Who owns MUST
Which tracked institutional funds hold MUST, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MUST company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 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
23 tracked funds added or opened MUST while 10 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
MUST’s largest tracked holder by dollar value, MORGAN STANLEY, 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 gap the other way — the median holder sizes MUST more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in MUST 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 80 tracked filers holding MUST, 50 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 MUST 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 5
- ARQ WEALTH ADVISORS, LLC$6M
- GOLDMAN SACHS GROUP INC$2M
- Mariner, LLC$1M
- Vested Financial Planning, LLC$539K
- Gateway Wealth Partners, LLC$515K
Full exits 4
- TruWealth Advisors, LLC$6M
- Janney Montgomery Scott LLC$662K
- Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors$515K
- CITADEL ADVISORS LLC$510K
Largest adds
- Concurrent Investment Advisors, LLC$8M
- Waverly Advisors, LLC$7M
- DAYMARK WEALTH PARTNERS, LLC$4M
- Haven Private, LLC$3M
- BANK OF AMERICA CORP /DE/$2M
- Summit Financial, LLC$646K
Largest trims
- AMERIPRISE FINANCIAL INC$8M
- LPL Financial LLC$4M
- JPMORGAN CHASE & CO$3M
- GeoWealth Management, LLC$1M
- JANE STREET GROUP, LLC$433K
- NorthRock Partners, LLC$291K
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 |
|---|---|---|---|---|
| MORGAN STANLEY trimmed | 5,840,141 | $121M | 25.4% | 2026-Q2 |
| LPL Financial LLC trimmed | 3,872,933 | $81M | 16.9% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 2,942,343 | $61M | 12.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,492,122 | $31M | 6.5% | 2026-Q2 |
| Haven Private, LLC added | 1,188,853 | $25M | 5.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 1,037,444 | $22M | 4.5% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 410,031 | $9M | 1.8% | 2026-Q2 |
| Waverly Advisors, LLC added | 334,757 | $7M | 1.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 290,660 | $6M | 1.3% | 2026-Q2 |
| ARQ WEALTH ADVISORS, LLC added | 292,528 | $6M | 1.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 285,067 | $6M | 1.2% | 2026-Q2 |
| DAYMARK WEALTH PARTNERS, LLC added | 247,898 | $5M | 1.1% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 246,431 | $5M | 1.1% | 2026-Q2 |
| UBS Group AG added | 242,081 | $5M | 1.1% | 2026-Q2 |
| Private Advisor Group, LLC added | 238,271 | $5M | 1.0% | 2026-Q2 |
| Spartan Wealth Advisory Services LLC added | 229,666 | $5M | 1.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 195,462 | $4M | 0.9% | 2026-Q2 |
| Global Wealth Strategies & Associates added | 176,439 | $4M | 0.8% | 2026-Q2 |
| Baker Avenue Asset Management, LP added | 166,062 | $3M | 0.7% | 2026-Q2 |
| Frederick Financial Consultants, LLC added | 158,981 | $3M | 0.7% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 152,918 | $3M | 0.7% | 2026-Q2 |
| GENESIS PRIVATE WEALTH, LLC added | 141,222 | $3M | 0.6% | 2026-Q2 |
| CENTRAL TRUST Co added | 135,384 | $3M | 0.6% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 125,856 | $3M | 0.5% | 2026-Q2 |
| Foundations Investment Advisors, LLC added | 107,507 | $2M | 0.5% | 2026-Q2 |
| Amplius Wealth Advisors, LLC added | 107,120 | $2M | 0.5% | 2026-Q2 |
| NorthRock Partners, LLC trimmed | 97,360 | $2M | 0.4% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 87,713 | $2M | 0.4% | 2026-Q2 |
| ARBOR CAPITAL MANAGEMENT INC /ADV trimmed | 81,654 | $2M | 0.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 74,794 | $2M | 0.3% | 2026-Q2 |
| Mariner, LLC new | 71,605 | $1M | 0.3% | 2026-Q2 |
| LAKE STREET PRIVATE WEALTH, LLC added | 67,556 | $1M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 66,237 | $1M | 0.3% | 2026-Q2 |
| CONDOR CAPITAL MANAGEMENT added | 63,782 | $1M | 0.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 58,491 | $1M | 0.3% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. trimmed | 51,320 | $1M | 0.2% | 2026-Q2 |
| Westside Investment Management, Inc. added | 47,000 | $978K | 0.2% | 2026-Q2 |
| Summit Financial, LLC added | 46,783 | $973K | 0.2% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 41,073 | $854K | 0.2% | 2026-Q2 |
| MONEYWISE, INC. trimmed | 37,859 | $787K | 0.2% | 2026-Q2 |
| Cornerstone Wealth Management, LLC added | 37,268 | $775K | 0.2% | 2026-Q2 |
| Lakeside Advisors, INC. | 36,340 | $756K | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 34,384 | $715K | 0.1% | 2026-Q2 |
