Who owns LEO (LEO)
Which tracked institutional funds hold LEO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LEO 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
11 tracked funds added or opened LEO while 14 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
LEO’s largest tracked holder by dollar value, Saba Capital Management, L.P., sizes it at 1.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in LEO 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 96 tracked filers holding LEO, 36 increased or opened the position and 40 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 LEO 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
- Fiera Capital Corp$1M
- TORONTO DOMINION BANK$765K
- Clear Point Advisors Inc.$571K
- Summit Trail Advisors, LLC$522K
Full exits 5
- Verition Fund Management LLC$1M
- Matisse Capital$750K
- Thomas J. Herzfeld Advisors, Inc.$600K
- JANE STREET GROUP, LLC$526K
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$505K
Largest adds
- SIT INVESTMENT ASSOCIATES INC$5M
- Hennion & Walsh Asset Management, Inc.$3M
- Altium Capital Management LLC$1M
- Advisors Asset Management, Inc.$916K
- Bulldog Investors, LLP$499K
- VAN ECK ASSOCIATES CORP$394K
Largest trims
- MORGAN STANLEY$2M
- GUGGENHEIM CAPITAL LLC$2M
- RIVERNORTH CAPITAL MANAGEMENT, LLC$1M
- Professional Financial Management, Inc.$888K
- Pathstone Holdings, LLC$530K
- Gridiron Partners, LLC$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 |
|---|---|---|---|---|
| Saba Capital Management, L.P. | 6,076,820 | $38M | 20.2% | 2026-Q1 |
| Pathstone Holdings, LLC trimmed | 3,743,950 | $24M | 12.5% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 1,985,192 | $12M | 6.6% | 2026-Q1 |
| SIT INVESTMENT ASSOCIATES INC added | 1,918,882 | $12M | 6.4% | 2026-Q1 |
| Bulldog Investors, LLP added | 1,576,371 | $10M | 5.2% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC trimmed | 1,294,233 | $8M | 4.3% | 2026-Q1 |
| Advisors Asset Management, Inc. added | 1,142,845 | $7M | 3.8% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,002,643 | $6M | 3.3% | 2026-Q1 |
| ROBINSON CAPITAL MANAGEMENT, LLC added | 877,072 | $6M | 2.9% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. added | 798,274 | $5M | 2.7% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 579,935 | $4M | 1.9% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 527,746 | $3M | 1.8% | 2026-Q1 |
| Altium Capital Management LLC added | 438,676 | $3M | 1.5% | 2026-Q1 |
| CAPSTONE INVESTMENT ADVISORS, LLC | 379,865 | $2M | 1.3% | 2026-Q1 |
| Capital Investment Advisors, LLC trimmed | 379,299 | $2M | 1.3% | 2026-Q1 |
| RIVERBRIDGE PARTNERS LLC added | 358,313 | $2M | 1.2% | 2026-Q1 |
| Gridiron Partners, LLC trimmed | 340,762 | $2M | 1.1% | 2026-Q1 |
| WHITEBOX ADVISORS LLC | 305,421 | $2M | 1.0% | 2026-Q1 |
| COHEN & STEERS, INC. trimmed | 298,400 | $2M | 1.0% | 2026-Q1 |
| MORGAN STANLEY trimmed | 279,389 | $2M | 0.9% | 2026-Q1 |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 270,829 | $2M | 0.9% | 2026-Q1 |
| Invesco Ltd. added | 248,561 | $2M | 0.8% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 225,896 | $1M | 0.8% | 2026-Q1 |
| Professional Financial Management, Inc. trimmed | 219,485 | $1M | 0.7% | 2026-Q1 |
| 1607 Capital Partners, LLC | 206,145 | $1M | 0.7% | 2026-Q1 |
| Almitas Capital LLC | 197,096 | $1M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp added | 196,252 | $1M | 0.7% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 193,285 | $1M | 0.6% | 2026-Q1 |
| LORD, ABBETT & CO. LLC added | 183,547 | $1M | 0.6% | 2026-Q1 |
| Fiera Capital Corp new | 170,221 | $1M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 162,622 | $1M | 0.5% | 2026-Q1 |
| LPL Financial LLC trimmed | 161,364 | $1M | 0.5% | 2026-Q1 |
| &PARTNERS added | 157,399 | $990K | 0.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 152,209 | $957K | 0.5% | 2026-Q1 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC trimmed | 126,210 | $794K | 0.4% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 121,630 | $765K | 0.4% | 2026-Q1 |
| Traub Capital Management LLC | 119,038 | $749K | 0.4% | 2026-Q1 |
| Ackerman Capital Advisors, LLC trimmed | 113,340 | $713K | 0.4% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. trimmed | 104,718 | $659K | 0.3% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. trimmed | 93,805 | $590K | 0.3% | 2026-Q1 |
