Who owns 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-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
34 tracked funds added or opened PREF while 14 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
PREF’s largest tracked holder by dollar value, PRINCIPAL FINANCIAL GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
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 2026-Q1 and 2026-Q2, across 131 tracked filers holding PREF, 77 increased or opened the position and 52 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 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 6
- DAYMARK WEALTH PARTNERS, LLC$7M
- J.W. COLE ADVISORS, INC.$2M
- Concurrent Investment Advisors, LLC$1M
- US BANCORP \DE\$762K
- Arax Advisory Partners$723K
- EP Wealth Advisors, LLC$676K
Full exits 7
- JANE STREET GROUP, LLC$6M
- Miller Global Investments, LLC$3M
- AXS Investments LLC$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$875K
- Independent Advisor Alliance$848K
- CAPITAL & PLANNING, LLC$746K
Largest adds
- PRINCIPAL FINANCIAL GROUP INC$250M
- WELLS FARGO & COMPANY/MN$16M
- Private Advisor Group, LLC$8M
- Capital Investment Advisory Services, LLC$6M
- Permanens Capital L.P.$5M
- ENVESTNET ASSET MANAGEMENT INC$5M
Largest trims
- Mariner, LLC$9M
- L2 Asset Management, LLC$8M
- AMERIPRISE FINANCIAL INC$5M
- MORGAN STANLEY$2M
- BENJAMIN EDWARDS INC$753K
- Henderson Brothers Financial Partners, LLC$663K
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 |
|---|---|---|---|---|
| PRINCIPAL FINANCIAL GROUP INC added | 13,417,050 | $256M | 18.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 11,822,114 | $225M | 15.9% | 2026-Q2 |
| UBS Group AG trimmed | 7,713,331 | $147M | 10.4% | 2026-Q2 |
| MORGAN STANLEY trimmed | 7,188,556 | $137M | 9.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 4,565,964 | $87M | 6.1% | 2026-Q2 |
| LPL Financial LLC added | 3,227,005 | $62M | 4.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 3,157,079 | $60M | 4.2% | 2026-Q2 |
| IFC Advisors LLC added | 2,773,798 | $53M | 3.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 1,922,757 | $37M | 2.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 1,900,115 | $36M | 2.6% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. added | 1,419,536 | $27M | 1.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,303,346 | $25M | 1.8% | 2026-Q2 |
| Permanens Capital L.P. added | 1,104,859 | $21M | 1.5% | 2026-Q2 |
| Bensler, LLC added | 927,050 | $18M | 1.2% | 2026-Q2 |
| CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC added | 842,806 | $16M | 1.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 633,860 | $12M | 0.8% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 614,837 | $12M | 0.8% | 2026-Q2 |
| Private Advisor Group, LLC added | 575,695 | $11M | 0.8% | 2026-Q2 |
| Berger Financial Group, Inc added | 441,919 | $8M | 0.6% | 2026-Q2 |
| L2 Asset Management, LLC trimmed | 437,360 | $8M | 0.6% | 2026-Q2 |
| ROGCO, LP added | 406,720 | $8M | 0.5% | 2026-Q2 |
| Capital Investment Advisory Services, LLC added | 397,911 | $8M | 0.5% | 2026-Q2 |
| DAYMARK WEALTH PARTNERS, LLC new | 381,019 | $7M | 0.5% | 2026-Q2 |
| NewEdge Advisors, LLC added | 364,543 | $7M | 0.5% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 341,695 | $7M | 0.5% | 2026-Q2 |
| FOCUSED ALPHA, LLC added | 296,734 | $6M | 0.4% | 2026-Q2 |
| PSI Advisors, LLC trimmed | 280,460 | $5M | 0.4% | 2026-Q2 |
| &PARTNERS added | 264,728 | $5M | 0.4% | 2026-Q2 |
| Spartan Wealth Advisory Services LLC added | 261,330 | $5M | 0.4% | 2026-Q2 |
| Focus Partners Wealth trimmed | 258,990 | $5M | 0.3% | 2026-Q2 |
| Baird Financial Group, Inc. added | 258,863 | $5M | 0.3% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 253,344 | $5M | 0.3% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 205,725 | $4M | 0.3% | 2026-Q2 |
| Grey Ledge Advisors, LLC added | 205,655 | $4M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 192,634 | $4M | 0.3% | 2026-Q2 |
| Ocean Park Asset Management, LLC | 192,000 | $4M | 0.3% | 2026-Q2 |
| Meadow Creek Wealth Advisors LLC added | 175,941 | $3M | 0.2% | 2026-Q2 |
| Fiduciary Alliance LLC added | 162,452 | $3M | 0.2% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 153,792 | $3M | 0.2% | 2026-Q2 |
| Creative Planning added | 150,776 | $3M | 0.2% | 2026-Q2 |
