Who owns NLR
Which tracked institutional funds hold NLR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NLR company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 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
77 tracked funds added or opened NLR while 122 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
NLR’s largest tracked holder by dollar value, LPL Financial LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes NLR more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in NLR 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 510 tracked filers holding NLR, 310 increased or opened the position and 203 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 NLR 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 19
- OLD MISSION CAPITAL LLC$10M
- Prism Advisors, Inc.$9M
- Kozak & Associates, Inc.$8M
- DEUTSCHE BANK AG\$7M
- Bogart Wealth, LLC$3M
- MONETA GROUP INVESTMENT ADVISORS LLC$3M
Full exits 32
- Lloyd Harbor Capital Management, LLC$25M
- Cambridge Investment Research Advisors, Inc.$23M
- Bouchey Financial Group Ltd$19M
- 360 Financial, Inc.$16M
- Thrivent Financial for Lutherans$13M
- Massar Capital Management, LP$8M
Largest adds
- NewEdge Advisors, LLC$13M
- CITADEL ADVISORS LLC$11M
- AMERIPRISE FINANCIAL INC$6M
- Itau Unibanco Holding S.A.$5M
- PRINCIPAL SECURITIES, INC.$4M
- MML INVESTORS SERVICES, LLC$4M
Largest trims
- LPL Financial LLC$27M
- BANK OF AMERICA CORP /DE/$16M
- MORGAN STANLEY$15M
- VAN ECK ASSOCIATES CORP$13M
- ROYAL BANK OF CANADA$8M
- RAYMOND JAMES FINANCIAL INC$6M
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 2,371,975 | $275M | 17.1% | 2026-Q2 |
| MORGAN STANLEY added | 1,312,743 | $152M | 9.5% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,182,517 | $137M | 8.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 650,512 | $75M | 4.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 589,544 | $68M | 4.3% | 2026-Q2 |
| Cetera Investment Advisers added | 516,587 | $60M | 3.7% | 2026-Q2 |
| UBS Group AG added | 412,839 | $48M | 3.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 406,491 | $47M | 2.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 307,328 | $36M | 2.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 303,036 | $35M | 2.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 291,645 | $34M | 2.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 280,283 | $33M | 2.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 235,399 | $27M | 1.7% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 218,749 | $25M | 1.6% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 210,398 | $24M | 1.5% | 2026-Q2 |
| StoneX Group Inc. added | 177,349 | $21M | 1.3% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 153,659 | $18M | 1.1% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 134,961 | $16M | 1.0% | 2026-Q2 |
| Itau Unibanco Holding S.A. added | 134,109 | $16M | 1.0% | 2026-Q2 |
| Rockport Wealth LLC trimmed | 128,374 | $15M | 0.9% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 117,089 | $14M | 0.8% | 2026-Q2 |
| SAGE PRIVATE WEALTH GROUP, LLC added | 108,925 | $13M | 0.8% | 2026-Q2 |
| ASSETMARK, INC added | 97,335 | $11M | 0.7% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 96,469 | $11M | 0.7% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP trimmed | 94,386 | $11M | 0.7% | 2026-Q2 |
| KCM INVESTMENT ADVISORS LLC added | 93,878 | $11M | 0.7% | 2026-Q2 |
| Kiker Wealth Management, LLC added | 90,191 | $10M | 0.7% | 2026-Q2 |
| OLD MISSION CAPITAL LLC added | 89,302 | $10M | 0.6% | 2026-Q2 |
| CONSOLIDATED CAPITAL MANAGEMENT, LLC added | 86,309 | $10M | 0.6% | 2026-Q2 |
| Retirement Management Systems Inc. added | 78,894 | $9M | 0.6% | 2026-Q2 |
| Prism Advisors, Inc. new | 78,730 | $9M | 0.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 73,329 | $9M | 0.5% | 2026-Q2 |
| McGuire Investment Group, LLC added | 70,531 | $8M | 0.5% | 2026-Q2 |
| Rafferty Asset Management, LLC added | 69,844 | $8M | 0.5% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 68,779 | $8M | 0.5% | 2026-Q2 |
| Madrid Financial Services added | 67,263 | $8M | 0.5% | 2026-Q2 |
| Kozak & Associates, Inc. new | 67,229 | $8M | 0.5% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 67,074 | $8M | 0.5% | 2026-Q2 |
| PCG Wealth Advisors, LLC trimmed | 66,995 | $8M | 0.5% | 2026-Q2 |
