Who owns SHM
Which tracked institutional funds hold SHM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SHM company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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
48 tracked funds added or opened SHM while 60 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
SHM’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% 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 SHM 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 379 tracked filers holding SHM, 154 increased or opened the position and 189 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 SHM 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 6
- Bleakley Financial Group, LLC$4M
- Royal Harbor Partners, LLC$3M
- Global Retirement Partners, LLC$2M
- Veratis Advisors, Inc.$1M
- WBH ADVISORY INC$884K
- IFG Advisory, LLC$548K
Full exits 20
- CX Institutional$53M
- Betterment LLC$15M
- JANE STREET GROUP, LLC$13M
- Cercano Management LLC$10M
- CWM, LLC$4M
- Smithfield Trust Co$3M
Largest adds
- BANK OF AMERICA CORP /DE/$24M
- ENVESTNET ASSET MANAGEMENT INC$24M
- LPL Financial LLC$14M
- GOLDMAN SACHS GROUP INC$13M
- Quent Capital, LLC$7M
- NewEdge Advisors, LLC$7M
Largest trims
- MORGAN STANLEY$16M
- MY Wealth Management Inc.$6M
- MERCER GLOBAL ADVISORS INC /ADV$6M
- PNC Financial Services Group, Inc.$4M
- Karpus Management, Inc.$4M
- Phillip James Consulting Co.$3M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ added | 21,768,088 | $1.0B | 37.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 5,404,372 | $259M | 9.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 3,498,236 | $168M | 5.9% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 3,144,684 | $151M | 5.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 2,389,309 | $115M | 4.1% | 2026-Q2 |
| Quent Capital, LLC added | 2,299,297 | $110M | 3.9% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,970,720 | $95M | 3.3% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 1,648,710 | $79M | 2.8% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 1,415,493 | $68M | 2.4% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 1,357,212 | $65M | 2.3% | 2026-Q2 |
| LPL Financial LLC added | 1,170,165 | $56M | 2.0% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 749,168 | $36M | 1.3% | 2026-Q2 |
| Financial Engines Advisors L.L.C. added | 677,616 | $33M | 1.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 648,479 | $31M | 1.1% | 2026-Q2 |
| Wealthcare Advisory Partners LLC trimmed | 593,505 | $28M | 1.0% | 2026-Q2 |
| Gerber Kawasaki Wealth & Investment Management added | 507,618 | $24M | 0.9% | 2026-Q2 |
| Alaska Wealth Advisors, LLC added | 492,292 | $24M | 0.8% | 2026-Q2 |
| UBS Group AG trimmed | 485,685 | $23M | 0.8% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 361,054 | $17M | 0.6% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 327,015 | $16M | 0.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 280,152 | $13M | 0.5% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 268,727 | $13M | 0.5% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 228,444 | $11M | 0.4% | 2026-Q2 |
| Cetera Investment Advisers added | 205,412 | $10M | 0.3% | 2026-Q2 |
| TD PRIVATE CLIENT WEALTH LLC trimmed | 201,593 | $10M | 0.3% | 2026-Q2 |
| Symmetry Partners, LLC added | 199,906 | $10M | 0.3% | 2026-Q2 |
| Prime Capital Investment Advisors, LLC trimmed | 198,099 | $10M | 0.3% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 197,588 | $9M | 0.3% | 2026-Q2 |
| Waverly Advisors, LLC added | 197,418 | $9M | 0.3% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 193,450 | $9M | 0.3% | 2026-Q2 |
| TruNorth Capital Management, LLC added | 189,285 | $9M | 0.3% | 2026-Q2 |
| UMB Bank, n.a. trimmed | 186,016 | $9M | 0.3% | 2026-Q2 |
| BlackRock, Inc. added | 181,109 | $9M | 0.3% | 2026-Q2 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 166,860 | $8M | 0.3% | 2026-Q2 |
| Allworth Financial LP trimmed | 158,979 | $8M | 0.3% | 2026-Q2 |
| TRUSTMARK BANK TRUST DEPARTMENT added | 149,790 | $7M | 0.3% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 146,608 | $7M | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC added | 139,157 | $7M | 0.2% | 2026-Q2 |
