Who owns RAAX (RAAX)
Which tracked institutional funds hold RAAX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See RAAX 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 RAAX is one-sided between 2025-Q4 and 2026-Q1: 63 added or opened and 11 trimmed or exited — on balance accumulating.
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
RAAX’s largest tracked holder by dollar value, LPL Financial LLC, 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 RAAX more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in RAAX 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 129 tracked filers holding RAAX, 112 increased or opened the position and 29 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 RAAX 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 29
- Berger Financial Group, Inc$33M
- STRAIGHTLINE GROUP LLC$19M
- MinichMacGregor Wealth Management, LLC$11M
- RIVERSEDGE ADVISORS, LLC$7M
- Black Swift Group, LLC$6M
- Redhawk Wealth Advisors, Inc.$5M
Full exits 7
- Main Street Financial Solutions, LLC$2M
- FAS Wealth Partners, Inc.$765K
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$644K
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$629K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$600K
- ProCore Advisors, LLC$578K
Largest adds
- CWM, LLC$92M
- LPL Financial LLC$67M
- Cetera Investment Advisers$42M
- RAYMOND JAMES FINANCIAL INC$11M
- Beaumont Financial Advisors, LLC$8M
- New England Private Wealth Advisors LLC$6M
Largest trims
- Austin Wealth Management, LLC$1M
- Robertson Stephens Wealth Management, LLC$879K
- JANE STREET GROUP, LLC$612K
- Composition Wealth, LLC$255K
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 3,198,721 | $130M | 23.2% | 2026-Q1 |
| CWM, LLC added | 2,434,200 | $99M | 17.7% | 2026-Q1 |
| Cetera Investment Advisers added | 1,063,396 | $43M | 7.7% | 2026-Q1 |
| Berger Financial Group, Inc new | 809,945 | $33M | 5.9% | 2026-Q1 |
| BEAM WEALTH ADVISORS, INC. trimmed | 706,647 | $29M | 5.1% | 2026-Q1 |
| STRAIGHTLINE GROUP LLC new | 473,126 | $19M | 3.4% | 2026-Q1 |
| ASSETMARK, INC added | 406,755 | $17M | 2.9% | 2026-Q1 |
| Beaumont Financial Advisors, LLC added | 363,123 | $15M | 2.6% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 281,193 | $11M | 2.0% | 2026-Q1 |
| MinichMacGregor Wealth Management, LLC new | 262,900 | $11M | 1.9% | 2026-Q1 |
| ERn Financial, LLC added | 209,952 | $9M | 1.5% | 2026-Q1 |
| New England Private Wealth Advisors LLC added | 165,743 | $7M | 1.2% | 2026-Q1 |
| RIVERSEDGE ADVISORS, LLC new | 159,702 | $7M | 1.2% | 2026-Q1 |
| Black Swift Group, LLC new | 147,035 | $6M | 1.1% | 2026-Q1 |
| Redhawk Wealth Advisors, Inc. new | 125,999 | $5M | 0.9% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 125,169 | $5M | 0.9% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 120,026 | $5M | 0.9% | 2026-Q1 |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors added | 117,655 | $5M | 0.9% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 116,233 | $5M | 0.8% | 2026-Q1 |
| Visionary Wealth Advisors new | 100,079 | $4M | 0.7% | 2026-Q1 |
| AVALON CAPITAL MANAGEMENT added | 90,342 | $4M | 0.7% | 2026-Q1 |
| New Republic Capital, LLC added | 85,221 | $3M | 0.6% | 2026-Q1 |
| Castleview Partners, LLC added | 77,570 | $3M | 0.6% | 2026-Q1 |
| Principle Wealth Partners LLC added | 74,913 | $3M | 0.5% | 2026-Q1 |
| Sunrise Financial Services, LLC new | 74,455 | $3M | 0.5% | 2026-Q1 |
| Magnus Financial Group LLC added | 72,097 | $3M | 0.5% | 2026-Q1 |
| Sanctuary Advisors, LLC new | 70,579 | $3M | 0.5% | 2026-Q1 |
| Essex Financial Services, Inc. added | 63,809 | $3M | 0.5% | 2026-Q1 |
| Archford Capital Strategies, LLC new | 62,799 | $3M | 0.5% | 2026-Q1 |
| Composition Wealth, LLC trimmed | 62,546 | $3M | 0.5% | 2026-Q1 |
| Accurate Wealth Management, LLC added | 58,029 | $2M | 0.4% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 51,468 | $2M | 0.4% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 46,766 | $2M | 0.3% | 2026-Q1 |
| FLYNN ZITO CAPITAL MANAGEMENT, LLC new | 46,572 | $2M | 0.3% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 43,948 | $2M | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC new | 43,469 | $2M | 0.3% | 2026-Q1 |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC added | 41,816 | $2M | 0.3% | 2026-Q1 |
| Cornerstone Wealth Management, LLC added | 41,530 | $2M | 0.3% | 2026-Q1 |
| NORDEN GROUP LLC new | 40,381 | $2M | 0.3% | 2026-Q1 |
