Who owns INCM
Which tracked institutional funds hold INCM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See INCM company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-22). 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 INCM is one-sided between 2025-Q4 and 2026-Q1: 47 added or opened and 8 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
INCM’s largest tracked holder by dollar value, LPL Financial LLC, 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 conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in INCM 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 114 tracked filers holding INCM, 91 increased or opened the position and 22 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 INCM 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 6
- Tulsa Wealth Advisors, INC$4M
- Spartan Wealth Advisory Services LLC$2M
- Arrowroot Family Office, LLC$1M
- Independent Advisor Alliance$663K
- LEVEL FOUR ADVISORY SERVICES, LLC$607K
- Bill Few Associates, Inc.$517K
Full exits 1
- NewEdge Advisors, LLC$3M
Largest adds
- LPL Financial LLC$33M
- MORGAN STANLEY$22M
- AMERIPRISE FINANCIAL INC$20M
- WELLS FARGO & COMPANY/MN$10M
- Equitable Holdings, Inc.$9M
- ROYAL BANK OF CANADA$7M
Largest trims
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$2M
- JANE STREET GROUP, LLC$1M
- STIFEL FINANCIAL CORP$1M
- Sowell Financial Services LLC$816K
- CITADEL ADVISORS LLC$640K
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$463K
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 4,878,364 | $140M | 19.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 2,349,307 | $68M | 9.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 2,274,327 | $65M | 8.9% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 1,630,167 | $47M | 6.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,558,296 | $45M | 6.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,341,701 | $39M | 5.3% | 2026-Q1 |
| MORGAN STANLEY added | 1,232,415 | $35M | 4.8% | 2026-Q1 |
| Summit Investment Advisory Services, LLC added | 1,002,091 | $29M | 3.9% | 2026-Q1 |
| Larson Financial Group LLC added | 795,484 | $23M | 3.1% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 626,845 | $18M | 2.5% | 2026-Q1 |
| Cetera Investment Advisers added | 621,105 | $18M | 2.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 580,223 | $17M | 2.3% | 2026-Q1 |
| Next Level Private LLC added | 395,468 | $11M | 1.6% | 2026-Q1 |
| Sowell Financial Services LLC trimmed | 394,534 | $11M | 1.6% | 2026-Q1 |
| CWM, LLC added | 381,500 | $11M | 1.5% | 2026-Q1 |
| Equitable Holdings, Inc. added | 327,590 | $9M | 1.3% | 2026-Q1 |
| Base Wealth Management LLC trimmed | 319,318 | $9M | 1.3% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 286,714 | $8M | 1.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 260,915 | $8M | 1.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 246,884 | $7M | 1.0% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 170,637 | $5M | 0.7% | 2026-Q1 |
| D.A. DAVIDSON & CO. added | 153,075 | $4M | 0.6% | 2026-Q1 |
| DAVENPORT & Co LLC added | 144,519 | $4M | 0.6% | 2026-Q1 |
| SMITH, MOORE & CO. added | 143,872 | $4M | 0.6% | 2026-Q1 |
| Tulsa Wealth Advisors, INC new | 141,044 | $4M | 0.6% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 135,738 | $4M | 0.5% | 2026-Q1 |
| Intrua Financial, LLC added | 135,591 | $4M | 0.5% | 2026-Q1 |
| Bank of New York Mellon Corp added | 134,167 | $4M | 0.5% | 2026-Q1 |
| Gateway Wealth Partners, LLC added | 123,624 | $4M | 0.5% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 121,730 | $4M | 0.5% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 120,381 | $3M | 0.5% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 116,581 | $3M | 0.5% | 2026-Q1 |
| KENNEDY INVESTMENT GROUP, INC. added | 111,358 | $3M | 0.4% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 110,776 | $3M | 0.4% | 2026-Q1 |
| LVZ, Inc. added | 93,303 | $3M | 0.4% | 2026-Q1 |
| Elequin Capital, LP added | 84,333 | $2M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 75,945 | $2M | 0.3% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 74,111 | $2M | 0.3% | 2026-Q1 |
| RICHARDS, MERRILL & PETERSON, INC. added | 72,745 | $2M | 0.3% | 2026-Q1 |
| Pinnacle Financial Group, LLC / IL added | 67,805 | $2M | 0.3% | 2026-Q1 |
