Who owns NMAX
Which tracked institutional funds hold NMAX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NMAX company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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 NMAX is one-sided between 2026-Q1 and 2026-Q2: 31 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
NMAX’s largest tracked holder by dollar value, BlackRock, Inc., 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 gap the other way — the median holder sizes NMAX more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in NMAX 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 224 tracked filers holding NMAX, 102 increased or opened the position and 71 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 NMAX 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 5
- VANGUARD CAPITAL MANAGEMENT LLC$12M
- MILLENNIUM MANAGEMENT LLC$3M
- Point72 Asset Management, L.P.$2M
- Trexquant Investment LP$842K
- Swiss National Bank$710K
Full exits 1
- Greenwich Wealth Management LLC$119M
Largest adds
- BlackRock, Inc.$10M
- AQR CAPITAL MANAGEMENT LLC$9M
- STATE STREET CORP$3M
- VANGUARD PORTFOLIO MANAGEMENT LLC$3M
- GEODE CAPITAL MANAGEMENT, LLC$2M
- CITADEL ADVISORS LLC$2M
Largest trims
- BNP PARIBAS FINANCIAL MARKETS$1M
- GOLDMAN SACHS GROUP INC$665K
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 |
|---|---|---|---|---|
| BlackRock, Inc. added | 2,820,412 | $23M | 21.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,464,021 | $12M | 11.0% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 1,342,361 | $11M | 10.1% | 2026-Q2 |
| STATE STREET CORP added | 775,355 | $6M | 5.8% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 640,104 | $5M | 4.8% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 549,227 | $5M | 4.1% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 487,692 | $4M | 3.7% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 365,833 | $3M | 2.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 306,914 | $3M | 2.3% | 2026-Q2 |
| NORTHERN TRUST CORP added | 286,320 | $2M | 2.2% | 2026-Q2 |
| Point72 Asset Management, L.P. new | 205,413 | $2M | 1.5% | 2026-Q2 |
| MORGAN STANLEY added | 182,219 | $2M | 1.4% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 179,276 | $1M | 1.3% | 2026-Q2 |
| LPL Financial LLC trimmed | 176,163 | $1M | 1.3% | 2026-Q2 |
| Creative Planning added | 136,696 | $1M | 1.0% | 2026-Q2 |
| XTX Topco Ltd added | 129,892 | $1M | 1.0% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 123,456 | $1M | 0.9% | 2026-Q2 |
| Denver PWM, LLC | 107,741 | $1M | 1.1% | 2026-Q2 |
| UBS Group AG trimmed | 107,070 | $887K | 0.8% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 104,526 | $865K | 0.8% | 2026-Q2 |
| Trexquant Investment LP new | 101,702 | $842K | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 98,354 | $814K | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 87,132 | $721K | 0.7% | 2026-Q2 |
| Swiss National Bank new | 85,700 | $710K | 0.6% | 2026-Q2 |
| Cerity Partners LLC added | 82,804 | $686K | 0.6% | 2026-Q2 |
| Mariner, LLC added | 78,939 | $654K | 0.6% | 2026-Q2 |
| Nuveen, LLC added | 75,419 | $624K | 0.6% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 73,779 | $607K | 0.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 73,350 | $607K | 0.6% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 71,400 | $373K | 0.3% | 2026-Q2 |
| Centiva Capital, LP added | 67,513 | $559K | 0.5% | 2026-Q2 |
| GROUP ONE TRADING LLC added | 63,424 | $525K | 0.5% | 2026-Q2 |
| Arax Advisory Partners added | 62,142 | $515K | 0.5% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC new | 58,352 | $483K | 0.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 55,322 | $458K | 0.4% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 52,792 | $437K | 0.4% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 51,373 | $425K | 0.4% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 50,403 | $417K | 0.4% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 50,170 | $415K | 0.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 49,650 | $411K | 0.4% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 47,096 | $390K | 0.4% | 2026-Q2 |
