Who owns SH (SH)
Which tracked institutional funds hold SH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SH company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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 SH is one-sided between 2025-Q4 and 2026-Q1: 62 added or opened and 19 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
SH’s largest tracked holder by dollar value, Stack Financial Management, Inc, sizes it at 10.7% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 10.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SH 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 144 tracked filers holding SH, 91 increased or opened the position and 50 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 SH 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 39
- Ryan Investment Management, Inc.$34M
- Robertson Stephens Wealth Management, LLC$23M
- Three Seasons Wealth, LLC$21M
- FOURPATH CAPITAL MANAGEMENT, LLC$18M
- HighTower Advisors, LLC$16M
- Kaydan Wealth Management, Inc.$15M
Full exits 10
- AXXCESS WEALTH MANAGEMENT, LLC$10M
- NewEdge Advisors, LLC$6M
- LEUTHOLD GROUP, LLC$3M
- Hedges Asset Management LLC$2M
- Squarepoint Ops LLC$2M
- Quadrature Capital Ltd$2M
Largest adds
- MORGAN STANLEY$69M
- Stack Financial Management, Inc$55M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$17M
- ENVESTNET ASSET MANAGEMENT INC$3M
- UBS Group AG$3M
- Vontobel Holding Ltd.$3M
Largest trims
- CITADEL ADVISORS LLC$10M
- AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP$1M
- IMC-Chicago, LLC$1M
- BRASADA CAPITAL MANAGEMENT, LP$828K
- AXS Investments LLC$578K
- CITIZENS FINANCIAL GROUP INC/RI$550K
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 |
|---|---|---|---|---|
| Stack Financial Management, Inc added | 3,823,020 | $145M | 17.7% | 2026-Q1 |
| MORGAN STANLEY added | 2,062,923 | $78M | 9.5% | 2026-Q1 |
| Ryan Investment Management, Inc. new | 897,285 | $34M | 4.1% | 2026-Q1 |
| UBS Group AG added | 619,453 | $23M | 2.9% | 2026-Q1 |
| Robertson Stephens Wealth Management, LLC new | 602,863 | $23M | 2.8% | 2026-Q1 |
| Three Seasons Wealth, LLC new | 540,662 | $21M | 2.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 536,239 | $20M | 2.5% | 2026-Q1 |
| Stratos Wealth Advisors, LLC added | 506,568 | $19M | 2.3% | 2026-Q1 |
| FOURPATH CAPITAL MANAGEMENT, LLC new | 464,668 | $18M | 2.1% | 2026-Q1 |
| Focus Partners Wealth added | 415,359 | $16M | 1.9% | 2026-Q1 |
| HighTower Advisors, LLC added | 411,283 | $16M | 1.9% | 2026-Q1 |
| Kaydan Wealth Management, Inc. added | 387,723 | $15M | 1.8% | 2026-Q1 |
| Mirador Capital Partners LP added | 352,756 | $13M | 1.6% | 2026-Q1 |
| Deane Retirement Strategies, Inc. new | 342,365 | $13M | 1.6% | 2026-Q1 |
| FSA WEALTH PARTNERS, INC. new | 316,533 | $12M | 1.5% | 2026-Q1 |
| Arete Wealth Advisors, LLC added | 286,134 | $11M | 1.3% | 2026-Q1 |
| Arkadios Wealth Advisors added | 283,914 | $11M | 1.3% | 2026-Q1 |
| Rothschild Capital Partners, LLC added | 248,968 | $9M | 1.2% | 2026-Q1 |
