Who owns SPMD
Which tracked institutional funds hold SPMD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SPMD company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-18). 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 SPMD is one-sided between 2026-Q1 and 2026-Q2: 314 added or opened and 55 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
SPMD’s largest tracked holder by dollar value, Creative Planning, sizes it at 4.0% of its own reported 13F book, while the median holder sizes it at 0.7% of theirs — a 3.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SPMD 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 818 tracked filers holding SPMD, 429 increased or opened the position and 336 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 SPMD 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 19
- Global Retirement Partners, LLC$29M
- Financial Gravity Companies, Inc.$21M
- TWO SIGMA INVESTMENTS, LP$8M
- IFG Advisory, LLC$6M
- TOP Private Wealth LLC.$5M
- Transcendent Capital Group LLC$2M
Full exits 27
- Betterment LLC$1.2B
- CWM, LLC$134M
- HighTower Advisors, LLC$118M
- TEXAS PERMANENT SCHOOL FUND CORP$31M
- TSG Advice Partners, LLC$28M
- Penserra Capital Management LLC$24M
Largest adds
- Creative Planning$1.1B
- BANK OF AMERICA CORP /DE/$471M
- LPL Financial LLC$148M
- ENVESTNET ASSET MANAGEMENT INC$58M
- Valmark Advisers, Inc.$52M
- Koss-Olinger Consulting, LLC$43M
Largest trims
- UBS Group AG$111M
- Independent Advisor Alliance$18M
- Worth Financial Advisory Group, LLC$9M
- Auto-Owners Insurance Co$8M
- Stewardship Advisors, LLC$6M
- Tower Research Capital LLC (TRC)$6M
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 |
|---|---|---|---|---|
| Creative Planning added | 101,248,410 | $6.8B | 49.9% | 2026-Q2 |
| LPL Financial LLC added | 13,456,379 | $909M | 6.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 8,659,408 | $585M | 4.3% | 2026-Q2 |
| Valmark Advisers, Inc. trimmed | 7,099,453 | $480M | 3.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 4,488,056 | $303M | 2.2% | 2026-Q2 |
| MORGAN STANLEY added | 3,893,545 | $263M | 1.9% | 2026-Q2 |
| AlTi Global, Inc. trimmed | 2,803,253 | $189M | 1.4% | 2026-Q2 |
| Facet Wealth, Inc. added | 2,636,343 | $178M | 1.3% | 2026-Q2 |
| First Command Advisory Services, Inc. added | 2,038,889 | $138M | 1.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 1,918,268 | $130M | 0.9% | 2026-Q2 |
| UBS Group AG trimmed | 1,714,902 | $116M | 0.8% | 2026-Q2 |
| Koss-Olinger Consulting, LLC added | 1,574,014 | $106M | 0.8% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 1,535,784 | $104M | 0.8% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 1,518,548 | $103M | 0.7% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 1,492,239 | $101M | 0.7% | 2026-Q2 |
| MASON STREET ADVISORS, LLC trimmed | 1,419,072 | $96M | 0.7% | 2026-Q2 |
| Hancock Prospecting Pty Ltd | 1,410,470 | $95M | 0.7% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL added | 1,294,582 | $87M | 0.6% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 1,230,591 | $83M | 0.6% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 1,223,685 | $83M | 0.6% | 2026-Q2 |
| Hills Bank & Trust Co trimmed | 1,215,987 | $82M | 0.6% | 2026-Q2 |
| Cornerstone Wealth Management, LLC trimmed | 1,107,956 | $75M | 0.5% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,050,971 | $71M | 0.5% | 2026-Q2 |
| Auto-Owners Insurance Co trimmed | 1,040,000 | $70M | 0.5% | 2026-Q2 |
| GREENLEAF TRUST added | 984,218 | $66M | 0.5% | 2026-Q2 |
| VICUS CAPITAL added | 927,780 | $63M | 0.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 920,576 | $62M | 0.5% | 2026-Q2 |
| Composition Wealth, LLC added | 908,750 | $61M | 0.4% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 892,359 | $60M | 0.4% | 2026-Q2 |
| HHM Wealth Advisors, LLC added | 856,429 | $58M | 0.4% | 2026-Q2 |
| BOKF, NA added | 827,035 | $56M | 0.4% | 2026-Q2 |
| JNBA Financial Advisors trimmed | 815,885 | $55M | 0.4% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 778,352 | $53M | 0.4% | 2026-Q2 |
| 1900 WEALTH MANAGEMENT LLC added | 774,635 | $52M | 0.4% | 2026-Q2 |
| Peterson Wealth Advisors, LLC added | 748,284 | $51M | 0.4% | 2026-Q2 |
| AlphaStar Capital Management, LLC trimmed | 741,916 | $50M | 0.4% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 740,863 | $50M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 732,536 | $49M | 0.4% | 2026-Q2 |