| Waterloo Capital, L.P. new | 37,514 | $2M | 0.3% | 2026-Q1 |
| PCG Wealth Advisors, LLC new | 37,335 | $2M | 0.3% | 2026-Q1 |
| Janney Montgomery Scott LLC new | 36,852 | $2M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 35,506 | $1M | 0.3% | 2026-Q1 |
| ENTREWEALTH, LLC added | 34,212 | $1M | 0.2% | 2026-Q1 |
| Visionary Horizons, LLC added | 33,930 | $1M | 0.2% | 2026-Q1 |
| Mariner, LLC added | 31,287 | $1M | 0.2% | 2026-Q1 |
| WESPAC Advisors, LLC new | 31,017 | $1M | 0.2% | 2026-Q1 |
| Virtu Financial LLC added | 28,000 | $1M | 0.2% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 27,498 | $1M | 0.2% | 2026-Q1 |
| Austin Wealth Management, LLC trimmed | 27,199 | $1M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 27,429 | $1M | 0.2% | 2026-Q1 |
| CASCADE INVESTMENT GROUP, INC. new | 26,122 | $1M | 0.2% | 2026-Q1 |
| Orion Porfolio Solutions, LLC added | 25,804 | $1M | 0.2% | 2026-Q1 |
| Equitable Holdings, Inc. added | 29,936 | $1M | 0.2% | 2026-Q1 |
| Private Advisor Group, LLC added | 24,762 | $1M | 0.2% | 2026-Q1 |
| Collaborative Wealth Managment Inc. added | 23,804 | $969K | 0.2% | 2026-Q1 |
| Echo45 Advisors LLC added | 23,787 | $968K | 0.2% | 2026-Q1 |
| IHT Wealth Management, LLC new | 23,729 | $966K | 0.2% | 2026-Q1 |
| Arete Wealth Advisors, LLC new | 22,847 | $929K | 0.2% | 2026-Q1 |
| Financial Partners Group, Inc added | 22,662 | $923K | 0.2% | 2026-Q1 |
| SIMPLEX TRADING, LLC added | 22,633 | $921K | 0.2% | 2026-Q1 |
| Capital Investment Advisors, LLC trimmed | 21,928 | $893K | 0.2% | 2026-Q1 |
| HighTower Advisors, LLC new | 21,587 | $879K | 0.2% | 2026-Q1 |
| Tassel Capital Management, Inc. trimmed | 20,599 | $839K | 0.1% | 2026-Q1 |
| JOURNEY STRATEGIC WEALTH LLC trimmed | 19,974 | $813K | 0.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 19,575 | $797K | 0.1% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC | 19,566 | $797K | 0.1% | 2026-Q1 |
| Clarendon Private LLC new | 19,210 | $782K | 0.1% | 2026-Q1 |
| Ascentis Independent Advisors new | 17,404 | $709K | 0.1% | 2026-Q1 |
| Mascagni Wealth Management, Inc. new | 16,738 | $681K | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 16,601 | $676K | 0.1% | 2026-Q1 |
| PURSUE WEALTH PARTNERS LLC new | 15,995 | $651K | 0.1% | 2026-Q1 |
| TRUE Private Wealth Advisors new | 14,636 | $596K | 0.1% | 2026-Q1 |
| Copley Financial Group, Inc. trimmed | 12,739 | $519K | 0.1% | 2026-Q1 |
| D.A. DAVIDSON & CO. new | 11,717 | $477K | 0.1% | 2026-Q1 |
| SENTINEL PENSION ADVISORS, LLC added | 11,697 | $476K | 0.1% | 2026-Q1 |
| KRAEMATON INVESTMENT ADVISORS, INC added | 10,466 | $426K | 0.1% | 2026-Q1 |
| Western Wealth Management, LLC new | 10,102 | $411K | 0.1% | 2026-Q1 |
| WealthPlan Investment Management, LLC added | 9,873 | $402K | 0.1% | 2026-Q1 |
| Beacon Bank & Trust new | 8,755 | $356K | 0.1% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 8,726 | $355K | 0.1% | 2026-Q1 |
| Realta Investment Advisors added | 7,800 | $318K | 0.1% | 2026-Q1 |
| Capital Investment Advisory Services, LLC trimmed | 7,736 | $315K | 0.1% | 2026-Q1 |
| WILLNER & HELLER, LLC new | 7,715 | $314K | 0.1% | 2026-Q1 |
| Diversified Enterprises, LLC new | 7,349 | $299K | 0.1% | 2026-Q1 |
| Professional Financial Advisors, LLC new | 7,323 | $298K | 0.1% | 2026-Q1 |
| Etesian Wealth Advisors, Inc. added | 7,135 | $290K | 0.1% | 2026-Q1 |
| Trek Financial, LLC new | 57,457 | $2M | 0.4% | 2025-Q3 stale |
| Main Street Financial Solutions, LLC new | 45,143 | $2M | 0.3% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 46,602 | $1M | 0.3% | 2025-Q2 stale |
| Atria Wealth Solutions, Inc. trimmed | 29,095 | $903K | 0.2% | 2025-Q2 stale |
| FAS Wealth Partners, Inc. added | 21,909 | $765K | 0.1% | 2025-Q4 stale |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 1,967 | $644K | 0.1% | 2025-Q4 stale |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 18,000 | $629K | 0.1% | 2025-Q4 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 17,167 | $600K | 0.1% | 2025-Q4 stale |
| ProCore Advisors, LLC new | 16,539 | $578K | 0.1% | 2025-Q4 stale |
| ORG Partners LLC | 16,204 | $566K | 0.1% | 2025-Q4 stale |
| FLOW TRADERS U.S. LLC new | 16,451 | $511K | 0.1% | 2025-Q2 stale |
| Harvest Investment Services, LLC new | 14,694 | $447K | 0.1% | 2025-Q1 stale |
| Worth Asset Management, LLC trimmed | 11,742 | $365K | 0.1% | 2025-Q2 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.