Who owns SEPZ
Which tracked institutional funds hold SEPZ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SEPZ company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 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 SEPZ is one-sided between 2026-Q1 and 2026-Q2: 10 added or opened and 3 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
SEPZ’s largest tracked holder by dollar value, AE Wealth Management LLC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SEPZ 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 39 tracked filers holding SEPZ, 15 increased or opened the position and 22 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 SEPZ 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 4
- ENVESTNET ASSET MANAGEMENT INC$999K
- Richmond Brothers, Inc.$898K
- TOUNJIAN ADVISORY PARTNERS, LLC$764K
- IFG Advisory, LLC$502K
Largest adds
- TrueMark Investments, LLC$13M
- Lloyd Advisory Services, LLC.$7M
- AE Wealth Management LLC$1M
- FWG Investments, LLC.$346K
- OSAIC HOLDINGS, INC.$314K
- Weaver Consulting Group$309K
Largest trims
- POM Investment Strategies, LLC$570K
- SMART Wealth LLC$385K
- Wellment Financial$313K
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 |
|---|---|---|---|---|
| AE Wealth Management LLC trimmed | 947,953 | $43M | 42.6% | 2026-Q2 |
| TrueMark Investments, LLC added | 497,728 | $23M | 22.3% | 2026-Q2 |
| Lloyd Advisory Services, LLC. added | 162,192 | $7M | 7.3% | 2026-Q2 |
| Weaver Consulting Group trimmed | 68,984 | $3M | 3.1% | 2026-Q2 |
| Valtinson Bruner Financial Planning LLC trimmed | 50,875 | $2M | 2.3% | 2026-Q2 |
| Elevated Capital Advisors, LLC trimmed | 49,069 | $2M | 2.2% | 2026-Q2 |
| B.O.S.S. Retirement Advisors, LLC trimmed | 45,145 | $2M | 2.0% | 2026-Q2 |
| HOWARD BAILEY SECURITIES, LLC trimmed | 42,384 | $2M | 1.9% | 2026-Q2 |
| FWG Investments, LLC. added | 37,751 | $2M | 1.7% | 2026-Q2 |
| Wellment Financial trimmed | 35,513 | $2M | 1.6% | 2026-Q2 |
| SMART Wealth LLC trimmed | 34,096 | $2M | 1.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC new | 21,975 | $999K | 1.0% | 2026-Q2 |
| Great Lakes Retirement, Inc. trimmed | 20,790 | $945K | 0.9% | 2026-Q2 |
| Richmond Brothers, Inc. new | 19,763 | $898K | 0.9% | 2026-Q2 |
| Integrated Wealth Management trimmed | 19,639 | $892K | 0.9% | 2026-Q2 |
| Centennial Advisors, LLC trimmed | 17,938 | $815K | 0.8% | 2026-Q2 |
| TOUNJIAN ADVISORY PARTNERS, LLC new | 16,816 | $764K | 0.8% | 2026-Q2 |
| LifeWealth Investments, LLC trimmed | 16,088 | $731K | 0.7% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 13,874 | $631K | 0.6% | 2026-Q2 |
| FSA Advisors, Inc. trimmed | 12,378 | $562K | 0.6% | 2026-Q2 |
| IFG Advisory, LLC new | 11,043 | $502K | 0.5% | 2026-Q2 |
| Quest 10 Wealth Builders, Inc. trimmed | 10,489 | $477K | 0.5% | 2026-Q2 |
| OLD MISSION CAPITAL LLC added | 8,845 | $402K | 0.4% | 2026-Q2 |
| Kingdom Financial Group LLC. trimmed | 8,602 | $391K | 0.4% | 2026-Q2 |
| Capital Investment Advisory Services, LLC | 7,842 | $356K | 0.4% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 7,345 | $334K | 0.3% | 2026-Q2 |
| Csenge Advisory Group trimmed | 6,996 | $318K | 0.3% | 2026-Q2 |
| Montgomery Financial Services LLC new | 5,256 | $239K | 0.2% | 2026-Q2 |
| Networth Advisors, LLC trimmed | 2,420 | $110K | 0.1% | 2026-Q2 |
| DHJJ Financial Advisors, Ltd. | 1,847 | $84K | 0.1% | 2026-Q2 |
| Arax Advisory Partners | 1,678 | $76K | 0.1% | 2026-Q2 |
| Mosley Wealth Management added | 1,546 | $70K | 0.1% | 2026-Q2 |
| Decker Retirement Planning Inc. added | 1,148 | $52K | 0.1% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 700 | $32K | 0.0% | 2026-Q2 |
| Key Capital Management, INC trimmed | 464 | $21K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 84 | $4K | 0.0% | 2026-Q2 |
| CoreCap Advisors, LLC new | 51 | $2K | 0.0% | 2026-Q2 |
| ASSETMARK, INC | 43 | $2K | 0.0% | 2026-Q2 |
| POM Investment Strategies, LLC trimmed | 37 | $2K | 0.0% | 2026-Q2 |
| Outlook Wealth Advisors, LLC trimmed | 8,380 | $340K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| US BANCORP \DE\ new | 31 | $1K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Principia Wealth Advisory, LLC | 1,223 | $52K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Kestra Advisory Services, LLC new | 1,069 | $45K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| UBS Group AG new | 114 | $5K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| WOLVERINE TRADING, LLC new | 11,076 | $468K | 0.5% | 2025-Q3 stale (3 quarters behind) |
| Richard W. Paul & Associates, LLC new | 87 | $4K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Pineridge Advisors LLC new | 31 | $1K | 0.0% | 2025-Q3 stale (3 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.