Who owns XPND
Which tracked institutional funds hold XPND, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XPND 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
2 tracked funds added or opened XPND while 2 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
XPND’s largest tracked holder by dollar value, Ferguson Shapiro LLC, sizes it at 5.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in XPND 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 25 tracked filers holding XPND, 15 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 XPND 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 1
- Integrated Wealth Concepts LLC$6M
Full exits 1
- TWO SIGMA INVESTMENTS, LP$1M
Largest adds
- Ferguson Shapiro LLC$316K
Largest trims
- OSAIC HOLDINGS, INC.$477K
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 |
|---|---|---|---|---|
| Ferguson Shapiro LLC added | 530,624 | $17M | 45.5% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 184,177 | $6M | 15.8% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 84,456 | $3M | 7.2% | 2026-Q1 |
| HighTower Advisors, LLC added | 36,492 | $1M | 3.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 36,052 | $1M | 3.1% | 2026-Q1 |
| NATIONS FINANCIAL GROUP INC, /IA/ /ADV trimmed | 29,722 | $976K | 2.5% | 2026-Q1 |
| Harvest Investment Services, LLC added | 20,721 | $680K | 1.8% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 15,476 | $508K | 1.3% | 2026-Q1 |
| Clear Creek Financial Management, LLC added | 15,225 | $500K | 1.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 13,144 | $431K | 1.1% | 2026-Q1 |
| LPL Financial LLC new | 10,912 | $358K | 0.9% | 2026-Q1 |
| &PARTNERS added | 10,841 | $356K | 0.9% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 10,579 | $347K | 0.9% | 2026-Q1 |
| Foundations Investment Advisors, LLC trimmed | 9,972 | $327K | 0.9% | 2026-Q1 |
| Arkadios Wealth Advisors added | 9,818 | $322K | 0.8% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC trimmed | 8,063 | $265K | 0.7% | 2026-Q1 |
| Geneos Wealth Management Inc. added | 5,064 | $166K | 0.4% | 2026-Q1 |
| HAZLETT, BURT & WATSON, INC. trimmed | 4,200 | $138K | 0.4% | 2026-Q1 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 2,866 | $95K | 0.2% | 2026-Q1 |
| PRIVATE TRUST CO NA new | 1,900 | $62K | 0.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. trimmed | 1,832 | $60K | 0.2% | 2026-Q1 |
| Advisory Services Network, LLC trimmed | 1,166 | $38K | 0.1% | 2026-Q1 |
| IFP Advisors, Inc | 1,058 | $35K | 0.1% | 2026-Q1 |
| AE Wealth Management LLC | 730 | $24K | 0.1% | 2026-Q1 |
| Ashton Thomas Private Wealth, LLC | 260 | $9K | 0.0% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP new | 30,000 | $1M | 2.8% | 2025-Q4 stale |
| Bullseye Investment Management, LLC | 37,936 | $1M | 2.8% | 2025-Q3 stale |
| Boyce & Associates Wealth Consulting, Inc. added | 17,447 | $493K | 1.3% | 2025-Q1 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 9,044 | $255K | 0.7% | 2025-Q1 stale |
| Cetera Investment Advisers new | 6,675 | $241K | 0.6% | 2025-Q4 stale |
| RFG Advisory, LLC trimmed | 6,507 | $235K | 0.6% | 2025-Q4 stale |
| DAVENPORT & Co LLC trimmed | 6,273 | $226K | 0.6% | 2025-Q4 stale |
| Kestra Advisory Services, LLC new | 4,069 | $147K | 0.4% | 2025-Q4 stale |
| Newbridge Financial Services Group, Inc. trimmed | 3,180 | $115K | 0.3% | 2025-Q3 stale |
| RAYMOND JAMES FINANCIAL INC new | 2,111 | $71K | 0.2% | 2025-Q2 stale |
| WELLS FARGO & COMPANY/MN new | 775 | $22K | 0.1% | 2025-Q1 stale |
| Ameritas Advisory Services, LLC | 504 | $18K | 0.0% | 2025-Q3 stale |
| UBS Group AG trimmed | 44 | $2K | 0.0% | 2025-Q3 stale |
| MORGAN STANLEY | 1 | $53 | 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.