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Institutional Ownership · SEC Form 13F

Who owns MUST (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-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

86
Institutional holders
21,797,534
Shares held (tracked funds)

How the tape is positioned

17 tracked funds added or opened MUST while 6 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

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 2025-Q4 and 2026-Q1, across 86 tracked filers holding MUST, 51 increased or opened the position and 28 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 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

  • Spartan Wealth Advisory Services LLC$5M
  • NorthRock Partners, LLC$2M
  • GeoWealth Management, LLC$2M
  • Vestmark Advisory Solutions, Inc.$1M
  • CITADEL ADVISORS LLC$510K

Largest adds

  • LPL Financial LLC$26M
  • MORGAN STANLEY$19M
  • AMERIPRISE FINANCIAL INC$10M
  • BANK OF AMERICA CORP /DE/$6M
  • Private Advisor Group, LLC$4M
  • Haven Private, LLC$2M

Largest trims

  • ROYAL BANK OF CANADA$2M
  • JANE STREET GROUP, LLC$1M
  • WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$1M
  • JPMORGAN CHASE & CO$1M
  • OSAIC HOLDINGS, INC.$534K
  • NewEdge Advisors, LLC$337K

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
MORGAN STANLEY added5,908,635$121M26.3%2026-Q1
LPL Financial LLC added4,119,093$84M18.4%2026-Q1
AMERIPRISE FINANCIAL INC added3,362,949$69M15.0%2026-Q1
BANK OF AMERICA CORP /DE/ added1,423,161$29M6.3%2026-Q1
Haven Private, LLC added1,060,246$22M4.7%2026-Q1
WELLS FARGO & COMPANY/MN added1,023,823$21M4.6%2026-Q1
TruWealth Advisors, LLC added294,981$6M1.3%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC added284,904$6M1.3%2026-Q1
RAYMOND JAMES FINANCIAL INC added282,449$6M1.3%2026-Q1
ROYAL BANK OF CANADA trimmed243,147$5M1.1%2026-Q1
Spartan Wealth Advisory Services LLC new227,266$5M1.0%2026-Q1
Private Advisor Group, LLC added226,313$5M1.0%2026-Q1
UBS Group AG added220,994$5M1.0%2026-Q1
JPMORGAN CHASE & CO trimmed199,311$4M0.9%2026-Q1
OSAIC HOLDINGS, INC. trimmed181,494$4M0.8%2026-Q1
Global Wealth Strategies & Associates added164,522$3M0.7%2026-Q1
Baker Avenue Asset Management, LP added157,784$3M0.7%2026-Q1
Frederick Financial Consultants, LLC added144,073$3M0.6%2026-Q1
CAPTRUST FINANCIAL ADVISORS added142,942$3M0.6%2026-Q1
CENTRAL TRUST Co trimmed134,509$3M0.6%2026-Q1
GENESIS PRIVATE WEALTH, LLC added129,360$3M0.6%2026-Q1
Cetera Investment Advisers added127,296$3M0.6%2026-Q1
NorthRock Partners, LLC new112,918$2M0.5%2026-Q1
Foundations Investment Advisors, LLC added99,386$2M0.4%2026-Q1
Amplius Wealth Advisors, LLC added98,231$2M0.4%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed95,412$2M0.4%2026-Q1
ARBOR CAPITAL MANAGEMENT INC /ADV added82,823$2M0.4%2026-Q1
GeoWealth Management, LLC added82,246$2M0.4%2026-Q1
DAYMARK WEALTH PARTNERS, LLC added76,283$2M0.3%2026-Q1
LAKE STREET PRIVATE WEALTH, LLC added67,488$1M0.3%2026-Q1
CONDOR CAPITAL MANAGEMENT added62,711$1M0.3%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added59,801$1M0.3%2026-Q1
Vestmark Advisory Solutions, Inc. new54,046$1M0.2%2026-Q1
Westside Investment Management, Inc. added46,800$959K0.2%2026-Q1
Focus Partners Wealth added44,715$917K0.2%2026-Q1
MONEYWISE, INC. trimmed40,898$839K0.2%2026-Q1
Cornerstone Wealth Management, LLC trimmed37,245$764K0.2%2026-Q1
Lakeside Advisors, INC.36,340$745K0.2%2026-Q1
JANE STREET GROUP, LLC trimmed35,970$738K0.2%2026-Q1
