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Institutional Ownership · SEC Form 13F

Who owns SPMB (SPMB)


Which tracked institutional funds hold SPMB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SPMB 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.

239
Institutional holders
285,810,071
Shares held (tracked funds)

How the tape is positioned

54 tracked funds added or opened SPMB while 32 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

SPMB’s largest tracked holder by dollar value, Financial Engines Advisors L.L.C., sizes it at 8.6% of its own reported 13F book, while the median holder sizes it at 0.4% of theirs — a 8.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in SPMB 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 239 tracked filers holding SPMB, 134 increased or opened the position and 113 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 SPMB 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 12

  • Summit Financial, LLC$15M
  • Private Advisory Group LLC$13M
  • GOLDMAN SACHS GROUP INC$3M
  • Apollon Financial, LLC$3M
  • MERCER GLOBAL ADVISORS INC /ADV$2M
  • Marks Group Wealth Management, Inc$2M

Full exits 10

  • RETIREMENT CAPITAL STRATEGIES$6M
  • JANE STREET GROUP, LLC$3M
  • Q3 Asset Management$3M
  • Redwood Financial Network Corp$2M
  • Diversify Advisory Services, LLC$2M
  • SFG Wealth Management, LLC.$2M

Largest adds

  • LPL Financial LLC$71M
  • Independent Advisor Alliance$34M
  • STATE STREET CORP$28M
  • Gladstone Institutional Advisory LLC$15M
  • Gibbs Wealth Management$9M
  • BENJAMIN EDWARDS INC$7M

Largest trims

  • Financial Engines Advisors L.L.C.$15M
  • CONFLUENCE INVESTMENT MANAGEMENT LLC$9M
  • Stratos Wealth Partners, LTD.$8M
  • Compton Financial Group, LLC$8M
  • Lido Advisors, LLC$4M
  • Kestra Investment Management, LLC$3M

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).

