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-Q2 13F filings (latest filed 2026-08-27). 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
17 tracked funds added or opened SMB while 10 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
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 2026-Q1 and 2026-Q2, across 97 tracked filers holding SMB, 48 increased or opened the position and 48 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 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
- MY Wealth Management Inc.$4M
- Elequin Capital, LP$1M
- L2 Asset Management, LLC$828K
- FORONJY FINANCIAL LLC$748K
Full exits 3
- Janney Montgomery Scott LLC$3M
- Integrated Wealth Concepts LLC$763K
- FLOW TRADERS U.S. LLC$508K
Largest adds
- Savant Capital, LLC$5M
- INDEPENDENT FINANCIAL GROUP, LLC$2M
- STIFEL FINANCIAL CORP$2M
- JPMORGAN CHASE & CO$1M
- MML INVESTORS SERVICES, LLC$739K
- LPL Financial LLC$700K
Largest trims
- RAYMOND JAMES FINANCIAL INC$4M
- Allworth Financial LP$2M
- BANK OF AMERICA CORP /DE/$1M
- AMERIPRISE FINANCIAL INC$782K
- SEI INVESTMENTS CO$395K
- Cetera Investment Advisers$360K
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 trimmed | 2,276,569 | $39M | 16.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,541,824 | $27M | 10.9% | 2026-Q2 |
| MORGAN STANLEY added | 867,464 | $15M | 6.2% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 811,871 | $14M | 5.8% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 718,190 | $12M | 5.1% | 2026-Q2 |
| Savant Capital, LLC added | 597,809 | $10M | 4.2% | 2026-Q2 |
| LPL Financial LLC added | 595,415 | $10M | 4.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 589,883 | $10M | 4.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 458,149 | $8M | 3.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 390,628 | $7M | 2.8% | 2026-Q2 |
| UBS Group AG added | 352,364 | $6M | 2.5% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 270,992 | $5M | 1.9% | 2026-Q2 |
| MY Wealth Management Inc. added | 258,905 | $4M | 1.8% | 2026-Q2 |
| Cerity Partners LLC added | 239,576 | $4M | 1.7% | 2026-Q2 |
| CONDOR CAPITAL MANAGEMENT added | 228,497 | $4M | 1.6% | 2026-Q2 |
| NICOLET BANKSHARES INC | 208,000 | $4M | 1.5% | 2026-Q2 |
| Willis Johnson & Associates, Inc. trimmed | 204,147 | $4M | 1.4% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC added | 185,432 | $3M | 1.3% | 2026-Q2 |
| IMPACTfolio, LLC added | 174,525 | $3M | 1.2% | 2026-Q2 |
| Gradient Investments LLC added | 135,162 | $2M | 1.0% | 2026-Q2 |
| Valeo Financial Advisors, LLC trimmed | 134,006 | $2M | 1.0% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 130,814 | $2M | 0.9% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 103,767 | $2M | 0.7% | 2026-Q2 |
| Sanctuary Advisors, LLC trimmed | 100,520 | $2M | 0.7% | 2026-Q2 |
| Prosperity Consulting Group, LLC trimmed | 93,383 | $2M | 0.7% | 2026-Q2 |
| Private Advisor Group, LLC added | 90,266 | $2M | 0.6% | 2026-Q2 |
| Westside Investment Management, Inc. added | 74,357 | $1M | 0.5% | 2026-Q2 |
| Ascent Group, LLC added | 65,349 | $1M | 0.5% | 2026-Q2 |
| Elequin Capital, LP new | 64,721 | $1M | 0.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 64,434 | $1M | 0.5% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 51,618 | $896K | 0.4% | 2026-Q2 |
| BARTLETT & CO. WEALTH MANAGEMENT LLC trimmed | 50,682 | $879K | 0.4% | 2026-Q2 |
| FAS Wealth Partners, Inc. added | 48,426 | $840K | 0.3% | 2026-Q2 |
| Ameritas Investment Partners, Inc. added | 48,233 | $837K | 0.3% | 2026-Q2 |
| L2 Asset Management, LLC new | 47,705 | $828K | 0.3% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 44,807 | $777K | 0.3% | 2026-Q2 |
| FORONJY FINANCIAL LLC new | 43,125 | $748K | 0.3% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. added | 38,483 | $668K | 0.3% | 2026-Q2 |
| Arkadios Wealth Advisors added | 38,414 | $666K | 0.3% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 37,687 | $654K | 0.3% | 2026-Q2 |
| Merit Financial Group, LLC added | 37,040 | $643K | 0.3% | 2026-Q2 |
