Who owns MLN
Which tracked institutional funds hold MLN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MLN company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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
35 tracked funds added or opened MLN 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
MLN’s largest tracked holder by dollar value, ENVESTNET ASSET MANAGEMENT INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in MLN 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 134 tracked filers holding MLN, 81 increased or opened the position and 58 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 MLN 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 3
- NICOLET BANKSHARES INC$7M
- C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors$2M
- Tennessee Valley Asset Management Partners$1M
Full exits 5
- WELLINGTON MANAGEMENT GROUP LLP$13M
- MIdWestOne Financial Group, Inc.$6M
- SYKON CAPITAL LLC$2M
- Bowman & Co S.C.$1M
- Magnus Financial Group LLC$722K
Largest adds
- ENVESTNET ASSET MANAGEMENT INC$27M
- Kestra Investment Management, LLC$17M
- WELLS FARGO & COMPANY/MN$9M
- LPL Financial LLC$9M
- BANK OF AMERICA CORP /DE/$4M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$3M
Largest trims
- RAYMOND JAMES FINANCIAL INC$9M
- HighTower Advisors, LLC$5M
- Manhattan West Asset Management, LLC$2M
- AMERIPRISE FINANCIAL INC$2M
- Summit Financial, LLC$2M
- CLIFTONLARSONALLEN WEALTH ADVISORS, LLC$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 |
|---|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC added | 7,410,501 | $129M | 19.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 3,326,592 | $58M | 8.8% | 2026-Q1 |
| Kestra Investment Management, LLC added | 3,251,917 | $57M | 8.6% | 2026-Q1 |
| LPL Financial LLC added | 2,428,046 | $42M | 6.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,575,921 | $27M | 4.2% | 2026-Q1 |
| Bank of New York Mellon Corp added | 1,479,676 | $26M | 3.9% | 2026-Q1 |
| Bramshill Investments, LLC added | 1,290,744 | $23M | 3.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 854,393 | $15M | 2.3% | 2026-Q1 |
| MORGAN STANLEY trimmed | 764,558 | $13M | 2.0% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 729,653 | $13M | 1.9% | 2026-Q1 |
| Willis Johnson & Associates, Inc. added | 710,728 | $12M | 1.9% | 2026-Q1 |
| ABLE Financial Group, LLC trimmed | 598,135 | $10M | 1.6% | 2026-Q1 |
| Tortoise Investment Management, LLC added | 596,857 | $10M | 1.6% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. added | 562,695 | $10M | 1.5% | 2026-Q1 |
| Manhattan West Asset Management, LLC trimmed | 507,317 | $9M | 1.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 483,792 | $8M | 1.3% | 2026-Q1 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC trimmed | 463,266 | $8M | 1.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 452,973 | $8M | 1.2% | 2026-Q1 |
| Cyndeo Wealth Partners, LLC added | 423,684 | $7M | 1.1% | 2026-Q1 |
| NICOLET BANKSHARES INC new | 384,880 | $7M | 1.0% | 2026-Q1 |
| Keystone Financial Group added | 375,301 | $7M | 1.0% | 2026-Q1 |
| Summit Financial, LLC trimmed | 373,730 | $7M | 1.0% | 2026-Q1 |
| Cetera Investment Advisers added | 354,706 | $6M | 0.9% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 343,674 | $6M | 0.9% | 2026-Q1 |
| CX Institutional trimmed | 336,045 | $6M | 0.9% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 288,807 | $5M | 0.8% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 249,439 | $4M | 0.7% | 2026-Q1 |
| Westside Investment Management, Inc. added | 244,316 | $4M | 0.6% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 234,033 | $4M | 0.6% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 216,152 | $4M | 0.6% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 195,775 | $3M | 0.5% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 182,029 | $3M | 0.5% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 176,380 | $3M | 0.5% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC added | 169,953 | $3M | 0.4% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 163,058 | $3M | 0.4% | 2026-Q1 |
| UBS Group AG added | 160,675 | $3M | 0.4% | 2026-Q1 |
| Waverly Advisors, LLC added | 149,713 | $3M | 0.4% | 2026-Q1 |
| Total Clarity Wealth Management, Inc. added | 138,150 | $2M | 0.4% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 137,931 | $2M | 0.4% | 2026-Q1 |
