Who owns MHD (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-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
The tracked-fund tape on MHD is one-sided between 2025-Q4 and 2026-Q1: 83 added or opened and 4 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
MHD’s largest tracked holder by dollar value, Karpus Management, Inc., sizes it at 7.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 7.0pp 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 2025-Q4 and 2026-Q1, across 203 tracked filers holding MHD, 185 increased or opened the position and 21 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
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 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 23
- TORONTO DOMINION BANK$16M
- Wakefield Asset Management LLLP$4M
- Leo Wealth, LLC$3M
- Callahan Advisors, LLC$3M
- CARY STREET PARTNERS FINANCIAL LLC$2M
- Summit Trail Advisors, LLC$2M
Full exits 1
- NewEdge Advisors, LLC$810K
Largest adds
- Karpus Management, Inc.$126M
- RIVERNORTH CAPITAL MANAGEMENT, LLC$92M
- MORGAN STANLEY$49M
- Pathstone Holdings, LLC$32M
- ROBINSON CAPITAL MANAGEMENT, LLC$21M
- Hennion & Walsh Asset Management, Inc.$19M
Largest trims
- MACKAY SHIELDS LLC$3M
- M&T Bank Corp$2M
- Fiera Capital Corp$1M
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 |
|---|---|---|---|---|
| Karpus Management, Inc. added | 20,033,393 | $226M | 27.3% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC added | 12,505,825 | $141M | 17.0% | 2026-Q1 |
| MORGAN STANLEY added | 5,294,709 | $60M | 7.2% | 2026-Q1 |
| Pathstone Holdings, LLC added | 3,911,221 | $44M | 5.3% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. added | 2,692,857 | $30M | 3.7% | 2026-Q1 |
| ROBINSON CAPITAL MANAGEMENT, LLC added | 2,066,476 | $24M | 2.9% | 2026-Q1 |
| MACKAY SHIELDS LLC trimmed | 1,982,355 | $22M | 2.7% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 1,868,644 | $21M | 2.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,807,154 | $20M | 2.5% | 2026-Q1 |
| TORONTO DOMINION BANK added | 1,428,374 | $16M | 1.9% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 1,298,084 | $15M | 1.8% | 2026-Q1 |
| Advisors Asset Management, Inc. added | 1,236,235 | $14M | 1.7% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 1,102,849 | $12M | 1.5% | 2026-Q1 |
| SIT INVESTMENT ASSOCIATES INC added | 1,065,038 | $12M | 1.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,021,359 | $12M | 1.4% | 2026-Q1 |
| LPL Financial LLC added | 981,426 | $11M | 1.3% | 2026-Q1 |
| Rareview Capital LLC added | 606,318 | $7M | 0.8% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 572,536 | $6M | 0.8% | 2026-Q1 |
| Dakota Wealth Management added | 520,267 | $6M | 0.7% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 476,797 | $5M | 0.6% | 2026-Q1 |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD added | 453,034 | $5M | 0.6% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 396,333 | $4M | 0.5% | 2026-Q1 |
| UBS Group AG added | 382,902 | $4M | 0.5% | 2026-Q1 |
| MELFA WEALTH MANAGEMENT, INC. added | 382,553 | $4M | 0.5% | 2026-Q1 |
| Invesco Ltd. added | 381,241 | $4M | 0.5% | 2026-Q1 |
| Atala Financial Inc added | 358,833 | $4M | 0.5% | 2026-Q1 |
| Westchester Capital Management, LLC added | 326,160 | $4M | 0.4% | 2026-Q1 |
| Wakefield Asset Management LLLP added | 323,583 | $4M | 0.4% | 2026-Q1 |
| Fiera Capital Corp trimmed | 322,991 | $4M | 0.4% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 307,673 | $3M | 0.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 259,521 | $3M | 0.4% | 2026-Q1 |
| Bank of New York Mellon Corp added | 251,989 | $3M | 0.3% | 2026-Q1 |
| Leo Wealth, LLC new | 251,331 | $3M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 244,009 | $3M | 0.3% | 2026-Q1 |
| COHEN & STEERS, INC. added | 243,007 | $3M | 0.3% | 2026-Q1 |
| Cetera Investment Advisers added | 238,931 | $3M | 0.3% | 2026-Q1 |
| Callahan Advisors, LLC new | 236,644 | $3M | 0.3% | 2026-Q1 |
| Compass Financial Group, INC/SD added | 225,021 | $3M | 0.3% | 2026-Q1 |
| CARY STREET PARTNERS FINANCIAL LLC new | 202,218 | $2M | 0.3% | 2026-Q1 |
| Summit Trail Advisors, LLC added | 191,652 | $2M | 0.3% | 2026-Q1 |
| 1607 Capital Partners, LLC added | 179,333 | $2M | 0.2% | 2026-Q1 |
