Who owns XAR (XAR)
Which tracked institutional funds hold XAR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XAR company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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 XAR is one-sided between 2025-Q4 and 2026-Q1: 134 added or opened and 44 trimmed or exited — on balance accumulating.
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
XAR’s largest tracked holder by dollar value, LPL Financial LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% 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 XAR 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 565 tracked filers holding XAR, 325 increased or opened the position and 168 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 XAR 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 26
- D. E. Shaw & Co., Inc.$8M
- Independent Advisor Alliance$4M
- Jump Financial, LLC$4M
- INNEALTA CAPITAL, LLC$4M
- Fortune 45 LLC$3M
- Purewater Capital LLC$2M
Full exits 8
- Trivium Point Advisory, LLC$2M
- MGB Wealth Management, LLC$2M
- Empowered Funds, LLC$2M
- Worth Asset Management, LLC$2M
- Global Retirement Partners, LLC$1M
- IFG Advisory, LLC$1M
Largest adds
- MORGAN STANLEY$56M
- Mirae Asset Global Investments Co., Ltd.$41M
- LPL Financial LLC$32M
- WELLS FARGO & COMPANY/MN$32M
- BANK OF AMERICA CORP /DE/$22M
- Teamwork Financial Advisors, LLC$18M
Largest trims
- CWM, LLC$18M
- Robinhood Asset Management, LLC$11M
- BREAKTHRU ADVISORY SERVICES, LLC$8M
- Lido Advisors, LLC$5M
- OSAIC HOLDINGS, INC.$4M
- NewEdge Advisors, LLC$4M
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 |
|---|---|---|---|---|
| LPL Financial LLC added | 1,348,882 | $343M | 14.6% | 2026-Q1 |
| MORGAN STANLEY added | 883,351 | $224M | 9.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 848,721 | $216M | 9.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 471,002 | $120M | 5.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 255,794 | $65M | 2.8% | 2026-Q1 |
| UBS Group AG added | 246,385 | $63M | 2.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 235,359 | $60M | 2.6% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 212,861 | $54M | 2.3% | 2026-Q1 |
| Mirae Asset Global Investments Co., Ltd. added | 188,486 | $48M | 2.0% | 2026-Q1 |
| Howard Capital Management Group, LLC added | 185,898 | $47M | 2.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 184,097 | $47M | 2.0% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 173,580 | $44M | 1.9% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 173,149 | $44M | 1.9% | 2026-Q1 |
| AFFINITY WEALTH MANAGEMENT LLC trimmed | 157,447 | $40M | 1.7% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 144,032 | $37M | 1.6% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 140,175 | $36M | 1.5% | 2026-Q1 |
| Cetera Investment Advisers added | 139,644 | $35M | 1.5% | 2026-Q1 |
| Enclave Advisors LLC added | 133,374 | $34M | 1.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 130,521 | $33M | 1.4% | 2026-Q1 |
| CWM, LLC trimmed | 124,568 | $32M | 1.4% | 2026-Q1 |
| Gerber Kawasaki Wealth & Investment Management trimmed | 116,265 | $30M | 1.3% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 114,267 | $29M | 1.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 107,109 | $26M | 1.1% | 2026-Q1 |
| Robinhood Asset Management, LLC trimmed | 98,151 | $25M | 1.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 77,866 | $20M | 0.8% | 2026-Q1 |
| Teamwork Financial Advisors, LLC added | 74,902 | $19M | 0.8% | 2026-Q1 |
| CUMBERLAND ADVISORS INC trimmed | 73,747 | $19M | 0.8% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 72,133 | $18M | 0.8% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 68,182 | $17M | 0.7% | 2026-Q1 |
| Kingsview Wealth Management, LLC trimmed | 67,295 | $17M | 0.7% | 2026-Q1 |
| Horizon Wealth Management, LLC added | 65,645 | $17M | 0.7% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 64,336 | $16M | 0.7% | 2026-Q1 |
| WESPAC Advisors SoCal, LLC trimmed | 49,364 | $13M | 0.5% | 2026-Q1 |
| Focus Partners Wealth trimmed | 48,205 | $12M | 0.5% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 46,405 | $12M | 0.5% | 2026-Q1 |
| ARMSTRONG ADVISORY GROUP, INC added | 46,393 | $12M | 0.5% | 2026-Q1 |
| Merit Financial Group, LLC added | 42,932 | $11M | 0.5% | 2026-Q1 |
| CoreCap Advisors, LLC trimmed | 41,995 | $11M | 0.5% | 2026-Q1 |
