Who owns NVG
Which tracked institutional funds hold NVG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NVG 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
19 tracked funds added or opened NVG while 28 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
NVG’s largest tracked holder by dollar value, GUGGENHEIM CAPITAL LLC, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NVG 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 252 tracked filers holding NVG, 104 increased or opened the position and 99 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 NVG 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 4
- Fiera Capital Corp$2M
- Summit Trail Advisors, LLC$947K
- XTX Topco Ltd$555K
- FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC$530K
Full exits 10
- StoneX Group Inc.$5M
- RIVERNORTH CAPITAL MANAGEMENT, LLC$4M
- J.W. COLE ADVISORS, INC.$3M
- NewEdge Advisors, LLC$2M
- Westchester Capital Management, LLC$2M
- ROBINSON CAPITAL MANAGEMENT, LLC$1M
Largest adds
- Left Brain Wealth Management, LLC$5M
- GUGGENHEIM CAPITAL LLC$4M
- Hennion & Walsh Asset Management, Inc.$3M
- RAYMOND JAMES FINANCIAL INC$2M
- Kestra Advisory Services, LLC$2M
- LPL Financial LLC$2M
Largest trims
- HighTower Advisors, LLC$4M
- MORGAN STANLEY$3M
- VAN ECK ASSOCIATES CORP$3M
- North Ground Capital$2M
- COHEN & STEERS, INC.$2M
- Alpine Global Management, LLC$1M
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 |
|---|---|---|---|---|
| GUGGENHEIM CAPITAL LLC added | 2,961,500 | $37M | 9.0% | 2026-Q1 |
| MORGAN STANLEY trimmed | 2,735,300 | $34M | 8.3% | 2026-Q1 |
| UBS Group AG trimmed | 1,966,516 | $24M | 6.0% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. added | 1,918,023 | $24M | 5.9% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,465,028 | $18M | 4.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,258,546 | $16M | 3.8% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,244,816 | $15M | 3.8% | 2026-Q1 |
| Artesa Financial Group, LLC trimmed | 1,114,100 | $14M | 3.4% | 2026-Q1 |
| LPL Financial LLC added | 1,092,408 | $13M | 3.3% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 1,018,341 | $13M | 3.1% | 2026-Q1 |
| Advisors Asset Management, Inc. added | 686,051 | $8M | 2.1% | 2026-Q1 |
| Cornerstone Advisory, LLC trimmed | 636,473 | $8M | 1.9% | 2026-Q1 |
| Congress Park Capital LLC added | 583,000 | $7M | 1.8% | 2026-Q1 |
| McGowan Group Asset Management, Inc. added | 492,124 | $6M | 1.5% | 2026-Q1 |
| Allianz Asset Management GmbH | 470,900 | $6M | 1.4% | 2026-Q1 |
| Left Brain Wealth Management, LLC added | 455,461 | $6M | 1.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 448,875 | $6M | 1.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 439,789 | $5M | 1.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 401,512 | $5M | 1.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 383,621 | $5M | 1.2% | 2026-Q1 |
| LaSalle St. Investment Advisors, LLC added | 368,573 | $5M | 1.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 363,215 | $4M | 1.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 296,752 | $4M | 0.9% | 2026-Q1 |
| Palogic Value Management, L.P. added | 283,732 | $3M | 0.9% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 227,413 | $3M | 0.7% | 2026-Q1 |
| Cetera Investment Advisers added | 219,465 | $3M | 0.7% | 2026-Q1 |
| Invesco Ltd. trimmed | 195,315 | $2M | 0.6% | 2026-Q1 |
| Gould Capital, LLC added | 190,833 | $2M | 0.6% | 2026-Q1 |
| MELFA WEALTH MANAGEMENT, INC. added | 182,448 | $2M | 0.6% | 2026-Q1 |
| SIT INVESTMENT ASSOCIATES INC trimmed | 174,156 | $2M | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 168,619 | $2M | 0.5% | 2026-Q1 |
| Gridiron Partners, LLC trimmed | 166,284 | $2M | 0.5% | 2026-Q1 |
| Arkadios Wealth Advisors added | 162,902 | $2M | 0.5% | 2026-Q1 |
| Fiera Capital Corp added | 162,248 | $2M | 0.5% | 2026-Q1 |
| KENNEDY INVESTMENT GROUP, INC. trimmed | 159,518 | $2M | 0.5% | 2026-Q1 |
| COHEN & STEERS, INC. trimmed | 154,978 | $2M | 0.5% | 2026-Q1 |
| Creative Planning trimmed | 145,917 | $2M | 0.4% | 2026-Q1 |
| Pallas Capital Advisors LLC | 144,258 | $2M | 0.4% | 2026-Q1 |
| Focus Partners Wealth trimmed | 142,178 | $2M | 0.4% | 2026-Q1 |