| Composition Wealth, LLC trimmed | 36,552 | $634K | 0.3% | 2026-Q2 |
| PRIVATE TRUST CO NA | 32,060 | $556K | 0.2% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 31,000 | $538K | 0.2% | 2026-Q2 |
| Stronghold Wealth Management L.L.C. trimmed | 30,072 | $522K | 0.2% | 2026-Q2 |
| ORBA Wealth Advisors, L.L.C. added | 30,023 | $521K | 0.2% | 2026-Q2 |
| Mariner, LLC | 29,371 | $510K | 0.2% | 2026-Q2 |
| LaSalle St. Investment Advisors, LLC added | 27,638 | $480K | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC added | 26,263 | $456K | 0.2% | 2026-Q2 |
| Diversified Portfolios, Inc. trimmed | 22,429 | $389K | 0.2% | 2026-Q2 |
| LIBERTY SQUARE WEALTH PARTNERS LLC added | 21,764 | $378K | 0.2% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. trimmed | 21,587 | $375K | 0.2% | 2026-Q2 |
| Capital Asset Advisory Services LLC added | 21,400 | $371K | 0.2% | 2026-Q2 |
| AXXCESS WEALTH MANAGEMENT, LLC added | 21,400 | $371K | 0.2% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 20,982 | $364K | 0.1% | 2026-Q2 |
| JUNCTURE WEALTH STRATEGIES, LLC | 20,463 | $355K | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 19,982 | $347K | 0.1% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 19,299 | $335K | 0.1% | 2026-Q2 |
| One Capital Management, LLC | 18,463 | $319K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC new | 14,345 | $249K | 0.1% | 2026-Q2 |
| PRIVATE CLIENT SERVICES, LLC | 14,132 | $245K | 0.1% | 2026-Q2 |
| RFG Advisory, LLC new | 14,109 | $245K | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 13,882 | $241K | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC added | 12,385 | $215K | 0.1% | 2026-Q2 |
| PFG Investments, LLC trimmed | 12,187 | $211K | 0.1% | 2026-Q2 |
| VICUS CAPITAL added | 11,907 | $207K | 0.1% | 2026-Q2 |
| Trilogy Capital Inc. | 11,600 | $201K | 0.1% | 2026-Q2 |
| One Wealth Map LLC new | 11,591 | $200K | 0.1% | 2026-Q2 |
| Detalus Advisors, LLC trimmed | 11,407 | $198K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 11,327 | $196K | 0.1% | 2026-Q2 |
| Berger Financial Group, Inc | 11,048 | $192K | 0.1% | 2026-Q2 |
| EVERMAY WEALTH MANAGEMENT LLC | 9,472 | $164K | 0.1% | 2026-Q2 |
| IFP Advisors, Inc | 7,000 | $121K | 0.0% | 2026-Q2 |
| FMR LLC added | 6,918 | $120K | 0.0% | 2026-Q2 |
| AE Wealth Management LLC added | 5,971 | $104K | 0.0% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 5,000 | $87K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 3,428 | $59K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC added | 2,765 | $48K | 0.0% | 2026-Q2 |
| Ancora Advisors LLC trimmed | 2,730 | $47K | 0.0% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 2,450 | $42K | 0.0% | 2026-Q2 |
| Versant Capital Management, Inc | 2,411 | $42K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 2,003 | $35K | 0.0% | 2026-Q2 |
| TUCKER ASSET MANAGEMENT LLC | 1,181 | $20K | 0.0% | 2026-Q2 |
| FIDUCIARY FINANCIAL ADVISORS new | 862 | $15K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 785 | $14K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ | 686 | $12K | 0.0% | 2026-Q2 |
| Ritter Daniher Financial Advisory LLC / DE added | 650 | $11K | 0.0% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL | 609 | $11K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 523 | $9K | 0.0% | 2026-Q2 |
| NFSG Corp | 333 | $6K | 0.0% | 2026-Q2 |
| MassMutual Private Wealth & Trust, FSB | 323 | $6K | 0.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 246 | $4K | 0.0% | 2026-Q2 |
| Rossby Financial, LCC | 46 | $798 | 0.0% | 2026-Q2 |
| Silver Grove Financial Group, Inc. | 43 | $746 | 0.0% | 2026-Q2 |
| AMERIFLEX GROUP, INC. new | 27 | $468 | 0.0% | 2026-Q2 |
| WPG Advisers, LLC trimmed | 25 | $434 | 0.0% | 2026-Q2 |
| CoreCap Advisors, LLC | 2 | $35 | 0.0% | 2026-Q2 |
| MIdWestOne Financial Group, Inc. trimmed | 206,858 | $4M | 1.5% | 2025-Q4 stale (2 quarters behind) |
| DOHJ, LLC added | 389,766 | $7M | 2.7% | 2025-Q2 stale (4 quarters behind) |
| PrairieView Partners, LLC added | 329,136 | $6M | 2.3% | 2025-Q2 stale (4 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.