Who owns XHLF
Which tracked institutional funds hold XHLF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XHLF company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-21). 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
33 tracked funds added or opened XHLF while 40 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
XHLF’s largest tracked holder by dollar value, POTOMAC FUND MANAGEMENT INC /ADV, sizes it at 9.9% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 9.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in XHLF 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 125 tracked filers holding XHLF, 62 increased or opened the position and 74 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 XHLF 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 12
- Pasadena Private Wealth, LLC$31M
- Diversify Advisory Services, LLC$15M
- Fairlight Advisors$9M
- Focus Partners Advisor Solutions, LLC$2M
- WEST MICHIGAN ADVISORS, LLC$2M
- Private Advisory Group LLC$2M
Full exits 12
- a16z Perennial Management, L.P.$70M
- Cambridge Investment Research Advisors, Inc.$5M
- GTS SECURITIES LLC$4M
- Janney Montgomery Scott LLC$4M
- JANE STREET GROUP, LLC$3M
- Portside Wealth Group, LLC$3M
Largest adds
- POTOMAC FUND MANAGEMENT INC /ADV$70M
- Focus Partners Wealth$15M
- BANK OF MONTREAL /CAN/$14M
- Ameritas Advisory Services, LLC$12M
- Carrera Capital Advisors$9M
- DIVERSIFY WEALTH MANAGEMENT, LLC$8M
Largest trims
- TOTAL INVESTMENT MANAGEMENT INC$34M
- 3EDGE Asset Management, LP$31M
- Tanager Wealth Management LLP$25M
- Sigma Planning Corp$5M
- MORGAN STANLEY$4M
- BANK OF AMERICA CORP /DE/$3M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| POTOMAC FUND MANAGEMENT INC /ADV added | 7,802,882 | $392M | 32.8% | 2026-Q2 |
| Carrera Capital Advisors added | 2,997,085 | $151M | 12.6% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 1,252,452 | $63M | 5.3% | 2026-Q2 |
| TOTAL INVESTMENT MANAGEMENT INC trimmed | 1,101,014 | $55M | 4.6% | 2026-Q2 |
| Tanager Wealth Management LLP trimmed | 970,303 | $49M | 4.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 885,367 | $45M | 3.7% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 702,433 | $35M | 2.9% | 2026-Q2 |
| Pasadena Private Wealth, LLC added | 612,547 | $31M | 2.6% | 2026-Q2 |
| Focus Partners Wealth added | 542,920 | $27M | 2.3% | 2026-Q2 |
| JDM Financial Group LLC trimmed | 498,806 | $25M | 2.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 419,644 | $21M | 1.8% | 2026-Q2 |
| Advisors Preferred, LLC added | 378,300 | $19M | 1.6% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 375,690 | $19M | 1.6% | 2026-Q2 |
| SILVER OAK SECURITIES, INCORPORATED trimmed | 348,553 | $18M | 1.5% | 2026-Q2 |
| Signal Advisors Wealth, LLC added | 308,141 | $15M | 1.3% | 2026-Q2 |
| EVERGREEN CAPITAL MANAGEMENT LLC trimmed | 301,901 | $15M | 1.3% | 2026-Q2 |
| DIVERSIFY WEALTH MANAGEMENT, LLC added | 294,518 | $15M | 1.2% | 2026-Q2 |
