Who owns XBAP
Which tracked institutional funds hold XBAP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XBAP company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-18). 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
4 tracked funds added or opened XBAP while 8 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
XBAP’s largest tracked holder by dollar value, Stuart Chaussee & Associates, Inc., sizes it at 11.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 11.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in XBAP 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 41 tracked filers holding XBAP, 11 increased or opened the position and 32 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 XBAP 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 1
- Summit Financial, LLC$581K
Full exits 4
- Sonoma Allocations LLC$1M
- HighTower Advisors, LLC$1M
- OLD MISSION CAPITAL LLC$717K
- CENTAURUS FINANCIAL, INC.$551K
Largest adds
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$3M
- Cetera Investment Advisers$477K
- ENVESTNET ASSET MANAGEMENT INC$317K
Largest trims
- Allworth Financial LP$3M
- Lido Advisors, LLC$396K
- CROSSPOINT FINANCIAL, LLC$382K
- CAPTRUST FINANCIAL ADVISORS$266K
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 |
|---|---|---|---|---|
| Lido Advisors, LLC trimmed | 968,750 | $41M | 23.0% | 2026-Q2 |
| CROSSPOINT FINANCIAL, LLC trimmed | 305,289 | $13M | 7.2% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 303,574 | $13M | 7.2% | 2026-Q2 |
| First Commonwealth Financial Corp /PA/ trimmed | 265,033 | $11M | 6.3% | 2026-Q2 |
| Millington Financial Advisors, LLC added | 144,583 | $6M | 3.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 121,298 | $5M | 2.9% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 75,228 | $3M | 1.8% | 2026-Q2 |
| Brookwood Investment Group LLC added | 47,654 | $2M | 1.1% | 2026-Q2 |
| Orion Capital Management LLC added | 36,891 | $2M | 0.9% | 2026-Q2 |
| Snowden Capital Advisors LLC | 36,310 | $2M | 0.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 32,865 | $1M | 0.8% | 2026-Q2 |
| Fragasso Financial Advisors Inc | 31,296 | $1M | 0.7% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 28,970 | $1M | 0.7% | 2026-Q2 |
| Welch Financial Planning, LLC added | 23,939 | $1M | 0.6% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 22,324 | $936K | 0.5% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 15,298 | $642K | 0.4% | 2026-Q2 |
| Summit Financial, LLC new | 13,852 | $581K | 0.3% | 2026-Q2 |
| DHJJ Financial Advisors, Ltd. | 10,704 | $449K | 0.3% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added | 10,651 | $447K | 0.3% | 2026-Q2 |
| Allworth Financial LP trimmed | 9,475 | $397K | 0.2% | 2026-Q2 |
| Outlook Wealth Advisors, LLC | 8,728 | $366K | 0.2% | 2026-Q2 |
| CreativeOne Wealth, LLC trimmed | 8,592 | $360K | 0.2% | 2026-Q2 |
| Blue Water Asset Management trimmed | 8,343 | $350K | 0.2% | 2026-Q2 |
| VESTIA PERSONAL WEALTH ADVISORS trimmed | 8,122 | $341K | 0.2% | 2026-Q2 |
| Sterling Financial Planning, Inc. trimmed | 7,634 | $320K | 0.2% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL | 6,757 | $283K | 0.2% | 2026-Q2 |
| Chicago Partners Investment Group LLC | 5,814 | $244K | 0.1% | 2026-Q2 |
| Sequoia Financial Advisors, LLC | 5,804 | $243K | 0.1% | 2026-Q2 |
| CRA Financial Services, LLC trimmed | 4,928 | $207K | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 4,924 | $207K | 0.1% | 2026-Q2 |
| BARCLAYS PLC | 4,757 | $200K | 0.1% | 2026-Q2 |
| Tidemark, LLC | 2,098 | $88K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 1,747 | $73K | 0.0% | 2026-Q2 |
| IMG Wealth Management, Inc. trimmed | 1,350 | $57K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA | 950 | $40K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 821 | $34K | 0.0% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 805 | $34K | 0.0% | 2026-Q2 |
| Financial Network Wealth Advisors LLC | 721 | $30K | 0.0% | 2026-Q2 |
| AE Wealth Management LLC | 485 | $20K | 0.0% | 2026-Q2 |
| Luminist Capital LLC added | 454 | $18K | 0.0% | 2026-Q2 |
| Ashton Thomas Private Wealth, LLC | 173 | $7K | 0.0% | 2026-Q2 |
| Sonoma Allocations LLC new | 30,804 | $1M | 0.7% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC | 28,180 | $1M | 0.6% | 2026-Q1 stale (1 quarter behind) |
| OLD MISSION CAPITAL LLC trimmed | 18,306 | $717K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| CENTAURUS FINANCIAL, INC. trimmed | 14,075 | $551K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| LPL Financial LLC trimmed | 11,733 | $459K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| Foundations Investment Advisors, LLC trimmed | 10,040 | $393K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC new | 9,679 | $379K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| LeClair Wealth Partners LLC new | 9,247 | $362K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| WorthPointe, LLC trimmed | 6,503 | $255K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Global Trust Wealth Management LLC trimmed | 5,385 | $211K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Gradient Investments LLC trimmed | 5,312 | $208K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Sunbelt Securities, Inc. trimmed | 4,529 | $177K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| JPMORGAN CHASE & CO trimmed | 912 | $36K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| TopTier Wealth Management, LLC new | 386 | $15K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| UBS Group AG added | 343 | $13K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Orion Porfolio Solutions, LLC added | 41,438 | $2M | 0.9% | 2025-Q4 stale (2 quarters behind) |
| Encompass More Asset Management trimmed | 34,224 | $1M | 0.7% | 2025-Q4 stale (2 quarters behind) |
| CWM, LLC added | 28,702 | $1M | 0.6% | 2025-Q4 stale (2 quarters behind) |
| Atria Investments, Inc added | 25,271 | $977K | 0.6% | 2025-Q4 stale (2 quarters behind) |
| Triad Wealth Partners, LLC added | 13,668 | $529K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| JT Stratford LLC | 6,622 | $256K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Safe Harbor Wealth Advisors, LLC new | 5,285 | $205K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Cambridge Investment Research Advisors, Inc. trimmed | 5,286 | $204K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Stuart Chaussee & Associates, Inc. trimmed | 1,420,593 | $54M | 30.4% | 2025-Q3 stale (3 quarters behind) |
| WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV | 250 | $9K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Brown Financial Advisors new | 14,528 | $534K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| Fisher Asset Management, LLC new | 12,439 | $457K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| Mattson Financial Services, LLC new | 12,186 | $448K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| Paladin Wealth, LLC new | 11,900 | $437K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Wood Tarver Financial Group, LLC | 2,203 | $80K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Berkshire Money Management, Inc. new | 964 | $35K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| AMERIFLEX GROUP, INC. | 114 | $4K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.