Who owns SBC Medical Group Holdings (SBC)
Which tracked institutional funds hold SBC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SBC company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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
2 tracked funds added or opened SBC while 2 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
SBC’s largest tracked holder by dollar value, Decagon Asset Management LLP, sizes it at 25.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 25.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SBC 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 73 tracked filers holding SBC, 46 increased or opened the position and 14 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 SBC 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 1
- Decagon Asset Management LLP$260M
Largest adds
- Lumbard & Kellner, LLC$5M
- BlackRock, Inc.$1M
Largest trims
- Context Capital Management, LLC$57M
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 |
|---|---|---|---|---|
| Lumbard & Kellner, LLC added | 1,727,208 | $5M | 1.7% | 2026-Q2 |
| BlackRock, Inc. added | 924,002 | $3M | 0.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 427,864 | $1M | 0.4% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 178,929 | $551K | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 144,718 | $446K | 0.1% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 135,783 | $418K | 0.1% | 2026-Q2 |
| NORTHERN TRUST CORP added | 131,204 | $404K | 0.1% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 128,295 | $395K | 0.1% | 2026-Q2 |
| Hillsdale Investment Management Inc. new | 124,800 | $384K | 0.1% | 2026-Q2 |
| SEGALL BRYANT & HAMILL, LLC | 81,307 | $250K | 0.1% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 66,281 | $204K | 0.1% | 2026-Q2 |
| SBI Securities Co., Ltd. added | 49,437 | $152K | 0.0% | 2026-Q2 |
| STATE STREET CORP added | 49,239 | $152K | 0.0% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 46,855 | $144K | 0.0% | 2026-Q2 |
| ARISTEIA CAPITAL, L.L.C. | 530,169 | $135K | 0.0% | 2026-Q2 |
| Polar Asset Management Partners Inc. trimmed | 434,750 | $111K | 0.0% | 2026-Q2 |
| Mariner, LLC added | 33,747 | $104K | 0.0% | 2026-Q2 |
| Bank of New York Mellon Corp added | 26,991 | $83K | 0.0% | 2026-Q2 |
| Nuveen, LLC added | 25,381 | $78K | 0.0% | 2026-Q2 |
| MMCAP International Inc. SPC | 330,000 | $76K | 0.0% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 24,098 | $74K | 0.0% | 2026-Q2 |
| Central Pacific Bank - Trust Division new | 24,000 | $74K | 0.0% | 2026-Q2 |
| TWO SIGMA SECURITIES, LLC new | 21,487 | $66K | 0.0% | 2026-Q2 |
| Weiss Asset Management LP | 229,192 | $58K | 0.0% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 18,783 | $58K | 0.0% | 2026-Q2 |
| Williams & Novak, LLC added | 18,686 | $58K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 17,000 | $52K | 0.0% | 2026-Q2 |
| Saba Capital Management, L.P. | 200,000 | $51K | 0.0% | 2026-Q2 |
| Cable Car Capital, LP | 196,000 | $50K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 16,118 | $50K | 0.0% | 2026-Q2 |
| Context Capital Management, LLC | 208,389 | $48K | 0.0% | 2026-Q2 |
| Yakira Capital Management, Inc. | 207,025 | $48K | 0.0% | 2026-Q2 |
| Clear Street Group Inc. | 199,865 | $46K | 0.0% | 2026-Q2 |
| D. E. Shaw & Co., Inc. | 172,500 | $40K | 0.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 11,417 | $35K | 0.0% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ new | 11,138 | $35K | 0.0% | 2026-Q2 |
| Caption Management, LLC | 150,000 | $34K | 0.0% | 2026-Q2 |
| FMR LLC added | 10,779 | $33K | 0.0% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 10,731 | $33K | 0.0% | 2026-Q2 |
| Abel Hall, LLC new | 10,607 | $33K | 0.0% | 2026-Q2 |
| MORGAN STANLEY added | 10,347 | $32K | 0.0% | 2026-Q2 |
