Who owns SDHC
Which tracked institutional funds hold SDHC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SDHC company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-15). 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
6 tracked funds added or opened SDHC while 15 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
SDHC’s largest tracked holder by dollar value, Conifer Management, L.L.C., sizes it at 3.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SDHC 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 58 tracked filers holding SDHC, 36 increased or opened the position and 25 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 SDHC 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 5
- VANGUARD CAPITAL MANAGEMENT LLC$5M
- MARSHALL WACE, LLP$1M
- JANE STREET GROUP, LLC$1M
- VANGUARD FIDUCIARY TRUST CO$687K
- CITADEL ADVISORS LLC$676K
Full exits 1
- VANGUARD GROUP INC$8M
Largest adds
- D. E. Shaw & Co., Inc.$446K
Largest trims
- WASATCH ADVISORS LP$13M
- WELLINGTON MANAGEMENT GROUP LLP$11M
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC$7M
- Conifer Management, L.L.C.$6M
- FEDERATED HERMES, INC.$6M
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/$4M
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 |
|---|---|---|---|---|
| Conifer Management, L.L.C. | 1,433,350 | $18M | 12.4% | 2026-Q1 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC trimmed | 1,341,221 | $17M | 11.6% | 2026-Q1 |
| BECK MACK & OLIVER LLC added | 850,593 | $11M | 7.3% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 678,749 | $9M | 5.9% | 2026-Q1 |
| WASATCH ADVISORS LP trimmed | 586,755 | $8M | 5.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 396,765 | $5M | 3.4% | 2026-Q1 |
| First Eagle Investment Management, LLC added | 384,774 | $5M | 3.3% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 322,166 | $4M | 2.8% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 258,900 | $3M | 2.2% | 2026-Q1 |
| GILDER GAGNON HOWE & CO LLC trimmed | 182,700 | $2M | 1.6% | 2026-Q1 |
| BlackRock, Inc. added | 159,632 | $2M | 1.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 125,384 | $2M | 1.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 108,496 | $1M | 0.9% | 2026-Q1 |
| MARSHALL WACE, LLP added | 86,129 | $1M | 0.7% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 82,176 | $1M | 0.7% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 78,426 | $1M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 53,680 | $687K | 0.5% | 2026-Q1 |
| SEI INVESTMENTS CO trimmed | 53,068 | $679K | 0.5% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 52,799 | $676K | 0.5% | 2026-Q1 |
| UBS Group AG trimmed | 48,269 | $618K | 0.4% | 2026-Q1 |
| STATE STREET CORP added | 43,112 | $552K | 0.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 30,684 | $393K | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 31,559 | $384K | 0.3% | 2026-Q1 |
| Quent Capital, LLC added | 30,000 | $384K | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 29,053 | $372K | 0.3% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP new | 25,299 | $324K | 0.2% | 2026-Q1 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY trimmed | 25,006 | $320K | 0.2% | 2026-Q1 |
| Daiwa Securities Group Inc. trimmed | 24,264 | $311K | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 23,212 | $297K | 0.2% | 2026-Q1 |
| FULLER & THALER ASSET MANAGEMENT, INC. added | 22,295 | $285K | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP new | 21,042 | $269K | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP | 17,646 | $226K | 0.2% | 2026-Q1 |
| Trexquant Investment LP trimmed | 15,848 | $203K | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 15,740 | $201K | 0.1% | 2026-Q1 |
| AXQ CAPITAL, LP new | 15,437 | $198K | 0.1% | 2026-Q1 |
| Ruane, Cunniff & Goldfarb L.P. added | 14,490 | $185K | 0.1% | 2026-Q1 |
| VARCOV Co. added | 14,258 | $183K | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC new | 13,312 | $168K | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 12,300 | $158K | 0.1% | 2026-Q1 |
| MORGAN STANLEY trimmed | 10,308 | $132K | 0.1% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 9,178 | $117K | 0.1% | 2026-Q1 |
