Who owns USTB
Which tracked institutional funds hold USTB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See USTB company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-26). 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
60 tracked funds added or opened USTB while 27 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
USTB’s largest tracked holder by dollar value, VICTORY CAPITAL MANAGEMENT INC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.0pp gap the other way — the median holder sizes USTB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in USTB 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 142 tracked filers holding USTB, 96 increased or opened the position and 55 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 USTB 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 7
- Kirkwood Financial Services$13M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$3M
- Ameritas Advisory Services, LLC$2M
- AMERIPRISE FINANCIAL INC$2M
- AlphaCore Capital LLC$2M
- Wall Street Financial Group, Inc.$1M
Full exits 9
- Capital Analysts, LLC$26M
- Janney Montgomery Scott LLC$13M
- BlueStem Wealth Partners, LLC$11M
- Cambridge Investment Research Advisors, Inc.$8M
- FLOW TRADERS U.S. LLC$5M
- GOLDMAN SACHS GROUP INC$3M
Largest adds
- WELLS FARGO & COMPANY/MN$35M
- SHP Wealth Management$27M
- MORGAN STANLEY$22M
- Go Invest LLC$16M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$11M
- RAYMOND JAMES FINANCIAL INC$11M
Largest trims
- JANE STREET GROUP, LLC$23M
- UBS Group AG$5M
- CREATIVE FINANCIAL DESIGNS INC /ADV$4M
- COMMONWEALTH EQUITY SERVICES, LLC$4M
- CITADEL ADVISORS LLC$3M
- Patriot Financial Group Insurance Agency, LLC$3M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| VICTORY CAPITAL MANAGEMENT INC added | 5,530,366 | $280M | 15.8% | 2026-Q2 |
| MORGAN STANLEY added | 2,960,883 | $150M | 8.5% | 2026-Q2 |
| Merit Financial Group, LLC added | 2,939,884 | $149M | 8.4% | 2026-Q2 |
| Go Invest LLC added | 2,341,147 | $119M | 6.7% | 2026-Q2 |
| SHP Wealth Management added | 1,785,374 | $90M | 5.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,740,024 | $88M | 5.0% | 2026-Q2 |
| LPL Financial LLC trimmed | 1,594,959 | $81M | 4.6% | 2026-Q2 |
| Stonebridge Financial Group, LLC added | 927,201 | $47M | 2.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 900,711 | $46M | 2.6% | 2026-Q2 |
| Amplius Wealth Advisors, LLC added | 790,733 | $40M | 2.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 699,421 | $35M | 2.0% | 2026-Q2 |
| Private Advisor Group, LLC added | 587,296 | $30M | 1.7% | 2026-Q2 |
| Broadway Wealth Solutions, Inc. added | 578,799 | $29M | 1.7% | 2026-Q2 |
| Marquette Asset Management, LLC added | 550,446 | $28M | 1.6% | 2026-Q2 |
| Waverly Advisors, LLC added | 474,980 | $24M | 1.4% | 2026-Q2 |
| KINTRA WEALTH, LLC added | 424,283 | $21M | 1.2% | 2026-Q2 |
| MOTCO added | 379,986 | $19M | 1.1% | 2026-Q2 |
| Winter & Associates, Inc. added | 355,616 | $18M | 1.0% | 2026-Q2 |
| ERn Financial, LLC added | 349,663 | $18M | 1.0% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 343,042 | $17M | 1.0% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC added | 340,457 | $17M | 1.0% | 2026-Q2 |
| Cornerstone Planning Group LLC added | 302,568 | $15M | 0.9% | 2026-Q2 |
| StoryOne LLC added | 277,676 | $14M | 0.8% | 2026-Q2 |
| Redhawk Wealth Advisors, Inc. added | 276,282 | $14M | 0.8% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 270,638 | $14M | 0.8% | 2026-Q2 |
| Certified Advisory Corp added | 269,658 | $14M | 0.8% | 2026-Q2 |
| HORAN Wealth, LLC added | 264,769 | $13M | 0.8% | 2026-Q2 |
| NORTHEAST PLANNING ASSOCIATES, INC. / NH / trimmed | 264,245 | $12M | 0.7% | 2026-Q2 |
| Kirkwood Financial Services new | 258,893 | $13M | 0.7% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 242,301 | $12M | 0.7% | 2026-Q2 |
| Apella Capital, LLC added | 242,085 | $12M | 0.7% | 2026-Q2 |
| TOTH FINANCIAL ADVISORY CORP added | 221,722 | $11M | 0.6% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 220,708 | $11M | 0.6% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 218,055 | $11M | 0.6% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 217,002 | $11M | 0.6% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 214,983 | $11M | 0.6% | 2026-Q2 |
| Summit Financial, LLC added | 193,690 | $10M | 0.6% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 182,660 | $9M | 0.5% | 2026-Q2 |
| ADAPT WEALTH ADVISORS, LLC trimmed | 182,656 | $9M | 0.5% | 2026-Q2 |
