Who owns LMBS
Which tracked institutional funds hold LMBS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LMBS 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
116 tracked funds added or opened LMBS while 69 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
LMBS’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.2pp gap the other way — the median holder sizes LMBS more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in LMBS 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 442 tracked filers holding LMBS, 252 increased or opened the position and 199 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 LMBS 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 18
- AXXCESS WEALTH MANAGEMENT, LLC$11M
- CITADEL ADVISORS LLC$7M
- VAQUERO PRIVATE WEALTH, LTD$7M
- Kirkwood Financial Services$6M
- Indivisible Partners$6M
- COMPASS FINANCIAL MANAGEMENT LLC$4M
Full exits 23
- HighTower Advisors, LLC$93M
- Cambridge Investment Research Advisors, Inc.$37M
- CWM, LLC$24M
- Obermeyer Wealth Partners$15M
- MERCER GLOBAL ADVISORS INC /ADV$13M
- Janney Montgomery Scott LLC$9M
Largest adds
- LPL Financial LLC$70M
- MORGAN STANLEY$19M
- Integrated Wealth Concepts LLC$19M
- FIRST TRUST ADVISORS LP$15M
- UBS Group AG$11M
- Certified Advisory Corp$11M
Largest trims
- Independent Advisor Alliance$12M
- Commonwealth Financial Services, LLC$12M
- Concurrent Investment Advisors, LLC$5M
- Gateway Wealth Partners, LLC$5M
- WELLS FARGO & COMPANY/MN$4M
- Centennial Wealth Advisory LLC$4M
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 15,749,351 | $784M | 17.7% | 2026-Q2 |
| LPL Financial LLC added | 13,749,810 | $684M | 15.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 5,707,317 | $284M | 6.4% | 2026-Q2 |
| UBS Group AG added | 4,963,253 | $247M | 5.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 4,275,132 | $213M | 4.8% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 3,358,268 | $167M | 3.8% | 2026-Q2 |
| Cetera Investment Advisers added | 2,737,725 | $136M | 3.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,030,760 | $101M | 2.3% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 1,820,529 | $91M | 2.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,533,711 | $76M | 1.7% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 1,351,222 | $67M | 1.5% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 1,315,350 | $65M | 1.5% | 2026-Q2 |
| Berger Financial Group, Inc added | 1,139,455 | $57M | 1.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,019,474 | $51M | 1.1% | 2026-Q2 |
| Clearwater Capital Advisors, LLC added | 952,240 | $47M | 1.1% | 2026-Q2 |
| Harvest Investment Services, LLC added | 902,106 | $45M | 1.0% | 2026-Q2 |
| Csenge Advisory Group added | 901,794 | $45M | 1.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 823,390 | $41M | 0.9% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 799,678 | $40M | 0.9% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 762,206 | $38M | 0.9% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 718,902 | $36M | 0.8% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 678,374 | $34M | 0.8% | 2026-Q2 |
| ASSETMARK, INC trimmed | 643,298 | $32M | 0.7% | 2026-Q2 |
| Aaron Wealth Advisors LLC added | 619,993 | $31M | 0.7% | 2026-Q2 |
| Trilogy Capital Inc. added | 574,767 | $29M | 0.6% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 569,240 | $28M | 0.6% | 2026-Q2 |
| Heck Capital Advisors, LLC added | 559,940 | $28M | 0.6% | 2026-Q2 |
| Prospera Financial Services Inc trimmed | 524,477 | $26M | 0.6% | 2026-Q2 |
| &PARTNERS added | 521,063 | $26M | 0.6% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. added | 482,534 | $24M | 0.5% | 2026-Q2 |
| Walkner Condon Financial Advisors LLC added | 471,806 | $23M | 0.5% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 469,054 | $23M | 0.5% | 2026-Q2 |
| W1M Asset Management Ltd added | 455,785 | $23M | 0.5% | 2026-Q2 |
| Brookstone Capital Management trimmed | 448,829 | $22M | 0.5% | 2026-Q2 |
| Cerity Partners LLC trimmed | 423,154 | $21M | 0.5% | 2026-Q2 |
| SEARCY FINANCIAL SERVICES INC /ADV trimmed | 421,868 | $21M | 0.5% | 2026-Q2 |
| INSPIRION WEALTH ADVISORS, LLC added | 420,465 | $21M | 0.5% | 2026-Q2 |
| NewEdge Advisors, LLC added | 403,638 | $20M | 0.5% | 2026-Q2 |
| Carrera Capital Advisors added | 373,946 | $19M | 0.4% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 352,904 | $18M | 0.4% | 2026-Q2 |
