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Institutional Ownership · SEC Form 13F

Who owns MTBA (MTBA)


Which tracked institutional funds hold MTBA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MTBA 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.

155
Institutional holders
22,093,445
Shares held (tracked funds)

How the tape is positioned

43 tracked funds added or opened MTBA while 29 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

MTBA’s largest tracked holder by dollar value, SEI INVESTMENTS CO, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.1pp gap the other way — the median holder sizes MTBA more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in MTBA 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 155 tracked filers holding MTBA, 100 increased or opened the position and 66 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 MTBA 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 5

  • Western Wealth Management, LLC$3M
  • Encompass More Asset Management$2M
  • Spire Wealth Management$1M
  • Corient Private Wealth LLC$715K
  • Quantinno Capital Management LP$665K

Full exits 8

  • CI INVESTMENTS INC.$18M
  • Morling Financial Advisors, LLC$17M
  • Family Manage LLC$7M
  • Sequoia Financial Advisors, LLC$1M
  • GK Wealth Management LLC$957K
  • SCHRODER INVESTMENT MANAGEMENT GROUP$941K

Largest adds

  • L2 Asset Management, LLC$14M
  • WealthPlan Investment Management, LLC$8M
  • ENVESTNET ASSET MANAGEMENT INC$8M
  • KNIGHTSBRIDGE ASSET MANAGEMENT, LLC$6M
  • PREVAIL INNOVATIVE WEALTH ADVISORS, LLC$6M
  • Triad Investment Management$5M

Largest trims

  • Tidal Investments LLC$9M
  • WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$9M
  • Proficio Capital Partners LLC$9M
  • MML INVESTORS SERVICES, LLC$8M
  • Heck Capital Advisors, LLC$4M
  • WELLS FARGO & COMPANY/MN$4M

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).

