Who owns IPAC (IPAC)
Which tracked institutional funds hold IPAC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IPAC 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 IPAC is one-sided between 2025-Q4 and 2026-Q1: 41 added or opened and 10 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
IPAC’s largest tracked holder by dollar value, Blue Trust, Inc., sizes it at 5.4% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 5.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in IPAC 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 174 tracked filers holding IPAC, 84 increased or opened the position and 73 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 IPAC 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
- Bank Julius Baer & Co. Ltd, Zurich$18M
- GOLDMAN SACHS GROUP INC$4M
- JANE STREET GROUP, LLC$4M
- FDx Advisors, Inc.$3M
- Forum Finance Group S.A.$645K
- SUMMITPOINT CAPITAL MANAGEMENT$506K
Full exits 5
- Blue Edge Capital, LLC$9M
- Kingsview Wealth Management, LLC$6M
- Perigon Wealth Management, LLC$5M
- FLOW TRADERS U.S. LLC$4M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$813K
Largest adds
- ENVESTNET ASSET MANAGEMENT INC$21M
- JPMORGAN CHASE & CO$19M
- BlackRock, Inc.$12M
- Thrivent Financial for Lutherans$10M
- Rockefeller Capital Management L.P.$8M
- MORGAN STANLEY$8M
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$10M
- UBS Group AG$5M
- LAZARD ASSET MANAGEMENT LLC$795K
- RAYMOND JAMES FINANCIAL INC$465K
- NewEdge Advisors, LLC$361K
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 |
|---|---|---|---|---|
| Blue Trust, Inc. trimmed | 6,127,905 | $469M | 21.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 4,046,669 | $310M | 14.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 2,424,022 | $180M | 8.2% | 2026-Q1 |
| MORGAN STANLEY added | 994,424 | $76M | 3.5% | 2026-Q1 |
| ASSETMARK, INC trimmed | 953,773 | $73M | 3.3% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 896,396 | $69M | 3.1% | 2026-Q1 |
| MATHER GROUP, LLC. added | 658,482 | $50M | 2.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 603,513 | $46M | 2.1% | 2026-Q1 |
| Elm Partners Management LLC added | 507,836 | $38M | 1.7% | 2026-Q1 |
| BESSEMER GROUP INC added | 428,615 | $33M | 1.5% | 2026-Q1 |
| Cetera Investment Advisers added | 403,499 | $31M | 1.4% | 2026-Q1 |
| Smithfield Trust Co added | 345,763 | $26M | 1.2% | 2026-Q1 |
| Bank Julius Baer & Co. Ltd, Zurich new | 236,437 | $18M | 0.8% | 2026-Q1 |
| Mandatum Life Insurance Co Ltd added | 230,602 | $18M | 0.8% | 2026-Q1 |
| Roberts Financial Services LLC added | 209,892 | $16M | 0.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 203,974 | $16M | 0.7% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 201,160 | $15M | 0.7% | 2026-Q1 |
| VALLEY WEALTH MANAGERS, INC. added | 184,429 | $14M | 0.6% | 2026-Q1 |
| GREENWOOD CAPITAL ASSOCIATES LLC added | 182,829 | $14M | 0.6% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 151,866 | $12M | 0.5% | 2026-Q1 |
| BlackRock, Inc. added | 151,455 | $12M | 0.5% | 2026-Q1 |
| Vident Advisory, LLC added | 145,449 | $11M | 0.5% | 2026-Q1 |
| Garde Capital, Inc. trimmed | 140,283 | $11M | 0.5% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 139,828 | $11M | 0.5% | 2026-Q1 |
| GenTrust, LLC | 135,687 | $10M | 0.5% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 135,385 | $10M | 0.5% | 2026-Q1 |
| LPL Financial LLC trimmed | 111,854 | $9M | 0.4% | 2026-Q1 |
| Amundi trimmed | 105,514 | $8M | 0.4% | 2026-Q1 |
| UBS Group AG trimmed | 87,326 | $7M | 0.3% | 2026-Q1 |
| Columbus Macro, LLC added | 86,957 | $7M | 0.3% | 2026-Q1 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 78,722 | $6M | 0.3% | 2026-Q1 |
| Integris Wealth Management, LLC trimmed | 76,413 | $6M | 0.3% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC | 71,997 | $6M | 0.3% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 70,964 | $5M | 0.2% | 2026-Q1 |
| Financial Gravity Asset Management, Inc. added | 64,847 | $5M | 0.2% | 2026-Q1 |
| Creative Planning added | 61,790 | $5M | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 57,767 | $4M | 0.2% | 2026-Q1 |
| ES4, LLC | 51,110 | $4M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 49,841 | $4M | 0.2% | 2026-Q1 |
