Who owns RECS
Which tracked institutional funds hold RECS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See RECS company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-26). 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 RECS is one-sided between 2026-Q1 and 2026-Q2: 87 added or opened and 18 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
RECS’s largest tracked holder by dollar value, LPL Financial LLC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.1pp gap the other way — the median holder sizes RECS more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in RECS 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 178 tracked filers holding RECS, 123 increased or opened the position and 59 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 RECS between the 2026-Q1 and 2026-Q2 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
- R2 Capital Strategies, LLC$5M
- Gateway Wealth Partners, LLC$2M
- MGO ONE SEVEN LLC$900K
- HB Wealth Management, LLC$697K
- Van Diest Capital, LLC$642K
- XTX Topco Ltd$592K
Full exits 9
- CENTAURUS FINANCIAL, INC.$18M
- Independent Advisor Alliance$13M
- Cambridge Investment Research Advisors, Inc.$12M
- USAdvisors Wealth Management, LLC$5M
- Janney Montgomery Scott LLC$5M
- THOROUGHBRED FINANCIAL SERVICES, LLC$2M
Largest adds
- LPL Financial LLC$157M
- MORGAN STANLEY$63M
- AMERIPRISE FINANCIAL INC$56M
- Ameritas Advisory Services, LLC$45M
- RAYMOND JAMES FINANCIAL INC$33M
- Scarborough Advisors, LLC$31M
Largest trims
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$7M
- Richmond Investment Services, LLC$2M
- JANE STREET GROUP, LLC$2M
- Mariner, LLC$703K
- Inscription Capital, LLC$562K
- BlueStem Wealth Partners, LLC$470K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| LPL Financial LLC added | 21,699,028 | $939M | 21.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 14,858,722 | $643M | 14.6% | 2026-Q2 |
| MORGAN STANLEY added | 7,054,701 | $305M | 6.9% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 5,877,632 | $254M | 5.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 5,246,488 | $227M | 5.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 3,608,748 | $156M | 3.5% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 3,279,198 | $142M | 3.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,879,237 | $125M | 2.8% | 2026-Q2 |
| Gradient Investments LLC added | 2,411,318 | $104M | 2.4% | 2026-Q2 |
| Bogart Wealth, LLC added | 2,339,266 | $101M | 2.3% | 2026-Q2 |
| Stratos Investment Management, LLC added | 2,139,839 | $93M | 2.1% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 1,681,628 | $73M | 1.7% | 2026-Q2 |
| Amplius Wealth Advisors, LLC added | 1,675,097 | $72M | 1.6% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 1,664,390 | $72M | 1.6% | 2026-Q2 |
| Cetera Investment Advisers added | 1,478,365 | $64M | 1.5% | 2026-Q2 |
| Drake & Associates, LLC added | 1,252,310 | $54M | 1.2% | 2026-Q2 |
| Scarborough Advisors, LLC added | 1,202,547 | $52M | 1.2% | 2026-Q2 |
| DAYMARK WEALTH PARTNERS, LLC added | 1,132,868 | $49M | 1.1% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 1,118,264 | $48M | 1.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,050,976 | $45M | 1.0% | 2026-Q2 |
| Mason & Associates Inc trimmed | 1,008,482 | $44M | 1.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 1,000,912 | $43M | 1.0% | 2026-Q2 |
| UBS Group AG added | 864,328 | $37M | 0.8% | 2026-Q2 |
| Spectrum Wealth Advisory Group, LLC added | 856,938 | $37M | 0.8% | 2026-Q2 |
| Stadion Money Management, LLC trimmed | 791,168 | $34M | 0.8% | 2026-Q2 |
| BlueStem Wealth Partners, LLC trimmed | 765,762 | $33M | 0.8% | 2026-Q2 |
| Three Cord True Wealth Management, LLC added | 707,539 | $31M | 0.7% | 2026-Q2 |
| KWB Wealth added | 635,710 | $28M | 0.6% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 595,285 | $26M | 0.6% | 2026-Q2 |
| Trajan Wealth LLC added | 533,754 | $23M | 0.5% | 2026-Q2 |
| Gladstone Institutional Advisory LLC added | 532,297 | $23M | 0.5% | 2026-Q2 |
| Tower Wealth Partners, Inc. added | 511,314 | $22M | 0.5% | 2026-Q2 |
| Retirement Management Systems Inc. added | 493,262 | $21M | 0.5% | 2026-Q2 |
| ARQ WEALTH ADVISORS, LLC added | 468,514 | $21M | 0.5% | 2026-Q2 |
| Heck Capital Advisors, LLC added | 436,199 | $19M | 0.4% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 432,449 | $19M | 0.4% | 2026-Q2 |
