Who owns USA
Which tracked institutional funds hold USA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See USA company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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 USA is one-sided between 2025-Q4 and 2026-Q1: 10 added or opened and 38 trimmed or exited — on balance reducing.
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
USA’s largest tracked holder by dollar value, RAYMOND JAMES FINANCIAL INC, 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 gap the other way — the median holder sizes USA more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in USA 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 220 tracked filers holding USA, 113 increased or opened the position and 89 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 USA 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.
Full exits 8
- Janney Montgomery Scott LLC$8M
- READYSTATE ASSET MANAGEMENT LP$8M
- Cornerstone Advisors, LLC$5M
- Logan Stone Capital, LLC$1M
- LANDSCAPE CAPITAL MANAGEMENT, L.L.C.$1M
- J.W. COLE ADVISORS, INC.$763K
Largest adds
- MORGAN STANLEY$7M
- Karpus Management, Inc.$6M
- Man Group plc$3M
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$996K
- Steward Partners Investment Advisory, LLC$974K
- Allspring Global Investments Holdings, LLC$876K
Largest trims
- RIVERNORTH CAPITAL MANAGEMENT, LLC$7M
- LPL Financial LLC$5M
- ABSOLUTE INVESTMENT ADVISERS, LLC$4M
- Almitas Capital LLC$3M
- AMERIPRISE FINANCIAL INC$3M
- JANE STREET GROUP, LLC$2M
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 |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL INC added | 5,450,416 | $30M | 9.3% | 2026-Q1 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 5,196,239 | $29M | 8.8% | 2026-Q1 |
| MORGAN STANLEY added | 4,692,092 | $26M | 8.0% | 2026-Q1 |
| LPL Financial LLC trimmed | 3,400,688 | $19M | 5.8% | 2026-Q1 |
| Karpus Management, Inc. added | 3,116,511 | $17M | 5.3% | 2026-Q1 |
| ABSOLUTE INVESTMENT ADVISERS, LLC trimmed | 2,415,106 | $13M | 4.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 2,271,108 | $13M | 3.9% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 1,544,408 | $8M | 2.6% | 2026-Q1 |
| Man Group plc added | 1,320,861 | $7M | 2.2% | 2026-Q1 |
| Penserra Capital Management LLC added | 1,250,128 | $7M | 2.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,149,513 | $6M | 2.0% | 2026-Q1 |
| 1607 Capital Partners, LLC trimmed | 1,338,233 | $6M | 1.9% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 1,105,423 | $6M | 1.9% | 2026-Q1 |
| Quarry LP | 1,067,605 | $6M | 1.8% | 2026-Q1 |
| Shaker Financial Services, LLC trimmed | 948,523 | $5M | 1.6% | 2026-Q1 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 938,186 | $5M | 1.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 815,183 | $5M | 1.4% | 2026-Q1 |
| COHEN & STEERS, INC. added | 750,000 | $4M | 1.3% | 2026-Q1 |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD added | 641,600 | $4M | 1.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP | 616,604 | $3M | 1.0% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 613,919 | $3M | 1.0% | 2026-Q1 |
| RPO LLC | 573,700 | $3M | 1.0% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 563,325 | $3M | 1.0% | 2026-Q1 |
| Cetera Investment Advisers added | 557,956 | $3M | 0.9% | 2026-Q1 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 445,126 | $2M | 0.8% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 437,776 | $2M | 0.7% | 2026-Q1 |
| Almitas Capital LLC trimmed | 395,485 | $2M | 0.7% | 2026-Q1 |
| Private Advisor Group, LLC added | 379,903 | $2M | 0.6% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 373,207 | $2M | 0.6% | 2026-Q1 |
| Integrated Wealth Concepts LLC trimmed | 372,879 | $2M | 0.6% | 2026-Q1 |
| UBS Group AG trimmed | 357,640 | $2M | 0.6% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 319,795 | $2M | 0.5% | 2026-Q1 |
| Invesco Ltd. trimmed | 313,982 | $2M | 0.5% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC | 286,850 | $2M | 0.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 283,631 | $2M | 0.5% | 2026-Q1 |
| PMG Family Office LLC added | 265,646 | $1M | 0.5% | 2026-Q1 |
| MINDSET WEALTH MANAGEMENT, LLC added | 237,598 | $1M | 0.4% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 234,959 | $1M | 0.4% | 2026-Q1 |
| SIT INVESTMENT ASSOCIATES INC added | 229,021 | $1M | 0.4% | 2026-Q1 |
| Ascentis Independent Advisors added | 209,044 | $1M | 0.4% | 2026-Q1 |
