Who owns TMF
Which tracked institutional funds hold TMF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TMF company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 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
13 tracked funds added or opened TMF while 11 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
TMF’s largest tracked holder by dollar value, BANK OF MONTREAL /CAN/, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TMF 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 48 tracked filers holding TMF, 30 increased or opened the position and 23 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 TMF 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 4
- Quadrature Capital Ltd$15M
- Marex Group Ltd$8M
- Bank of New York Mellon Corp$711K
- Savant Capital, LLC$620K
Full exits 4
- CITADEL ADVISORS LLC$17M
- HRT FINANCIAL LP$15M
- SG Americas Securities, LLC$4M
- RAFFLES ASSOCIATES LP$2M
Largest adds
- JANE STREET GROUP, LLC$9M
- SIMPLEX TRADING, LLC$7M
- UBS Group AG$3M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$3M
- BANK OF MONTREAL /CAN/$3M
- GOLDMAN SACHS GROUP INC$1M
Largest trims
- Optiver Holding B.V.$3M
- SBI Securities Co., Ltd.$3M
- JPMORGAN CHASE & CO$1M
- Walleye Trading LLC$871K
- CITIGROUP INC$654K
- ROYAL BANK OF CANADA$615K
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 |
|---|---|---|---|---|
| BANK OF MONTREAL /CAN/ added | 563,650 | $20M | 8.3% | 2026-Q2 |
| SBI Securities Co., Ltd. trimmed | 431,942 | $15M | 6.4% | 2026-Q2 |
| Quadrature Capital Ltd added | 428,845 | $15M | 6.4% | 2026-Q2 |
| SIMPLEX TRADING, LLC added | 369,781 | $13M | 5.5% | 2026-Q2 |
| PPSC Investment Service Corp added | 334,812 | $12M | 5.0% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 302,607 | $11M | 4.5% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 250,772 | $9M | 3.7% | 2026-Q2 |
| UBS Group AG added | 232,410 | $8M | 3.4% | 2026-Q2 |
| Marex Group Ltd added | 214,234 | $8M | 3.2% | 2026-Q2 |
| GROUP ONE TRADING LLC added | 131,190 | $5M | 1.9% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 101,343 | $4M | 1.6% | 2026-Q2 |
| Walleye Trading LLC trimmed | 96,013 | $3M | 1.4% | 2026-Q2 |
| HOLLENCREST CAPITAL MANAGEMENT trimmed | 65,202 | $2M | 1.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 62,620 | $2M | 0.9% | 2026-Q2 |
| Capital Investment Counsel, Inc added | 57,730 | $2M | 0.9% | 2026-Q2 |
| XTX Topco Ltd added | 46,522 | $2M | 0.7% | 2026-Q2 |
| CITIGROUP INC trimmed | 30,028 | $1M | 0.4% | 2026-Q2 |
| PING CAPITAL MANAGEMENT, INC. | 28,000 | $995K | 0.4% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 25,335 | $901K | 0.4% | 2026-Q2 |
| Optiver Holding B.V. trimmed | 20,108 | $715K | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 20,002 | $711K | 0.3% | 2026-Q2 |
| Savant Capital, LLC new | 19,650 | $620K | 0.3% | 2026-Q2 |
| Encompass More Asset Management added | 16,950 | $603K | 0.3% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC | 12,792 | $455K | 0.2% | 2026-Q2 |
| PMV Capital Advisers, LLC added | 12,041 | $428K | 0.2% | 2026-Q2 |
| Vontobel Holding Ltd. trimmed | 9,932 | $353K | 0.1% | 2026-Q2 |
| Cerity Partners LLC added | 9,432 | $335K | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 7,901 | $281K | 0.1% | 2026-Q2 |
| OneDigital Investment Advisors LLC new | 7,500 | $267K | 0.1% | 2026-Q2 |
| DV Trading LLC new | 7,436 | $264K | 0.1% | 2026-Q2 |
| Simplicity Wealth,LLC added | 6,088 | $216K | 0.1% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 2,440 | $87K | 0.0% | 2026-Q2 |
| FIDUCIARY FINANCIAL ADVISORS new | 1,129 | $40K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 1,123 | $40K | 0.0% | 2026-Q2 |
| MORGAN STANLEY added | 1,101 | $39K | 0.0% | 2026-Q2 |
| Cassaday & Co Wealth Management LLC | 702 | $25K | 0.0% | 2026-Q2 |
| IMG Wealth Management, Inc. | 613 | $22K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 485 | $17K | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 425 | $15K | 0.0% | 2026-Q2 |
| Kings Path Partners LLC added | 313 | $11K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 305 | $11K | 0.0% | 2026-Q2 |
| PayPay Securities Corp trimmed | 251 | $9K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 203 | $7K | 0.0% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec | 195 | $7K | 0.0% | 2026-Q2 |
| TD Waterhouse Canada Inc. trimmed | 75 | $3K | 0.0% | 2026-Q2 |
| AMERIFLEX GROUP, INC. | 54 | $2K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ new | 30 | $1K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 2 | $71 | 0.0% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 471,166 | $17M | 7.1% | 2026-Q1 stale (1 quarter behind) |
| HRT FINANCIAL LP added | 424,509 | $15M | 6.4% | 2026-Q1 stale (1 quarter behind) |