| BlackRock, Inc. added | 729,476 | $49M | 0.4% | 2026-Q2 |
| RKL Wealth Management LLC added | 720,231 | $49M | 0.4% | 2026-Q2 |
| RETIREMENT INCOME SOLUTIONS, INC trimmed | 714,469 | $42M | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. added | 703,911 | $48M | 0.3% | 2026-Q2 |
| Impact Partnership Wealth, LLC added | 687,948 | $46M | 0.3% | 2026-Q2 |
| OARSMAN CAPITAL, INC. added | 642,059 | $43M | 0.3% | 2026-Q2 |
| Savant Capital, LLC added | 595,107 | $38M | 0.3% | 2026-Q2 |
| Atlas Private Wealth Advisors added | 559,902 | $38M | 0.3% | 2026-Q2 |
| Gerber Kawasaki Wealth & Investment Management added | 522,957 | $35M | 0.3% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. added | 516,571 | $35M | 0.3% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 514,000 | $35M | 0.3% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 498,535 | $23M | 0.2% | 2026-Q2 |
| Dakota Wealth Management added | 497,764 | $34M | 0.2% | 2026-Q2 |
| Corient Private Wealth LP added | 493,348 | $33M | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 491,126 | $33M | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 479,984 | $32M | 0.2% | 2026-Q2 |
| Waverly Advisors, LLC added | 478,595 | $32M | 0.2% | 2026-Q2 |
| CAHABA WEALTH MANAGEMENT, INC. trimmed | 467,183 | $32M | 0.2% | 2026-Q2 |
| ASSETMARK, INC added | 457,527 | $31M | 0.2% | 2026-Q2 |
| Financial Strategies Group, Inc. added | 442,361 | $29M | 0.2% | 2026-Q2 |
| ST GERMAIN D J CO INC added | 442,350 | $30M | 0.2% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 435,087 | $29M | 0.2% | 2026-Q2 |
| CIBC Bancorp USA Inc. added | 433,583 | $29M | 0.2% | 2026-Q2 |
| Ellenbecker Investment Group added | 421,419 | $28M | 0.2% | 2026-Q2 |
| Integrity Advisory Solutions, LLC added | 407,945 | $28M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 398,855 | $27M | 0.2% | 2026-Q2 |
| First National Trust Co trimmed | 397,969 | $27M | 0.2% | 2026-Q2 |
| Cerity Partners LLC added | 390,075 | $26M | 0.2% | 2026-Q2 |
| OneAscent Financial Services LLC trimmed | 385,267 | $26M | 0.2% | 2026-Q2 |
| Octavia Wealth Advisors, LLC added | 378,745 | $26M | 0.2% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 378,182 | $26M | 0.2% | 2026-Q2 |
| EVERMAY WEALTH MANAGEMENT LLC added | 370,105 | $25M | 0.2% | 2026-Q2 |
| RESTON WEALTH MANAGEMENT LLC added | 344,616 | $23M | 0.2% | 2026-Q2 |
| Marathon Strategic Advisors, LLC added | 343,706 | $23M | 0.2% | 2026-Q2 |
| Geneos Wealth Management Inc. added | 336,945 | $23M | 0.2% | 2026-Q2 |
| Gladstone Institutional Advisory LLC added | 333,055 | $23M | 0.2% | 2026-Q2 |
| Cetera Investment Advisers added | 325,592 | $22M | 0.2% | 2026-Q2 |
| RFG Advisory, LLC trimmed | 325,572 | $22M | 0.2% | 2026-Q2 |
| Crews Bank & Trust trimmed | 317,015 | $21M | 0.2% | 2026-Q2 |
| Financial Gravity Companies, Inc. added | 307,321 | $21M | 0.2% | 2026-Q2 |
| New Perspectives, Inc added | 306,457 | $21M | 0.2% | 2026-Q2 |
| Shepherd Financial Partners LLC added | 303,394 | $20M | 0.1% | 2026-Q2 |
| Alta Wealth Advisors LLC trimmed | 294,514 | $20M | 0.1% | 2026-Q2 |
| Allworth Financial LP trimmed | 292,169 | $20M | 0.1% | 2026-Q2 |
| Avior Wealth Management, LLC added | 290,317 | $20M | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 277,214 | $19M | 0.1% | 2026-Q2 |
| COLDSTREAM CAPITAL MANAGEMENT INC added | 273,796 | $18M | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 266,427 | $18M | 0.1% | 2026-Q2 |
| Lido Advisors, LLC added | 265,663 | $18M | 0.1% | 2026-Q2 |
| NORTH STAR ASSET MANAGEMENT INC added | 258,787 | $17M | 0.1% | 2026-Q2 |
| Venture Visionary Partners LLC trimmed | 257,868 | $17M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 257,591 | $17M | 0.1% | 2026-Q2 |
| Montz Harcus Wealth Management LLC added | 257,179 | $17M | 0.1% | 2026-Q2 |
| Summit Trail Advisors, LLC trimmed | 255,712 | $17M | 0.1% | 2026-Q2 |
| Bensler, LLC added | 247,497 | $17M | 0.1% | 2026-Q2 |
| Cascade Financial Partners, LLC added | 247,468 | $17M | 0.1% | 2026-Q2 |
| SageView Advisory Group, LLC added | 236,358 | $16M | 0.1% | 2026-Q2 |
| Higgins & Schmidt Wealth Strategies LLC added | 229,878 | $16M | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 223,245 | $15M | 0.1% | 2026-Q2 |
| IAG Wealth Partners, LLC trimmed | 222,817 | $15M | 0.1% | 2026-Q2 |
| TPG Financial Advisors, LLC added | 222,569 | $15M | 0.1% | 2026-Q2 |
| Mariner, LLC trimmed | 219,884 | $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.