Who owns SPSM
Which tracked institutional funds hold SPSM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SPSM 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
The tracked-fund tape on SPSM is one-sided between 2026-Q1 and 2026-Q2: 389 added or opened and 71 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
SPSM’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 0.5% of theirs — a 0.2pp gap the other way — the median holder sizes SPSM more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in SPSM 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 1019 tracked filers holding SPSM, 521 increased or opened the position and 460 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 SPSM 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
- Clark Capital Management Group, Inc.$35M
- Financial Gravity Companies, Inc.$24M
- Diversify Advisory Services, LLC$22M
- Trustees of Dartmouth College$20M
- Global Retirement Partners, LLC$15M
- Strategic Financial Planning, Inc.$13M
Full exits 35
- Betterment LLC$919M
- HighTower Advisors, LLC$51M
- CWM, LLC$33M
- TSG Advice Partners, LLC$29M
- Cambridge Investment Research Advisors, Inc.$29M
- Penserra Capital Management LLC$21M
Largest adds
- BANK OF AMERICA CORP /DE/$511M
- LPL Financial LLC$264M
- ENVESTNET ASSET MANAGEMENT INC$160M
- MORGAN STANLEY$92M
- Financial Engines Advisors L.L.C.$85M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$62M
Largest trims
- Independent Advisor Alliance$55M
- SCHRODER INVESTMENT MANAGEMENT GROUP$17M
- Banco Santander, S.A.$13M
- Mariner, LLC$9M
- Compton Financial Group, LLC$8M
- MGO ONE SEVEN LLC$7M
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 | 25,175,605 | $1.5B | 15.6% | 2026-Q2 |
| Financial Engines Advisors L.L.C. trimmed | 18,804,022 | $1.1B | 11.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 12,147,363 | $701M | 7.5% | 2026-Q2 |
| MORGAN STANLEY added | 7,614,768 | $439M | 4.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 6,597,240 | $380M | 4.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 6,367,516 | $367M | 3.9% | 2026-Q2 |
| Valmark Advisers, Inc. trimmed | 5,101,635 | $294M | 3.2% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 5,022,048 | $290M | 3.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 4,348,586 | $252M | 2.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 3,009,298 | $174M | 1.9% | 2026-Q2 |
| Creative Planning trimmed | 2,776,196 | $160M | 1.7% | 2026-Q2 |
| UBS Group AG added | 2,483,029 | $143M | 1.5% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 2,089,160 | $120M | 1.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 2,080,273 | $120M | 1.3% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 1,961,330 | $113M | 1.2% | 2026-Q2 |
| Pinnacle Wealth Planning Services, Inc. added | 1,920,706 | $111M | 1.2% | 2026-Q2 |
| Wealthcare Advisory Partners LLC added | 1,776,135 | $102M | 1.1% | 2026-Q2 |
| Crestwood Advisors Group, LLC added | 1,742,537 | $100M | 1.1% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 1,656,155 | $96M | 1.0% | 2026-Q2 |
| STATE STREET CORP trimmed | 1,613,064 | $93M | 1.0% | 2026-Q2 |
| Cetera Investment Advisers added | 1,554,487 | $90M | 1.0% | 2026-Q2 |
| Dakota Wealth Management added | 1,499,275 | $86M | 0.9% | 2026-Q2 |
| MASON STREET ADVISORS, LLC added | 1,379,248 | $80M | 0.9% | 2026-Q2 |
| ASSETMARK, INC trimmed | 1,239,772 | $71M | 0.8% | 2026-Q2 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC trimmed | 1,222,487 | $71M | 0.8% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 1,200,234 | $69M | 0.7% | 2026-Q2 |
| Private Advisor Group, LLC added | 1,125,006 | $65M | 0.7% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 1,009,258 | $58M | 0.6% | 2026-Q2 |
| DAVENPORT & Co LLC added | 986,910 | $57M | 0.6% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. trimmed | 976,262 | $56M | 0.6% | 2026-Q2 |
| MIDLAND WEALTH ADVISORS, LLC trimmed | 959,196 | $55M | 0.6% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 952,624 | $55M | 0.6% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 880,649 | $51M | 0.5% | 2026-Q2 |
| PATRIOT INVESTMENT MANAGEMENT GROUP, INC. added | 833,994 | $48M | 0.5% | 2026-Q2 |
| First Command Advisory Services, Inc. added | 818,472 | $47M | 0.5% | 2026-Q2 |
| One Day In July LLC added | 804,494 | $46M | 0.5% | 2026-Q2 |
| Stadion Money Management, LLC trimmed | 803,443 | $46M | 0.5% | 2026-Q2 |
