Who owns 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-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
29 tracked funds added or opened NZF while 12 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
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 2026-Q1 and 2026-Q2, across 232 tracked filers holding NZF, 111 increased or opened the position and 86 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 NZF 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 6
- STEPHENS INC /AR/$1M
- Operose Advisors LLC$1M
- Regatta Research & Money Management$716K
- RAMSEY QUANTITATIVE SYSTEMS$571K
- Beacon Pointe Advisors, LLC$529K
- Abel Hall, LLC$507K
Full exits 6
- COHEN & STEERS, INC.$3M
- Cambridge Investment Research Advisors, Inc.$3M
- HighTower Advisors, LLC$1M
- Janney Montgomery Scott LLC$921K
- WEDBUSH SECURITIES INC$842K
- MACKAY SHIELDS LLC$678K
Largest adds
- WELLS FARGO & COMPANY/MN$5M
- Hennion & Walsh Asset Management, Inc.$4M
- NewEdge Advisors, LLC$2M
- MORGAN STANLEY$2M
- Melone Private Wealth, LLC$2M
- GUGGENHEIM CAPITAL LLC$2M
Largest trims
- Gridiron Partners, LLC$2M
- BANK OF AMERICA CORP /DE/$2M
- EverSource Wealth Advisors, LLC$1M
- Prospera Financial Services Inc$741K
- Westview Management dba Westview Investment Advisors$478K
- UBS Group AG$324K
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 3,087,546 | $39M | 10.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,205,133 | $28M | 7.3% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 2,180,790 | $28M | 7.2% | 2026-Q2 |
| UBS Group AG trimmed | 2,008,537 | $25M | 6.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,923,434 | $24M | 6.3% | 2026-Q2 |
| Hennion & Walsh Asset Management, Inc. added | 1,605,436 | $20M | 5.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 1,167,360 | $15M | 3.8% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,086,535 | $14M | 3.6% | 2026-Q2 |
| LPL Financial LLC added | 1,083,518 | $14M | 3.6% | 2026-Q2 |
| Melone Private Wealth, LLC added | 972,837 | $12M | 3.2% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP added | 949,535 | $12M | 3.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 720,508 | $9M | 2.4% | 2026-Q2 |
| Advisors Asset Management, Inc. trimmed | 680,478 | $9M | 2.2% | 2026-Q2 |
| Cetera Investment Advisers added | 587,505 | $7M | 1.9% | 2026-Q2 |
| McGowan Group Asset Management, Inc. added | 469,795 | $6M | 1.5% | 2026-Q2 |
| Allianz Asset Management GmbH | 462,380 | $6M | 1.5% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 439,598 | $6M | 1.4% | 2026-Q2 |
| Congress Park Capital LLC | 437,500 | $6M | 1.4% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 413,937 | $5M | 1.4% | 2026-Q2 |
| LAKE STREET PRIVATE WEALTH, LLC added | 404,250 | $5M | 1.3% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 364,448 | $5M | 1.2% | 2026-Q2 |
| GREATMARK INVESTMENT PARTNERS, INC. | 316,300 | $4M | 1.0% | 2026-Q2 |
| Edgemoor Investment Advisors, Inc. added | 303,993 | $4M | 1.0% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 300,981 | $4M | 1.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 289,565 | $4M | 1.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 250,270 | $3M | 0.8% | 2026-Q2 |
| KIM, LLC | 250,000 | $3M | 0.8% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 242,059 | $3M | 0.8% | 2026-Q2 |
| Baird Financial Group, Inc. added | 225,020 | $3M | 0.7% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 205,503 | $3M | 0.7% | 2026-Q2 |
| NewEdge Advisors, LLC added | 204,553 | $3M | 0.7% | 2026-Q2 |
| Invesco Ltd. added | 195,832 | $2M | 0.6% | 2026-Q2 |
| Wakefield Asset Management LLLP added | 182,597 | $2M | 0.6% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 169,393 | $2M | 0.6% | 2026-Q2 |
| Compass Financial Group, INC/SD added | 164,571 | $2M | 0.5% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 146,071 | $2M | 0.5% | 2026-Q2 |
| Lido Advisors, LLC added | 136,118 | $2M | 0.5% | 2026-Q2 |
| Wealth Alliance Advisory Group, LLC added | 134,881 | $2M | 0.4% | 2026-Q2 |
| Prospera Financial Services Inc trimmed | 133,043 | $2M | 0.4% | 2026-Q2 |
| Carson Advisory Inc. trimmed | 131,159 | $2M | 0.4% | 2026-Q2 |