| Capital Investment Advisors, LLC added | 62,875 | $7M | 0.5% | 2026-Q2 |
| Destiny Wealth Partners, LLC trimmed | 61,542 | $7M | 0.4% | 2026-Q2 |
| KINGSWOOD WEALTH ADVISORS, LLC added | 60,639 | $7M | 0.4% | 2026-Q2 |
| Quadrature Capital Ltd added | 59,185 | $7M | 0.4% | 2026-Q2 |
| DEUTSCHE BANK AG\ new | 58,529 | $7M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 58,281 | $7M | 0.4% | 2026-Q2 |
| Stonebridge Financial Group, LLC added | 58,256 | $7M | 0.4% | 2026-Q2 |
| TD PRIVATE CLIENT WEALTH LLC added | 56,506 | $7M | 0.4% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. added | 55,672 | $6M | 0.4% | 2026-Q2 |
| Valmark Advisers, Inc. trimmed | 55,284 | $6M | 0.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 54,901 | $6M | 0.4% | 2026-Q2 |
| Evolution Wealth Advisors, LLC added | 53,039 | $6M | 0.4% | 2026-Q2 |
| Modern Wealth Management, LLC added | 47,799 | $6M | 0.3% | 2026-Q2 |
| SCS Capital Management LLC | 47,351 | $5M | 0.3% | 2026-Q2 |
| Cresset Asset Management, LLC added | 46,721 | $5M | 0.3% | 2026-Q2 |
| Summit Financial, LLC added | 46,490 | $5M | 0.3% | 2026-Q2 |
| Quadcap Wealth Management, LLC added | 43,650 | $5M | 0.3% | 2026-Q2 |
| Steele Capital Management, Inc. trimmed | 39,485 | $5M | 0.3% | 2026-Q2 |
| EFG International AG trimmed | 38,860 | $5M | 0.3% | 2026-Q2 |
| StoneCrest Wealth Management, Inc. trimmed | 38,626 | $4M | 0.3% | 2026-Q2 |
| Tepp RIA, LLC added | 37,666 | $4M | 0.3% | 2026-Q2 |
| Sanctuary Advisors, LLC trimmed | 37,389 | $4M | 0.3% | 2026-Q2 |
| Schorn Wealth LLC added | 37,198 | $4M | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 37,072 | $4M | 0.3% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 36,864 | $4M | 0.3% | 2026-Q2 |
| Bucket List Wealth Management, LLC added | 36,346 | $4M | 0.3% | 2026-Q2 |
| Drake & Associates, LLC added | 35,254 | $4M | 0.3% | 2026-Q2 |
| GREENUP STREET WEALTH MANAGEMENT LLC trimmed | 35,240 | $4M | 0.3% | 2026-Q2 |
| &PARTNERS added | 34,577 | $4M | 0.2% | 2026-Q2 |
| Equitable Holdings, Inc. added | 33,994 | $4M | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 33,922 | $4M | 0.2% | 2026-Q2 |
| MONECO ADVISORS, LLC added | 33,596 | $4M | 0.2% | 2026-Q2 |
| Paller Financial Services Inc trimmed | 33,184 | $4M | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 32,945 | $4M | 0.2% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 31,886 | $4M | 0.2% | 2026-Q2 |
| IHT Wealth Management, LLC trimmed | 31,482 | $4M | 0.2% | 2026-Q2 |
| STRATEGY ASSET MANAGERS LLC added | 30,806 | $4M | 0.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 29,838 | $3M | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 29,641 | $3M | 0.2% | 2026-Q2 |
| Sterling Investment Advisors, Ltd. added | 29,459 | $3M | 0.2% | 2026-Q2 |
| Pettinga Financial Advisors LLC added | 29,185 | $3M | 0.2% | 2026-Q2 |
| MinichMacGregor Wealth Management, LLC trimmed | 29,013 | $3M | 0.2% | 2026-Q2 |
| Bogart Wealth, LLC new | 28,964 | $3M | 0.2% | 2026-Q2 |
| SILVER OAK SECURITIES, INCORPORATED added | 28,169 | $3M | 0.2% | 2026-Q2 |
| Belpointe Asset Management LLC added | 28,051 | $3M | 0.2% | 2026-Q2 |
| Western Wealth Management, LLC added | 26,928 | $3M | 0.2% | 2026-Q2 |
| THEORY FINANCIAL LLC added | 26,873 | $3M | 0.2% | 2026-Q2 |
| Dogwood Wealth Management LLC added | 26,240 | $3M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 25,933 | $3M | 0.2% | 2026-Q2 |
| Echo45 Advisors LLC added | 25,223 | $3M | 0.2% | 2026-Q2 |
| BARCLAYS PLC trimmed | 25,145 | $3M | 0.2% | 2026-Q2 |
| INSIGNEO ADVISORY SERVICES, LLC added | 24,937 | $3M | 0.2% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 24,369 | $3M | 0.2% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. added | 23,315 | $3M | 0.2% | 2026-Q2 |
| MARSHALL INVESTMENT MANAGEMENT, LLC added | 22,810 | $3M | 0.2% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC new | 22,269 | $3M | 0.2% | 2026-Q2 |
| CreativeOne Wealth, LLC trimmed | 20,836 | $2M | 0.2% | 2026-Q2 |
| Snider Financial Group added | 20,761 | $2M | 0.2% | 2026-Q2 |
| Cornerstone Wealth Management, LLC added | 20,698 | $2M | 0.1% | 2026-Q2 |
| McCollum Christoferson Group LLC added | 20,521 | $2M | 0.1% | 2026-Q2 |
| Moran Wealth Management, LLC added | 20,257 | $2M | 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.