Who owns IWN
Which tracked institutional funds hold IWN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IWN company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-18). 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 IWN is one-sided between 2026-Q1 and 2026-Q2: 302 added or opened and 80 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
IWN’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes IWN more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in IWN 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 2026-Q1 and 2026-Q2, across 1037 tracked filers holding IWN, 393 increased or opened the position and 445 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 IWN between the 2026-Q1 and 2026-Q2 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 25
- Jupiter Topco LLC$28M
- Hilltop Partners LLC$18M
- NewEdge Advisors, LLC$14M
- NOMURA ASSET MANAGEMENT INTERNATIONAL INC.$9M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$7M
- Strategic Financial Partners, Ltd.$5M
Full exits 40
- Betterment LLC$128M
- Pacific Life Fund Advisors LLC$81M
- NATIXIS ADVISORS, LLC$38M
- WoodTrust Financial Corp$27M
- HighTower Advisors, LLC$25M
- JANUS HENDERSON GROUP PLC$21M
Largest adds
- BANK OF AMERICA CORP /DE/$207M
- MORGAN STANLEY$111M
- BAILARD, INC.$95M
- M&T Bank Corp$72M
- ENVESTNET ASSET MANAGEMENT INC$66M
- LPL Financial LLC$57M
Largest trims
- Jasper Ridge Partners, L.P.$46M
- VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.$16M
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC$13M
- TWO SIGMA INVESTMENTS, LP$13M
- Allworth Financial LP$11M
- GTS SECURITIES LLC$7M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ added | 6,186,337 | $1.4B | 15.8% | 2026-Q2 |
| MORGAN STANLEY trimmed | 4,238,800 | $938M | 10.8% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 2,138,426 | $473M | 5.5% | 2026-Q2 |
| TIAA Wealth Investment Management LLC trimmed | 1,495,599 | $331M | 3.8% | 2026-Q2 |
| D.A. DAVIDSON & CO. added | 1,281,525 | $283M | 3.3% | 2026-Q2 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC added | 1,218,672 | $270M | 3.1% | 2026-Q2 |
| M&T Bank Corp added | 1,198,061 | $265M | 3.1% | 2026-Q2 |
| LPL Financial LLC added | 1,166,269 | $258M | 3.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 1,090,896 | $241M | 2.8% | 2026-Q2 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. trimmed | 876,999 | $194M | 2.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 866,095 | $192M | 2.2% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 862,739 | $191M | 2.2% | 2026-Q2 |
| UBS Group AG trimmed | 766,604 | $170M | 2.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 756,672 | $167M | 1.9% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 696,081 | $154M | 1.8% | 2026-Q2 |
| Cassaday & Co Wealth Management LLC added | 654,442 | $145M | 1.7% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 599,858 | $133M | 1.5% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 490,973 | $109M | 1.3% | 2026-Q2 |
| BAILARD, INC. added | 485,652 | $107M | 1.2% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 454,981 | $101M | 1.2% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 433,434 | $96M | 1.1% | 2026-Q2 |
| Pathstone Holdings, LLC trimmed | 406,524 | $90M | 1.0% | 2026-Q2 |
| Badgley Phelps Wealth Managers, LLC added | 397,941 | $88M | 1.0% | 2026-Q2 |
| Focus Partners Wealth trimmed | 329,024 | $73M | 0.8% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP added | 325,490 | $72M | 0.8% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 316,264 | $70M | 0.8% | 2026-Q2 |
| COMMERCE BANK trimmed | 310,507 | $69M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 278,097 | $62M | 0.7% | 2026-Q2 |
| Cetera Investment Advisers added | 258,987 | $57M | 0.7% | 2026-Q2 |
| MAI Capital Management added | 257,908 | $57M | 0.7% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 251,170 | $56M | 0.6% | 2026-Q2 |
| CHOREO, LLC trimmed | 243,333 | $54M | 0.6% | 2026-Q2 |
| WHITTIER TRUST CO added | 240,327 | $53M | 0.6% | 2026-Q2 |
| STEPHENS GROUP ASSET MANAGEMENT, LLC trimmed | 233,866 | $52M | 0.6% | 2026-Q2 |
| AMG National Trust Bank trimmed | 233,018 | $52M | 0.6% | 2026-Q2 |
| Comprehensive Financial Management LLC | 230,481 | $51M | 0.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 219,517 | $49M | 0.6% | 2026-Q2 |
