Who owns USMF
Which tracked institutional funds hold USMF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See USMF company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-19). 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
9 tracked funds added or opened USMF while 20 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
USMF’s largest tracked holder by dollar value, HighTower Advisors, LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in USMF 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 75 tracked filers holding USMF, 31 increased or opened the position and 42 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 USMF 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
- WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC$18M
- Integrated Wealth Concepts LLC$2M
- CITADEL ADVISORS LLC$1M
- GOLDMAN SACHS GROUP INC$613K
Largest adds
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$1M
- GREAT VALLEY ADVISOR GROUP, INC.$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$949K
- MORGAN STANLEY$474K
- Kestra Advisory Services, LLC$270K
Largest trims
- RAYMOND JAMES FINANCIAL INC$14M
- Lido Advisors, LLC$7M
- COLUMBIA ADVISORY PARTNERS LLC$6M
- Archer Investment Management, LLC$4M
- NewEdge Advisors, LLC$4M
- Team Financial Group, LLC$3M
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 |
|---|---|---|---|---|
| HighTower Advisors, LLC added | 1,363,131 | $67M | 22.3% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 673,645 | $33M | 11.0% | 2026-Q1 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 637,718 | $31M | 10.4% | 2026-Q1 |
| SNS Financial Group, LLC added | 452,033 | $22M | 7.4% | 2026-Q1 |
| Team Financial Group, LLC trimmed | 366,309 | $18M | 6.0% | 2026-Q1 |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC new | 358,110 | $18M | 5.9% | 2026-Q1 |
| LPL Financial LLC trimmed | 226,175 | $11M | 3.7% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 160,802 | $8M | 2.6% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 103,732 | $5M | 1.7% | 2026-Q1 |
| EVOLVE PRIVATE WEALTH, LLC added | 79,527 | $4M | 1.3% | 2026-Q1 |
| Atria Investments, Inc added | 76,698 | $4M | 1.3% | 2026-Q1 |
| Mariner, LLC added | 72,360 | $4M | 1.2% | 2026-Q1 |
| Merit Financial Group, LLC trimmed | 65,735 | $3M | 1.1% | 2026-Q1 |
| MORGAN STANLEY added | 49,595 | $2M | 0.8% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 46,613 | $2M | 0.8% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 38,137 | $2M | 0.6% | 2026-Q1 |
| Allworth Financial LP trimmed | 37,774 | $2M | 0.6% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 37,278 | $2M | 0.6% | 2026-Q1 |
| Keating Financial Advisory Services, Inc. trimmed | 36,315 | $2M | 0.6% | 2026-Q1 |
| Integrated Wealth Concepts LLC new | 35,554 | $2M | 0.6% | 2026-Q1 |
| Stratos Wealth Partners, LTD. trimmed | 32,296 | $2M | 0.5% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 30,431 | $2M | 0.5% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 29,320 | $1M | 0.5% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 28,779 | $1M | 0.5% | 2026-Q1 |
| WCG Wealth Advisors LLC trimmed | 26,725 | $1M | 0.4% | 2026-Q1 |
| Archer Investment Management, LLC trimmed | 26,367 | $1M | 0.4% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 23,203 | $1M | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 21,187 | $1M | 0.3% | 2026-Q1 |
| WealthPoint Financial, LLC | 18,810 | $964K | 0.3% | 2026-Q1 |
| Summit Financial, LLC added | 16,421 | $811K | 0.3% | 2026-Q1 |
| CWM, LLC trimmed | 15,658 | $773K | 0.3% | 2026-Q1 |
| AXXCESS WEALTH MANAGEMENT, LLC | 15,272 | $754K | 0.3% | 2026-Q1 |
| United Advisor Group, LLC trimmed | 15,009 | $741K | 0.2% | 2026-Q1 |
| IHT Wealth Management, LLC added | 14,534 | $718K | 0.2% | 2026-Q1 |
| Modern Wealth Management, LLC added | 14,144 | $701K | 0.2% | 2026-Q1 |
| Beacon Financial Advisory LLC trimmed | 14,127 | $698K | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 13,638 | $673K | 0.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 13,340 | $659K | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 12,413 | $613K | 0.2% | 2026-Q1 |
