Who owns NLR (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-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
The tracked-fund tape on NLR is one-sided between 2025-Q4 and 2026-Q1: 162 added or opened and 41 trimmed or exited — on balance accumulating.
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 2025-Q4 and 2026-Q1, across 511 tracked filers holding NLR, 351 increased or opened the position and 121 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 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 34
- Lloyd Harbor Capital Management, LLC$25M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$9M
- Madrid Financial Services$9M
- Massar Capital Management, LP$8M
- TD PRIVATE CLIENT WEALTH LLC$6M
- GREENUP STREET WEALTH MANAGEMENT LLC$5M
Full exits 11
- OLD MISSION CAPITAL LLC$6M
- COMERICA BANK$2M
- Janney Montgomery Scott LLC$2M
- AXXCESS WEALTH MANAGEMENT, LLC$1M
- GREENBERG FINANCIAL GROUP$1M
- FLAGSHIP WEALTH ADVISORS, LLC$1M
Largest adds
- LPL Financial LLC$70M
- BANK OF AMERICA CORP /DE/$45M
- WELLS FARGO & COMPANY/MN$28M
- MORGAN STANLEY$27M
- StoneX Group Inc.$21M
- ENVESTNET ASSET MANAGEMENT INC$19M
Largest trims
- NewEdge Advisors, LLC$12M
- JANE STREET GROUP, LLC$8M
- D. E. Shaw & Co., Inc.$7M
- Destiny Wealth Partners, LLC$6M
- Kingsview Wealth Management, LLC$5M
- Belvedere Trading LLC$3M
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 2,271,455 | $303M | 16.9% | 2026-Q1 |
| MORGAN STANLEY added | 1,258,420 | $168M | 9.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,148,995 | $153M | 8.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 611,933 | $82M | 4.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 510,927 | $68M | 3.8% | 2026-Q1 |
| Cetera Investment Advisers added | 470,983 | $63M | 3.5% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 412,036 | $55M | 3.1% | 2026-Q1 |
| UBS Group AG trimmed | 374,451 | $50M | 2.8% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 286,661 | $38M | 2.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 261,828 | $35M | 1.9% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 245,915 | $33M | 1.8% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 224,852 | $30M | 1.7% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 188,038 | $25M | 1.4% | 2026-Q1 |
| Lloyd Harbor Capital Management, LLC new | 185,000 | $25M | 1.4% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 179,840 | $24M | 1.3% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 182,803 | $24M | 1.3% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 169,319 | $23M | 1.3% | 2026-Q1 |
| StoneX Group Inc. added | 160,641 | $21M | 1.2% | 2026-Q1 |
| Private Advisor Group, LLC added | 147,713 | $20M | 1.1% | 2026-Q1 |
| Bouchey Financial Group Ltd added | 140,081 | $19M | 1.1% | 2026-Q1 |
| Rockport Wealth LLC trimmed | 136,924 | $18M | 1.0% | 2026-Q1 |
| 360 Financial, Inc. trimmed | 123,083 | $16M | 0.9% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 108,447 | $14M | 0.8% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 103,018 | $14M | 0.8% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 99,266 | $13M | 0.7% | 2026-Q1 |
| SAGE PRIVATE WEALTH GROUP, LLC added | 94,845 | $13M | 0.7% | 2026-Q1 |
| ASSETMARK, INC added | 86,856 | $12M | 0.6% | 2026-Q1 |
| Kiker Wealth Management, LLC added | 86,349 | $12M | 0.6% | 2026-Q1 |
| KCM INVESTMENT ADVISORS LLC added | 85,988 | $11M | 0.6% | 2026-Q1 |
| CONSOLIDATED CAPITAL MANAGEMENT, LLC added | 84,197 | $11M | 0.6% | 2026-Q1 |
| Itau Unibanco Holding S.A. | 84,755 | $11M | 0.6% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 79,030 | $11M | 0.6% | 2026-Q1 |
| Destiny Wealth Partners, LLC trimmed | 73,551 | $10M | 0.5% | 2026-Q1 |
| IFP Advisors, Inc added | 73,065 | $10M | 0.5% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 72,743 | $10M | 0.5% | 2026-Q1 |
| McGuire Investment Group, LLC added | 69,987 | $9M | 0.5% | 2026-Q1 |
| PCG Wealth Advisors, LLC added | 68,593 | $9M | 0.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 66,612 | $9M | 0.5% | 2026-Q1 |
| Madrid Financial Services new | 64,772 | $9M | 0.5% | 2026-Q1 |
| Retirement Management Systems Inc. added | 61,445 | $8M | 0.5% | 2026-Q1 |
