Who owns IWO
Which tracked institutional funds hold IWO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IWO company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 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 IWO is one-sided between 2026-Q1 and 2026-Q2: 381 added or opened and 63 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
IWO’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 conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in IWO 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 1066 tracked filers holding IWO, 385 increased or opened the position and 434 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 IWO 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 26
- POTOMAC FUND MANAGEMENT INC /ADV$24M
- NewEdge Advisors, LLC$10M
- Modern Wealth Management, LLC$10M
- Trilogy Capital Inc.$9M
- Highland Investment Advisors LLC$8M
- Monument Capital Management$8M
Full exits 36
- Pacific Life Fund Advisors LLC$63M
- HANTZ FINANCIAL SERVICES, INC.$29M
- WoodTrust Financial Corp$25M
- HighTower Advisors, LLC$23M
- D. E. Shaw & Co., Inc.$18M
- AdvisorShares Investments LLC$16M
Largest adds
- BANK OF AMERICA CORP /DE/$283M
- BARINGS LLC$138M
- FMR LLC$97M
- ENVESTNET ASSET MANAGEMENT INC$81M
- GOLDMAN SACHS GROUP INC$80M
- Cassaday & Co Wealth Management LLC$80M
Largest trims
- GTS SECURITIES LLC$13M
- Allworth Financial LP$12M
- SILVERCREST ASSET MANAGEMENT GROUP LLC$8M
- Tower Research Capital LLC (TRC)$8M
- Flaharty Asset Management, LLC$7M
- Kingsview Wealth Management, 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 | 3,483,298 | $1.4B | 13.4% | 2026-Q2 |
| MORGAN STANLEY trimmed | 2,328,293 | $917M | 9.0% | 2026-Q2 |
| BARINGS LLC trimmed | 1,579,950 | $622M | 6.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 1,080,233 | $426M | 4.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 965,896 | $381M | 3.7% | 2026-Q2 |
| Cassaday & Co Wealth Management LLC added | 947,047 | $373M | 3.6% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 704,958 | $278M | 2.7% | 2026-Q2 |
| LPL Financial LLC added | 598,485 | $236M | 2.3% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 592,625 | $233M | 2.3% | 2026-Q2 |
| D.A. DAVIDSON & CO. added | 550,307 | $217M | 2.1% | 2026-Q2 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC trimmed | 546,451 | $215M | 2.1% | 2026-Q2 |
| FMR LLC added | 531,617 | $209M | 2.0% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 513,500 | $202M | 2.0% | 2026-Q2 |
| UBS Group AG trimmed | 511,151 | $201M | 2.0% | 2026-Q2 |
| Cohen Klingenstein LLC trimmed | 484,414 | $191M | 1.9% | 2026-Q2 |
| TIAA Wealth Investment Management LLC added | 468,427 | $183M | 1.8% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 446,583 | $140M | 1.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 433,927 | $171M | 1.7% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 425,316 | $168M | 1.6% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 412,943 | $163M | 1.6% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 397,150 | $155M | 1.5% | 2026-Q2 |
| CITIGROUP INC trimmed | 374,910 | $148M | 1.4% | 2026-Q2 |
| M&T Bank Corp trimmed | 344,603 | $136M | 1.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 340,110 | $134M | 1.3% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 328,945 | $130M | 1.3% | 2026-Q2 |
| Cetera Investment Advisers added | 232,731 | $92M | 0.9% | 2026-Q2 |
| Badgley Phelps Wealth Managers, LLC added | 228,374 | $90M | 0.9% | 2026-Q2 |
| Financial Engines Advisors L.L.C. trimmed | 223,223 | $88M | 0.9% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 219,083 | $86M | 0.8% | 2026-Q2 |
| COMMERCE BANK trimmed | 216,194 | $85M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 197,092 | $78M | 0.8% | 2026-Q2 |
| Creative Planning trimmed | 170,877 | $67M | 0.7% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 161,302 | $64M | 0.6% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 161,029 | $63M | 0.6% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 159,552 | $63M | 0.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 159,500 | $63M | 0.6% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 157,199 | $61M | 0.6% | 2026-Q2 |
| KEYBANK NATIONAL ASSOCIATION/OH trimmed | 143,663 | $57M | 0.6% | 2026-Q2 |
| BROWN ADVISORY INC trimmed | 135,926 | $54M | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 133,779 | $53M | 0.5% | 2026-Q2 |
