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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| MORGAN STANLEY added | 5,908,635 | $121M | 26.3% | 2026-Q1 |
| LPL Financial LLC added | 4,119,093 | $84M | 18.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 3,362,949 | $69M | 15.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,423,161 | $29M | 6.3% | 2026-Q1 |
| Haven Private, LLC added | 1,060,246 | $22M | 4.7% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,023,823 | $21M | 4.6% | 2026-Q1 |
| TruWealth Advisors, LLC added | 294,981 | $6M | 1.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 284,904 | $6M | 1.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 282,449 | $6M | 1.3% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 243,147 | $5M | 1.1% | 2026-Q1 |
| Spartan Wealth Advisory Services LLC new | 227,266 | $5M | 1.0% | 2026-Q1 |
| Private Advisor Group, LLC added | 226,313 | $5M | 1.0% | 2026-Q1 |
| UBS Group AG added | 220,994 | $5M | 1.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 199,311 | $4M | 0.9% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 181,494 | $4M | 0.8% | 2026-Q1 |
| Global Wealth Strategies & Associates added | 164,522 | $3M | 0.7% | 2026-Q1 |
| Baker Avenue Asset Management, LP added | 157,784 | $3M | 0.7% | 2026-Q1 |
| Frederick Financial Consultants, LLC added | 144,073 | $3M | 0.6% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 142,942 | $3M | 0.6% | 2026-Q1 |
| CENTRAL TRUST Co trimmed | 134,509 | $3M | 0.6% | 2026-Q1 |
| GENESIS PRIVATE WEALTH, LLC added | 129,360 | $3M | 0.6% | 2026-Q1 |
| Cetera Investment Advisers added | 127,296 | $3M | 0.6% | 2026-Q1 |
| NorthRock Partners, LLC new | 112,918 | $2M | 0.5% | 2026-Q1 |
| Foundations Investment Advisors, LLC added | 99,386 | $2M | 0.4% | 2026-Q1 |
| Amplius Wealth Advisors, LLC added | 98,231 | $2M | 0.4% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 95,412 | $2M | 0.4% | 2026-Q1 |
| ARBOR CAPITAL MANAGEMENT INC /ADV added | 82,823 | $2M | 0.4% | 2026-Q1 |
| GeoWealth Management, LLC added | 82,246 | $2M | 0.4% | 2026-Q1 |
| DAYMARK WEALTH PARTNERS, LLC added | 76,283 | $2M | 0.3% | 2026-Q1 |
| LAKE STREET PRIVATE WEALTH, LLC added | 67,488 | $1M | 0.3% | 2026-Q1 |
| CONDOR CAPITAL MANAGEMENT added | 62,711 | $1M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 59,801 | $1M | 0.3% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. new | 54,046 | $1M | 0.2% | 2026-Q1 |
| Westside Investment Management, Inc. added | 46,800 | $959K | 0.2% | 2026-Q1 |
| Focus Partners Wealth added | 44,715 | $917K | 0.2% | 2026-Q1 |
| MONEYWISE, INC. trimmed | 40,898 | $839K | 0.2% | 2026-Q1 |
| Cornerstone Wealth Management, LLC trimmed | 37,245 | $764K | 0.2% | 2026-Q1 |
| Lakeside Advisors, INC. | 36,340 | $745K | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 35,970 | $738K | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 32,281 | $662K | 0.1% | 2026-Q1 |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors trimmed | 25,092 | $515K | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 24,859 | $510K | 0.1% | 2026-Q1 |
| Advisory Services Network, LLC | 24,398 | $500K | 0.1% | 2026-Q1 |
| Paragon Private Wealth Management, LLC trimmed | 24,235 | $497K | 0.1% | 2026-Q1 |
| Rare Wolf Capital LLC trimmed | 23,869 | $490K | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 22,770 | $467K | 0.1% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 21,146 | $434K | 0.1% | 2026-Q1 |
| Roan Capital Partners new | 20,705 | $425K | 0.1% | 2026-Q1 |
| Prospera Financial Services Inc | 20,600 | $423K | 0.1% | 2026-Q1 |
| MassMutual Private Wealth & Trust, FSB new | 20,074 | $412K | 0.1% | 2026-Q1 |
