Who owns SPIB
Which tracked institutional funds hold SPIB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SPIB 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
156 tracked funds added or opened SPIB while 67 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
SPIB’s largest tracked holder by dollar value, LPL Financial LLC, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.8% of theirs — a 0.4pp gap the other way — the median holder sizes SPIB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in SPIB 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 568 tracked filers holding SPIB, 344 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 SPIB 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 22
- RATIONAL ADVISORS, INC.$20M
- Financial Gravity Companies, Inc.$19M
- ALLSTATE CORP$13M
- TWO SIGMA SECURITIES, LLC$10M
- Global Retirement Partners, LLC$9M
- MFA WEALTH ADVISORS, LLC$8M
Full exits 27
- Municipal Employees' Retirement System of Michigan$393M
- HighTower Advisors, LLC$113M
- Capital Analysts, LLC$85M
- BNP PARIBAS FINANCIAL MARKETS$40M
- Independent Advisor Alliance$40M
- Cherry Tree Wealth Management, LLC$22M
Largest adds
- MORGAN STANLEY$208M
- LPL Financial LLC$202M
- American Family Investments, Inc.$148M
- Gradient Investments LLC$46M
- Tower Research Capital LLC (TRC)$44M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$37M
Largest trims
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$391M
- STATE STREET CORP$75M
- NATIONAL BANK OF CANADA /FI/$45M
- JANE STREET GROUP, LLC$42M
- Creative Planning$11M
- Mariner, LLC$10M
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 | 58,146,645 | $1.9B | 25.4% | 2026-Q2 |
| American Family Investments, Inc. added | 14,630,218 | $490M | 6.4% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 12,100,501 | $405M | 5.3% | 2026-Q2 |
| MORGAN STANLEY added | 11,540,116 | $386M | 5.0% | 2026-Q2 |
| Creative Planning trimmed | 7,674,046 | $257M | 3.4% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 7,483,543 | $250M | 3.3% | 2026-Q2 |
| D.A. DAVIDSON & CO. added | 6,668,535 | $223M | 2.9% | 2026-Q2 |
| Wealth Management Nebraska added | 6,308,768 | $211M | 2.8% | 2026-Q2 |
| Waverly Advisors, LLC added | 5,749,007 | $192M | 2.5% | 2026-Q2 |
| ASSETMARK, INC added | 5,299,220 | $177M | 2.3% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 5,284,688 | $177M | 2.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 5,281,512 | $177M | 2.3% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 4,450,915 | $149M | 1.9% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 2,976,767 | $100M | 1.3% | 2026-Q2 |
| CASTLEARK MANAGEMENT LLC | 2,688,380 | $90M | 1.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 2,477,234 | $83M | 1.1% | 2026-Q2 |
| State of New Jersey Common Pension Fund D added | 2,255,766 | $75M | 1.0% | 2026-Q2 |
| Cetera Investment Advisers added | 2,201,262 | $74M | 1.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 2,083,008 | $70M | 0.9% | 2026-Q2 |
| CAPITAL ADVISORS INC/OK added | 1,980,361 | $66M | 0.9% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,810,684 | $61M | 0.8% | 2026-Q2 |
| STRATEGIC PLANNING GROUP, LLC added | 1,746,523 | $58M | 0.8% | 2026-Q2 |
| Dodds Wealth, LLC added | 1,745,184 | $58M | 0.8% | 2026-Q2 |
| TCV Trust & Wealth Management, Inc. added | 1,624,885 | $54M | 0.7% | 2026-Q2 |
| Private Advisor Group, LLC added | 1,497,559 | $50M | 0.7% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,487,597 | $50M | 0.7% | 2026-Q2 |
| Point72 Asset Management, L.P. | 1,410,000 | $47M | 0.6% | 2026-Q2 |
| Zurich Insurance Group Ltd/FI | 1,402,903 | $47M | 0.6% | 2026-Q2 |
| UBS Group AG added | 1,384,957 | $46M | 0.6% | 2026-Q2 |
| Gradient Investments LLC added | 1,377,103 | $46M | 0.6% | 2026-Q2 |
| Orange Investment Advisors, Inc. added | 1,339,605 | $45M | 0.6% | 2026-Q2 |
| STEPHENS GROUP ASSET MANAGEMENT, LLC added | 1,322,807 | $44M | 0.6% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 1,233,608 | $41M | 0.5% | 2026-Q2 |
| CGN Advisors LLC added | 1,227,129 | $41M | 0.5% | 2026-Q2 |
| MANNING & NAPIER ADVISORS LLC added | 1,224,700 | $41M | 0.5% | 2026-Q2 |
| Roberts Financial Services LLC added | 1,180,578 | $40M | 0.5% | 2026-Q2 |
| Carnegie Investment Counsel trimmed | 1,126,579 | $38M | 0.5% | 2026-Q2 |
| Rockwood Wealth Management, LLC added | 1,073,166 | $36M | 0.5% | 2026-Q2 |
| Advisors Capital Management, LLC added | 1,042,579 | $35M | 0.5% | 2026-Q2 |