FundSharesReported value% of valueQuarter
ENVESTNET ASSET MANAGEMENT INC added2,474,122$122M8.7%2026-Q1
WELLS FARGO & COMPANY/MN trimmed1,673,183$83M5.9%2026-Q1
MML INVESTORS SERVICES, LLC trimmed1,631,854$81M5.7%2026-Q1
Edge Wealth Management LLC added1,071,359$53M3.7%2026-Q1
EVERGREEN CAPITAL MANAGEMENT LLC trimmed1,061,848$53M3.7%2026-Q1
Watchman Group, Inc. added877,875$43M3.1%2026-Q1
Hilton Capital Management, LLC added855,402$42M3.0%2026-Q1
KNIGHTSBRIDGE ASSET MANAGEMENT, LLC added819,151$41M2.9%2026-Q1
CreativeOne Wealth, LLC added649,295$32M2.3%2026-Q1
LPL Financial LLC added582,643$29M2.0%2026-Q1
L2 Asset Management, LLC added559,008$28M2.0%2026-Q1
Tortoise Investment Management, LLC added515,238$25M1.8%2026-Q1
Aprio Wealth Management, LLC added463,325$23M1.6%2026-Q1
Convergence Financial, LLC added462,501$23M1.6%2026-Q1
Pekin Hardy Strauss, Inc. added410,028$20M1.4%2026-Q1
Proficio Capital Partners LLC trimmed383,745$19M1.3%2026-Q1
HUTCHINSON CAPITAL MANAGEMENT/CA added379,512$19M1.3%2026-Q1
PEAK FINANCIAL ADVISORS LLC trimmed343,050$17M1.2%2026-Q1
Horizon Investments, LLC added301,338$15M1.0%2026-Q1
ROYAL BANK OF CANADA added291,789$14M1.0%2026-Q1
WealthPlan Investment Management, LLC added286,783$14M1.0%2026-Q1
Bank of New York Mellon Corp added261,015$13M0.9%2026-Q1
BAR HARBOR WEALTH MANAGEMENT trimmed245,329$12M0.9%2026-Q1
True Wealth Design, LLC trimmed229,914$11M0.8%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC added227,652$11M0.8%2026-Q1
Ethos Financial Group, LLC added211,889$10M0.7%2026-Q1
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC added195,398$10M0.7%2026-Q1
Janney Montgomery Scott LLC trimmed187,889$9M0.7%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed175,942$9M0.6%2026-Q1
COMPASS CAPITAL CORP /MA/ /ADV added168,906$8M0.6%2026-Q1
Sanctuary Advisors, LLC added159,902$8M0.6%2026-Q1
Triad Investment Management added155,447$8M0.6%2026-Q1
BANK OF MONTREAL /CAN/ added155,241$8M0.5%2026-Q1
JPMORGAN CHASE & CO added145,765$7M0.5%2026-Q1
FIRST AMERICAN TRUST, FSB trimmed141,679$7M0.5%2026-Q1
NWAM LLC trimmed135,658$7M0.5%2026-Q1
ABBINGTON INVESTMENT GROUP added130,490$6M0.5%2026-Q1
Professional Financial Management, Inc. added129,045$6M0.5%2026-Q1
Fort Sheridan Advisors LLC added119,661$6M0.4%2026-Q1
Calamos Advisors LLC trimmed119,060$6M0.4%2026-Q1
Seneca House Advisors added118,837$6M0.4%2026-Q1
Tidal Investments LLC trimmed112,748$6M0.4%2026-Q1
Breakwater Capital Group added112,595$6M0.4%2026-Q1
Independent Advisor Alliance added107,350$5M0.4%2026-Q1
Private Advisor Group, LLC added106,068$5M0.4%2026-Q1
TRUIST FINANCIAL CORP added86,005$4M0.3%2026-Q1
CITADEL ADVISORS LLC added83,593$4M0.3%2026-Q1
WEDBUSH SECURITIES INC added72,113$4M0.3%2026-Q1
Beckerman Institutional, LLC added64,870$3M0.2%2026-Q1
J.W. COLE ADVISORS, INC. added62,764$3M0.2%2026-Q1
Narwhal Capital Management trimmed62,064$3M0.2%2026-Q1
Heck Capital Advisors, LLC trimmed61,389$3M0.2%2026-Q1
Park Edge Advisors, LLC added61,371$3M0.2%2026-Q1
Lifetime Wealth Management P.C. added60,229$3M0.2%2026-Q1
Crumly & Associates Inc. added60,108$3M0.2%2026-Q1
BENJAMIN EDWARDS INC added59,170$3M0.2%2026-Q1
Orion Porfolio Solutions, LLC added58,572$3M0.2%2026-Q1
FIRST NATIONAL BANK SIOUX FALLS added52,518$3M0.2%2026-Q1
Anchor Investment Management, LLC added52,716$3M0.2%2026-Q1
Western Wealth Management, LLC new51,964$3M0.2%2026-Q1
PRIVATE CLIENT SERVICES, LLC added50,856$3M0.2%2026-Q1
FIRST MANHATTAN CO. LLC.50,000$2M0.2%2026-Q1
KESTRA PRIVATE WEALTH SERVICES, LLC added48,949$2M0.2%2026-Q1
Encompass More Asset Management new46,489$2M0.2%2026-Q1
Andina Capital Management, LLC trimmed45,725$2M0.2%2026-Q1
Advisory Services Network, LLC trimmed40,393$2M0.1%2026-Q1
Envestnet Portfolio Solutions, Inc. trimmed40,153$2M0.1%2026-Q1
Patten Group, Inc. trimmed39,077$2M0.1%2026-Q1
Citizens National Bank Trust Department trimmed31,197$2M0.1%2026-Q1
HARMONY ASSET MANAGEMENT LLC added28,600$1M0.1%2026-Q1
Rockefeller Capital Management L.P. added28,095$1M0.1%2026-Q1
HighTower Advisors, LLC added27,659$1M0.1%2026-Q1
Continuum Advisory, LLC trimmed26,598$1M0.1%2026-Q1
SMITH, MOORE & CO. added25,872$1M0.1%2026-Q1
Longview Financial Advisors, Inc. added24,323$1M0.1%2026-Q1
OSAIC HOLDINGS, INC. added23,631$1M0.1%2026-Q1
&PARTNERS trimmed23,466$1M0.1%2026-Q1
MORGAN STANLEY trimmed22,772$1M0.1%2026-Q1
Spire Wealth Management new22,100$1M0.1%2026-Q1
Hegarty Advisors, LLC added22,007$1M0.1%2026-Q1
Ancora Advisors LLC added22,000$1M0.1%2026-Q1
Focus Partners Wealth added20,274$1M0.1%2026-Q1
BOS Asset Management, LLC added19,788$979K0.1%2026-Q1
Cambridge Advisors Inc. added19,506$965K0.1%2026-Q1
SEI INVESTMENTS CO trimmed2,914,552$146M10.3%2025-Q1 stale
Municipal Employees' Retirement System of Michigan trimmed2,378,493$119M8.4%2025-Q1 stale
CI INVESTMENTS INC. trimmed359,459$18M1.3%2025-Q4 stale
Morling Financial Advisors, LLC added338,739$17M1.2%2025-Q4 stale
LHM, INC. trimmed151,300$8M0.5%2025-Q1 stale
Family Manage LLC trimmed134,569$7M0.5%2025-Q4 stale
Priebe Wealth Holdings LLC added123,100$6M0.4%2025-Q2 stale
LEUTHOLD GROUP, LLC trimmed99,986$5M0.4%2025-Q2 stale
Orion Portfolio Solutions, LLC added95,919$5M0.3%2025-Q1 stale
Whalen Wealth Management Inc. new79,548$4M0.3%2025-Q1 stale
Northern Financial Advisors Inc new41,863$2M0.1%2025-Q3 stale
Ameritas Advisory Services, LLC added32,350$2M0.1%2025-Q3 stale
K2 Financial Inc. added25,573$1M0.1%2025-Q1 stale
Sequoia Financial Advisors, LLC added22,391$1M0.1%2025-Q4 stale
TOWNSQUARE CAPITAL LLC added22,094$1M0.1%2025-Q1 stale
Alpine Bank Wealth Management added21,414$1M0.1%2025-Q3 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.

HoldersTotal shares

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.

Learn how to read institutional ownership