| Massar Capital Management, LP new | 61,134 | $8M | 0.5% | 2026-Q1 |
| Capital Investment Advisors, LLC added | 59,932 | $8M | 0.4% | 2026-Q1 |
| Valmark Advisers, Inc. added | 56,431 | $8M | 0.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 55,957 | $7M | 0.4% | 2026-Q1 |
| EFG International AG added | 54,667 | $7M | 0.4% | 2026-Q1 |
| HighTower Advisors, LLC added | 54,433 | $7M | 0.4% | 2026-Q1 |
| Stonebridge Financial Group, LLC added | 54,142 | $7M | 0.4% | 2026-Q1 |
| Evolution Wealth Advisors, LLC added | 51,073 | $7M | 0.4% | 2026-Q1 |
| Rafferty Asset Management, LLC trimmed | 49,933 | $7M | 0.4% | 2026-Q1 |
| Sowell Financial Services LLC trimmed | 49,793 | $7M | 0.4% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 47,735 | $6M | 0.4% | 2026-Q1 |
| SCS Capital Management LLC trimmed | 47,351 | $6M | 0.4% | 2026-Q1 |
| TD PRIVATE CLIENT WEALTH LLC new | 44,744 | $6M | 0.3% | 2026-Q1 |
| Steele Capital Management, Inc. added | 43,990 | $6M | 0.3% | 2026-Q1 |
| StoneCrest Wealth Management, Inc. added | 43,059 | $6M | 0.3% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 43,047 | $6M | 0.3% | 2026-Q1 |
| BARCLAYS PLC added | 42,895 | $6M | 0.3% | 2026-Q1 |
| Summit Financial, LLC trimmed | 42,609 | $6M | 0.3% | 2026-Q1 |
| Quadcap Wealth Management, LLC trimmed | 42,436 | $6M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 44,392 | $6M | 0.3% | 2026-Q1 |
| Brookwood Investment Group LLC added | 41,964 | $6M | 0.3% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC trimmed | 40,699 | $5M | 0.3% | 2026-Q1 |
| Cresset Asset Management, LLC trimmed | 40,697 | $5M | 0.3% | 2026-Q1 |
| Kraft, Davis & Associates, LLC added | 36,669 | $5M | 0.3% | 2026-Q1 |
| Heck Capital Advisors, LLC added | 37,720 | $5M | 0.3% | 2026-Q1 |
| PRUDENTIAL PLC | 37,000 | $5M | 0.3% | 2026-Q1 |
| CreativeOne Wealth, LLC added | 35,750 | $5M | 0.3% | 2026-Q1 |
| GREENUP STREET WEALTH MANAGEMENT LLC new | 35,636 | $5M | 0.3% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 34,718 | $5M | 0.3% | 2026-Q1 |
| Fiduciary Planning LLC added | 34,016 | $5M | 0.3% | 2026-Q1 |
| &PARTNERS added | 33,964 | $5M | 0.3% | 2026-Q1 |
| Paller Financial Services Inc added | 33,427 | $4M | 0.2% | 2026-Q1 |
| IHT Wealth Management, LLC trimmed | 32,826 | $4M | 0.2% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 32,216 | $4M | 0.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 32,186 | $4M | 0.2% | 2026-Q1 |
| MONECO ADVISORS, LLC added | 31,314 | $4M | 0.2% | 2026-Q1 |
| Brookstone Capital Management added | 30,903 | $4M | 0.2% | 2026-Q1 |
| Drake & Associates, LLC added | 30,484 | $4M | 0.2% | 2026-Q1 |
| CX Institutional added | 30,388 | $4M | 0.2% | 2026-Q1 |
| CWM, LLC added | 30,265 | $4M | 0.2% | 2026-Q1 |
| MinichMacGregor Wealth Management, LLC added | 30,113 | $4M | 0.2% | 2026-Q1 |
| GFS Advisors, LLC new | 20,405 | $4M | 0.2% | 2026-Q1 |
| Sterling Investment Advisors, Ltd. added | 29,065 | $4M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 28,329 | $4M | 0.2% | 2026-Q1 |
| BIP Wealth, LLC added | 28,312 | $4M | 0.2% | 2026-Q1 |
| Pettinga Financial Advisors LLC added | 28,262 | $4M | 0.2% | 2026-Q1 |
| RWQ Financial Management Services, Inc. new | 27,475 | $4M | 0.2% | 2026-Q1 |
| Equitable Holdings, Inc. added | 28,689 | $4M | 0.2% | 2026-Q1 |
| SILVER OAK SECURITIES, INCORPORATED trimmed | 26,928 | $4M | 0.2% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. added | 25,733 | $3M | 0.2% | 2026-Q1 |
| STRATEGY ASSET MANAGERS LLC added | 24,710 | $3M | 0.2% | 2026-Q1 |
| GTS SECURITIES LLC added | 24,511 | $3M | 0.2% | 2026-Q1 |
| Bucket List Wealth Management, LLC new | 23,741 | $3M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 23,482 | $3M | 0.2% | 2026-Q1 |
| SMI Advisory Services, LLC new | 86,652 | $10M | 0.6% | 2025-Q2 stale |
| OLD MISSION CAPITAL LLC added | 48,299 | $6M | 0.3% | 2025-Q4 stale |
| Science & Technology Partners, L.P. new | 45,600 | $5M | 0.3% | 2025-Q2 stale |
| SCOPUS ASSET MANAGEMENT, L.P. | 37,264 | $5M | 0.3% | 2025-Q3 stale |
| EWG Elevate Inc. trimmed | 30,450 | $4M | 0.2% | 2025-Q3 stale |
| Corecam Pte. Ltd. added | 32,150 | $4M | 0.2% | 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.