Who owns NZF (NZF)
Which tracked institutional funds hold NZF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NZF 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
16 tracked funds added or opened NZF while 23 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
NZF’s largest tracked holder by dollar value, MORGAN STANLEY, 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 NZF more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in NZF 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 231 tracked filers holding NZF, 109 increased or opened the position and 89 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 NZF 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 3
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$833K
- XTX Topco Ltd$638K
- Wealth Care LLC$609K
Full exits 7
- StoneX Group Inc.$5M
- North Ground Capital$3M
- ROBINSON CAPITAL MANAGEMENT, LLC$2M
- Colter Lewis Investment Partners LLC$1M
- Alpine Global Management, LLC$1M
- MGB Wealth Management, LLC$667K
Largest adds
- GUGGENHEIM CAPITAL LLC$3M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$3M
- LPL Financial LLC$2M
- EverSource Wealth Advisors, LLC$1M
- Baird Financial Group, Inc.$1M
- LAKE STREET PRIVATE WEALTH, LLC$517K
Largest trims
- BANK OF AMERICA CORP /DE/$14M
- MORGAN STANLEY$8M
- HighTower Advisors, LLC$5M
- MACKAY SHIELDS LLC$3M
- NewEdge Advisors, LLC$2M
- UBS Group AG$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 |
|---|---|---|---|---|
| MORGAN STANLEY trimmed | 3,040,227 | $37M | 9.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,132,844 | $26M | 6.5% | 2026-Q1 |
| UBS Group AG trimmed | 2,117,571 | $26M | 6.5% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 2,113,760 | $26M | 6.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,856,803 | $23M | 5.7% | 2026-Q1 |
| Hennion & Walsh Asset Management, Inc. added | 1,355,685 | $17M | 4.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,067,484 | $13M | 3.3% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,021,558 | $12M | 3.1% | 2026-Q1 |
| LPL Financial LLC added | 982,588 | $12M | 3.0% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 928,934 | $11M | 2.8% | 2026-Q1 |
| Melone Private Wealth, LLC trimmed | 855,182 | $10M | 2.6% | 2026-Q1 |
| Advisors Asset Management, Inc. added | 689,783 | $8M | 2.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 684,242 | $8M | 2.1% | 2026-Q1 |
| Cetera Investment Advisers added | 542,746 | $7M | 1.7% | 2026-Q1 |
| McGowan Group Asset Management, Inc. added | 466,674 | $6M | 1.4% | 2026-Q1 |
| Allianz Asset Management GmbH | 462,380 | $6M | 1.4% | 2026-Q1 |
| Congress Park Capital LLC added | 437,500 | $5M | 1.3% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 401,064 | $5M | 1.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 384,691 | $5M | 1.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 369,975 | $5M | 1.1% | 2026-Q1 |
| LAKE STREET PRIVATE WEALTH, LLC added | 366,950 | $4M | 1.1% | 2026-Q1 |
| GREATMARK INVESTMENT PARTNERS, INC. trimmed | 316,300 | $4M | 1.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 284,957 | $3M | 0.9% | 2026-Q1 |
| Edgemoor Investment Advisors, Inc. added | 284,883 | $3M | 0.9% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 254,722 | $3M | 0.8% | 2026-Q1 |
| KIM, LLC | 250,000 | $3M | 0.8% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 241,437 | $3M | 0.7% | 2026-Q1 |
| COHEN & STEERS, INC. trimmed | 225,295 | $3M | 0.7% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 216,269 | $3M | 0.7% | 2026-Q1 |
| Baird Financial Group, Inc. added | 210,547 | $3M | 0.6% | 2026-Q1 |
| Prospera Financial Services Inc added | 199,366 | $2M | 0.6% | 2026-Q1 |
| Invesco Ltd. trimmed | 195,474 | $2M | 0.6% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 185,161 | $2M | 0.6% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 169,133 | $2M | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 164,740 | $2M | 0.5% | 2026-Q1 |
| Compass Financial Group, INC/SD added | 164,004 | $2M | 0.5% | 2026-Q1 |
| Wakefield Asset Management LLLP added | 163,819 | $2M | 0.5% | 2026-Q1 |
| Gridiron Partners, LLC trimmed | 163,501 | $2M | 0.5% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 152,562 | $2M | 0.5% | 2026-Q1 |
| Capital Investment Advisors, LLC trimmed | 142,586 | $2M | 0.4% | 2026-Q1 |
