Who owns SMLF
Which tracked institutional funds hold SMLF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SMLF company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-24). 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 SMLF is one-sided between 2026-Q1 and 2026-Q2: 121 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
SMLF’s largest tracked holder by dollar value, Strategic Financial Services, Inc., sizes it at 14.8% of its own reported 13F book, while the median holder sizes it at 0.5% of theirs — a 14.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SMLF 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 285 tracked filers holding SMLF, 161 increased or opened the position and 116 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 SMLF 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 10
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC$35M
- NewEdge Advisors, LLC$4M
- MY Wealth Management Inc.$3M
- Diversify Advisory Services, LLC$2M
- DIVERSIFY WEALTH MANAGEMENT, LLC$2M
- Planning Strategies Inc.$1M
Full exits 14
- HighTower Advisors, LLC$45M
- Cambridge Investment Research Advisors, Inc.$29M
- Systelligence, LLC$16M
- PEAPACK GLADSTONE FINANCIAL CORP$13M
- Janney Montgomery Scott LLC$12M
- PARK AVENUE SECURITIES LLC$7M
Largest adds
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$94M
- BANK OF AMERICA CORP /DE/$52M
- WELLS FARGO & COMPANY/MN$48M
- Strategic Financial Services, Inc.$47M
- AMERIPRISE FINANCIAL INC$44M
- LPL Financial LLC$25M
Largest trims
- Mariner, LLC$3M
- Addison Advisors LLC$2M
- Hibernia Wealth Partners, LLC$687K
- EXCHANGE TRADED CONCEPTS, LLC$314K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$276K
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 |
|---|---|---|---|---|
| Strategic Financial Services, Inc. trimmed | 3,777,784 | $337M | 10.5% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 3,244,719 | $289M | 9.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 3,047,559 | $272M | 8.5% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 2,175,644 | $194M | 6.1% | 2026-Q2 |
| LPL Financial LLC added | 1,593,475 | $142M | 4.4% | 2026-Q2 |
| Advance Capital Management, Inc. trimmed | 1,476,512 | $132M | 4.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,428,258 | $127M | 4.0% | 2026-Q2 |
| Valmark Advisers, Inc. trimmed | 1,280,840 | $114M | 3.6% | 2026-Q2 |
| Acropolis Investment Management, LLC trimmed | 977,307 | $74M | 2.3% | 2026-Q2 |
| Cetera Investment Advisers added | 832,049 | $74M | 2.3% | 2026-Q2 |
| Modern Wealth Management, LLC added | 809,068 | $72M | 2.3% | 2026-Q2 |
| FMR LLC trimmed | 720,940 | $64M | 2.0% | 2026-Q2 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC | 667,125 | $59M | 1.9% | 2026-Q2 |
| Annex Advisory Services, LLC added | 625,277 | $56M | 1.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 488,894 | $44M | 1.4% | 2026-Q2 |
| BlackRock, Inc. added | 481,475 | $43M | 1.3% | 2026-Q2 |
| Cornerstone Planning Group LLC added | 481,038 | $42M | 1.3% | 2026-Q2 |
| Financial Management Professionals, Inc. trimmed | 474,926 | $42M | 1.3% | 2026-Q2 |
| Clearwater Capital Advisors, LLC trimmed | 474,741 | $42M | 1.3% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 464,450 | $41M | 1.3% | 2026-Q2 |
| Ullmann Wealth Partners Group, LLC trimmed | 430,738 | $38M | 1.2% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 413,988 | $37M | 1.2% | 2026-Q2 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC new | 395,557 | $35M | 1.1% | 2026-Q2 |
| Pacific Center for Financial Services added | 378,802 | $34M | 1.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 357,412 | $32M | 1.0% | 2026-Q2 |
| Madison Wealth Partners, Inc added | 319,045 | $28M | 0.9% | 2026-Q2 |
| River Wealth Advisors LLC | 317,974 | $24M | 0.8% | 2026-Q2 |
| MORGAN STANLEY added | 294,229 | $26M | 0.8% | 2026-Q2 |
| Focus Partners Wealth added | 291,939 | $26M | 0.8% | 2026-Q2 |
| Fox Financial, Inc trimmed | 281,234 | $25M | 0.8% | 2026-Q2 |
| Private Advisor Group, LLC added | 277,468 | $25M | 0.8% | 2026-Q2 |
| RESTON WEALTH MANAGEMENT LLC trimmed | 264,869 | $24M | 0.7% | 2026-Q2 |
| INTEGRITY ALLIANCE, LLC. trimmed | 259,831 | $23M | 0.7% | 2026-Q2 |
| UBS Group AG added | 222,938 | $20M | 0.6% | 2026-Q2 |
| YHB Investment Advisors, Inc. added | 222,217 | $20M | 0.6% | 2026-Q2 |
| Family Office Research LLC trimmed | 205,028 | $18M | 0.6% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 202,079 | $18M | 0.6% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 187,571 | $17M | 0.5% | 2026-Q2 |
