Who owns PREF (PREF)
Which tracked institutional funds hold PREF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PREF 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
28 tracked funds added or opened PREF while 22 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
PREF’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes PREF more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in PREF 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 128 tracked filers holding PREF, 70 increased or opened the position and 57 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 PREF 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 6
- Spartan Wealth Advisory Services LLC$5M
- Henderson Brothers Financial Partners, LLC$1M
- LexAurum Advisors, LLC$944K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$875K
- Independent Advisor Alliance$848K
- CAPITAL & PLANNING, LLC$746K
Full exits 6
- Tyche Wealth Partners LLC$7M
- J.W. COLE ADVISORS, INC.$2M
- COMERICA BANK$2M
- Lifeworks Advisors, LLC$1M
- Prospera Financial Services Inc$630K
- Waverly Advisors, LLC$570K
Largest adds
- L2 Asset Management, LLC$10M
- UBS Group AG$9M
- MORGAN STANLEY$8M
- AMERIPRISE FINANCIAL INC$7M
- BANK OF AMERICA CORP /DE/$6M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$6M
Largest trims
- Permanens Capital L.P.$17M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$11M
- WELLS FARGO & COMPANY/MN$5M
- ROYAL BANK OF CANADA$5M
- Berger Financial Group, Inc$1M
- RAYMOND JAMES FINANCIAL INC$1M
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 |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ added | 11,736,590 | $221M | 19.4% | 2026-Q1 |
| UBS Group AG added | 7,738,404 | $146M | 12.8% | 2026-Q1 |
| MORGAN STANLEY added | 7,393,760 | $139M | 12.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 3,750,863 | $71M | 6.2% | 2026-Q1 |
| LPL Financial LLC added | 3,105,457 | $58M | 5.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 3,103,712 | $58M | 5.1% | 2026-Q1 |
| IFC Advisors LLC added | 2,730,332 | $51M | 4.5% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 2,197,396 | $41M | 3.6% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,859,739 | $35M | 3.1% | 2026-Q1 |
| PRINCIPAL SECURITIES, INC. added | 1,212,564 | $23M | 2.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,078,814 | $20M | 1.8% | 2026-Q1 |
| L2 Asset Management, LLC added | 849,548 | $16M | 1.4% | 2026-Q1 |
| Permanens Capital L.P. trimmed | 847,144 | $16M | 1.4% | 2026-Q1 |
| Bensler, LLC added | 831,810 | $16M | 1.4% | 2026-Q1 |
| BENJAMIN EDWARDS INC trimmed | 662,675 | $12M | 1.1% | 2026-Q1 |
| CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC added | 648,514 | $12M | 1.1% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 602,488 | $11M | 1.0% | 2026-Q1 |
| Mariner, LLC trimmed | 531,063 | $10M | 0.9% | 2026-Q1 |
| Berger Financial Group, Inc trimmed | 403,943 | $8M | 0.7% | 2026-Q1 |
| ROGCO, LP added | 398,110 | $7M | 0.7% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 320,519 | $6M | 0.5% | 2026-Q1 |
| NewEdge Advisors, LLC trimmed | 54,035 | $6M | 0.5% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 313,421 | $6M | 0.5% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 308,606 | $6M | 0.5% | 2026-Q1 |
| PSI Advisors, LLC trimmed | 283,605 | $5M | 0.5% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 275,643 | $5M | 0.5% | 2026-Q1 |
| Focus Partners Wealth | 260,375 | $5M | 0.4% | 2026-Q1 |
| Spartan Wealth Advisory Services LLC new | 255,406 | $5M | 0.4% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 241,299 | $5M | 0.4% | 2026-Q1 |
| Grey Ledge Advisors, LLC trimmed | 202,206 | $4M | 0.3% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 195,349 | $4M | 0.3% | 2026-Q1 |
| Ocean Park Asset Management, LLC | 192,000 | $4M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 190,253 | $4M | 0.3% | 2026-Q1 |
| &PARTNERS added | 175,575 | $3M | 0.3% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 171,145 | $3M | 0.3% | 2026-Q1 |
| Miller Global Investments, LLC trimmed | 152,314 | $3M | 0.3% | 2026-Q1 |
| Fiduciary Alliance LLC added | 148,289 | $3M | 0.2% | 2026-Q1 |
| Meadow Creek Wealth Advisors LLC added | 149,078 | $3M | 0.2% | 2026-Q1 |
| Creative Planning added | 144,954 | $3M | 0.2% | 2026-Q1 |
| MainStreet Investment Advisors LLC added | 140,310 | $3M | 0.2% | 2026-Q1 |
