Who owns NAD
Which tracked institutional funds hold NAD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NAD company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-20). 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
34 tracked funds added or opened NAD while 16 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
NAD’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 NAD more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in NAD 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 273 tracked filers holding NAD, 120 increased or opened the position and 103 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 NAD 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 4
- NewEdge Advisors, LLC$6M
- Peak Asset Management, LLC$999K
- Regatta Research & Money Management$792K
- Worth Asset Management, LLC$517K
Full exits 6
- COHEN & STEERS, INC.$4M
- Bramshill Investments, LLC$3M
- Cambridge Investment Research Advisors, Inc.$3M
- SIT INVESTMENT ASSOCIATES INC$3M
- HighTower Advisors, LLC$1M
- Concorde Asset Management, LLC$597K
Largest adds
- GUGGENHEIM CAPITAL LLC$9M
- Hennion & Walsh Asset Management, Inc.$6M
- WELLS FARGO & COMPANY/MN$5M
- MORGAN STANLEY$4M
- VAN ECK ASSOCIATES CORP$3M
- AMERIPRISE FINANCIAL INC$3M
Largest trims
- GFS Advisors, LLC$6M
- RAYMOND JAMES FINANCIAL INC$5M
- JANE STREET GROUP, LLC$1M
- Advisors Asset Management, Inc.$1M
- BANK OF AMERICA CORP /DE/$880K
- GILL CAPITAL PARTNERS, LLC$676K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| MORGAN STANLEY added | 6,661,733 | $81M | 15.4% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 3,620,112 | $44M | 8.3% | 2026-Q2 |
| UBS Group AG trimmed | 3,121,270 | $38M | 7.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,790,256 | $34M | 6.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,317,429 | $28M | 5.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 2,071,280 | $25M | 4.8% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 1,375,036 | $17M | 3.2% | 2026-Q2 |
| Hennion & Walsh Asset Management, Inc. added | 1,373,096 | $17M | 3.2% | 2026-Q2 |
| McGowan Group Asset Management, Inc. trimmed | 1,361,907 | $17M | 3.1% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 1,288,803 | $16M | 3.0% | 2026-Q2 |
| LPL Financial LLC added | 1,265,467 | $15M | 2.9% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 990,972 | $12M | 2.3% | 2026-Q2 |
| Cornerstone Advisory, LLC trimmed | 813,878 | $10M | 1.9% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 757,076 | $9M | 1.7% | 2026-Q2 |
| Eagle Bluffs Wealth Management LLC added | 750,650 | $9M | 1.7% | 2026-Q2 |
| Cetera Investment Advisers added | 742,472 | $9M | 1.7% | 2026-Q2 |
| Congress Park Capital LLC added | 618,500 | $7M | 1.4% | 2026-Q2 |
| Melone Private Wealth, LLC added | 569,497 | $7M | 1.3% | 2026-Q2 |
| GFS Advisors, LLC added | 525,720 | $1M | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC added | 486,357 | $6M | 1.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ | 416,376 | $5M | 1.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 411,801 | $5M | 0.9% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 396,856 | $5M | 0.9% | 2026-Q2 |
| Advisors Asset Management, Inc. trimmed | 371,722 | $5M | 0.9% | 2026-Q2 |
| Savant Capital, LLC added | 367,968 | $4M | 0.8% | 2026-Q2 |
| Palogic Value Management, L.P. added | 350,711 | $4M | 0.8% | 2026-Q2 |
| Capital Investment Advisors, LLC trimmed | 305,660 | $4M | 0.7% | 2026-Q2 |
| Allianz Asset Management GmbH | 300,646 | $4M | 0.7% | 2026-Q2 |
| AE Wealth Management LLC added | 291,032 | $4M | 0.7% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 253,680 | $3M | 0.6% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 234,360 | $3M | 0.5% | 2026-Q2 |
| Fiera Capital Corp trimmed | 214,702 | $3M | 0.5% | 2026-Q2 |
| Sightline Wealth Advisors, LLC added | 213,893 | $3M | 0.5% | 2026-Q2 |
| Invesco Ltd. added | 207,824 | $3M | 0.5% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 197,705 | $2M | 0.5% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 195,686 | $2M | 0.5% | 2026-Q2 |
| Cerity Partners LLC trimmed | 194,009 | $2M | 0.4% | 2026-Q2 |
| Wakefield Asset Management LLLP added | 193,285 | $2M | 0.4% | 2026-Q2 |
| Sanctuary Advisors, LLC trimmed | 152,238 | $2M | 0.4% | 2026-Q2 |
