Who owns PCEF
Which tracked institutional funds hold PCEF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PCEF 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
18 tracked funds added or opened PCEF while 7 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
PCEF’s largest tracked holder by dollar value, ROYAL BANK OF CANADA, 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 conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PCEF 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 116 tracked filers holding PCEF, 54 increased or opened the position and 58 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 PCEF 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
- SYKON CAPITAL LLC$7M
- NewEdge Advisors, LLC$801K
Full exits 6
- Independent Advisor Alliance$20M
- Cambridge Investment Research Advisors, Inc.$4M
- HighTower Advisors, LLC$2M
- WealthShield Partners, LLC$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$893K
- CWM, LLC$519K
Largest adds
- Larson Financial Group LLC$8M
- ROYAL BANK OF CANADA$7M
- MORGAN STANLEY$5M
- ENVESTNET ASSET MANAGEMENT INC$5M
- OSAIC HOLDINGS, INC.$2M
- WELLS FARGO & COMPANY/MN$2M
Largest trims
- COMMONWEALTH EQUITY SERVICES, LLC$361K
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 |
|---|---|---|---|---|
| ROYAL BANK OF CANADA added | 3,107,327 | $63M | 16.4% | 2026-Q2 |
| MORGAN STANLEY added | 2,611,893 | $53M | 13.8% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 2,267,351 | $46M | 12.0% | 2026-Q2 |
| Larson Financial Group LLC added | 1,461,727 | $30M | 7.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 1,397,439 | $28M | 7.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 917,971 | $19M | 4.8% | 2026-Q2 |
| LPL Financial LLC trimmed | 908,977 | $18M | 4.8% | 2026-Q2 |
| Intrua Financial, LLC added | 666,589 | $14M | 3.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 589,599 | $12M | 3.1% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 462,122 | $9M | 2.4% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 445,326 | $9M | 2.4% | 2026-Q2 |
| SYKON CAPITAL LLC added | 367,770 | $7M | 1.9% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 365,033 | $7M | 1.9% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 363,930 | $7M | 1.9% | 2026-Q2 |
| UBS Group AG added | 321,028 | $7M | 1.7% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 233,056 | $5M | 1.2% | 2026-Q2 |
| ADELL HARRIMAN & CARPENTER INC added | 196,499 | $4M | 1.0% | 2026-Q2 |
| Mariner, LLC added | 129,002 | $3M | 0.7% | 2026-Q2 |
| DUMONT & BLAKE INVESTMENT ADVISORS LLC trimmed | 119,249 | $2M | 0.6% | 2026-Q2 |
| STEPHENS INC /AR/ added | 118,235 | $2M | 0.6% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 101,043 | $2M | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 97,140 | $2M | 0.5% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 94,877 | $2M | 0.5% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 93,376 | $2M | 0.5% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 68,461 | $1M | 0.4% | 2026-Q2 |
| Summit Financial, LLC trimmed | 63,732 | $1M | 0.3% | 2026-Q2 |
| Cornerstone Wealth Management, LLC added | 63,586 | $1M | 0.3% | 2026-Q2 |
| PANORAMIC INVESTMENT ADVISORS, LLC added | 60,418 | $1M | 0.3% | 2026-Q2 |
| OPPENHEIMER & CO INC trimmed | 58,161 | $1M | 0.3% | 2026-Q2 |
| Goldstone Financial Group, LLC trimmed | 51,486 | $1M | 0.3% | 2026-Q2 |
| MARINO, STRAM & ASSOCIATES LLC added | 49,220 | $1,000K | 0.3% | 2026-Q2 |
| Heartwood Wealth Advisors LLC | 48,846 | $992K | 0.3% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 47,475 | $964K | 0.3% | 2026-Q2 |
| Gotham Asset Management, LLC added | 43,225 | $878K | 0.2% | 2026-Q2 |
| Future Financial Wealth Managment LLC trimmed | 42,137 | $839K | 0.2% | 2026-Q2 |
| Geneos Wealth Management Inc. added | 41,316 | $839K | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 39,477 | $802K | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 39,429 | $801K | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 33,088 | $672K | 0.2% | 2026-Q2 |
| Argyle Capital Partners, LLC added | 32,244 | $655K | 0.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 30,188 | $613K | 0.2% | 2026-Q2 |
