Who owns SPAB (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-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
145 tracked funds added or opened SPAB while 82 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
SPAB’s largest tracked holder by dollar value, LPL Financial LLC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 1.4% of theirs — a 1.2pp 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 2025-Q4 and 2026-Q1, across 542 tracked filers holding SPAB, 324 increased or opened the position and 212 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 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 28
- Tidal Investments LLC$152M
- My Portfolio Guide, LLC$29M
- RETIREMITTEN FINANCIAL LLC$29M
- NICOLET BANKSHARES INC$16M
- PARK AVENUE SECURITIES LLC$16M
- Private Advisory Group LLC$10M
Full exits 20
- UNITED SERVICES AUTOMOBILE ASSOCIATION$92M
- RATIONAL ADVISORS, INC.$72M
- Donoghue Forlines LLC$33M
- MIdWestOne Financial Group, Inc.$16M
- CITADEL ADVISORS LLC$13M
- Global Retirement Partners, LLC$11M
Largest adds
- STATE STREET CORP$85M
- Independent Advisor Alliance$45M
- Convergence Financial, LLC$39M
- Virtue Capital Management, LLC$31M
- BANK OF AMERICA CORP /DE/$28M
- LPL Financial LLC$28M
Largest trims
- CLIFTONLARSONALLEN WEALTH ADVISORS, LLC$153M
- CWM, LLC$110M
- Americana Partners, LLC$28M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$27M
- NewEdge Advisors, LLC$18M
- UNIVEST FINANCIAL Corp$17M
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 24,716,908 | $633M | 9.6% | 2026-Q1 |
| STATE STREET CORP added | 15,769,631 | $404M | 6.1% | 2026-Q1 |
| CWM, LLC trimmed | 14,001,534 | $359M | 5.4% | 2026-Q1 |
| Cerity Partners LLC added | 12,700,878 | $325M | 4.9% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 9,790,652 | $251M | 3.8% | 2026-Q1 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC trimmed | 9,329,661 | $239M | 3.6% | 2026-Q1 |
| RiverFront Investment Group, LLC added | 7,785,255 | $199M | 3.0% | 2026-Q1 |
| Horizon Investments, LLC added | 7,169,907 | $184M | 2.8% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC added | 7,160,221 | $183M | 2.8% | 2026-Q1 |
| Tidal Investments LLC new | 5,964,025 | $152M | 2.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 5,842,790 | $150M | 2.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 4,348,451 | $111M | 1.7% | 2026-Q1 |
| TOBIAS FINANCIAL ADVISORS, INC. added | 4,178,789 | $107M | 1.6% | 2026-Q1 |
| Gradient Investments LLC trimmed | 3,699,377 | $95M | 1.4% | 2026-Q1 |
| Baker Avenue Asset Management, LP added | 3,386,410 | $87M | 1.3% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 3,015,178 | $77M | 1.2% | 2026-Q1 |
| Convergence Financial, LLC added | 2,817,632 | $72M | 1.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 2,754,377 | $71M | 1.1% | 2026-Q1 |
| Kingsview Wealth Management, LLC added | 2,695,425 | $69M | 1.0% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 2,673,437 | $68M | 1.0% | 2026-Q1 |
| MORGAN STANLEY added | 2,549,293 | $65M | 1.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 2,460,825 | $63M | 1.0% | 2026-Q1 |
| UNIVEST FINANCIAL Corp trimmed | 2,415,915 | $62M | 0.9% | 2026-Q1 |
| Great Lakes Retirement, Inc. added | 2,358,002 | $60M | 0.9% | 2026-Q1 |
| Stratos Investment Management, LLC added | 2,269,728 | $58M | 0.9% | 2026-Q1 |
| Trilogy Capital Inc. added | 2,229,579 | $57M | 0.9% | 2026-Q1 |
| N.E.W. Advisory Services LLC added | 2,110,566 | $54M | 0.8% | 2026-Q1 |
| MAI Capital Management added | 2,063,241 | $53M | 0.8% | 2026-Q1 |
| Financial Strategies Group, Inc. added | 1,958,484 | $50M | 0.8% | 2026-Q1 |
| GM Advisory Group, LLC added | 1,861,558 | $48M | 0.7% | 2026-Q1 |
| Vestmark Advisory Solutions, Inc. added | 1,860,597 | $48M | 0.7% | 2026-Q1 |
| Apella Capital, LLC added | 1,807,132 | $47M | 0.7% | 2026-Q1 |
| Independent Advisor Alliance added | 1,776,554 | $46M | 0.7% | 2026-Q1 |
| AlphaStar Capital Management, LLC trimmed | 1,769,636 | $45M | 0.7% | 2026-Q1 |
| Equitable Holdings, Inc. trimmed | 1,722,770 | $44M | 0.7% | 2026-Q1 |
| CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC added | 1,680,916 | $43M | 0.7% | 2026-Q1 |
| Cetera Investment Advisers added | 1,619,045 | $41M | 0.6% | 2026-Q1 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 1,501,875 | $38M | 0.6% | 2026-Q1 |
| Wealth Management Nebraska added | 1,420,137 | $36M | 0.6% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 1,406,760 | $36M | 0.5% | 2026-Q1 |
