Who owns MMD
Which tracked institutional funds hold MMD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MMD 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 MMD is one-sided between 2026-Q1 and 2026-Q2: 15 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
MMD’s largest tracked holder by dollar value, Hennion & Walsh Asset Management, Inc., sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in MMD 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 66 tracked filers holding MMD, 35 increased or opened the position and 26 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 MMD 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 2
- NewEdge Advisors, LLC$2M
- Advisors Asset Management, Inc.$1M
Full exits 3
- PARK AVENUE SECURITIES LLC$1M
- Logan Stone Capital, LLC$967K
- COHEN & STEERS, INC.$668K
Largest adds
- Kestra Advisory Services, LLC$2M
- MORGAN STANLEY$790K
- ROBINSON CAPITAL MANAGEMENT, LLC$648K
- Rockefeller Capital Management L.P.$635K
- Invesco Ltd.$525K
- RIVERNORTH CAPITAL MANAGEMENT, LLC$522K
Largest trims
- ROYAL BANK OF CANADA$556K
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 |
|---|---|---|---|---|
| Hennion & Walsh Asset Management, Inc. trimmed | 728,962 | $11M | 11.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 676,967 | $10M | 10.6% | 2026-Q2 |
| MORGAN STANLEY added | 483,912 | $8M | 7.6% | 2026-Q2 |
| ROBINSON CAPITAL MANAGEMENT, LLC added | 458,692 | $7M | 7.2% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC trimmed | 413,332 | $6M | 6.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 321,161 | $5M | 5.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 281,468 | $4M | 4.4% | 2026-Q2 |
| Noble Wealth Management PBC added | 124,708 | $2M | 2.0% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 112,179 | $2M | 1.8% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 106,326 | $2M | 1.7% | 2026-Q2 |
| NewEdge Advisors, LLC added | 103,674 | $2M | 1.6% | 2026-Q2 |
| ProVise Management Group, LLC added | 103,033 | $2M | 1.6% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC added | 99,375 | $2M | 1.6% | 2026-Q2 |
| Invesco Ltd. added | 93,876 | $1M | 1.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 91,377 | $1M | 1.4% | 2026-Q2 |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 87,267 | $1M | 1.4% | 2026-Q2 |
| LPL Financial LLC added | 83,453 | $1M | 1.3% | 2026-Q2 |
| Advisors Asset Management, Inc. added | 78,096 | $1M | 1.2% | 2026-Q2 |
| Intellus Advisors LLC trimmed | 69,702 | $1M | 1.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 64,045 | $993K | 1.0% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 60,688 | $941K | 1.0% | 2026-Q2 |
| Hopwood Nicholas Hunter trimmed | 60,615 | $940K | 1.0% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 52,291 | $811K | 0.8% | 2026-Q2 |
| Worthington Financial Partners, LLC trimmed | 52,059 | $807K | 0.8% | 2026-Q2 |
| Whipplewood Advisors, LLC added | 50,902 | $789K | 0.8% | 2026-Q2 |
| 1607 Capital Partners, LLC added | 50,886 | $789K | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 49,818 | $772K | 0.8% | 2026-Q2 |
| Ackerman Capital Advisors, LLC added | 46,364 | $719K | 0.7% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 42,619 | $661K | 0.7% | 2026-Q2 |
| UBS Group AG trimmed | 42,448 | $658K | 0.7% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 37,633 | $583K | 0.6% | 2026-Q2 |
| Rareview Capital LLC added | 38,814 | $574K | 0.6% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 35,240 | $546K | 0.6% | 2026-Q2 |
| XML Financial, LLC | 32,505 | $504K | 0.5% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 32,127 | $498K | 0.5% | 2026-Q2 |
| &PARTNERS trimmed | 29,666 | $460K | 0.5% | 2026-Q2 |
| Global Endowment Management, LP trimmed | 26,413 | $409K | 0.4% | 2026-Q2 |
| WealthPLAN Partners, LLC trimmed | 24,590 | $381K | 0.4% | 2026-Q2 |
| Plancorp, LLC | 23,807 | $363K | 0.4% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 20,078 | $311K | 0.3% | 2026-Q2 |
| MGO ONE SEVEN LLC added | 19,557 | $303K | 0.3% | 2026-Q2 |
| Scarborough Advisors, LLC | 19,530 | $300K | 0.3% | 2026-Q2 |
| Arlington Capital Management, Inc. added | 18,694 | $290K | 0.3% | 2026-Q2 |
| Clear Street Group Inc. new | 16,134 | $250K | 0.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 14,658 | $227K | 0.2% | 2026-Q2 |
| Cetera Investment Advisers added | 14,231 | $221K | 0.2% | 2026-Q2 |