| CSS LLC/IL added | 207,228 | $1M | 0.4% | 2026-Q1 |
| D.A. DAVIDSON & CO. added | 205,380 | $1M | 0.3% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 191,316 | $1M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 188,304 | $1M | 0.3% | 2026-Q1 |
| BARTLETT & CO. WEALTH MANAGEMENT LLC added | 174,236 | $1M | 0.3% | 2026-Q1 |
| Westbourne Investment Advisors, Inc. added | 184,700 | $1M | 0.3% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 180,994 | $1M | 0.3% | 2026-Q1 |
| Live Oak Private Wealth LLC | 158,585 | $880K | 0.3% | 2026-Q1 |
| OPPENHEIMER & CO INC added | 158,256 | $878K | 0.3% | 2026-Q1 |
| FLYNN ZITO CAPITAL MANAGEMENT, LLC added | 157,158 | $872K | 0.3% | 2026-Q1 |
| WEDBUSH SECURITIES INC added | 151,109 | $839K | 0.3% | 2026-Q1 |
| Advocate Investing Services LLC added | 148,369 | $823K | 0.3% | 2026-Q1 |
| RB Capital Management, LLC trimmed | 142,076 | $793K | 0.2% | 2026-Q1 |
| Ionic Capital Management LLC added | 138,731 | $770K | 0.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 135,704 | $734K | 0.2% | 2026-Q1 |
| Prospera Financial Services Inc added | 132,028 | $733K | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 128,142 | $711K | 0.2% | 2026-Q1 |
| Mariner, LLC trimmed | 127,977 | $708K | 0.2% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 125,762 | $698K | 0.2% | 2026-Q1 |
| TrueMark Investments, LLC added | 125,376 | $696K | 0.2% | 2026-Q1 |
| ASHTON THOMAS SECURITIES, LLC trimmed | 122,605 | $680K | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 114,462 | $635K | 0.2% | 2026-Q1 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC trimmed | 107,998 | $608K | 0.2% | 2026-Q1 |
| Abel Hall, LLC | 103,000 | $572K | 0.2% | 2026-Q1 |
| Samalin Investment Counsel, LLC trimmed | 102,477 | $569K | 0.2% | 2026-Q1 |
| Advisory Advocates, LLC added | 100,528 | $558K | 0.2% | 2026-Q1 |
| Clear Creek Financial Management, LLC | 99,807 | $554K | 0.2% | 2026-Q1 |
| Stockman Wealth Management, Inc. | 99,563 | $553K | 0.2% | 2026-Q1 |
| NewEdge Advisors, LLC trimmed | 106,819 | $498K | 0.2% | 2026-Q1 |
| Institute for Wealth Management, LLC. added | 89,063 | $494K | 0.2% | 2026-Q1 |
| &PARTNERS added | 84,080 | $467K | 0.1% | 2026-Q1 |
| Allworth Financial LP added | 79,439 | $441K | 0.1% | 2026-Q1 |
| Mezzasalma Advisors, LLC added | 76,887 | $427K | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 75,524 | $419K | 0.1% | 2026-Q1 |
| Dakota Wealth Management added | 74,978 | $416K | 0.1% | 2026-Q1 |
| WEALTH EFFECTS LLC new | 74,244 | $412K | 0.1% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC trimmed | 72,156 | $400K | 0.1% | 2026-Q1 |
| Creative Planning trimmed | 70,593 | $392K | 0.1% | 2026-Q1 |
| Coquina Private Wealth LLC trimmed | 65,353 | $363K | 0.1% | 2026-Q1 |
| Patten Group, Inc. trimmed | 63,774 | $354K | 0.1% | 2026-Q1 |
| IHT Wealth Management, LLC added | 62,892 | $349K | 0.1% | 2026-Q1 |
| PRINCIPAL SECURITIES, INC. trimmed | 61,969 | $344K | 0.1% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 59,743 | $332K | 0.1% | 2026-Q1 |
| Calamos Advisors LLC added | 58,123 | $323K | 0.1% | 2026-Q1 |
| Kovack Advisors, Inc. added | 56,284 | $314K | 0.1% | 2026-Q1 |
| MCDONALD PARTNERS LLC | 55,146 | $306K | 0.1% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 1,321,490 | $8M | 2.5% | 2025-Q4 stale |
| READYSTATE ASSET MANAGEMENT LP added | 1,309,522 | $8M | 2.5% | 2025-Q4 stale |
| Cornerstone Advisors, LLC trimmed | 794,984 | $5M | 1.5% | 2025-Q4 stale |
| Polar Asset Management Partners Inc. new | 752,232 | $5M | 1.5% | 2025-Q3 stale |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 291,758 | $2M | 0.6% | 2025-Q3 stale |
| Sheaff Brock Investment Advisors, LLC trimmed | 241,230 | $2M | 0.5% | 2025-Q1 stale |
| Logan Stone Capital, LLC new | 194,895 | $1M | 0.4% | 2025-Q4 stale |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. added | 172,503 | $1M | 0.3% | 2025-Q4 stale |
| J.W. COLE ADVISORS, INC. trimmed | 128,650 | $763K | 0.2% | 2025-Q4 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 111,739 | $702K | 0.2% | 2025-Q4 stale |
| Advisors Asset Management, Inc. trimmed | 86,088 | $541K | 0.2% | 2025-Q4 stale |
| Atria Wealth Solutions, Inc. trimmed | 63,445 | $434K | 0.1% | 2025-Q2 stale |
| Elequin Capital, LP added | 63,351 | $431K | 0.1% | 2025-Q2 stale |
| Heritage Wealth Management, Inc. trimmed | 57,594 | $362K | 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.