| FDx Advisors, Inc. trimmed | 41,044 | $3M | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 40,159 | $3M | 0.1% | 2026-Q1 |
| Robertson Stephens Wealth Management, LLC trimmed | 34,950 | $3M | 0.1% | 2026-Q1 |
| Willis Johnson & Associates, Inc. trimmed | 31,460 | $2M | 0.1% | 2026-Q1 |
| Millington Financial Advisors, LLC added | 30,274 | $2M | 0.1% | 2026-Q1 |
| Denver PWM, LLC trimmed | 28,658 | $2M | 0.1% | 2026-Q1 |
| Dogwood Wealth Management LLC trimmed | 29,538 | $2M | 0.1% | 2026-Q1 |
| Belpointe Asset Management LLC added | 29,281 | $2M | 0.1% | 2026-Q1 |
| Fortis Capital Advisors, LLC added | 29,281 | $2M | 0.1% | 2026-Q1 |
| PRESILIUM PRIVATE WEALTH, LLC added | 28,655 | $2M | 0.1% | 2026-Q1 |
| Global Financial Private Client, LLC added | 23,655 | $2M | 0.1% | 2026-Q1 |
| Family Legacy, Inc. trimmed | 23,243 | $2M | 0.1% | 2026-Q1 |
| ATLAS CAPITAL ADVISORS INC. trimmed | 23,142 | $2M | 0.1% | 2026-Q1 |
| Jacobs Equity LLC added | 20,703 | $2M | 0.1% | 2026-Q1 |
| MCCARTER PRIVATE WEALTH SERVICES LLC added | 22,127 | $2M | 0.1% | 2026-Q1 |
| PAX Financial Group, LLC trimmed | 21,972 | $2M | 0.1% | 2026-Q1 |
| LVZ, Inc. trimmed | 20,976 | $2M | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 20,136 | $2M | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 19,813 | $2M | 0.1% | 2026-Q1 |
| Vontobel Holding Ltd. added | 19,787 | $2M | 0.1% | 2026-Q1 |
| CWM, LLC trimmed | 19,318 | $1M | 0.1% | 2026-Q1 |
| Quantinno Capital Management LP added | 19,202 | $1M | 0.1% | 2026-Q1 |
| RICHARDSON FINANCIAL SERVICES INC. trimmed | 18,651 | $1M | 0.1% | 2026-Q1 |
| Ameritas Advisory Services, LLC trimmed | 15,041 | $1M | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 14,459 | $1M | 0.1% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 12,785 | $978K | 0.0% | 2026-Q1 |
| Inman Jager Wealth Management, LLC trimmed | 12,464 | $954K | 0.0% | 2026-Q1 |
| Wellspring Financial Advisors, LLC added | 11,994 | $918K | 0.0% | 2026-Q1 |
| Tanager Wealth Management LLP | 11,574 | $886K | 0.0% | 2026-Q1 |
| NORTHERN TRUST CORP | 10,565 | $808K | 0.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 10,005 | $765K | 0.0% | 2026-Q1 |
| Element Wealth, LLC added | 9,304 | $712K | 0.0% | 2026-Q1 |
| Yoffe Investment Management, LLC | 9,276 | $710K | 0.0% | 2026-Q1 |
| Selby Wealth Management, LLC added | 9,276 | $710K | 0.0% | 2026-Q1 |
| INVESTED ADVISORS added | 9,049 | $692K | 0.0% | 2026-Q1 |
| BRANDYWINE OAK PRIVATE WEALTH LLC trimmed | 9,027 | $691K | 0.0% | 2026-Q1 |
| FMR LLC added | 8,761 | $670K | 0.0% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 8,758 | $670K | 0.0% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 8,475 | $648K | 0.0% | 2026-Q1 |
| Forum Finance Group S.A. new | 10,417 | $645K | 0.0% | 2026-Q1 |
| SAPIENT CAPITAL LLC | 8,317 | $636K | 0.0% | 2026-Q1 |
| Balefire, LLC added | 8,058 | $617K | 0.0% | 2026-Q1 |
| Caprock Group, LLC | 7,944 | $608K | 0.0% | 2026-Q1 |
| Williams & Novak, LLC trimmed | 7,766 | $607K | 0.0% | 2026-Q1 |
| Concurrent Investment Advisors, LLC | 7,705 | $590K | 0.0% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 7,681 | $588K | 0.0% | 2026-Q1 |
| ORBA Wealth Advisors, L.L.C. trimmed | 7,497 | $574K | 0.0% | 2026-Q1 |
| Municipal Employees' Retirement System of Michigan | 6,404,807 | $399M | 18.2% | 2025-Q1 stale |
| Stonebridge Financial Group, LLC new | 402,749 | $25M | 1.1% | 2025-Q1 stale |
| Blue Edge Capital, LLC added | 129,624 | $9M | 0.4% | 2025-Q4 stale |
| Kingsview Wealth Management, LLC added | 84,537 | $6M | 0.3% | 2025-Q4 stale |
| IFP Advisors, Inc added | 72,710 | $5M | 0.2% | 2025-Q3 stale |
| Perigon Wealth Management, LLC added | 70,763 | $5M | 0.2% | 2025-Q4 stale |
| Financial Gravity Companies, Inc. added | 59,306 | $4M | 0.2% | 2025-Q2 stale |
| FLOW TRADERS U.S. LLC added | 53,851 | $4M | 0.2% | 2025-Q4 stale |
| CITADEL ADVISORS LLC trimmed | 21,910 | $2M | 0.1% | 2025-Q3 stale |
| Redhawk Wealth Advisors, Inc. trimmed | 17,579 | $1M | 0.0% | 2025-Q1 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 11,110 | $813K | 0.0% | 2025-Q4 stale |
| John W. Brooker & Co., CPAs trimmed | 12,317 | $767K | 0.0% | 2025-Q1 stale |
| HRT FINANCIAL LP added | 10,271 | $754K | 0.0% | 2025-Q3 stale |
| Csenge Advisory Group trimmed | 9,073 | $612K | 0.0% | 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.