Who owns NMAR
Which tracked institutional funds hold NMAR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NMAR company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-18). 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
6 tracked funds added or opened NMAR while 3 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
NMAR’s largest tracked holder by dollar value, Element Squared LLC, sizes it at 20.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 20.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NMAR 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 43 tracked filers holding NMAR, 13 increased or opened the position and 24 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 NMAR 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.
Full exits 2
- Arete Wealth Advisors, LLC$11M
- JANE STREET GROUP, LLC$543K
Largest adds
- Cetera Investment Advisers$4M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$3M
- Element Squared LLC$3M
- NewEdge Advisors, LLC$827K
- Cresset Asset Management, LLC$398K
- LPL Financial LLC$294K
Largest trims
- Kestra Advisory Services, LLC$426K
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 |
|---|---|---|---|---|
| Element Squared LLC trimmed | 1,293,733 | $42M | 44.0% | 2026-Q2 |
| Cornerstone Wealth, LLC/TN added | 182,346 | $6M | 6.2% | 2026-Q2 |
| Cetera Investment Advisers added | 153,246 | $5M | 5.2% | 2026-Q2 |
| MAI Capital Management trimmed | 151,597 | $5M | 5.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 133,460 | $4M | 4.5% | 2026-Q2 |
| Cresset Asset Management, LLC added | 106,042 | $3M | 3.6% | 2026-Q2 |
| CORRADO ADVISORS, LLC trimmed | 79,644 | $3M | 2.7% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 48,471 | $2M | 1.6% | 2026-Q2 |
| LPL Financial LLC added | 40,951 | $1M | 1.4% | 2026-Q2 |
| Phoenix Financial Ltd. trimmed | 30,875 | $993K | 1.0% | 2026-Q2 |
| NewEdge Advisors, LLC added | 26,375 | $850K | 0.9% | 2026-Q2 |
| TrustBank | 25,925 | $835K | 0.9% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 23,898 | $770K | 0.8% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 23,527 | $758K | 0.8% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 21,371 | $688K | 0.7% | 2026-Q2 |
| Cyndeo Wealth Partners, LLC | 21,212 | $683K | 0.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 19,888 | $641K | 0.7% | 2026-Q2 |
| Stonebridge Financial Group, LLC | 15,783 | $508K | 0.5% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 14,904 | $480K | 0.5% | 2026-Q2 |
| Merit Financial Group, LLC | 14,432 | $465K | 0.5% | 2026-Q2 |
| Diligent Investors, LLC added | 14,300 | $461K | 0.5% | 2026-Q2 |
| OLD MISSION CAPITAL LLC trimmed | 12,051 | $388K | 0.4% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 11,876 | $383K | 0.4% | 2026-Q2 |
| Mutual Advisors, LLC added | 11,864 | $382K | 0.4% | 2026-Q2 |
| FSA Advisors, Inc. trimmed | 8,392 | $270K | 0.3% | 2026-Q2 |
| Allie Family Office LLC new | 8,315 | $268K | 0.3% | 2026-Q2 |
| DHJJ Financial Advisors, Ltd. | 8,098 | $261K | 0.3% | 2026-Q2 |
| FOUNDERS FINANCIAL SECURITIES LLC added | 8,069 | $260K | 0.3% | 2026-Q2 |
| INTEGRITY ALLIANCE, LLC. | 7,322 | $236K | 0.2% | 2026-Q2 |
| Beacon Pointe Advisors, LLC | 7,171 | $231K | 0.2% | 2026-Q2 |
| AE Wealth Management LLC trimmed | 7,016 | $226K | 0.2% | 2026-Q2 |
| Summit Wealth Partners, LLC new | 6,705 | $216K | 0.2% | 2026-Q2 |
| SCHNIEDERS CAPITAL MANAGEMENT, LLC. new | 6,400 | $206K | 0.2% | 2026-Q2 |
| Keating Financial Advisory Services, Inc. | 5,660 | $182K | 0.2% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 4,014 | $129K | 0.1% | 2026-Q2 |
| AdvisorNet Financial, Inc | 998 | $32K | 0.0% | 2026-Q2 |
| Arax Advisory Partners | 666 | $21K | 0.0% | 2026-Q2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV | 600 | $19K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 362 | $12K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 329 | $11K | 0.0% | 2026-Q2 |
| AMERIFLEX GROUP, INC. | 166 | $5K | 0.0% | 2026-Q2 |
| ASSETMARK, INC | 57 | $2K | 0.0% | 2026-Q2 |
| UBS Group AG trimmed | 1 | $32 | 0.0% | 2026-Q2 |
| Arete Wealth Advisors, LLC trimmed | 596,532 | $11M | 11.1% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC trimmed | 18,487 | $543K | 0.6% | 2026-Q1 stale (1 quarter behind) |
| Cambridge Investment Research Advisors, Inc. new | 7,786 | $229K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Tradition Wealth Management, LLC new | 7,104 | $209K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Anfield Capital Management, LLC new | 1,854 | $54K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| TopTier Wealth Management, LLC new | 963 | $28K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Sunbelt Securities, Inc. | 80 | $2K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Capital Investment Advisory Services, LLC new | 50 | $1K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Farther Finance Advisors, LLC | 1,400 | $41K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Atria Wealth Solutions, Inc. | 23,372 | $646K | 0.7% | 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.