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-Q1 13F filings. 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 PFM while 14 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
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 2025-Q4 and 2026-Q1, across 135 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 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$3M
- GOLDMAN SACHS GROUP INC$915K
- Hilton Capital Management, LLC$512K
Full exits 3
- CPC Advisors, LLC$8M
- Capital Advisory Group Advisory Services, LLC$3M
- AMERIPRISE FINANCIAL INC$906K
Largest adds
- RAYMOND JAMES FINANCIAL INC$2M
- SteelPeak Wealth, LLC$2M
- JONES FINANCIAL COMPANIES LLLP$1M
- LPL Financial LLC$944K
- JPMORGAN CHASE & CO$638K
- Equitable Holdings, Inc.$619K
Largest trims
- BlackRock, Inc.$10M
- Clearstead Advisors, LLC$10M
- MORGAN STANLEY$4M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$1M
- TD Waterhouse Canada Inc.$863K
- BANK OF AMERICA CORP /DE/$608K
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 1,843,400 | $94M | 23.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 919,679 | $47M | 11.6% | 2026-Q1 |
| MORGAN STANLEY trimmed | 674,607 | $34M | 8.5% | 2026-Q1 |
| Flaharty Asset Management, LLC trimmed | 500,017 | $26M | 6.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 268,123 | $14M | 3.4% | 2026-Q1 |
| Clearstead Advisors, LLC trimmed | 228,840 | $12M | 2.9% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 217,122 | $11M | 2.7% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 208,529 | $10M | 2.6% | 2026-Q1 |
| Wealthspire Retirement, LLC trimmed | 113,619 | $6M | 1.4% | 2026-Q1 |
| Focus Financial Network, Inc. trimmed | 113,274 | $6M | 1.4% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 100,252 | $5M | 1.3% | 2026-Q1 |
| CITIZENS FINANCIAL GROUP INC/RI added | 95,870 | $5M | 1.2% | 2026-Q1 |
| CHOREO, LLC trimmed | 93,718 | $5M | 1.2% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 91,348 | $5M | 1.2% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 86,707 | $4M | 1.1% | 2026-Q1 |
| TD Waterhouse Canada Inc. trimmed | 83,354 | $4M | 1.1% | 2026-Q1 |
| Equitable Holdings, Inc. added | 80,732 | $4M | 1.0% | 2026-Q1 |
| UBS Group AG added | 81,044 | $4M | 1.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 78,312 | $4M | 1.0% | 2026-Q1 |
| CreativeOne Wealth, LLC added | 77,778 | $4M | 1.0% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 73,958 | $4M | 0.9% | 2026-Q1 |
| Everstar Asset Management, LLC added | 70,354 | $4M | 0.9% | 2026-Q1 |
| Mariner, LLC added | 70,003 | $4M | 0.9% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 67,700 | $3M | 0.9% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 58,397 | $3M | 0.7% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 56,415 | $3M | 0.7% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 55,103 | $3M | 0.7% | 2026-Q1 |
| SteelPeak Wealth, LLC added | 53,914 | $3M | 0.7% | 2026-Q1 |
| NESTEGG ADVISORS, INC. added | 49,575 | $3M | 0.6% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC added | 48,953 | $3M | 0.6% | 2026-Q1 |
| Waverly Advisors, LLC added | 46,732 | $2M | 0.6% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 47,045 | $2M | 0.6% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 45,598 | $2M | 0.6% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 45,299 | $2M | 0.6% | 2026-Q1 |
| Atlas Private Wealth Advisors trimmed | 42,887 | $2M | 0.5% | 2026-Q1 |
| Institute for Wealth Management, LLC. trimmed | 38,927 | $2M | 0.5% | 2026-Q1 |
| MAI Capital Management trimmed | 37,357 | $2M | 0.5% | 2026-Q1 |
| J.W. COLE ADVISORS, INC. trimmed | 32,279 | $2M | 0.4% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 25,207 | $1M | 0.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 23,972 | $1M | 0.3% | 2026-Q1 |
| Strategies Wealth Advisors, LLC added | 23,494 | $1M | 0.3% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 22,702 | $1M | 0.3% | 2026-Q1 |
| Composition Wealth, LLC trimmed | 22,456 | $1M | 0.3% | 2026-Q1 |
| FMR LLC added | 21,794 | $1M | 0.3% | 2026-Q1 |
