Who owns XEMD
Which tracked institutional funds hold XEMD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XEMD 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
The tracked-fund tape on XEMD is one-sided between 2026-Q1 and 2026-Q2: 21 added or opened and 5 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
XEMD’s largest tracked holder by dollar value, ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP, sizes it at 13.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 13.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in XEMD 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 57 tracked filers holding XEMD, 45 increased or opened the position and 18 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 XEMD 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 6
- POTOMAC FUND MANAGEMENT INC /ADV$30M
- Viaable, LLC$10M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$3M
- Kestra Advisory Services, LLC$1M
- Beacon Pointe Advisors, LLC$1M
- JANE STREET GROUP, LLC$708K
Full exits 5
- Municipal Employees' Retirement System of Michigan$207M
- KICKSTAND VENTURES, LLC.$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$2M
- Cambridge Investment Research Advisors, Inc.$2M
- CITADEL ADVISORS LLC$682K
Largest adds
- Kestra Investment Management, LLC$17M
- ASSETMARK, INC$17M
- ENVESTNET ASSET MANAGEMENT INC$9M
- BANK OF AMERICA CORP /DE/$8M
- ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP$4M
- Cetera Investment Advisers$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 |
|---|---|---|---|---|
| ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP trimmed | 9,425,673 | $423M | 45.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,373,092 | $62M | 6.6% | 2026-Q2 |
| Kestra Investment Management, LLC added | 879,172 | $39M | 4.2% | 2026-Q2 |
| ASSETMARK, INC added | 809,097 | $36M | 3.9% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 734,688 | $33M | 3.5% | 2026-Q2 |
| POTOMAC FUND MANAGEMENT INC /ADV added | 662,900 | $30M | 3.2% | 2026-Q2 |
| Sound Income Strategies, LLC added | 337,656 | $15M | 1.6% | 2026-Q2 |
| DORVAL Corp added | 326,139 | $15M | 1.6% | 2026-Q2 |
| FLPUTNAM INVESTMENT MANAGEMENT CO added | 316,742 | $14M | 1.5% | 2026-Q2 |
| Cetera Investment Advisers added | 251,650 | $11M | 1.2% | 2026-Q2 |
| Viaable, LLC new | 224,092 | $10M | 1.1% | 2026-Q2 |
| Orion Porfolio Solutions, LLC added | 77,058 | $3M | 0.4% | 2026-Q2 |
| Strait & Sound Wealth Management LLC added | 75,495 | $3M | 0.4% | 2026-Q2 |
| Focus Partners Wealth added | 66,141 | $3M | 0.3% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC new | 63,479 | $3M | 0.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 47,844 | $2M | 0.2% | 2026-Q2 |
| Encompass More Asset Management added | 42,470 | $2M | 0.2% | 2026-Q2 |
| Foundations Investment Advisors, LLC trimmed | 40,397 | $2M | 0.2% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 38,027 | $2M | 0.2% | 2026-Q2 |
| Camarda Financial Advisors, LLC added | 29,868 | $1M | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 27,636 | $1M | 0.1% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 26,797 | $1M | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC new | 23,106 | $1M | 0.1% | 2026-Q2 |
| CGN Advisors LLC added | 18,079 | $812K | 0.1% | 2026-Q2 |
| &PARTNERS added | 17,529 | $787K | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 15,753 | $708K | 0.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 15,474 | $695K | 0.1% | 2026-Q2 |
| Independent Wealth Network Inc. trimmed | 14,755 | $663K | 0.1% | 2026-Q2 |
| INVESTED ADVISORS added | 14,655 | $658K | 0.1% | 2026-Q2 |
| Alteri Wealth LLC added | 14,530 | $653K | 0.1% | 2026-Q2 |
| KINTRA WEALTH, LLC added | 10,351 | $462K | 0.0% | 2026-Q2 |
| North Forty Two & Co. new | 8,675 | $390K | 0.0% | 2026-Q2 |
| GWN SECURITIES INC. new | 8,543 | $384K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 7,866 | $353K | 0.0% | 2026-Q2 |
| RICHARDSON FINANCIAL SERVICES INC. trimmed | 7,166 | $322K | 0.0% | 2026-Q2 |
| Bright Futures Wealth Management, LLC. added | 6,491 | $292K | 0.0% | 2026-Q2 |
| MONECO ADVISORS, LLC new | 6,142 | $276K | 0.0% | 2026-Q2 |
| CREATIVE FINANCIAL DESIGNS INC /ADV new | 5,232 | $235K | 0.0% | 2026-Q2 |
| UBS Group AG added | 3,834 | $172K | 0.0% | 2026-Q2 |
| Rossby Financial, LCC added | 2,108 | $95K | 0.0% | 2026-Q2 |
| Parallel Advisors, LLC | 2,000 | $90K | 0.0% | 2026-Q2 |
| FMR LLC added | 1,585 | $71K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 1,415 | $64K | 0.0% | 2026-Q2 |
| MORGAN STANLEY added | 1,336 | $60K | 0.0% | 2026-Q2 |
| Capital Investment Advisory Services, LLC trimmed | 1,217 | $55K | 0.0% | 2026-Q2 |
| HARBOR INVESTMENT ADVISORY, LLC | 517 | $23K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 391 | $17K | 0.0% | 2026-Q2 |
| Key Capital Management, INC trimmed | 334 | $15K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN new | 286 | $13K | 0.0% | 2026-Q2 |
| AE Wealth Management LLC added | 192 | $9K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. | 164 | $7K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC added | 161 | $7K | 0.0% | 2026-Q2 |
| Meramec Financial Planners, LLC new | 114 | $5K | 0.0% | 2026-Q2 |
| Cape Investment Advisory, Inc. | 46 | $2K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ | 40 | $2K | 0.0% | 2026-Q2 |
| Hilton Head Capital Partners, LLC | 25 | $1K | 0.0% | 2026-Q2 |
| Allworth Financial LP new | 13 | $584 | 0.0% | 2026-Q2 |
| Municipal Employees' Retirement System of Michigan | 4,714,975 | $207M | 22.0% | 2026-Q1 stale (1 quarter behind) |
| KICKSTAND VENTURES, LLC. new | 50,894 | $2M | 0.2% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 43,771 | $2M | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Cambridge Investment Research Advisors, Inc. added | 38,986 | $2M | 0.2% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC added | 15,520 | $682K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Ameritas Advisory Services, LLC trimmed | 5,860 | $258K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC added | 2,416 | $106K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Bulwark Capital Corp new | 236 | $10K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| GW&K Investment Management, LLC new | 37 | $2K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Western Wealth Management, LLC new | 23 | $1K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Truvestments Capital LLC new | 22 | $967 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| CoreCap Advisors, LLC new | 18 | $802 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| OLD MISSION CAPITAL LLC new | 52,806 | $2M | 0.2% | 2025-Q3 stale (3 quarters behind) |
| FULLCIRCLE WEALTH LLC added | 30,549 | $1M | 0.1% | 2025-Q3 stale (3 quarters behind) |
| First Horizon Advisors, Inc. new | 71 | $3K | 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.