| Capital Investment Advisors, LLC trimmed | 130,736 | $2M | 0.4% | 2026-Q2 |
| &PARTNERS trimmed | 121,006 | $2M | 0.4% | 2026-Q2 |
| PETRA FINANCIAL ADVISORS INC trimmed | 117,720 | $1M | 0.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 89,801 | $1M | 0.3% | 2026-Q2 |
| SILVERLAKE WEALTH MANAGEMENT LLC added | 88,928 | $1M | 0.3% | 2026-Q2 |
| STEPHENS INC /AR/ new | 84,678 | $1M | 0.3% | 2026-Q2 |
| FF Advisors,LLC trimmed | 84,603 | $1M | 0.3% | 2026-Q2 |
| Operose Advisors LLC new | 79,113 | $1M | 0.3% | 2026-Q2 |
| World Investment Advisors trimmed | 76,439 | $938K | 0.2% | 2026-Q2 |
| Westview Management dba Westview Investment Advisors trimmed | 74,839 | $949K | 0.2% | 2026-Q2 |
| PRIMORIS WEALTH ADVISORS, LLC added | 72,755 | $923K | 0.2% | 2026-Q2 |
| Tyche Wealth Partners LLC trimmed | 72,454 | $919K | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 71,465 | $906K | 0.2% | 2026-Q2 |
| Gould Capital, LLC trimmed | 69,263 | $878K | 0.2% | 2026-Q2 |
| XTX Topco Ltd added | 65,521 | $831K | 0.2% | 2026-Q2 |
| Intellus Advisors LLC trimmed | 60,951 | $773K | 0.2% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS | 57,832 | $733K | 0.2% | 2026-Q2 |
| Regatta Research & Money Management new | 56,478 | $716K | 0.2% | 2026-Q2 |
| Sanctuary Advisors, LLC trimmed | 55,686 | $706K | 0.2% | 2026-Q2 |
| Fortitude Advisory Group L.L.C. added | 53,924 | $684K | 0.2% | 2026-Q2 |
| Venture Visionary Partners LLC trimmed | 53,215 | $675K | 0.2% | 2026-Q2 |
| Mariner, LLC added | 51,451 | $652K | 0.2% | 2026-Q2 |
| Rinkey Investments added | 50,925 | $646K | 0.2% | 2026-Q2 |
| Wealth Care LLC | 50,000 | $634K | 0.2% | 2026-Q2 |
| Sunpointe, LLC trimmed | 49,991 | $634K | 0.2% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 48,843 | $621K | 0.2% | 2026-Q2 |
| Creative Planning trimmed | 46,221 | $586K | 0.2% | 2026-Q2 |
| Whipplewood Advisors, LLC trimmed | 45,158 | $573K | 0.1% | 2026-Q2 |
| RAMSEY QUANTITATIVE SYSTEMS new | 45,000 | $571K | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 41,738 | $529K | 0.1% | 2026-Q2 |
| Palogic Value Management, L.P. | 41,710 | $529K | 0.1% | 2026-Q2 |
| Summit Financial Consulting LLC added | 41,208 | $523K | 0.1% | 2026-Q2 |
| Balefire, LLC added | 40,896 | $519K | 0.1% | 2026-Q2 |
| ROTHSCHILD INVESTMENT LLC added | 40,707 | $516K | 0.1% | 2026-Q2 |
| DUNCKER STREETT & CO INC | 40,409 | $512K | 0.1% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 40,104 | $509K | 0.1% | 2026-Q2 |
| Abel Hall, LLC new | 40,000 | $507K | 0.1% | 2026-Q2 |
| AlphaCore Capital LLC added | 39,896 | $509K | 0.1% | 2026-Q2 |
| Indivisible Partners added | 39,541 | $501K | 0.1% | 2026-Q2 |
| Allworth Financial LP added | 39,135 | $496K | 0.1% | 2026-Q2 |
| Plan Group Financial, LLC | 38,665 | $490K | 0.1% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 37,573 | $476K | 0.1% | 2026-Q2 |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV | 37,009 | $469K | 0.1% | 2026-Q2 |
| River Street Advisors LLC | 34,431 | $437K | 0.1% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 34,338 | $435K | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 33,796 | $429K | 0.1% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. trimmed | 33,684 | $427K | 0.1% | 2026-Q2 |
| Perennial Investment Advisors, LLC added | 33,526 | $425K | 0.1% | 2026-Q2 |
| Savvy Advisors, Inc. added | 33,525 | $425K | 0.1% | 2026-Q2 |
| Chicago Partners Investment Group LLC added | 32,282 | $396K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 32,091 | $404K | 0.1% | 2026-Q2 |
| CARY STREET PARTNERS FINANCIAL LLC | 31,590 | $401K | 0.1% | 2026-Q2 |
| HOLLENCREST CAPITAL MANAGEMENT trimmed | 30,929 | $392K | 0.1% | 2026-Q2 |
| Meadow Creek Wealth Advisors LLC added | 30,757 | $390K | 0.1% | 2026-Q2 |
| Regal Investment Advisors LLC added | 30,750 | $390K | 0.1% | 2026-Q2 |
| Koshinski Asset Management, Inc. trimmed | 30,174 | $383K | 0.1% | 2026-Q2 |
| DAYMARK WEALTH PARTNERS, LLC added | 29,848 | $378K | 0.1% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC | 29,604 | $375K | 0.1% | 2026-Q2 |
| PFG Investments, LLC added | 29,509 | $374K | 0.1% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 28,925 | $367K | 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.