Who owns SPHY (SPHY)
Which tracked institutional funds hold SPHY, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SPHY 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
142 tracked funds added or opened SPHY while 100 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
SPHY’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.3pp gap the other way — the median holder sizes SPHY more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in SPHY 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 522 tracked filers holding SPHY, 330 increased or opened the position and 221 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 SPHY 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
- MetLife Investment Management, LLC$39M
- RETIREMITTEN FINANCIAL LLC$14M
- Independent Advisor Alliance$12M
- TSG Advice Partners, LLC$12M
- CHOREO, LLC$10M
- Keeler Thomas Management LLC$9M
Full exits 35
- NEOS Investment Management LLC$61M
- TOEWS CORP /ADV$39M
- SageView Advisory Group, LLC$34M
- PRINCIPAL FINANCIAL GROUP INC$26M
- Donoghue Forlines LLC$26M
- RATIONAL ADVISORS, INC.$24M
Largest adds
- Elo Mutual Pension Insurance Co$114M
- Creative Planning$108M
- Municipal Employees' Retirement System of Michigan$49M
- 49 WEALTH MANAGEMENT, LLC$44M
- Cetera Investment Advisers$33M
- Advisory Alpha, LLC$25M
Largest trims
- BANK OF AMERICA CORP /DE/$446M
- GRIMES & Co WEALTH MANAGEMENT, LLC$171M
- Ilmarinen Mutual Pension Insurance Co$69M
- State of New Jersey Common Pension Fund D$48M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$35M
- WELLS FARGO & COMPANY/MN$15M
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 | 28,502,235 | $665M | 10.9% | 2026-Q1 |
| Ilmarinen Mutual Pension Insurance Co trimmed | 20,450,000 | $477M | 7.8% | 2026-Q1 |
| SEI INVESTMENTS CO added | 19,832,325 | $462M | 7.6% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 10,707,362 | $250M | 4.1% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 9,619,126 | $224M | 3.7% | 2026-Q1 |
| LPL Financial LLC added | 9,302,194 | $217M | 3.5% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 8,890,824 | $207M | 3.4% | 2026-Q1 |
| Municipal Employees' Retirement System of Michigan added | 8,191,734 | $191M | 3.1% | 2026-Q1 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC added | 7,610,670 | $177M | 2.9% | 2026-Q1 |
| US BANCORP \DE\ added | 6,695,070 | $159M | 2.6% | 2026-Q1 |
| Elo Mutual Pension Insurance Co added | 5,950,000 | $139M | 2.3% | 2026-Q1 |
| MORGAN STANLEY added | 5,920,343 | $138M | 2.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 5,078,511 | $118M | 1.9% | 2026-Q1 |
| Advisory Alpha, LLC added | 4,754,445 | $111M | 1.8% | 2026-Q1 |
| Creative Planning added | 4,739,179 | $111M | 1.8% | 2026-Q1 |
| Asset Management One Co., Ltd. added | 4,425,620 | $103M | 1.7% | 2026-Q1 |
| Ocean Park Asset Management, LLC added | 3,964,799 | $92M | 1.5% | 2026-Q1 |
| 1832 Asset Management L.P. added | 3,598,970 | $84M | 1.4% | 2026-Q1 |
| Cetera Investment Advisers added | 3,556,254 | $83M | 1.4% | 2026-Q1 |
| Advisors Capital Management, LLC added | 3,331,245 | $78M | 1.3% | 2026-Q1 |
| Kensington Asset Management, LLC | 3,261,605 | $77M | 1.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 3,222,719 | $75M | 1.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 2,684,871 | $63M | 1.0% | 2026-Q1 |
| Capital Analysts, LLC added | 2,383,246 | $56M | 0.9% | 2026-Q1 |
| 49 WEALTH MANAGEMENT, LLC added | 2,196,449 | $51M | 0.8% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 2,108,742 | $49M | 0.8% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC added | 1,802,745 | $42M | 0.7% | 2026-Q1 |
| BOKF, NA added | 1,748,686 | $41M | 0.7% | 2026-Q1 |
| MetLife Investment Management, LLC new | 1,674,673 | $39M | 0.6% | 2026-Q1 |
| CORNERSTONE ENTERPRISES, LLC trimmed | 1,653,907 | $39M | 0.6% | 2026-Q1 |
| Apella Capital, LLC added | 1,556,326 | $37M | 0.6% | 2026-Q1 |
| State of New Jersey Common Pension Fund D trimmed | 1,566,858 | $37M | 0.6% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 1,508,372 | $35M | 0.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,484,711 | $35M | 0.6% | 2026-Q1 |
| Iowa State Bank added | 1,392,819 | $32M | 0.5% | 2026-Q1 |
| ASSETMARK, INC added | 1,368,848 | $32M | 0.5% | 2026-Q1 |
| UBS Group AG added | 1,366,189 | $32M | 0.5% | 2026-Q1 |
| CNO Financial Group, Inc. | 1,279,000 | $30M | 0.5% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 1,278,279 | $30M | 0.5% | 2026-Q1 |