| Orion Porfolio Solutions, LLC trimmed | 29,947 | $608K | 0.2% | 2026-Q2 |
| Smartleaf Asset Management LLC | 28,864 | $584K | 0.2% | 2026-Q2 |
| Sowell Financial Services LLC trimmed | 27,290 | $554K | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 27,142 | $551K | 0.1% | 2026-Q2 |
| Chicago Partners Investment Group LLC trimmed | 26,505 | $528K | 0.1% | 2026-Q2 |
| Endowment Wealth Management, Inc. trimmed | 25,516 | $518K | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 24,152 | $493K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 22,733 | $462K | 0.1% | 2026-Q2 |
| BTS Asset Management, Inc. added | 21,659 | $440K | 0.1% | 2026-Q2 |
| Gladstone Institutional Advisory LLC trimmed | 21,089 | $428K | 0.1% | 2026-Q2 |
| ODonnell Financial Services, LLC new | 20,399 | $414K | 0.1% | 2026-Q2 |
| Creative Planning trimmed | 19,429 | $395K | 0.1% | 2026-Q2 |
| NWF Advisory Services Inc. trimmed | 19,305 | $392K | 0.1% | 2026-Q2 |
| Southland Equity Partners LLC | 18,669 | $379K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 18,419 | $374K | 0.1% | 2026-Q2 |
| Beck Bode, LLC trimmed | 18,228 | $370K | 0.1% | 2026-Q2 |
| Buska Wealth Management, LLC trimmed | 17,808 | $362K | 0.1% | 2026-Q2 |
| LEVEL FOUR ADVISORY SERVICES, LLC added | 17,322 | $352K | 0.1% | 2026-Q2 |
| Pinnacle Wealth Planning Services, Inc. | 17,190 | $349K | 0.1% | 2026-Q2 |
| &PARTNERS trimmed | 16,972 | $345K | 0.1% | 2026-Q2 |
| Boxwood Ventures, Inc. added | 16,103 | $327K | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 15,326 | $311K | 0.1% | 2026-Q2 |
| Clearstead Advisors, LLC added | 15,225 | $309K | 0.1% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 14,031 | $285K | 0.1% | 2026-Q2 |
| QP WEALTH MANAGEMENT, LLC trimmed | 13,276 | $270K | 0.1% | 2026-Q2 |
| GAMMA Investing LLC added | 13,027 | $265K | 0.1% | 2026-Q2 |
| Compass Financial Services Inc trimmed | 12,924 | $262K | 0.1% | 2026-Q2 |
| SAX WEALTH ADVISORS, LLC | 12,500 | $235K | 0.1% | 2026-Q2 |
| Hexagon Capital Partners LLC | 12,299 | $250K | 0.1% | 2026-Q2 |
| Quartz Partners, LLC | 11,509 | $234K | 0.1% | 2026-Q2 |
| Global View Capital Management LLC new | 10,690 | $217K | 0.1% | 2026-Q2 |
| MONEY CONCEPTS CAPITAL CORP trimmed | 10,677 | $217K | 0.1% | 2026-Q2 |
| REICON WEALTH ADVISORS, LLC added | 10,623 | $216K | 0.1% | 2026-Q2 |
| PNC Financial Services Group, Inc. | 10,205 | $207K | 0.1% | 2026-Q2 |
| LANARK FINANCIAL, INC. trimmed | 9,847 | $200K | 0.1% | 2026-Q2 |
| Aptus Capital Advisors, LLC added | 7,603 | $154K | 0.0% | 2026-Q2 |
| CoreCap Advisors, LLC added | 7,016 | $142K | 0.0% | 2026-Q2 |
| NFSG Corp | 6,962 | $141K | 0.0% | 2026-Q2 |
| IFG Advisory, LLC trimmed | 5,140 | $104K | 0.0% | 2026-Q2 |
| Capital Investment Advisory Services, LLC added | 5,053 | $103K | 0.0% | 2026-Q2 |
| VSM Wealth Advisory, LLC | 4,768 | $97K | 0.0% | 2026-Q2 |
| Glen Eagle Advisors, LLC | 3,405 | $69K | 0.0% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added | 3,258 | $66K | 0.0% | 2026-Q2 |
| Wagner Wealth Management, LLC added | 3,189 | $65K | 0.0% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 2,894 | $59K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ | 2,700 | $55K | 0.0% | 2026-Q2 |
| FMR LLC trimmed | 2,544 | $52K | 0.0% | 2026-Q2 |
| Arax Advisory Partners new | 2,440 | $50K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 2,413 | $49K | 0.0% | 2026-Q2 |
| KELLEHER FINANCIAL ADVISORS added | 1,624 | $33K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 1,555 | $32K | 0.0% | 2026-Q2 |
| Vermillion Wealth Management, Inc. | 1,333 | $27K | 0.0% | 2026-Q2 |
| ELEVATION WEALTH PARTNERS, LLC | 1,311 | $27K | 0.0% | 2026-Q2 |
| THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. trimmed | 1,237 | $25K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc | 1,040 | $21K | 0.0% | 2026-Q2 |
| Highland Investment Advisors LLC new | 1,000 | $20K | 0.0% | 2026-Q2 |
| COMPASS FINANCIAL MANAGEMENT LLC new | 897 | $18K | 0.0% | 2026-Q2 |
| AE Wealth Management LLC | 859 | $17K | 0.0% | 2026-Q2 |
| Salomon & Ludwin, LLC | 773 | $16K | 0.0% | 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.