Who owns IBDX (IBDX)
Which tracked institutional funds hold IBDX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IBDX company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on IBDX is one-sided between 2025-Q4 and 2026-Q1: 60 added or opened and 17 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
IBDX’s largest tracked holder by dollar value, Aptus Capital Advisors, LLC, sizes it at 1.3% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 1.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in IBDX divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 220 tracked filers holding IBDX, 165 increased or opened the position and 41 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in IBDX between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 9
- Cornerstone Planning, LLC$9M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$5M
- GOLDMAN SACHS GROUP INC$2M
- Equitable Holdings, Inc.$845K
- CITADEL ADVISORS LLC$787K
- FIFTH THIRD BANCORP$599K
Full exits 7
- NewEdge Advisors, LLC$22M
- CONFLUENCE INVESTMENT MANAGEMENT LLC$8M
- FLOW TRADERS U.S. LLC$2M
- Walleye Partners, LLC$1M
- Keeler Thomas Management LLC$970K
- Farmers National Bank$816K
Largest adds
- Advisors Capital Management, LLC$13M
- MORGAN STANLEY$7M
- UBS Group AG$5M
- Klingman & Associates, LLC$5M
- COWA, LLC$4M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$4M
Largest trims
- AMERIPRISE FINANCIAL INC$20M
- WELLS FARGO & COMPANY/MN$6M
- Seneca House Advisors$4M
- MV CAPITAL MANAGEMENT, INC.$2M
- COMMONWEALTH EQUITY SERVICES, LLC$2M
- Quantum Financial Advisors, LLC$1M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Aptus Capital Advisors, LLC added | 6,342,898 | $160M | 12.4% | 2026-Q1 |
| Capital Investment Advisors, LLC added | 3,330,175 | $84M | 6.5% | 2026-Q1 |
| MORGAN STANLEY added | 2,909,042 | $74M | 5.7% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 2,815,335 | $71M | 5.5% | 2026-Q1 |
| CAPITAL ADVISORS INC/OK added | 2,790,716 | $71M | 5.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 2,442,506 | $62M | 4.8% | 2026-Q1 |
| Summit Financial, LLC added | 1,584,574 | $40M | 3.1% | 2026-Q1 |
| SIGMA INVESTMENT COUNSELORS INC added | 1,511,640 | $38M | 3.0% | 2026-Q1 |
| UBS Group AG added | 1,170,880 | $30M | 2.3% | 2026-Q1 |
| Klingman & Associates, LLC added | 1,081,554 | $27M | 2.1% | 2026-Q1 |
| Seven Springs Wealth Group, LLC added | 1,061,550 | $27M | 2.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,017,649 | $26M | 2.0% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 1,009,242 | $26M | 2.0% | 2026-Q1 |
| Sound View Wealth Advisors Group, LLC added | 905,660 | $23M | 1.8% | 2026-Q1 |
| US BANCORP \DE\ added | 868,522 | $22M | 1.7% | 2026-Q1 |
| HighTower Advisors, LLC added | 854,043 | $22M | 1.7% | 2026-Q1 |
| Advisors Capital Management, LLC added | 840,219 | $21M | 1.6% | 2026-Q1 |
| MV CAPITAL MANAGEMENT, INC. trimmed | 773,344 | $20M | 1.5% | 2026-Q1 |
| COWA, LLC added | 729,002 | $18M | 1.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 725,258 | $18M | 1.4% | 2026-Q1 |
| Arrow Financial Corp added | 614,512 | $16M | 1.2% | 2026-Q1 |
| PFG Private Wealth Management, LLC added | 549,790 | $14M | 1.1% | 2026-Q1 |
| MB, LEVIS & ASSOCIATES, LLC added | 521,224 | $13M | 1.0% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 519,723 | $13M | 1.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 510,121 | $13M | 1.0% | 2026-Q1 |
| LPL Financial LLC added | 509,925 | $13M | 1.0% | 2026-Q1 |
| Parkway Wealth Management Group, LLC added | 397,851 | $10M | 0.8% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 396,703 | $10M | 0.8% | 2026-Q1 |
| Ironwood Financial, llc added | 379,700 | $10M | 0.7% | 2026-Q1 |
| Cornerstone Planning, LLC new | 370,140 | $9M | 0.7% | 2026-Q1 |
| Atlantic Union Bankshares Corp added | 348,200 | $9M | 0.7% | 2026-Q1 |
| Guidance Point Advisors, LLC added | 315,676 | $8M | 0.6% | 2026-Q1 |
| Probity Advisors, Inc. added | 304,095 | $8M | 0.6% | 2026-Q1 |
| Snowden Capital Advisors LLC added | 293,424 | $7M | 0.6% | 2026-Q1 |
| LYELL WEALTH MANAGEMENT, LP added | 264,515 | $7M | 0.5% | 2026-Q1 |
| MCF Advisors LLC added | 254,984 | $6M | 0.5% | 2026-Q1 |
| Parallel Advisors, LLC added | 244,230 | $6M | 0.5% | 2026-Q1 |
| Lido Advisors, LLC added | 241,095 | $6M | 0.5% | 2026-Q1 |
| HANCOCK WHITNEY CORP added | 239,660 | $6M | 0.5% | 2026-Q1 |
