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-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
6 tracked funds added or opened MMD while 9 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
MMD’s largest tracked holder by dollar value, Hennion & Walsh Asset Management, Inc., sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.4pp 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 2025-Q4 and 2026-Q1, across 67 tracked filers holding MMD, 28 increased or opened the position and 38 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 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.
Full exits 3
- NewEdge Advisors, LLC$1M
- Pathstone Holdings, LLC$1M
- Balyasny Asset Management L.P.$931K
Largest adds
- RAYMOND JAMES FINANCIAL INC$1M
- ROBINSON CAPITAL MANAGEMENT, LLC$818K
- Noble Wealth Management PBC$503K
- RIVERNORTH CAPITAL MANAGEMENT, LLC$420K
- Invesco Ltd.$380K
- OSAIC HOLDINGS, INC.$332K
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$2M
- WOLVERINE ASSET MANAGEMENT LLC$1M
- Thomas J. Herzfeld Advisors, Inc.$786K
- Logan Stone Capital, LLC$480K
- Ackerman Capital Advisors, LLC$342K
- GUGGENHEIM CAPITAL LLC$267K
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 | 736,048 | $11M | 12.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 675,583 | $10M | 11.2% | 2026-Q1 |
| MORGAN STANLEY trimmed | 451,865 | $7M | 7.5% | 2026-Q1 |
| ROBINSON CAPITAL MANAGEMENT, LLC added | 432,502 | $6M | 7.2% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC trimmed | 432,536 | $6M | 7.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 318,039 | $5M | 5.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 266,726 | $4M | 4.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 148,423 | $2M | 2.5% | 2026-Q1 |
| Noble Wealth Management PBC added | 120,000 | $2M | 2.0% | 2026-Q1 |
| ProVise Management Group, LLC added | 95,676 | $1M | 1.6% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 93,997 | $1M | 1.6% | 2026-Q1 |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 87,267 | $1M | 1.4% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 83,138 | $1M | 1.4% | 2026-Q1 |
| Intellus Advisors LLC trimmed | 73,958 | $1M | 1.2% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC added | 68,560 | $1M | 1.1% | 2026-Q1 |
| Logan Stone Capital, LLC trimmed | 65,102 | $967K | 1.1% | 2026-Q1 |
| LPL Financial LLC added | 63,198 | $938K | 1.0% | 2026-Q1 |
| Invesco Ltd. added | 62,640 | $930K | 1.0% | 2026-Q1 |
| Worthington Financial Partners, LLC trimmed | 56,032 | $832K | 0.9% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 51,639 | $767K | 0.9% | 2026-Q1 |
| UBS Group AG trimmed | 50,454 | $749K | 0.8% | 2026-Q1 |
| Whipplewood Advisors, LLC trimmed | 48,812 | $725K | 0.8% | 2026-Q1 |
| COHEN & STEERS, INC. | 45,000 | $668K | 0.7% | 2026-Q1 |
| Thomas J. Herzfeld Advisors, Inc. trimmed | 44,396 | $659K | 0.7% | 2026-Q1 |
| Ackerman Capital Advisors, LLC trimmed | 43,675 | $649K | 0.7% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 42,055 | $625K | 0.7% | 2026-Q1 |
| 1607 Capital Partners, LLC added | 39,088 | $580K | 0.6% | 2026-Q1 |
| Bank of New York Mellon Corp added | 37,249 | $553K | 0.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 36,906 | $548K | 0.6% | 2026-Q1 |
| XML Financial, LLC | 32,505 | $483K | 0.5% | 2026-Q1 |
| &PARTNERS trimmed | 33,043 | $481K | 0.5% | 2026-Q1 |
| WEDBUSH SECURITIES INC trimmed | 30,822 | $458K | 0.5% | 2026-Q1 |
| Global Endowment Management, LP | 30,000 | $446K | 0.5% | 2026-Q1 |
| WealthPLAN Partners, LLC | 26,420 | $392K | 0.4% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 24,720 | $367K | 0.4% | 2026-Q1 |
| Plancorp, LLC | 23,807 | $361K | 0.4% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. trimmed | 24,294 | $361K | 0.4% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 24,082 | $358K | 0.4% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 23,448 | $348K | 0.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 20,970 | $311K | 0.3% | 2026-Q1 |
| Scarborough Advisors, LLC | 19,530 | $290K | 0.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 19,430 | $289K | 0.3% | 2026-Q1 |
| MGO ONE SEVEN LLC added | 17,905 | $266K | 0.3% | 2026-Q1 |
