Who owns RFMZ
Which tracked institutional funds hold RFMZ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See RFMZ company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-18). 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
13 tracked funds added or opened RFMZ while 7 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
RFMZ’s largest tracked holder by dollar value, Pathstone Holdings, 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 RFMZ 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 54 tracked filers holding RFMZ, 26 increased or opened the position and 25 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 RFMZ 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.
Full exits 4
- Saba Capital Management, L.P.$4M
- WEDBUSH SECURITIES INC$995K
- Logan Stone Capital, LLC$851K
- Matisse Capital$622K
Largest adds
- Pathstone Holdings, LLC$5M
- GUGGENHEIM CAPITAL LLC$4M
- Atlas Wealth LLC$2M
- NewEdge Advisors, LLC$1M
- Rockefeller Capital Management L.P.$877K
- MORGAN STANLEY$720K
Largest trims
- Gateway Wealth Partners, LLC$2M
- RIVERBRIDGE PARTNERS LLC$695K
- UBS Group AG$352K
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 |
|---|---|---|---|---|
| Pathstone Holdings, LLC added | 840,046 | $11M | 9.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 817,449 | $11M | 9.2% | 2026-Q2 |
| MORGAN STANLEY added | 700,248 | $10M | 7.9% | 2026-Q2 |
| ROBINSON CAPITAL MANAGEMENT, LLC | 643,727 | $9M | 7.3% | 2026-Q2 |
| UBS Group AG trimmed | 534,335 | $7M | 6.0% | 2026-Q2 |
| Atlas Wealth LLC added | 467,361 | $6M | 5.3% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC added | 432,947 | $6M | 4.9% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 375,956 | $5M | 4.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 351,752 | $5M | 4.0% | 2026-Q2 |
| Karpus Management, Inc. trimmed | 254,285 | $3M | 2.9% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 243,641 | $3M | 2.8% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 220,563 | $3M | 2.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 187,033 | $3M | 2.1% | 2026-Q2 |
| Professional Financial Management, Inc. trimmed | 179,932 | $2M | 2.0% | 2026-Q2 |
| OPPENHEIMER & CO INC trimmed | 178,522 | $2M | 2.0% | 2026-Q2 |
| Gateway Wealth Partners, LLC trimmed | 177,106 | $2M | 2.0% | 2026-Q2 |
| RIVERBRIDGE PARTNERS LLC trimmed | 157,851 | $2M | 1.8% | 2026-Q2 |
| Closed-End Fund Advisors, Inc. trimmed | 135,328 | $2M | 1.5% | 2026-Q2 |
| NewEdge Advisors, LLC added | 112,523 | $2M | 1.3% | 2026-Q2 |
| Noble Wealth Management PBC added | 74,697 | $1M | 0.8% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 66,008 | $900K | 0.7% | 2026-Q2 |
| IFC Advisors LLC added | 66,008 | $900K | 0.7% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 64,275 | $876K | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 55,733 | $760K | 0.6% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 44,404 | $605K | 0.5% | 2026-Q2 |
| Private Advisor Group, LLC added | 43,800 | $597K | 0.5% | 2026-Q2 |
| Carnegie Investment Counsel | 30,000 | $409K | 0.3% | 2026-Q2 |
| PW Nova Financial Services LLC new | 29,558 | $403K | 0.3% | 2026-Q2 |
| River Street Advisors LLC | 28,566 | $389K | 0.3% | 2026-Q2 |
| CHOREO, LLC trimmed | 26,345 | $359K | 0.3% | 2026-Q2 |
| Waverly Advisors, LLC added | 23,009 | $314K | 0.3% | 2026-Q2 |
| Arlington Capital Management, Inc. added | 22,384 | $305K | 0.3% | 2026-Q2 |
| Worth Asset Management, LLC new | 21,831 | $298K | 0.2% | 2026-Q2 |
| LPL Financial LLC | 17,632 | $240K | 0.2% | 2026-Q2 |
| Beacon Pointe Advisors, LLC new | 17,210 | $235K | 0.2% | 2026-Q2 |
| FIFTH THIRD BANCORP | 14,898 | $203K | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 14,461 | $197K | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 13,925 | $190K | 0.2% | 2026-Q2 |
