Who owns XFRAX
Which tracked institutional funds hold XFRAX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XFRAX 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
7 tracked funds added or opened XFRAX while 15 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
XFRAX’s largest tracked holder by dollar value, GUGGENHEIM CAPITAL LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in XFRAX 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 93 tracked filers holding XFRAX, 41 increased or opened the position and 38 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 XFRAX 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 4
- Penserra Capital Management LLC$11M
- LOOMIS SAYLES & CO L P$4M
- ABSOLUTE INVESTMENT ADVISERS, LLC$1M
- Arkadios Wealth Advisors$647K
Full exits 1
- Lalia Capital, LLC$2M
Largest adds
- WOLVERINE ASSET MANAGEMENT LLC$616K
- Byrne Asset Management LLC$574K
- Chicago Partners Investment Group LLC$316K
Largest trims
- READYSTATE ASSET MANAGEMENT LP$4M
- GUGGENHEIM CAPITAL LLC$3M
- BALYASNY ASSET MANAGEMENT L.P.$3M
- ROYAL BANK OF CANADA$2M
- UBS Group AG$1M
- AMERIPRISE FINANCIAL INC$1M
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 |
|---|---|---|---|---|
| GUGGENHEIM CAPITAL LLC trimmed | 1,434,951 | $16M | 13.8% | 2026-Q1 |
| Penserra Capital Management LLC trimmed | 965,985 | $11M | 9.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 462,808 | $5M | 4.5% | 2026-Q1 |
| Invesco Ltd. added | 401,725 | $4M | 3.9% | 2026-Q1 |
| Marathon Strategic Advisors, LLC added | 392,654 | $4M | 3.8% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 384,245 | $4M | 3.7% | 2026-Q1 |
| Edgemoor Investment Advisors, Inc. added | 328,384 | $4M | 3.2% | 2026-Q1 |
| LOOMIS SAYLES & CO L P added | 319,349 | $4M | 3.1% | 2026-Q1 |
| Advisors Asset Management, Inc. added | 247,691 | $3M | 2.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 227,867 | $3M | 2.2% | 2026-Q1 |
| Cerity Partners LLC added | 225,302 | $2M | 2.2% | 2026-Q1 |
| LPL Financial LLC trimmed | 207,211 | $2M | 2.0% | 2026-Q1 |
| GraniteShares Advisors LLC trimmed | 206,185 | $2M | 2.0% | 2026-Q1 |
| READYSTATE ASSET MANAGEMENT LP trimmed | 175,418 | $2M | 1.7% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 171,475 | $2M | 1.7% | 2026-Q1 |
| TT Capital Management LLC trimmed | 161,071 | $2M | 1.6% | 2026-Q1 |
| Byrne Asset Management LLC added | 153,930 | $2M | 1.5% | 2026-Q1 |
| Cetera Investment Advisers added | 149,418 | $2M | 1.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 148,112 | $2M | 1.4% | 2026-Q1 |
| WOLVERINE ASSET MANAGEMENT LLC added | 141,159 | $2M | 1.4% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 120,323 | $1M | 1.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 109,995 | $1M | 1.1% | 2026-Q1 |
| ABSOLUTE INVESTMENT ADVISERS, LLC new | 109,230 | $1M | 1.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 95,966 | $1M | 0.9% | 2026-Q1 |
| SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC added | 93,976 | $1M | 0.9% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 87,417 | $963K | 0.8% | 2026-Q1 |
| Chicago Partners Investment Group LLC added | 73,057 | $814K | 0.7% | 2026-Q1 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. trimmed | 68,798 | $758K | 0.7% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 68,301 | $753K | 0.7% | 2026-Q1 |
| UBS Group AG trimmed | 64,437 | $710K | 0.6% | 2026-Q1 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | 59,291 | $653K | 0.6% | 2026-Q1 |
| Arkadios Wealth Advisors added | 58,692 | $647K | 0.6% | 2026-Q1 |
| Wagner Wealth Management, LLC added | 57,401 | $633K | 0.6% | 2026-Q1 |
| SHUFRO ROSE & CO LLC | 51,100 | $563K | 0.5% | 2026-Q1 |
| Klingman & Associates, LLC added | 48,010 | $529K | 0.5% | 2026-Q1 |
| LEGACY FINANCIAL INDEPENDENT ADVISORS LLC new | 45,045 | $496K | 0.4% | 2026-Q1 |
| Apriem Advisors added | 44,287 | $488K | 0.4% | 2026-Q1 |
| Whitener Capital Management, Inc. added | 44,094 | $486K | 0.4% | 2026-Q1 |
| Quarry LP new | 43,241 | $477K | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 40,797 | $450K | 0.4% | 2026-Q1 |
| Shaker Financial Services, LLC trimmed | 40,271 | $444K | 0.4% | 2026-Q1 |
| Euro Pacific Asset Management, LLC | 31,965 | $420K | 0.4% | 2026-Q1 |
