Who owns QUS (QUS)
Which tracked institutional funds hold QUS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See QUS 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
22 tracked funds added or opened QUS while 28 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
QUS’s largest tracked holder by dollar value, Focus Partners Wealth, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in QUS 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 186 tracked filers holding QUS, 65 increased or opened the position and 93 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 QUS 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 9
- Kingsview Wealth Management, LLC$8M
- CITADEL ADVISORS LLC$2M
- JANE STREET GROUP, LLC$2M
- Ethic Inc.$2M
- Independent Advisor Alliance$1M
- Dynamic Advisor Solutions LLC$856K
Full exits 7
- Tolleson Wealth Management, Inc.$95M
- Howard Capital Management Inc.$21M
- NewEdge Advisors, LLC$6M
- SILVER OAK SECURITIES, INCORPORATED$2M
- TWO SIGMA INVESTMENTS, LP$2M
- OLD MISSION CAPITAL LLC$1M
Largest adds
- Perennial Investment Advisors, LLC$3M
- LPL Financial LLC$3M
- ENVESTNET ASSET MANAGEMENT INC$2M
- Strategic Financial Partners, Ltd.$2M
- Marotta Asset Management$1M
- RAYMOND JAMES FINANCIAL INC$1M
Largest trims
- BANK OF AMERICA CORP /DE/$30M
- Garrett Wealth Advisory Group, LLC$21M
- Presper Financial Architects, LLC$12M
- MORGAN STANLEY$7M
- Private Advisor Group, LLC$5M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$3M
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 |
|---|---|---|---|---|
| Focus Partners Wealth added | 2,056,355 | $353M | 27.9% | 2026-Q1 |
| SFMG, LLC added | 541,590 | $93M | 7.3% | 2026-Q1 |
| LPL Financial LLC added | 352,798 | $61M | 4.8% | 2026-Q1 |
| Perennial Investment Advisors, LLC added | 317,764 | $55M | 4.3% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 268,245 | $46M | 3.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 220,498 | $38M | 3.0% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 213,361 | $37M | 2.9% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 203,948 | $35M | 2.8% | 2026-Q1 |
| Sage Mountain Advisors LLC trimmed | 168,022 | $29M | 2.3% | 2026-Q1 |
| MORGAN STANLEY trimmed | 125,070 | $21M | 1.7% | 2026-Q1 |
| BIP Wealth, LLC trimmed | 106,132 | $18M | 1.4% | 2026-Q1 |
| Great Point Wealth Advisors, LLC trimmed | 84,481 | $15M | 1.1% | 2026-Q1 |
| Paul R. Ried Financial Group, LLC added | 73,994 | $13M | 1.0% | 2026-Q1 |
| Continuum Advisory, LLC added | 73,503 | $13M | 1.0% | 2026-Q1 |
| American Money Management, LLC added | 69,812 | $12M | 0.9% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 67,324 | $12M | 0.9% | 2026-Q1 |
| Marotta Asset Management added | 66,803 | $12M | 0.9% | 2026-Q1 |
| Eagle Strategies LLC trimmed | 58,040 | $10M | 0.8% | 2026-Q1 |
| Garrett Wealth Advisory Group, LLC trimmed | 56,836 | $10M | 0.8% | 2026-Q1 |
| Goodman Advisory Group, LLC trimmed | 55,742 | $10M | 0.8% | 2026-Q1 |
| Kingsview Wealth Management, LLC new | 43,811 | $8M | 0.6% | 2026-Q1 |
| Hughes Financial Services, LLC trimmed | 43,559 | $7M | 0.6% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 43,272 | $7M | 0.6% | 2026-Q1 |
| ARQ WEALTH ADVISORS, LLC added | 42,357 | $7M | 0.6% | 2026-Q1 |
| AlTi Global, Inc. trimmed | 39,717 | $7M | 0.5% | 2026-Q1 |
| VISTA INVESTMENT MANAGEMENT trimmed | 37,262 | $6M | 0.5% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 33,498 | $6M | 0.5% | 2026-Q1 |
| FIRST HAWAIIAN BANK trimmed | 30,628 | $5M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 30,260 | $5M | 0.4% | 2026-Q1 |
| Sharkey, Howes & Javer trimmed | 29,424 | $5M | 0.4% | 2026-Q1 |
| PARSONS CAPITAL MANAGEMENT INC/RI added | 29,260 | $5M | 0.4% | 2026-Q1 |
| Cerity Partners LLC trimmed | 27,663 | $5M | 0.4% | 2026-Q1 |
| Quantinno Capital Management LP trimmed | 26,405 | $5M | 0.4% | 2026-Q1 |
| Elevation Capital Advisory, LLC added | 25,881 | $4M | 0.4% | 2026-Q1 |
| Integrity Wealth Solutions LLC trimmed | 24,867 | $4M | 0.3% | 2026-Q1 |
| CreativeOne Wealth, LLC trimmed | 24,695 | $4M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 21,395 | $4M | 0.3% | 2026-Q1 |
| Strategic Financial Partners, Ltd. added | 21,318 | $4M | 0.3% | 2026-Q1 |