| Morningstar Investment Management LLC | 774,051 | $37M | 0.4% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 744,666 | $43M | 0.5% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 732,516 | $42M | 0.5% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 712,610 | $41M | 0.4% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 702,614 | $41M | 0.4% | 2026-Q2 |
| HighPoint Advisor Group LLC added | 695,486 | $40M | 0.4% | 2026-Q2 |
| VICUS CAPITAL added | 684,168 | $39M | 0.4% | 2026-Q2 |
| GREENLEAF TRUST added | 668,396 | $39M | 0.4% | 2026-Q2 |
| Peterson Wealth Advisors, LLC added | 667,839 | $39M | 0.4% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 656,020 | $38M | 0.4% | 2026-Q2 |
| BOKF, NA added | 643,758 | $37M | 0.4% | 2026-Q2 |
| ST GERMAIN D J CO INC added | 630,122 | $36M | 0.4% | 2026-Q2 |
| Clark Capital Management Group, Inc. new | 606,750 | $35M | 0.4% | 2026-Q2 |
| Savant Capital, LLC added | 605,173 | $32M | 0.3% | 2026-Q2 |
| Evernest Financial Advisors, LLC added | 599,855 | $35M | 0.4% | 2026-Q2 |
| BERKSHIRE ASSET MANAGEMENT LLC/PA added | 593,958 | $34M | 0.4% | 2026-Q2 |
| RKL Wealth Management LLC added | 593,853 | $34M | 0.4% | 2026-Q2 |
| OARSMAN CAPITAL, INC. added | 583,514 | $34M | 0.4% | 2026-Q2 |
| Avior Wealth Management, LLC added | 558,732 | $32M | 0.3% | 2026-Q2 |
| Composition Wealth, LLC added | 542,947 | $31M | 0.3% | 2026-Q2 |
| AlphaStar Capital Management, LLC added | 521,139 | $30M | 0.3% | 2026-Q2 |
| SPINNAKER TRUST trimmed | 479,835 | $28M | 0.3% | 2026-Q2 |
| ABOUND FINANCIAL, LLC trimmed | 473,796 | $27M | 0.3% | 2026-Q2 |
| CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC added | 465,415 | $27M | 0.3% | 2026-Q2 |
| Garrett Wealth Advisory Group, LLC added | 461,770 | $27M | 0.3% | 2026-Q2 |
| Crews Bank & Trust trimmed | 456,249 | $26M | 0.3% | 2026-Q2 |
| KWB Wealth trimmed | 452,815 | $26M | 0.3% | 2026-Q2 |
| United Asset Strategies, Inc. added | 434,336 | $25M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 432,384 | $25M | 0.3% | 2026-Q2 |
| Cerity Partners LLC added | 431,825 | $25M | 0.3% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 425,872 | $25M | 0.3% | 2026-Q2 |
| Geneos Wealth Management Inc. added | 423,216 | $24M | 0.3% | 2026-Q2 |
| Financial Gravity Companies, Inc. added | 422,057 | $24M | 0.3% | 2026-Q2 |
| Allen Capital Group, LLC added | 421,001 | $24M | 0.3% | 2026-Q2 |
| Banco Santander, S.A. trimmed | 396,801 | $23M | 0.2% | 2026-Q2 |
| Diversify Advisory Services, LLC added | 384,139 | $22M | 0.2% | 2026-Q2 |
| DIVERSIFY WEALTH MANAGEMENT, LLC trimmed | 384,139 | $22M | 0.2% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 377,072 | $22M | 0.2% | 2026-Q2 |
| Boston Standard Wealth Management, LLC trimmed | 376,832 | $22M | 0.2% | 2026-Q2 |
| Shepherd Financial Partners LLC trimmed | 376,221 | $22M | 0.2% | 2026-Q2 |
| Fund Evaluation Group, LLC trimmed | 374,838 | $22M | 0.2% | 2026-Q2 |
| Lido Advisors, LLC added | 374,702 | $22M | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 374,428 | $22M | 0.2% | 2026-Q2 |
| CIBC Bancorp USA Inc. added | 374,375 | $21M | 0.2% | 2026-Q2 |
| TPG Financial Advisors, LLC added | 361,261 | $21M | 0.2% | 2026-Q2 |
| Atlas Private Wealth Advisors added | 351,572 | $20M | 0.2% | 2026-Q2 |
| EVERMAY WEALTH MANAGEMENT LLC added | 349,702 | $20M | 0.2% | 2026-Q2 |
| Trustees of Dartmouth College new | 349,430 | $20M | 0.2% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 345,538 | $19M | 0.2% | 2026-Q2 |
| Focus Partners Wealth added | 344,894 | $20M | 0.2% | 2026-Q2 |
| Hancock Prospecting Pty Ltd | 342,840 | $20M | 0.2% | 2026-Q2 |
| CAHABA WEALTH MANAGEMENT, INC. trimmed | 328,118 | $19M | 0.2% | 2026-Q2 |
| Impact Partnership Wealth, LLC trimmed | 326,161 | $19M | 0.2% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 325,389 | $19M | 0.2% | 2026-Q2 |
| Foguth Wealth Management, LLC. added | 323,245 | $18M | 0.2% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. added | 319,166 | $18M | 0.2% | 2026-Q2 |
| Leicht Financial Planning & Wealth Management, Inc. trimmed | 314,283 | $18M | 0.2% | 2026-Q2 |
| WBH ADVISORY INC trimmed | 312,928 | $18M | 0.2% | 2026-Q2 |
| OneDigital Investment Advisors LLC trimmed | 309,945 | $18M | 0.2% | 2026-Q2 |
| Orion Porfolio Solutions, LLC added | 303,607 | $18M | 0.2% | 2026-Q2 |
| Taylor & Morgan Wealth Management, LLC added | 301,836 | $17M | 0.2% | 2026-Q2 |
| Carroll Advisory Group, LLC added | 300,371 | $17M | 0.2% | 2026-Q2 |
| Financial Security Advisor, Inc. trimmed | 299,696 | $17M | 0.2% | 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.