Who owns ULST
Which tracked institutional funds hold ULST, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ULST company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-22). 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
19 tracked funds added or opened ULST while 15 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
ULST’s largest tracked holder by dollar value, CWM, LLC, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ULST 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 104 tracked filers holding ULST, 51 increased or opened the position and 50 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 ULST 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 5
- Stablepoint Partners, LLC$9M
- Elevation Capital Advisory, LLC$7M
- Focus Partners Wealth$2M
- TRUE Private Wealth Advisors$1M
- O'SHAUGHNESSY ASSET MANAGEMENT, LLC$1M
Full exits 4
- CITADEL ADVISORS LLC$13M
- JANE STREET GROUP, LLC$2M
- Coppell Advisory Solutions LLC$921K
- GOLDMAN SACHS GROUP INC$550K
Largest adds
- CWM, LLC$6M
- MORGAN STANLEY$3M
- AQR CAPITAL MANAGEMENT LLC$2M
- JPMORGAN CHASE & CO$1M
- Norris Financial Group, LLC$1M
- RAYMOND JAMES FINANCIAL INC$1M
Largest trims
- PTM WEALTH MANAGEMENT, LLC$9M
- VERUS CAPITAL PARTNERS, LLC$3M
- ORBA Wealth Advisors, L.L.C.$2M
- Avestar Capital, LLC$1M
- FLOW TRADERS U.S. LLC$1M
- LPL Financial LLC$1M
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 |
|---|---|---|---|---|
| CWM, LLC added | 3,949,890 | $160M | 31.9% | 2026-Q1 |
| LPL Financial LLC trimmed | 1,293,371 | $52M | 10.5% | 2026-Q1 |
| MORGAN STANLEY added | 693,007 | $28M | 5.6% | 2026-Q1 |
| Avestar Capital, LLC trimmed | 590,002 | $24M | 4.8% | 2026-Q1 |
| BIP Wealth, LLC added | 588,178 | $24M | 4.8% | 2026-Q1 |
| PTM WEALTH MANAGEMENT, LLC trimmed | 471,521 | $19M | 3.8% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 459,577 | $19M | 3.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 277,650 | $11M | 2.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 277,412 | $11M | 2.2% | 2026-Q1 |
| Stablepoint Partners, LLC new | 215,734 | $9M | 1.7% | 2026-Q1 |
| IEQ CAPITAL, LLC | 193,126 | $8M | 1.6% | 2026-Q1 |
| Elevation Capital Advisory, LLC new | 178,670 | $7M | 1.4% | 2026-Q1 |
| ORBA Wealth Advisors, L.L.C. trimmed | 122,868 | $5M | 1.0% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 121,252 | $5M | 1.0% | 2026-Q1 |
| David Kennon Inc added | 107,590 | $4M | 0.9% | 2026-Q1 |
| Norris Financial Group, LLC added | 106,290 | $4M | 0.9% | 2026-Q1 |
| UBS Group AG added | 88,314 | $4M | 0.7% | 2026-Q1 |
| BridgePort Financial Solutions, LLC trimmed | 76,329 | $3M | 0.6% | 2026-Q1 |
| WT Wealth Management trimmed | 71,549 | $3M | 0.6% | 2026-Q1 |
| VERUS CAPITAL PARTNERS, LLC trimmed | 62,432 | $3M | 0.5% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 60,523 | $2M | 0.5% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 51,820 | $2M | 0.4% | 2026-Q1 |
| Focus Partners Wealth new | 1,994 | $2M | 0.4% | 2026-Q1 |
| Barnes Wealth Management Group, Inc trimmed | 49,836 | $2M | 0.4% | 2026-Q1 |
| Cannon Wealth Management Services, LLC added | 49,772 | $2M | 0.4% | 2026-Q1 |
| Elmwood Wealth Management, Inc. trimmed | 47,966 | $2M | 0.4% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 47,197 | $2M | 0.4% | 2026-Q1 |
| Global View Capital Management LLC added | 44,789 | $2M | 0.4% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 40,859 | $2M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 34,933 | $1M | 0.3% | 2026-Q1 |
| TRUE Private Wealth Advisors trimmed | 34,406 | $1M | 0.3% | 2026-Q1 |
| Authentikos Wealth Advisory, LLC trimmed | 33,993 | $1M | 0.3% | 2026-Q1 |
| Sanctuary Advisors, LLC trimmed | 31,375 | $1M | 0.3% | 2026-Q1 |
| G&S Capital LLC added | 31,189 | $1M | 0.3% | 2026-Q1 |
| CGN Advisors LLC added | 31,159 | $1M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 30,749 | $1M | 0.2% | 2026-Q1 |
| Fiduciary Trust Co | 28,840 | $1M | 0.2% | 2026-Q1 |
| Ameliora Wealth Management Ltd. | 27,767 | $1M | 0.2% | 2026-Q1 |
| TKG Advisors, LLC added | 26,415 | $1M | 0.2% | 2026-Q1 |
| Equitable Holdings, Inc. added | 26,122 | $1M | 0.2% | 2026-Q1 |
| Valmark Advisers, Inc. trimmed | 26,019 | $1M | 0.2% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC new | 24,700 | $1M | 0.2% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 24,622 | $997K | 0.2% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 24,192 | $980K | 0.2% | 2026-Q1 |
