Who owns NMAR (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-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 NMAR is one-sided between 2025-Q4 and 2026-Q1: 13 added or opened and 3 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
NMAR’s largest tracked holder by dollar value, Element Squared LLC, sizes it at 21.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 21.9pp 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 2025-Q4 and 2026-Q1, across 47 tracked filers holding NMAR, 35 increased or opened the position and 7 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 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 6
- Element Squared LLC$39M
- Cornerstone Wealth, LLC/TN$6M
- LPL Financial LLC$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
- Cyndeo Wealth Partners, LLC$623K
- JANE STREET GROUP, LLC$543K
Largest adds
- MAI Capital Management$5M
- Kestra Advisory Services, LLC$657K
- COMMONWEALTH EQUITY SERVICES, LLC$630K
- OSAIC HOLDINGS, INC.$383K
- TRUIST FINANCIAL CORP$370K
- ENVESTNET ASSET MANAGEMENT INC$368K
Largest trims
- Arete Wealth Advisors, LLC$4M
- Cresset Asset Management, LLC$4M
- NewEdge Advisors, LLC$646K
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 added | 1,323,926 | $39M | 46.7% | 2026-Q1 |
| Arete Wealth Advisors, LLC trimmed | 596,532 | $11M | 12.6% | 2026-Q1 |
| Cornerstone Wealth, LLC/TN new | 181,340 | $6M | 6.8% | 2026-Q1 |
| MAI Capital Management added | 160,075 | $5M | 5.6% | 2026-Q1 |
| Cresset Asset Management, LLC trimmed | 102,735 | $3M | 3.6% | 2026-Q1 |
| CORRADO ADVISORS, LLC added | 81,540 | $2M | 2.9% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 48,744 | $1M | 1.7% | 2026-Q1 |
| Phoenix Financial Ltd. trimmed | 36,505 | $1M | 1.3% | 2026-Q1 |
| LPL Financial LLC added | 34,900 | $1M | 1.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 34,592 | $1M | 1.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 31,475 | $925K | 1.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 30,842 | $906K | 1.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 30,129 | $885K | 1.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 29,249 | $859K | 1.0% | 2026-Q1 |
| Cetera Investment Advisers added | 28,014 | $823K | 1.0% | 2026-Q1 |
| TrustBank | 25,925 | $762K | 0.9% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 25,142 | $739K | 0.9% | 2026-Q1 |
| Cyndeo Wealth Partners, LLC new | 21,212 | $623K | 0.7% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 18,487 | $543K | 0.7% | 2026-Q1 |
| Stonebridge Financial Group, LLC | 15,783 | $464K | 0.6% | 2026-Q1 |
| Merit Financial Group, LLC added | 14,432 | $424K | 0.5% | 2026-Q1 |
| OLD MISSION CAPITAL LLC trimmed | 13,520 | $397K | 0.5% | 2026-Q1 |
| Diligent Investors, LLC added | 12,300 | $361K | 0.4% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC new | 12,028 | $353K | 0.4% | 2026-Q1 |
| Mutual Advisors, LLC | 10,314 | $303K | 0.4% | 2026-Q1 |
| FSA Advisors, Inc. added | 8,868 | $261K | 0.3% | 2026-Q1 |
| DHJJ Financial Advisors, Ltd. added | 8,098 | $238K | 0.3% | 2026-Q1 |
| FOUNDERS FINANCIAL SECURITIES LLC new | 7,741 | $234K | 0.3% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. new | 7,786 | $229K | 0.3% | 2026-Q1 |
| INTEGRITY ALLIANCE, LLC. new | 7,322 | $215K | 0.3% | 2026-Q1 |
| AE Wealth Management LLC added | 7,198 | $211K | 0.3% | 2026-Q1 |
| Beacon Pointe Advisors, LLC new | 7,171 | $211K | 0.3% | 2026-Q1 |
| Tradition Wealth Management, LLC new | 7,104 | $209K | 0.3% | 2026-Q1 |
| Keating Financial Advisory Services, Inc. added | 5,660 | $166K | 0.2% | 2026-Q1 |
| IFP Advisors, Inc trimmed | 4,479 | $132K | 0.2% | 2026-Q1 |
| UBS Group AG added | 2,255 | $66K | 0.1% | 2026-Q1 |
| Anfield Capital Management, LLC new | 1,854 | $54K | 0.1% | 2026-Q1 |
| AdvisorNet Financial, Inc trimmed | 998 | $29K | 0.0% | 2026-Q1 |
| TopTier Wealth Management, LLC new | 963 | $28K | 0.0% | 2026-Q1 |
| NewEdge Advisors, LLC added | 22,875 | $23K | 0.0% | 2026-Q1 |
| Arax Advisory Partners new | 666 | $20K | 0.0% | 2026-Q1 |
| CREATIVE FINANCIAL DESIGNS INC /ADV new | 600 | $18K | 0.0% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. | 362 | $11K | 0.0% | 2026-Q1 |
| AMERIFLEX GROUP, INC. new | 166 | $5K | 0.0% | 2026-Q1 |
| Sunbelt Securities, Inc. | 80 | $2K | 0.0% | 2026-Q1 |
| ASSETMARK, INC | 57 | $2K | 0.0% | 2026-Q1 |
| Capital Investment Advisory Services, LLC new | 50 | $1K | 0.0% | 2026-Q1 |
| Atria Wealth Solutions, Inc. | 23,372 | $646K | 0.8% | 2025-Q2 stale |
| Sigma Planning Corp new | 18,669 | $473K | 0.6% | 2025-Q1 stale |
| CITADEL ADVISORS LLC new | 14,787 | $374K | 0.4% | 2025-Q1 stale |
| Heritage Wealth Partners, LLC new | 10,625 | $269K | 0.3% | 2025-Q1 stale |
| Farther Finance Advisors, LLC | 1,400 | $41K | 0.0% | 2025-Q4 stale |
| JPMORGAN CHASE & CO new | 247 | $6K | 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.