| Clear Point Advisors Inc. new | 4,571 | $571K | 0.3% | 2026-Q1 |
| Summit Trail Advisors, LLC new | 83,059 | $522K | 0.3% | 2026-Q1 |
| Petersen Hastings Wealth Advisors Inc. | 80,605 | $507K | 0.3% | 2026-Q1 |
| 180 WEALTH ADVISORS, LLC trimmed | 63,181 | $397K | 0.2% | 2026-Q1 |
| MELFA WEALTH MANAGEMENT, INC. added | 60,323 | $379K | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 60,252 | $379K | 0.2% | 2026-Q1 |
| Creative Planning added | 56,233 | $354K | 0.2% | 2026-Q1 |
| Daner Wealth Management, LLC | 51,900 | $332K | 0.2% | 2026-Q1 |
| Nuveen, LLC | 51,503 | $324K | 0.2% | 2026-Q1 |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 43,383 | $273K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 35,959 | $226K | 0.1% | 2026-Q1 |
| WealthBridge Capital Management, LLC | 35,257 | $222K | 0.1% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 33,290 | $209K | 0.1% | 2026-Q1 |
| Merit Financial Group, LLC added | 29,526 | $186K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 29,038 | $183K | 0.1% | 2026-Q1 |
| Fortitude Advisory Group L.L.C. | 27,876 | $175K | 0.1% | 2026-Q1 |
| Novak & Powell Financial Services, Inc. added | 26,857 | $169K | 0.1% | 2026-Q1 |
| EVOLVE PRIVATE WEALTH, LLC added | 26,178 | $165K | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. | 25,000 | $157K | 0.1% | 2026-Q1 |
| Spire Wealth Management | 24,908 | $157K | 0.1% | 2026-Q1 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | 24,174 | $152K | 0.1% | 2026-Q1 |
| Thoma Capital Management LLC added | 22,973 | $145K | 0.1% | 2026-Q1 |
| Noble Wealth Management PBC trimmed | 22,956 | $144K | 0.1% | 2026-Q1 |
| WEDBUSH SECURITIES INC | 22,389 | $141K | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC | 22,273 | $140K | 0.1% | 2026-Q1 |
| Independent Advisor Alliance trimmed | 20,674 | $130K | 0.1% | 2026-Q1 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV | 20,200 | $127K | 0.1% | 2026-Q1 |
| NOMURA HOLDINGS INC trimmed | 20,000 | $126K | 0.1% | 2026-Q1 |
| MAI Capital Management | 19,444 | $122K | 0.1% | 2026-Q1 |
| Mariner, LLC trimmed | 18,849 | $119K | 0.1% | 2026-Q1 |
| Curi Capital, LLC trimmed | 18,000 | $113K | 0.1% | 2026-Q1 |
| Summit Financial, LLC added | 17,839 | $112K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 17,788 | $112K | 0.1% | 2026-Q1 |
| Cetera Investment Advisers added | 14,684 | $92K | 0.0% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 14,419 | $91K | 0.0% | 2026-Q1 |
| WealthTrust Axiom LLC | 13,000 | $82K | 0.0% | 2026-Q1 |
| Confluence Wealth Services, Inc. | 12,500 | $79K | 0.0% | 2026-Q1 |
| BOKF, NA | 12,295 | $77K | 0.0% | 2026-Q1 |
| HOLLENCREST CAPITAL MANAGEMENT | 11,994 | $75K | 0.0% | 2026-Q1 |
| Verition Fund Management LLC trimmed | 218,601 | $1M | 0.7% | 2025-Q4 stale |
| Matisse Capital trimmed | 117,935 | $750K | 0.4% | 2025-Q4 stale |
| Thomas J. Herzfeld Advisors, Inc. added | 94,265 | $600K | 0.3% | 2025-Q4 stale |
| JANE STREET GROUP, LLC added | 82,760 | $526K | 0.3% | 2025-Q4 stale |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 17,511 | $505K | 0.3% | 2025-Q4 stale |
| Logan Stone Capital, LLC trimmed | 66,020 | $420K | 0.2% | 2025-Q4 stale |
| Arkos Global Advisors trimmed | 45,627 | $290K | 0.2% | 2025-Q4 stale |
| Williams Jones Wealth Management, LLC. new | 43,037 | $269K | 0.1% | 2025-Q3 stale |
| AQR Arbitrage LLC trimmed | 42,438 | $251K | 0.1% | 2025-Q2 stale |
| Lee Financial Co added | 38,206 | $240K | 0.1% | 2025-Q3 stale |
| ROTHSCHILD INVESTMENT LLC | 40,000 | $237K | 0.1% | 2025-Q2 stale |
| Avior Wealth Management, LLC added | 32,493 | $199K | 0.1% | 2025-Q1 stale |
| ROYAL BANK OF CANADA trimmed | 26,738 | $170K | 0.1% | 2025-Q4 stale |
| NOVUS ADVISORS, LLC | 23,900 | $146K | 0.1% | 2025-Q1 stale |
| Virtu Financial LLC trimmed | 14,995 | $89K | 0.0% | 2025-Q2 stale |
| Cornerstone Advisory, LLC trimmed | 13,766 | $86K | 0.0% | 2025-Q3 stale |
| Koshinski Asset Management, Inc. new | 14,516 | $86K | 0.0% | 2025-Q2 stale |
| Advisor OS, LLC new | 14,516 | $86K | 0.0% | 2025-Q2 stale |
| Prospera Financial Services Inc added | 13,504 | $84K | 0.0% | 2025-Q3 stale |
| CITADEL ADVISORS LLC trimmed | 12,192 | $78K | 0.0% | 2025-Q4 stale |
| KESTRA PRIVATE WEALTH SERVICES, LLC | 11,100 | $69K | 0.0% | 2025-Q3 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.