| Arax Advisory Partners new | 12,471 | $170K | 0.1% | 2026-Q2 |
| Caliber Wealth Management, LLC / KS | 12,000 | $164K | 0.1% | 2026-Q2 |
| &PARTNERS | 11,106 | $151K | 0.1% | 2026-Q2 |
| PFG Investments, LLC trimmed | 10,300 | $140K | 0.1% | 2026-Q2 |
| XML Financial, LLC trimmed | 10,000 | $136K | 0.1% | 2026-Q2 |
| Wellspring Financial Advisors, LLC | 10,000 | $136K | 0.1% | 2026-Q2 |
| COMPASS FINANCIAL MANAGEMENT LLC new | 6,011 | $82K | 0.1% | 2026-Q2 |
| EverSource Wealth Advisors, LLC added | 6,000 | $82K | 0.1% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 3,055 | $42K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC added | 2,295 | $31K | 0.0% | 2026-Q2 |
| Pinnacle Wealth Planning Services, Inc. | 963 | $13K | 0.0% | 2026-Q2 |
| PRIVATE TRUST CO NA | 886 | $12K | 0.0% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 879 | $12K | 0.0% | 2026-Q2 |
| HIGHLINE WEALTH PARTNERS LLC | 700 | $10K | 0.0% | 2026-Q2 |
| WPG Advisers, LLC | 266 | $4K | 0.0% | 2026-Q2 |
| XP Advisory US, Inc. new | 35 | $477 | 0.0% | 2026-Q2 |
| Saba Capital Management, L.P. trimmed | 288,116 | $4M | 3.0% | 2026-Q1 stale (1 quarter behind) |
| WEDBUSH SECURITIES INC trimmed | 78,646 | $995K | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Logan Stone Capital, LLC | 67,255 | $851K | 0.7% | 2026-Q1 stale (1 quarter behind) |
| Matisse Capital | 49,190 | $622K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| Mathes Company, Inc. | 34,000 | $430K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| Financially in Tune, LLC | 17,210 | $218K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| TRUIST FINANCIAL CORP | 16,146 | $204K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC trimmed | 15,409 | $195K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| U.S. Capital Wealth Advisors, LLC trimmed | 12,471 | $158K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 3,204 | $41K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| BlackRock, Inc. new | 287 | $4K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| READYSTATE ASSET MANAGEMENT LP added | 27,219 | $345K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| JANE STREET GROUP, LLC added | 18,063 | $229K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| COMERICA BANK added | 13,901 | $176K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. trimmed | 12,063 | $153K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| B. Riley Wealth Advisors, Inc. trimmed | 11,719 | $148K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Janney Montgomery Scott LLC trimmed | 10,350 | $131K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ added | 1,000 | $13K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 860 | $11K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| ABSOLUTE INVESTMENT ADVISERS, LLC trimmed | 280,742 | $4M | 3.0% | 2025-Q3 stale (3 quarters behind) |
| Quarry LP trimmed | 109,961 | $1M | 1.2% | 2025-Q3 stale (3 quarters behind) |
| SteelPeak Wealth, LLC added | 23,000 | $300K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| Plancorp, LLC | 16,812 | $219K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| Corient Private Wealth LLC trimmed | 16,144 | $211K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| Advisory Services Network, LLC new | 1,800 | $23K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Newbridge Financial Services Group, Inc. | 1,000 | $13K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| HRT FINANCIAL LP trimmed | 15,441 | $195K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Hilltop Holdings Inc. added | 12,300 | $155K | 0.1% | 2025-Q2 stale (4 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.