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Institutional Ownership · SEC Form 13F

Who owns ILTB (ILTB)


Which tracked institutional funds hold ILTB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ILTB 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.

87
Institutional holders
7,188,114
Shares held (tracked funds)

How the tape is positioned

14 tracked funds added or opened ILTB while 18 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

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

ILTB’s largest tracked holder by dollar value, NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in ILTB 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 87 tracked filers holding ILTB, 37 increased or opened the position and 46 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 ILTB 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 4

  • RETIREMITTEN FINANCIAL LLC$12M
  • CITADEL ADVISORS LLC$2M
  • Thrivent Financial for Lutherans$1M
  • VestGen Advisors, LLC$561K

Full exits 6

  • NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$140M
  • Mach-1 Financial Group, LLC$2M
  • TRUIST FINANCIAL CORP$2M
  • SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
  • Veratis Advisors, Inc.$1M
  • J.W. COLE ADVISORS, INC.$691K

Largest adds

  • AMERIPRISE FINANCIAL INC$5M
  • AE Wealth Management LLC$3M
  • Equitable Holdings, Inc.$1M
  • Arkadios Wealth Advisors$912K
  • LPL Financial LLC$853K
  • JONES FINANCIAL COMPANIES LLLP$733K

Largest trims

  • Independent Wealth Network Inc.$4M
  • PLANWISER FINANCIAL, LLC$2M
  • Cetera Investment Advisers$1M
  • BANK OF AMERICA CORP /DE/$1M
  • Grey Fox Wealth Advisors, LLC$657K
  • Verde Capital Management$519K

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).