| INTEGRATED CAPITAL MANAGEMENT, INC. added | 17,747 | $264K | 0.3% | 2026-Q1 |
| Arlington Capital Management, Inc. added | 17,441 | $259K | 0.3% | 2026-Q1 |
| NOMURA HOLDINGS INC added | 16,740 | $249K | 0.3% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 15,422 | $229K | 0.3% | 2026-Q1 |
| Equitable Holdings, Inc. trimmed | 15,349 | $228K | 0.3% | 2026-Q1 |
| Compass Financial Group, INC/SD | 14,014 | $208K | 0.2% | 2026-Q1 |
| Cerity Partners LLC added | 13,894 | $206K | 0.2% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 12,963 | $193K | 0.2% | 2026-Q1 |
| NewEdge Wealth, LLC | 11,520 | $171K | 0.2% | 2026-Q1 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 11,101 | $165K | 0.2% | 2026-Q1 |
| Rareview Capital LLC new | 10,767 | $159K | 0.2% | 2026-Q1 |
| Financially in Tune, LLC | 10,415 | $155K | 0.2% | 2026-Q1 |
| OPPENHEIMER & CO INC trimmed | 10,208 | $152K | 0.2% | 2026-Q1 |
| Pasadena Private Wealth, LLC | 10,000 | $148K | 0.2% | 2026-Q1 |
| Arax Advisory Partners trimmed | 8,922 | $132K | 0.1% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. | 4,720 | $70K | 0.1% | 2026-Q1 |
| CoreCap Advisors, LLC | 3,910 | $58K | 0.1% | 2026-Q1 |
| PlanVest Financial, Inc new | 3,900 | $58K | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 3,647 | $54K | 0.1% | 2026-Q1 |
| KELLEHER FINANCIAL ADVISORS | 920 | $14K | 0.0% | 2026-Q1 |
| Smallwood Wealth Investment Management, LLC | 745 | $11K | 0.0% | 2026-Q1 |
| FNY Investment Advisers, LLC | 600 | $8K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC | 500 | $7K | 0.0% | 2026-Q1 |
| Measured Wealth Private Client Group, LLC | 14 | $208 | 0.0% | 2026-Q1 |
| NewEdge Advisors, LLC trimmed | 95,939 | $1M | 1.6% | 2025-Q4 stale |
| Pathstone Holdings, LLC added | 69,607 | $1M | 1.2% | 2025-Q4 stale |
| Balyasny Asset Management L.P. new | 62,636 | $931K | 1.0% | 2025-Q4 stale |
| Stonebrook Private Inc. trimmed | 60,492 | $895K | 1.0% | 2025-Q2 stale |
| LPF Advisors LLC trimmed | 30,996 | $467K | 0.5% | 2025-Q1 stale |
| Summit X, LLC trimmed | 30,161 | $446K | 0.5% | 2025-Q2 stale |
| Calamos Advisors LLC added | 29,436 | $435K | 0.5% | 2025-Q2 stale |
| ROVIN CAPITAL /UT/ /ADV added | 28,801 | $428K | 0.5% | 2025-Q4 stale |
| Advisors Asset Management, Inc. trimmed | 26,252 | $396K | 0.4% | 2025-Q1 stale |
| MILLENNIUM MANAGEMENT LLC added | 26,081 | $388K | 0.4% | 2025-Q4 stale |
| Janney Montgomery Scott LLC trimmed | 22,283 | $337K | 0.4% | 2025-Q3 stale |
| JANE STREET GROUP, LLC added | 22,064 | $328K | 0.4% | 2025-Q4 stale |
| NORTHERN TRUST CORP new | 20,000 | $302K | 0.3% | 2025-Q1 stale |
| BRANDYWINE OAK PRIVATE WEALTH LLC | 20,000 | $297K | 0.3% | 2025-Q4 stale |
| U.S. Capital Wealth Advisors, LLC | 19,026 | $283K | 0.3% | 2025-Q4 stale |
| READYSTATE ASSET MANAGEMENT LP trimmed | 18,103 | $269K | 0.3% | 2025-Q4 stale |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. trimmed | 16,602 | $247K | 0.3% | 2025-Q4 stale |
| Gilliland Jeter Wealth Management LLC | 16,177 | $245K | 0.3% | 2025-Q3 stale |
| COMMONWEALTH EQUITY SERVICES, LLC added | 14,256 | $215K | 0.2% | 2025-Q1 stale |
| Main Street Financial Solutions, LLC added | 13,603 | $202K | 0.2% | 2025-Q4 stale |
| Summit Financial Wealth Advisors, LLC trimmed | 13,500 | $200K | 0.2% | 2025-Q2 stale |
| ELEVATION POINT WEALTH PARTNERS, LLC new | 12,141 | $184K | 0.2% | 2025-Q3 stale |
| TRANSCEND CAPITAL ADVISORS, LLC trimmed | 12,141 | $183K | 0.2% | 2025-Q1 stale |
| AlphaCore Capital LLC trimmed | 11,000 | $167K | 0.2% | 2025-Q3 stale |
| Cyndeo Wealth Partners, LLC trimmed | 10,655 | $158K | 0.2% | 2025-Q4 stale |
| COMERICA BANK trimmed | 3,647 | $54K | 0.1% | 2025-Q4 stale |
| NBC SECURITIES, INC. added | 2,000 | $30K | 0.0% | 2025-Q1 stale |
| Center for Financial Planning, Inc. | 2,000 | $30K | 0.0% | 2025-Q4 stale |
| Kilter Group LLC added | 854 | $13K | 0.0% | 2025-Q4 stale |
| SIGNATUREFD, LLC trimmed | 8 | $121 | 0.0% | 2025-Q1 stale |
| EASTERN BANK new | 1 | $15 | 0.0% | 2025-Q3 stale |
| JONES FINANCIAL COMPANIES LLLP new | 0 | — | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 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.