FundSharesReported value% of valueQuarter
Financial Engines Advisors L.L.C. trimmed188,312,251$4.2B65.5%2026-Q1
LPL Financial LLC added23,426,337$525M8.1%2026-Q1
STIFEL FINANCIAL CORP added7,861,710$176M2.7%2026-Q1
BENJAMIN EDWARDS INC added6,426,504$144M2.2%2026-Q1
STATE STREET CORP added6,291,307$141M2.2%2026-Q1
CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed3,853,493$86M1.3%2026-Q1
AMERIPRISE FINANCIAL INC added3,476,902$78M1.2%2026-Q1
CX Institutional added2,672,691$60M0.9%2026-Q1
CWM, LLC added2,413,888$54M0.8%2026-Q1
BANK OF AMERICA CORP /DE/ added2,183,078$49M0.8%2026-Q1
Advisory Alpha, LLC trimmed2,167,242$49M0.8%2026-Q1
MORGAN STANLEY added1,891,983$42M0.7%2026-Q1
ASSETMARK, INC added1,813,363$41M0.6%2026-Q1
Compton Financial Group, LLC trimmed1,762,070$39M0.6%2026-Q1
Independent Advisor Alliance added1,551,453$35M0.5%2026-Q1
Zurich Insurance Group Ltd/FI1,482,295$33M0.5%2026-Q1
JPMORGAN CHASE & CO added1,348,194$30M0.5%2026-Q1
Financial Plan, Inc. added1,271,622$28M0.4%2026-Q1
Baird Financial Group, Inc. added1,075,176$24M0.4%2026-Q1
FINANCIAL LIFE ADVISORS added1,041,380$23M0.4%2026-Q1
Sanctuary Advisors, LLC added1,001,879$22M0.3%2026-Q1
Leicht Financial Planning & Wealth Management, Inc. trimmed916,363$21M0.3%2026-Q1
ALTFEST L J & CO INC added862,594$19M0.3%2026-Q1
Gibbs Wealth Management added843,445$19M0.3%2026-Q1
Gladstone Institutional Advisory LLC added822,025$18M0.3%2026-Q1
93 Financial Group, LLC added779,674$17M0.3%2026-Q1
Cetera Investment Advisers added768,195$17M0.3%2026-Q1
ST GERMAIN D J CO INC added686,198$15M0.2%2026-Q1
SIGNET FINANCIAL MANAGEMENT, LLC trimmed674,477$15M0.2%2026-Q1
Summit Financial, LLC new672,888$15M0.2%2026-Q1
Collier Financial added628,359$14M0.2%2026-Q1
Stokes Family Office, LLC trimmed602,665$13M0.2%2026-Q1
Private Advisory Group LLC new587,175$13M0.2%2026-Q1
Tidemark, LLC added582,067$13M0.2%2026-Q1
Private Advisor Group, LLC trimmed553,135$12M0.2%2026-Q1
Mariner, LLC trimmed462,734$10M0.2%2026-Q1
Equitable Holdings, Inc. added436,553$10M0.2%2026-Q1
Stratos Wealth Partners, LTD. trimmed422,572$9M0.1%2026-Q1
Certified Advisory Corp added415,543$9M0.1%2026-Q1
FLAGSHIP HARBOR ADVISORS, LLC trimmed390,465$9M0.1%2026-Q1
Chesapeake Wealth Management added316,789$7M0.1%2026-Q1
ENVESTNET ASSET MANAGEMENT INC trimmed305,628$7M0.1%2026-Q1
CANTOR FITZGERALD INVESTMENT ADVISORS L.P. added304,484$7M0.1%2026-Q1
Detalus Advisors, LLC added279,659$6M0.1%2026-Q1
Portside Wealth Group, LLC added267,523$6M0.1%2026-Q1
ABOUND FINANCIAL, LLC trimmed266,628$6M0.1%2026-Q1
TSFG, LLC added247,538$6M0.1%2026-Q1
Clearwater Capital Advisors, LLC trimmed236,435$5M0.1%2026-Q1
Checchi Capital Advisers, LLC trimmed223,175$5M0.1%2026-Q1
Mutual Advisors, LLC added217,259$5M0.1%2026-Q1
Midwest Capital Advisors, LLC added210,909$5M0.1%2026-Q1
Waverly Advisors, LLC added210,632$5M0.1%2026-Q1
HORIZON FINANCIAL SERVICES, LLC trimmed210,420$5M0.1%2026-Q1
Integrated Wealth Concepts LLC added206,116$5M0.1%2026-Q1
Drucker Wealth 3.0, LLC added204,701$5M0.1%2026-Q1
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added204,152$5M0.1%2026-Q1
Boltwood Capital Management added202,063$5M0.1%2026-Q1
Western Wealth Management, LLC trimmed189,261$4M0.1%2026-Q1
Valmark Advisers, Inc. added174,263$4M0.1%2026-Q1
Keystone Financial Group added171,707$4M0.1%2026-Q1
Visionary Wealth Advisors added163,560$4M0.1%2026-Q1
West Wealth Group, LLC added158,721$4M0.1%2026-Q1
Vertex Planning Partners, LLC added138,786$3M0.0%2026-Q1
OSAIC HOLDINGS, INC. trimmed137,196$3M0.0%2026-Q1
Vise Technologies, Inc.132,595$3M0.0%2026-Q1
EHRLICH FINANCIAL GROUP added131,490$3M0.0%2026-Q1
Farther Finance Advisors, LLC added129,862$3M0.0%2026-Q1
Spectrum Planning & Advisory Services Inc. added128,424$3M0.0%2026-Q1
RAYMOND JAMES FINANCIAL INC trimmed123,948$3M0.0%2026-Q1
GOLDMAN SACHS GROUP INC trimmed122,607$3M0.0%2026-Q1
Dynamic Advisor Solutions LLC added122,455$3M0.0%2026-Q1
Kingsview Wealth Management, LLC trimmed119,021$3M0.0%2026-Q1
Seed Wealth Management, Inc. trimmed118,560$3M0.0%2026-Q1
Apollon Financial, LLC new115,219$3M0.0%2026-Q1
CacheTech Inc. added106,495$2M0.0%2026-Q1
CAPTRUST FINANCIAL ADVISORS added103,264$2M0.0%2026-Q1
DIVERSIFY WEALTH MANAGEMENT, LLC added99,734$2M0.0%2026-Q1
Kestra Advisory Services, LLC trimmed98,278$2M0.0%2026-Q1
Alesco Advisors, LLC, An ESL Co96,070$2M0.0%2026-Q1
Adams Wealth Management added96,061$2M0.0%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC trimmed94,559$2M0.0%2026-Q1
Forefront Wealth Partners, LLC added89,161$2M0.0%2026-Q1
Archer Investment Management, LLC added87,193$2M0.0%2026-Q1
MERCER GLOBAL ADVISORS INC /ADV trimmed86,650$2M0.0%2026-Q1
Strategic Financial Concepts, LLC added1,917,761$43M0.7%2025-Q3 stale
BlackRock, Inc. trimmed546,515$12M0.2%2025-Q3 stale
CITADEL ADVISORS LLC added361,727$8M0.1%2025-Q3 stale
KWB Wealth trimmed269,723$6M0.1%2025-Q1 stale
RETIREMENT CAPITAL STRATEGIES added250,812$6M0.1%2025-Q4 stale
Good Life Advisors, LLC added210,147$5M0.1%2025-Q2 stale
TOWNSQUARE CAPITAL LLC trimmed161,096$4M0.1%2025-Q2 stale
JANE STREET GROUP, LLC added151,202$3M0.1%2025-Q4 stale
Fisher Asset Management, LLC trimmed147,312$3M0.1%2025-Q2 stale
RITHOLTZ WEALTH MANAGEMENT new143,353$3M0.0%2025-Q1 stale
Q3 Asset Management new128,601$3M0.0%2025-Q4 stale
Synergy Investment Management, LLC trimmed104,423$2M0.0%2025-Q1 stale
Advisor Resource Council added99,404$2M0.0%2025-Q1 stale
COBBLESTONE CAPITAL ADVISORS LLC /NY/ added93,645$2M0.0%2025-Q3 stale
Willow Creek Wealth Management Inc. added92,874$2M0.0%2025-Q3 stale
Redwood Financial Network Corp trimmed92,797$2M0.0%2025-Q4 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.

HoldersTotal shares

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.

Learn how to read institutional ownership