| TL Private Wealth added | 351,110 | $17M | 0.4% | 2026-Q2 |
| TD Capital Management LLC added | 346,384 | $17M | 0.4% | 2026-Q2 |
| American Financial Advisors, LLC trimmed | 341,860 | $17M | 0.4% | 2026-Q2 |
| Fairvoy Private Wealth, LLC added | 336,370 | $17M | 0.4% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 332,148 | $17M | 0.4% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 327,531 | $16M | 0.4% | 2026-Q2 |
| Prism Advisors, Inc. added | 316,571 | $16M | 0.4% | 2026-Q2 |
| Clear Creek Financial Management, LLC trimmed | 313,206 | $16M | 0.4% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 305,911 | $15M | 0.3% | 2026-Q2 |
| CLIFFORD SWAN INVESTMENT COUNSEL LLC added | 303,619 | $15M | 0.3% | 2026-Q2 |
| Secure Asset Management, LLC added | 296,908 | $15M | 0.3% | 2026-Q2 |
| Carter Financial, LLC added | 271,854 | $14M | 0.3% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 270,349 | $13M | 0.3% | 2026-Q2 |
| Weitzel Financial Services, Inc. added | 267,156 | $13M | 0.3% | 2026-Q2 |
| Per Stirling Capital Management, LLC. added | 261,396 | $13M | 0.3% | 2026-Q2 |
| Redhawk Wealth Advisors, Inc. added | 260,632 | $13M | 0.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 258,857 | $13M | 0.3% | 2026-Q2 |
| ADAMSBROWN WEALTH CONSULTANTS LLC added | 258,802 | $13M | 0.3% | 2026-Q2 |
| ELEVATION POINT WEALTH PARTNERS, LLC added | 253,730 | $13M | 0.3% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 244,622 | $12M | 0.3% | 2026-Q2 |
| Foundations Investment Advisors, LLC added | 242,146 | $12M | 0.3% | 2026-Q2 |
| Geneos Wealth Management Inc. added | 239,372 | $12M | 0.3% | 2026-Q2 |
| PFS Partners, LLC added | 236,514 | $12M | 0.3% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC trimmed | 230,934 | $11M | 0.3% | 2026-Q2 |
| WESBANCO BANK INC added | 225,332 | $11M | 0.3% | 2026-Q2 |
| Ashton Thomas Private Wealth, LLC added | 221,517 | $11M | 0.2% | 2026-Q2 |
| Certified Advisory Corp added | 219,609 | $11M | 0.2% | 2026-Q2 |
| Grove Bank & Trust added | 219,414 | $11M | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 217,699 | $11M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 215,629 | $11M | 0.2% | 2026-Q2 |
| Ameritas Investment Partners, Inc. added | 215,502 | $11M | 0.2% | 2026-Q2 |
| D.A. DAVIDSON & CO. added | 208,620 | $10M | 0.2% | 2026-Q2 |
| Petix & Botte Co added | 207,621 | $10M | 0.2% | 2026-Q2 |
| Mainsail Financial Group, LLC added | 200,002 | $10M | 0.2% | 2026-Q2 |
| LexAurum Advisors, LLC added | 193,250 | $10M | 0.2% | 2026-Q2 |
| Darwin Wealth Management, LLC added | 192,500 | $10M | 0.2% | 2026-Q2 |
| TCP Asset Management, LLC added | 188,811 | $9M | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 185,519 | $9M | 0.2% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 183,745 | $9M | 0.2% | 2026-Q2 |
| BELLEVUE ASSET MANAGEMENT, LLC trimmed | 179,754 | $9M | 0.2% | 2026-Q2 |
| Centennial Wealth Advisory LLC trimmed | 175,229 | $9M | 0.2% | 2026-Q2 |
| Wealth Enhancement Trust Services, Inc. trimmed | 174,797 | $9M | 0.2% | 2026-Q2 |
| Arax Advisory Partners added | 173,123 | $9M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 169,635 | $8M | 0.2% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 165,085 | $8M | 0.2% | 2026-Q2 |
| STEPHENS INC /AR/ added | 163,049 | $8M | 0.2% | 2026-Q2 |
| EdgeRock Capital LLC added | 150,044 | $7M | 0.2% | 2026-Q2 |
| IMA Advisory Services, Inc. added | 149,848 | $7M | 0.2% | 2026-Q2 |
| MRA Advisory Group added | 148,202 | $7M | 0.2% | 2026-Q2 |
| Fairway Financial, LLC added | 145,852 | $7M | 0.2% | 2026-Q2 |
| Mutual Advisors, LLC trimmed | 143,639 | $7M | 0.2% | 2026-Q2 |
| Snowden Capital Advisors LLC added | 141,131 | $7M | 0.2% | 2026-Q2 |
| RFG Advisory, LLC added | 139,646 | $7M | 0.2% | 2026-Q2 |
| MGO ONE SEVEN LLC trimmed | 139,177 | $7M | 0.2% | 2026-Q2 |
| Lunt Capital Management, Inc. trimmed | 137,684 | $7M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 137,190 | $7M | 0.2% | 2026-Q2 |
| GENESIS PRIVATE WEALTH, LLC added | 135,807 | $7M | 0.2% | 2026-Q2 |
| Triumph Capital Management trimmed | 135,124 | $7M | 0.2% | 2026-Q2 |
| VAQUERO PRIVATE WEALTH, LTD new | 133,458 | $7M | 0.1% | 2026-Q2 |
| Summit Financial, LLC added | 132,127 | $7M | 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.