| CHOREO, LLC added | 1,402,017 | $36M | 0.5% | 2026-Q1 |
| ASSETMARK, INC added | 1,392,759 | $36M | 0.5% | 2026-Q1 |
| Stadion Money Management, LLC added | 1,365,116 | $35M | 0.5% | 2026-Q1 |
| ARRIEN INVESTMENTS, INC. added | 1,362,580 | $35M | 0.5% | 2026-Q1 |
| Trinity Wealth Management, LLC added | 1,356,451 | $35M | 0.5% | 2026-Q1 |
| Arete Wealth Advisors, LLC added | 1,347,198 | $35M | 0.5% | 2026-Q1 |
| LODESTAR PRIVATE ASSET MANAGEMENT LLC added | 1,321,303 | $34M | 0.5% | 2026-Q1 |
| Creative Planning added | 1,267,419 | $32M | 0.5% | 2026-Q1 |
| RESTON WEALTH MANAGEMENT LLC added | 1,263,512 | $32M | 0.5% | 2026-Q1 |
| TRUEFG, LLC added | 1,241,952 | $32M | 0.5% | 2026-Q1 |
| Virtue Capital Management, LLC added | 1,230,624 | $31M | 0.5% | 2026-Q1 |
| SYON CAPITAL LLC added | 1,224,099 | $31M | 0.5% | 2026-Q1 |
| Mariner, LLC added | 1,205,315 | $31M | 0.5% | 2026-Q1 |
| NewEdge Advisors, LLC trimmed | 537,138 | $30M | 0.5% | 2026-Q1 |
| Waverly Advisors, LLC trimmed | 1,180,666 | $30M | 0.5% | 2026-Q1 |
| Private Advisor Group, LLC added | 1,174,310 | $30M | 0.5% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,158,598 | $30M | 0.5% | 2026-Q1 |
| My Portfolio Guide, LLC new | 1,148,667 | $29M | 0.4% | 2026-Q1 |
| RETIREMITTEN FINANCIAL LLC new | 1,141,710 | $29M | 0.4% | 2026-Q1 |
| CUTLER INVESTMENT COUNSEL LLC added | 1,118,858 | $29M | 0.4% | 2026-Q1 |
| Gateway Wealth Partners, LLC added | 1,107,920 | $28M | 0.4% | 2026-Q1 |
| Leading Edge Financial Planning LLC added | 1,054,971 | $27M | 0.4% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 1,029,855 | $26M | 0.4% | 2026-Q1 |
| Banco Santander, S.A. trimmed | 1,020,902 | $26M | 0.4% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 1,010,540 | $26M | 0.4% | 2026-Q1 |
| OneDigital Investment Advisors LLC trimmed | 1,001,134 | $26M | 0.4% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 984,232 | $25M | 0.4% | 2026-Q1 |
| WALLER FINANCIAL PLANNING GROUP, INC added | 965,511 | $25M | 0.4% | 2026-Q1 |
| Pinnacle Wealth Planning Services, Inc. added | 958,023 | $25M | 0.4% | 2026-Q1 |
| ELEVATION POINT WEALTH PARTNERS, LLC added | 956,842 | $25M | 0.4% | 2026-Q1 |
| Clear Creek Financial Management, LLC trimmed | 950,229 | $24M | 0.4% | 2026-Q1 |
| WealthPlan Investment Management, LLC added | 948,018 | $24M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 941,653 | $24M | 0.4% | 2026-Q1 |
| Advisory Alpha, LLC added | 934,502 | $24M | 0.4% | 2026-Q1 |
| Aspire Private Capital, LLC added | 928,719 | $24M | 0.4% | 2026-Q1 |
| Mueller Wealth, LLC added | 851,393 | $22M | 0.3% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC added | 850,160 | $22M | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 782,779 | $20M | 0.3% | 2026-Q1 |
| MONEY CONCEPTS CAPITAL CORP added | 760,696 | $19M | 0.3% | 2026-Q1 |
| IHT Wealth Management, LLC trimmed | 748,829 | $19M | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 734,983 | $19M | 0.3% | 2026-Q1 |
| Weitzel Financial Services, Inc. added | 711,263 | $18M | 0.3% | 2026-Q1 |
| Kagan Cocozza Asset Management trimmed | 700,150 | $18M | 0.3% | 2026-Q1 |
| Advisor OS, LLC added | 688,382 | $18M | 0.3% | 2026-Q1 |
| Capital Investment Management, Inc. added | 672,497 | $17M | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 653,618 | $17M | 0.3% | 2026-Q1 |
| Tennessee Valley Asset Management Partners added | 645,763 | $17M | 0.3% | 2026-Q1 |
| NICOLET BANKSHARES INC added | 632,970 | $16M | 0.2% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC trimmed | 609,551 | $16M | 0.2% | 2026-Q1 |
| Bensler, LLC trimmed | 598,750 | $15M | 0.2% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 586,765 | $15M | 0.2% | 2026-Q1 |
| Willow Creek Wealth Management Inc. added | 3,934,831 | $102M | 1.5% | 2025-Q3 stale |
| UNITED SERVICES AUTOMOBILE ASSOCIATION new | 3,559,006 | $92M | 1.4% | 2025-Q4 stale |
| Good Life Advisors, LLC added | 2,841,986 | $73M | 1.1% | 2025-Q2 stale |
| RATIONAL ADVISORS, INC. trimmed | 2,786,100 | $72M | 1.1% | 2025-Q4 stale |
| Donoghue Forlines LLC added | 1,272,713 | $33M | 0.5% | 2025-Q4 stale |
| Money Design Co.,Ltd. added | 1,097,073 | $28M | 0.4% | 2025-Q2 stale |
| Bristlecone Advisors, LLC trimmed | 877,707 | $23M | 0.3% | 2025-Q3 stale |
| MIdWestOne Financial Group, Inc. added | 631,343 | $16M | 0.2% | 2025-Q4 stale |
| Algorithmic Investment Models, LLC added | 608,102 | $16M | 0.2% | 2025-Q3 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.