| Diversify Advisory Services, LLC new | 294,518 | $15M | 1.2% | 2026-Q2 |
| CAMBIENT FAMILY OFFICE, LLC trimmed | 209,507 | $11M | 0.9% | 2026-Q2 |
| Encompass More Asset Management added | 203,535 | $10M | 0.9% | 2026-Q2 |
| eCIO, Inc. added | 180,392 | $9M | 0.8% | 2026-Q2 |
| Fairlight Advisors new | 180,178 | $9M | 0.8% | 2026-Q2 |
| Stadion Money Management, LLC added | 174,729 | $9M | 0.7% | 2026-Q2 |
| Laurel Wealth Advisors LLC added | 166,800 | $8M | 0.7% | 2026-Q2 |
| MORGAN STANLEY trimmed | 155,058 | $8M | 0.7% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 151,670 | $8M | 0.6% | 2026-Q2 |
| Strait & Sound Wealth Management LLC added | 140,248 | $7M | 0.6% | 2026-Q2 |
| Warren Street Wealth Advisors, LLC added | 136,934 | $7M | 0.6% | 2026-Q2 |
| North Forty Two & Co. added | 119,610 | $6M | 0.5% | 2026-Q2 |
| Bulwark Capital Corp trimmed | 94,661 | $5M | 0.4% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 91,985 | $5M | 0.4% | 2026-Q2 |
| Aptus Capital Advisors, LLC trimmed | 81,513 | $4M | 0.3% | 2026-Q2 |
| Oliver Luxxe Assets LLC trimmed | 78,993 | $4M | 0.3% | 2026-Q2 |
| GUARDIAN WEALTH ADVISORS, LLC / NC trimmed | 71,176 | $4M | 0.3% | 2026-Q2 |
| STAR Financial Bank trimmed | 70,214 | $4M | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 69,419 | $3M | 0.3% | 2026-Q2 |
| Measured Risk Portfolios, Inc. trimmed | 64,354 | $3M | 0.3% | 2026-Q2 |
| Sigma Planning Corp trimmed | 63,786 | $3M | 0.3% | 2026-Q2 |
| S&A Financial Services, Inc. trimmed | 62,586 | $3M | 0.3% | 2026-Q2 |
| Empowered Funds, LLC trimmed | 59,380 | $3M | 0.2% | 2026-Q2 |
| Strong Retirement Solutions LLC added | 57,166 | $3M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 49,771 | $3M | 0.2% | 2026-Q2 |
| CARY STREET PARTNERS FINANCIAL LLC trimmed | 49,476 | $2M | 0.2% | 2026-Q2 |
| Blume Capital Management, Inc. trimmed | 48,814 | $2M | 0.2% | 2026-Q2 |
| SYON CAPITAL LLC trimmed | 48,441 | $2M | 0.2% | 2026-Q2 |
| Focus Partners Advisor Solutions, LLC new | 47,307 | $2M | 0.2% | 2026-Q2 |
| 3EDGE Asset Management, LP trimmed | 42,035 | $2M | 0.2% | 2026-Q2 |
| SWEENEY & MICHEL, LLC trimmed | 37,312 | $2M | 0.2% | 2026-Q2 |
| Hobbs Group Advisors, LLC trimmed | 36,480 | $2M | 0.2% | 2026-Q2 |
| Curry Webb Wealth Management LLC trimmed | 34,629 | $2M | 0.1% | 2026-Q2 |
| WEST MICHIGAN ADVISORS, LLC new | 33,836 | $2M | 0.1% | 2026-Q2 |
| Private Advisory Group LLC added | 32,832 | $2M | 0.1% | 2026-Q2 |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV trimmed | 25,329 | $1M | 0.1% | 2026-Q2 |
| John W. Brooker & Co., CPAs added | 24,762 | $1M | 0.1% | 2026-Q2 |
| Brookstone Capital Management new | 22,973 | $1M | 0.1% | 2026-Q2 |
| NewSquare Capital LLC new | 21,731 | $1M | 0.1% | 2026-Q2 |
| CogentBlue Wealth Advisors, LLC new | 21,312 | $1M | 0.1% | 2026-Q2 |
| ABLE Financial Group, LLC added | 21,102 | $1M | 0.1% | 2026-Q2 |
| Tailwinds Wealth, LLC added | 20,439 | $1M | 0.1% | 2026-Q2 |
| Cerity Partners LLC trimmed | 20,428 | $1M | 0.1% | 2026-Q2 |
