Who owns NCV
Which tracked institutional funds hold NCV, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NCV company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-19). 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
7 tracked funds added or opened NCV while 11 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
NCV’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 NCV more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in NCV 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 59 tracked filers holding NCV, 30 increased or opened the position and 34 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 NCV 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 1
- Wealth Care LLC$1M
Full exits 4
- Thomas J. Herzfeld Advisors, Inc.$3M
- NewEdge Advisors, LLC$1M
- Logan Stone Capital, LLC$803K
- CHOREO, LLC$501K
Largest adds
- Saba Capital Management, L.P.$8M
- GUGGENHEIM CAPITAL LLC$1M
- Congress Park Capital LLC$801K
- CoreCap Advisors, LLC$772K
- MORGAN STANLEY$402K
- Private Advisor Group, LLC$394K
Largest trims
- Penserra Capital Management LLC$4M
- ENVESTNET ASSET MANAGEMENT INC$3M
- WOLVERINE ASSET MANAGEMENT LLC$2M
- Advisors Asset Management, Inc.$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$496K
- Shaker Financial Services, LLC$487K
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 | 1,304,355 | $19M | 17.3% | 2026-Q1 |
| Congress Park Capital LLC added | 802,324 | $12M | 10.7% | 2026-Q1 |
| Saba Capital Management, L.P. added | 723,578 | $11M | 9.6% | 2026-Q1 |
| Advisors Asset Management, Inc. trimmed | 601,076 | $9M | 8.0% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 417,402 | $6M | 5.6% | 2026-Q1 |
| Penserra Capital Management LLC trimmed | 378,576 | $6M | 5.0% | 2026-Q1 |
| LPL Financial LLC added | 370,347 | $6M | 4.9% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 273,944 | $4M | 3.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 259,920 | $4M | 3.5% | 2026-Q1 |
| Private Advisor Group, LLC added | 164,322 | $2M | 2.2% | 2026-Q1 |
| Summit Financial, LLC trimmed | 123,998 | $2M | 1.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 98,503 | $1M | 1.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 89,852 | $1M | 1.2% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC trimmed | 84,620 | $1M | 1.1% | 2026-Q1 |
| Wealth Care LLC new | 68,299 | $1M | 0.9% | 2026-Q1 |
| CoreCap Advisors, LLC added | 68,200 | $1M | 0.9% | 2026-Q1 |
| Invesco Ltd. trimmed | 62,663 | $932K | 0.8% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 49,322 | $734K | 0.7% | 2026-Q1 |
| Thrivent Financial for Lutherans | 39,548 | $589K | 0.5% | 2026-Q1 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added | 36,785 | $547K | 0.5% | 2026-Q1 |
| READYSTATE ASSET MANAGEMENT LP added | 36,738 | $547K | 0.5% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 34,092 | $507K | 0.5% | 2026-Q1 |
| Lido Advisors, LLC | 31,729 | $472K | 0.4% | 2026-Q1 |
| Pathstone Holdings, LLC added | 31,460 | $468K | 0.4% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 30,133 | $448K | 0.4% | 2026-Q1 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 29,312 | $436K | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 28,006 | $417K | 0.4% | 2026-Q1 |
| &PARTNERS added | 27,347 | $407K | 0.4% | 2026-Q1 |
| UBS Group AG added | 27,249 | $405K | 0.4% | 2026-Q1 |
| Cetera Investment Advisers added | 27,019 | $402K | 0.4% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 26,730 | $398K | 0.4% | 2026-Q1 |
| Merit Financial Group, LLC trimmed | 22,932 | $341K | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 21,358 | $318K | 0.3% | 2026-Q1 |
| Mariner, LLC trimmed | 19,347 | $286K | 0.3% | 2026-Q1 |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 16,256 | $242K | 0.2% | 2026-Q1 |
| Shaker Financial Services, LLC trimmed | 14,584 | $217K | 0.2% | 2026-Q1 |
| E&G Advisors, LP trimmed | 11,769 | $175K | 0.2% | 2026-Q1 |
| Everstar Asset Management, LLC | 11,525 | $171K | 0.2% | 2026-Q1 |
| Alteri Wealth LLC added | 11,380 | $169K | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 6,027 | $90K | 0.1% | 2026-Q1 |