| Mutual Advisors, LLC trimmed | 145,172 | $2M | 0.3% | 2026-Q2 |
| Kuhn & Co Investment Counsel added | 141,712 | $2M | 0.3% | 2026-Q2 |
| Tyche Wealth Partners LLC trimmed | 133,581 | $2M | 0.3% | 2026-Q2 |
| GILL CAPITAL PARTNERS, LLC trimmed | 132,609 | $2M | 0.3% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 127,472 | $2M | 0.3% | 2026-Q2 |
| Breakwater Capital Group added | 125,400 | $2M | 0.3% | 2026-Q2 |
| Prospera Financial Services Inc trimmed | 122,291 | $1M | 0.3% | 2026-Q2 |
| &PARTNERS added | 121,168 | $1M | 0.3% | 2026-Q2 |
| JFS WEALTH ADVISORS, LLC added | 118,724 | $1M | 0.3% | 2026-Q2 |
| IBEX WEALTH ADVISORS trimmed | 118,437 | $1M | 0.3% | 2026-Q2 |
| Baird Financial Group, Inc. added | 116,533 | $1M | 0.3% | 2026-Q2 |
| Indivisible Partners added | 116,457 | $1M | 0.3% | 2026-Q2 |
| Wealth Advisors of Tampa Bay, LLC trimmed | 115,182 | $1M | 0.3% | 2026-Q2 |
| Modern Wealth Management, LLC trimmed | 110,385 | $1M | 0.3% | 2026-Q2 |
| CURA WEALTH ADVISORS, LLC | 110,000 | $1M | 0.3% | 2026-Q2 |
| XTX Topco Ltd added | 107,739 | $1M | 0.2% | 2026-Q2 |
| XML Financial, LLC trimmed | 106,183 | $1M | 0.2% | 2026-Q2 |
| HORIZON KINETICS ASSET MANAGEMENT LLC trimmed | 105,829 | $1M | 0.2% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC | 103,138 | $1M | 0.2% | 2026-Q2 |
| Everstar Asset Management, LLC added | 100,425 | $1M | 0.2% | 2026-Q2 |
| KIM, LLC | 100,000 | $1M | 0.2% | 2026-Q2 |
| Summit Financial, LLC added | 96,436 | $1M | 0.2% | 2026-Q2 |
| Summit Trail Advisors, LLC trimmed | 93,298 | $1M | 0.2% | 2026-Q2 |
| Kercheville Advisors, LLC added | 92,362 | $1M | 0.2% | 2026-Q2 |
| IHT Wealth Management, LLC added | 92,000 | $1M | 0.2% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 86,288 | $1M | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 85,539 | $1M | 0.2% | 2026-Q2 |
| OPPENHEIMER & CO INC trimmed | 83,494 | $1M | 0.2% | 2026-Q2 |
| SILVERLAKE WEALTH MANAGEMENT LLC added | 83,449 | $1M | 0.2% | 2026-Q2 |
| Peak Asset Management, LLC new | 82,432 | $999K | 0.2% | 2026-Q2 |
| FOCUSED ALPHA, LLC added | 82,205 | $996K | 0.2% | 2026-Q2 |
| BENJAMIN EDWARDS INC added | 80,250 | $973K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 78,857 | $956K | 0.2% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 75,611 | $916K | 0.2% | 2026-Q2 |
| SMITH, MOORE & CO. added | 74,697 | $905K | 0.2% | 2026-Q2 |
| MSH Capital Advisors LLC added | 69,947 | $848K | 0.2% | 2026-Q2 |
| Avior Wealth Management, LLC trimmed | 69,717 | $845K | 0.2% | 2026-Q2 |
| Wealth Alliance Advisory Group, LLC added | 67,825 | $822K | 0.2% | 2026-Q2 |
| Regatta Research & Money Management new | 65,325 | $792K | 0.2% | 2026-Q2 |
| Koshinski Asset Management, Inc. | 63,042 | $764K | 0.1% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 62,001 | $753K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 60,880 | $738K | 0.1% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 60,829 | $737K | 0.1% | 2026-Q2 |
| Focus Partners Wealth added | 58,329 | $707K | 0.1% | 2026-Q2 |
| CFM WEALTH PARTNERS LLC | 57,144 | $693K | 0.1% | 2026-Q2 |
| RFG Advisory, LLC added | 52,498 | $636K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 50,844 | $616K | 0.1% | 2026-Q2 |
| Wealth Care LLC | 50,000 | $606K | 0.1% | 2026-Q2 |
| ORLEANS CAPITAL MANAGEMENT CORP/LA | 49,950 | $605K | 0.1% | 2026-Q2 |
| Spire Wealth Management added | 49,547 | $601K | 0.1% | 2026-Q2 |
| Realta Investment Advisors | 48,897 | $593K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 47,869 | $580K | 0.1% | 2026-Q2 |
| CoreCap Advisors, LLC added | 47,791 | $579K | 0.1% | 2026-Q2 |
| MAI Capital Management trimmed | 47,659 | $578K | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC added | 46,997 | $570K | 0.1% | 2026-Q2 |
| Moors & Cabot, Inc. added | 46,164 | $560K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 44,465 | $530K | 0.1% | 2026-Q2 |
| BNC WEALTH MANAGEMENT, LLC | 44,372 | $538K | 0.1% | 2026-Q2 |
| Worthington Financial Partners, LLC trimmed | 43,128 | $523K | 0.1% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 42,880 | $520K | 0.1% | 2026-Q2 |
| Worth Asset Management, LLC new | 42,662 | $517K | 0.1% | 2026-Q2 |
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.