Who owns SPAB
Which tracked institutional funds hold SPAB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SPAB company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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
116 tracked funds added or opened SPAB while 90 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
SPAB’s largest tracked holder by dollar value, LPL Financial LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.8% of theirs — a 0.7pp gap the other way — the median holder sizes SPAB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in SPAB 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 519 tracked filers holding SPAB, 278 increased or opened the position and 249 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 SPAB 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 13
- Wealthspire Advisors, LLC$53M
- Global Retirement Partners, LLC$14M
- Odyssey Group, LLC$5M
- OLD MISSION CAPITAL LLC$2M
- MGO ONE SEVEN LLC$2M
- Crabel Capital Management, LLC$1M
Full exits 25
- CWM, LLC$359M
- GM Advisory Group, LLC$48M
- My Portfolio Guide, LLC$29M
- Janney Montgomery Scott LLC$26M
- Cambridge Investment Research Advisors, Inc.$24M
- PARK AVENUE SECURITIES LLC$16M
Largest adds
- EXCHANGE TRADED CONCEPTS, LLC$65M
- Cerity Partners LLC$42M
- BANK OF AMERICA CORP /DE/$32M
- AlphaStar Capital Management, LLC$23M
- CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC$22M
- Banco Santander, S.A.$19M
Largest trims
- Horizon Investments, LLC$52M
- Trilogy Capital Inc.$48M
- Convergence Financial, LLC$47M
- Independent Advisor Alliance$45M
- Gradient Investments LLC$35M
- STATE STREET CORP$33M
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 25,330,337 | $646M | 11.0% | 2026-Q2 |
| STATE STREET CORP trimmed | 14,524,976 | $371M | 6.3% | 2026-Q2 |
| Cerity Partners LLC added | 14,403,756 | $368M | 6.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 9,857,952 | $252M | 4.3% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 9,787,519 | $250M | 4.3% | 2026-Q2 |
| Horizon Investments, LLC added | 9,729,670 | $132M | 2.2% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC added | 9,727,132 | $248M | 4.2% | 2026-Q2 |
| RiverFront Investment Group, LLC added | 7,808,136 | $199M | 3.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 7,130,294 | $182M | 3.1% | 2026-Q2 |
| Tidal Investments LLC trimmed | 5,605,943 | $143M | 2.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 4,558,553 | $116M | 2.0% | 2026-Q2 |
| TOBIAS FINANCIAL ADVISORS, INC. added | 4,428,126 | $113M | 1.9% | 2026-Q2 |
| Baker Avenue Asset Management, LP added | 3,528,562 | $90M | 1.5% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 3,206,173 | $82M | 1.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 2,933,787 | $75M | 1.3% | 2026-Q2 |
| Kingsview Wealth Management, LLC added | 2,763,710 | $71M | 1.2% | 2026-Q2 |
| MORGAN STANLEY added | 2,688,668 | $69M | 1.2% | 2026-Q2 |
| AlphaStar Capital Management, LLC added | 2,660,661 | $68M | 1.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 2,636,743 | $67M | 1.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 2,585,412 | $66M | 1.1% | 2026-Q2 |
| CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC added | 2,534,062 | $65M | 1.1% | 2026-Q2 |
| Great Lakes Retirement, Inc. added | 2,424,802 | $62M | 1.1% | 2026-Q2 |
| Stratos Investment Management, LLC added | 2,369,899 | $60M | 1.0% | 2026-Q2 |
| UNIVEST FINANCIAL Corp trimmed | 2,350,569 | $60M | 1.0% | 2026-Q2 |
| Gradient Investments LLC trimmed | 2,336,644 | $60M | 1.0% | 2026-Q2 |
| MAI Capital Management added | 2,226,732 | $57M | 1.0% | 2026-Q2 |
| Apella Capital, LLC added | 2,223,605 | $56M | 1.0% | 2026-Q2 |
| N.E.W. Advisory Services LLC added | 2,205,265 | $56M | 1.0% | 2026-Q2 |
| Financial Strategies Group, Inc. added | 2,113,953 | $53M | 0.9% | 2026-Q2 |
| Equitable Holdings, Inc. added | 2,060,940 | $53M | 0.9% | 2026-Q2 |
| Wealthspire Advisors, LLC new | 2,058,853 | $53M | 0.9% | 2026-Q2 |
| Banco Santander, S.A. added | 1,773,218 | $45M | 0.8% | 2026-Q2 |
| NewEdge Advisors, LLC added | 1,667,791 | $43M | 0.7% | 2026-Q2 |
| Cetera Investment Advisers added | 1,644,992 | $42M | 0.7% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 1,634,324 | $42M | 0.7% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. trimmed | 1,626,601 | $42M | 0.7% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 1,533,755 | $39M | 0.7% | 2026-Q2 |
| ARRIEN INVESTMENTS, INC. added | 1,431,245 | $37M | 0.6% | 2026-Q2 |
| Wealth Management Nebraska added | 1,420,593 | $36M | 0.6% | 2026-Q2 |