| Compass Financial Group, INC/SD | 14,014 | $217K | 0.2% | 2026-Q2 |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 13,937 | $216K | 0.2% | 2026-Q2 |
| Cerity Partners LLC | 13,894 | $215K | 0.2% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 13,419 | $208K | 0.2% | 2026-Q2 |
| Main Street Financial Solutions, LLC trimmed | 12,353 | $191K | 0.2% | 2026-Q2 |
| NOMURA HOLDINGS INC trimmed | 12,200 | $189K | 0.2% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 11,242 | $174K | 0.2% | 2026-Q2 |
| Arax Advisory Partners added | 10,922 | $169K | 0.2% | 2026-Q2 |
| Beacon Pointe Advisors, LLC new | 10,415 | $161K | 0.2% | 2026-Q2 |
| Pasadena Private Wealth, LLC | 10,000 | $155K | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 4,720 | $73K | 0.1% | 2026-Q2 |
| CoreCap Advisors, LLC | 3,910 | $61K | 0.1% | 2026-Q2 |
| PlanVest Financial, Inc | 3,900 | $60K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP | 3,647 | $57K | 0.1% | 2026-Q2 |
| KELLEHER FINANCIAL ADVISORS added | 1,840 | $29K | 0.0% | 2026-Q2 |
| Smallwood Wealth Investment Management, LLC | 745 | $12K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC | 500 | $8K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 200 | $3K | 0.0% | 2026-Q2 |
| IMA Advisory Services, Inc. new | 94 | $1K | 0.0% | 2026-Q2 |
| Measured Wealth Private Client Group, LLC | 14 | $217 | 0.0% | 2026-Q2 |
| PARK AVENUE SECURITIES LLC added | 83,138 | $1M | 1.2% | 2026-Q1 stale (1 quarter behind) |
| Logan Stone Capital, LLC trimmed | 65,102 | $967K | 1.0% | 2026-Q1 stale (1 quarter behind) |
| COHEN & STEERS, INC. | 45,000 | $668K | 0.7% | 2026-Q1 stale (1 quarter behind) |
| WEDBUSH SECURITIES INC trimmed | 30,822 | $458K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| CENTAURUS FINANCIAL, INC. trimmed | 24,294 | $361K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| NewEdge Wealth, LLC | 11,520 | $171K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 11,101 | $165K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Financially in Tune, LLC | 10,415 | $155K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| FNY Investment Advisers, LLC | 600 | $8K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Pathstone Holdings, LLC added | 69,607 | $1M | 1.0% | 2025-Q4 stale (2 quarters behind) |
| Balyasny Asset Management L.P. new | 62,636 | $931K | 0.9% | 2025-Q4 stale (2 quarters behind) |
| ROVIN CAPITAL /UT/ /ADV added | 28,801 | $428K | 0.4% | 2025-Q4 stale (2 quarters behind) |
| MILLENNIUM MANAGEMENT LLC new | 26,081 | $388K | 0.4% | 2025-Q4 stale (2 quarters behind) |
| JANE STREET GROUP, LLC added | 22,064 | $328K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| BRANDYWINE OAK PRIVATE WEALTH LLC | 20,000 | $297K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| U.S. Capital Wealth Advisors, LLC | 19,026 | $283K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| READYSTATE ASSET MANAGEMENT LP trimmed | 18,103 | $269K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. trimmed | 16,602 | $247K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| Cyndeo Wealth Partners, LLC trimmed | 10,655 | $158K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| COMERICA BANK trimmed | 3,647 | $54K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Center for Financial Planning, Inc. | 2,000 | $30K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Kilter Group LLC added | 854 | $13K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| JONES FINANCIAL COMPANIES LLLP new | 0 | — | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Janney Montgomery Scott LLC trimmed | 22,283 | $337K | 0.3% | 2025-Q3 stale (3 quarters behind) |
| Gilliland Jeter Wealth Management LLC | 16,177 | $245K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| ELEVATION POINT WEALTH PARTNERS, LLC new | 12,141 | $184K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| AlphaCore Capital LLC trimmed | 11,000 | $167K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| EASTERN BANK new | 1 | $15 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Stonebrook Private Inc. trimmed | 60,492 | $895K | 0.9% | 2025-Q2 stale (4 quarters behind) |
| Summit X, LLC trimmed | 30,161 | $446K | 0.5% | 2025-Q2 stale (4 quarters behind) |
| Calamos Advisors LLC added | 29,436 | $435K | 0.4% | 2025-Q2 stale (4 quarters behind) |
| Summit Financial Wealth Advisors, LLC trimmed | 13,500 | $200K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.