| MIRABELLA FINANCIAL SERVICES LLP new | 46,566 | $386K | 0.4% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 46,184 | $382K | 0.3% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 45,420 | $376K | 0.3% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 43,289 | $358K | 0.3% | 2026-Q2 |
| KIECKHEFER GROUP LLC new | 42,500 | $352K | 0.3% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 39,479 | $327K | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 38,265 | $317K | 0.3% | 2026-Q2 |
| Jain Global LLC new | 36,025 | $298K | 0.3% | 2026-Q2 |
| Integrity Advisory Solutions, LLC new | 35,860 | $297K | 0.3% | 2026-Q2 |
| IMC-Chicago, LLC trimmed | 32,716 | $271K | 0.2% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 31,721 | $263K | 0.2% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 30,458 | $252K | 0.2% | 2026-Q2 |
| Legal & General Group Plc added | 28,408 | $235K | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 28,121 | $233K | 0.2% | 2026-Q2 |
| Heck Capital Advisors, LLC | 27,635 | $229K | 0.2% | 2026-Q2 |
| Defender Capital, LLC. | 27,257 | $226K | 0.2% | 2026-Q2 |
| Focus Partners Wealth added | 27,225 | $225K | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 26,924 | $202K | 0.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 26,801 | $222K | 0.2% | 2026-Q2 |
| FMR LLC trimmed | 26,534 | $220K | 0.2% | 2026-Q2 |
| MetLife Investment Management, LLC trimmed | 26,314 | $218K | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC added | 26,074 | $216K | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 23,756 | $197K | 0.2% | 2026-Q2 |
| Vident Advisory, LLC trimmed | 23,381 | $194K | 0.2% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 22,143 | $183K | 0.2% | 2026-Q2 |
| Brevan Howard Capital Management LP new | 21,554 | $178K | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 20,751 | $172K | 0.2% | 2026-Q2 |
| Caprock Group, LLC | 20,291 | $168K | 0.2% | 2026-Q2 |
| Merit Financial Group, LLC added | 20,222 | $167K | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 20,201 | $157K | 0.1% | 2026-Q2 |
| Aptus Capital Advisors, LLC added | 20,050 | $166K | 0.2% | 2026-Q2 |
| Abel Hall, LLC added | 20,035 | $166K | 0.2% | 2026-Q2 |
| AXQ CAPITAL, LP trimmed | 18,711 | $155K | 0.1% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD | 17,852 | $148K | 0.1% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 17,344 | $144K | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 17,029 | $141K | 0.1% | 2026-Q2 |
| BRIGHTON JONES LLC new | 16,801 | $139K | 0.1% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 16,123 | $133K | 0.1% | 2026-Q2 |
| SIMPLEX TRADING, LLC trimmed | 16,113 | $133K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 15,568 | $129K | 0.1% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC new | 15,252 | $126K | 0.1% | 2026-Q2 |
| Pallas Capital Advisors LLC new | 15,088 | $125K | 0.1% | 2026-Q2 |
| Busey Bank | 14,978 | $124K | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) new | 14,939 | $124K | 0.1% | 2026-Q2 |
| GREAT LAKES ADVISORS, LLC trimmed | 14,820 | $123K | 0.1% | 2026-Q2 |
| Element Wealth, LLC trimmed | 13,980 | $116K | 0.1% | 2026-Q2 |
| Cove Private Wealth, LLC | 13,888 | $115K | 0.1% | 2026-Q2 |
| ALONGSIDE, LLC new | 13,865 | $115K | 0.1% | 2026-Q2 |
| 49 WEALTH MANAGEMENT, LLC new | 13,865 | $115K | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 13,790 | $114K | 0.1% | 2026-Q2 |
| M&T Bank Corp new | 13,685 | $113K | 0.1% | 2026-Q2 |
| Freestone Capital Holdings, LLC | 13,674 | $113K | 0.1% | 2026-Q2 |
| FINANCIAL CONSULATE, INC | 13,640 | $113K | 0.1% | 2026-Q2 |
| Royal Harbor Partners, LLC | 13,530 | $112K | 0.1% | 2026-Q2 |
| Allegheny Financial Group | 13,267 | $110K | 0.1% | 2026-Q2 |
| FORTEM FINANCIAL GROUP, LLC trimmed | 13,175 | $109K | 0.1% | 2026-Q2 |
| Apollon Wealth Management, LLC added | 12,664 | $105K | 0.1% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. new | 12,537 | $104K | 0.1% | 2026-Q2 |
| Allworth Financial LP added | 11,983 | $99K | 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.