| MOULTON WEALTH MANAGEMENT, INC new | 202,391 | $8M | 0.9% | 2026-Q1 |
| GUARDIAN WEALTH ADVISORS, LLC / NC added | 195,208 | $7M | 0.9% | 2026-Q1 |
| CPR Investments Inc. trimmed | 192,415 | $7M | 0.9% | 2026-Q1 |
| Axiom Investment Management LLC new | 188,600 | $7M | 0.9% | 2026-Q1 |
| Mariner, LLC added | 176,511 | $7M | 0.8% | 2026-Q1 |
| CHATHAM CAPITAL GROUP, INC. added | 159,965 | $6M | 0.7% | 2026-Q1 |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC trimmed | 156,601 | $6M | 0.7% | 2026-Q1 |
| Synergy Asset Management, LLC new | 154,330 | $6M | 0.7% | 2026-Q1 |
| Tidal Investments LLC added | 152,559 | $6M | 0.7% | 2026-Q1 |
| Cetera Investment Advisers added | 145,868 | $6M | 0.7% | 2026-Q1 |
| Advisory Services Network, LLC added | 140,927 | $5M | 0.7% | 2026-Q1 |
| LPL Financial LLC added | 132,014 | $5M | 0.6% | 2026-Q1 |
| HRT FINANCIAL LP added | 116,125 | $4M | 0.5% | 2026-Q1 |
| Perigon Wealth Management, LLC new | 106,349 | $4M | 0.5% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 101,501 | $4M | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 99,222 | $4M | 0.5% | 2026-Q1 |
| Independent Advisor Alliance new | 92,758 | $4M | 0.4% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 89,183 | $3M | 0.4% | 2026-Q1 |
| Vontobel Holding Ltd. added | 88,324 | $3M | 0.4% | 2026-Q1 |
| Belpointe Asset Management LLC added | 88,034 | $3M | 0.4% | 2026-Q1 |
| Capital Wealth Planning, LLC added | 85,885 | $3M | 0.4% | 2026-Q1 |
| Reyes Financial Architecture, Inc. added | 85,743 | $3M | 0.4% | 2026-Q1 |
| Mowery & Schoenfeld Wealth Management, LLC new | 78,449 | $3M | 0.4% | 2026-Q1 |
| Jump Financial, LLC added | 74,732 | $3M | 0.3% | 2026-Q1 |
| Canal Capital Management, LLC new | 69,437 | $3M | 0.3% | 2026-Q1 |
| Verity Asset Management, Inc. added | 63,061 | $2M | 0.3% | 2026-Q1 |
| SEI INVESTMENTS CO added | 62,374 | $2M | 0.3% | 2026-Q1 |
| Clear Creek Financial Management, LLC added | 62,331 | $2M | 0.3% | 2026-Q1 |
| J. Safra Sarasin Holding AG added | 60,510 | $2M | 0.3% | 2026-Q1 |
| Corient Private Wealth LLC new | 70,922 | $2M | 0.3% | 2026-Q1 |
| Commonwealth Financial Services, LLC | 57,642 | $2M | 0.3% | 2026-Q1 |
| Per Stirling Capital Management, LLC. trimmed | 56,416 | $2M | 0.3% | 2026-Q1 |
| Lattice Capital Management, LLC | 55,000 | $2M | 0.3% | 2026-Q1 |
| Virtue Capital Management, LLC added | 51,729 | $2M | 0.2% | 2026-Q1 |
| Legacy Capital Wealth Partners, LLC new | 47,897 | $2M | 0.2% | 2026-Q1 |
| OPPENHEIMER & CO INC added | 46,049 | $2M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 44,452 | $2M | 0.2% | 2026-Q1 |
| B. Riley Wealth Advisors, Inc. trimmed | 40,624 | $2M | 0.2% | 2026-Q1 |
| Vigilare Wealth Management trimmed | 41,784 | $2M | 0.2% | 2026-Q1 |
| AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP trimmed | 37,628 | $1M | 0.2% | 2026-Q1 |
| AXS Investments LLC trimmed | 37,000 | $1M | 0.2% | 2026-Q1 |
| Tower Research Capital LLC (TRC) trimmed | 36,211 | $1M | 0.2% | 2026-Q1 |