| RMG Wealth Management LLC added | 1,009,284 | $33M | 0.4% | 2026-Q2 |
| Concord Wealth Partners added | 1,008,318 | $34M | 0.4% | 2026-Q2 |
| Concord Asset Management, LLC/VA added | 984,539 | $33M | 0.4% | 2026-Q2 |
| High Probability Advisors, LLC added | 939,100 | $31M | 0.4% | 2026-Q2 |
| BARTLETT & CO. WEALTH MANAGEMENT LLC added | 937,863 | $31M | 0.4% | 2026-Q2 |
| Dynamic Advisor Solutions LLC added | 937,504 | $31M | 0.4% | 2026-Q2 |
| Migdal Insurance & Financial Holdings Ltd. added | 927,502 | $31M | 0.4% | 2026-Q2 |
| Apella Capital, LLC added | 883,930 | $29M | 0.4% | 2026-Q2 |
| ST GERMAIN D J CO INC added | 880,809 | $29M | 0.4% | 2026-Q2 |
| Occidental Asset Management, LLC added | 842,398 | $28M | 0.4% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 820,897 | $17M | 0.2% | 2026-Q2 |
| Merit Financial Group, LLC added | 802,985 | $27M | 0.4% | 2026-Q2 |
| Crews Bank & Trust added | 796,215 | $27M | 0.3% | 2026-Q2 |
| Clark Capital Management Group, Inc. added | 774,781 | $26M | 0.3% | 2026-Q2 |
| Cerity Partners LLC added | 759,804 | $25M | 0.3% | 2026-Q2 |
| INTEGRITY ALLIANCE, LLC. added | 758,698 | $25M | 0.3% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 748,378 | $25M | 0.3% | 2026-Q2 |
| Your Advocates Ltd., LLP added | 715,395 | $24M | 0.3% | 2026-Q2 |
| NOTTINGHAM ADVISORS, INC. trimmed | 681,369 | $32M | 0.4% | 2026-Q2 |
| CANTOR FITZGERALD INVESTMENT ADVISORS L.P. added | 650,751 | $22M | 0.3% | 2026-Q2 |
| GoalVest Advisory LLC added | 632,007 | $21M | 0.3% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 628,500 | $21M | 0.3% | 2026-Q2 |
| Gladstone Institutional Advisory LLC added | 617,222 | $21M | 0.3% | 2026-Q2 |
| RATIONAL ADVISORS, INC. new | 594,978 | $20M | 0.3% | 2026-Q2 |
| Cornerstone Wealth Management, LLC added | 584,745 | $20M | 0.3% | 2026-Q2 |
| Financial Gravity Companies, Inc. added | 577,336 | $19M | 0.3% | 2026-Q2 |
| Compton Financial Group, LLC trimmed | 566,963 | $19M | 0.2% | 2026-Q2 |
| TRUEFG, LLC added | 560,200 | $19M | 0.2% | 2026-Q2 |
| Evergreen Wealth Partners LLC added | 559,513 | $19M | 0.2% | 2026-Q2 |
| AllGen Financial Advisors, Inc. added | 519,935 | $17M | 0.2% | 2026-Q2 |
| Symphony Financial, Ltd. Co. added | 515,982 | $17M | 0.2% | 2026-Q2 |
| WRAPMANAGER INC added | 500,664 | $17M | 0.2% | 2026-Q2 |
| Walker Financial Services, Inc. added | 500,108 | $17M | 0.2% | 2026-Q2 |
| Fortune 45 LLC added | 495,365 | $17M | 0.2% | 2026-Q2 |
| Summit Financial, LLC added | 491,970 | $16M | 0.2% | 2026-Q2 |
| Three Arch Wealth Management LLC added | 479,301 | $16M | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 473,606 | $16M | 0.2% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. added | 457,974 | $15M | 0.2% | 2026-Q2 |
| &PARTNERS added | 444,123 | $15M | 0.2% | 2026-Q2 |
| Leicht Financial Planning & Wealth Management, Inc. added | 439,193 | $15M | 0.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 432,405 | $14M | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp added | 430,914 | $14M | 0.2% | 2026-Q2 |
| KWB Wealth trimmed | 425,676 | $14M | 0.2% | 2026-Q2 |
| INTEGRAL INVESTMENT ADVISORS, INC. added | 415,946 | $14M | 0.2% | 2026-Q2 |
| Union Bancaire Privee, UBP SA added | 415,552 | $14M | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 403,564 | $14M | 0.2% | 2026-Q2 |
| Empowered Funds, LLC added | 400,856 | $13M | 0.2% | 2026-Q2 |
| Spartan Wealth Advisory Services LLC added | 390,646 | $13M | 0.2% | 2026-Q2 |
| STATE STREET CORP trimmed | 387,515 | $13M | 0.2% | 2026-Q2 |
| ALLSTATE CORP new | 374,529 | $13M | 0.2% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 364,182 | $12M | 0.2% | 2026-Q2 |
| Burns Matteson Capital Management, LLC added | 350,124 | $12M | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 340,018 | $11M | 0.1% | 2026-Q2 |
| LEUTHOLD GROUP, LLC trimmed | 337,668 | $11M | 0.1% | 2026-Q2 |
| True Blue Financial, LLC trimmed | 337,154 | $11M | 0.1% | 2026-Q2 |
| Phoenix Financial Ltd. added | 336,162 | $11M | 0.1% | 2026-Q2 |
| Flatrock Wealth Partners LLC added | 320,001 | $11M | 0.1% | 2026-Q2 |
| Banque Transatlantique SA added | 316,413 | $11M | 0.1% | 2026-Q2 |
| Collier Financial added | 315,654 | $11M | 0.1% | 2026-Q2 |
| NorthCrest Asset Manangement, LLC added | 313,094 | $10M | 0.1% | 2026-Q2 |
| Auour Investments LLC added | 307,853 | $10M | 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.