Who owns PBP
Which tracked institutional funds hold PBP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PBP company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 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
13 tracked funds added or opened PBP while 5 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
PBP’s largest tracked holder by dollar value, SUMITOMO LIFE INSURANCE CO, sizes it at 2.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 2.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PBP 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 59 tracked filers holding PBP, 29 increased or opened the position and 21 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 PBP 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 2
- Avidian Wealth Enterprises, LLC$1M
- Concurrent Investment Advisors, LLC$505K
Full exits 1
- Thrivent Financial for Lutherans$3M
Largest adds
- SUMITOMO LIFE INSURANCE CO$6M
- BANK OF AMERICA CORP /DE/$2M
- MAI Capital Management$2M
- Fifth Third Securities, Inc.$1M
- MORGAN STANLEY$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
Largest trims
- Cullen/Frost Bankers, Inc.$719K
- RAYMOND JAMES FINANCIAL INC$671K
- CITADEL ADVISORS LLC$597K
- Creative Planning$285K
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 |
|---|---|---|---|---|
| SUMITOMO LIFE INSURANCE CO | 6,220,000 | $142M | 58.1% | 2026-Q2 |
| MORGAN STANLEY added | 827,089 | $19M | 7.7% | 2026-Q2 |
| MAI Capital Management added | 512,601 | $12M | 4.8% | 2026-Q2 |
| United Community Bank added | 496,225 | $11M | 4.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 268,775 | $6M | 2.5% | 2026-Q2 |
| Fifth Third Securities, Inc. added | 222,453 | $5M | 2.1% | 2026-Q2 |
| LPL Financial LLC added | 216,809 | $5M | 2.0% | 2026-Q2 |
| Creative Planning trimmed | 157,604 | $4M | 1.5% | 2026-Q2 |
| Mount Lucas Management LP added | 138,716 | $3M | 1.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 124,231 | $3M | 1.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 114,786 | $3M | 1.1% | 2026-Q2 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 84,477 | $2M | 0.8% | 2026-Q2 |
| Cullen/Frost Bankers, Inc. trimmed | 83,378 | $2M | 0.8% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 80,091 | $2M | 0.7% | 2026-Q2 |
| ASSETMARK, INC added | 72,080 | $2M | 0.7% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 71,091 | $2M | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 66,263 | $2M | 0.6% | 2026-Q2 |
| Omega Financial Group, LLC trimmed | 58,201 | $1M | 0.5% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 45,313 | $1M | 0.4% | 2026-Q2 |
| Avidian Wealth Enterprises, LLC new | 44,550 | $1M | 0.4% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 41,675 | $954K | 0.4% | 2026-Q2 |
| CENTRAL TRUST Co trimmed | 35,738 | $818K | 0.3% | 2026-Q2 |
| Arax Advisory Partners added | 27,430 | $628K | 0.3% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 23,404 | $536K | 0.2% | 2026-Q2 |
| Concurrent Investment Advisors, LLC new | 22,059 | $505K | 0.2% | 2026-Q2 |
| AlphaCentric Advisors LLC added | 21,627 | $495K | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 20,952 | $480K | 0.2% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. trimmed | 16,317 | $374K | 0.2% | 2026-Q2 |
| Corient Private Wealth LP | 14,224 | $326K | 0.1% | 2026-Q2 |
| CITIZENS FINANCIAL GROUP INC/RI added | 14,117 | $323K | 0.1% | 2026-Q2 |
| Dynamic Advisor Solutions LLC trimmed | 13,313 | $305K | 0.1% | 2026-Q2 |
| Atria Investments, Inc new | 13,235 | $303K | 0.1% | 2026-Q2 |
| FIRST CITIZENS BANK & TRUST CO trimmed | 13,225 | $303K | 0.1% | 2026-Q2 |
| TMB Capital Partners, LLC added | 12,935 | $296K | 0.1% | 2026-Q2 |
| Roan Capital Partners | 12,092 | $277K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 11,832 | $271K | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 11,777 | $270K | 0.1% | 2026-Q2 |
| LEVEL FOUR ADVISORY SERVICES, LLC trimmed | 11,283 | $258K | 0.1% | 2026-Q2 |
| OneDigital Investment Advisors LLC | 9,630 | $221K | 0.1% | 2026-Q2 |
| Summit Financial, LLC new | 8,771 | $201K | 0.1% | 2026-Q2 |
| Provenance Wealth Advisors, LLC | 6,981 | $160K | 0.1% | 2026-Q2 |
| IAG Wealth Partners, LLC | 6,917 | $158K | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 4,989 | $114K | 0.0% | 2026-Q2 |
| AdvisorNet Financial, Inc | 2,715 | $62K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 1,881 | $43K | 0.0% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC new | 1,811 | $41K | 0.0% | 2026-Q2 |
| Founders Financial Alliance, LLC | 1,451 | $33K | 0.0% | 2026-Q2 |
| Physician Wealth Advisors, Inc. | 1,326 | $30K | 0.0% | 2026-Q2 |
| Strive Financial Group ,LLC trimmed | 830 | $19K | 0.0% | 2026-Q2 |
| Ameritas Investment Partners, Inc. | 792 | $18K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 671 | $15K | 0.0% | 2026-Q2 |
| Allworth Financial LP new | 578 | $13K | 0.0% | 2026-Q2 |
| SALEM INVESTMENT COUNSELORS INC | 525 | $12K | 0.0% | 2026-Q2 |
| FMR LLC | 400 | $9K | 0.0% | 2026-Q2 |
| FIFTH THIRD BANCORP | 139 | $3K | 0.0% | 2026-Q2 |
| Virginia Estate & Retirement Planning Advisors Inc. new | 39 | $3K | 0.0% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC new | 68 | $2K | 0.0% | 2026-Q2 |
| NewEdge Advisors, LLC | 32 | $733 | 0.0% | 2026-Q2 |
| DHJJ Financial Advisors, Ltd. | 10 | $229 | 0.0% | 2026-Q2 |
| Thrivent Financial for Lutherans added | 136,097 | $3M | 1.2% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC trimmed | 18,230 | $401K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| OLD MISSION CAPITAL LLC trimmed | 11,306 | $249K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC trimmed | 10,896 | $240K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Capital Advisors, Ltd. LLC added | 7,584 | $167K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Western Wealth Management, LLC new | 2,506 | $55K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| PROTECTIVE LIFE CORP new | 272 | $6K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| HighPoint Advisor Group LLC new | 9,789 | $223K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| MATAURO, LLC new | 8,869 | $202K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| MGB Wealth Management, LLC | 6,000 | $137K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| BARCLAYS PLC new | 222 | $5K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| JONES FINANCIAL COMPANIES LLLP new | 218 | $5K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| UBS Group AG trimmed | 137 | $3K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| GPS Wealth Strategies Group, LLC new | 2,467 | $55K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| JPMORGAN CHASE & CO | 899 | $20K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Steward Partners Investment Advisory, LLC new | 345 | $8K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Measured Wealth Private Client Group, LLC new | 199 | $4K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| NATIONAL BANK OF CANADA /FI/ | 92 | $2K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| PRINCIPAL SECURITIES, INC. | 65 | $1K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| SYNOVUS FINANCIAL CORP added | 195,097 | $4M | 1.7% | 2025-Q2 stale (4 quarters behind) |
| M Holdings Securities, Inc. new | 14,950 | $327K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Providence Capital Advisors, LLC new | 3,500 | $77K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| ROGCO, LP | 832 | $18K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Smartleaf Asset Management LLC added | 492 | $11K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| BLAIR WILLIAM & CO/IL | 108 | $2K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.