Who owns MHD
Which tracked institutional funds hold MHD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MHD company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 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
34 tracked funds added or opened MHD while 22 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
MHD’s largest tracked holder by dollar value, Karpus Management, Inc., sizes it at 6.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 6.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in MHD 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 192 tracked filers holding MHD, 94 increased or opened the position and 85 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 MHD 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 4
- NewEdge Advisors, LLC$2M
- Peak Asset Management, LLC$2M
- Thomas J. Herzfeld Advisors, Inc.$1M
- CITADEL ADVISORS LLC$836K
Full exits 10
- SIT INVESTMENT ASSOCIATES INC$12M
- Leo Wealth, LLC$3M
- COHEN & STEERS, INC.$3M
- PARK AVENUE SECURITIES LLC$2M
- Cambridge Investment Research Advisors, Inc.$1M
- HighTower Advisors, LLC$1M
Largest adds
- MORGAN STANLEY$11M
- Karpus Management, Inc.$10M
- UBS Group AG$7M
- GUGGENHEIM CAPITAL LLC$6M
- Allspring Global Investments Holdings, LLC$3M
- WELLS FARGO & COMPANY/MN$2M
Largest trims
- Hennion & Walsh Asset Management, Inc.$3M
- Wakefield Asset Management LLLP$2M
- Fiera Capital Corp$1M
- Summit Trail Advisors, LLC$1M
- 1607 Capital Partners, LLC$761K
- Compass Financial Group, INC/SD$749K
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 |
|---|---|---|---|---|
| Karpus Management, Inc. trimmed | 19,816,954 | $236M | 27.6% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 11,987,371 | $143M | 16.7% | 2026-Q2 |
| MORGAN STANLEY added | 5,960,341 | $71M | 8.3% | 2026-Q2 |
| Pathstone Holdings, LLC trimmed | 3,677,624 | $44M | 5.1% | 2026-Q2 |
| Hennion & Walsh Asset Management, Inc. trimmed | 2,310,272 | $27M | 3.2% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 2,284,429 | $27M | 3.2% | 2026-Q2 |
| ROBINSON CAPITAL MANAGEMENT, LLC | 2,066,476 | $25M | 2.9% | 2026-Q2 |
| MacKay Shields LLC | 1,982,355 | $24M | 2.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,809,830 | $22M | 2.5% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 1,384,845 | $16M | 1.9% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 1,383,852 | $16M | 1.9% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 1,263,752 | $15M | 1.8% | 2026-Q2 |
| Advisors Asset Management, Inc. trimmed | 1,231,476 | $15M | 1.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 1,149,124 | $14M | 1.6% | 2026-Q2 |
| LPL Financial LLC added | 1,065,866 | $13M | 1.5% | 2026-Q2 |
| UBS Group AG added | 989,613 | $12M | 1.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 565,710 | $7M | 0.8% | 2026-Q2 |
| Rareview Capital LLC trimmed | 548,051 | $6M | 0.7% | 2026-Q2 |
| Dakota Wealth Management added | 521,667 | $6M | 0.7% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 498,348 | $6M | 0.7% | 2026-Q2 |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 453,034 | $5M | 0.6% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 393,906 | $5M | 0.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 373,213 | $4M | 0.5% | 2026-Q2 |
| MELFA WEALTH MANAGEMENT, INC. trimmed | 362,781 | $4M | 0.5% | 2026-Q2 |
| Atala Financial Inc trimmed | 356,455 | $4M | 0.5% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 348,737 | $4M | 0.5% | 2026-Q2 |
| Westchester Capital Management, LLC | 326,160 | $4M | 0.5% | 2026-Q2 |
| Invesco Ltd. trimmed | 306,323 | $4M | 0.4% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 304,305 | $4M | 0.4% | 2026-Q2 |
| Cetera Investment Advisers added | 272,919 | $3M | 0.4% | 2026-Q2 |
| Callahan Advisors, LLC | 236,644 | $3M | 0.3% | 2026-Q2 |
| CARY STREET PARTNERS FINANCIAL LLC added | 231,404 | $3M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 226,589 | $3M | 0.3% | 2026-Q2 |
| Fiera Capital Corp trimmed | 213,883 | $3M | 0.3% | 2026-Q2 |
| NewEdge Advisors, LLC added | 178,396 | $2M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 174,963 | $2M | 0.2% | 2026-Q2 |
| Compass Financial Group, INC/SD trimmed | 150,350 | $2M | 0.2% | 2026-Q2 |
| Allegheny Financial Group trimmed | 147,691 | $2M | 0.2% | 2026-Q2 |
| Capital Investment Advisors, LLC trimmed | 142,137 | $2M | 0.2% | 2026-Q2 |
