Who owns QLD (QLD)
Which tracked institutional funds hold QLD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See QLD 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
The tracked-fund tape on QLD is one-sided between 2025-Q4 and 2026-Q1: 19 added or opened and 70 trimmed or exited — on balance reducing.
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
QLD’s largest tracked holder by dollar value, Howard Capital Management Inc., sizes it at 14.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 14.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in QLD 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 191 tracked filers holding QLD, 72 increased or opened the position and 103 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 QLD 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 7
- Westwood Wealth Management$13M
- Q3 Asset Management$4M
- AlpenGlobal Capital LLC$1M
- GREAT VALLEY ADVISOR GROUP, INC.$889K
- Procyon Advisors, LLC$824K
- Potomac Capital Management, Inc.$738K
Full exits 15
- Howard Capital Management Inc.$864M
- Turner Capital Investments, LLC$4M
- Tempus Wealth Planning, LLC$4M
- IMC-Chicago, LLC$3M
- Vontobel Holding Ltd.$3M
- ENVESTNET ASSET MANAGEMENT INC$2M
Largest adds
- Mariner, LLC$7M
- Discipline Wealth Solutions, LLC$5M
- HARBOUR INVESTMENTS, INC.$2M
- Squarepoint Ops LLC$2M
- HRT FINANCIAL LP$1M
- FLOW TRADERS U.S. LLC$797K
Largest trims
- Global View Capital Management LLC$87M
- CITADEL ADVISORS LLC$32M
- Main Street Group, LTD$10M
- LPL Financial LLC$7M
- Clearstead Trust, LLC$7M
- Focus Financial Network, Inc.$6M
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 |
|---|---|---|---|---|
| Main Street Group, LTD trimmed | 1,030,565 | $63M | 4.5% | 2026-Q1 |
| Clearstead Trust, LLC added | 733,841 | $45M | 3.2% | 2026-Q1 |
| Global View Capital Management LLC trimmed | 651,626 | $40M | 2.8% | 2026-Q1 |
| Focus Financial Network, Inc. added | 599,468 | $37M | 2.6% | 2026-Q1 |
| Dedeker Financial LLC added | 277,528 | $17M | 1.2% | 2026-Q1 |
| TOTH FINANCIAL ADVISORY CORP trimmed | 250,901 | $15M | 1.1% | 2026-Q1 |
| Dale Q Rice Investment Management Ltd added | 247,938 | $15M | 1.1% | 2026-Q1 |
| Westwood Wealth Management added | 216,730 | $13M | 0.9% | 2026-Q1 |
| Mariner, LLC added | 193,080 | $12M | 0.8% | 2026-Q1 |
| GenWealth Group, Inc. added | 139,984 | $9M | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 136,916 | $8M | 0.6% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 131,310 | $8M | 0.6% | 2026-Q1 |
| Discipline Wealth Solutions, LLC added | 122,373 | $7M | 0.5% | 2026-Q1 |
| REGIONS FINANCIAL CORP trimmed | 119,656 | $7M | 0.5% | 2026-Q1 |
| HUB Investment Partners, LLC trimmed | 109,757 | $7M | 0.5% | 2026-Q1 |
| Connective Capital Management, LLC | 105,918 | $6M | 0.5% | 2026-Q1 |
| Jump Financial, LLC added | 92,496 | $6M | 0.4% | 2026-Q1 |
| Mesirow Financial Investment Management, Inc. trimmed | 86,000 | $5M | 0.4% | 2026-Q1 |
