Who owns SPHQ
Which tracked institutional funds hold SPHQ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SPHQ company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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 SPHQ is one-sided between 2026-Q1 and 2026-Q2: 376 added or opened and 66 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
SPHQ’s largest tracked holder by dollar value, LPL Financial LLC, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.6% of theirs — a 0.3pp gap the other way — the median holder sizes SPHQ more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in SPHQ 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 797 tracked filers holding SPHQ, 440 increased or opened the position and 297 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 SPHQ 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 56
- Baltimore-Washington Financial Advisors, Inc.$43M
- Bluespring Wealth Management, LLC$33M
- Global Retirement Partners, LLC$21M
- NOMURA ASSET MANAGEMENT CO LTD$17M
- VAQUERO PRIVATE WEALTH, LTD$11M
- IFG Advisory, LLC$9M
Full exits 36
- Independent Advisor Alliance$80M
- Evensky & Katz LLC$58M
- Cambridge Investment Research Advisors, Inc.$32M
- Capital Planning Advisors, LLC$31M
- HighTower Advisors, LLC$24M
- TruWealth Advisors, LLC$18M
Largest adds
- ENVESTNET ASSET MANAGEMENT INC$456M
- LPL Financial LLC$327M
- FMR LLC$251M
- AMERIPRISE FINANCIAL INC$158M
- WELLS FARGO & COMPANY/MN$150M
- MML INVESTORS SERVICES, LLC$116M
Largest trims
- BNP PARIBAS FINANCIAL MARKETS$31M
- ARMSTRONG ADVISORY GROUP, INC$21M
- Mariner, LLC$20M
- Schwallier Wealth Management LLC$13M
- Madison Asset Management, LLC$12M
- Jackson Wealth Management, LLC$11M
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 | 13,784,927 | $1.2B | 10.3% | 2026-Q2 |
| FMR LLC added | 9,352,203 | $843M | 7.0% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 9,120,665 | $822M | 6.8% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 7,364,726 | $664M | 5.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 6,731,769 | $607M | 5.0% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 5,948,776 | $523M | 4.3% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 5,814,302 | $524M | 4.3% | 2026-Q2 |
| MORGAN STANLEY added | 5,727,578 | $516M | 4.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 5,003,440 | $451M | 3.7% | 2026-Q2 |
| Heritage Wealth Advisors added | 4,978,794 | $449M | 3.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 4,476,309 | $403M | 3.3% | 2026-Q2 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC added | 3,438,541 | $310M | 2.6% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 2,968,361 | $258M | 2.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 2,703,877 | $244M | 2.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 2,541,105 | $229M | 1.9% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 2,227,357 | $201M | 1.7% | 2026-Q2 |
| Bank of New York Mellon Corp added | 1,971,842 | $178M | 1.5% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 1,968,809 | $177M | 1.5% | 2026-Q2 |
| SFMG, LLC added | 1,710,162 | $154M | 1.3% | 2026-Q2 |
| UBS Group AG added | 1,676,083 | $151M | 1.3% | 2026-Q2 |
| Cetera Investment Advisers added | 1,441,981 | $130M | 1.1% | 2026-Q2 |
| Equitable Holdings, Inc. added | 1,436,900 | $129M | 1.1% | 2026-Q2 |
| NorthCoast Asset Management LLC trimmed | 1,260,240 | $114M | 0.9% | 2026-Q2 |
| First Command Advisory Services, Inc. trimmed | 1,146,360 | $103M | 0.9% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,081,551 | $97M | 0.8% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 1,023,186 | $92M | 0.8% | 2026-Q2 |
| Independence Asset Advisors, LLC added | 982,557 | $89M | 0.7% | 2026-Q2 |
| Alvarez & Marsal Private Wealth Partners, LLC trimmed | 948,378 | $85M | 0.7% | 2026-Q2 |
| Madison Asset Management, LLC trimmed | 936,702 | $84M | 0.7% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 881,712 | $79M | 0.7% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 862,123 | $77M | 0.6% | 2026-Q2 |
| Compass Ion Advisors, LLC added | 762,357 | $69M | 0.6% | 2026-Q2 |
| Demars Financial Group, LLC added | 733,638 | $66M | 0.5% | 2026-Q2 |
| Paragon Capital Management Ltd trimmed | 698,569 | $63M | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 680,843 | $61M | 0.5% | 2026-Q2 |
| Perennial Investment Advisors, LLC trimmed | 591,843 | $53M | 0.4% | 2026-Q2 |
| Tulsa Wealth Advisors, INC trimmed | 587,150 | $53M | 0.4% | 2026-Q2 |
| SAX WEALTH ADVISORS, LLC added | 542,051 | $41M | 0.3% | 2026-Q2 |
| Family Investment Center, Inc. added | 535,311 | $48M | 0.4% | 2026-Q2 |