| OPPENHEIMER & CO INC trimmed | 138,302 | $2M | 0.2% | 2026-Q2 |
| Professional Financial Management, Inc. trimmed | 138,149 | $2M | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 133,698 | $2M | 0.2% | 2026-Q2 |
| Wakefield Asset Management LLLP trimmed | 132,005 | $2M | 0.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 127,659 | $2M | 0.2% | 2026-Q2 |
| Peak Asset Management, LLC new | 127,261 | $2M | 0.2% | 2026-Q2 |
| Westview Management dba Westview Investment Advisors added | 122,349 | $1M | 0.2% | 2026-Q2 |
| RIVERBRIDGE PARTNERS LLC trimmed | 112,138 | $1M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 107,712 | $1M | 0.2% | 2026-Q2 |
| 1607 Capital Partners, LLC trimmed | 106,017 | $1M | 0.1% | 2026-Q2 |
| Wellspring Financial Advisors, LLC added | 105,262 | $1M | 0.1% | 2026-Q2 |
| Fortitude Advisory Group L.L.C. | 105,020 | $1M | 0.1% | 2026-Q2 |
| Allworth Financial LP trimmed | 93,612 | $1M | 0.1% | 2026-Q2 |
| Summit Trail Advisors, LLC trimmed | 92,929 | $1M | 0.1% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 90,888 | $1M | 0.1% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. new | 86,578 | $1M | 0.1% | 2026-Q2 |
| Baird Financial Group, Inc. added | 85,037 | $1M | 0.1% | 2026-Q2 |
| Mutual Advisors, LLC added | 82,981 | $987K | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 79,173 | $942K | 0.1% | 2026-Q2 |
| Scarborough Advisors, LLC added | 76,710 | $901K | 0.1% | 2026-Q2 |
| Verdence Capital Advisors LLC added | 75,194 | $895K | 0.1% | 2026-Q2 |
| Pettinga Financial Advisors LLC added | 73,558 | $875K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 70,229 | $836K | 0.1% | 2026-Q2 |
| Noble Wealth Management PBC trimmed | 68,385 | $814K | 0.1% | 2026-Q2 |
| Indiana Trust & Investment Management Co | 68,000 | $809K | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 64,706 | $770K | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 63,137 | $751K | 0.1% | 2026-Q2 |
| Curi Capital, LLC | 60,199 | $720K | 0.1% | 2026-Q2 |
| Uniting Wealth Partners, LLC added | 56,482 | $676K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 55,276 | $658K | 0.1% | 2026-Q2 |
| Melone Private Wealth, LLC trimmed | 55,060 | $655K | 0.1% | 2026-Q2 |
| Nuveen, LLC | 54,947 | $654K | 0.1% | 2026-Q2 |
| PETRA FINANCIAL ADVISORS INC added | 54,828 | $652K | 0.1% | 2026-Q2 |
| &PARTNERS added | 54,778 | $664K | 0.1% | 2026-Q2 |
| Balefire, LLC added | 52,345 | $623K | 0.1% | 2026-Q2 |
| WESBANCO BANK INC | 51,537 | $613K | 0.1% | 2026-Q2 |
| Ackerman Capital Advisors, LLC trimmed | 51,444 | $612K | 0.1% | 2026-Q2 |
| River Street Advisors LLC | 50,618 | $602K | 0.1% | 2026-Q2 |
| Tyche Wealth Partners LLC added | 49,786 | $592K | 0.1% | 2026-Q2 |
| BTG Pactual Asset Management US LLC trimmed | 49,692 | $591K | 0.1% | 2026-Q2 |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC added | 48,961 | $583K | 0.1% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. trimmed | 48,441 | $576K | 0.1% | 2026-Q2 |
| ROTHSCHILD INVESTMENT LLC added | 47,418 | $564K | 0.1% | 2026-Q2 |
| CHOREO, LLC added | 47,254 | $565K | 0.1% | 2026-Q2 |
| Palogic Value Management, L.P. trimmed | 45,210 | $537K | 0.1% | 2026-Q2 |
| Clare Market Investments LLC added | 42,115 | $501K | 0.1% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC trimmed | 41,274 | $491K | 0.1% | 2026-Q2 |
| Canvas Wealth Advisors, LLC added | 40,827 | $488K | 0.1% | 2026-Q2 |
| WHITEBOX ADVISORS LLC | 39,677 | $472K | 0.1% | 2026-Q2 |
| Equitable Holdings, Inc. added | 38,283 | $456K | 0.1% | 2026-Q2 |
| INTEGRATED CAPITAL MANAGEMENT, INC. added | 37,816 | $450K | 0.1% | 2026-Q2 |
| Great Lakes Retirement, Inc. added | 37,365 | $447K | 0.1% | 2026-Q2 |
| Merit Financial Group, LLC added | 36,097 | $430K | 0.1% | 2026-Q2 |
| Sowell Financial Services LLC added | 35,161 | $418K | 0.0% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 34,816 | $414K | 0.0% | 2026-Q2 |
| Garden State Investment Advisory Services LLC | 34,122 | $406K | 0.0% | 2026-Q2 |
| HORIZON KINETICS ASSET MANAGEMENT LLC trimmed | 33,214 | $395K | 0.0% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. | 32,518 | $367K | 0.0% | 2026-Q2 |
| XTX Topco Ltd added | 31,714 | $377K | 0.0% | 2026-Q2 |
| ProVise Management Group, LLC | 30,334 | $361K | 0.0% | 2026-Q2 |
| Stirlingshire Investments, Inc. new | 30,000 | $359K | 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.