Who owns SMH
Which tracked institutional funds hold SMH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SMH company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-21). 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
381 tracked funds added or opened SMH while 170 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
SMH’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.3% 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 SMH 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 1292 tracked filers holding SMH, 677 increased or opened the position and 481 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 SMH 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 73
- Hel Ved Capital Management Ltd$206M
- RENAISSANCE TECHNOLOGIES LLC$142M
- D. E. Shaw & Co., Inc.$76M
- Howard Capital Management Inc.$76M
- MARSHALL WACE, LLP$68M
- JANE STREET GROUP, LLC$35M
Full exits 49
- ADAPT Investment Managers SA$39M
- Gemsstock Ltd.$36M
- Dai-ichi Life Insurance Company, Ltd$34M
- HRT FINANCIAL LP$33M
- Main Management ETF Advisors, LLC$24M
- MIG Capital, LLC$19M
Largest adds
- CITADEL ADVISORS LLC$3.3B
- MORGAN STANLEY$1.1B
- MILLENNIUM MANAGEMENT LLC$739M
- MENORA MIVTACHIM HOLDINGS LTD.$273M
- JPMORGAN CHASE & CO$261M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$205M
Largest trims
- BANK OF AMERICA CORP /DE/$374M
- Focus Partners Wealth$233M
- Harel Insurance Investments & Financial Services Ltd.$227M
- TWO SIGMA INVESTMENTS, LP$194M
- BANK OF NOVA SCOTIA$191M
- BALYASNY ASSET MANAGEMENT L.P.$168M
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 |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ trimmed | 10,459,469 | $4.0B | 19.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 8,800,400 | $3.4B | 16.1% | 2026-Q1 |
| MORGAN STANLEY added | 5,462,872 | $2.1B | 10.0% | 2026-Q1 |
| LPL Financial LLC added | 2,824,700 | $1.1B | 5.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 1,966,700 | $754M | 3.6% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,819,285 | $660M | 3.1% | 2026-Q1 |
| UBS Group AG trimmed | 1,342,701 | $515M | 2.4% | 2026-Q1 |
| MENORA MIVTACHIM HOLDINGS LTD. added | 1,196,360 | $459M | 2.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 1,132,514 | $434M | 2.1% | 2026-Q1 |
| CITIGROUP INC trimmed | 934,355 | $358M | 1.7% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 918,973 | $352M | 1.7% | 2026-Q1 |
| MEITAV INVESTMENT HOUSE LTD added | 905,426 | $347M | 1.7% | 2026-Q1 |
| Migdal Insurance & Financial Holdings Ltd. added | 760,447 | $292M | 1.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 746,218 | $286M | 1.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 644,796 | $247M | 1.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 620,983 | $238M | 1.1% | 2026-Q1 |
| Saudi Central Bank | 602,006 | $231M | 1.1% | 2026-Q1 |
| Clal Insurance Enterprises Holdings Ltd added | 570,000 | $219M | 1.0% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 556,272 | $213M | 1.0% | 2026-Q1 |
| Hel Ved Capital Management Ltd new | 536,200 | $206M | 1.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 535,281 | $205M | 1.0% | 2026-Q1 |
| Harel Insurance Investments & Financial Services Ltd. trimmed | 534,268 | $205M | 1.0% | 2026-Q1 |
| Cetera Investment Advisers added | 511,623 | $196M | 0.9% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 458,822 | $176M | 0.8% | 2026-Q1 |
| RiverFront Investment Group, LLC added | 427,354 | $164M | 0.8% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 369,487 | $142M | 0.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 362,136 | $139M | 0.7% | 2026-Q1 |
| Squarepoint Ops LLC added | 351,287 | $135M | 0.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 318,266 | $122M | 0.6% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 303,533 | $116M | 0.6% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 258,729 | $99M | 0.5% | 2026-Q1 |
| Mirae Asset Global Investments Co., Ltd. added | 210,660 | $81M | 0.4% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 199,461 | $76M | 0.4% | 2026-Q1 |
| Howard Capital Management Inc. new | 197,200 | $76M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 193,697 | $74M | 0.4% | 2026-Q1 |
| BARCLAYS PLC added | 190,843 | $73M | 0.3% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 193,451 | $72M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 187,658 | $72M | 0.3% | 2026-Q1 |
