Who owns MFM
Which tracked institutional funds hold MFM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MFM company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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 MFM is one-sided between 2026-Q1 and 2026-Q2: 28 added or opened and 5 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
MFM’s largest tracked holder by dollar value, Pathstone Holdings, LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in MFM 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, we do not read how tracked institutions changed their MFM positions: many holders could not be matched across the two filings, most often because the security’s identifier changed and our mapping is incomplete, or because funds are still filing for the newer quarter. 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 MFM 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 5
- Almitas Capital LLC$5M
- COMMONWEALTH EQUITY SERVICES, LLC$3M
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$2M
- Bulldog Investors, LLP$1M
- Lido Advisors, LLC$519K
Full exits 3
- COHEN & STEERS, INC.$916K
- Private Advisor Group, LLC$817K
- Cambridge Investment Research Advisors, Inc.$573K
Largest adds
- ROBINSON CAPITAL MANAGEMENT, LLC$5M
- Pathstone Holdings, LLC$4M
- Saba Capital Management, L.P.$4M
- RIVERNORTH CAPITAL MANAGEMENT, LLC$4M
- BANK OF AMERICA CORP /DE/$4M
- UBS Group AG$3M
Largest trims
- Logan Stone Capital, LLC$339K
- Steward Partners Investment Advisory, LLC$261K
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 |
|---|---|---|---|---|
| Pathstone Holdings, LLC added | 5,415,646 | $30M | 19.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,173,502 | $12M | 7.8% | 2026-Q2 |
| UBS Group AG added | 1,821,270 | $10M | 6.6% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC added | 1,509,877 | $8M | 5.4% | 2026-Q2 |
| Advisors Asset Management, Inc. trimmed | 1,212,792 | $7M | 4.4% | 2026-Q2 |
| ROBINSON CAPITAL MANAGEMENT, LLC added | 1,076,957 | $6M | 3.9% | 2026-Q2 |
| Hennion & Walsh Asset Management, Inc. added | 1,024,569 | $6M | 3.7% | 2026-Q2 |
| Saba Capital Management, L.P. added | 1,023,943 | $6M | 3.7% | 2026-Q2 |
| Almitas Capital LLC added | 878,531 | $5M | 3.2% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 845,307 | $5M | 3.0% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 728,998 | $4M | 2.6% | 2026-Q2 |
| WHITEBOX ADVISORS LLC added | 575,062 | $3M | 2.1% | 2026-Q2 |
| MORGAN STANLEY added | 566,526 | $3M | 2.0% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. added | 466,837 | $3M | 1.7% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 460,275 | $3M | 1.7% | 2026-Q2 |
| Invesco Ltd. added | 455,662 | $3M | 1.6% | 2026-Q2 |
| Summit Financial, LLC added | 449,141 | $3M | 1.6% | 2026-Q2 |
| MELFA WEALTH MANAGEMENT, INC. added | 431,579 | $2M | 1.6% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 398,602 | $2M | 1.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 362,000 | $2M | 1.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 350,691 | $2M | 1.3% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 345,429 | $2M | 1.2% | 2026-Q2 |
| MacKay Shields LLC added | 333,822 | $2M | 1.2% | 2026-Q2 |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD new | 324,887 | $2M | 1.2% | 2026-Q2 |
| NewEdge Advisors, LLC added | 320,314 | $2M | 1.2% | 2026-Q2 |
| Logan Stone Capital, LLC trimmed | 256,998 | $1M | 0.9% | 2026-Q2 |
| RIVERBRIDGE PARTNERS LLC added | 247,902 | $1M | 0.9% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 235,722 | $1M | 0.9% | 2026-Q2 |
| Bulldog Investors, LLP new | 230,382 | $1M | 0.8% | 2026-Q2 |
| BALANCED WEALTH GROUP LLC added | 197,774 | $1M | 0.7% | 2026-Q2 |
| Capital Investment Advisors, LLC added | 192,571 | $1M | 0.7% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 152,647 | $858K | 0.6% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 149,453 | $840K | 0.5% | 2026-Q2 |
| LPL Financial LLC added | 143,472 | $806K | 0.5% | 2026-Q2 |
| Bridgewater Advisors Inc. | 127,250 | $683K | 0.4% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 114,290 | $642K | 0.4% | 2026-Q2 |
| Creative Planning trimmed | 110,699 | $622K | 0.4% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added | 108,566 | $610K | 0.4% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 99,726 | $560K | 0.4% | 2026-Q2 |