| AE Wealth Management LLC trimmed | 134,010 | $2M | 0.4% | 2026-Q1 |
| Hedeker Wealth, LLC added | 119,914 | $2M | 0.3% | 2026-Q1 |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors new | 117,745 | $2M | 0.3% | 2026-Q1 |
| OGOREK ANTHONY JOSEPH /NY/ /ADV added | 107,839 | $2M | 0.3% | 2026-Q1 |
| White & Co Financial Planning Inc added | 107,754 | $2M | 0.3% | 2026-Q1 |
| NewEdge Wealth, LLC trimmed | 106,279 | $2M | 0.3% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 102,947 | $2M | 0.3% | 2026-Q1 |
| BARTLETT & CO. WEALTH MANAGEMENT LLC trimmed | 96,785 | $2M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 96,186 | $2M | 0.3% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. added | 93,515 | $2M | 0.2% | 2026-Q1 |
| Tennessee Valley Asset Management Partners new | 84,105 | $1M | 0.2% | 2026-Q1 |
| Meadowbrook Advisors Group, LLC trimmed | 76,762 | $1M | 0.2% | 2026-Q1 |
| Balance Wealth, LLC added | 74,249 | $1M | 0.2% | 2026-Q1 |
| World Investment Advisors added | 69,722 | $1M | 0.2% | 2026-Q1 |
| Invst, LLC added | 66,186 | $1M | 0.2% | 2026-Q1 |
| CreativeOne Wealth, LLC added | 64,877 | $1M | 0.2% | 2026-Q1 |
| Capital Advisors Wealth Management, LLC trimmed | 64,498 | $1M | 0.2% | 2026-Q1 |
| OLD NATIONAL BANCORP /IN/ added | 63,691 | $1M | 0.2% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 63,494 | $1M | 0.2% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 62,885 | $1M | 0.2% | 2026-Q1 |
| McAdam, LLC trimmed | 61,878 | $1M | 0.2% | 2026-Q1 |
| FOCUS Wealth Advisors, LLC trimmed | 61,402 | $1M | 0.2% | 2026-Q1 |
| WBH ADVISORY INC added | 61,132 | $1M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 57,593 | $1M | 0.2% | 2026-Q1 |
| Cresset Asset Management, LLC added | 55,263 | $964K | 0.1% | 2026-Q1 |
| Allworth Financial LP added | 52,665 | $918K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 52,552 | $917K | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 51,785 | $903K | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 46,972 | $819K | 0.1% | 2026-Q1 |
| Elmwood Wealth Management, Inc. trimmed | 45,845 | $800K | 0.1% | 2026-Q1 |
| Baker Avenue Asset Management, LP added | 43,896 | $766K | 0.1% | 2026-Q1 |
| MUSTICO FINANCIAL GROUP, INC. added | 38,496 | $682K | 0.1% | 2026-Q1 |
| Fourth Dimension Wealth, LLC added | 37,067 | $646K | 0.1% | 2026-Q1 |
| Ausdal Financial Partners, Inc. added | 36,862 | $643K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 35,996 | $628K | 0.1% | 2026-Q1 |
| CFO4Life Group, LLC | 35,830 | $625K | 0.1% | 2026-Q1 |
| Private Advisor Group, LLC | 34,274 | $598K | 0.1% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 34,125 | $595K | 0.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 32,230 | $562K | 0.1% | 2026-Q1 |
| IFP Advisors, Inc trimmed | 28,887 | $504K | 0.1% | 2026-Q1 |
| CAP Partners, LLC added | 28,358 | $495K | 0.1% | 2026-Q1 |
| Advisory Services Network, LLC added | 27,242 | $475K | 0.1% | 2026-Q1 |
| Vise Technologies, Inc. | 26,146 | $458K | 0.1% | 2026-Q1 |
| Hyundai Investments Co., Ltd. trimmed | 25,540 | $444K | 0.1% | 2026-Q1 |
| RDA Financial Network added | 25,387 | $443K | 0.1% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 763,300 | $13M | 2.0% | 2025-Q4 stale |
| MIdWestOne Financial Group, Inc. added | 369,222 | $6M | 1.0% | 2025-Q4 stale |
| PEAPACK GLADSTONE FINANCIAL CORP new | 263,058 | $5M | 0.7% | 2025-Q1 stale |
| Haven Private, LLC added | 183,062 | $3M | 0.5% | 2025-Q1 stale |
| Evergreen Private Wealth LLC added | 166,991 | $3M | 0.4% | 2025-Q2 stale |
| SYKON CAPITAL LLC added | 116,970 | $2M | 0.3% | 2025-Q4 stale |
| Bowman & Co S.C. added | 79,305 | $1M | 0.2% | 2025-Q4 stale |
| Pineridge Advisors LLC trimmed | 73,402 | $1M | 0.2% | 2025-Q3 stale |
| Global Financial Private Client, LLC trimmed | 44,776 | $779K | 0.1% | 2025-Q1 stale |
| AVANTAX ADVISORY SERVICES, INC. | 42,826 | $745K | 0.1% | 2025-Q1 stale |
| Magnus Financial Group LLC added | 41,172 | $722K | 0.1% | 2025-Q4 stale |
| Elequin Capital, LP added | 37,220 | $651K | 0.1% | 2025-Q3 stale |
| CITADEL ADVISORS LLC added | 36,966 | $646K | 0.1% | 2025-Q3 stale |
| Avidian Wealth Enterprises, LLC added | 36,741 | $639K | 0.1% | 2025-Q1 stale |
| TOWNSQUARE CAPITAL LLC trimmed | 26,229 | $456K | 0.1% | 2025-Q1 stale |
| FLOW TRADERS U.S. LLC trimmed | 25,232 | $442K | 0.1% | 2025-Q4 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.