| CWM, LLC added | 4,666 | $69K | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 3,082 | $46K | 0.0% | 2026-Q1 |
| Pinnacle Wealth Planning Services, Inc. trimmed | 2,579 | $38K | 0.0% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 1,320 | $20K | 0.0% | 2026-Q1 |
| WPG Advisers, LLC added | 1,128 | $17K | 0.0% | 2026-Q1 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added | 840 | $13K | 0.0% | 2026-Q1 |
| Financial Gravity Asset Management, Inc. | 793 | $12K | 0.0% | 2026-Q1 |
| GHP Investment Advisors, Inc. | 750 | $11K | 0.0% | 2026-Q1 |
| PEOPLES FINANCIAL SERVICES CORP. | 707 | $11K | 0.0% | 2026-Q1 |
| Western Wealth Management, LLC new | 616 | $9K | 0.0% | 2026-Q1 |
| BlackRock, Inc. new | 422 | $6K | 0.0% | 2026-Q1 |
| Allworth Financial LP | 372 | $6K | 0.0% | 2026-Q1 |
| HIGHLINE WEALTH PARTNERS LLC added | 163 | $2K | 0.0% | 2026-Q1 |
| Root Financial Partners, LLC new | 161 | $2K | 0.0% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 75 | $1K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC | 68 | $1K | 0.0% | 2026-Q1 |
| ASSETMARK, INC | 57 | $848 | 0.0% | 2026-Q1 |
| WHITTIER TRUST CO OF NEVADA INC new | 4 | $62 | 0.0% | 2026-Q1 |
| FMR LLC added | 2 | $30 | 0.0% | 2026-Q1 |
| Thomas J. Herzfeld Advisors, Inc. new | 174,319 | $3M | 2.4% | 2025-Q4 stale |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 184,971 | $2M | 2.1% | 2025-Q1 stale |
| WNY Asset Management, LLC trimmed | 104,704 | $2M | 1.4% | 2025-Q3 stale |
| NewEdge Advisors, LLC added | 76,741 | $1M | 1.0% | 2025-Q4 stale |
| Gridiron Partners, LLC trimmed | 75,010 | $970K | 0.9% | 2025-Q1 stale |
| Cornerstone Advisors, LLC trimmed | 63,250 | $949K | 0.8% | 2025-Q3 stale |
| Logan Stone Capital, LLC added | 53,013 | $803K | 0.7% | 2025-Q4 stale |
| CHOREO, LLC added | 32,644 | $501K | 0.4% | 2025-Q4 stale |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 35,139 | $499K | 0.4% | 2025-Q2 stale |
| ROBINSON CAPITAL MANAGEMENT, LLC | 31,336 | $475K | 0.4% | 2025-Q4 stale |
| Walleye Capital LLC trimmed | 31,707 | $450K | 0.4% | 2025-Q2 stale |
| Ionic Capital Management LLC | 28,013 | $398K | 0.4% | 2025-Q2 stale |
| JANE STREET GROUP, LLC added | 25,322 | $380K | 0.3% | 2025-Q3 stale |
| Total Wealth Planning & Management, Inc. new | 20,217 | $287K | 0.3% | 2025-Q2 stale |
| Good Life Advisors, LLC trimmed | 19,565 | $278K | 0.2% | 2025-Q2 stale |
| HighTower Advisors, LLC trimmed | 13,020 | $197K | 0.2% | 2025-Q4 stale |
| Closed-End Fund Advisors, Inc. new | 11,835 | $179K | 0.2% | 2025-Q4 stale |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. trimmed | 10,428 | $156K | 0.1% | 2025-Q3 stale |
| STIFEL FINANCIAL CORP | 10,295 | $146K | 0.1% | 2025-Q2 stale |
| WEDBUSH SECURITIES INC trimmed | 10,000 | $142K | 0.1% | 2025-Q2 stale |
| DOLIVER ADVISORS, LP trimmed | 10,856 | $140K | 0.1% | 2025-Q1 stale |
| Global Retirement Partners, LLC added | 8,404 | $127K | 0.1% | 2025-Q4 stale |
| Geneos Wealth Management Inc. trimmed | 6,943 | $99K | 0.1% | 2025-Q2 stale |
| Elequin Capital, LP trimmed | 4,907 | $70K | 0.1% | 2025-Q2 stale |
| Fortitude Family Office, LLC | 2,500 | $38K | 0.0% | 2025-Q4 stale |
| TRUST CO OF VERMONT | 1,631 | $25K | 0.0% | 2025-Q4 stale |
| COMERICA BANK added | 1,297 | $20K | 0.0% | 2025-Q4 stale |
| Ameritas Advisory Services, LLC added | 1,002 | $15K | 0.0% | 2025-Q3 stale |
| Kilter Group LLC trimmed | 852 | $13K | 0.0% | 2025-Q4 stale |
| Financial Gravity Companies, Inc. trimmed | 793 | $11K | 0.0% | 2025-Q2 stale |
| COLDSTREAM CAPITAL MANAGEMENT INC trimmed | 420 | $5K | 0.0% | 2025-Q1 stale |
| Newbridge Financial Services Group, Inc. | 356 | $5K | 0.0% | 2025-Q3 stale |
| Wealth Preservation Advisors, LLC | 196 | $3K | 0.0% | 2025-Q4 stale |
| MAI Capital Management new | 125 | $2K | 0.0% | 2025-Q1 stale |
| Tower Research Capital LLC (TRC) added | 51 | $659 | 0.0% | 2025-Q1 stale |
| Parallel Advisors, LLC trimmed | 36 | $465 | 0.0% | 2025-Q1 stale |
| JPMORGAN CHASE & CO trimmed | 5 | $65 | 0.0% | 2025-Q1 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 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.