| DIVERSIFY WEALTH MANAGEMENT, LLC added | 1,178,808 | $28M | 0.5% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC | 1,164,443 | $27M | 0.4% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,150,019 | $27M | 0.4% | 2026-Q1 |
| Horizon Investments, LLC added | 1,586,460 | $27M | 0.4% | 2026-Q1 |
| Kohmann Bosshard Financial Services, LLC added | 1,081,114 | $25M | 0.4% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC added | 1,072,466 | $25M | 0.4% | 2026-Q1 |
| Madison Asset Management, LLC trimmed | 1,071,755 | $25M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 1,060,271 | $25M | 0.4% | 2026-Q1 |
| STATE STREET CORP trimmed | 1,026,212 | $24M | 0.4% | 2026-Q1 |
| CONNING INC. added | 1,023,746 | $24M | 0.4% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 1,000,577 | $23M | 0.4% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 996,761 | $23M | 0.4% | 2026-Q1 |
| RFG Holdings, Inc. trimmed | 977,503 | $23M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 920,706 | $21M | 0.4% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 896,825 | $21M | 0.3% | 2026-Q1 |
| Belpointe Asset Management LLC trimmed | 894,286 | $21M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp added | 886,713 | $21M | 0.3% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 879,685 | $20M | 0.3% | 2026-Q1 |
| Asset Allocation & Management Company, LLC | 804,501 | $19M | 0.3% | 2026-Q1 |
| AlphaStar Capital Management, LLC trimmed | 795,537 | $19M | 0.3% | 2026-Q1 |
| CWM, LLC trimmed | 778,813 | $18M | 0.3% | 2026-Q1 |
| Syntegra Private Wealth Group, LLC trimmed | 776,957 | $18M | 0.3% | 2026-Q1 |
| CHRISTINE MESSMER PC added | 749,153 | $17M | 0.3% | 2026-Q1 |
| Inspire Advisors, LLC added | 738,686 | $17M | 0.3% | 2026-Q1 |
| Equitable Holdings, Inc. added | 725,940 | $17M | 0.3% | 2026-Q1 |
| SAM Advisors, LLC added | 714,646 | $17M | 0.3% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 705,522 | $16M | 0.3% | 2026-Q1 |
| Willis Johnson & Associates, Inc. added | 681,993 | $16M | 0.3% | 2026-Q1 |
| Financial Futures Ltd Liability Co. added | 646,986 | $15M | 0.2% | 2026-Q1 |
| Alaska Permanent Capital Management, LLC added | 635,087 | $15M | 0.2% | 2026-Q1 |
| MGO ONE SEVEN LLC trimmed | 603,913 | $14M | 0.2% | 2026-Q1 |
| RETIREMITTEN FINANCIAL LLC new | 582,023 | $14M | 0.2% | 2026-Q1 |
| Hilltop Partners LLC added | 575,544 | $13M | 0.2% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 575,522 | $13M | 0.2% | 2026-Q1 |
| Independent Advisor Alliance added | 520,588 | $12M | 0.2% | 2026-Q1 |
| TSG Advice Partners, LLC new | 503,965 | $12M | 0.2% | 2026-Q1 |
| HORIZON FINANCIAL SERVICES, LLC added | 491,188 | $11M | 0.2% | 2026-Q1 |
| DT Investment Partners, LLC added | 488,147 | $11M | 0.2% | 2026-Q1 |
| Quartz Partners, LLC trimmed | 456,746 | $11M | 0.2% | 2026-Q1 |
| Curran Financial Partners, LLC added | 453,267 | $11M | 0.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 448,944 | $10M | 0.2% | 2026-Q1 |
| FINANCIAL ADVISORY PARTNERS, LLC trimmed | 446,622 | $10M | 0.2% | 2026-Q1 |
| CHOREO, LLC new | 432,182 | $10M | 0.2% | 2026-Q1 |
| Northeast Financial Group, Inc. added | 429,967 | $10M | 0.2% | 2026-Q1 |
| Bensler, LLC trimmed | 423,012 | $10M | 0.2% | 2026-Q1 |
| Atlas Private Wealth Advisors trimmed | 421,456 | $10M | 0.2% | 2026-Q1 |
| WCG Wealth Advisors LLC added | 419,806 | $10M | 0.2% | 2026-Q1 |
| Carolina Wealth Advisors, LLC trimmed | 415,461 | $10M | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 398,395 | $9M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 395,108 | $9M | 0.2% | 2026-Q1 |
| ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP trimmed | 3,432,661 | $82M | 1.3% | 2025-Q2 stale |
| NEOS Investment Management LLC added | 2,574,955 | $61M | 1.0% | 2025-Q4 stale |
| TOEWS CORP /ADV added | 1,655,700 | $39M | 0.6% | 2025-Q4 stale |
| SageView Advisory Group, LLC added | 1,442,659 | $34M | 0.6% | 2025-Q4 stale |
| PRINCIPAL FINANCIAL GROUP INC | 1,088,550 | $26M | 0.4% | 2025-Q4 stale |
| Donoghue Forlines LLC added | 1,084,667 | $26M | 0.4% | 2025-Q4 stale |
| RATIONAL ADVISORS, INC. trimmed | 1,002,765 | $24M | 0.4% | 2025-Q4 stale |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 734,100 | $18M | 0.3% | 2025-Q3 stale |
| POTOMAC FUND MANAGEMENT INC /ADV new | 732,526 | $17M | 0.3% | 2025-Q1 stale |
| CONFLUENCE INVESTMENT MANAGEMENT LLC added | 505,720 | $12M | 0.2% | 2025-Q1 stale |
| Jefferies Financial Group Inc. added | 410,058 | $10M | 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.