| CFS Investment Advisory Services, LLC trimmed | 18,594 | $1M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 19,375 | $990K | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 17,905 | $915K | 0.2% | 2026-Q1 |
| Lido Advisors, LLC added | 17,241 | $881K | 0.2% | 2026-Q1 |
| Truvestments Capital LLC added | 17,050 | $871K | 0.2% | 2026-Q1 |
| Merit Financial Group, LLC trimmed | 16,200 | $828K | 0.2% | 2026-Q1 |
| UMB Bank, n.a. | 16,000 | $817K | 0.2% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC trimmed | 15,266 | $780K | 0.2% | 2026-Q1 |
| CAPE ANN SAVINGS BANK | 15,205 | $777K | 0.2% | 2026-Q1 |
| EP Wealth Advisors, LLC trimmed | 14,832 | $758K | 0.2% | 2026-Q1 |
| Koshinski Asset Management, Inc. | 14,170 | $724K | 0.2% | 2026-Q1 |
| Bond & Devick Financial Network, Inc. | 13,561 | $693K | 0.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ | 12,915 | $660K | 0.2% | 2026-Q1 |
| Advisory Services Network, LLC trimmed | 12,321 | $629K | 0.2% | 2026-Q1 |
| GreatBanc Trust CO | 12,150 | $621K | 0.2% | 2026-Q1 |
| BROWN ADVISORY INC trimmed | 12,149 | $621K | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 12,012 | $614K | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 11,734 | $599K | 0.1% | 2026-Q1 |
| Creative Planning added | 10,755 | $550K | 0.1% | 2026-Q1 |
| Florida Trust Wealth Management Co | 10,550 | $539K | 0.1% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 10,305 | $527K | 0.1% | 2026-Q1 |
| Hilton Capital Management, LLC trimmed | 10,014 | $512K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 9,782 | $500K | 0.1% | 2026-Q1 |
| Stratos Wealth Partners, LTD. trimmed | 9,652 | $493K | 0.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 9,578 | $489K | 0.1% | 2026-Q1 |
| WBH ADVISORY INC trimmed | 9,146 | $468K | 0.1% | 2026-Q1 |
| Aptus Capital Advisors, LLC | 9,040 | $462K | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 8,705 | $445K | 0.1% | 2026-Q1 |
| IBEX WEALTH ADVISORS added | 8,478 | $433K | 0.1% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 8,372 | $428K | 0.1% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 7,608 | $389K | 0.1% | 2026-Q1 |
| SUMMIT WEALTH GROUP LLC / CO new | 7,094 | $362K | 0.1% | 2026-Q1 |
| PMG Wealth Management, Inc. | 6,485 | $331K | 0.1% | 2026-Q1 |
| FIRST MANHATTAN CO. LLC. | 6,400 | $327K | 0.1% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 6,389 | $326K | 0.1% | 2026-Q1 |
| Caldwell Trust Co | 6,148 | $314K | 0.1% | 2026-Q1 |
| Sovran Advisors, LLC added | 5,711 | $309K | 0.1% | 2026-Q1 |
| CARRET ASSET MANAGEMENT, LLC | 6,000 | $307K | 0.1% | 2026-Q1 |
| Rodgers & Associates, LTD | 5,894 | $301K | 0.1% | 2026-Q1 |
| PRIVATE TRUST CO NA trimmed | 5,866 | $300K | 0.1% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 5,803 | $296K | 0.1% | 2026-Q1 |
| Gotham Asset Management, LLC new | 5,649 | $289K | 0.1% | 2026-Q1 |
| CPC Advisors, LLC added | 152,434 | $8M | 1.9% | 2025-Q4 stale |
| Arrow Investment Advisors, LLC trimmed | 76,005 | $3M | 0.9% | 2025-Q1 stale |
| Capital Advisory Group Advisory Services, LLC trimmed | 53,169 | $3M | 0.7% | 2025-Q4 stale |
| Dorsey Wright & Associates trimmed | 48,361 | $2M | 0.5% | 2025-Q1 stale |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 32,700 | $2M | 0.4% | 2025-Q2 stale |
| Fort Point Capital Partners LLC added | 22,946 | $1M | 0.3% | 2025-Q2 stale |
| AMERIPRISE FINANCIAL INC trimmed | 17,592 | $906K | 0.2% | 2025-Q4 stale |
| VestGen Investment Management trimmed | 10,364 | $474K | 0.1% | 2025-Q1 stale |
| CW Advisors, LLC added | 8,601 | $414K | 0.1% | 2025-Q2 stale |
| Brown Miller Wealth Management, LLC new | 8,165 | $374K | 0.1% | 2025-Q1 stale |
| AXXCESS WEALTH MANAGEMENT, LLC added | 8,165 | $374K | 0.1% | 2025-Q1 stale |
| Good Life Advisors, LLC added | 7,234 | $348K | 0.1% | 2025-Q2 stale |
| TOWNSQUARE CAPITAL LLC added | 7,606 | $348K | 0.1% | 2025-Q1 stale |
| FOUNDERS FINANCIAL SECURITIES LLC trimmed | 6,198 | $319K | 0.1% | 2025-Q4 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.
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.