Who owns NCZ
Which tracked institutional funds hold NCZ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NCZ 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
10 tracked funds added or opened NCZ while 6 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
NCZ’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 conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NCZ 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 57 tracked filers holding NCZ, 29 increased or opened the position and 30 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 NCZ 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 1
- Thomas J. Herzfeld Advisors, Inc.$3M
Full exits 4
- Penserra Capital Management LLC$5M
- COHEN & STEERS, INC.$4M
- PARK AVENUE SECURITIES LLC$1M
- Private Advisor Group, LLC$777K
Largest adds
- MORGAN STANLEY$6M
- Advisors Asset Management, Inc.$6M
- ENVESTNET ASSET MANAGEMENT INC$4M
- GUGGENHEIM CAPITAL LLC$2M
- Congress Park Capital LLC$1M
- OSAIC HOLDINGS, INC.$724K
Largest trims
- Saba Capital Management, L.P.$3M
- WOLVERINE ASSET MANAGEMENT LLC$671K
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 | 2,856,116 | $45M | 35.8% | 2026-Q2 |
| Advisors Asset Management, Inc. added | 1,296,527 | $21M | 16.3% | 2026-Q2 |
| Congress Park Capital LLC added | 542,943 | $9M | 6.8% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 370,125 | $6M | 4.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 330,016 | $5M | 4.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 303,708 | $5M | 3.8% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. new | 205,874 | $3M | 2.6% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 109,570 | $2M | 1.4% | 2026-Q2 |
| Saba Capital Management, L.P. trimmed | 77,617 | $1M | 1.0% | 2026-Q2 |
| OPPENHEIMER & CO INC trimmed | 76,589 | $1M | 1.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 73,758 | $1M | 0.9% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 61,106 | $972K | 0.8% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 53,128 | $842K | 0.7% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 51,029 | $811K | 0.6% | 2026-Q2 |
| Twelve Points Wealth Management LLC trimmed | 46,263 | $736K | 0.6% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 42,607 | $677K | 0.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 40,874 | $650K | 0.5% | 2026-Q2 |
| CHOREO, LLC added | 39,738 | $632K | 0.5% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 36,391 | $579K | 0.5% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 34,856 | $554K | 0.4% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added | 34,187 | $544K | 0.4% | 2026-Q2 |
| Invesco Ltd. trimmed | 29,911 | $476K | 0.4% | 2026-Q2 |
| UBS Group AG added | 25,438 | $404K | 0.3% | 2026-Q2 |
| Baird Financial Group, Inc. added | 21,961 | $349K | 0.3% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. added | 20,471 | $325K | 0.3% | 2026-Q2 |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC | 15,890 | $253K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 14,259 | $227K | 0.2% | 2026-Q2 |
| Cetera Investment Advisers added | 13,938 | $222K | 0.2% | 2026-Q2 |
| PFG Investments, LLC added | 13,776 | $219K | 0.2% | 2026-Q2 |
| INTEGRATED CAPITAL MANAGEMENT, INC. trimmed | 13,339 | $212K | 0.2% | 2026-Q2 |
| ACCREDITED INVESTOR SERVICES, LLC trimmed | 11,583 | $184K | 0.1% | 2026-Q2 |
| XTX Topco Ltd new | 10,766 | $171K | 0.1% | 2026-Q2 |
| HOLLENCREST CAPITAL MANAGEMENT | 10,338 | $164K | 0.1% | 2026-Q2 |
| Mariner, LLC trimmed | 10,243 | $163K | 0.1% | 2026-Q2 |
| Global Retirement Partners, LLC added | 10,151 | $161K | 0.1% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 6,225 | $99K | 0.1% | 2026-Q2 |
| CoreCap Advisors, LLC | 4,838 | $77K | 0.1% | 2026-Q2 |
| Pinnacle Wealth Planning Services, Inc. trimmed | 3,507 | $56K | 0.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. new | 1,575 | $25K | 0.0% | 2026-Q2 |
| WPG Advisers, LLC trimmed | 1,548 | $25K | 0.0% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 1,526 | $24K | 0.0% | 2026-Q2 |
| Allworth Financial LP | 1,412 | $22K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 1,284 | $20K | 0.0% | 2026-Q2 |