| MainStreet Investment Advisors LLC trimmed | 137,845 | $3M | 0.2% | 2026-Q2 |
| MassMutual Private Wealth & Trust, FSB trimmed | 134,825 | $3M | 0.2% | 2026-Q2 |
| INSIGNEO ADVISORY SERVICES, LLC trimmed | 132,073 | $3M | 0.2% | 2026-Q2 |
| Legacy Bridge, LLC trimmed | 122,830 | $2M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 119,001 | $2M | 0.2% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. trimmed | 114,567 | $2M | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 105,218 | $2M | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 104,673 | $2M | 0.1% | 2026-Q2 |
| INVESTMENT PARTNERS, LTD. trimmed | 99,063 | $2M | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 92,218 | $2M | 0.1% | 2026-Q2 |
| Bank of New York Mellon Corp added | 87,567 | $2M | 0.1% | 2026-Q2 |
| DEARBORN PARTNERS LLC | 84,715 | $2M | 0.1% | 2026-Q2 |
| IBEX WEALTH ADVISORS added | 82,375 | $2M | 0.1% | 2026-Q2 |
| Gilliland Jeter Wealth Management LLC added | 81,138 | $2M | 0.1% | 2026-Q2 |
| Willis Johnson & Associates, Inc. trimmed | 76,348 | $1M | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 71,151 | $1M | 0.1% | 2026-Q2 |
| FourThought Financial Partners, LLC added | 70,284 | $1M | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC new | 64,728 | $1M | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 64,553 | $1M | 0.1% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 63,154 | $1M | 0.1% | 2026-Q2 |
| Mengis Capital Management, Inc. added | 62,600 | $1M | 0.1% | 2026-Q2 |
| LexAurum Advisors, LLC added | 60,194 | $1M | 0.1% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 58,777 | $1M | 0.1% | 2026-Q2 |
| First Citizens Financial Corp trimmed | 58,292 | $1M | 0.1% | 2026-Q2 |
| Mariner, LLC trimmed | 54,236 | $1M | 0.1% | 2026-Q2 |
| Valor Advisors LLC | 49,143 | $937K | 0.1% | 2026-Q2 |
| FLAGSTAR SECURITIES, INC trimmed | 48,217 | $919K | 0.1% | 2026-Q2 |
| Essex Financial Services, Inc. | 47,378 | $903K | 0.1% | 2026-Q2 |
| BTG Pactual Asset Management US LLC added | 42,084 | $802K | 0.1% | 2026-Q2 |
| Mechanics Financial Corp trimmed | 41,824 | $797K | 0.1% | 2026-Q2 |
| US BANCORP \DE\ added | 40,000 | $762K | 0.1% | 2026-Q2 |
| Henderson Brothers Financial Partners, LLC trimmed | 39,713 | $757K | 0.1% | 2026-Q2 |
| Arax Advisory Partners new | 37,931 | $723K | 0.1% | 2026-Q2 |
| Smartleaf Asset Management LLC | 35,653 | $679K | 0.0% | 2026-Q2 |
| EP Wealth Advisors, LLC new | 35,471 | $676K | 0.0% | 2026-Q2 |
| Heritage Wealth Management, Inc. added | 33,237 | $633K | 0.0% | 2026-Q2 |
| Coastal Bridge Advisors, LLC trimmed | 32,801 | $625K | 0.0% | 2026-Q2 |
| UMB Bank, n.a. added | 32,496 | $619K | 0.0% | 2026-Q2 |
| Activest Wealth Management added | 32,243 | $615K | 0.0% | 2026-Q2 |
| Pinnacle Financial Partners, Inc. trimmed | 30,285 | $577K | 0.0% | 2026-Q2 |
| Argent Trust Co trimmed | 28,254 | $539K | 0.0% | 2026-Q2 |
| Resurgent Financial Advisors LLC added | 25,378 | $484K | 0.0% | 2026-Q2 |
| SCHNIEDERS CAPITAL MANAGEMENT, LLC. trimmed | 23,170 | $442K | 0.0% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 20,611 | $393K | 0.0% | 2026-Q2 |
| DIVERSIFIED TRUST CO trimmed | 19,994 | $381K | 0.0% | 2026-Q2 |
| XML Financial, LLC added | 19,406 | $370K | 0.0% | 2026-Q2 |
| Platform Technology Partners | 19,000 | $362K | 0.0% | 2026-Q2 |
| STEPHENS INC /AR/ trimmed | 18,062 | $344K | 0.0% | 2026-Q2 |
| FLYNN ZITO CAPITAL MANAGEMENT, LLC trimmed | 16,509 | $315K | 0.0% | 2026-Q2 |
| W.G. Shaheen & Associates DBA Whitney & Co | 16,500 | $314K | 0.0% | 2026-Q2 |
| MBL Wealth, LLC trimmed | 16,000 | $305K | 0.0% | 2026-Q2 |
| Venturi Wealth Management, LLC new | 15,500 | $295K | 0.0% | 2026-Q2 |
| VestGen Advisors, LLC | 15,032 | $287K | 0.0% | 2026-Q2 |
| Main Street Financial Solutions, LLC added | 14,479 | $276K | 0.0% | 2026-Q2 |
| Gotham Asset Management, LLC new | 14,288 | $272K | 0.0% | 2026-Q2 |
| Indivisible Partners new | 14,152 | $270K | 0.0% | 2026-Q2 |
| Colter Lewis Investment Partners LLC | 14,054 | $268K | 0.0% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 14,049 | $268K | 0.0% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC added | 13,763 | $262K | 0.0% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. added | 13,615 | $260K | 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.