FundSharesReported value% of valueQuarter
BANK OF AMERICA CORP /DE/ added2,166,774$106M20.8%2026-Q1
AE Wealth Management LLC added1,302,828$64M12.5%2026-Q1
AMERIPRISE FINANCIAL INC added541,061$27M5.2%2026-Q1
Focus Financial Network, Inc. added254,176$12M2.4%2026-Q1
RETIREMITTEN FINANCIAL LLC new253,473$12M2.4%2026-Q1
Cedar Mountain Advisors, LLC added243,947$12M2.3%2026-Q1
BlackRock, Inc. added205,417$10M2.0%2026-Q1
Verde Capital Management trimmed174,574$9M1.7%2026-Q1
WELLS FARGO & COMPANY/MN trimmed171,250$8M1.6%2026-Q1
UBS Group AG trimmed170,277$8M1.6%2026-Q1
LPL Financial LLC added133,533$7M1.3%2026-Q1
MORGAN STANLEY trimmed122,798$6M1.2%2026-Q1
ETF Portfolio Partners, Inc. trimmed105,011$5M1.0%2026-Q1
Arkadios Wealth Advisors added91,731$4M0.9%2026-Q1
CREATIVE FINANCIAL DESIGNS INC /ADV trimmed83,439$4M0.8%2026-Q1
Cetera Investment Advisers trimmed82,465$4M0.8%2026-Q1
ENVESTNET ASSET MANAGEMENT INC trimmed76,487$4M0.7%2026-Q1
CreativeOne Wealth, LLC added71,940$4M0.7%2026-Q1
KEYBANK NATIONAL ASSOCIATION/OH68,357$3M0.7%2026-Q1
SCHMIDT P J INVESTMENT MANAGEMENT INC added65,719$3M0.6%2026-Q1
JONES FINANCIAL COMPANIES LLLP added55,990$3M0.5%2026-Q1
RAYMOND JAMES FINANCIAL INC trimmed49,505$2M0.5%2026-Q1
Wealthfront Advisers LLC added47,846$2M0.5%2026-Q1
Independent Wealth Network Inc. trimmed46,858$2M0.4%2026-Q1
Equitable Holdings, Inc. added38,924$2M0.4%2026-Q1
CITADEL ADVISORS LLC added38,905$2M0.4%2026-Q1
Sound Income Strategies, LLC added39,008$2M0.4%2026-Q1
TOUNJIAN ADVISORY PARTNERS, LLC trimmed37,538$2M0.4%2026-Q1
ROYAL BANK OF CANADA trimmed34,955$2M0.3%2026-Q1
Prospera Financial Services Inc trimmed33,679$2M0.3%2026-Q1
Thrivent Financial for Lutherans added30,439$1M0.3%2026-Q1
Goldstone Financial Group, LLC trimmed29,807$1M0.3%2026-Q1
Betterment LLC added25,422$1M0.2%2026-Q1
JPMORGAN CHASE & CO trimmed23,584$1M0.2%2026-Q1
Cresta Advisors, Ltd.22,570$1M0.2%2026-Q1
Elevated Capital Advisors, LLC trimmed21,108$1M0.2%2026-Q1
MML INVESTORS SERVICES, LLC trimmed19,992$979K0.2%2026-Q1
Summit Wealth Partners, LLC trimmed16,894$827K0.2%2026-Q1
Safeguard Investment Advisory Group, LLC trimmed15,193$744K0.1%2026-Q1
JANE STREET GROUP, LLC added13,880$680K0.1%2026-Q1
VestGen Advisors, LLC new11,517$561K0.1%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC added11,133$545K0.1%2026-Q1
Latitude Advisors, LLC trimmed10,150$497K0.1%2026-Q1
Cambridge Investment Research Advisors, Inc. added9,907$485K0.1%2026-Q1
GWN SECURITIES INC. added9,247$453K0.1%2026-Q1
Private Advisor Group, LLC added9,012$441K0.1%2026-Q1
Sanctuary Advisors, LLC trimmed8,226$403K0.1%2026-Q1
OSAIC HOLDINGS, INC. trimmed7,850$384K0.1%2026-Q1
Triad Wealth Partners, LLC new7,074$346K0.1%2026-Q1
Advisory Services Network, LLC added6,935$340K0.1%2026-Q1
Crescent Grove Advisors, LLC6,765$331K0.1%2026-Q1
TD PRIVATE CLIENT WEALTH LLC added6,234$305K0.1%2026-Q1
TSFG, LLC trimmed6,209$304K0.1%2026-Q1
PLANWISER FINANCIAL, LLC trimmed6,110$302K0.1%2026-Q1
Winter & Associates, Inc. added4,819$236K0.0%2026-Q1
Focus Partners Advisor Solutions, LLC added4,819$236K0.0%2026-Q1
&PARTNERS trimmed4,599$225K0.0%2026-Q1
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC trimmed4,597$224K0.0%2026-Q1
Grey Fox Wealth Advisors, LLC trimmed4,549$223K0.0%2026-Q1
PlanVest Financial, Inc new3,500$171K0.0%2026-Q1
FIFTH THIRD BANCORP added3,293$161K0.0%2026-Q1
CITIGROUP INC trimmed2,817$138K0.0%2026-Q1
FINANCIAL CONSULATE, INC added1,755$86K0.0%2026-Q1
SHP Wealth Management trimmed1,706$84K0.0%2026-Q1
Geneos Wealth Management Inc. added1,562$77K0.0%2026-Q1
NATIONAL BANK OF CANADA /FI/1,220$60K0.0%2026-Q1
CWM, LLC1,140$56K0.0%2026-Q1
Decker Retirement Planning Inc.1,133$55K0.0%2026-Q1
IFP Advisors, Inc added1,043$51K0.0%2026-Q1
Quest 10 Wealth Builders, Inc. added444$22K0.0%2026-Q1
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added4,724,569$140M27.3%2025-Q4 stale
Atria Wealth Solutions, Inc. trimmed84,679$4M0.8%2025-Q1 stale
Peak Financial Management, Inc. trimmed52,564$3M0.5%2025-Q2 stale
Mach-1 Financial Group, LLC added35,080$2M0.3%2025-Q4 stale
TRUIST FINANCIAL CORP added32,205$2M0.3%2025-Q4 stale
SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed29,056$1M0.3%2025-Q4 stale
CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed28,289$1M0.3%2025-Q2 stale
Coppell Advisory Solutions LLC new6,100$1M0.3%2025-Q1 stale
Veratis Advisors, Inc. new19,977$1M0.2%2025-Q4 stale
J.W. COLE ADVISORS, INC. trimmed13,894$691K0.1%2025-Q4 stale
Envestnet Portfolio Solutions, Inc. added9,232$459K0.1%2025-Q4 stale
BNP PARIBAS added9,133$457K0.1%2025-Q1 stale
Integrated Wealth Concepts LLC trimmed5,490$275K0.1%2025-Q1 stale
Global Retirement Partners, LLC trimmed5,048$251K0.0%2025-Q4 stale
Vantage Financial Partners, LLC trimmed4,902$248K0.0%2025-Q3 stale
Concurrent Investment Advisors, LLC new4,654$233K0.0%2025-Q1 stale
STIFEL FINANCIAL CORP trimmed4,374$219K0.0%2025-Q1 stale
OLD MISSION CAPITAL LLC trimmed4,348$217K0.0%2025-Q1 stale
Visionary Horizons, LLC trimmed4,258$210K0.0%2025-Q2 stale
Signal Advisors Wealth, LLC trimmed3,979$201K0.0%2025-Q3 stale
Advisors Asset Management, Inc. trimmed3,499$174K0.0%2025-Q4 stale
COMERICA BANK3,293$164K0.0%2025-Q4 stale
Park Place Capital Corp trimmed2,030$102K0.0%2025-Q3 stale
HARBOUR INVESTMENTS, INC.2,020$101K0.0%2025-Q1 stale
PRINCIPAL SECURITIES, INC. trimmed1,408$71K0.0%2025-Q3 stale
Parkside Financial Bank & Trust trimmed1,311$65K0.0%2025-Q2 stale
Capital A Wealth Management, LLC added1,140$60K0.0%2025-Q2 stale
Federation des caisses Desjardins du Quebec new600$30K0.0%2025-Q2 stale
McIlrath & Eck, LLC added421$21K0.0%2025-Q4 stale
Larson Financial Group LLC new411$21K0.0%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.

HoldersTotal shares

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.

Learn how to read institutional ownership