| Lido Advisors, LLC new | 92,341 | $519K | 0.3% | 2026-Q2 |
| ROTHSCHILD INVESTMENT LLC added | 86,372 | $485K | 0.3% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS new | 72,105 | $405K | 0.3% | 2026-Q2 |
| Tyche Wealth Partners LLC trimmed | 70,307 | $395K | 0.3% | 2026-Q2 |
| Cetera Investment Advisers added | 64,185 | $361K | 0.2% | 2026-Q2 |
| Equitable Holdings, Inc. added | 62,728 | $353K | 0.2% | 2026-Q2 |
| Matisse Capital added | 57,056 | $321K | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC new | 51,447 | $289K | 0.2% | 2026-Q2 |
| Novak & Powell Financial Services, Inc. new | 45,630 | $256K | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 45,238 | $254K | 0.2% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 44,955 | $253K | 0.2% | 2026-Q2 |
| Aviance Capital Partners, LLC trimmed | 44,535 | $250K | 0.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP new | 44,335 | $249K | 0.2% | 2026-Q2 |
| Focus Partners Wealth new | 43,758 | $246K | 0.2% | 2026-Q2 |
| Mutual Advisors, LLC new | 42,467 | $239K | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 41,345 | $232K | 0.1% | 2026-Q2 |
| &PARTNERS added | 40,583 | $228K | 0.1% | 2026-Q2 |
| Ackerman Capital Advisors, LLC trimmed | 39,535 | $222K | 0.1% | 2026-Q2 |
| Noble Wealth Management PBC added | 36,760 | $207K | 0.1% | 2026-Q2 |
| READYSTATE ASSET MANAGEMENT LP added | 31,676 | $178K | 0.1% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 30,606 | $172K | 0.1% | 2026-Q2 |
| Fortis Capital Advisors, LLC new | 29,244 | $164K | 0.1% | 2026-Q2 |
| Belpointe Asset Management LLC new | 29,244 | $164K | 0.1% | 2026-Q2 |
| Apollon Wealth Management, LLC new | 28,657 | $161K | 0.1% | 2026-Q2 |
| PFG Investments, LLC added | 27,678 | $156K | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC new | 26,305 | $148K | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP new | 25,749 | $145K | 0.1% | 2026-Q2 |
| Baird Financial Group, Inc. added | 25,564 | $144K | 0.1% | 2026-Q2 |
| Compound Planning, Inc. added | 24,183 | $136K | 0.1% | 2026-Q2 |
| Beverly Hills Private Wealth, LLC new | 22,900 | $129K | 0.1% | 2026-Q2 |
| Waverly Advisors, LLC added | 22,519 | $127K | 0.1% | 2026-Q2 |
| EVOLVE PRIVATE WEALTH, LLC new | 22,511 | $127K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 22,399 | $126K | 0.1% | 2026-Q2 |
| Chicago Partners Investment Group LLC | 22,224 | $121K | 0.1% | 2026-Q2 |
| Corient Private Wealth LP added | 20,709 | $116K | 0.1% | 2026-Q2 |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 20,068 | $113K | 0.1% | 2026-Q2 |
| NOMURA HOLDINGS INC added | 20,000 | $112K | 0.1% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC new | 19,705 | $111K | 0.1% | 2026-Q2 |
| Ethos Financial Group, LLC new | 18,111 | $98K | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 17,689 | $99K | 0.1% | 2026-Q2 |
| HORIZON KINETICS ASSET MANAGEMENT LLC new | 17,412 | $98K | 0.1% | 2026-Q2 |
| SILVERLAKE WEALTH MANAGEMENT LLC added | 16,239 | $91K | 0.1% | 2026-Q2 |
| Mariner, LLC added | 16,219 | $91K | 0.1% | 2026-Q2 |
| Canal Capital Management, LLC new | 15,886 | $89K | 0.1% | 2026-Q2 |
| DAVIS R M INC new | 15,773 | $89K | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC new | 14,464 | $81K | 0.1% | 2026-Q2 |
| World Investment Advisors | 14,462 | $78K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV new | 14,447 | $81K | 0.1% | 2026-Q2 |
| BOKF, NA new | 13,751 | $77K | 0.0% | 2026-Q2 |
| 1607 Capital Partners, LLC new | 13,627 | $77K | 0.0% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. new | 11,697 | $66K | 0.0% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 11,692 | $66K | 0.0% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 11,554 | $65K | 0.0% | 2026-Q2 |
| AMARILLO NATIONAL BANK | 11,502 | $65K | 0.0% | 2026-Q2 |
| ADAPT WEALTH ADVISORS, LLC new | 11,107 | $62K | 0.0% | 2026-Q2 |
| Fortitude Advisory Group L.L.C. new | 10,473 | $59K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 10,240 | $58K | 0.0% | 2026-Q2 |
| SPIREPOINT PRIVATE CLIENT, LLC new | 10,083 | $57K | 0.0% | 2026-Q2 |
| Western Wealth Management, LLC added | 10,005 | $56K | 0.0% | 2026-Q2 |
| NWF Advisory Services Inc. | 10,000 | $56K | 0.0% | 2026-Q2 |
| Commonwealth Financial Services, LLC | 10,000 | $56K | 0.0% | 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.