Who owns TBF
Which tracked institutional funds hold TBF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TBF 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
The tracked-fund tape on TBF is one-sided between 2025-Q4 and 2026-Q1: 6 added or opened and 1 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
TBF’s largest tracked holder by dollar value, Coral Wealth Management, LLC, sizes it at 6.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 6.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TBF 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 38 tracked filers holding TBF, 19 increased or opened the position and 11 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 TBF 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 4
- Coral Wealth Management, LLC$6M
- Advisors Preferred, LLC$2M
- HOURGLASS CAPITAL, LLC$1M
- CAMELOT TECHNOLOGY ADVISORS, INC.$504K
Largest adds
- Advisory Services Network, LLC$726K
- LPL Financial LLC$411K
Largest trims
- JANE STREET GROUP, LLC$632K
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 |
|---|---|---|---|---|
| Coral Wealth Management, LLC new | 138,033 | $6M | 17.7% | 2026-Q1 |
| Sepio Capital, LP | 124,300 | $3M | 8.9% | 2026-Q1 |
| Advisors Preferred, LLC trimmed | 102,425 | $2M | 7.3% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 96,400 | $2M | 6.9% | 2026-Q1 |
| LPL Financial LLC added | 62,864 | $2M | 4.5% | 2026-Q1 |
| Advisory Services Network, LLC added | 53,988 | $1M | 3.9% | 2026-Q1 |
| HOURGLASS CAPITAL, LLC new | 53,100 | $1M | 3.8% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 24,280 | $588K | 1.7% | 2026-Q1 |
| SHEPHERD KAPLAN KROCHUK, LLC trimmed | 21,807 | $528K | 1.6% | 2026-Q1 |
| Pettinga Financial Advisors LLC added | 21,800 | $528K | 1.6% | 2026-Q1 |
| Geneos Wealth Management Inc. | 21,000 | $509K | 1.5% | 2026-Q1 |
| CAMELOT TECHNOLOGY ADVISORS, INC. new | 20,782 | $504K | 1.5% | 2026-Q1 |
| Worth Asset Management, LLC added | 16,811 | $407K | 1.2% | 2026-Q1 |
| Focus Partners Wealth added | 16,794 | $407K | 1.2% | 2026-Q1 |
| Farringdon Capital, Ltd. trimmed | 16,573 | $402K | 1.2% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC new | 15,000 | $363K | 1.1% | 2026-Q1 |
| Virtue Capital Management, LLC trimmed | 10,540 | $349K | 1.0% | 2026-Q1 |
| Foundations Investment Advisors, LLC new | 11,982 | $290K | 0.9% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS | 11,750 | $285K | 0.8% | 2026-Q1 |
| Walser Wealth Management Company, A Ltd Liability Co new | 11,627 | $282K | 0.8% | 2026-Q1 |
| GTS SECURITIES LLC trimmed | 10,403 | $252K | 0.7% | 2026-Q1 |
| Private Wealth Partners, LLC | 10,000 | $242K | 0.7% | 2026-Q1 |
| Horrell Capital Management, Inc. | 10,000 | $242K | 0.7% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 9,523 | $230K | 0.7% | 2026-Q1 |
| Mariner, LLC | 8,325 | $202K | 0.6% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 6,613 | $160K | 0.5% | 2026-Q1 |
| PITTENGER & ANDERSON INC | 4,400 | $107K | 0.3% | 2026-Q1 |
| Cullen/Frost Bankers, Inc. added | 4,000 | $97K | 0.3% | 2026-Q1 |
| UBS Group AG added | 3,095 | $75K | 0.2% | 2026-Q1 |
| BLAIR WILLIAM & CO/IL | 2,350 | $57K | 0.2% | 2026-Q1 |
| Ancora Advisors LLC | 1,102 | $27K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. | 310 | $8K | 0.0% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 200 | $5K | 0.0% | 2026-Q1 |
| Qube Research & Technologies Ltd | 165 | $4K | 0.0% | 2026-Q1 |
| AE Wealth Management LLC trimmed | 129 | $3K | 0.0% | 2026-Q1 |
| CoreCap Advisors, LLC | 13 | $315 | 0.0% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1 | $38 | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN | 0 | $1 | 0.0% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 92,015 | $2M | 6.6% | 2025-Q2 stale |
| Bouvel Investment Partners, LLC new | 80,967 | $2M | 5.8% | 2025-Q2 stale |
| BANK OF AMERICA CORP /DE/ added | 51,000 | $1M | 3.6% | 2025-Q1 stale |
| Financial Sense Advisors, Inc. new | 47,691 | $1M | 3.4% | 2025-Q2 stale |
| TWIN FOCUS CAPITAL PARTNERS, LLC | 29,200 | $689K | 2.0% | 2025-Q1 stale |
| Aviance Capital Partners, LLC | 24,000 | $580K | 1.7% | 2025-Q2 stale |
| Bordeaux Wealth Advisors LLC added | 15,408 | $372K | 1.1% | 2025-Q2 stale |
| CITADEL ADVISORS LLC trimmed | 8,495 | $202K | 0.6% | 2025-Q3 stale |
| GROUP ONE TRADING LLC new | 3,000 | $73K | 0.2% | 2025-Q2 stale |
| Kestra Advisory Services, LLC new | 2,995 | $72K | 0.2% | 2025-Q4 stale |
| SIMPLEX TRADING, LLC trimmed | 2,810 | $68K | 0.2% | 2025-Q4 stale |
| Federation des caisses Desjardins du Quebec | 2,000 | $47K | 0.1% | 2025-Q3 stale |
| US BANCORP \DE\ | 1,125 | $27K | 0.1% | 2025-Q2 stale |
| ASSETMARK, INC | 439 | $10K | 0.0% | 2025-Q1 stale |
| Farther Finance Advisors, LLC new | 215 | $5K | 0.0% | 2025-Q1 stale |
| BARCLAYS PLC trimmed | 200 | $5K | 0.0% | 2025-Q4 stale |
| Spire Wealth Management | 198 | $5K | 0.0% | 2025-Q1 stale |
| JPMORGAN CHASE & CO trimmed | 58 | $1K | 0.0% | 2025-Q3 stale |
| Semmax Financial Advisors Inc. | 14 | $351 | 0.0% | 2025-Q2 stale |
| TCTC Holdings, LLC | 12 | $289 | 0.0% | 2025-Q4 stale |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 5 | $119 | 0.0% | 2025-Q3 stale |
| Tower Research Capital LLC (TRC) trimmed | 3 | $72 | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 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.