Who owns PPA
Which tracked institutional funds hold PPA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PPA 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
135 tracked funds added or opened PPA while 57 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
PPA’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.1pp gap the other way — the median holder sizes PPA more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in PPA 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 550 tracked filers holding PPA, 269 increased or opened the position and 228 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 PPA 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 14
- AXXCESS WEALTH MANAGEMENT, LLC$59M
- NewEdge Advisors, LLC$11M
- Coppell Advisory Solutions LLC$4M
- Ferguson Shapiro LLC$3M
- Global Retirement Partners, LLC$3M
- Allied Private Wealth LLC$2M
Full exits 27
- HighTower Advisors, LLC$81M
- Cambridge Investment Research Advisors, Inc.$31M
- MAINSTAY CAPITAL MANAGEMENT LLC /ADV$26M
- Janney Montgomery Scott LLC$19M
- Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management)$12M
- WEDBUSH SECURITIES INC$7M
Largest adds
- BANK OF AMERICA CORP /DE/$143M
- MORGAN STANLEY$36M
- AMERIPRISE FINANCIAL INC$23M
- LPL Financial LLC$20M
- RAYMOND JAMES FINANCIAL INC$18M
- BNP PARIBAS FINANCIAL MARKETS$14M
Largest trims
- Composition Wealth, LLC$43M
- ACORN FINANCIAL ADVISORY SERVICES INC /ADV$13M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$11M
- Quaker Wealth Management, LLC$8M
- Private Advisor Group, LLC$6M
- INVESTMENT MANAGEMENT CORP /VA/ /ADV$6M
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 |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ added | 7,767,639 | $1.4B | 34.3% | 2026-Q2 |
| MORGAN STANLEY added | 2,235,301 | $395M | 9.9% | 2026-Q2 |
| LPL Financial LLC trimmed | 1,960,617 | $346M | 8.7% | 2026-Q2 |
| UBS Group AG trimmed | 798,868 | $141M | 3.5% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 749,896 | $132M | 3.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 657,165 | $116M | 2.9% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 594,361 | $105M | 2.6% | 2026-Q2 |
| Cetera Investment Advisers added | 368,675 | $65M | 1.6% | 2026-Q2 |
| Capital Asset Advisory Services LLC added | 340,582 | $60M | 1.5% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC trimmed | 336,790 | $59M | 1.5% | 2026-Q2 |
| Summit Trail Advisors, LLC trimmed | 329,916 | $58M | 1.5% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 284,558 | $50M | 1.3% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 265,171 | $45M | 1.1% | 2026-Q2 |
| MEITAV INVESTMENT HOUSE LTD trimmed | 256,977 | $45M | 1.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 241,110 | $43M | 1.1% | 2026-Q2 |
| MAI Capital Management trimmed | 213,597 | $38M | 0.9% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 210,373 | $37M | 0.9% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 205,124 | $36M | 0.9% | 2026-Q2 |
| Modern Wealth Management, LLC added | 196,588 | $35M | 0.9% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 193,028 | $34M | 0.9% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 167,452 | $30M | 0.7% | 2026-Q2 |
| Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD | 166,184 | $29M | 0.7% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 164,204 | $29M | 0.7% | 2026-Q2 |
| Equitable Holdings, Inc. added | 141,541 | $25M | 0.6% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 136,776 | $24M | 0.6% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 130,700 | $23M | 0.6% | 2026-Q2 |
| Composition Wealth, LLC trimmed | 129,192 | $23M | 0.6% | 2026-Q2 |
| Focus Partners Wealth added | 122,237 | $22M | 0.5% | 2026-Q2 |
| IHT Wealth Management, LLC added | 117,811 | $21M | 0.5% | 2026-Q2 |
| Presidio Capital Management, LLC added | 117,602 | $21M | 0.5% | 2026-Q2 |
| Corient Private Wealth LP added | 106,868 | $19M | 0.5% | 2026-Q2 |
| SEARCY FINANCIAL SERVICES INC /ADV trimmed | 104,831 | $19M | 0.5% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. added | 99,504 | $18M | 0.4% | 2026-Q2 |
| ASSETMARK, INC added | 90,938 | $16M | 0.4% | 2026-Q2 |
| EFG International AG | 85,918 | $15M | 0.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 83,264 | $15M | 0.4% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 80,005 | $14M | 0.4% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 75,106 | $13M | 0.3% | 2026-Q2 |
