Who owns XBJL
Which tracked institutional funds hold XBJL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XBJL 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 XBJL is one-sided between 2025-Q4 and 2026-Q1: 1 added or opened and 15 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
XBJL’s largest tracked holder by dollar value, Cetera Investment Advisers, 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 XBJL more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in XBJL 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 42 tracked filers holding XBJL, 10 increased or opened the position and 33 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 XBJL 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
- Mattson Financial Services, LLC$5M
- Brown Financial Advisors$4M
- Orion Porfolio Solutions, LLC$2M
- Encompass More Asset Management$1M
- CWM, LLC$1M
- Atria Investments, Inc$986K
Largest adds
- Millington Financial Advisors, LLC$2M
Largest trims
- Gradient Investments LLC$41M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$11M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$660K
- OLD MISSION CAPITAL LLC$617K
- OSAIC HOLDINGS, INC.$606K
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 |
|---|---|---|---|---|
| Cetera Investment Advisers trimmed | 247,207 | $9M | 13.0% | 2026-Q1 |
| Welch Financial Planning, LLC added | 176,603 | $7M | 9.3% | 2026-Q1 |
| Millington Financial Advisors, LLC added | 122,928 | $5M | 6.7% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 126,466 | $5M | 6.6% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 87,540 | $3M | 4.6% | 2026-Q1 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC trimmed | 83,365 | $3M | 4.4% | 2026-Q1 |
| Weaver Consulting Group trimmed | 68,815 | $3M | 3.6% | 2026-Q1 |
| Brookwood Investment Group LLC added | 45,395 | $2M | 2.4% | 2026-Q1 |
| Chicago Partners Investment Group LLC | 39,804 | $2M | 2.2% | 2026-Q1 |
| Brookstone Capital Management added | 40,948 | $2M | 2.1% | 2026-Q1 |
| GWN SECURITIES INC. added | 37,134 | $1M | 1.9% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 36,150 | $1M | 1.9% | 2026-Q1 |
| Snowden Capital Advisors LLC trimmed | 33,243 | $1M | 1.7% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 32,000 | $1M | 1.7% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 25,442 | $971K | 1.3% | 2026-Q1 |
| First Commonwealth Financial Corp /PA/ trimmed | 24,843 | $944K | 1.3% | 2026-Q1 |
| CROSSPOINT FINANCIAL, LLC | 22,250 | $846K | 1.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 22,210 | $844K | 1.2% | 2026-Q1 |
| OLD MISSION CAPITAL LLC trimmed | 17,106 | $650K | 0.9% | 2026-Q1 |
| LPL Financial LLC trimmed | 15,516 | $590K | 0.8% | 2026-Q1 |
| Orion Capital Management LLC trimmed | 12,407 | $472K | 0.7% | 2026-Q1 |
| Visionary Wealth Advisors trimmed | 10,380 | $395K | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 10,054 | $382K | 0.5% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. | 9,381 | $357K | 0.5% | 2026-Q1 |
| Gradient Investments LLC trimmed | 8,348 | $317K | 0.4% | 2026-Q1 |
| Foundations Investment Advisors, LLC trimmed | 7,696 | $293K | 0.4% | 2026-Q1 |
| Evolution Wealth Advisors, LLC | 7,265 | $276K | 0.4% | 2026-Q1 |
| Diligent Investors, LLC | 6,800 | $259K | 0.4% | 2026-Q1 |
| Sunbelt Securities, Inc. trimmed | 6,477 | $246K | 0.3% | 2026-Q1 |
| Global Trust Wealth Management LLC | 6,015 | $229K | 0.3% | 2026-Q1 |
| Stratos Wealth Partners, LTD. | 6,012 | $229K | 0.3% | 2026-Q1 |
| DHJJ Financial Advisors, Ltd. | 4,726 | $180K | 0.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 2,901 | $108K | 0.1% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 2,514 | $96K | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 2,377 | $90K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA | 2,230 | $85K | 0.1% | 2026-Q1 |
| IFP Advisors, Inc trimmed | 1,849 | $70K | 0.1% | 2026-Q1 |
| WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV | 1,670 | $63K | 0.1% | 2026-Q1 |
| EverSource Wealth Advisors, LLC added | 400 | $7K | 0.0% | 2026-Q1 |
| Ashton Thomas Private Wealth, LLC trimmed | 173 | $7K | 0.0% | 2026-Q1 |
| AE Wealth Management LLC trimmed | 74 | $3K | 0.0% | 2026-Q1 |
| BARCLAYS PLC trimmed | 53 | $2K | 0.0% | 2026-Q1 |
| Mattson Financial Services, LLC trimmed | 120,638 | $5M | 6.4% | 2025-Q4 stale |
| Brown Financial Advisors trimmed | 113,115 | $4M | 6.0% | 2025-Q4 stale |
| Orion Porfolio Solutions, LLC added | 41,960 | $2M | 2.2% | 2025-Q4 stale |
| Encompass More Asset Management trimmed | 34,151 | $1M | 1.8% | 2025-Q4 stale |
| CWM, LLC added | 29,087 | $1M | 1.5% | 2025-Q4 stale |
| Atria Investments, Inc added | 25,773 | $986K | 1.4% | 2025-Q4 stale |
| Paladin Wealth, LLC trimmed | 21,821 | $835K | 1.2% | 2025-Q4 stale |
| CoreCap Advisors, LLC added | 18,144 | $679K | 0.9% | 2025-Q3 stale |
| JANE STREET GROUP, LLC trimmed | 17,963 | $608K | 0.8% | 2025-Q1 stale |
| Triad Wealth Partners, LLC added | 13,836 | $529K | 0.7% | 2025-Q4 stale |
| CITADEL ADVISORS LLC trimmed | 14,099 | $528K | 0.7% | 2025-Q3 stale |
| A4 Wealth Advisors LLC trimmed | 11,505 | $440K | 0.6% | 2025-Q4 stale |
| Orion Portfolio Solutions, LLC new | 8,942 | $303K | 0.4% | 2025-Q1 stale |
| WorthPointe, LLC | 6,739 | $258K | 0.4% | 2025-Q4 stale |
| BLVD Private Wealth, LLC trimmed | 5,660 | $212K | 0.3% | 2025-Q3 stale |
| BlackRock, Inc. | 1,984 | $67K | 0.1% | 2025-Q1 stale |
| RAYMOND JAMES FINANCIAL INC new | 1,616 | $58K | 0.1% | 2025-Q2 stale |
| Financial Network Wealth Advisors LLC added | 843 | $32K | 0.0% | 2025-Q4 stale |
| Allworth Financial LP trimmed | 507 | $18K | 0.0% | 2025-Q2 stale |
| AMERIFLEX GROUP, INC. | 115 | $4K | 0.0% | 2025-Q2 stale |
| UBS Group AG trimmed | 109 | $4K | 0.0% | 2025-Q2 stale |
| Luminist Capital LLC | 89 | $3K | 0.0% | 2025-Q2 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.