Who owns IEO
Which tracked institutional funds hold IEO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IEO company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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 IEO is one-sided between 2025-Q4 and 2026-Q1: 50 added or opened and 12 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
IEO’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes IEO more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in IEO 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 169 tracked filers holding IEO, 83 increased or opened the position and 58 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 IEO 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 7
- BNP PARIBAS FINANCIAL MARKETS$25M
- Bank Pictet & Cie (Europe) AG$20M
- Mader & Shannon Wealth Management, Inc.$6M
- Horizon Wealth Management, LLC$4M
- Quadrature Capital Ltd$2M
- Apollon Wealth Management, LLC$751K
Full exits 4
- BEARING POINT CAPITAL, LLC$1M
- FOUNDATIONS INVESTMENT ADVISORS, LLC$781K
- Walser Wealth Management Company, A Ltd Liability Co$781K
- Tower Research Capital LLC (TRC)$559K
Largest adds
- MORGAN STANLEY$14M
- LPL Financial LLC$8M
- BANK OF AMERICA CORP /DE/$6M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$5M
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$4M
- EP Wealth Advisors, LLC$3M
Largest trims
- MML INVESTORS SERVICES, LLC$3M
- Stegent Equity Advisors, Inc.$1M
- Rockefeller Capital Management L.P.$663K
- TWO SIGMA INVESTMENTS, LP$560K
- Audent Global Asset Management, LLC$487K
- GOLDMAN SACHS GROUP INC$478K
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 309,464 | $39M | 12.8% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 201,000 | $25M | 8.3% | 2026-Q1 |
| Bank Pictet & Cie (Europe) AG added | 157,250 | $20M | 6.5% | 2026-Q1 |
| LPL Financial LLC added | 128,188 | $16M | 5.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 117,066 | $15M | 4.8% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 95,142 | $12M | 3.9% | 2026-Q1 |
| EP Wealth Advisors, LLC added | 79,475 | $10M | 3.3% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 61,031 | $8M | 2.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 59,223 | $7M | 2.4% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 54,925 | $7M | 2.3% | 2026-Q1 |
| UBS Group AG added | 49,892 | $6M | 2.1% | 2026-Q1 |
| Mader & Shannon Wealth Management, Inc. new | 46,648 | $6M | 1.9% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 44,027 | $5M | 1.8% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 44,017 | $5M | 1.8% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 44,011 | $5M | 1.8% | 2026-Q1 |
| AMICA MUTUAL INSURANCE CO | 42,750 | $5M | 1.8% | 2026-Q1 |
| Investors Research Corp added | 36,891 | $5M | 1.5% | 2026-Q1 |
| Horizon Wealth Management, LLC new | 31,855 | $4M | 1.3% | 2026-Q1 |
| Mutual Advisors, LLC trimmed | 30,313 | $4M | 1.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 27,303 | $3M | 1.1% | 2026-Q1 |
| AlphaCore Capital LLC trimmed | 25,801 | $3M | 1.1% | 2026-Q1 |
| GRIMES & Co WEALTH MANAGEMENT, LLC trimmed | 23,929 | $3M | 1.0% | 2026-Q1 |
| MARTIN & CO INC /TN/ added | 22,743 | $3M | 0.9% | 2026-Q1 |
| Mariner, LLC added | 22,127 | $3M | 0.9% | 2026-Q1 |
| JOHNSON INVESTMENT COUNSEL INC | 21,701 | $3M | 0.9% | 2026-Q1 |
| COTTONWOOD CAPITAL ADVISORS, LLC trimmed | 20,592 | $3M | 0.8% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 19,532 | $2M | 0.8% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 18,998 | $2M | 0.8% | 2026-Q1 |
| Quadrature Capital Ltd added | 17,777 | $2M | 0.7% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 16,687 | $2M | 0.7% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 16,352 | $2M | 0.7% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 15,955 | $2M | 0.7% | 2026-Q1 |
| Wealth Management Partners, LLC trimmed | 15,530 | $2M | 0.6% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 15,441 | $2M | 0.6% | 2026-Q1 |
| HighTower Advisors, LLC added | 14,700 | $2M | 0.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 12,873 | $2M | 0.5% | 2026-Q1 |
| Independent Family Office, LLC | 12,754 | $2M | 0.5% | 2026-Q1 |
| CARRET ASSET MANAGEMENT, LLC trimmed | 12,625 | $2M | 0.5% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 11,757 | $1M | 0.5% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 11,345 | $1M | 0.5% | 2026-Q1 |