| BROWN ADVISORY INC trimmed | 206,035 | $46M | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 197,501 | $44M | 0.5% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC trimmed | 188,771 | $42M | 0.5% | 2026-Q2 |
| FMR LLC added | 185,568 | $41M | 0.5% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 177,121 | $39M | 0.5% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 176,936 | $39M | 0.4% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 175,233 | $39M | 0.4% | 2026-Q2 |
| Waldron Private Wealth LLC trimmed | 162,783 | $36M | 0.4% | 2026-Q2 |
| Mariner, LLC trimmed | 158,339 | $35M | 0.4% | 2026-Q2 |
| Arax Advisory Partners added | 155,456 | $34M | 0.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 151,968 | $34M | 0.4% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 151,230 | $33M | 0.4% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 150,704 | $33M | 0.4% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 147,412 | $33M | 0.4% | 2026-Q2 |
| Pure Financial Advisors, LLC trimmed | 147,065 | $33M | 0.4% | 2026-Q2 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC trimmed | 141,743 | $31M | 0.4% | 2026-Q2 |
| JOHNSON INVESTMENT COUNSEL INC trimmed | 132,012 | $29M | 0.3% | 2026-Q2 |
| WHITTIER TRUST CO OF NEVADA INC added | 131,921 | $29M | 0.3% | 2026-Q2 |
| COURIER CAPITAL LLC trimmed | 130,333 | $29M | 0.3% | 2026-Q2 |
| Modera Wealth Management, LLC trimmed | 130,222 | $29M | 0.3% | 2026-Q2 |
| Jupiter Topco LLC new | 125,708 | $28M | 0.3% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 124,455 | $28M | 0.3% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 121,763 | $27M | 0.3% | 2026-Q2 |
| Corient Private Wealth LP added | 120,057 | $27M | 0.3% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 117,434 | $26M | 0.3% | 2026-Q2 |
| Powell Investment Advisors, LLC trimmed | 115,249 | $25M | 0.3% | 2026-Q2 |
| BlackRock, Inc. trimmed | 113,932 | $25M | 0.3% | 2026-Q2 |
| Cerity Partners LLC added | 106,257 | $24M | 0.3% | 2026-Q2 |
| Zhang Financial LLC trimmed | 97,906 | $22M | 0.2% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 96,000 | $21M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 93,167 | $18M | 0.2% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 92,482 | $20M | 0.2% | 2026-Q2 |
| Pinnacle Financial Partners, Inc. trimmed | 92,369 | $20M | 0.2% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 90,894 | $20M | 0.2% | 2026-Q2 |
| Creative Planning added | 90,616 | $20M | 0.2% | 2026-Q2 |
| Savant Capital, LLC added | 87,713 | $19M | 0.2% | 2026-Q2 |
| Fiduciary Trust Co trimmed | 87,471 | $19M | 0.2% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 85,664 | $19M | 0.2% | 2026-Q2 |
| Hilltop Partners LLC new | 83,327 | $18M | 0.2% | 2026-Q2 |
| ASPIRIANT, LLC trimmed | 79,419 | $18M | 0.2% | 2026-Q2 |
| Waverly Advisors, LLC trimmed | 78,706 | $17M | 0.2% | 2026-Q2 |
| ARIEL INVESTMENTS, LLC added | 76,697 | $17M | 0.2% | 2026-Q2 |
| Wealthspire Advisors, LLC added | 76,439 | $17M | 0.2% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 75,271 | $17M | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 75,085 | $17M | 0.2% | 2026-Q2 |
| Strategic Equity Management added | 73,135 | $16M | 0.2% | 2026-Q2 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed | 71,760 | $16M | 0.2% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 70,287 | $16M | 0.2% | 2026-Q2 |
| Hillcrest Wealth Advisors - NY, LLC trimmed | 70,047 | $15M | 0.2% | 2026-Q2 |
| Jasper Ridge Partners, L.P. trimmed | 66,631 | $15M | 0.2% | 2026-Q2 |
| TIAA TRUST, NATIONAL ASSOCIATION trimmed | 66,250 | $15M | 0.2% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 65,608 | $15M | 0.2% | 2026-Q2 |
| Cresset Asset Management, LLC added | 65,424 | $14M | 0.2% | 2026-Q2 |
| STEPHENS INC /AR/ added | 61,531 | $14M | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC added | 61,284 | $14M | 0.2% | 2026-Q2 |
| SONATA CAPITAL GROUP INC trimmed | 60,479 | $13M | 0.2% | 2026-Q2 |
| HARBOR INVESTMENT ADVISORY, LLC added | 60,119 | $13M | 0.2% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC added | 58,237 | $13M | 0.1% | 2026-Q2 |
| Leeward Investments, LLC - MA added | 58,194 | $13M | 0.1% | 2026-Q2 |
| FIRST HORIZON CORP trimmed | 57,924 | $13M | 0.1% | 2026-Q2 |
| SHAPIRO CAPITAL MANAGEMENT LLC trimmed | 57,200 | $13M | 0.1% | 2026-Q2 |
| Allworth Financial LP trimmed | 57,125 | $13M | 0.1% | 2026-Q2 |
| KEYBANK NATIONAL ASSOCIATION/OH added | 56,104 | $12M | 0.1% | 2026-Q2 |
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.