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Institutional Ownership · SEC Form 13F

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.

231
Institutional holders
31,402,277
Shares held (tracked funds)

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).

FundSharesReported value% of valueQuarter
MORGAN STANLEY trimmed3,040,227$37M9.3%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed2,132,844$26M6.5%2026-Q1
UBS Group AG trimmed2,117,571$26M6.5%2026-Q1
GUGGENHEIM CAPITAL LLC added2,113,760$26M6.5%2026-Q1
WELLS FARGO & COMPANY/MN added1,856,803$23M5.7%2026-Q1
Hennion & Walsh Asset Management, Inc. added1,355,685$17M4.2%2026-Q1
RAYMOND JAMES FINANCIAL INC trimmed1,067,484$13M3.3%2026-Q1
ROYAL BANK OF CANADA added1,021,558$12M3.1%2026-Q1
LPL Financial LLC added982,588$12M3.0%2026-Q1
VAN ECK ASSOCIATES CORP trimmed928,934$11M2.8%2026-Q1
Melone Private Wealth, LLC trimmed855,182$10M2.6%2026-Q1
Advisors Asset Management, Inc. added689,783$8M2.1%2026-Q1
STIFEL FINANCIAL CORP added684,242$8M2.1%2026-Q1
Cetera Investment Advisers added542,746$7M1.7%2026-Q1
McGowan Group Asset Management, Inc. added466,674$6M1.4%2026-Q1
Allianz Asset Management GmbH462,380$6M1.4%2026-Q1
Congress Park Capital LLC added437,500$5M1.3%2026-Q1
Kestra Advisory Services, LLC added401,064$5M1.2%2026-Q1
Rockefeller Capital Management L.P. added384,691$5M1.2%2026-Q1
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added369,975$5M1.1%2026-Q1
LAKE STREET PRIVATE WEALTH, LLC added366,950$4M1.1%2026-Q1
GREATMARK INVESTMENT PARTNERS, INC. trimmed316,300$4M1.0%2026-Q1
OSAIC HOLDINGS, INC. added284,957$3M0.9%2026-Q1
Edgemoor Investment Advisors, Inc. added284,883$3M0.9%2026-Q1
TRUIST FINANCIAL CORP added254,722$3M0.8%2026-Q1
KIM, LLC250,000$3M0.8%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC added241,437$3M0.7%2026-Q1
COHEN & STEERS, INC. trimmed225,295$3M0.7%2026-Q1
Cambridge Investment Research Advisors, Inc. trimmed216,269$3M0.7%2026-Q1
Baird Financial Group, Inc. added210,547$3M0.6%2026-Q1
Prospera Financial Services Inc added199,366$2M0.6%2026-Q1
Invesco Ltd. trimmed195,474$2M0.6%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added185,161$2M0.6%2026-Q1
AMERIPRISE FINANCIAL INC added169,133$2M0.5%2026-Q1
JANE STREET GROUP, LLC trimmed164,740$2M0.5%2026-Q1
Compass Financial Group, INC/SD added164,004$2M0.5%2026-Q1
Wakefield Asset Management LLLP added163,819$2M0.5%2026-Q1
Gridiron Partners, LLC trimmed163,501$2M0.5%2026-Q1
Steward Partners Investment Advisory, LLC trimmed152,562$2M0.5%2026-Q1
Capital Investment Advisors, LLC trimmed142,586$2M0.4%2026-Q1
Carson Advisory Inc. added134,230$2M0.4%2026-Q1
Lido Advisors, LLC132,003$2M0.4%2026-Q1
&PARTNERS trimmed128,053$2M0.4%2026-Q1
EverSource Wealth Advisors, LLC added47,140$2M0.4%2026-Q1
PETRA FINANCIAL ADVISORS INC added118,308$1M0.4%2026-Q1
Westview Management dba Westview Investment Advisors trimmed117,151$1M0.4%2026-Q1
Wealth Alliance Advisory Group, LLC added111,485$1M0.3%2026-Q1
HighTower Advisors, LLC trimmed95,795$1M0.3%2026-Q1
GOLDMAN SACHS GROUP INC trimmed92,001$1M0.3%2026-Q1