| Geneos Wealth Management Inc. trimmed | 180,426 | $16M | 0.5% | 2026-Q2 |
| AssuredPartners Investment Advisors, LLC added | 165,459 | $15M | 0.5% | 2026-Q2 |
| PTM WEALTH MANAGEMENT, LLC added | 160,957 | $14M | 0.4% | 2026-Q2 |
| WCG Wealth Advisors LLC added | 152,433 | $14M | 0.4% | 2026-Q2 |
| AllGen Financial Advisors, Inc. trimmed | 150,295 | $13M | 0.4% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 150,187 | $13M | 0.4% | 2026-Q2 |
| EVOLVE PRIVATE WEALTH, LLC added | 148,407 | $13M | 0.4% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 147,559 | $13M | 0.4% | 2026-Q2 |
| Wealth Enhancement Trust Services, Inc. added | 141,964 | $11M | 0.3% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 138,975 | $12M | 0.4% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC trimmed | 137,682 | $12M | 0.4% | 2026-Q2 |
| TRB Wealth Management, LLC | 126,394 | $11M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 125,857 | $11M | 0.3% | 2026-Q2 |
| Weil Company, Inc. added | 121,747 | $11M | 0.3% | 2026-Q2 |
| COZAD ASSET MANAGEMENT INC added | 116,659 | $10M | 0.3% | 2026-Q2 |
| Wingate Wealth Advisors, Inc. added | 107,883 | $10M | 0.3% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 107,021 | $10M | 0.3% | 2026-Q2 |
| Denver PWM, LLC added | 106,982 | $10M | 0.3% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 106,216 | $9M | 0.3% | 2026-Q2 |
| FLC Capital Advisors trimmed | 102,093 | $9M | 0.3% | 2026-Q2 |
| SCHMIDT P J INVESTMENT MANAGEMENT INC added | 96,529 | $9M | 0.3% | 2026-Q2 |
| Redhawk Wealth Advisors, Inc. added | 93,331 | $8M | 0.3% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 92,679 | $8M | 0.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 89,234 | $8M | 0.2% | 2026-Q2 |
| CORA CAPITAL ADVISORS LLC trimmed | 88,710 | $8M | 0.2% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 87,399 | $8M | 0.2% | 2026-Q2 |
| DDFG, Inc trimmed | 86,310 | $8M | 0.2% | 2026-Q2 |
| D.A. DAVIDSON & CO. trimmed | 76,833 | $7M | 0.2% | 2026-Q2 |
| Cerity Partners LLC trimmed | 76,347 | $7M | 0.2% | 2026-Q2 |
| Aspen Wealth Strategies, LLC added | 75,838 | $7M | 0.2% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 74,843 | $7M | 0.2% | 2026-Q2 |
| GeoWealth Management, LLC trimmed | 74,648 | $7M | 0.2% | 2026-Q2 |
| FMA Wealth Management, LLC trimmed | 74,125 | $7M | 0.2% | 2026-Q2 |
| GEM Asset Management, LLC added | 71,512 | $6M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 70,410 | $6M | 0.2% | 2026-Q2 |
| &PARTNERS added | 65,269 | $6M | 0.2% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 63,104 | $6M | 0.2% | 2026-Q2 |
| Perigon Wealth Management, LLC added | 62,803 | $6M | 0.2% | 2026-Q2 |
| Beirne Wealth Consulting Services, LLC added | 60,302 | $5M | 0.2% | 2026-Q2 |
| Vista Cima Wealth Management LLC added | 60,239 | $5M | 0.2% | 2026-Q2 |
| CARY STREET PARTNERS FINANCIAL LLC added | 59,595 | $5M | 0.2% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 59,407 | $5M | 0.2% | 2026-Q2 |
| Goldstone Financial Group, LLC added | 58,686 | $5M | 0.2% | 2026-Q2 |
| Santori & Peters, Inc. added | 57,096 | $5M | 0.2% | 2026-Q2 |
| Live Oak Investment Partners added | 57,051 | $5M | 0.2% | 2026-Q2 |
| SUMMITPOINT CAPITAL MANAGEMENT added | 51,604 | $5M | 0.1% | 2026-Q2 |
| Williams Financial, LLC added | 50,761 | $5M | 0.1% | 2026-Q2 |
| Tyche Wealth Partners LLC trimmed | 49,288 | $4M | 0.1% | 2026-Q2 |
| Signal Advisors Wealth, LLC added | 48,174 | $4M | 0.1% | 2026-Q2 |
| Apollon Financial, LLC trimmed | 47,581 | $4M | 0.1% | 2026-Q2 |
| NOVEM GROUP trimmed | 46,922 | $4M | 0.1% | 2026-Q2 |
| Flagship Private Wealth, LLC added | 46,696 | $4M | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 43,421 | $4M | 0.1% | 2026-Q2 |
| Ascent Wealth Partners, LLC trimmed | 41,359 | $4M | 0.1% | 2026-Q2 |
| Premier Path Wealth Partners, LLC added | 38,133 | $3M | 0.1% | 2026-Q2 |
| Addison Advisors LLC trimmed | 33,862 | $3M | 0.1% | 2026-Q2 |
| Harbor Asset Planning, Inc. trimmed | 33,709 | $3M | 0.1% | 2026-Q2 |
| PHILLIPS FINANCIAL MANAGEMENT, LLC trimmed | 33,526 | $3M | 0.1% | 2026-Q2 |
| MY Wealth Management Inc. new | 32,074 | $3M | 0.1% | 2026-Q2 |
| MONTAG A & ASSOCIATES INC | 29,500 | $3M | 0.1% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. trimmed | 28,852 | $3M | 0.1% | 2026-Q2 |
| Elevate Capital Advisors, LLC trimmed | 28,803 | $3M | 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.