| Cresset Asset Management, LLC trimmed | 131,388 | $52M | 0.5% | 2026-Q2 |
| Pathstone Holdings, LLC added | 130,483 | $51M | 0.5% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 122,843 | $48M | 0.5% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 121,973 | $47M | 0.5% | 2026-Q2 |
| Clearbridge Investments, LLC added | 116,668 | $46M | 0.4% | 2026-Q2 |
| CHOREO, LLC added | 114,055 | $45M | 0.4% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 112,730 | $44M | 0.4% | 2026-Q2 |
| Focus Partners Wealth added | 112,606 | $44M | 0.4% | 2026-Q2 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | 106,920 | $42M | 0.4% | 2026-Q2 |
| MAI Capital Management added | 103,431 | $41M | 0.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 101,157 | $40M | 0.4% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP added | 87,193 | $34M | 0.3% | 2026-Q2 |
| GENEVA CAPITAL MANAGEMENT LLC added | 86,150 | $34M | 0.3% | 2026-Q2 |
| Cerity Partners LLC added | 81,647 | $32M | 0.3% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 80,572 | $32M | 0.3% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 79,296 | $31M | 0.3% | 2026-Q2 |
| Confluence Wealth Services, Inc. added | 78,858 | $31M | 0.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 78,206 | $31M | 0.3% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 77,728 | $31M | 0.3% | 2026-Q2 |
| STEPHENS GROUP ASSET MANAGEMENT, LLC trimmed | 74,615 | $29M | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 70,478 | $28M | 0.3% | 2026-Q2 |
| VAUGHAN & Co SECURITIES, INC. trimmed | 69,826 | $28M | 0.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 69,634 | $27M | 0.3% | 2026-Q2 |
| DROMS STRAUSS ADVISORS INC /MO/ /ADV trimmed | 67,372 | $27M | 0.3% | 2026-Q2 |
| FIRST HORIZON CORP added | 64,280 | $25M | 0.2% | 2026-Q2 |
| Summit Financial, LLC added | 63,786 | $25M | 0.2% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 62,311 | $24M | 0.2% | 2026-Q2 |
| POTOMAC FUND MANAGEMENT INC /ADV new | 61,560 | $24M | 0.2% | 2026-Q2 |
| Powell Investment Advisors, LLC trimmed | 60,650 | $24M | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 59,901 | $24M | 0.2% | 2026-Q2 |
| Waldron Private Wealth LLC trimmed | 59,303 | $23M | 0.2% | 2026-Q2 |
| FULLER & THALER ASSET MANAGEMENT, INC. trimmed | 58,463 | $23M | 0.2% | 2026-Q2 |
| Mariner, LLC trimmed | 56,396 | $22M | 0.2% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. trimmed | 53,700 | $21M | 0.2% | 2026-Q2 |
| Baird Financial Group, Inc. added | 52,508 | $21M | 0.2% | 2026-Q2 |
| Avantax Planning Partners, Inc. trimmed | 51,994 | $20M | 0.2% | 2026-Q2 |
| AMG National Trust Bank trimmed | 51,759 | $20M | 0.2% | 2026-Q2 |
| BARCLAYS PLC added | 51,002 | $20M | 0.2% | 2026-Q2 |
| COURIER CAPITAL LLC added | 49,719 | $20M | 0.2% | 2026-Q2 |
| Wealthspire Advisors, LLC trimmed | 48,319 | $19M | 0.2% | 2026-Q2 |
| LMG Wealth Partners, LLC added | 47,501 | $19M | 0.2% | 2026-Q2 |
| AXIOM INVESTORS LLC /DE added | 46,400 | $18M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 46,291 | $18M | 0.2% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 45,510 | $18M | 0.2% | 2026-Q2 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed | 45,212 | $18M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 42,676 | $17M | 0.2% | 2026-Q2 |
| TOBIAS FINANCIAL ADVISORS, INC. added | 42,656 | $17M | 0.2% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL added | 41,456 | $16M | 0.2% | 2026-Q2 |
| WHITTIER TRUST CO OF NEVADA INC trimmed | 39,839 | $15M | 0.2% | 2026-Q2 |
| RTD Financial Advisors, Inc. trimmed | 39,530 | $16M | 0.2% | 2026-Q2 |
| BlackRock, Inc. trimmed | 39,455 | $16M | 0.2% | 2026-Q2 |
| Pinnacle Financial Partners, Inc. added | 39,437 | $16M | 0.2% | 2026-Q2 |
| Quent Capital, LLC added | 38,920 | $15M | 0.1% | 2026-Q2 |
| Hillcrest Wealth Advisors - NY, LLC trimmed | 38,392 | $15M | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 37,162 | $15M | 0.1% | 2026-Q2 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC trimmed | 37,120 | $15M | 0.1% | 2026-Q2 |
| Waverly Advisors, LLC trimmed | 37,077 | $15M | 0.1% | 2026-Q2 |
| ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ added | 36,502 | $14M | 0.1% | 2026-Q2 |
| Shepherd Financial Partners LLC trimmed | 35,669 | $14M | 0.1% | 2026-Q2 |
| Corundum Group, Inc. trimmed | 34,722 | $14M | 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.