| Allegheny Financial Group new | 155,479 | $2M | 0.2% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 146,110 | $2M | 0.2% | 2026-Q1 |
| Capital Investment Advisors, LLC added | 143,073 | $2M | 0.2% | 2026-Q1 |
| Professional Financial Management, Inc. new | 142,325 | $2M | 0.2% | 2026-Q1 |
| OPPENHEIMER & CO INC added | 140,486 | $2M | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 140,098 | $2M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 127,592 | $1M | 0.2% | 2026-Q1 |
| Westview Management dba Westview Investment Advisors new | 119,038 | $1M | 0.2% | 2026-Q1 |
| Melone Private Wealth, LLC new | 117,683 | $1M | 0.2% | 2026-Q1 |
| RIVERBRIDGE PARTNERS LLC added | 115,874 | $1M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 110,834 | $1M | 0.2% | 2026-Q1 |
| HighTower Advisors, LLC added | 107,451 | $1M | 0.1% | 2026-Q1 |
| Fortitude Advisory Group L.L.C. added | 105,020 | $1M | 0.1% | 2026-Q1 |
| Mathes Company, Inc. new | 101,298 | $1M | 0.1% | 2026-Q1 |
| Wellspring Financial Advisors, LLC added | 100,062 | $1M | 0.1% | 2026-Q1 |
| Allworth Financial LP added | 94,012 | $1M | 0.1% | 2026-Q1 |
| Mutual Advisors, LLC new | 82,168 | $927K | 0.1% | 2026-Q1 |
| Logan Stone Capital, LLC added | 79,095 | $892K | 0.1% | 2026-Q1 |
| Palogic Value Management, L.P. added | 75,497 | $851K | 0.1% | 2026-Q1 |
| HORIZON KINETICS ASSET MANAGEMENT LLC added | 74,530 | $841K | 0.1% | 2026-Q1 |
| Verdence Capital Advisors LLC added | 74,259 | $838K | 0.1% | 2026-Q1 |
| Scarborough Advisors, LLC added | 73,780 | $832K | 0.1% | 2026-Q1 |
| Ackerman Capital Advisors, LLC added | 73,106 | $825K | 0.1% | 2026-Q1 |
| Noble Wealth Management PBC added | 69,321 | $782K | 0.1% | 2026-Q1 |
| Indiana Trust & Investment Management Co new | 68,000 | $767K | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 66,387 | $749K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 64,983 | $733K | 0.1% | 2026-Q1 |
| Pettinga Financial Advisors LLC added | 60,915 | $687K | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 60,583 | $683K | 0.1% | 2026-Q1 |
| Curi Capital, LLC added | 60,199 | $683K | 0.1% | 2026-Q1 |
| Independent Advisor Alliance new | 58,420 | $659K | 0.1% | 2026-Q1 |
| Baird Financial Group, Inc. added | 57,418 | $648K | 0.1% | 2026-Q1 |
| EverSource Wealth Advisors, LLC added | 6,337 | $641K | 0.1% | 2026-Q1 |
| Uniting Wealth Partners, LLC added | 56,465 | $640K | 0.1% | 2026-Q1 |
| Nuveen, LLC added | 54,947 | $620K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 54,150 | $611K | 0.1% | 2026-Q1 |
| Closed-End Fund Advisors, Inc. added | 53,912 | $608K | 0.1% | 2026-Q1 |
| BTG Pactual Asset Management US LLC new | 51,554 | $582K | 0.1% | 2026-Q1 |
| WESBANCO BANK INC added | 51,537 | $581K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 51,093 | $576K | 0.1% | 2026-Q1 |
| River Street Advisors LLC added | 50,618 | $571K | 0.1% | 2026-Q1 |
| Tyche Wealth Partners LLC new | 49,620 | $560K | 0.1% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC trimmed | 49,465 | $558K | 0.1% | 2026-Q1 |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC new | 48,079 | $542K | 0.1% | 2026-Q1 |
| &PARTNERS added | 47,714 | $538K | 0.1% | 2026-Q1 |
| CHOREO, LLC added | 42,847 | $486K | 0.1% | 2026-Q1 |
| PETRA FINANCIAL ADVISORS INC new | 42,250 | $477K | 0.1% | 2026-Q1 |
| Clare Market Investments LLC new | 42,100 | $475K | 0.1% | 2026-Q1 |
| Canvas Wealth Advisors, LLC new | 40,204 | $456K | 0.1% | 2026-Q1 |
| WHITEBOX ADVISORS LLC new | 39,677 | $448K | 0.1% | 2026-Q1 |
| Equitable Holdings, Inc. added | 38,115 | $447K | 0.1% | 2026-Q1 |
| Balefire, LLC new | 38,811 | $438K | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 37,936 | $428K | 0.1% | 2026-Q1 |
| Great Lakes Retirement, Inc. new | 36,793 | $417K | 0.1% | 2026-Q1 |
| Mariner, LLC added | 36,987 | $416K | 0.1% | 2026-Q1 |
| Allianz Asset Management GmbH | 458,140 | $5M | 0.6% | 2025-Q3 stale |
| NewEdge Advisors, LLC added | 68,984 | $810K | 0.1% | 2025-Q4 stale |
| Moloney Securities Asset Management, LLC added | 53,400 | $627K | 0.1% | 2025-Q3 stale |
| AQR Arbitrage LLC trimmed | 42,896 | $504K | 0.1% | 2025-Q1 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.