Who owns SMB
Which tracked institutional funds hold SMB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SMB 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
14 tracked funds added or opened SMB while 13 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
SMB’s largest tracked holder by dollar value, Allworth Financial LP, 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 SMB 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 101 tracked filers holding SMB, 48 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 SMB 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
- NICOLET BANKSHARES INC$4M
- Janney Montgomery Scott LLC$3M
- FIFTH THIRD BANCORP$802K
- Mariner, LLC$508K
- FLOW TRADERS U.S. LLC$508K
Full exits 5
- MY Wealth Management Inc.$4M
- MIdWestOne Financial Group, Inc.$4M
- Janney Capital Management LLC$3M
- FAS Wealth Partners, Inc.$833K
- COMERICA BANK$772K
Largest adds
- Allworth Financial LP$3M
- MORGAN STANLEY$2M
- RAYMOND JAMES FINANCIAL INC$2M
- JPMORGAN CHASE & CO$1M
- UBS Group AG$657K
- Integrated Wealth Concepts LLC$449K
Largest trims
- BANK OF AMERICA CORP /DE/$8M
- Composition Wealth, LLC$4M
- OSAIC HOLDINGS, INC.$2M
- LPL Financial LLC$1M
- MML INVESTORS SERVICES, LLC$626K
- Valeo Financial Advisors, LLC$369K
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 |
|---|---|---|---|---|
| Allworth Financial LP added | 2,375,010 | $41M | 16.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,609,451 | $28M | 11.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,042,598 | $18M | 7.3% | 2026-Q1 |
| MORGAN STANLEY added | 833,423 | $14M | 5.8% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 634,847 | $11M | 4.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 569,655 | $10M | 4.0% | 2026-Q1 |
| LPL Financial LLC trimmed | 556,678 | $10M | 3.9% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 434,429 | $8M | 3.0% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 371,430 | $6M | 2.6% | 2026-Q1 |
| UBS Group AG added | 332,011 | $6M | 2.3% | 2026-Q1 |
| Savant Capital, LLC trimmed | 318,739 | $6M | 2.2% | 2026-Q1 |
| SEI INVESTMENTS CO trimmed | 294,606 | $5M | 2.1% | 2026-Q1 |
| Cerity Partners LLC trimmed | 232,915 | $4M | 1.6% | 2026-Q1 |
| CONDOR CAPITAL MANAGEMENT added | 227,866 | $4M | 1.6% | 2026-Q1 |
| NICOLET BANKSHARES INC new | 208,000 | $4M | 1.5% | 2026-Q1 |
| Willis Johnson & Associates, Inc. trimmed | 206,652 | $4M | 1.4% | 2026-Q1 |
| IMPACTfolio, LLC added | 172,924 | $3M | 1.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 145,836 | $3M | 1.0% | 2026-Q1 |
| Valeo Financial Advisors, LLC trimmed | 136,672 | $2M | 1.0% | 2026-Q1 |
| Gradient Investments LLC added | 135,058 | $2M | 0.9% | 2026-Q1 |
| Sanctuary Advisors, LLC trimmed | 103,928 | $2M | 0.7% | 2026-Q1 |
| Prosperity Consulting Group, LLC trimmed | 103,159 | $2M | 0.7% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 88,481 | $2M | 0.6% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 84,500 | $1M | 0.6% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 78,523 | $1M | 0.5% | 2026-Q1 |
| Westside Investment Management, Inc. added | 73,843 | $1M | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 66,408 | $1M | 0.5% | 2026-Q1 |
| BARTLETT & CO. WEALTH MANAGEMENT LLC trimmed | 54,863 | $948K | 0.4% | 2026-Q1 |
| Cetera Investment Advisers added | 51,920 | $898K | 0.4% | 2026-Q1 |
| Ameritas Investment Partners, Inc. added | 46,809 | $810K | 0.3% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 46,386 | $802K | 0.3% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 44,477 | $769K | 0.3% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 44,079 | $763K | 0.3% | 2026-Q1 |
| Ascent Group, LLC trimmed | 42,990 | $744K | 0.3% | 2026-Q1 |
| Beacon Pointe Advisors, LLC trimmed | 41,341 | $715K | 0.3% | 2026-Q1 |
| Composition Wealth, LLC trimmed | 38,551 | $667K | 0.3% | 2026-Q1 |
| Merit Financial Group, LLC added | 36,828 | $637K | 0.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 36,658 | $634K | 0.3% | 2026-Q1 |
| J.W. COLE ADVISORS, INC. added | 36,346 | $629K | 0.3% | 2026-Q1 |
| Arkadios Wealth Advisors added | 35,566 | $615K | 0.2% | 2026-Q1 |
| PRIVATE TRUST CO NA trimmed | 32,060 | $555K | 0.2% | 2026-Q1 |
| Stronghold Wealth Management L.L.C. added | 30,239 | $523K | 0.2% | 2026-Q1 |