| Essex Financial Services, Inc. trimmed | 391,776 | $17M | 0.4% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 380,347 | $16M | 0.4% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 353,993 | $15M | 0.3% | 2026-Q2 |
| IAG Wealth Partners, LLC added | 347,443 | $15M | 0.3% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 272,045 | $12M | 0.3% | 2026-Q2 |
| Pine Valley Investments Ltd Liability Co added | 259,027 | $11M | 0.3% | 2026-Q2 |
| Bensler, LLC added | 248,398 | $11M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 237,568 | $10M | 0.2% | 2026-Q2 |
| Whitaker-Myers Wealth Managers, LTD. added | 236,456 | $10M | 0.2% | 2026-Q2 |
| Snider Financial Group added | 225,697 | $10M | 0.2% | 2026-Q2 |
| DAVENPORT & Co LLC added | 223,944 | $10M | 0.2% | 2026-Q2 |
| LEAVELL INVESTMENT MANAGEMENT, INC. added | 213,304 | $9M | 0.2% | 2026-Q2 |
| WealthCare Investment Partners, LLC added | 197,881 | $9M | 0.2% | 2026-Q2 |
| Atria Investments, Inc added | 195,435 | $8M | 0.2% | 2026-Q2 |
| BYRNE FINANCIAL FREEDOM, LLC added | 192,408 | $8M | 0.2% | 2026-Q2 |
| World Investment Advisors | 187,686 | $7M | 0.2% | 2026-Q2 |
| DAGCO, INC. added | 180,123 | $8M | 0.2% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 176,423 | $8M | 0.2% | 2026-Q2 |
| RETIREMENT PLANNING GROUP, LLC / NY added | 171,662 | $7M | 0.2% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 146,366 | $6M | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 139,883 | $6M | 0.1% | 2026-Q2 |
| Western Wealth Management, LLC added | 138,485 | $6M | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 136,770 | $6M | 0.1% | 2026-Q2 |
| Sovran Advisors, LLC added | 121,010 | $5M | 0.1% | 2026-Q2 |
| R2 Capital Strategies, LLC new | 120,862 | $5M | 0.1% | 2026-Q2 |
| Alchemi Wealth, LLC added | 118,445 | $5M | 0.1% | 2026-Q2 |
| Brown Financial Advisors added | 114,939 | $5M | 0.1% | 2026-Q2 |
| RDA Financial Network added | 108,521 | $5M | 0.1% | 2026-Q2 |
| Fermata Advisors, LLC trimmed | 94,482 | $4M | 0.1% | 2026-Q2 |
| Equitable Holdings, Inc. added | 93,399 | $4M | 0.1% | 2026-Q2 |
| Paladin Wealth, LLC added | 93,151 | $4M | 0.1% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 90,471 | $4M | 0.1% | 2026-Q2 |
| FIDELIS CAPITAL PARTNERS, LLC added | 81,616 | $4M | 0.1% | 2026-Q2 |
| SILVER OAK SECURITIES, INCORPORATED trimmed | 81,137 | $4M | 0.1% | 2026-Q2 |
| SPIREPOINT PRIVATE CLIENT, LLC added | 75,425 | $3M | 0.1% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. added | 71,221 | $3M | 0.1% | 2026-Q2 |
| KPP Advisory Services LLC trimmed | 64,320 | $3M | 0.1% | 2026-Q2 |
| Mattson Financial Services, LLC added | 60,917 | $3M | 0.1% | 2026-Q2 |
| Dana Investment Advisors, Inc. added | 60,901 | $3M | 0.1% | 2026-Q2 |
| Paragon Private Wealth Management, LLC trimmed | 57,233 | $2M | 0.1% | 2026-Q2 |
| First Growth Capital LLC trimmed | 55,371 | $2M | 0.1% | 2026-Q2 |
| SMITH SHELLNUT WILSON LLC /ADV added | 53,520 | $2M | 0.1% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 51,804 | $2M | 0.1% | 2026-Q2 |
| IFP Advisors, Inc added | 51,466 | $2M | 0.1% | 2026-Q2 |
| Prosperity Financial Group, Inc. added | 51,260 | $2M | 0.1% | 2026-Q2 |
| Gateway Wealth Partners, LLC new | 50,729 | $2M | 0.0% | 2026-Q2 |
| Summit Financial, LLC added | 45,617 | $2M | 0.0% | 2026-Q2 |
| Pines Wealth Management, LLC added | 44,327 | $2M | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 39,750 | $2M | 0.0% | 2026-Q2 |
| Axis Wealth Partners, LLC trimmed | 35,103 | $2M | 0.0% | 2026-Q2 |
| THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. added | 33,307 | $1M | 0.0% | 2026-Q2 |
| NewEdge Advisors, LLC added | 32,073 | $1M | 0.0% | 2026-Q2 |
| Lakeridge Wealth Management LLC added | 30,177 | $1M | 0.0% | 2026-Q2 |
| Inscription Capital, LLC trimmed | 28,974 | $1M | 0.0% | 2026-Q2 |
| Cornerstone Wealth Management, LLC added | 28,888 | $1M | 0.0% | 2026-Q2 |
| Mariner, LLC trimmed | 28,433 | $1M | 0.0% | 2026-Q2 |
| &PARTNERS added | 27,031 | $1M | 0.0% | 2026-Q2 |
| Riverbend Wealth Management, LLC added | 24,574 | $1M | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 23,782 | $1M | 0.0% | 2026-Q2 |
| MMA ASSET MANAGEMENT LLC trimmed | 22,983 | $995K | 0.0% | 2026-Q2 |
| Morey & Quinn Wealth Partners, LLC added | 22,978 | $994K | 0.0% | 2026-Q2 |
| DENVER WEALTH MANAGEMENT, INC. added | 22,263 | $964K | 0.0% | 2026-Q2 |
| MGO ONE SEVEN LLC new | 20,791 | $900K | 0.0% | 2026-Q2 |
| Palumbo Wealth Management LLC added | 20,455 | $885K | 0.0% | 2026-Q2 |
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.