Who owns PFM
Which tracked institutional funds hold PFM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PFM company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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
The tracked-fund tape on PFM is one-sided between 2026-Q1 and 2026-Q2: 25 added or opened and 8 trimmed or exited — on balance accumulating.
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
PFM’s largest tracked holder by dollar value, LPL Financial LLC, 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 PFM 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 140 tracked filers holding PFM, 57 increased or opened the position and 51 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 PFM 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
- Modern Wealth Management, LLC$26M
- CPC Advisors, LLC$3M
Full exits 5
- Mariner, LLC$4M
- HighTower Advisors, LLC$3M
- Cambridge Investment Research Advisors, Inc.$3M
- SteelPeak Wealth, LLC$3M
- Hilton Capital Management, LLC$512K
Largest adds
- ROYAL BANK OF CANADA$7M
- LPL Financial LLC$6M
- RAYMOND JAMES FINANCIAL INC$3M
- JONES FINANCIAL COMPANIES LLLP$2M
- WELLS FARGO & COMPANY/MN$1M
- BANK OF AMERICA CORP /DE/$1M
Largest trims
- Flaharty Asset Management, LLC$23M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$3M
- GOLDMAN SACHS GROUP INC$267K
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 |
|---|---|---|---|---|
| LPL Financial LLC trimmed | 1,810,945 | $100M | 24.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 910,245 | $50M | 12.3% | 2026-Q2 |
| MORGAN STANLEY trimmed | 625,664 | $35M | 8.5% | 2026-Q2 |
| Modern Wealth Management, LLC new | 466,295 | $26M | 6.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 271,219 | $15M | 3.7% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 231,529 | $13M | 3.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 225,099 | $12M | 3.0% | 2026-Q2 |
| Clearstead Advisors, LLC trimmed | 216,816 | $12M | 2.9% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 193,562 | $11M | 2.6% | 2026-Q2 |
| Wealthspire Retirement, LLC added | 113,785 | $6M | 1.5% | 2026-Q2 |
| Focus Financial Network, Inc. added | 113,600 | $6M | 1.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 99,575 | $6M | 1.3% | 2026-Q2 |
| CITIZENS FINANCIAL GROUP INC/RI trimmed | 95,589 | $5M | 1.3% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 85,974 | $5M | 1.2% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 85,292 | $5M | 1.2% | 2026-Q2 |
| CHOREO, LLC trimmed | 81,858 | $5M | 1.1% | 2026-Q2 |
| CreativeOne Wealth, LLC trimmed | 77,461 | $4M | 1.0% | 2026-Q2 |
| TD Waterhouse Canada Inc. trimmed | 77,041 | $4M | 1.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 75,672 | $4M | 1.0% | 2026-Q2 |
| UBS Group AG trimmed | 75,525 | $4M | 1.0% | 2026-Q2 |
| Everstar Asset Management, LLC added | 75,326 | $4M | 1.0% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 75,264 | $4M | 1.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 63,337 | $4M | 0.9% | 2026-Q2 |
| KINGSWOOD WEALTH ADVISORS, LLC added | 50,861 | $3M | 0.7% | 2026-Q2 |
| Private Advisor Group, LLC added | 50,542 | $3M | 0.7% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 50,537 | $3M | 0.7% | 2026-Q2 |
| CPC Advisors, LLC trimmed | 49,813 | $3M | 0.7% | 2026-Q2 |
| NESTEGG ADVISORS, INC. trimmed | 49,277 | $3M | 0.7% | 2026-Q2 |
| Flaharty Asset Management, LLC trimmed | 47,080 | $3M | 0.6% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 46,970 | $3M | 0.6% | 2026-Q2 |
| Waverly Advisors, LLC trimmed | 45,523 | $3M | 0.6% | 2026-Q2 |
| Atlas Private Wealth Advisors trimmed | 41,162 | $2M | 0.6% | 2026-Q2 |
| Institute for Wealth Management, LLC. added | 38,929 | $2M | 0.5% | 2026-Q2 |
| MAI Capital Management added | 38,392 | $2M | 0.5% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 33,045 | $2M | 0.4% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. added | 32,289 | $2M | 0.4% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 23,619 | $1M | 0.3% | 2026-Q2 |
| Strategies Wealth Advisors, LLC added | 23,508 | $1M | 0.3% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 23,178 | $1M | 0.3% | 2026-Q2 |