| Essex Financial Services, Inc. trimmed | 19,897 | $3M | 0.3% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 17,337 | $3M | 0.2% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC trimmed | 15,585 | $3M | 0.2% | 2026-Q1 |
| HARBOR INVESTMENT ADVISORY, LLC added | 13,484 | $2M | 0.2% | 2026-Q1 |
| Warner Group LLC trimmed | 12,902 | $2M | 0.2% | 2026-Q1 |
| LBMC INVESTMENT ADVISORS, LLC trimmed | 12,145 | $2M | 0.2% | 2026-Q1 |
| Versant Capital Management, Inc trimmed | 11,850 | $2M | 0.2% | 2026-Q1 |
| Allred Capital Management, LLC added | 11,001 | $2M | 0.1% | 2026-Q1 |
| McAdam, LLC trimmed | 10,824 | $2M | 0.1% | 2026-Q1 |
| Goldstein Advisors, LLC trimmed | 10,734 | $2M | 0.1% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 10,349 | $2M | 0.1% | 2026-Q1 |
| NWAM LLC added | 10,278 | $2M | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 10,074 | $2M | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 9,751 | $2M | 0.1% | 2026-Q1 |
| Ethic Inc. new | 9,439 | $2M | 0.1% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 9,040 | $2M | 0.1% | 2026-Q1 |
| SENTINEL PENSION ADVISORS, LLC trimmed | 8,681 | $1M | 0.1% | 2026-Q1 |
| Presper Financial Architects, LLC trimmed | 8,654 | $1M | 0.1% | 2026-Q1 |
| Selby Wealth Management, LLC trimmed | 8,548 | $1M | 0.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 8,235 | $1M | 0.1% | 2026-Q1 |
| Riverpoint Wealth Management Holdings, LLC trimmed | 8,151 | $1M | 0.1% | 2026-Q1 |
| LEVEL FOUR ADVISORY SERVICES, LLC trimmed | 7,978 | $1M | 0.1% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 7,520 | $1M | 0.1% | 2026-Q1 |
| Cornerstone Wealth Management, LLC trimmed | 7,282 | $1M | 0.1% | 2026-Q1 |
| IFP Advisors, Inc trimmed | 7,141 | $1M | 0.1% | 2026-Q1 |
| NorthRock Partners, LLC trimmed | 6,777 | $1M | 0.1% | 2026-Q1 |
| HENGEHOLD CAPITAL MANAGEMENT LLC trimmed | 6,324 | $1M | 0.1% | 2026-Q1 |
| SHEETS SMITH WEALTH MANAGEMENT trimmed | 6,301 | $1M | 0.1% | 2026-Q1 |
| Wilkins Miller Wealth Management, LLC trimmed | 6,294 | $1M | 0.1% | 2026-Q1 |
| Independent Advisor Alliance trimmed | 6,219 | $1M | 0.1% | 2026-Q1 |
| Compound Planning, Inc. trimmed | 5,453 | $936K | 0.1% | 2026-Q1 |
| 1620 INVESTMENT ADVISORS, INC. trimmed | 5,290 | $908K | 0.1% | 2026-Q1 |
| Dynamic Advisor Solutions LLC added | 4,989 | $856K | 0.1% | 2026-Q1 |
| Princeton Global Asset Management LLC trimmed | 4,965 | $852K | 0.1% | 2026-Q1 |
| Detalus Advisors, LLC | 4,924 | $845K | 0.1% | 2026-Q1 |
| NAPLES GLOBAL ADVISORS, LLC | 4,825 | $828K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 4,817 | $827K | 0.1% | 2026-Q1 |
| VestGen Advisors, LLC added | 4,157 | $761K | 0.1% | 2026-Q1 |
| Alpha Zero LLC | 4,389 | $753K | 0.1% | 2026-Q1 |
| VICUS CAPITAL | 4,359 | $748K | 0.1% | 2026-Q1 |
| Apollon Financial, LLC | 4,350 | $747K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 3,978 | $670K | 0.1% | 2026-Q1 |
| ROCKLAND TRUST CO trimmed | 3,787 | $650K | 0.1% | 2026-Q1 |
| Tolleson Wealth Management, Inc. trimmed | 544,403 | $95M | 7.5% | 2025-Q4 stale |
| ELEVATION POINT WEALTH PARTNERS, LLC trimmed | 238,262 | $39M | 3.1% | 2025-Q2 stale |
| Howard Capital Management Inc. added | 119,933 | $21M | 1.6% | 2025-Q4 stale |
| Strategic Blueprint, LLC added | 107,676 | $18M | 1.5% | 2025-Q3 stale |
| WIN ADVISORS, INC added | 55,442 | $9M | 0.7% | 2025-Q2 stale |
| NewEdge Advisors, LLC trimmed | 36,532 | $6M | 0.5% | 2025-Q4 stale |
| Bouvel Investment Partners, LLC added | 37,019 | $6M | 0.5% | 2025-Q1 stale |
| PFG Private Wealth Management, LLC new | 27,711 | $5M | 0.4% | 2025-Q3 stale |
| FLOW TRADERS U.S. LLC trimmed | 24,066 | $4M | 0.3% | 2025-Q3 stale |
| Janney Montgomery Scott LLC added | 20,505 | $3M | 0.3% | 2025-Q2 stale |
| SILVER OAK SECURITIES, INCORPORATED added | 11,137 | $2M | 0.2% | 2025-Q4 stale |
| TWO SIGMA INVESTMENTS, LP trimmed | 8,900 | $2M | 0.1% | 2025-Q4 stale |
| Sandy Spring Bank | 9,207 | $1M | 0.1% | 2025-Q1 stale |
| Fort Point Capital Partners LLC added | 8,172 | $1M | 0.1% | 2025-Q2 stale |
| OLD MISSION CAPITAL LLC new | 6,978 | $1M | 0.1% | 2025-Q4 stale |
| Hershey Financial Advisers, LLC new | 6,507 | $1M | 0.1% | 2025-Q2 stale |
| Waterloo Capital, L.P. added | 6,076 | $991K | 0.1% | 2025-Q2 stale |
| Enterprise Bank & Trust Co | 4,360 | $711K | 0.1% | 2025-Q2 stale |
| Spinnaker Investment Group, LLC added | 3,856 | $672K | 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.