| HighMark Wealth Management LLC added | 805 | $13K | 0.0% | 2026-Q2 |
| GHP Investment Advisors, Inc. | 750 | $12K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 716 | $11K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC added | 700 | $11K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 686 | $11K | 0.0% | 2026-Q2 |
| WHITTIER TRUST CO OF NEVADA INC | 503 | $8K | 0.0% | 2026-Q2 |
| SHP Wealth Management new | 300 | $5K | 0.0% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC new | 261 | $4K | 0.0% | 2026-Q2 |
| Strategic Wealth Partners, Ltd. | 202 | $3K | 0.0% | 2026-Q2 |
| HIGHLINE WEALTH PARTNERS LLC added | 200 | $3K | 0.0% | 2026-Q2 |
| ASSETMARK, INC | 109 | $2K | 0.0% | 2026-Q2 |
| Institute for Wealth Management, LLC. new | 59 | $939 | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 55 | $867 | 0.0% | 2026-Q2 |
| FMR LLC | 1 | $16 | 0.0% | 2026-Q2 |
| Penserra Capital Management LLC trimmed | 338,016 | $5M | 3.6% | 2026-Q1 stale (1 quarter behind) |
| COHEN & STEERS, INC. | 285,042 | $4M | 3.0% | 2026-Q1 stale (1 quarter behind) |
| PARK AVENUE SECURITIES LLC trimmed | 86,803 | $1M | 0.9% | 2026-Q1 stale (1 quarter behind) |
| Private Advisor Group, LLC added | 57,977 | $777K | 0.6% | 2026-Q1 stale (1 quarter behind) |
| Cambridge Investment Research Advisors, Inc. trimmed | 23,308 | $313K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| READYSTATE ASSET MANAGEMENT LP added | 22,422 | $301K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| MILLENNIUM MANAGEMENT LLC new | 19,060 | $256K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC added | 1,900 | $25K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Crews Bank & Trust | 1,250 | $17K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| BlackRock, Inc. new | 585 | $8K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Root Financial Partners, LLC new | 231 | $3K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Advisory Services Network, LLC | 112 | $2K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC added | 144,549 | $2M | 1.6% | 2025-Q4 stale (2 quarters behind) |
| ROBINSON CAPITAL MANAGEMENT, LLC | 35,467 | $489K | 0.4% | 2025-Q4 stale (2 quarters behind) |
| NewEdge Advisors, LLC | 19,350 | $267K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| INSIGNEO ADVISORY SERVICES, LLC | 12,875 | $177K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| HighTower Advisors, LLC trimmed | 10,824 | $149K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| COMERICA BANK trimmed | 1,931 | $27K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| FLAGSHIP HARBOR ADVISORS, LLC new | 966 | $13K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Kilter Group LLC trimmed | 945 | $13K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Fortitude Family Office, LLC | 625 | $9K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Indiana Trust & Investment Management Co new | 581 | $8K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Garton & Associates Financial Advisors LLC new | 456 | $6K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| JANE STREET GROUP, LLC added | 26,082 | $357K | 0.3% | 2025-Q3 stale (3 quarters behind) |
| Marshall & Sterling Wealth Advisors Inc. | 2,062 | $28K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Newbridge Financial Services Group, Inc. | 750 | $10K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Cornerstone Advisors, LLC new | 59,616 | $765K | 0.6% | 2025-Q2 stale (4 quarters behind) |
| Ionic Capital Management LLC | 38,706 | $497K | 0.4% | 2025-Q2 stale (4 quarters behind) |
| Walleye Capital LLC added | 13,819 | $177K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| J.W. COLE ADVISORS, INC. | 10,774 | $138K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Geneos Wealth Management Inc. trimmed | 10,014 | $129K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Colonial Trust Advisors new | 962 | $12K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Traub Capital Management LLC new | 550 | $7K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 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.