| Ballew Advisors, Inc added | 35,007 | $1M | 0.2% | 2026-Q1 |
| Lionsbridge Wealth Management LLC added | 31,109 | $1M | 0.1% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 29,658 | $1M | 0.1% | 2026-Q1 |
| Integrated Advisors Network LLC added | 28,392 | $1M | 0.1% | 2026-Q1 |
| CIBC WORLD MARKET INC. trimmed | 26,522 | $1M | 0.1% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 26,400 | $1M | 0.1% | 2026-Q1 |
| BRASADA CAPITAL MANAGEMENT, LP trimmed | 26,653 | $998K | 0.1% | 2026-Q1 |
| IMC-Chicago, LLC trimmed | 25,174 | $955K | 0.1% | 2026-Q1 |
| Edge Wealth Management LLC new | 23,000 | $872K | 0.1% | 2026-Q1 |
| Aviance Capital Partners, LLC added | 21,500 | $815K | 0.1% | 2026-Q1 |
| Sugar Maple Asset Management, LLC trimmed | 21,337 | $809K | 0.1% | 2026-Q1 |
| CARY STREET PARTNERS FINANCIAL LLC | 20,027 | $760K | 0.1% | 2026-Q1 |
| BLAIR WILLIAM & CO/IL added | 19,613 | $744K | 0.1% | 2026-Q1 |
| SYKON CAPITAL LLC new | 500,494 | $22M | 2.7% | 2025-Q1 stale |
| Revere Asset Management, Inc new | 406,795 | $18M | 2.2% | 2025-Q1 stale |
| Arlington Capital Management, Inc. new | 331,634 | $12M | 1.5% | 2025-Q3 stale |
| Robinson Value Management, Ltd. new | 238,521 | $11M | 1.3% | 2025-Q1 stale |
| AXXCESS WEALTH MANAGEMENT, LLC added | 284,174 | $10M | 1.2% | 2025-Q4 stale |
| FIRST NATIONAL CORP /MA/ /ADV trimmed | 267,087 | $10M | 1.2% | 2025-Q3 stale |
| STABLEFORD CAPITAL II LLC added | 181,794 | $8M | 1.0% | 2025-Q1 stale |
| Wealth Quarterback LLC added | 213,358 | $8M | 1.0% | 2025-Q3 stale |
| AVANTAX ADVISORY SERVICES, INC. new | 171,617 | $8M | 0.9% | 2025-Q1 stale |
| BOOTHBAY FUND MANAGEMENT, LLC new | 165,707 | $6M | 0.7% | 2025-Q3 stale |
| NewEdge Advisors, LLC added | 168,266 | $6M | 0.7% | 2025-Q4 stale |
| WHITTIER TRUST CO new | 132,000 | $5M | 0.6% | 2025-Q3 stale |
| STERLING INVESTMENT MANAGEMENT, LLC trimmed | 100,192 | $4M | 0.5% | 2025-Q3 stale |
| Hilton Capital Management, LLC new | 86,960 | $3M | 0.4% | 2025-Q2 stale |
| Wakefield Asset Management LLLP added | 77,724 | $3M | 0.4% | 2025-Q2 stale |
| LEUTHOLD GROUP, LLC new | 77,821 | $3M | 0.3% | 2025-Q4 stale |
| Financial Sense Advisors, Inc. new | 62,894 | $3M | 0.3% | 2025-Q1 stale |
| Hedges Asset Management LLC new | 69,000 | $2M | 0.3% | 2025-Q4 stale |
| Cresset Asset Management, LLC | 50,000 | $2M | 0.3% | 2025-Q1 stale |
| Squarepoint Ops LLC added | 61,046 | $2M | 0.3% | 2025-Q4 stale |
| Summit Trail Advisors, LLC new | 44,700 | $2M | 0.2% | 2025-Q1 stale |
| Client First Investment Management LLC new | 49,427 | $2M | 0.2% | 2025-Q3 stale |
| ABBINGTON INVESTMENT GROUP new | 47,211 | $2M | 0.2% | 2025-Q3 stale |
| ARCADIA INVESTMENT MANAGEMENT CORP/MI added | 45,960 | $2M | 0.2% | 2025-Q3 stale |
| Quadrature Capital Ltd trimmed | 46,086 | $2M | 0.2% | 2025-Q4 stale |
| U.S. Capital Wealth Advisors, LLC trimmed | 26,654 | $985K | 0.1% | 2025-Q3 stale |
| FLOW TRADERS U.S. LLC trimmed | 20,892 | $753K | 0.1% | 2025-Q4 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.