| Wealthcare Advisory Partners LLC | 85,710 | $5M | 0.4% | 2026-Q1 |
| Creative Planning trimmed | 85,436 | $5M | 0.4% | 2026-Q1 |
| Bryn Mawr Trust Advisors, LLC trimmed | 84,633 | $5M | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 82,500 | $5M | 0.4% | 2026-Q1 |
| Q3 Asset Management added | 72,200 | $4M | 0.3% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 65,304 | $4M | 0.3% | 2026-Q1 |
| Focus Partners Wealth added | 63,472 | $4M | 0.3% | 2026-Q1 |
| CIBC WORLD MARKET INC. | 59,558 | $4M | 0.3% | 2026-Q1 |
| Cresset Asset Management, LLC | 53,560 | $3M | 0.2% | 2026-Q1 |
| Marshall Financial Group, LLC trimmed | 52,020 | $3M | 0.2% | 2026-Q1 |
| Composition Wealth, LLC trimmed | 50,829 | $3M | 0.2% | 2026-Q1 |
| UBS Group AG added | 50,206 | $3M | 0.2% | 2026-Q1 |
| SteelPeak Wealth, LLC trimmed | 49,020 | $3M | 0.2% | 2026-Q1 |
| LPL Financial LLC trimmed | 48,477 | $3M | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC added | 48,404 | $3M | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. | 45,500 | $3M | 0.2% | 2026-Q1 |
| Sowell Financial Services LLC trimmed | 45,263 | $3M | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 44,001 | $3M | 0.2% | 2026-Q1 |
| Latitude Advisors, LLC added | 41,336 | $3M | 0.2% | 2026-Q1 |
| SBI Securities Co., Ltd. trimmed | 41,102 | $3M | 0.2% | 2026-Q1 |
| GTS SECURITIES LLC added | 39,470 | $2M | 0.2% | 2026-Q1 |
| IEQ CAPITAL, LLC added | 37,524 | $2M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 35,759 | $2M | 0.2% | 2026-Q1 |
| Arax Advisory Partners | 35,192 | $2M | 0.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 33,957 | $2M | 0.1% | 2026-Q1 |
| Rollins Financial Advisors, LLC added | 33,081 | $2M | 0.1% | 2026-Q1 |
| Financial Engines Advisors L.L.C. added | 33,003 | $2M | 0.1% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 32,274 | $2M | 0.1% | 2026-Q1 |
| PMV Capital Advisers, LLC trimmed | 31,902 | $2M | 0.1% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 29,582 | $2M | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP added | 29,508 | $2M | 0.1% | 2026-Q1 |
| Meridian Wealth Management, LLC added | 28,243 | $2M | 0.1% | 2026-Q1 |
| DONALDSON CAPITAL MANAGEMENT, LLC | 28,000 | $2M | 0.1% | 2026-Q1 |
| Harvest Investment Services, LLC trimmed | 24,568 | $1M | 0.1% | 2026-Q1 |
| GeoWealth Management, LLC trimmed | 23,473 | $1M | 0.1% | 2026-Q1 |
| Castleview Partners, LLC trimmed | 21,717 | $1M | 0.1% | 2026-Q1 |
| AlpenGlobal Capital LLC added | 20,941 | $1M | 0.1% | 2026-Q1 |
| Permanens Capital L.P. | 20,750 | $1M | 0.1% | 2026-Q1 |
| RIA Advisory Group LLC trimmed | 20,638 | $1M | 0.1% | 2026-Q1 |
| Cassaday & Co Wealth Management LLC | 20,522 | $1M | 0.1% | 2026-Q1 |
| Richmond Brothers, Inc. trimmed | 20,145 | $1M | 0.1% | 2026-Q1 |
| 180 WEALTH ADVISORS, LLC | 19,979 | $1M | 0.1% | 2026-Q1 |
| WESBANCO BANK INC | 19,200 | $1M | 0.1% | 2026-Q1 |