| Rare Wolf Capital LLC added | 33,864 | $704K | 0.1% | 2026-Q2 |
| Focus Partners Wealth trimmed | 33,672 | $700K | 0.1% | 2026-Q2 |
| GeoWealth Management, LLC trimmed | 25,909 | $539K | 0.1% | 2026-Q2 |
| Vested Financial Planning, LLC new | 25,909 | $539K | 0.1% | 2026-Q2 |
| Gateway Wealth Partners, LLC new | 24,750 | $515K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 23,284 | $484K | 0.1% | 2026-Q2 |
| DAVENPORT & Co LLC added | 20,886 | $434K | 0.1% | 2026-Q2 |
| Roan Capital Partners trimmed | 19,958 | $415K | 0.1% | 2026-Q2 |
| MassMutual Private Wealth & Trust, FSB trimmed | 19,622 | $408K | 0.1% | 2026-Q2 |
| World Investment Advisors | 19,844 | $407K | 0.1% | 2026-Q2 |
| Paragon Private Wealth Management, LLC trimmed | 19,068 | $397K | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 19,013 | $395K | 0.1% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 18,326 | $381K | 0.1% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 17,693 | $368K | 0.1% | 2026-Q2 |
| Bleakley Financial Group, LLC added | 15,577 | $324K | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 15,560 | $324K | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 14,669 | $305K | 0.1% | 2026-Q2 |
| LIBERTY SQUARE WEALTH PARTNERS LLC | 14,459 | $301K | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 14,023 | $292K | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 13,461 | $280K | 0.1% | 2026-Q2 |
| CVFG LLC trimmed | 13,451 | $280K | 0.1% | 2026-Q2 |
| C M BIDWELL & ASSOCIATES LTD | 13,127 | $273K | 0.1% | 2026-Q2 |
| Prospera Financial Services Inc trimmed | 12,900 | $268K | 0.1% | 2026-Q2 |
| Horst & Graben Wealth Management LLC added | 12,744 | $263K | 0.1% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 12,552 | $261K | 0.1% | 2026-Q2 |
| OneAscent Financial Services LLC added | 12,340 | $257K | 0.1% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 10,115 | $210K | 0.0% | 2026-Q2 |
| FMR LLC added | 9,727 | $202K | 0.0% | 2026-Q2 |
| PRIVATE TRUST CO NA trimmed | 4,796 | $100K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 3,677 | $76K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC trimmed | 1,768 | $37K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC new | 1,256 | $26K | 0.0% | 2026-Q2 |
| Geneos Wealth Management Inc. | 1,000 | $21K | 0.0% | 2026-Q2 |
| COMPASS FINANCIAL MANAGEMENT LLC new | 875 | $18K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP new | 512 | $11K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) | 100 | $2K | 0.0% | 2026-Q2 |
| Larson Financial Group LLC | 1 | $29 | 0.0% | 2026-Q2 |
| TruWealth Advisors, LLC added | 294,981 | $6M | 1.3% | 2026-Q1 stale (1 quarter behind) |
| Janney Montgomery Scott LLC added | 32,281 | $662K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors trimmed | 25,092 | $515K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC added | 24,859 | $510K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| FLOW TRADERS U.S. LLC trimmed | 21,146 | $434K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| &PARTNERS trimmed | 15,710 | $322K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Redwood Investment Management, LLC added | 14,968 | $307K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Elequin Capital, LP new | 14,820 | $304K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| COMERICA BANK added | 22,988 | $474K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| TBH Global Asset Management, LLC new | 22,651 | $467K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| PURE PORTFOLIOS HOLDINGS LLC trimmed | 15,528 | $320K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Pine Valley Investments Ltd Liability Co | 11,675 | $241K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| NATIXIS ADVISORS, LLC added | 50,231 | $1M | 0.2% | 2025-Q3 stale (3 quarters behind) |
| New Insight Wealth Advisors | 18,976 | $390K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Vertex Planning Partners, LLC added | 15,076 | $310K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Golden State Wealth Management, LLC added | 12,000 | $246K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC | 109,039 | $2M | 0.5% | 2025-Q2 stale (4 quarters behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP new | 61,054 | $1M | 0.3% | 2025-Q2 stale (4 quarters behind) |
| Atria Investments, Inc trimmed | 22,292 | $449K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| TWO SIGMA SECURITIES, LLC new | 13,357 | $269K | 0.1% | 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.