| MEITAV INVESTMENT HOUSE LTD trimmed | 39,305 | $10M | 0.4% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 39,266 | $10M | 0.4% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 38,373 | $10M | 0.4% | 2026-Q1 |
| Creative Planning added | 38,022 | $10M | 0.4% | 2026-Q1 |
| HighTower Advisors, LLC added | 35,504 | $9M | 0.4% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 34,804 | $9M | 0.4% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 34,296 | $9M | 0.4% | 2026-Q1 |
| BOURGEON CAPITAL MANAGEMENT LLC added | 34,109 | $9M | 0.4% | 2026-Q1 |
| FLC Capital Advisors added | 34,082 | $9M | 0.4% | 2026-Q1 |
| Wealthfront Advisers LLC added | 33,116 | $8M | 0.4% | 2026-Q1 |
| Warner Group LLC added | 31,938 | $8M | 0.3% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 31,790 | $8M | 0.3% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 30,227 | $8M | 0.3% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 29,608 | $8M | 0.3% | 2026-Q1 |
| Y.D. More Investments Ltd added | 28,910 | $7M | 0.3% | 2026-Q1 |
| Private Advisor Group, LLC added | 27,085 | $7M | 0.3% | 2026-Q1 |
| Quadrature Capital Ltd added | 26,991 | $7M | 0.3% | 2026-Q1 |
| HBW ADVISORY SERVICES LLC added | 26,679 | $7M | 0.3% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 25,806 | $7M | 0.3% | 2026-Q1 |
| HighPoint Advisor Group LLC added | 25,643 | $7M | 0.3% | 2026-Q1 |
| SOUTHERN CAPITAL SERVICES INC /ADV trimmed | 25,101 | $6M | 0.3% | 2026-Q1 |
| Mariner, LLC added | 24,478 | $6M | 0.3% | 2026-Q1 |
| Waverly Advisors, LLC trimmed | 24,150 | $6M | 0.3% | 2026-Q1 |
| IHT Wealth Management, LLC trimmed | 23,858 | $6M | 0.3% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 22,632 | $6M | 0.2% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 21,404 | $5M | 0.2% | 2026-Q1 |
| Point Nemo Capital, LLC added | 20,702 | $5M | 0.2% | 2026-Q1 |
| Equitable Holdings, Inc. added | 21,342 | $5M | 0.2% | 2026-Q1 |
| VIEWPOINT INVESTMENT PARTNERS CORP trimmed | 23,288 | $5M | 0.2% | 2026-Q1 |
| McGuire Investment Group, LLC added | 19,817 | $5M | 0.2% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 19,600 | $5M | 0.2% | 2026-Q1 |
| BROWN ADVISORY INC added | 19,065 | $5M | 0.2% | 2026-Q1 |
| PRINCIPAL SECURITIES, INC. added | 18,812 | $5M | 0.2% | 2026-Q1 |
| Pacific Sun Financial Corp added | 17,910 | $5M | 0.2% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. added | 17,732 | $5M | 0.2% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 17,234 | $4M | 0.2% | 2026-Q1 |
| Baird Financial Group, Inc. added | 17,100 | $4M | 0.2% | 2026-Q1 |
| PINNACLE ASSOCIATES LTD trimmed | 17,092 | $4M | 0.2% | 2026-Q1 |
| Buska Wealth Management, LLC trimmed | 16,817 | $4M | 0.2% | 2026-Q1 |
| &PARTNERS added | 16,668 | $4M | 0.2% | 2026-Q1 |
| Independent Advisor Alliance trimmed | 16,631 | $4M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 16,533 | $4M | 0.2% | 2026-Q1 |
| Norris Financial Group, LLC added | 16,373 | $4M | 0.2% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 16,103 | $4M | 0.2% | 2026-Q1 |
| D.A. DAVIDSON & CO. added | 16,027 | $4M | 0.2% | 2026-Q1 |
| Perigon Wealth Management, LLC trimmed | 15,930 | $4M | 0.2% | 2026-Q1 |
| Jump Financial, LLC added | 15,646 | $4M | 0.2% | 2026-Q1 |
| NovaPoint Capital, LLC added | 15,552 | $4M | 0.2% | 2026-Q1 |
| INNEALTA CAPITAL, LLC new | 15,234 | $4M | 0.2% | 2026-Q1 |
| Migdal Insurance & Financial Holdings Ltd. trimmed | 15,139 | $4M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 14,805 | $4M | 0.2% | 2026-Q1 |
| Gladstone Institutional Advisory LLC added | 14,472 | $4M | 0.2% | 2026-Q1 |
| Hobart Private Capital, LLC added | 14,361 | $4M | 0.2% | 2026-Q1 |
| BEARING POINT CAPITAL, LLC added | 14,051 | $4M | 0.2% | 2026-Q1 |
| Cavalier Investments, LLC | 13,804 | $4M | 0.1% | 2026-Q1 |
| Marks Wealth, LLC added | 121,766 | $29M | 1.2% | 2025-Q3 stale |
| Obsidian Personal Planning Solutions LLC trimmed | 41,467 | $10M | 0.4% | 2025-Q3 stale |
| SMI Advisory Services, LLC new | 45,380 | $10M | 0.4% | 2025-Q2 stale |
| EWG Elevate Inc. new | 43,784 | $9M | 0.4% | 2025-Q2 stale |
| Thrive Capital Management, LLC new | 139,337 | $9M | 0.4% | 2025-Q1 stale |
| Invesco Ltd. new | 28,325 | $7M | 0.3% | 2025-Q3 stale |
| Atria Wealth Solutions, Inc. trimmed | 17,091 | $4M | 0.2% | 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.