| Milestone Investment Advisors LLC added | 533,994 | $48M | 0.4% | 2026-Q2 |
| Private Advisor Group, LLC added | 494,162 | $45M | 0.4% | 2026-Q2 |
| UNION SAVINGS BANK added | 491,653 | $44M | 0.4% | 2026-Q2 |
| WEALTH MANAGEMENT RESOURCES, INC. added | 478,990 | $43M | 0.4% | 2026-Q2 |
| Baltimore-Washington Financial Advisors, Inc. new | 475,171 | $43M | 0.4% | 2026-Q2 |
| Sequoia Financial Advisors, LLC trimmed | 468,394 | $42M | 0.3% | 2026-Q2 |
| Stratos Wealth Partners, LTD. added | 467,766 | $42M | 0.3% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 467,672 | $42M | 0.3% | 2026-Q2 |
| Alpine Bank Wealth Management trimmed | 466,176 | $42M | 0.3% | 2026-Q2 |
| Wealth Enhancement Trust Services, Inc. added | 445,438 | $33M | 0.3% | 2026-Q2 |
| Baird Financial Group, Inc. added | 425,489 | $38M | 0.3% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 415,333 | $37M | 0.3% | 2026-Q2 |
| Clearview Wealth Management LLC trimmed | 402,989 | $36M | 0.3% | 2026-Q2 |
| Orgel Wealth Management, LLC trimmed | 395,689 | $36M | 0.3% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 386,618 | $35M | 0.3% | 2026-Q2 |
| Jefferies Financial Group Inc. added | 378,345 | $34M | 0.3% | 2026-Q2 |
| Ballast, Inc. trimmed | 368,869 | $33M | 0.3% | 2026-Q2 |
| Bluespring Wealth Management, LLC new | 367,053 | $33M | 0.3% | 2026-Q2 |
| EVERGREEN CAPITAL MANAGEMENT LLC added | 353,193 | $32M | 0.3% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 328,955 | $30M | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 312,443 | $28M | 0.2% | 2026-Q2 |
| SUMMIT WEALTH GROUP LLC / CO trimmed | 305,169 | $27M | 0.2% | 2026-Q2 |
| Rollins Financial Advisors, LLC added | 304,049 | $27M | 0.2% | 2026-Q2 |
| Snowden Capital Advisors LLC added | 299,044 | $27M | 0.2% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL added | 284,460 | $26M | 0.2% | 2026-Q2 |
| Cresset Asset Management, LLC added | 273,682 | $25M | 0.2% | 2026-Q2 |
| Mariner, LLC trimmed | 272,735 | $25M | 0.2% | 2026-Q2 |
| SouthState Bank Corp added | 272,332 | $25M | 0.2% | 2026-Q2 |
| Waverly Advisors, LLC added | 269,223 | $24M | 0.2% | 2026-Q2 |
| Redhawk Wealth Advisors, Inc. added | 253,355 | $23M | 0.2% | 2026-Q2 |
| COZAD ASSET MANAGEMENT INC trimmed | 248,671 | $22M | 0.2% | 2026-Q2 |
| Graves Light Lenhart Wealth, Inc. trimmed | 242,025 | $22M | 0.2% | 2026-Q2 |
| Cresta Advisors, Ltd. added | 241,946 | $22M | 0.2% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 234,257 | $21M | 0.2% | 2026-Q2 |
| IHT Wealth Management, LLC added | 230,119 | $21M | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 220,483 | $20M | 0.2% | 2026-Q2 |
| SIERRA OCEAN, LLC added | 220,001 | $20M | 0.2% | 2026-Q2 |
| Burns Matteson Capital Management, LLC added | 219,926 | $20M | 0.2% | 2026-Q2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV trimmed | 218,789 | $20M | 0.2% | 2026-Q2 |
| Focus Financial Network, Inc. trimmed | 217,531 | $20M | 0.2% | 2026-Q2 |
| Crusonia Wealth Advisors LLC added | 208,288 | $19M | 0.2% | 2026-Q2 |
| Davidson Capital Management Inc. trimmed | 205,685 | $19M | 0.2% | 2026-Q2 |
| MOR Wealth Management, LLC trimmed | 205,024 | $18M | 0.2% | 2026-Q2 |
| JNBA Financial Advisors trimmed | 196,648 | $18M | 0.1% | 2026-Q2 |
| Vigilare Wealth Management trimmed | 195,028 | $18M | 0.1% | 2026-Q2 |
| Sound View Wealth Advisors Group, LLC trimmed | 193,846 | $17M | 0.1% | 2026-Q2 |
| EP Wealth Advisors, LLC added | 193,329 | $17M | 0.1% | 2026-Q2 |
| Sterling Group Wealth Management, LLC trimmed | 193,281 | $17M | 0.1% | 2026-Q2 |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC added | 192,698 | $17M | 0.1% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT CO LTD new | 192,500 | $17M | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 183,279 | $17M | 0.1% | 2026-Q2 |
| Kingsview Wealth Management, LLC added | 179,573 | $16M | 0.1% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 179,395 | $16M | 0.1% | 2026-Q2 |
| RFG Advisory, LLC trimmed | 178,931 | $16M | 0.1% | 2026-Q2 |
| Core Wealth Advisors, Inc. added | 174,879 | $16M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 174,606 | $16M | 0.1% | 2026-Q2 |
| KEYBANK NATIONAL ASSOCIATION/OH added | 173,436 | $16M | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 170,547 | $15M | 0.1% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 169,479 | $15M | 0.1% | 2026-Q2 |
| TD Capital Management LLC added | 168,722 | $15M | 0.1% | 2026-Q2 |
| Schwallier Wealth Management LLC trimmed | 166,099 | $15M | 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.