| Crews Bank & Trust | 21,810 | $883K | 0.2% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 21,082 | $854K | 0.2% | 2026-Q1 |
| NAPLES GLOBAL ADVISORS, LLC | 20,850 | $844K | 0.2% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 20,397 | $826K | 0.2% | 2026-Q1 |
| SALEM INVESTMENT COUNSELORS INC trimmed | 19,046 | $771K | 0.2% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC added | 17,283 | $700K | 0.1% | 2026-Q1 |
| OakTrust Wealth Advisors, LLC added | 16,620 | $673K | 0.1% | 2026-Q1 |
| Fifth Third Securities, Inc. added | 15,569 | $631K | 0.1% | 2026-Q1 |
| OPPENHEIMER & CO INC added | 15,270 | $618K | 0.1% | 2026-Q1 |
| Perennial Investment Advisors, LLC added | 14,014 | $568K | 0.1% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. trimmed | 13,769 | $558K | 0.1% | 2026-Q1 |
| Western Wealth Management, LLC | 13,302 | $539K | 0.1% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 12,740 | $516K | 0.1% | 2026-Q1 |
| McAdam, LLC added | 12,098 | $490K | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 12,025 | $487K | 0.1% | 2026-Q1 |
| Penobscot Investment Management Company, Inc. | 11,700 | $474K | 0.1% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 11,546 | $468K | 0.1% | 2026-Q1 |
| Gerber Kawasaki Wealth & Investment Management added | 11,222 | $454K | 0.1% | 2026-Q1 |
| Prestige Wealth Management Group LLC added | 11,108 | $450K | 0.1% | 2026-Q1 |
| Golden State Wealth Management, LLC trimmed | 10,780 | $437K | 0.1% | 2026-Q1 |
| Gladstone Institutional Advisory LLC added | 10,629 | $430K | 0.1% | 2026-Q1 |
| Savant Capital, LLC | 10,299 | $417K | 0.1% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 10,242 | $415K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 10,222 | $414K | 0.1% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 10,198 | $413K | 0.1% | 2026-Q1 |
| Trilogy Capital Inc. added | 10,080 | $408K | 0.1% | 2026-Q1 |
| CATALYST PRIVATE WEALTH, LLC | 10,000 | $405K | 0.1% | 2026-Q1 |
| Cetera Investment Advisers added | 9,743 | $395K | 0.1% | 2026-Q1 |
| Destination Wealth Management trimmed | 9,706 | $393K | 0.1% | 2026-Q1 |
| CAPSTONE WEALTH MANAGEMENT GROUP, LLC trimmed | 9,647 | $391K | 0.1% | 2026-Q1 |
| RICHARDSON FINANCIAL SERVICES INC. | 9,622 | $390K | 0.1% | 2026-Q1 |
| January Capital Advisors LLC new | 8,912 | $361K | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 324,768 | $13M | 2.6% | 2025-Q4 stale |
| Auour Investments LLC trimmed | 129,353 | $5M | 1.1% | 2025-Q2 stale |
| Brown Financial Advisors trimmed | 99,048 | $4M | 0.8% | 2025-Q2 stale |
| Moloney Securities Asset Management, LLC trimmed | 89,415 | $4M | 0.7% | 2025-Q3 stale |
| HRT FINANCIAL LP added | 56,442 | $2M | 0.5% | 2025-Q2 stale |
| Copley Financial Group, Inc. trimmed | 49,348 | $2M | 0.4% | 2025-Q2 stale |
| ZEGA Investments, LLC added | 41,836 | $2M | 0.3% | 2025-Q2 stale |
| JANE STREET GROUP, LLC added | 38,719 | $2M | 0.3% | 2025-Q4 stale |
| Mattson Financial Services, LLC trimmed | 37,418 | $2M | 0.3% | 2025-Q2 stale |
| CW Advisors, LLC trimmed | 35,163 | $1M | 0.3% | 2025-Q2 stale |
| Paladin Wealth, LLC trimmed | 29,195 | $1M | 0.2% | 2025-Q2 stale |
| Financial Advocates Investment Management trimmed | 26,733 | $1M | 0.2% | 2025-Q2 stale |
| Coppell Advisory Solutions LLC added | 22,750 | $921K | 0.2% | 2025-Q4 stale |
| Bank of New York Mellon Corp added | 14,270 | $581K | 0.1% | 2025-Q3 stale |
| Eldridge Investment Advisors, Inc. | 14,001 | $570K | 0.1% | 2025-Q3 stale |
| Orion Porfolio Solutions, LLC added | 13,896 | $565K | 0.1% | 2025-Q1 stale |
| Orion Portfolio Solutions, LLC added | 13,896 | $565K | 0.1% | 2025-Q1 stale |
| Cambridge Investment Research Advisors, Inc. added | 13,703 | $557K | 0.1% | 2025-Q1 stale |
| GOLDMAN SACHS GROUP INC trimmed | 13,579 | $550K | 0.1% | 2025-Q4 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 12,563 | $511K | 0.1% | 2025-Q3 stale |
| GatePass Capital, LLC new | 12,000 | $486K | 0.1% | 2025-Q4 stale |
| COMERICA BANK trimmed | 9,497 | $385K | 0.1% | 2025-Q4 stale |
| TWO SIGMA SECURITIES, LLC added | 8,969 | $363K | 0.1% | 2025-Q4 stale |
| Kraft, Davis & Associates, LLC trimmed | 8,649 | $351K | 0.1% | 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.
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.