| Carson Advisory Inc. added | 134,230 | $2M | 0.4% | 2026-Q1 |
| Lido Advisors, LLC | 132,003 | $2M | 0.4% | 2026-Q1 |
| &PARTNERS trimmed | 128,053 | $2M | 0.4% | 2026-Q1 |
| EverSource Wealth Advisors, LLC added | 47,140 | $2M | 0.4% | 2026-Q1 |
| PETRA FINANCIAL ADVISORS INC added | 118,308 | $1M | 0.4% | 2026-Q1 |
| Westview Management dba Westview Investment Advisors trimmed | 117,151 | $1M | 0.4% | 2026-Q1 |
| Wealth Alliance Advisory Group, LLC added | 111,485 | $1M | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 95,795 | $1M | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 92,001 | $1M | 0.3% | 2026-Q1 |
| FF Advisors,LLC trimmed | 87,495 | $1M | 0.3% | 2026-Q1 |
| SILVERLAKE WEALTH MANAGEMENT LLC added | 83,531 | $1M | 0.3% | 2026-Q1 |
| World Investment Advisors added | 79,067 | $963K | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 75,647 | $921K | 0.2% | 2026-Q1 |
| Tyche Wealth Partners LLC added | 75,467 | $919K | 0.2% | 2026-Q1 |
| Gould Capital, LLC trimmed | 69,591 | $848K | 0.2% | 2026-Q1 |
| WEDBUSH SECURITIES INC trimmed | 69,132 | $842K | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 68,352 | $833K | 0.2% | 2026-Q1 |
| Intellus Advisors LLC trimmed | 63,949 | $779K | 0.2% | 2026-Q1 |
| Creative Planning trimmed | 63,690 | $776K | 0.2% | 2026-Q1 |
| Corient Private Wealth LLC added | 60,710 | $742K | 0.2% | 2026-Q1 |
| PRIMORIS WEALTH ADVISORS, LLC | 60,755 | $740K | 0.2% | 2026-Q1 |
| Sanctuary Advisors, LLC trimmed | 58,428 | $712K | 0.2% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 57,832 | $704K | 0.2% | 2026-Q1 |
| MACKAY SHIELDS LLC trimmed | 55,659 | $678K | 0.2% | 2026-Q1 |
| Venture Visionary Partners LLC added | 53,222 | $648K | 0.2% | 2026-Q1 |
| Fortitude Advisory Group L.L.C. added | 53,136 | $647K | 0.2% | 2026-Q1 |
| XTX Topco Ltd new | 52,363 | $638K | 0.2% | 2026-Q1 |
| Sunpointe, LLC trimmed | 50,098 | $610K | 0.2% | 2026-Q1 |
| Wealth Care LLC new | 50,000 | $609K | 0.2% | 2026-Q1 |
| Mariner, LLC trimmed | 49,556 | $604K | 0.2% | 2026-Q1 |
| Private Advisor Group, LLC added | 49,393 | $602K | 0.2% | 2026-Q1 |
| Whipplewood Advisors, LLC added | 46,383 | $565K | 0.1% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 45,575 | $555K | 0.1% | 2026-Q1 |
| Palogic Value Management, L.P. | 41,710 | $508K | 0.1% | 2026-Q1 |
| Rinkey Investments added | 41,125 | $501K | 0.1% | 2026-Q1 |
| Advisory Services Network, LLC trimmed | 40,590 | $494K | 0.1% | 2026-Q1 |
| DUNCKER STREETT & CO INC | 40,409 | $492K | 0.1% | 2026-Q1 |
| Summit Financial Consulting LLC added | 39,901 | $486K | 0.1% | 2026-Q1 |
| Indivisible Partners added | 39,432 | $480K | 0.1% | 2026-Q1 |
| Koshinski Asset Management, Inc. added | 38,996 | $475K | 0.1% | 2026-Q1 |
| AlphaCore Capital LLC added | 38,598 | $473K | 0.1% | 2026-Q1 |
| Plan Group Financial, LLC | 38,665 | $471K | 0.1% | 2026-Q1 |
| Allworth Financial LP added | 38,653 | $471K | 0.1% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 810,446 | $10M | 2.4% | 2025-Q2 stale |
| StoneX Group Inc. added | 409,195 | $5M | 1.3% | 2025-Q4 stale |
| Fiera Capital Corp trimmed | 407,339 | $5M | 1.3% | 2025-Q3 stale |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD trimmed | 269,083 | $3M | 0.8% | 2025-Q1 stale |
| North Ground Capital trimmed | 223,536 | $3M | 0.7% | 2025-Q4 stale |
| AHL INVESTMENT MANAGEMENT, INC. trimmed | 207,067 | $2M | 0.6% | 2025-Q2 stale |
| ROBINSON CAPITAL MANAGEMENT, LLC trimmed | 173,434 | $2M | 0.5% | 2025-Q4 stale |
| Allspring Global Investments Holdings, LLC trimmed | 179,052 | $2M | 0.5% | 2025-Q2 stale |
| Colter Lewis Investment Partners LLC new | 110,104 | $1M | 0.3% | 2025-Q4 stale |
| Pathstone Holdings, LLC trimmed | 105,511 | $1M | 0.3% | 2025-Q1 stale |
| Alpine Global Management, LLC trimmed | 108,218 | $1M | 0.3% | 2025-Q4 stale |
| Westchester Capital Management, LLC | 87,974 | $1M | 0.3% | 2025-Q1 stale |
| NOVUS ADVISORS, LLC | 84,788 | $1M | 0.3% | 2025-Q1 stale |
| Stratos Wealth Advisors, LLC trimmed | 65,855 | $785K | 0.2% | 2025-Q2 stale |
| MGB Wealth Management, LLC added | 53,019 | $667K | 0.2% | 2025-Q4 stale |
| Orion Porfolio Solutions, LLC added | 42,128 | $530K | 0.1% | 2025-Q4 stale |
| Elequin Capital, LP added | 42,314 | $504K | 0.1% | 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.