| &PARTNERS added | 12,031 | $595K | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 11,915 | $588K | 0.2% | 2026-Q1 |
| COLUMBIA ADVISORY PARTNERS LLC trimmed | 11,234 | $555K | 0.2% | 2026-Q1 |
| TopTier Wealth Management, LLC trimmed | 8,868 | $438K | 0.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC new | 8,686 | $429K | 0.1% | 2026-Q1 |
| BIP Wealth, LLC added | 7,937 | $392K | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 7,917 | $391K | 0.1% | 2026-Q1 |
| Arkadios Wealth Advisors trimmed | 6,963 | $344K | 0.1% | 2026-Q1 |
| Concurrent Investment Advisors, LLC trimmed | 6,785 | $335K | 0.1% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. added | 6,568 | $324K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 6,443 | $318K | 0.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 6,300 | $311K | 0.1% | 2026-Q1 |
| Quartz Partners, LLC trimmed | 6,175 | $305K | 0.1% | 2026-Q1 |
| WORLD EQUITY GROUP, INC. added | 6,095 | $301K | 0.1% | 2026-Q1 |
| Financial Enhancement Group LLC trimmed | 5,752 | $296K | 0.1% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 5,626 | $278K | 0.1% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 5,109 | $255K | 0.1% | 2026-Q1 |
| CoreCap Advisors, LLC trimmed | 5,003 | $247K | 0.1% | 2026-Q1 |
| Bison Wealth, LLC added | 4,726 | $245K | 0.1% | 2026-Q1 |
| Mutual Advisors, LLC trimmed | 4,961 | $245K | 0.1% | 2026-Q1 |
| THOROUGHBRED FINANCIAL SERVICES, LLC trimmed | 4,412 | $217K | 0.1% | 2026-Q1 |
| NBC SECURITIES, INC. trimmed | 3,237 | $160K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 2,163 | $107K | 0.0% | 2026-Q1 |
| CREATIVE FINANCIAL DESIGNS INC /ADV trimmed | 1,597 | $79K | 0.0% | 2026-Q1 |
| NewEdge Advisors, LLC trimmed | 62,248 | $62K | 0.0% | 2026-Q1 |
| Hughes Financial Services, LLC | 996 | $49K | 0.0% | 2026-Q1 |
| REAP Financial Group, LLC trimmed | 983 | $49K | 0.0% | 2026-Q1 |
| FMR LLC added | 683 | $34K | 0.0% | 2026-Q1 |
| AE Wealth Management LLC | 495 | $24K | 0.0% | 2026-Q1 |
| Capital Advisors, Ltd. LLC | 233 | $12K | 0.0% | 2026-Q1 |
| Geneos Wealth Management Inc. | 241 | $12K | 0.0% | 2026-Q1 |
| Covestor Ltd added | 130 | $6K | 0.0% | 2026-Q1 |
| VANGUARD ADVISERS INC new | 101 | $5K | 0.0% | 2026-Q1 |
| Smartleaf Asset Management LLC | 92 | $4K | 0.0% | 2026-Q1 |
| SHP Wealth Management | 31 | $2K | 0.0% | 2026-Q1 |
| Western Wealth Management, LLC trimmed | 5 | $247 | 0.0% | 2026-Q1 |
| Systelligence, LLC new | 229,503 | $12M | 3.9% | 2025-Q2 stale |
| WJ Wealth Management, LLC trimmed | 108,945 | $6M | 1.9% | 2025-Q2 stale |
| Insight Advisors, LLC/ PA trimmed | 95,536 | $5M | 1.6% | 2025-Q1 stale |
| Defined Financial Planning LLC trimmed | 80,252 | $4M | 1.4% | 2025-Q3 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 29,870 | $2M | 0.5% | 2025-Q2 stale |
| Patriot Financial Group Insurance Agency, LLC trimmed | 15,115 | $775K | 0.3% | 2025-Q2 stale |
| Sanctuary Advisors, LLC added | 11,739 | $590K | 0.2% | 2025-Q3 stale |
| 1832 Asset Management L.P. | 10,550 | $523K | 0.2% | 2025-Q1 stale |
| ORG Partners LLC trimmed | 7,499 | $387K | 0.1% | 2025-Q3 stale |
| DRIVE WEALTH MANAGEMENT, LLC added | 7,332 | $376K | 0.1% | 2025-Q2 stale |
| OLD MISSION CAPITAL LLC trimmed | 6,501 | $340K | 0.1% | 2025-Q3 stale |
| Soltis Investment Advisors LLC trimmed | 4,455 | $228K | 0.1% | 2025-Q4 stale |
| RMR Wealth Builders added | 4,367 | $224K | 0.1% | 2025-Q4 stale |
| FMA Wealth Management, LLC added | 4,284 | $220K | 0.1% | 2025-Q4 stale |
| SWMG, LLC new | 3,933 | $203K | 0.1% | 2025-Q4 stale |
| Kilter Group LLC | 1,738 | $89K | 0.0% | 2025-Q4 stale |
| BANK OF AMERICA CORP /DE/ trimmed | 1,637 | $84K | 0.0% | 2025-Q2 stale |
| PSI Advisors, LLC new | 372 | $18K | 0.0% | 2025-Q1 stale |
| UBS Group AG trimmed | 300 | $16K | 0.0% | 2025-Q3 stale |
| IFP Advisors, Inc | 178 | $9K | 0.0% | 2025-Q2 stale |
| Transce3nd, LLC | 154 | $8K | 0.0% | 2025-Q2 stale |
| Sunbelt Securities, Inc. | 42 | $2K | 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.