| Krilogy Financial LLC added | 220,939 | $6M | 0.4% | 2026-Q1 |
| Marathon Mission, Inc. added | 216,708 | $5M | 0.4% | 2026-Q1 |
| 4Thought Financial Group Inc. trimmed | 205,076 | $5M | 0.4% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 186,427 | $5M | 0.4% | 2026-Q1 |
| HOWLAND CAPITAL MANAGEMENT LLC added | 185,999 | $5M | 0.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 182,445 | $5M | 0.4% | 2026-Q1 |
| KINTRA WEALTH, LLC added | 178,356 | $5M | 0.3% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 177,791 | $4M | 0.3% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 171,018 | $4M | 0.3% | 2026-Q1 |
| Signature Wealth Management Group added | 169,983 | $4M | 0.3% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 168,665 | $4M | 0.3% | 2026-Q1 |
| RWA WEALTH PARTNERS, LLC trimmed | 163,459 | $4M | 0.3% | 2026-Q1 |
| Praetorian Wealth Management, Inc. added | 158,990 | $4M | 0.3% | 2026-Q1 |
| CWM, LLC added | 152,895 | $4M | 0.3% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 141,341 | $4M | 0.3% | 2026-Q1 |
| Glenview Trust Co added | 141,063 | $4M | 0.3% | 2026-Q1 |
| Evergreen Private Wealth LLC added | 137,864 | $3M | 0.3% | 2026-Q1 |
| PRECEDENT WEALTH PARTNERS, LLC added | 137,642 | $3M | 0.3% | 2026-Q1 |
| Peloton Wealth Strategists added | 133,500 | $3M | 0.3% | 2026-Q1 |
| ADIRONDACK TRUST CO added | 130,102 | $3M | 0.3% | 2026-Q1 |
| Paradigm, Strategies in Wealth Management, LLC trimmed | 120,584 | $3M | 0.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 119,824 | $3M | 0.2% | 2026-Q1 |
| Seneca House Advisors trimmed | 118,994 | $3M | 0.2% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 118,338 | $3M | 0.2% | 2026-Q1 |
| Arcataur Capital Management LLC added | 104,125 | $3M | 0.2% | 2026-Q1 |
| Houlihan Financial Resource Group, Ltd. added | 104,050 | $3M | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 95,718 | $2M | 0.2% | 2026-Q1 |
| Stonebrook Private Inc. added | 94,977 | $2M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 91,033 | $2M | 0.2% | 2026-Q1 |
| Segment Wealth Management, LLC added | 87,235 | $2M | 0.2% | 2026-Q1 |
| Rossmore Private Capital added | 86,957 | $2M | 0.2% | 2026-Q1 |
| Archford Capital Strategies, LLC trimmed | 85,063 | $2M | 0.2% | 2026-Q1 |
| ABSOLUTE CAPITAL MANAGEMENT, LLC trimmed | 84,835 | $2M | 0.2% | 2026-Q1 |
| IFP Advisors, Inc added | 82,803 | $2M | 0.2% | 2026-Q1 |
| CENTRAL TRUST Co added | 81,586 | $2M | 0.2% | 2026-Q1 |
| First National Trust Co added | 78,869 | $2M | 0.2% | 2026-Q1 |
| FULTON BREAKEFIELD BROENNIMAN LLC added | 78,490 | $2M | 0.2% | 2026-Q1 |
| Mariner, LLC added | 78,363 | $2M | 0.2% | 2026-Q1 |
| WRAPMANAGER INC added | 76,265 | $2M | 0.1% | 2026-Q1 |
| Centric Wealth Management added | 76,618 | $2M | 0.1% | 2026-Q1 |
| Winthrop Partners - WNY, LLC added | 75,048 | $2M | 0.1% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 73,386 | $2M | 0.1% | 2026-Q1 |
| Roble, Belko & Company, Inc added | 72,379 | $2M | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 71,366 | $2M | 0.1% | 2026-Q1 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 70,964 | $2M | 0.1% | 2026-Q1 |
| Associated Banc-Corp added | 69,537 | $2M | 0.1% | 2026-Q1 |
| Wilkins Miller Wealth Management, LLC added | 67,064 | $2M | 0.1% | 2026-Q1 |
| MEITAV INVESTMENT HOUSE LTD trimmed | 64,909 | $2M | 0.1% | 2026-Q1 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 63,143 | $2M | 0.1% | 2026-Q1 |
| LBMC INVESTMENT ADVISORS, LLC added | 59,808 | $2M | 0.1% | 2026-Q1 |
| OPPENHEIMER & CO INC trimmed | 57,368 | $1M | 0.1% | 2026-Q1 |
| Chesley Taft & Associates LLC added | 55,000 | $1M | 0.1% | 2026-Q1 |
| COLDSTREAM CAPITAL MANAGEMENT INC | 54,646 | $1M | 0.1% | 2026-Q1 |
| SUMMITRY LLC added | 1,053,450 | $27M | 2.1% | 2025-Q2 stale |
| NewEdge Advisors, LLC added | 860,213 | $22M | 1.7% | 2025-Q4 stale |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 298,135 | $8M | 0.6% | 2025-Q4 stale |
| Sandy Spring Bank added | 216,387 | $5M | 0.4% | 2025-Q1 stale |
| Sabal Trust CO added | 196,089 | $5M | 0.4% | 2025-Q1 stale |
| Frisch Financial Group, Inc. new | 132,456 | $3M | 0.3% | 2025-Q2 stale |
| FLOW TRADERS U.S. LLC added | 80,549 | $2M | 0.2% | 2025-Q4 stale |
| STAR Financial Bank added | 73,185 | $2M | 0.1% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.