| McAdam, LLC added | 134,384 | $6M | 0.2% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 124,171 | $6M | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 122,519 | $6M | 0.2% | 2026-Q2 |
| Foster Group, Inc. trimmed | 119,145 | $6M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 118,097 | $6M | 0.2% | 2026-Q2 |
| Strategies Wealth Advisors, LLC trimmed | 117,928 | $6M | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 117,339 | $6M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 111,171 | $5M | 0.2% | 2026-Q2 |
| Cerity Partners LLC added | 110,515 | $5M | 0.2% | 2026-Q2 |
| Cullen/Frost Bankers, Inc. added | 109,399 | $5M | 0.2% | 2026-Q2 |
| Orion Porfolio Solutions, LLC trimmed | 104,645 | $5M | 0.2% | 2026-Q2 |
| AUA CAPITAL MANAGEMENT, LLC trimmed | 100,483 | $5M | 0.2% | 2026-Q2 |
| Ackerman Capital Advisors, LLC trimmed | 100,449 | $5M | 0.2% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 98,919 | $5M | 0.2% | 2026-Q2 |
| Focus Partners Wealth trimmed | 98,851 | $5M | 0.2% | 2026-Q2 |
| CHATHAM CAPITAL GROUP, INC. trimmed | 95,375 | $5M | 0.2% | 2026-Q2 |
| ASSETMARK, INC added | 93,901 | $5M | 0.2% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 93,847 | $5M | 0.2% | 2026-Q2 |
| Paulson Wealth Management Inc. trimmed | 90,179 | $4M | 0.2% | 2026-Q2 |
| Apella Capital, LLC added | 88,138 | $4M | 0.1% | 2026-Q2 |
| Brio Consultants, LLC added | 86,254 | $4M | 0.1% | 2026-Q2 |
| Bragg Financial Advisors, Inc added | 80,113 | $4M | 0.1% | 2026-Q2 |
| GAMMA Investing LLC added | 79,121 | $4M | 0.1% | 2026-Q2 |
| Bleakley Financial Group, LLC new | 74,764 | $4M | 0.1% | 2026-Q2 |
| Elequin Capital, LP added | 73,072 | $4M | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 71,329 | $3M | 0.1% | 2026-Q2 |
| JAMES INVESTMENT RESEARCH, INC. | 69,944 | $3M | 0.1% | 2026-Q2 |
| Ameraudi Asset Management, Inc. trimmed | 69,577 | $3M | 0.1% | 2026-Q2 |
| Royal Harbor Partners, LLC new | 68,644 | $3M | 0.1% | 2026-Q2 |
| GenTrust, LLC trimmed | 66,883 | $3M | 0.1% | 2026-Q2 |
| Crestwood Advisors Group, LLC trimmed | 66,577 | $3M | 0.1% | 2026-Q2 |
| RW Investment Management LLC trimmed | 63,821 | $3M | 0.1% | 2026-Q2 |
| Creative Planning added | 62,263 | $3M | 0.1% | 2026-Q2 |
| EAGLE GLOBAL ADVISORS LLC added | 59,333 | $3M | 0.1% | 2026-Q2 |
| Tilson Financial Group, Inc. trimmed | 55,746 | $3M | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 53,870 | $3M | 0.1% | 2026-Q2 |
| Ascent Group, LLC trimmed | 52,529 | $3M | 0.1% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC added | 52,012 | $2M | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 49,793 | $2M | 0.1% | 2026-Q2 |
| OLD NATIONAL BANCORP /IN/ trimmed | 49,556 | $2M | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 48,632 | $2M | 0.1% | 2026-Q2 |
| Charles Schwab Trust Co added | 48,394 | $2M | 0.1% | 2026-Q2 |
| Alaska Permanent Capital Management, LLC added | 48,194 | $2M | 0.1% | 2026-Q2 |
| Dynamic Advisor Solutions LLC added | 48,056 | $2M | 0.1% | 2026-Q2 |
| Leisure Capital Management trimmed | 47,883 | $2M | 0.1% | 2026-Q2 |
| Elmwood Wealth Management, Inc. added | 47,159 | $2M | 0.1% | 2026-Q2 |
| Regal Investment Advisors LLC added | 47,023 | $2M | 0.1% | 2026-Q2 |
| Independent Advisor Alliance trimmed | 46,698 | $2M | 0.1% | 2026-Q2 |
| McNaughton Wealth Management, LLC trimmed | 46,166 | $2M | 0.1% | 2026-Q2 |
| Detalus Advisors, LLC trimmed | 45,737 | $2M | 0.1% | 2026-Q2 |
| ALTFEST L J & CO INC trimmed | 45,484 | $2M | 0.1% | 2026-Q2 |
| Sage Mountain Advisors LLC added | 45,104 | $2M | 0.1% | 2026-Q2 |
| Mariner, LLC trimmed | 44,972 | $2M | 0.1% | 2026-Q2 |
| Precision Wealth Strategies, LLC trimmed | 44,926 | $2M | 0.1% | 2026-Q2 |
| DAVIDSON INVESTMENT ADVISORS trimmed | 43,357 | $2M | 0.1% | 2026-Q2 |
| US BANCORP \DE\ | 42,962 | $2M | 0.1% | 2026-Q2 |
| Boston Standard Wealth Management, LLC trimmed | 42,429 | $2M | 0.1% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 42,090 | $2M | 0.1% | 2026-Q2 |
| Chesley Taft & Associates LLC | 41,922 | $2M | 0.1% | 2026-Q2 |
| ST GERMAIN D J CO INC trimmed | 41,708 | $2M | 0.1% | 2026-Q2 |
| Horizon Family Wealth, Inc. trimmed | 41,058 | $2M | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 40,787 | $2M | 0.1% | 2026-Q2 |
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.