| Pinnacle Wealth Management Group, Inc. added | 180,560 | $9M | 0.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 171,901 | $9M | 0.5% | 2026-Q2 |
| AVAII WEALTH MANAGEMENT, LLC added | 159,757 | $8M | 0.5% | 2026-Q2 |
| REDW Wealth LLC added | 157,490 | $8M | 0.5% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 147,246 | $7M | 0.4% | 2026-Q2 |
| Smith Thornton Advisors LLC added | 141,546 | $7M | 0.4% | 2026-Q2 |
| Trademark Financial Management, LLC added | 131,815 | $7M | 0.4% | 2026-Q2 |
| Quadcap Wealth Management, LLC trimmed | 124,518 | $6M | 0.4% | 2026-Q2 |
| Cetera Investment Advisers added | 120,467 | $6M | 0.3% | 2026-Q2 |
| Midwest Capital Advisors, LLC added | 119,864 | $6M | 0.3% | 2026-Q2 |
| Pine Valley Investments Ltd Liability Co added | 119,596 | $6M | 0.3% | 2026-Q2 |
| UBS Group AG trimmed | 119,371 | $6M | 0.3% | 2026-Q2 |
| Darrow Company, Inc. added | 118,115 | $6M | 0.3% | 2026-Q2 |
| Clarity Asset Management, Inc. added | 117,432 | $6M | 0.3% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 102,500 | $5M | 0.3% | 2026-Q2 |
| Bensler, LLC trimmed | 101,114 | $5M | 0.3% | 2026-Q2 |
| Rooted Wealth Advisors, Inc. added | 98,438 | $5M | 0.3% | 2026-Q2 |
| Equitable Holdings, Inc. added | 97,634 | $5M | 0.3% | 2026-Q2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV trimmed | 97,535 | $5M | 0.3% | 2026-Q2 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV added | 94,788 | $5M | 0.3% | 2026-Q2 |
| Allen Capital Group, LLC added | 90,048 | $5M | 0.3% | 2026-Q2 |
| Kingsview Wealth Management, LLC trimmed | 85,198 | $4M | 0.2% | 2026-Q2 |
| Valmark Advisers, Inc. added | 84,062 | $4M | 0.2% | 2026-Q2 |
| Tulsa Wealth Advisors, INC added | 75,586 | $4M | 0.2% | 2026-Q2 |
| Madison Wealth Partners, Inc added | 67,190 | $3M | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 66,445 | $3M | 0.2% | 2026-Q2 |
| Patriot Financial Group Insurance Agency, LLC trimmed | 66,235 | $3M | 0.2% | 2026-Q2 |
| OneAscent Wealth Management LLC added | 64,761 | $3M | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp added | 63,142 | $3M | 0.2% | 2026-Q2 |
| Samalin Investment Counsel, LLC trimmed | 54,969 | $3M | 0.2% | 2026-Q2 |
| Comprehensive Wealth Management, LLC added | 47,911 | $2M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 47,903 | $2M | 0.1% | 2026-Q2 |
| OPPENHEIMER & CO INC added | 45,394 | $2M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC new | 41,897 | $2M | 0.1% | 2026-Q2 |
| Perigon Wealth Management, LLC added | 41,524 | $2M | 0.1% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 41,351 | $2M | 0.1% | 2026-Q2 |
| Lakeridge Wealth Management LLC trimmed | 39,393 | $2M | 0.1% | 2026-Q2 |
| Elk River Wealth Management LLC trimmed | 35,135 | $2M | 0.1% | 2026-Q2 |
| AlphaCore Capital LLC new | 34,466 | $2M | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 31,361 | $2M | 0.1% | 2026-Q2 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 29,779 | $2M | 0.1% | 2026-Q2 |
| Miller Financial Services LLC added | 29,301 | $1M | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 28,879 | $1M | 0.1% | 2026-Q2 |
| Wall Street Financial Group, Inc. new | 28,823 | $1M | 0.1% | 2026-Q2 |
| Stratos Investment Management, LLC added | 27,780 | $1M | 0.1% | 2026-Q2 |
| SILVER OAK SECURITIES, INCORPORATED added | 25,947 | $1M | 0.1% | 2026-Q2 |
| Axis Wealth Partners, LLC trimmed | 25,568 | $1M | 0.1% | 2026-Q2 |
| Maridea Wealth Management LLC added | 24,127 | $1M | 0.1% | 2026-Q2 |
| Advisory Services Network, LLC trimmed | 23,379 | $1M | 0.1% | 2026-Q2 |
| Fiscal Wisdom Wealth Management, LLC new | 20,581 | $1M | 0.1% | 2026-Q2 |
| Mariner, LLC trimmed | 19,510 | $988K | 0.1% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 18,555 | $939K | 0.1% | 2026-Q2 |
| MAINSTAY CAPITAL MANAGEMENT LLC /ADV added | 18,488 | $936K | 0.1% | 2026-Q2 |
| Sigma Planning Corp trimmed | 18,394 | $931K | 0.1% | 2026-Q2 |
| Atria Investments, Inc trimmed | 18,268 | $925K | 0.1% | 2026-Q2 |
| Orion Porfolio Solutions, LLC trimmed | 17,922 | $907K | 0.1% | 2026-Q2 |
| Claro Advisors Inc. trimmed | 15,525 | $786K | 0.0% | 2026-Q2 |
| SWMG, LLC trimmed | 13,392 | $675K | 0.0% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 11,941 | $604K | 0.0% | 2026-Q2 |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors trimmed | 11,838 | $599K | 0.0% | 2026-Q2 |
| RPS ADVISORY SOLUTIONS LLC trimmed | 11,549 | $585K | 0.0% | 2026-Q2 |
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.