| BARCLAYS PLC new | 4,105 | $53K | 0.0% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 4,000 | $51K | 0.0% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 3,934 | $50K | 0.0% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 3,665 | $47K | 0.0% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 538 | $7K | 0.0% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 330 | $4K | 0.0% | 2026-Q1 |
| FMR LLC trimmed | 301 | $4K | 0.0% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP | 250 | $3K | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC trimmed | 149 | $2K | 0.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 135 | $2K | 0.0% | 2026-Q1 |
| WOLFF WIESE MAGANA LLC | 90 | $1K | 0.0% | 2026-Q1 |
| CWM, LLC trimmed | 11 | $141 | 0.0% | 2026-Q1 |
| Rachor Investment Advisory Services, LLC | 4 | $52 | 0.0% | 2026-Q1 |
| Caitong International Asset Management Co., Ltd trimmed | 1 | $13 | 0.0% | 2026-Q1 |
| Kingdom Financial Group LLC. | 1 | $9 | 0.0% | 2026-Q1 |
| Lloyd Advisory Services, LLC. new | 1 | $9 | 0.0% | 2026-Q1 |
| Capital Advisors, Ltd. LLC new | 4 | — | 0.0% | 2026-Q1 |
| Artisan Partners Limited Partnership trimmed | 798,263 | $16M | 10.5% | 2025-Q1 stale |
| 12 West Capital Management LP trimmed | 535,140 | $9M | 6.4% | 2025-Q3 stale |
| VANGUARD GROUP INC added | 452,631 | $8M | 5.1% | 2025-Q4 stale |
| THORNBURG INVESTMENT MANAGEMENT INC trimmed | 224,457 | $4M | 2.9% | 2025-Q2 stale |
| NEW YORK STATE COMMON RETIREMENT FUND added | 185,119 | $4M | 2.4% | 2025-Q1 stale |
| Ghisallo Capital Management LLC | 50,000 | $883K | 0.6% | 2025-Q3 stale |
| TOWNSQUARE CAPITAL LLC trimmed | 39,213 | $765K | 0.5% | 2025-Q1 stale |
| Covey Capital Advisors, LLC new | 36,300 | $705K | 0.5% | 2025-Q2 stale |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 35,300 | $689K | 0.5% | 2025-Q1 stale |
| PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. trimmed | 33,562 | $655K | 0.4% | 2025-Q1 stale |
| FIRST TRUST ADVISORS LP added | 29,025 | $564K | 0.4% | 2025-Q2 stale |
| Corton Capital Inc. added | 20,752 | $403K | 0.3% | 2025-Q2 stale |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 20,009 | $391K | 0.3% | 2025-Q1 stale |
| MILLENNIUM MANAGEMENT LLC trimmed | 22,023 | $389K | 0.3% | 2025-Q3 stale |
| VICTORY CAPITAL MANAGEMENT INC added | 21,777 | $365K | 0.2% | 2025-Q4 stale |
| PEREGRINE CAPITAL MANAGEMENT LLC | 20,288 | $358K | 0.2% | 2025-Q3 stale |
| COHEN & STEERS, INC. new | 15,000 | $293K | 0.2% | 2025-Q1 stale |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 14,389 | $279K | 0.2% | 2025-Q2 stale |
| PDT Partners, LLC added | 13,988 | $273K | 0.2% | 2025-Q1 stale |
| NEUBERGER BERMAN GROUP LLC trimmed | 13,110 | $232K | 0.2% | 2025-Q3 stale |
| AZZAD ASSET MANAGEMENT INC /ADV added | 11,892 | $231K | 0.2% | 2025-Q2 stale |
| Bank of New York Mellon Corp trimmed | 12,968 | $229K | 0.2% | 2025-Q3 stale |
| XTX Topco Ltd added | 12,177 | $215K | 0.1% | 2025-Q3 stale |
| Inspire Advisors, LLC new | 12,111 | $214K | 0.1% | 2025-Q3 stale |
| M&T Bank Corp | 11,001 | $213K | 0.1% | 2025-Q2 stale |
| GSA CAPITAL PARTNERS LLP new | 10,644 | $188K | 0.1% | 2025-Q3 stale |
| BANK OF AMERICA CORP /DE/ added | 2,809 | $47K | 0.0% | 2025-Q4 stale |
| RAYMOND JAMES FINANCIAL INC new | 1,743 | $34K | 0.0% | 2025-Q2 stale |
| AlphaQuest LLC trimmed | 631 | $11K | 0.0% | 2025-Q4 stale |
| First Horizon Advisors, Inc. | 405 | $8K | 0.0% | 2025-Q2 stale |
| COMERICA BANK | 430 | $8K | 0.0% | 2025-Q3 stale |
| CITIGROUP INC new | 415 | $7K | 0.0% | 2025-Q4 stale |
| Fortitude Family Office, LLC | 229 | $4K | 0.0% | 2025-Q3 stale |
| Aster Capital Management (DIFC) Ltd new | 151 | $3K | 0.0% | 2025-Q4 stale |
| Brooklyn Investment Group new | 51 | $996 | 0.0% | 2025-Q1 stale |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 27 | $524 | 0.0% | 2025-Q2 stale |
| Rise Advisors, LLC new | 26 | $505 | 0.0% | 2025-Q2 stale |
| OPTIMA CAPITAL LLC new | 28 | $470 | 0.0% | 2025-Q4 stale |
| MJT & Associates Financial Advisory Group, Inc. | 15 | $292 | 0.0% | 2025-Q2 stale |
| Transamerica Financial Advisors, LLC new | 4 | $67 | 0.0% | 2025-Q4 stale |
| Arax Advisory Partners new | 2 | $34 | 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.