Who owns Rand Capital (RAND)
Which tracked institutional funds hold RAND, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See RAND 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.
Conviction spread
RAND’s largest tracked holder by dollar value, O'SHAUGHNESSY ASSET MANAGEMENT, LLC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in RAND 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 8 tracked filers holding RAND, 5 increased or opened the position and 1 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
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 |
|---|---|---|---|---|
| COURIER CAPITAL LLC | 15,382 | $157K | 18.7% | 2026-Q2 |
| SHUFRO ROSE & CO LLC | 14,000 | $143K | 17.0% | 2026-Q2 |
| WNY Asset Management, LLC new | 13,250 | $135K | 16.1% | 2026-Q2 |
| UBS Group AG added | 2,242 | $23K | 2.7% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 2,237 | $23K | 2.7% | 2026-Q2 |
| Bullock Wealth Management Group new | 642 | $7K | 0.8% | 2026-Q2 |
| MORGAN STANLEY | 1 | $18 | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 1 | $7 | 0.0% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 18,851 | $220K | 26.2% | 2025-Q4 stale (2 quarters behind) |
| RITHOLTZ WEALTH MANAGEMENT new | 11,089 | $126K | 15.0% | 2025-Q4 stale (2 quarters behind) |
| Royal Bank of Canada | 300 | $5K | 0.6% | 2025-Q2 stale (4 quarters behind) |
| JPMORGAN CHASE & CO trimmed | 91 | $1K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| HARBOUR INVESTMENTS, INC. | 7 | $81 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.