| CoreCap Advisors, LLC added | 135,769 | $2M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 129,486 | $2M | 0.4% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 129,415 | $2M | 0.4% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 126,672 | $2M | 0.4% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 124,691 | $2M | 0.4% | 2026-Q1 |
| PINNACLE ASSOCIATES LTD trimmed | 123,724 | $2M | 0.4% | 2026-Q1 |
| SILVERLAKE WEALTH MANAGEMENT LLC added | 122,454 | $2M | 0.4% | 2026-Q1 |
| Tyche Wealth Partners LLC trimmed | 122,352 | $2M | 0.4% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 122,322 | $2M | 0.4% | 2026-Q1 |
| Mariner, LLC trimmed | 115,187 | $1M | 0.4% | 2026-Q1 |
| North Ground Capital trimmed | 113,390 | $1M | 0.3% | 2026-Q1 |
| Lido Advisors, LLC | 112,625 | $1M | 0.3% | 2026-Q1 |
| Wealth Advisors of Tampa Bay, LLC | 109,152 | $1M | 0.3% | 2026-Q1 |
| OPPENHEIMER & CO INC added | 107,308 | $1M | 0.3% | 2026-Q1 |
| Kingsview Wealth Management, LLC added | 103,239 | $1M | 0.3% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 100,299 | $1M | 0.3% | 2026-Q1 |
| Melone Private Wealth, LLC added | 100,164 | $1M | 0.3% | 2026-Q1 |
| Worthington Financial Partners, LLC added | 97,753 | $1M | 0.3% | 2026-Q1 |
| &PARTNERS added | 93,021 | $1M | 0.3% | 2026-Q1 |
| FSA Advisors, Inc. added | 92,714 | $1M | 0.3% | 2026-Q1 |
| Smith Asset Management Co., LLC trimmed | 87,725 | $1M | 0.3% | 2026-Q1 |
| Capital Investment Advisors, LLC trimmed | 84,846 | $1M | 0.3% | 2026-Q1 |
| CHAPIN DAVIS, INC. added | 80,406 | $991K | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 79,939 | $986K | 0.2% | 2026-Q1 |
| World Investment Advisors added | 79,600 | $981K | 0.2% | 2026-Q1 |
| SMITH, MOORE & CO. trimmed | 78,157 | $964K | 0.2% | 2026-Q1 |
| Prospera Financial Services Inc trimmed | 77,543 | $956K | 0.2% | 2026-Q1 |
| Summit Trail Advisors, LLC added | 76,780 | $947K | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 74,614 | $920K | 0.2% | 2026-Q1 |
| WESBANCO BANK INC | 73,979 | $912K | 0.2% | 2026-Q1 |
| Whipplewood Advisors, LLC trimmed | 72,954 | $900K | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 70,756 | $884K | 0.2% | 2026-Q1 |
| Kercheville Advisors, LLC added | 66,600 | $821K | 0.2% | 2026-Q1 |
| Summit Financial, LLC added | 65,794 | $816K | 0.2% | 2026-Q1 |
| Caldwell Trust Co | 61,033 | $753K | 0.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 58,527 | $722K | 0.2% | 2026-Q1 |
| Mathes Company, Inc. | 51,500 | $635K | 0.2% | 2026-Q1 |
| Founders Financial Alliance, LLC trimmed | 49,665 | $612K | 0.2% | 2026-Q1 |
| Broyhill Asset Management, LLC trimmed | 46,362 | $572K | 0.1% | 2026-Q1 |
| XTX Topco Ltd added | 45,011 | $555K | 0.1% | 2026-Q1 |
| Oxbow Advisors, LLC trimmed | 43,242 | $533K | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC added | 42,918 | $531K | 0.1% | 2026-Q1 |
| FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC | 42,948 | $530K | 0.1% | 2026-Q1 |
| MACKAY SHIELDS LLC trimmed | 1,165,469 | $14M | 3.5% | 2025-Q3 stale |
| StoneX Group Inc. trimmed | 385,320 | $5M | 1.2% | 2025-Q4 stale |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 280,382 | $4M | 0.9% | 2025-Q4 stale |
| J.W. COLE ADVISORS, INC. trimmed | 237,068 | $3M | 0.7% | 2025-Q4 stale |
| Karpus Management, Inc. added | 235,800 | $3M | 0.7% | 2025-Q2 stale |
| NewEdge Advisors, LLC trimmed | 145,007 | $2M | 0.5% | 2025-Q4 stale |
| Westchester Capital Management, LLC | 123,412 | $2M | 0.4% | 2025-Q4 stale |
| Rareview Capital LLC added | 107,312 | $1M | 0.3% | 2025-Q3 stale |
| ROBINSON CAPITAL MANAGEMENT, LLC trimmed | 100,000 | $1M | 0.3% | 2025-Q4 stale |
| Dakota Wealth Management added | 85,610 | $1M | 0.3% | 2025-Q2 stale |
| AXXCESS WEALTH MANAGEMENT, LLC added | 56,697 | $718K | 0.2% | 2025-Q4 stale |
| Stratos Wealth Advisors, LLC | 59,520 | $710K | 0.2% | 2025-Q2 stale |
| Vident Advisory, LLC new | 53,010 | $671K | 0.2% | 2025-Q4 stale |
| ORG Partners LLC new | 50,000 | $633K | 0.2% | 2025-Q4 stale |
| GOLDMAN SACHS GROUP INC trimmed | 49,169 | $622K | 0.2% | 2025-Q4 stale |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC | 50,613 | $604K | 0.1% | 2025-Q2 stale |
| NORTHERN TRUST CORP added | 44,686 | $553K | 0.1% | 2025-Q1 stale |
| Sonora Investment Management Group, LLC | 43,279 | $532K | 0.1% | 2025-Q3 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.