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-Q1 13F filings (latest filed 2026-05-19). 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 2025-Q4 and 2026-Q1: 17 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 14.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 14.7pp 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 2025-Q4 and 2026-Q1, across 53 tracked filers holding XEMD, 44 increased or opened the position and 13 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 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 6
- Kestra Investment Management, LLC$22M
- FLPUTNAM INVESTMENT MANAGEMENT CO$13M
- KICKSTAND VENTURES, LLC.$2M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$2M
- &PARTNERS$679K
- Alteri Wealth LLC$588K
Full exits 1
- POTOMAC FUND MANAGEMENT INC /ADV$25M
Largest adds
- ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP$66M
- BANK OF AMERICA CORP /DE/$42M
- ENVESTNET ASSET MANAGEMENT INC$13M
- DORVAL Corp$5M
- Foundations Investment Advisors, LLC$1M
- MML INVESTORS SERVICES, LLC$1M
Largest trims
- Municipal Employees' Retirement System of Michigan$3M
- Encompass More Asset Management$2M
- Independent Wealth Network Inc.$576K
- ASSETMARK, INC$418K
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 added | 9,538,400 | $419M | 49.0% | 2026-Q1 |
| Municipal Employees' Retirement System of Michigan | 4,714,975 | $207M | 24.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,221,155 | $54M | 6.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 550,521 | $24M | 2.8% | 2026-Q1 |
| Kestra Investment Management, LLC new | 504,648 | $22M | 2.6% | 2026-Q1 |
| ASSETMARK, INC trimmed | 435,299 | $19M | 2.2% | 2026-Q1 |
| Sound Income Strategies, LLC added | 330,080 | $14M | 1.7% | 2026-Q1 |
| DORVAL Corp added | 315,932 | $14M | 1.6% | 2026-Q1 |
| FLPUTNAM INVESTMENT MANAGEMENT CO new | 297,147 | $13M | 1.5% | 2026-Q1 |
| Cetera Investment Advisers added | 172,546 | $8M | 0.9% | 2026-Q1 |
| Strait & Sound Wealth Management LLC added | 70,189 | $3M | 0.4% | 2026-Q1 |
| Orion Porfolio Solutions, LLC added | 67,740 | $3M | 0.3% | 2026-Q1 |
| Focus Partners Wealth added | 64,838 | $3M | 0.3% | 2026-Q1 |
| KICKSTAND VENTURES, LLC. new | 50,894 | $2M | 0.3% | 2026-Q1 |
| Foundations Investment Advisors, LLC added | 45,002 | $2M | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 43,771 | $2M | 0.2% | 2026-Q1 |
| Encompass More Asset Management trimmed | 40,906 | $2M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 38,986 | $2M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC added | 29,934 | $1M | 0.2% | 2026-Q1 |
| Camarda Financial Advisors, LLC added | 28,071 | $1M | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 25,976 | $1M | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 25,577 | $1M | 0.1% | 2026-Q1 |
| Independent Wealth Network Inc. trimmed | 17,576 | $772K | 0.1% | 2026-Q1 |
| CGN Advisors LLC added | 16,174 | $711K | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 15,520 | $682K | 0.1% | 2026-Q1 |
| &PARTNERS new | 15,446 | $679K | 0.1% | 2026-Q1 |
| Alteri Wealth LLC new | 13,387 | $588K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 12,255 | $539K | 0.1% | 2026-Q1 |
| KINTRA WEALTH, LLC new | 9,664 | $425K | 0.0% | 2026-Q1 |
| RICHARDSON FINANCIAL SERVICES INC. trimmed | 7,193 | $316K | 0.0% | 2026-Q1 |
| Bright Futures Wealth Management, LLC. new | 5,955 | $262K | 0.0% | 2026-Q1 |
| Ameritas Advisory Services, LLC trimmed | 5,860 | $258K | 0.0% | 2026-Q1 |
| INVESTED ADVISORS added | 5,377 | $236K | 0.0% | 2026-Q1 |
| UBS Group AG added | 3,812 | $168K | 0.0% | 2026-Q1 |
| CWM, LLC added | 2,416 | $106K | 0.0% | 2026-Q1 |
| Parallel Advisors, LLC new | 2,000 | $88K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 1,513 | $66K | 0.0% | 2026-Q1 |
| Rockefeller Capital Management L.P. new | 1,444 | $63K | 0.0% | 2026-Q1 |
| Capital Investment Advisory Services, LLC trimmed | 1,220 | $54K | 0.0% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1,109 | $49K | 0.0% | 2026-Q1 |
| Rossby Financial, LCC new | 598 | $26K | 0.0% | 2026-Q1 |
| HARBOR INVESTMENT ADVISORY, LLC new | 517 | $23K | 0.0% | 2026-Q1 |
| Key Capital Management, INC trimmed | 440 | $19K | 0.0% | 2026-Q1 |
| Bulwark Capital Corp new | 236 | $10K | 0.0% | 2026-Q1 |
| FMR LLC added | 191 | $8K | 0.0% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. new | 164 | $7K | 0.0% | 2026-Q1 |
| AE Wealth Management LLC added | 118 | $5K | 0.0% | 2026-Q1 |
| ROYAL BANK OF CANADA new | 108 | $5K | 0.0% | 2026-Q1 |
| GW&K Investment Management, LLC new | 37 | $2K | 0.0% | 2026-Q1 |
| US BANCORP \DE\ new | 40 | $2K | 0.0% | 2026-Q1 |
| Hilton Head Capital Partners, LLC new | 25 | $1K | 0.0% | 2026-Q1 |
| Western Wealth Management, LLC new | 23 | $1K | 0.0% | 2026-Q1 |
| Truvestments Capital LLC new | 22 | $967 | 0.0% | 2026-Q1 |
| POTOMAC FUND MANAGEMENT INC /ADV new | 564,718 | $25M | 2.9% | 2025-Q4 stale |
| OLD MISSION CAPITAL LLC new | 52,806 | $2M | 0.3% | 2025-Q3 stale |
| Orion Portfolio Solutions, LLC new | 44,203 | $2M | 0.2% | 2025-Q1 stale |
| FULLCIRCLE WEALTH LLC added | 30,549 | $1M | 0.2% | 2025-Q3 stale |
| JANE STREET GROUP, LLC added | 23,419 | $1M | 0.1% | 2025-Q3 stale |
| Kestra Advisory Services, LLC new | 748 | $33K | 0.0% | 2025-Q4 stale |
| First Horizon Advisors, Inc. new | 71 | $3K | 0.0% | 2025-Q2 stale |
| Global Retirement Partners, LLC new | 61 | $3K | 0.0% | 2025-Q4 stale |
| Cape Investment Advisory, Inc. new | 46 | $2K | 0.0% | 2025-Q4 stale |
| CoreCap Advisors, LLC new | 18 | $802 | 0.0% | 2025-Q4 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.