Who owns RAFE
Which tracked institutional funds hold RAFE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See RAFE company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-19). 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
5 tracked funds added or opened RAFE while 4 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
RAFE’s largest tracked holder by dollar value, Sellwood Investment Partners LLC, sizes it at 8.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 8.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in RAFE 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 43 tracked filers holding RAFE, 27 increased or opened the position and 19 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 RAFE 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 2
- Mariner, LLC$1M
- Capital Analysts, LLC$769K
Full exits 1
- GOLDMAN SACHS GROUP INC$722K
Largest adds
- LPL Financial LLC$5M
- Savant Capital, LLC$2M
- CITADEL ADVISORS LLC$774K
Largest trims
- NewEdge Advisors, LLC$2M
- OSAIC HOLDINGS, INC.$1M
- COMMONWEALTH EQUITY SERVICES, LLC$307K
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 |
|---|---|---|---|---|
| Sellwood Investment Partners LLC added | 499,411 | $21M | 23.9% | 2026-Q1 |
| Savant Capital, LLC added | 254,719 | $11M | 12.2% | 2026-Q1 |
| LPL Financial LLC added | 171,016 | $7M | 8.2% | 2026-Q1 |
| Balanced Rock Investment Advisors LLC added | 149,184 | $6M | 7.1% | 2026-Q1 |
| Arlington Financial Advisors, LLC trimmed | 123,101 | $5M | 5.9% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 113,440 | $5M | 5.4% | 2026-Q1 |
| Northwest Bancshares, Inc. trimmed | 108,413 | $5M | 5.2% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. added | 101,475 | $4M | 4.9% | 2026-Q1 |
| GenWealth Group, Inc. added | 90,150 | $4M | 4.3% | 2026-Q1 |
| Cetera Investment Advisers added | 66,960 | $3M | 3.2% | 2026-Q1 |
| Financial Insights, Inc. added | 63,112 | $3M | 3.0% | 2026-Q1 |
| Bruce G. Allen Investments, LLC trimmed | 36,739 | $2M | 1.8% | 2026-Q1 |
| Mariner, LLC new | 30,898 | $1M | 1.5% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 26,607 | $1M | 1.3% | 2026-Q1 |
| Dynamic Advisor Solutions LLC trimmed | 20,952 | $872K | 1.0% | 2026-Q1 |
| Mason & Associates Inc added | 20,138 | $820K | 0.9% | 2026-Q1 |
| Capital Analysts, LLC new | 18,489 | $769K | 0.9% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 13,430 | $559K | 0.6% | 2026-Q1 |
| Walkner Condon Financial Advisors LLC added | 13,289 | $553K | 0.6% | 2026-Q1 |
| FLYNN ZITO CAPITAL MANAGEMENT, LLC trimmed | 11,561 | $481K | 0.6% | 2026-Q1 |
| JNBA Financial Advisors trimmed | 9,344 | $389K | 0.4% | 2026-Q1 |
| KWB Wealth trimmed | 8,861 | $372K | 0.4% | 2026-Q1 |
| NewEdge Advisors, LLC trimmed | 36,163 | $370K | 0.4% | 2026-Q1 |
| Bond & Devick Financial Network, Inc. trimmed | 7,852 | $327K | 0.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 7,586 | $316K | 0.4% | 2026-Q1 |
| RHS Financial, LLC added | 7,453 | $310K | 0.4% | 2026-Q1 |
| Bank of New York Mellon Corp new | 6,428 | $267K | 0.3% | 2026-Q1 |
| Milestone Investment Advisors LLC added | 5,956 | $248K | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 5,589 | $233K | 0.3% | 2026-Q1 |
| Sprinkle Financial Consultants LLC added | 5,304 | $221K | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 5,110 | $213K | 0.2% | 2026-Q1 |
| Williams & Novak, LLC | 5,000 | $208K | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN new | 4,169 | $173K | 0.2% | 2026-Q1 |
| AdvisorNet Financial, Inc added | 3,835 | $160K | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC trimmed | 3,700 | $154K | 0.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. new | 3,678 | $153K | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 3,673 | $153K | 0.2% | 2026-Q1 |
| Sankala Group LLC added | 3,253 | $134K | 0.2% | 2026-Q1 |
| Ascentis Independent Advisors new | 2,745 | $114K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 1,876 | $78K | 0.1% | 2026-Q1 |
| Smartleaf Asset Management LLC | 1,453 | $59K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO new | 101 | $4K | 0.0% | 2026-Q1 |
| BLUELINE ADVISORS LLC trimmed | 25 | $1K | 0.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 17,189 | $722K | 0.8% | 2025-Q4 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 17,329 | $705K | 0.8% | 2025-Q3 stale |
| TOWNSEND ASSET MANAGEMENT CORP /NC/ /ADV new | 4,815 | $202K | 0.2% | 2025-Q4 stale |
| Larson Financial Group LLC added | 2,418 | $102K | 0.1% | 2025-Q4 stale |
| Global Retirement Partners, LLC | 516 | $22K | 0.0% | 2025-Q4 stale |
| UBS Group AG trimmed | 15 | $630 | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 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.