| Audent Global Asset Management, LLC trimmed | 8,989 | $1M | 0.5% | 2026-Q1 |
| Savvy Advisors, Inc. trimmed | 10,230 | $1M | 0.4% | 2026-Q1 |
| Enclave Advisors LLC | 10,191 | $1M | 0.4% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 9,556 | $1M | 0.4% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 9,223 | $1M | 0.4% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 9,200 | $1M | 0.4% | 2026-Q1 |
| MARSHALL WACE, LLP added | 8,974 | $1M | 0.4% | 2026-Q1 |
| Cresset Asset Management, LLC added | 8,859 | $1M | 0.4% | 2026-Q1 |
| PCG Wealth Advisors, LLC trimmed | 8,183 | $1M | 0.3% | 2026-Q1 |
| Stegent Equity Advisors, Inc. trimmed | 8,004 | $1,000K | 0.3% | 2026-Q1 |
| RiverFront Investment Group, LLC trimmed | 7,377 | $921K | 0.3% | 2026-Q1 |
| NORTHERN TRUST CORP | 7,039 | $879K | 0.3% | 2026-Q1 |
| Mezzasalma Advisors, LLC trimmed | 6,958 | $869K | 0.3% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 6,711 | $838K | 0.3% | 2026-Q1 |
| Creative Planning added | 6,187 | $773K | 0.3% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 6,116 | $764K | 0.3% | 2026-Q1 |
| Apollon Wealth Management, LLC new | 6,012 | $751K | 0.2% | 2026-Q1 |
| Endowment Wealth Management, Inc. trimmed | 5,967 | $745K | 0.2% | 2026-Q1 |
| Mraz, Amerine & Associates, Inc. trimmed | 5,918 | $739K | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 5,038 | $629K | 0.2% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 4,903 | $612K | 0.2% | 2026-Q1 |
| GUYASUTA INVESTMENT ADVISORS INC | 4,893 | $611K | 0.2% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 4,751 | $593K | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 4,728 | $591K | 0.2% | 2026-Q1 |
| Vontobel Holding Ltd. new | 4,714 | $589K | 0.2% | 2026-Q1 |
| Westmount Partners, LLC added | 4,243 | $530K | 0.2% | 2026-Q1 |
| ALTFEST L J & CO INC added | 4,226 | $528K | 0.2% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 4,243 | $512K | 0.2% | 2026-Q1 |
| STEPHENS INC /AR/ | 4,082 | $510K | 0.2% | 2026-Q1 |
| Equitable Holdings, Inc. trimmed | 5,600 | $500K | 0.2% | 2026-Q1 |
| Sanctuary Advisors, LLC trimmed | 3,782 | $472K | 0.2% | 2026-Q1 |
| Poehling Capital Management, INC. | 3,500 | $437K | 0.1% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 3,282 | $410K | 0.1% | 2026-Q1 |
| &PARTNERS new | 3,020 | $377K | 0.1% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 3,017 | $377K | 0.1% | 2026-Q1 |
| Fiduciary Trust Co | 3,005 | $375K | 0.1% | 2026-Q1 |
| Dai-ichi Life International Holdings LLC new | 3,005 | $375K | 0.1% | 2026-Q1 |
| Smith Partners Wealth Management, LLC | 3,000 | $375K | 0.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 2,951 | $369K | 0.1% | 2026-Q1 |
| Betterment LLC new | 2,595 | $324K | 0.1% | 2026-Q1 |
| Focus Partners Wealth trimmed | 2,552 | $319K | 0.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 2,529 | $316K | 0.1% | 2026-Q1 |
| FIRST HORIZON CORP | 2,487 | $311K | 0.1% | 2026-Q1 |
| Koshinski Asset Management, Inc. added | 2,369 | $296K | 0.1% | 2026-Q1 |
| Altus Wealth Management, LLC added | 113,581 | $11M | 3.5% | 2025-Q1 stale |
| SPC Financial, Inc. trimmed | 27,001 | $3M | 0.8% | 2025-Q3 stale |
| Arete Wealth Advisors, LLC added | 18,072 | $2M | 0.6% | 2025-Q3 stale |
| BEARING POINT CAPITAL, LLC new | 14,888 | $1M | 0.4% | 2025-Q4 stale |
| FOUNDATIONS INVESTMENT ADVISORS, LLC added | 8,755 | $781K | 0.3% | 2025-Q4 stale |
| Walser Wealth Management Company, A Ltd Liability Co new | 8,755 | $781K | 0.3% | 2025-Q4 stale |
| J.W. COLE ADVISORS, INC. trimmed | 6,100 | $565K | 0.2% | 2025-Q3 stale |
| Tower Research Capital LLC (TRC) trimmed | 6,263 | $559K | 0.2% | 2025-Q4 stale |
| Tradewinds, LLC. | 5,465 | $488K | 0.2% | 2025-Q4 stale |
| Wilmington Savings Fund Society, FSB added | 4,600 | $408K | 0.1% | 2025-Q2 stale |
| Alta Wealth Advisors LLC trimmed | 4,060 | $384K | 0.1% | 2025-Q1 stale |
| Capital Analysts, LLC added | 4,215 | $376K | 0.1% | 2025-Q4 stale |
| CYPRESS ASSET MANAGEMENT INC/TX trimmed | 3,293 | $294K | 0.1% | 2025-Q4 stale |
| Jefferies Financial Group Inc. new | 3,086 | $292K | 0.1% | 2025-Q1 stale |
| Brookstone Capital Management trimmed | 3,035 | $287K | 0.1% | 2025-Q1 stale |
| Prime Capital Investment Advisors, LLC trimmed | 2,927 | $277K | 0.1% | 2025-Q1 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.