| BlackDiamond Wealth Management, LLC added | 18,088 | $908K | 0.1% | 2026-Q2 |
| Single Point Partners, LLC trimmed | 16,835 | $847K | 0.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 16,810 | $846K | 0.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 16,388 | $824K | 0.1% | 2026-Q2 |
| Teucrium Investment Advisors, LLC trimmed | 16,239 | $814K | 0.1% | 2026-Q2 |
| Global Retirement Partners, LLC added | 15,807 | $795K | 0.1% | 2026-Q2 |
| Able Wealth Management LLC trimmed | 15,524 | $781K | 0.1% | 2026-Q2 |
| Valmark Advisers, Inc. added | 14,183 | $713K | 0.1% | 2026-Q2 |
| Stonebrook Private Inc. trimmed | 13,944 | $701K | 0.1% | 2026-Q2 |
| Sugar Maple Asset Management, LLC added | 12,531 | $630K | 0.1% | 2026-Q2 |
| KFG WEALTH MANAGEMENT, LLC new | 12,400 | $624K | 0.1% | 2026-Q2 |
| Harvest Investment Services, LLC | 12,278 | $618K | 0.1% | 2026-Q2 |
| Orion Porfolio Solutions, LLC trimmed | 12,163 | $612K | 0.1% | 2026-Q2 |
| Belpointe Asset Management LLC added | 11,618 | $584K | 0.0% | 2026-Q2 |
| WealthPlan Investment Management, LLC trimmed | 11,319 | $569K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 11,102 | $558K | 0.0% | 2026-Q2 |
| Greenline Partners, LLC new | 10,439 | $525K | 0.0% | 2026-Q2 |
| Holcombe Financial, Inc. trimmed | 10,165 | $511K | 0.0% | 2026-Q2 |
| Ellis Investment Partners, LLC trimmed | 9,900 | $498K | 0.0% | 2026-Q2 |
| Dynamic Advisor Solutions LLC | 9,650 | $485K | 0.0% | 2026-Q2 |
| Financial Guidance Group, Inc. | 9,600 | $483K | 0.0% | 2026-Q2 |
| Note Advisors, LLC trimmed | 9,416 | $474K | 0.0% | 2026-Q2 |
| ZEGA Investments, LLC trimmed | 9,129 | $459K | 0.0% | 2026-Q2 |
| StoneX Group Inc. added | 9,074 | $457K | 0.0% | 2026-Q2 |
| ARGUS INVESTORS' COUNSEL, INC. trimmed | 8,344 | $420K | 0.0% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 8,208 | $413K | 0.0% | 2026-Q2 |
| Genesis Wealth Advisors, LLC new | 7,838 | $394K | 0.0% | 2026-Q2 |
| Astoria Portfolio Advisors LLC. trimmed | 7,698 | $387K | 0.0% | 2026-Q2 |
| Sowell Financial Services LLC | 7,299 | $367K | 0.0% | 2026-Q2 |
| Foundations Investment Advisors, LLC trimmed | 7,089 | $357K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 6,881 | $346K | 0.0% | 2026-Q2 |
| EP Wealth Advisors, LLC new | 6,574 | $331K | 0.0% | 2026-Q2 |
| Oregon Pacific Wealth Management, LLC added | 6,454 | $325K | 0.0% | 2026-Q2 |
| LAUREL OAK WEALTH MANAGEMENT, LLC added | 6,399 | $322K | 0.0% | 2026-Q2 |
| Vermillion & White Wealth Management Group, LLC added | 6,214 | $313K | 0.0% | 2026-Q2 |
| CFS Investment Advisory Services, LLC trimmed | 6,155 | $309K | 0.0% | 2026-Q2 |
| Meredith Wealth Planning new | 6,081 | $306K | 0.0% | 2026-Q2 |
| BANK OZK added | 5,627 | $283K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 5,619 | $283K | 0.0% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 5,594 | $281K | 0.0% | 2026-Q2 |
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.