| Cornerstone Advisors, LLC added | 177,495 | $68M | 0.3% | 2026-Q1 |
| MARSHALL WACE, LLP added | 176,757 | $68M | 0.3% | 2026-Q1 |
| Moss Adams Wealth Advisors LLC trimmed | 173,466 | $67M | 0.3% | 2026-Q1 |
| Portfolio Strategies, Inc. trimmed | 163,291 | $63M | 0.3% | 2026-Q1 |
| Private Advisor Group, LLC added | 163,100 | $63M | 0.3% | 2026-Q1 |
| PRUDENTIAL PLC added | 153,470 | $59M | 0.3% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 145,358 | $56M | 0.3% | 2026-Q1 |
| Fisher Asset Management, LLC trimmed | 144,575 | $55M | 0.3% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 138,216 | $53M | 0.3% | 2026-Q1 |
| NewEdge Wealth, LLC trimmed | 120,894 | $46M | 0.2% | 2026-Q1 |
| BlackRock, Inc. added | 119,253 | $46M | 0.2% | 2026-Q1 |
| Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD added | 114,041 | $44M | 0.2% | 2026-Q1 |
| J.Safra Asset Management Corp added | 113,602 | $44M | 0.2% | 2026-Q1 |
| Mariner, LLC added | 107,566 | $41M | 0.2% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 107,252 | $41M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 102,699 | $39M | 0.2% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 100,000 | $38M | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 98,733 | $38M | 0.2% | 2026-Q1 |
| Wealthfront Advisers LLC added | 98,371 | $38M | 0.2% | 2026-Q1 |
| Kraft, Davis & Associates, LLC trimmed | 73,667 | $37M | 0.2% | 2026-Q1 |
| Miller Investment Management, LP trimmed | 94,907 | $36M | 0.2% | 2026-Q1 |
| SIMPLEX TRADING, LLC added | 93,701 | $36M | 0.2% | 2026-Q1 |
| Focus Partners Wealth trimmed | 93,437 | $36M | 0.2% | 2026-Q1 |
| GM Advisory Group, LLC added | 93,217 | $36M | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 92,301 | $35M | 0.2% | 2026-Q1 |
| Bouchey Financial Group Ltd added | 81,823 | $35M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 91,801 | $35M | 0.2% | 2026-Q1 |
| Rezny Wealth Management, Inc. trimmed | 91,282 | $35M | 0.2% | 2026-Q1 |
| Concurrent Investment Advisors, LLC trimmed | 88,688 | $34M | 0.2% | 2026-Q1 |
| Round Rock Advisors LLC trimmed | 86,792 | $33M | 0.2% | 2026-Q1 |
| Yarbrough Capital, LLC | 81,148 | $31M | 0.1% | 2026-Q1 |
| Summit Financial, LLC added | 80,906 | $31M | 0.1% | 2026-Q1 |
| University of Illinois Foundation added | 78,244 | $30M | 0.1% | 2026-Q1 |
| ASSETMARK, INC added | 78,087 | $30M | 0.1% | 2026-Q1 |
| LYELL WEALTH MANAGEMENT, LP added | 77,905 | $30M | 0.1% | 2026-Q1 |
| Kozak & Associates, Inc. trimmed | 65,171 | $29M | 0.1% | 2026-Q1 |
| Parker Investment Management, LLC added | 75,165 | $29M | 0.1% | 2026-Q1 |
| FMR LLC trimmed | 72,820 | $28M | 0.1% | 2026-Q1 |
| SG Americas Securities, LLC added | 70,788 | $27M | 0.1% | 2026-Q1 |
| Allianz Asset Management GmbH added | 70,460 | $27M | 0.1% | 2026-Q1 |
| EP Wealth Advisors, LLC added | 68,353 | $26M | 0.1% | 2026-Q1 |
| Pine Ridge Advisers LLC added | 68,235 | $26M | 0.1% | 2026-Q1 |
| Navigation Group, LLC new | 67,411 | $26M | 0.1% | 2026-Q1 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 65,128 | $25M | 0.1% | 2026-Q1 |
| Horizon Wealth Management, LLC added | 64,522 | $25M | 0.1% | 2026-Q1 |
| CTC LLC added | 64,420 | $25M | 0.1% | 2026-Q1 |
| WESPAC Advisors SoCal, LLC trimmed | 61,157 | $23M | 0.1% | 2026-Q1 |
| Agave Capital Management Ltd trimmed | 62,958 | $23M | 0.1% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC added | 60,517 | $23M | 0.1% | 2026-Q1 |
| TD Waterhouse Canada Inc. trimmed | 59,146 | $23M | 0.1% | 2026-Q1 |
| Prospera Financial Services Inc added | 59,880 | $23M | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 57,672 | $22M | 0.1% | 2026-Q1 |
| Belvedere Trading LLC trimmed | 378,298 | $105M | 0.5% | 2025-Q2 stale |
| Main Management Fund Advisors LLC trimmed | 280,900 | $92M | 0.4% | 2025-Q3 stale |
| Allianz SE new | 199,097 | $56M | 0.3% | 2025-Q2 stale |
| ADAPT Investment Managers SA added | 109,241 | $39M | 0.2% | 2025-Q4 stale |
| Gemsstock Ltd. added | 99,800 | $36M | 0.2% | 2025-Q4 stale |
| Jain Global LLC new | 109,335 | $36M | 0.2% | 2025-Q3 stale |
| Dai-ichi Life Insurance Company, Ltd trimmed | 94,112 | $34M | 0.2% | 2025-Q4 stale |
| HRT FINANCIAL LP added | 90,747 | $33M | 0.2% | 2025-Q4 stale |
| SOROS CAPITAL MANAGEMENT LLC trimmed | 113,100 | $32M | 0.2% | 2025-Q2 stale |
| Main Management ETF Advisors, LLC trimmed | 67,846 | $24M | 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.