| Innova Wealth Partners trimmed | 18,682 | $1M | 0.1% | 2026-Q1 |
| Beacon Capital Management, Inc. trimmed | 18,426 | $1M | 0.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 17,306 | $1M | 0.1% | 2026-Q1 |
| Sanctuary Advisors, LLC | 16,863 | $1M | 0.1% | 2026-Q1 |
| WealthBridge Capital Management, LLC added | 16,841 | $1M | 0.1% | 2026-Q1 |
| Lido Advisors, LLC added | 16,586 | $1M | 0.1% | 2026-Q1 |
| Avior Wealth Management, LLC | 16,570 | $1M | 0.1% | 2026-Q1 |
| Howard Capital Management Inc. added | 12,277,706 | $864M | 61.9% | 2025-Q4 stale |
| FIRST NATIONAL CORP /MA/ /ADV added | 89,256 | $12M | 0.9% | 2025-Q3 stale |
| CROWLEY WEALTH MANAGEMENT, INC. added | 44,870 | $6M | 0.4% | 2025-Q3 stale |
| Watts Gwilliam & Co., LLC added | 35,862 | $5M | 0.4% | 2025-Q3 stale |
| SILVER OAK SECURITIES, INCORPORATED new | 59,331 | $5M | 0.3% | 2025-Q1 stale |
| Turner Capital Investments, LLC new | 84,396 | $4M | 0.3% | 2025-Q4 stale |
| Efficient Advisors, LLC new | 48,019 | $4M | 0.3% | 2025-Q1 stale |
| ROANOKE ASSET MANAGEMENT CORP/ NY | 48,000 | $4M | 0.3% | 2025-Q1 stale |
| ONCE CAPITAL MANAGEMENT, LLC added | 43,000 | $4M | 0.3% | 2025-Q1 stale |
| JANE STREET GROUP, LLC added | 42,621 | $4M | 0.3% | 2025-Q1 stale |
| Tempus Wealth Planning, LLC added | 53,301 | $4M | 0.3% | 2025-Q4 stale |
| Client First Investment Management LLC trimmed | 31,139 | $4M | 0.3% | 2025-Q2 stale |
| D. SCOTT NEAL, INC. | 24,928 | $3M | 0.2% | 2025-Q3 stale |
| IMC-Chicago, LLC trimmed | 42,818 | $3M | 0.2% | 2025-Q4 stale |
| Ridgepath Capital Management LLC trimmed | 31,856 | $3M | 0.2% | 2025-Q1 stale |
| AXXCESS WEALTH MANAGEMENT, LLC trimmed | 31,612 | $3M | 0.2% | 2025-Q1 stale |
| Vontobel Holding Ltd. added | 35,739 | $3M | 0.2% | 2025-Q4 stale |
| ENVESTNET ASSET MANAGEMENT INC added | 34,396 | $2M | 0.2% | 2025-Q4 stale |
| RENAISSANCE TECHNOLOGIES LLC added | 18,200 | $2M | 0.2% | 2025-Q2 stale |
| Headlands Technologies LLC added | 14,221 | $2M | 0.1% | 2025-Q3 stale |
| Legacy Investment Solutions, LLC added | 16,228 | $2M | 0.1% | 2025-Q2 stale |
| WOODWARD DIVERSIFIED CAPITAL, LLC added | 26,519 | $2M | 0.1% | 2025-Q4 stale |
| Revere Asset Management, Inc trimmed | 14,928 | $2M | 0.1% | 2025-Q2 stale |
| Orion Porfolio Solutions, LLC added | 24,759 | $2M | 0.1% | 2025-Q4 stale |
| TOWNSQUARE CAPITAL LLC added | 18,851 | $2M | 0.1% | 2025-Q1 stale |
| Canal Capital Management, LLC trimmed | 16,648 | $1M | 0.1% | 2025-Q1 stale |
| Aveo Capital Partners, LLC trimmed | 16,031 | $1M | 0.1% | 2025-Q1 stale |
| BURKE & HERBERT BANK & TRUST CO | 10,000 | $1M | 0.1% | 2025-Q3 stale |
| Parsonex Advisory Services, Inc. added | 19,236 | $1M | 0.1% | 2025-Q4 stale |
| SIMPLEX TRADING, LLC added | 13,773 | $1M | 0.1% | 2025-Q1 stale |
| DRW Securities, LLC trimmed | 7,893 | $1M | 0.1% | 2025-Q3 stale |
| Capital Advisory Group Advisory Services, LLC added | 14,570 | $1M | 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.