| VIRTUE ASSET MANAGEMENT LLC trimmed | 34,959 | $385K | 0.3% | 2026-Q1 |
| MELFA WEALTH MANAGEMENT, INC. added | 33,879 | $373K | 0.3% | 2026-Q1 |
| Andrew Hill Investment Advisors, Inc. trimmed | 33,354 | $368K | 0.3% | 2026-Q1 |
| Future Financial Wealth Managment LLC trimmed | 31,744 | $348K | 0.3% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 31,514 | $347K | 0.3% | 2026-Q1 |
| Lido Advisors, LLC | 31,473 | $347K | 0.3% | 2026-Q1 |
| Arax Advisory Partners added | 30,658 | $338K | 0.3% | 2026-Q1 |
| NOMURA HOLDINGS INC added | 30,570 | $337K | 0.3% | 2026-Q1 |
| INSIGNEO ADVISORY SERVICES, LLC added | 29,028 | $320K | 0.3% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 25,629 | $277K | 0.2% | 2026-Q1 |
| Capital Investment Advisors, LLC added | 24,270 | $267K | 0.2% | 2026-Q1 |
| Waverly Advisors, LLC trimmed | 21,487 | $237K | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 21,046 | $232K | 0.2% | 2026-Q1 |
| Focus Partners Wealth new | 20,814 | $229K | 0.2% | 2026-Q1 |
| ProVise Management Group, LLC trimmed | 20,654 | $228K | 0.2% | 2026-Q1 |
| Braeburn Wealth Management LLC | 20,000 | $220K | 0.2% | 2026-Q1 |
| Visionary Horizons, LLC trimmed | 18,315 | $202K | 0.2% | 2026-Q1 |
| GILL CAPITAL PARTNERS, LLC | 17,102 | $188K | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ | 17,083 | $188K | 0.2% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 15,893 | $175K | 0.2% | 2026-Q1 |
| EP Wealth Advisors, LLC | 15,777 | $174K | 0.2% | 2026-Q1 |
| Allworth Financial LP | 15,000 | $165K | 0.1% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 15,003 | $165K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 14,877 | $164K | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 14,845 | $164K | 0.1% | 2026-Q1 |
| BlackRock, Inc. | 12,782 | $141K | 0.1% | 2026-Q1 |
| EASTERN BANK | 11,009 | $121K | 0.1% | 2026-Q1 |
| HighTower Advisors, LLC | 10,426 | $115K | 0.1% | 2026-Q1 |
| Alpha Omega Wealth Management LLC | 10,000 | $110K | 0.1% | 2026-Q1 |
| CREATIVE FINANCIAL DESIGNS INC /ADV new | 10,000 | $110K | 0.1% | 2026-Q1 |
| NBC SECURITIES, INC. | 8,690 | $96K | 0.1% | 2026-Q1 |
| Graypoint LLC added | 198,701 | $3M | 2.3% | 2025-Q2 stale |
| Polar Asset Management Partners Inc. trimmed | 191,719 | $2M | 2.2% | 2025-Q3 stale |
| Lalia Capital, LLC new | 177,700 | $2M | 1.8% | 2025-Q4 stale |
| Baird Financial Group, Inc. added | 84,741 | $1M | 1.0% | 2025-Q2 stale |
| Virtus Investment Advisers, LLC trimmed | 62,480 | $821K | 0.7% | 2025-Q2 stale |
| Circle Wealth Management, LLC | 54,072 | $699K | 0.6% | 2025-Q1 stale |
| HRT FINANCIAL LP added | 36,421 | $470K | 0.4% | 2025-Q1 stale |
| Point Nemo Capital, LLC new | 37,507 | $442K | 0.4% | 2025-Q4 stale |
| Realta Investment Advisors added | 29,612 | $383K | 0.3% | 2025-Q1 stale |
| Schechter Investment Advisors, LLC added | 27,165 | $351K | 0.3% | 2025-Q1 stale |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 27,817 | $328K | 0.3% | 2025-Q4 stale |
| WEDBUSH SECURITIES INC added | 24,517 | $317K | 0.3% | 2025-Q1 stale |
| Atria Wealth Solutions, Inc. trimmed | 22,964 | $302K | 0.3% | 2025-Q2 stale |
| MILLENNIUM MANAGEMENT LLC trimmed | 22,033 | $290K | 0.3% | 2025-Q2 stale |
| XTX Topco Ltd new | 24,146 | $284K | 0.2% | 2025-Q4 stale |
| FORTRESS PRIVATE LEDGER, LLC trimmed | 19,979 | $259K | 0.2% | 2025-Q3 stale |
| VERUS CAPITAL PARTNERS, LLC added | 18,000 | $234K | 0.2% | 2025-Q3 stale |
| Sheaff Brock Investment Advisors, LLC | 15,500 | $200K | 0.2% | 2025-Q1 stale |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors trimmed | 15,807 | $186K | 0.2% | 2025-Q4 stale |
| Selway Asset Management trimmed | 11,900 | $154K | 0.1% | 2025-Q1 stale |
| OneDigital Investment Advisors LLC new | 11,399 | $147K | 0.1% | 2025-Q1 stale |
| FIRST FOUNDATION ADVISORS trimmed | 10,599 | $137K | 0.1% | 2025-Q1 stale |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 10,098 | $133K | 0.1% | 2025-Q3 stale |
| WEALTH EFFECTS LLC trimmed | 10,186 | $132K | 0.1% | 2025-Q1 stale |
| Alpine Global Management, LLC trimmed | 11,091 | $131K | 0.1% | 2025-Q4 stale |
| Cornerstone Wealth Group, LLC | 10,984 | $129K | 0.1% | 2025-Q4 stale |
| Gridiron Partners, LLC trimmed | 10,807 | $127K | 0.1% | 2025-Q4 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.