| MassMutual Private Wealth & Trust, FSB added | 140,310 | $3M | 0.2% | 2026-Q1 |
| FOCUSED ALPHA, LLC | 138,592 | $3M | 0.2% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 137,547 | $3M | 0.2% | 2026-Q1 |
| INSIGNEO ADVISORY SERVICES, LLC added | 134,117 | $3M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 129,547 | $2M | 0.2% | 2026-Q1 |
| Legacy Bridge, LLC trimmed | 123,545 | $2M | 0.2% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 105,596 | $2M | 0.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 100,185 | $2M | 0.2% | 2026-Q1 |
| INVESTMENT PARTNERS, LTD. | 99,541 | $2M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 91,215 | $2M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 85,937 | $2M | 0.1% | 2026-Q1 |
| DEARBORN PARTNERS LLC trimmed | 84,715 | $2M | 0.1% | 2026-Q1 |
| IBEX WEALTH ADVISORS trimmed | 82,237 | $2M | 0.1% | 2026-Q1 |
| Gilliland Jeter Wealth Management LLC added | 80,872 | $2M | 0.1% | 2026-Q1 |
| Willis Johnson & Associates, Inc. trimmed | 76,951 | $1M | 0.1% | 2026-Q1 |
| Capital Investment Advisory Services, LLC added | 76,690 | $1M | 0.1% | 2026-Q1 |
| Henderson Brothers Financial Partners, LLC added | 75,468 | $1M | 0.1% | 2026-Q1 |
| AXS Investments LLC trimmed | 73,183 | $1M | 0.1% | 2026-Q1 |
| FourThought Financial Partners, LLC added | 69,534 | $1M | 0.1% | 2026-Q1 |
| Cerity Partners LLC trimmed | 63,835 | $1M | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 62,744 | $1M | 0.1% | 2026-Q1 |
| First Citizens Financial Corp trimmed | 58,857 | $1M | 0.1% | 2026-Q1 |
| Mengis Capital Management, Inc. added | 57,615 | $1M | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 54,725 | $1M | 0.1% | 2026-Q1 |
| FLAGSTAR ADVISORS INC added | 53,210 | $1M | 0.1% | 2026-Q1 |
| LexAurum Advisors, LLC added | 50,152 | $944K | 0.1% | 2026-Q1 |
| Essex Financial Services, Inc. | 47,378 | $892K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 46,494 | $875K | 0.1% | 2026-Q1 |
| Independent Advisor Alliance added | 45,043 | $848K | 0.1% | 2026-Q1 |
| Mechanics Financial Corp added | 42,419 | $798K | 0.1% | 2026-Q1 |
| Pinnacle Financial Partners, Inc. added | 41,063 | $773K | 0.1% | 2026-Q1 |
| CAPITAL & PLANNING, LLC added | 39,640 | $746K | 0.1% | 2026-Q1 |
| BTG Pactual Asset Management US LLC added | 38,820 | $731K | 0.1% | 2026-Q1 |
| U.S. Capital Wealth Advisors, LLC trimmed | 38,334 | $721K | 0.1% | 2026-Q1 |
| SCHNIEDERS CAPITAL MANAGEMENT, LLC. | 36,650 | $690K | 0.1% | 2026-Q1 |
| Smartleaf Asset Management LLC trimmed | 35,653 | $668K | 0.1% | 2026-Q1 |
| Coastal Bridge Advisors, LLC added | 34,180 | $643K | 0.1% | 2026-Q1 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC trimmed | 32,447 | $611K | 0.1% | 2026-Q1 |
| UMB Bank, n.a. added | 30,671 | $577K | 0.1% | 2026-Q1 |
| Argent Trust Co trimmed | 29,003 | $546K | 0.0% | 2026-Q1 |
| Heritage Wealth Management, Inc. trimmed | 28,768 | $541K | 0.0% | 2026-Q1 |
| Activest Wealth Management trimmed | 26,913 | $507K | 0.0% | 2026-Q1 |
| Diversified Trust Co | 25,333 | $477K | 0.0% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 25,306 | $476K | 0.0% | 2026-Q1 |
| Resurgent Financial Advisors LLC added | 24,441 | $460K | 0.0% | 2026-Q1 |
| STEPHENS INC /AR/ added | 21,629 | $407K | 0.0% | 2026-Q1 |
| Tyche Wealth Partners LLC trimmed | 384,025 | $7M | 0.6% | 2025-Q4 stale |
| KWB Wealth new | 209,390 | $4M | 0.3% | 2025-Q2 stale |
| J.W. COLE ADVISORS, INC. trimmed | 117,090 | $2M | 0.2% | 2025-Q4 stale |
| COMERICA BANK added | 108,546 | $2M | 0.2% | 2025-Q4 stale |
| Lifeworks Advisors, LLC trimmed | 70,777 | $1M | 0.1% | 2025-Q4 stale |
| PEAPACK GLADSTONE FINANCIAL CORP new | 62,746 | $1M | 0.1% | 2025-Q1 stale |
| Wealthcare Advisory Partners LLC trimmed | 44,476 | $851K | 0.1% | 2025-Q3 stale |
| Advisor Resource Council added | 38,700 | $724K | 0.1% | 2025-Q1 stale |
| SCHNIEDERS CAPITAL MANAGEMENT LLC | 36,650 | $695K | 0.1% | 2025-Q2 stale |
| Grant/GrossMendelsohn, LLC new | 34,241 | $633K | 0.1% | 2025-Q1 stale |
| Prospera Financial Services Inc new | 33,060 | $630K | 0.1% | 2025-Q4 stale |
| Waverly Advisors, LLC trimmed | 29,867 | $570K | 0.1% | 2025-Q4 stale |
| Pinnacle Financial Partners Inc trimmed | 27,460 | $526K | 0.0% | 2025-Q3 stale |
| Cordatus Wealth Management LLC new | 23,260 | $444K | 0.0% | 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.