| Spartan Wealth Advisory Services LLC new | 62,450 | $2M | 0.2% | 2026-Q1 |
| Advisory Services Network, LLC added | 62,326 | $2M | 0.2% | 2026-Q1 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV added | 60,651 | $2M | 0.2% | 2026-Q1 |
| Brookstone Capital Management trimmed | 60,194 | $2M | 0.2% | 2026-Q1 |
| Arkadios Wealth Advisors trimmed | 60,094 | $2M | 0.2% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 58,344 | $2M | 0.2% | 2026-Q1 |
| Capital Analysts, LLC added | 56,799 | $2M | 0.2% | 2026-Q1 |
| Private Advisor Group, LLC added | 50,381 | $1M | 0.2% | 2026-Q1 |
| HBW ADVISORY SERVICES LLC added | 45,853 | $1M | 0.2% | 2026-Q1 |
| Arrowroot Family Office, LLC new | 38,096 | $1M | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 37,539 | $1M | 0.1% | 2026-Q1 |
| Secure Asset Management, LLC added | 33,972 | $977K | 0.1% | 2026-Q1 |
| XML Financial, LLC added | 33,865 | $974K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 33,537 | $964K | 0.1% | 2026-Q1 |
| Mariner, LLC added | 31,506 | $906K | 0.1% | 2026-Q1 |
| Innovative Wealth Building LLC added | 30,083 | $865K | 0.1% | 2026-Q1 |
| OLD MISSION CAPITAL LLC | 29,914 | $860K | 0.1% | 2026-Q1 |
| VERUS CAPITAL PARTNERS, LLC added | 28,405 | $817K | 0.1% | 2026-Q1 |
| Prospera Financial Services Inc added | 28,110 | $808K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 25,526 | $732K | 0.1% | 2026-Q1 |
| Visionary Wealth Advisors added | 24,853 | $715K | 0.1% | 2026-Q1 |
| World Investment Advisors added | 24,069 | $692K | 0.1% | 2026-Q1 |
| Independent Advisor Alliance added | 23,072 | $663K | 0.1% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 22,611 | $650K | 0.1% | 2026-Q1 |
| Jacobi Capital Management LLC added | 21,750 | $625K | 0.1% | 2026-Q1 |
| CALTON & ASSOCIATES, INC. trimmed | 21,554 | $620K | 0.1% | 2026-Q1 |
| LEVEL FOUR ADVISORY SERVICES, LLC new | 21,096 | $607K | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 20,590 | $592K | 0.1% | 2026-Q1 |
| PFG Advisors added | 20,542 | $591K | 0.1% | 2026-Q1 |
| Plus Group Wealth Advisors LLC added | 19,928 | $573K | 0.1% | 2026-Q1 |
| THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. added | 19,005 | $546K | 0.1% | 2026-Q1 |
| Perigon Wealth Management, LLC trimmed | 18,825 | $541K | 0.1% | 2026-Q1 |
| Bill Few Associates, Inc. new | 17,970 | $517K | 0.1% | 2026-Q1 |
| PRIVATE TRUST CO NA | 17,040 | $490K | 0.1% | 2026-Q1 |
| Asset Allocation Strategies LLC trimmed | 16,365 | $470K | 0.1% | 2026-Q1 |
| Jaffetilchin Investment Partners, LLC new | 15,759 | $453K | 0.1% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC new | 15,000 | $431K | 0.1% | 2026-Q1 |
| Allworth Financial LP | 14,861 | $427K | 0.1% | 2026-Q1 |
| WCG Wealth Advisors LLC added | 14,333 | $412K | 0.1% | 2026-Q1 |
| Advance Capital Management, Inc. new | 14,192 | $408K | 0.1% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 13,301 | $382K | 0.1% | 2026-Q1 |
| Atria Investments, Inc trimmed | 12,472 | $359K | 0.0% | 2026-Q1 |
| Orion Porfolio Solutions, LLC added | 12,213 | $351K | 0.0% | 2026-Q1 |
| C2C Wealth Management, LLC added | 12,000 | $345K | 0.0% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 11,244 | $323K | 0.0% | 2026-Q1 |
| Retireful, LLC new | 11,165 | $321K | 0.0% | 2026-Q1 |
| Koshinski Asset Management, Inc. new | 10,998 | $316K | 0.0% | 2026-Q1 |
| Sigma Planning Corp added | 10,172 | $292K | 0.0% | 2026-Q1 |
| Cornerstone Wealth Management, LLC | 9,865 | $284K | 0.0% | 2026-Q1 |
| AVAII WEALTH MANAGEMENT, LLC new | 8,708 | $250K | 0.0% | 2026-Q1 |
| Savvy Advisors, Inc. added | 7,959 | $229K | 0.0% | 2026-Q1 |
| NewEdge Advisors, LLC added | 104,250 | $3M | 0.4% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 31,525 | $853K | 0.1% | 2025-Q2 stale |
| SFG Wealth Management, LLC. added | 24,899 | $663K | 0.1% | 2025-Q1 stale |
| Financial Advocates Investment Management added | 24,410 | $660K | 0.1% | 2025-Q2 stale |
| IronOak Wealth LLC. new | 23,165 | $629K | 0.1% | 2025-Q2 stale |
| Ameritas Advisory Services, LLC added | 15,782 | $438K | 0.1% | 2025-Q3 stale |
| Global Retirement Partners, LLC | 15,300 | $429K | 0.1% | 2025-Q4 stale |
| Principia Wealth Advisory, LLC added | 11,603 | $325K | 0.0% | 2025-Q4 stale |
| OPPENHEIMER & CO INC added | 8,935 | $251K | 0.0% | 2025-Q4 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.