| SG Americas Securities, LLC trimmed | 112,994 | $4M | 1.7% | 2026-Q1 stale (1 quarter behind) |
| RAFFLES ASSOCIATES LP new | 50,000 | $2M | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Steele Capital Management, Inc. | 10,327 | $372K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| EXENCIAL WEALTH ADVISORS, LLC | 8,000 | $288K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| LifeGuide Financial Advisors, LLC trimmed | 6,315 | $228K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| SSA SWISS ADVISORS AG | 2,930 | $106K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| JTC Employer Solutions Trustee Ltd | 1,500 | $54K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| HANTZ FINANCIAL SERVICES, INC. | 100 | $4K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Parallel Advisors, LLC | 91 | $3K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Ascentis Wealth Management, LLC trimmed | 13 | $468 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| IMC-Chicago, LLC new | 38,528 | $1M | 0.6% | 2025-Q4 stale (2 quarters behind) |
| FLOW TRADERS U.S. LLC added | 33,720 | $1M | 0.5% | 2025-Q4 stale (2 quarters behind) |
| BLUEFIN CAPITAL MANAGEMENT, LLC new | 13,700 | $511K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| SUMMIT SECURITIES GROUP LLC new | 13,500 | $504K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| FNY Investment Advisers, LLC new | 7,400 | $276K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Morse Asset Management, Inc | 4,000 | $149K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| TUCKER ASSET MANAGEMENT LLC trimmed | 2,116 | $79K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| CIBC Private Wealth Group LLC added | 722 | $27K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Sequoia Financial Advisors, LLC new | 481 | $18K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Frazier Financial Advisors, LLC new | 100 | $4K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| BARCLAYS PLC added | 82,236 | $5M | 2.0% | 2025-Q3 stale (3 quarters behind) |
| Virtu Financial LLC trimmed | 63,534 | $3M | 1.1% | 2025-Q3 stale (3 quarters behind) |
| WOLVERINE TRADING, LLC added | 55,600 | $2M | 0.9% | 2025-Q3 stale (3 quarters behind) |
| CANTOR FITZGERALD, L. P. trimmed | 32,195 | $1M | 0.5% | 2025-Q3 stale (3 quarters behind) |
| SIH Partners, LLLP new | 25,000 | $1M | 0.4% | 2025-Q3 stale (3 quarters behind) |
| J. Safra Sarasin Holding AG new | 24,017 | $965K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| SURIENCE PRIVATE WEALTH LLC new | 22,102 | $888K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| Mariner, LLC added | 16,141 | $649K | 0.3% | 2025-Q3 stale (3 quarters behind) |
| Ground Swell Capital, LLC new | 10,431 | $419K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 7,037 | $283K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| X-Square Capital, LLC trimmed | 7,000 | $281K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Arkadios Wealth Advisors | 5,200 | $209K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Pilgrim Partners Asia Pte Ltd new | 3,600 | $145K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| AE Wealth Management LLC | 418 | $17K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| CoreCap Advisors, LLC | 2 | $106 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Jump Financial, LLC added | 482,070 | $19M | 7.9% | 2025-Q2 stale (4 quarters behind) |
| GTS SECURITIES LLC trimmed | 146,502 | $6M | 2.4% | 2025-Q2 stale (4 quarters behind) |
| IHT Wealth Management, LLC added | 95,400 | $4M | 1.6% | 2025-Q2 stale (4 quarters behind) |
| RENAISSANCE TECHNOLOGIES LLC new | 94,540 | $4M | 1.5% | 2025-Q2 stale (4 quarters behind) |
| NORTHERN TRUST CORP new | 80,000 | $3M | 1.3% | 2025-Q2 stale (4 quarters behind) |
| MARSHALL WACE, LLP new | 71,000 | $3M | 1.2% | 2025-Q2 stale (4 quarters behind) |
| Belvedere Trading LLC added | 22,232 | $872K | 0.4% | 2025-Q2 stale (4 quarters behind) |
| Scientech Research LLC new | 18,135 | $712K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| INTEGRITY ALLIANCE, LLC. trimmed | 15,000 | $589K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| RHS Financial, LLC new | 7,914 | $311K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| PRELUDE CAPITAL MANAGEMENT, LLC new | 7,430 | $292K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Hillsdale Investment Management Inc. trimmed | 2,988 | $117K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| EverSource Wealth Advisors, LLC | 1,000 | $39K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| IFP Advisors, Inc trimmed | 50 | $2K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Blue Trust, Inc. | 13 | $510 | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.