| Perigon Wealth Management, LLC trimmed | 75,032 | $13M | 0.3% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 74,041 | $13M | 0.3% | 2026-Q2 |
| VALLEY WEALTH MANAGERS, INC. added | 73,622 | $13M | 0.3% | 2026-Q2 |
| ADAPT WEALTH ADVISORS, LLC trimmed | 70,753 | $12M | 0.3% | 2026-Q2 |
| Hollow Brook Wealth Management LLC added | 63,635 | $11M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 61,770 | $11M | 0.3% | 2026-Q2 |
| Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD | 61,165 | $11M | 0.3% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 60,669 | $11M | 0.3% | 2026-Q2 |
| Pachira Investments Inc. added | 59,748 | $11M | 0.3% | 2026-Q2 |
| NewEdge Advisors, LLC added | 59,745 | $11M | 0.3% | 2026-Q2 |
| Prosperity Consulting Group, LLC trimmed | 59,538 | $11M | 0.3% | 2026-Q2 |
| Madrid Financial Services added | 55,691 | $10M | 0.2% | 2026-Q2 |
| Detalus Advisors, LLC added | 51,507 | $9M | 0.2% | 2026-Q2 |
| KPP Advisory Services LLC added | 50,965 | $9M | 0.2% | 2026-Q2 |
| INVESTMENT MANAGEMENT CORP /VA/ /ADV trimmed | 49,295 | $9M | 0.2% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 44,221 | $8M | 0.2% | 2026-Q2 |
| RM Financial Services, LLC added | 43,117 | $8M | 0.2% | 2026-Q2 |
| CMH Wealth Management LLC added | 43,045 | $8M | 0.2% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 41,823 | $7M | 0.2% | 2026-Q2 |
| Artesa Financial Group, LLC added | 41,759 | $7M | 0.2% | 2026-Q2 |
| Uniting Wealth Partners, LLC trimmed | 40,283 | $7M | 0.2% | 2026-Q2 |
| BECK CAPITAL MANAGEMENT, LLC trimmed | 39,627 | $7M | 0.2% | 2026-Q2 |
| Belpointe Asset Management LLC trimmed | 38,631 | $7M | 0.2% | 2026-Q2 |
| New England Private Wealth Advisors LLC trimmed | 38,592 | $7M | 0.2% | 2026-Q2 |
| Kovack Advisors, Inc. trimmed | 37,600 | $7M | 0.2% | 2026-Q2 |
| SageGuard Financial Group, LLC trimmed | 36,515 | $6M | 0.2% | 2026-Q2 |
| CASTLE WEALTH MANAGEMENT LLC added | 36,156 | $6M | 0.2% | 2026-Q2 |
| WT Wealth Management added | 35,963 | $6M | 0.2% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. trimmed | 34,401 | $6M | 0.2% | 2026-Q2 |
| Sowell Financial Services LLC added | 33,232 | $6M | 0.1% | 2026-Q2 |
| Financial Partners Group, Inc trimmed | 33,091 | $6M | 0.1% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC trimmed | 32,690 | $6M | 0.1% | 2026-Q2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV added | 32,372 | $6M | 0.1% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 31,921 | $6M | 0.1% | 2026-Q2 |
| Pacific Sun Financial Corp added | 30,787 | $5M | 0.1% | 2026-Q2 |
| Waterloo Capital, L.P. added | 30,564 | $5M | 0.1% | 2026-Q2 |
| Henson-Edgewater Management, LLC trimmed | 29,380 | $5M | 0.1% | 2026-Q2 |
| StoneX Group Inc. trimmed | 29,237 | $5M | 0.1% | 2026-Q2 |
| McNaughton Wealth Management, LLC added | 28,938 | $5M | 0.1% | 2026-Q2 |
| Brookstone Capital Management trimmed | 28,764 | $5M | 0.1% | 2026-Q2 |
| FISCHER INVESTMENT STRATEGIES, LLC trimmed | 28,402 | $5M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 28,180 | $5M | 0.1% | 2026-Q2 |
| JUNCTURE WEALTH STRATEGIES, LLC added | 27,881 | $5M | 0.1% | 2026-Q2 |
| LexAurum Advisors, LLC added | 26,636 | $5M | 0.1% | 2026-Q2 |
| Merit Financial Group, LLC added | 25,836 | $5M | 0.1% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 25,270 | $4M | 0.1% | 2026-Q2 |
| Harbour Wealth Management Group, Inc. added | 24,979 | $4M | 0.1% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 24,319 | $4M | 0.1% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 24,125 | $4M | 0.1% | 2026-Q2 |
| Diversified Enterprises, LLC trimmed | 23,870 | $4M | 0.1% | 2026-Q2 |
| Riggs Asset Managment Co. Inc. added | 23,827 | $4M | 0.1% | 2026-Q2 |
| Golden State Wealth Management, LLC trimmed | 23,723 | $4M | 0.1% | 2026-Q2 |
| &PARTNERS added | 23,646 | $4M | 0.1% | 2026-Q2 |
| Prospera Financial Services Inc added | 23,367 | $4M | 0.1% | 2026-Q2 |
| Green Ridge Wealth Planning LLC trimmed | 22,817 | $4M | 0.1% | 2026-Q2 |
| MONECO ADVISORS, LLC added | 22,182 | $4M | 0.1% | 2026-Q2 |
| SCHMIDT P J INVESTMENT MANAGEMENT INC added | 21,911 | $4M | 0.1% | 2026-Q2 |
| Turn8 Private Wealth Inc. trimmed | 21,194 | $4M | 0.1% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL added | 21,019 | $4M | 0.1% | 2026-Q2 |
| McCollum Christoferson Group LLC added | 20,957 | $4M | 0.1% | 2026-Q2 |
| Western Wealth Management, LLC added | 20,934 | $4M | 0.1% | 2026-Q2 |
| Coppell Advisory Solutions LLC trimmed | 1,264 | $4M | 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.