| CITIGROUP INC added | 8,930 | $28K | 0.0% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 8,861 | $27K | 0.0% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 8,557 | $26K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 8,151 | $26K | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 5,368 | $17K | 0.0% | 2026-Q2 |
| NISA INVESTMENT ADVISORS, LLC new | 5,000 | $15K | 0.0% | 2026-Q2 |
| UBS Group AG added | 4,917 | $15K | 0.0% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 4,329 | $13K | 0.0% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC added | 55,872 | $13K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 3,901 | $12K | 0.0% | 2026-Q2 |
| TORONTO DOMINION BANK | 50,800 | $12K | 0.0% | 2026-Q2 |
| BARCLAYS PLC added | 3,699 | $11K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 2,826 | $9K | 0.0% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 37,894 | $9K | 0.0% | 2026-Q2 |
| WHITEBOX ADVISORS LLC | 35,000 | $8K | 0.0% | 2026-Q2 |
| Legal & General Group Plc added | 2,086 | $6K | 0.0% | 2026-Q2 |
| Ameritas Investment Partners, Inc. | 577 | $2K | 0.0% | 2026-Q2 |
| Sterling Capital Management LLC trimmed | 350 | $1K | 0.0% | 2026-Q2 |
| Arax Advisory Partners added | 187 | $576 | 0.0% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 158 | $487 | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 104 | $321 | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC added | 51 | $156 | 0.0% | 2026-Q2 |
| Allworth Financial LP added | 44 | $136 | 0.0% | 2026-Q2 |
| Essential Partners LLC trimmed | 26 | $80 | 0.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 25 | $77 | 0.0% | 2026-Q2 |
| ROTHSCHILD INVESTMENT LLC added | 11 | $34 | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 8 | $25 | 0.0% | 2026-Q2 |
| Transamerica Financial Advisors, LLC trimmed | 8 | $24 | 0.0% | 2026-Q2 |
| SJS Investment Consulting Inc. new | 5 | $16 | 0.0% | 2026-Q2 |
| True Wealth Design, LLC trimmed | 4 | $13 | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd new | 4 | $12 | 0.0% | 2026-Q2 |
| IFP Advisors, Inc added | 2 | $6 | 0.0% | 2026-Q2 |
| Decagon Asset Management LLP trimmed | 944,992 | $260M | 82.4% | 2026-Q1 stale (1 quarter behind) |
| GOLDMAN SACHS GROUP INC added | 25,087 | $105K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Ionic Capital Management LLC new | 100,000 | $30K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Shaolin Capital Management LLC trimmed | 50,000 | $14K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC added | 738 | $3K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| GAMMA Investing LLC added | 387 | $2K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Root Financial Partners, LLC new | 9 | $38 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Sunbelt Securities, Inc. added | 2 | $8 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| MAI Capital Management new | 1 | $5 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| VANGUARD GROUP INC added | 269,582 | $1M | 0.4% | 2025-Q4 stale (2 quarters behind) |
| AMALGAMATED BANK added | 354 | $2K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| ATW SPAC MANAGEMENT LLC | 180,629 | $39M | 12.4% | 2025-Q3 stale (3 quarters behind) |
| MILLENNIUM MANAGEMENT LLC new | 50,461 | $219K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Engineers Gate Manager LP new | 11,661 | $51K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Private Wealth Asset Management, LLC new | 2,000 | $9K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Clearstead Advisors, LLC new | 119 | $517 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| PRINCIPAL SECURITIES, INC. new | 33 | $143 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| XTX Topco Ltd new | 13,713 | $64K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
1 parent filing withheld from the table above, and from the coverage figures, to avoid listing one book twice: CLEAR STREET LLC (last filed 2025-Q2, 198,587 shares) reconciles to its 1 current affiliate (199,865 shares) — 0.644% apart.
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.