Janney Montgomery Scott LLC added32,281$662K0.1%2026-Q1
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors trimmed25,092$515K0.1%2026-Q1
CITADEL ADVISORS LLC added24,859$510K0.1%2026-Q1
Advisory Services Network, LLC24,398$500K0.1%2026-Q1
Paragon Private Wealth Management, LLC trimmed24,235$497K0.1%2026-Q1
Rare Wolf Capital LLC trimmed23,869$490K0.1%2026-Q1
FIFTH THIRD BANCORP new22,770$467K0.1%2026-Q1
FLOW TRADERS U.S. LLC trimmed21,146$434K0.1%2026-Q1
Roan Capital Partners new20,705$425K0.1%2026-Q1
Prospera Financial Services Inc20,600$423K0.1%2026-Q1
MassMutual Private Wealth & Trust, FSB new20,074$412K0.1%2026-Q1
World Investment Advisors trimmed19,844$407K0.1%2026-Q1
DAVENPORT & Co LLC added19,114$392K0.1%2026-Q1
FLAGSHIP HARBOR ADVISORS, LLC added17,536$360K0.1%2026-Q1
Summit Financial, LLC added15,947$327K0.1%2026-Q1
&PARTNERS trimmed15,710$322K0.1%2026-Q1
Redwood Investment Management, LLC added14,968$307K0.1%2026-Q1
CVFG LLC added14,957$307K0.1%2026-Q1
Elequin Capital, LP new14,820$304K0.1%2026-Q1
Concurrent Investment Advisors, LLC trimmed14,581$299K0.1%2026-Q1
LIBERTY SQUARE WEALTH PARTNERS LLC14,459$297K0.1%2026-Q1
Integrated Wealth Concepts LLC added13,733$282K0.1%2026-Q1
C M BIDWELL & ASSOCIATES LTD13,127$269K0.1%2026-Q1
Horst & Graben Wealth Management LLC added12,694$262K0.1%2026-Q1
OneAscent Financial Services LLC11,796$242K0.1%2026-Q1
INTEGRITY WEALTH ADVISORS, INC. trimmed11,676$239K0.1%2026-Q1
Bleakley Financial Group, LLC11,656$239K0.1%2026-Q1
MML INVESTORS SERVICES, LLC trimmed11,451$235K0.1%2026-Q1
Rockefeller Capital Management L.P.11,175$229K0.0%2026-Q1
TRUIST FINANCIAL CORP added11,107$228K0.0%2026-Q1
Waverly Advisors, LLC new10,930$224K0.0%2026-Q1
Ascentis Independent Advisors new10,416$214K0.0%2026-Q1
CENTAURUS FINANCIAL, INC.10,335$212K0.0%2026-Q1
EverSource Wealth Advisors, LLC trimmed3,432$160K0.0%2026-Q1
Farther Finance Advisors, LLC trimmed6,115$125K0.0%2026-Q1
PRIVATE TRUST CO NA added5,687$117K0.0%2026-Q1
IFP Advisors, Inc trimmed4,460$91K0.0%2026-Q1
ARQ WEALTH ADVISORS, LLC new145,368$3M0.6%2025-Q2 stale
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC109,039$2M0.5%2025-Q2 stale
SUSQUEHANNA INTERNATIONAL GROUP, LLP added61,054$1M0.3%2025-Q2 stale
NATIXIS ADVISORS, LLC added50,231$1M0.2%2025-Q3 stale
GenWealth Group, Inc. new28,639$577K0.1%2025-Q1 stale
COMERICA BANK added22,988$474K0.1%2025-Q4 stale
TBH Global Asset Management, LLC new22,651$467K0.1%2025-Q4 stale
Atria Investments, Inc trimmed22,292$449K0.1%2025-Q2 stale
OLD MISSION CAPITAL LLC trimmed20,774$418K0.1%2025-Q1 stale
New Insight Wealth Advisors18,976$390K0.1%2025-Q3 stale
GOLDMAN SACHS GROUP INC new16,137$331K0.1%2025-Q3 stale
PURE PORTFOLIOS HOLDINGS LLC trimmed15,528$320K0.1%2025-Q4 stale
Vertex Planning Partners, LLC added15,076$310K0.1%2025-Q3 stale
TWO SIGMA SECURITIES, LLC new13,357$269K0.1%2025-Q2 stale
Golden State Wealth Management, LLC added12,000$246K0.1%2025-Q3 stale
Pine Valley Investments Ltd Liability Co11,675$241K0.1%2025-Q4 stale
Cambridge Investment Research Advisors, Inc. trimmed11,804$238K0.1%2025-Q2 stale
Lido Advisors, LLC new11,500$232K0.1%2025-Q1 stale
Collaborative Wealth Managment Inc. added11,134$224K0.0%2025-Q2 stale
ORG Partners LLC10,416$215K0.0%2025-Q4 stale
SILVER OAK SECURITIES, INCORPORATED added10,587$213K0.0%2025-Q1 stale
STIFEL FINANCIAL CORP trimmed9,840$202K0.0%2025-Q3 stale
US BANCORP \DE\ new4,771$98K0.0%2025-Q4 stale
HARBOUR INVESTMENTS, INC.4,265$88K0.0%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