| Mariner, LLC added | 29,371 | $508K | 0.2% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 29,384 | $508K | 0.2% | 2026-Q1 |
| ORBA Wealth Advisors, L.L.C. added | 28,752 | $497K | 0.2% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. trimmed | 26,479 | $458K | 0.2% | 2026-Q1 |
| Diversified Portfolios, Inc. trimmed | 25,476 | $441K | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 23,508 | $407K | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 22,010 | $381K | 0.2% | 2026-Q1 |
| LIBERTY SQUARE WEALTH PARTNERS LLC trimmed | 21,762 | $376K | 0.2% | 2026-Q1 |
| Tower Research Capital LLC (TRC) new | 21,073 | $365K | 0.1% | 2026-Q1 |
| JUNCTURE WEALTH STRATEGIES, LLC trimmed | 20,463 | $354K | 0.1% | 2026-Q1 |
| Capital Asset Advisory Services LLC | 19,400 | $336K | 0.1% | 2026-Q1 |
| One Capital Management, LLC trimmed | 18,463 | $319K | 0.1% | 2026-Q1 |
| NewEdge Advisors, LLC new | 21,608 | $309K | 0.1% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 17,002 | $294K | 0.1% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 16,071 | $278K | 0.1% | 2026-Q1 |
| WealthShield Partners, LLC | 15,813 | $273K | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 15,551 | $269K | 0.1% | 2026-Q1 |
| Detalus Advisors, LLC trimmed | 14,234 | $246K | 0.1% | 2026-Q1 |
| PRIVATE CLIENT SERVICES, LLC new | 14,132 | $244K | 0.1% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 14,009 | $242K | 0.1% | 2026-Q1 |
| BOSTON FAMILY OFFICE LLC | 13,896 | $240K | 0.1% | 2026-Q1 |
| Strategic Financial Concepts, LLC added | 13,843 | $239K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 13,430 | $233K | 0.1% | 2026-Q1 |
| KAVAR CAPITAL PARTNERS GROUP, LLC | 12,500 | $216K | 0.1% | 2026-Q1 |
| PFG Investments, LLC added | 12,455 | $215K | 0.1% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 12,056 | $209K | 0.1% | 2026-Q1 |
| VICUS CAPITAL trimmed | 11,885 | $206K | 0.1% | 2026-Q1 |
| M Holdings Securities, Inc. trimmed | 11,854 | $205K | 0.1% | 2026-Q1 |
| Trilogy Capital Inc. | 11,600 | $201K | 0.1% | 2026-Q1 |
| Berger Financial Group, Inc | 11,048 | $191K | 0.1% | 2026-Q1 |
| CWM, LLC added | 10,581 | $183K | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 10,469 | $181K | 0.1% | 2026-Q1 |
| LaSalle St. Investment Advisors, LLC new | 10,319 | $179K | 0.1% | 2026-Q1 |
| EVERMAY WEALTH MANAGEMENT LLC | 9,472 | $164K | 0.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 7,405 | $128K | 0.1% | 2026-Q1 |
| DOHJ, LLC added | 389,766 | $7M | 2.7% | 2025-Q2 stale |
| PrairieView Partners, LLC added | 329,136 | $6M | 2.3% | 2025-Q2 stale |
| MY Wealth Management Inc. trimmed | 212,012 | $4M | 1.5% | 2025-Q4 stale |
| MIdWestOne Financial Group, Inc. trimmed | 206,858 | $4M | 1.5% | 2025-Q4 stale |
| Janney Capital Management LLC added | 144,165 | $3M | 1.0% | 2025-Q4 stale |
| LWM Advisory Services, LLC new | 52,187 | $909K | 0.4% | 2025-Q3 stale |
| Freedom Investment Management, Inc. trimmed | 48,922 | $844K | 0.3% | 2025-Q2 stale |
| FAS Wealth Partners, Inc. added | 47,874 | $833K | 0.3% | 2025-Q4 stale |
| COMERICA BANK added | 44,347 | $772K | 0.3% | 2025-Q4 stale |
| Shade Tree Advisors LLC new | 26,934 | $469K | 0.2% | 2025-Q4 stale |
| PEOPLES BANK /OH | 21,899 | $381K | 0.2% | 2025-Q4 stale |
| Global Retirement Partners, LLC added | 21,684 | $378K | 0.2% | 2025-Q4 stale |
| AXXCESS WEALTH MANAGEMENT, LLC added | 19,400 | $338K | 0.1% | 2025-Q4 stale |
| Rehmann Capital Advisory Group trimmed | 18,398 | $318K | 0.1% | 2025-Q2 stale |
| Fluent Financial, LLC added | 17,065 | $295K | 0.1% | 2025-Q2 stale |
| Equitable Holdings, Inc. trimmed | 15,285 | $266K | 0.1% | 2025-Q3 stale |
| TITLEIST ASSET MANAGEMENT, LLC | 14,525 | $251K | 0.1% | 2025-Q2 stale |
| Brand Asset Management Group, Inc. added | 12,318 | $215K | 0.1% | 2025-Q3 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 11,918 | $208K | 0.1% | 2025-Q3 stale |
| Prime Capital Investment Advisors, LLC trimmed | 11,055 | $192K | 0.1% | 2025-Q4 stale |
| Transce3nd, LLC | 10,731 | $185K | 0.1% | 2025-Q2 stale |
| Golden State Wealth Management, LLC added | 8,414 | $146K | 0.1% | 2025-Q4 stale |
| FLAGSHIP HARBOR ADVISORS, LLC trimmed | 7,134 | $124K | 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.