| LODESTAR PRIVATE ASSET MANAGEMENT LLC added | 1,410,335 | $36M | 0.6% | 2026-Q2 |
| Stadion Money Management, LLC added | 1,382,116 | $35M | 0.6% | 2026-Q2 |
| CHOREO, LLC trimmed | 1,375,441 | $35M | 0.6% | 2026-Q2 |
| Arete Wealth Advisors, LLC added | 1,347,217 | $34M | 0.6% | 2026-Q2 |
| RESTON WEALTH MANAGEMENT LLC added | 1,346,522 | $34M | 0.6% | 2026-Q2 |
| TRUEFG, LLC added | 1,301,815 | $33M | 0.6% | 2026-Q2 |
| Trinity Wealth Management, LLC trimmed | 1,257,417 | $32M | 0.5% | 2026-Q2 |
| RETIREMITTEN FINANCIAL LLC added | 1,252,023 | $32M | 0.5% | 2026-Q2 |
| Creative Planning trimmed | 1,251,760 | $32M | 0.5% | 2026-Q2 |
| Private Advisor Group, LLC added | 1,250,683 | $32M | 0.5% | 2026-Q2 |
| Waverly Advisors, LLC added | 1,199,257 | $31M | 0.5% | 2026-Q2 |
| SYON CAPITAL LLC trimmed | 1,190,864 | $30M | 0.5% | 2026-Q2 |
| Leading Edge Financial Planning LLC added | 1,173,898 | $30M | 0.5% | 2026-Q2 |
| CUTLER INVESTMENT COUNSEL LLC added | 1,160,764 | $30M | 0.5% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 1,158,290 | $30M | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 1,062,315 | $27M | 0.5% | 2026-Q2 |
| Clear Creek Financial Management, LLC added | 1,059,916 | $27M | 0.5% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 1,051,869 | $27M | 0.5% | 2026-Q2 |
| OneDigital Investment Advisors LLC added | 1,044,516 | $27M | 0.5% | 2026-Q2 |
| Pinnacle Wealth Planning Services, Inc. added | 1,042,937 | $27M | 0.5% | 2026-Q2 |
| Convergence Financial, LLC trimmed | 999,682 | $26M | 0.4% | 2026-Q2 |
| WealthPlan Investment Management, LLC added | 990,074 | $25M | 0.4% | 2026-Q2 |
| WALLER FINANCIAL PLANNING GROUP, INC trimmed | 960,721 | $25M | 0.4% | 2026-Q2 |
| Advisory Alpha, LLC added | 955,598 | $24M | 0.4% | 2026-Q2 |
| Mueller Wealth, LLC added | 942,299 | $24M | 0.4% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 852,558 | $22M | 0.4% | 2026-Q2 |
| Virtue Capital Management, LLC trimmed | 852,250 | $22M | 0.4% | 2026-Q2 |
| ASSETMARK, INC trimmed | 836,300 | $21M | 0.4% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 828,897 | $21M | 0.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 821,148 | $21M | 0.4% | 2026-Q2 |
| Aspire Private Capital, LLC trimmed | 788,694 | $20M | 0.3% | 2026-Q2 |
| IHT Wealth Management, LLC trimmed | 746,702 | $19M | 0.3% | 2026-Q2 |
| Weitzel Financial Services, Inc. added | 743,151 | $19M | 0.3% | 2026-Q2 |
| ELEVATION POINT WEALTH PARTNERS, LLC trimmed | 728,177 | $19M | 0.3% | 2026-Q2 |
| Stewardship Advisors, LLC added | 725,561 | $19M | 0.3% | 2026-Q2 |
| Kagan Cocozza Asset Management added | 702,691 | $18M | 0.3% | 2026-Q2 |
| Tennessee Valley Asset Management Partners added | 693,653 | $18M | 0.3% | 2026-Q2 |
| Capital Investment Management, Inc. added | 673,977 | $17M | 0.3% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 661,720 | $17M | 0.3% | 2026-Q2 |
| MONEY CONCEPTS CAPITAL CORP trimmed | 652,734 | $17M | 0.3% | 2026-Q2 |
| NICOLET BANKSHARES INC added | 637,416 | $16M | 0.3% | 2026-Q2 |
| Gateway Wealth Partners, LLC trimmed | 623,869 | $16M | 0.3% | 2026-Q2 |
| SigFig Wealth Management, LLC added | 620,079 | $16M | 0.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 572,792 | $15M | 0.2% | 2026-Q2 |
| Savant Capital, LLC added | 568,363 | $15M | 0.2% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 560,061 | $14M | 0.2% | 2026-Q2 |
| Cornerstone Wealth Management, LLC added | 557,829 | $14M | 0.2% | 2026-Q2 |
| Cyr Financial Inc. added | 551,730 | $14M | 0.2% | 2026-Q2 |
| Simplicity Wealth,LLC added | 546,014 | $14M | 0.2% | 2026-Q2 |
| Advisory Resource Group added | 540,885 | $14M | 0.2% | 2026-Q2 |
| Bensler, LLC trimmed | 540,786 | $14M | 0.2% | 2026-Q2 |
| Global Retirement Partners, LLC added | 539,412 | $14M | 0.2% | 2026-Q2 |
| Financial Planning Fort Collins, LLC trimmed | 517,005 | $13M | 0.2% | 2026-Q2 |
| Private Advisory Group LLC added | 447,565 | $11M | 0.2% | 2026-Q2 |
| Rochester Wealth Strategies, LLC trimmed | 436,917 | $11M | 0.2% | 2026-Q2 |
| Golden State Wealth Management, LLC trimmed | 436,311 | $11M | 0.2% | 2026-Q2 |
| UBS Group AG trimmed | 418,272 | $11M | 0.2% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 400,181 | $10M | 0.2% | 2026-Q2 |
| ERn Financial, LLC added | 397,513 | $10M | 0.2% | 2026-Q2 |
| Towercrest Capital Management trimmed | 390,850 | $10M | 0.2% | 2026-Q2 |
| Rockbridge Investment Management, LCC trimmed | 380,279 | $10M | 0.2% | 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.