| FMR LLC added | 22,982 | $1M | 0.3% | 2026-Q2 |
| Composition Wealth, LLC trimmed | 18,690 | $1M | 0.3% | 2026-Q2 |
| CFS Investment Advisory Services, LLC trimmed | 18,349 | $1M | 0.3% | 2026-Q2 |
| Lido Advisors, LLC added | 17,242 | $956K | 0.2% | 2026-Q2 |
| Truvestments Capital LLC trimmed | 16,446 | $912K | 0.2% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 16,169 | $897K | 0.2% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 16,167 | $897K | 0.2% | 2026-Q2 |
| UMB Bank, n.a. | 16,000 | $887K | 0.2% | 2026-Q2 |
| CAPE ANN SAVINGS BANK added | 15,266 | $847K | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 15,230 | $845K | 0.2% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 15,155 | $840K | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 14,988 | $831K | 0.2% | 2026-Q2 |
| EP Wealth Advisors, LLC | 14,832 | $822K | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 14,709 | $816K | 0.2% | 2026-Q2 |
| Koshinski Asset Management, Inc. | 14,170 | $786K | 0.2% | 2026-Q2 |
| Bond & Devick Financial Network, Inc. | 13,561 | $752K | 0.2% | 2026-Q2 |
| EASTERN BANK added | 12,569 | $697K | 0.2% | 2026-Q2 |
| GreatBanc Trust CO | 12,150 | $674K | 0.2% | 2026-Q2 |
| BROWN ADVISORY INC | 12,149 | $674K | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 12,042 | $668K | 0.2% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 12,014 | $666K | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 11,684 | $648K | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 11,292 | $626K | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 11,220 | $622K | 0.2% | 2026-Q2 |
| Florida Trust Wealth Management Co | 10,550 | $585K | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS | 10,305 | $571K | 0.1% | 2026-Q2 |
| Creative Planning trimmed | 10,295 | $571K | 0.1% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 9,850 | $549K | 0.1% | 2026-Q2 |
| Stratos Wealth Partners, LTD. trimmed | 9,646 | $535K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 9,243 | $513K | 0.1% | 2026-Q2 |
| Aptus Capital Advisors, LLC | 9,040 | $501K | 0.1% | 2026-Q2 |
| WBH ADVISORY INC trimmed | 9,007 | $500K | 0.1% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 7,372 | $409K | 0.1% | 2026-Q2 |
| SUMMIT WEALTH GROUP LLC / CO added | 7,119 | $395K | 0.1% | 2026-Q2 |
| CARRET ASSET MANAGEMENT, LLC added | 6,500 | $360K | 0.1% | 2026-Q2 |
| PMG Wealth Management, Inc. | 6,485 | $360K | 0.1% | 2026-Q2 |
| GTS SECURITIES LLC new | 6,445 | $357K | 0.1% | 2026-Q2 |
| IBEX WEALTH ADVISORS trimmed | 6,428 | $356K | 0.1% | 2026-Q2 |
| FIRST MANHATTAN CO. LLC. | 6,400 | $355K | 0.1% | 2026-Q2 |
| Caldwell Trust Co | 6,148 | $341K | 0.1% | 2026-Q2 |
| Sovran Advisors, LLC added | 6,003 | $342K | 0.1% | 2026-Q2 |
| Accurate Wealth Management, LLC new | 5,913 | $331K | 0.1% | 2026-Q2 |
| Rodgers & Associates, LTD | 5,894 | $327K | 0.1% | 2026-Q2 |
| PRIVATE TRUST CO NA | 5,866 | $325K | 0.1% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 5,811 | $322K | 0.1% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 5,811 | $322K | 0.1% | 2026-Q2 |
| Gotham Asset Management, LLC | 5,649 | $313K | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC | 5,553 | $308K | 0.1% | 2026-Q2 |
| Financial Guidance Group, Inc. | 5,120 | $284K | 0.1% | 2026-Q2 |
| Connecticut Wealth Management, LLC | 5,000 | $277K | 0.1% | 2026-Q2 |
| New Insight Wealth Advisors new | 4,942 | $274K | 0.1% | 2026-Q2 |
| IHT Wealth Management, LLC trimmed | 4,681 | $260K | 0.1% | 2026-Q2 |
| Revisor Wealth Management LLC | 4,664 | $259K | 0.1% | 2026-Q2 |
| Briaud Financial Planning Inc | 4,574 | $254K | 0.1% | 2026-Q2 |
| Modera Wealth Management, LLC | 4,355 | $242K | 0.1% | 2026-Q2 |
| Goodwin Investment Advisory new | 4,255 | $236K | 0.1% | 2026-Q2 |
| HB Wealth Management, LLC new | 4,235 | $235K | 0.1% | 2026-Q2 |
| Haverford Trust Co | 4,170 | $231K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 4,154 | $233K | 0.1% | 2026-Q2 |
| BlackRock, Inc. | 3,978 | $221K | 0.1% | 2026-Q2 |
| Belpointe Asset Management LLC new | 3,941 | $219K | 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.