| World Investment Advisors trimmed | 19,844 | $407K | 0.1% | 2026-Q1 |
| DAVENPORT & Co LLC added | 19,114 | $392K | 0.1% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 17,536 | $360K | 0.1% | 2026-Q1 |
| Summit Financial, LLC added | 15,947 | $327K | 0.1% | 2026-Q1 |
| &PARTNERS trimmed | 15,710 | $322K | 0.1% | 2026-Q1 |
| Redwood Investment Management, LLC added | 14,968 | $307K | 0.1% | 2026-Q1 |
| CVFG LLC added | 14,957 | $307K | 0.1% | 2026-Q1 |
| Elequin Capital, LP new | 14,820 | $304K | 0.1% | 2026-Q1 |
| Concurrent Investment Advisors, LLC trimmed | 14,581 | $299K | 0.1% | 2026-Q1 |
| LIBERTY SQUARE WEALTH PARTNERS LLC | 14,459 | $297K | 0.1% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 13,733 | $282K | 0.1% | 2026-Q1 |
| C M BIDWELL & ASSOCIATES LTD | 13,127 | $269K | 0.1% | 2026-Q1 |
| Horst & Graben Wealth Management LLC added | 12,694 | $262K | 0.1% | 2026-Q1 |
| OneAscent Financial Services LLC | 11,796 | $242K | 0.1% | 2026-Q1 |
| INTEGRITY WEALTH ADVISORS, INC. trimmed | 11,676 | $239K | 0.1% | 2026-Q1 |
| Bleakley Financial Group, LLC | 11,656 | $239K | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 11,451 | $235K | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. | 11,175 | $229K | 0.0% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 11,107 | $228K | 0.0% | 2026-Q1 |
| Waverly Advisors, LLC new | 10,930 | $224K | 0.0% | 2026-Q1 |
| Ascentis Independent Advisors new | 10,416 | $214K | 0.0% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. | 10,335 | $212K | 0.0% | 2026-Q1 |
| EverSource Wealth Advisors, LLC trimmed | 3,432 | $160K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC trimmed | 6,115 | $125K | 0.0% | 2026-Q1 |
| PRIVATE TRUST CO NA added | 5,687 | $117K | 0.0% | 2026-Q1 |
| IFP Advisors, Inc trimmed | 4,460 | $91K | 0.0% | 2026-Q1 |
| ARQ WEALTH ADVISORS, LLC new | 145,368 | $3M | 0.6% | 2025-Q2 stale |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC | 109,039 | $2M | 0.5% | 2025-Q2 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 61,054 | $1M | 0.3% | 2025-Q2 stale |
| NATIXIS ADVISORS, LLC added | 50,231 | $1M | 0.2% | 2025-Q3 stale |
| GenWealth Group, Inc. new | 28,639 | $577K | 0.1% | 2025-Q1 stale |
| COMERICA BANK added | 22,988 | $474K | 0.1% | 2025-Q4 stale |
| TBH Global Asset Management, LLC new | 22,651 | $467K | 0.1% | 2025-Q4 stale |
| Atria Investments, Inc trimmed | 22,292 | $449K | 0.1% | 2025-Q2 stale |
| OLD MISSION CAPITAL LLC trimmed | 20,774 | $418K | 0.1% | 2025-Q1 stale |
| New Insight Wealth Advisors | 18,976 | $390K | 0.1% | 2025-Q3 stale |
| GOLDMAN SACHS GROUP INC new | 16,137 | $331K | 0.1% | 2025-Q3 stale |
| PURE PORTFOLIOS HOLDINGS LLC trimmed | 15,528 | $320K | 0.1% | 2025-Q4 stale |
| Vertex Planning Partners, LLC added | 15,076 | $310K | 0.1% | 2025-Q3 stale |
| TWO SIGMA SECURITIES, LLC new | 13,357 | $269K | 0.1% | 2025-Q2 stale |
| Golden State Wealth Management, LLC added | 12,000 | $246K | 0.1% | 2025-Q3 stale |
| Pine Valley Investments Ltd Liability Co | 11,675 | $241K | 0.1% | 2025-Q4 stale |
| Cambridge Investment Research Advisors, Inc. trimmed | 11,804 | $238K | 0.1% | 2025-Q2 stale |
| Lido Advisors, LLC new | 11,500 | $232K | 0.1% | 2025-Q1 stale |
| Collaborative Wealth Managment Inc. added | 11,134 | $224K | 0.0% | 2025-Q2 stale |
| ORG Partners LLC | 10,416 | $215K | 0.0% | 2025-Q4 stale |
| SILVER OAK SECURITIES, INCORPORATED added | 10,587 | $213K | 0.0% | 2025-Q1 stale |
| STIFEL FINANCIAL CORP trimmed | 9,840 | $202K | 0.0% | 2025-Q3 stale |
| US BANCORP \DE\ new | 4,771 | $98K | 0.0% | 2025-Q4 stale |
| HARBOUR INVESTMENTS, INC. | 4,265 | $88K | 0.0% | 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.
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.