FF Advisors,LLC trimmed87,495$1M0.3%2026-Q1
SILVERLAKE WEALTH MANAGEMENT LLC added83,531$1M0.3%2026-Q1
World Investment Advisors added79,067$963K0.2%2026-Q1
Janney Montgomery Scott LLC added75,647$921K0.2%2026-Q1
Tyche Wealth Partners LLC added75,467$919K0.2%2026-Q1
Gould Capital, LLC trimmed69,591$848K0.2%2026-Q1
WEDBUSH SECURITIES INC trimmed69,132$842K0.2%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP added68,352$833K0.2%2026-Q1
Intellus Advisors LLC trimmed63,949$779K0.2%2026-Q1
Creative Planning trimmed63,690$776K0.2%2026-Q1
Corient Private Wealth LLC added60,710$742K0.2%2026-Q1
PRIMORIS WEALTH ADVISORS, LLC60,755$740K0.2%2026-Q1
Sanctuary Advisors, LLC trimmed58,428$712K0.2%2026-Q1
CAPTRUST FINANCIAL ADVISORS added57,832$704K0.2%2026-Q1
MACKAY SHIELDS LLC trimmed55,659$678K0.2%2026-Q1
Venture Visionary Partners LLC added53,222$648K0.2%2026-Q1
Fortitude Advisory Group L.L.C. added53,136$647K0.2%2026-Q1
XTX Topco Ltd new52,363$638K0.2%2026-Q1
Sunpointe, LLC trimmed50,098$610K0.2%2026-Q1
Wealth Care LLC new50,000$609K0.2%2026-Q1
Mariner, LLC trimmed49,556$604K0.2%2026-Q1
Private Advisor Group, LLC added49,393$602K0.2%2026-Q1
Whipplewood Advisors, LLC added46,383$565K0.1%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. added45,575$555K0.1%2026-Q1
Palogic Value Management, L.P.41,710$508K0.1%2026-Q1
Rinkey Investments added41,125$501K0.1%2026-Q1
Advisory Services Network, LLC trimmed40,590$494K0.1%2026-Q1
DUNCKER STREETT & CO INC40,409$492K0.1%2026-Q1
Summit Financial Consulting LLC added39,901$486K0.1%2026-Q1
Indivisible Partners added39,432$480K0.1%2026-Q1
Koshinski Asset Management, Inc. added38,996$475K0.1%2026-Q1
AlphaCore Capital LLC added38,598$473K0.1%2026-Q1
Plan Group Financial, LLC38,665$471K0.1%2026-Q1
Allworth Financial LP added38,653$471K0.1%2026-Q1
RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed810,446$10M2.4%2025-Q2 stale
StoneX Group Inc. added409,195$5M1.3%2025-Q4 stale
Fiera Capital Corp trimmed407,339$5M1.3%2025-Q3 stale
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD trimmed269,083$3M0.8%2025-Q1 stale
North Ground Capital trimmed223,536$3M0.7%2025-Q4 stale
AHL INVESTMENT MANAGEMENT, INC. trimmed207,067$2M0.6%2025-Q2 stale
ROBINSON CAPITAL MANAGEMENT, LLC trimmed173,434$2M0.5%2025-Q4 stale
Allspring Global Investments Holdings, LLC trimmed179,052$2M0.5%2025-Q2 stale
Colter Lewis Investment Partners LLC new110,104$1M0.3%2025-Q4 stale
Pathstone Holdings, LLC trimmed105,511$1M0.3%2025-Q1 stale
Alpine Global Management, LLC trimmed108,218$1M0.3%2025-Q4 stale
Westchester Capital Management, LLC87,974$1M0.3%2025-Q1 stale
NOVUS ADVISORS, LLC84,788$1M0.3%2025-Q1 stale
Stratos Wealth Advisors, LLC trimmed65,855$785K0.2%2025-Q2 stale
MGB Wealth Management, LLC added53,019$667K0.2%2025-Q4 stale
Orion Porfolio Solutions, LLC added42,128$530K0.1%2025-Q4 stale
Elequin Capital, LP added42,314$504K0.1%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.

HoldersTotal shares

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.

Learn how to read institutional ownership