CWI · State Street(R) SPDR(R) MSCI ACWI ex-US ETF · Holdings ETF

$39.82 +0.24 (+0.61%)

Volume · Oct 20 242.98K Avg daily vol (3M) 276.81K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 46

Total Value: $231,420,891

Total Shares: 5,726,823

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 46 13F filers · Δ vs Jun 30, 2026

Top Holder

21.2%

+4.1 pts

Top 5

65.7%

+23.2 pts

Top 10

84.7%

+28.9 pts

HHI

1,079

Broadly held+545

Who Holds CWI

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 276 filers, like-for-like change +1.0%; actively managed books +0.7%; index-like books +13.7%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	47.8%	171	+2.2%	10	7
Adviser	1.3%	3	+205.0%	0	0
Bank	30.0%	19	+4.4%	4	0
Broker-dealer	3.1%	1	-0.4%	0	0
Non-US	0.0%	2	-0.3%	0	0
Holding company	2.6%	6	+1.3%	0	0
Exempt adviser	0.0%	0	-100.0%	0	1
Unknown	15.1%	74	-12.7%	11	6

Style	Share	Filers	Change	New	Exited
Index-like	2.3%	7	+13.7%	1	0
Concentrated	34.0%	94	+0.8%	5	5
Diversified active	63.7%	175	+0.7%	19	8
Systematic-like	0.0%	0	-100.0%	0	1
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	91.3%	219	+4.2%	19	8
Medium turnover	5.4%	33	+5.4%	4	2
High turnover	0.3%	3	-91.5%	1	4
Unknown	3.0%	21	-0.3%	1	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	3.2%	19	+2.8%	2	0
Medium horizon	7.0%	48	+14.2%	7	3
Long horizon	89.8%	208	+0.2%	15	8
Unknown	0.0%	1	-97.9%	1	3
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	9.9%	93	+1.0%	6	3
$1B to $10B	24.0%	100	0.0%	13	6
$10B to $100B	29.3%	57	+4.1%	4	3
$100B or more	36.7%	26	-0.7%	2	2
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	45.6%	155	+2.3%	8	6
Pension and profit sharing plans	1.5%	4	+4.1%	0	0
Charitable organizations	0.0%	1	-7.5%	0	0
Governments and sovereign funds	0.0%	1	+35.0%	0	0
Banks and thrifts	0.2%	1	0.0%	0	0
Corporations	0.0%	1	0.0%	0	0
Other investment advisers	0.1%	3	+9.5%	0	0
Other	0.0%	1	-83.8%	1	1
Diversified	0.4%	4	+0.5%	1	0
Pooled investment vehicles	0.0%	0	—	0	0
Registered funds and BDCs	0.0%	0	—	0	0
Unknown	52.2%	105	-0.1%	15	7

Private funds	Share	Filers	Change	New	Exited
Hedge funds	1.5%	9	-5.3%	1	2
Private equity funds	1.4%	8	-4.7%	1	1
Real estate funds	0.3%	6	+3.1%	1	0
Other private funds	5.9%	13	+3.8%	0	0
Mixed private funds	0.0%	2	0.0%	0	0
No private funds	38.8%	133	+2.6%	7	4
Private funds, type not stated	0.0%	0	-100.0%	0	1
Unknown	52.2%	105	-0.1%	15	6

Location	Share	Filers	Change	New	Exited
United States	92.0%	266	+1.2%	25	13
Outside the US	8.0%	10	-0.7%	0	1

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 3 holders with no observed 2026-03-31 13F and 4 holders with no observed 2026-06-30 13F. Compared across CIK changes: JANUS HENDERSON GROUP PLC continues as Jupiter Topco LLC.

Conviction and Crowding

276 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

13.4% of filers hold it in their top 10

Mar 31, 2026: 43

Holders above 5%

median weight 0.023%

Mar 31, 2026: 3

Crowding

—

no cover-page share count is dated within about a year of the quarter end

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

no cover-page share count is dated within about a year of the quarter end

Top 10 holders

56.1%

of 13F shares, Herfindahl 0.054

Active holders

+0.7%

like-for-like share change of active filers

5% stakes on record

0 13D, 1 13G (1 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 19.4 quarters

Under 1 year 5.27% 1 to 3 years 20.3% 3 years or more 74.4% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$32.32

estimated per share

Mar 31, 2026: $32.39

Quarter-end price

$40.67

implied by 13F values

Estimated gain or loss

+25.8%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 22.6% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of CWI by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 173,628 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	173,628	1
Active ETFs	0	0
Active funds	0	0
Unclassified	0	0
All registered funds	173,628	1

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -231

Institutional value: -89.6%

Shares held: -89.6%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Small Friday Financial	+102,739	368,299
Mid SIGNATURE ESTATE & INVESTMENT ADVISORS LLC	+74,648	716,773
Mid Chesley Taft & Associates LLC	+17,095	114,592
Small Opal Wealth Advisors, LLC	+9,023	160,272
Small NOVEM GROUP	+6,038	115,610

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Small ARCADIA INVESTMENT ADVISORS LLC	−17,814	289,548
Mid CLIFTONLARSONALLEN WEALTH ADVISORS, LLC	−17,741	843,691
Mid Forvis Mazars Wealth Advisors, LLC	−9,530	618,459
Mid EASTERN BANK	−5,689	46,263
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	−3,328	276,380

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Mid CWA Asset Management Group, LLC	23,125	$934,481
Small Capstone Wealth Management Group, Inc.	6,632	$267,999
Small SANDERS MORRIS HARRIS LLC	5,000	$202,050

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)	Open
Mid Goelzer Investment Management, Inc.	7,045	$286,520
Small Investors Research Corp	430	$17,488

Filter: New 3 Increased 11 Reduced 15 Sold out 2 Unchanged 17

Holder type: Registered adviser 29 Broker-dealer 1 Unknown 16

Showing 46 of 46

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

HENGEHOLD CAPITAL MANAGEMENT LLC

$49,120,335

21.23%

1,215,549

CLIFTONLARSONALLEN WEALTH ADVISORS, LLC

$34,093,553

14.73%

843,691

SIGNATURE ESTATE & INVESTMENT ADVISORS LLC

$28,964,796

12.52%

716,773

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SIGNATURE INVESTMENT ADVISORS LLC	628,400	$25,393,644	87.7%	Defined
Held directly	88,373	$3,571,152	12.3%	Sole

Forvis Mazars Wealth Advisors, LLC

$24,991,928

10.80%

618,459

Friday Financial

$14,882,962

6.43%

368,299

ARCADIA INVESTMENT ADVISORS LLC

$11,700,634

5.06%

289,548

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

$11,168,515

4.83%

276,380

Portus Wealth Advisors, LLC

$8,930,488

3.86%

220,997

Opal Wealth Advisors, LLC

$6,476,591

2.80%

160,272

CWC Advisors, LLC.

$5,581,348

2.41%

138,118

Montecito Bank & Trust

$5,280,940

2.28%

130,684

NOVEM GROUP

$4,671,800

2.02%

115,610

Chesley Taft & Associates LLC

$4,630,661

2.00%

114,592

Focus Financial Network, Inc.

$3,420,504

1.48%

84,645

MERIDIAN INVESTMENT COUNSEL INC.

$2,789,865

1.21%

69,039

EASTERN BANK

$1,869,487

0.81%

46,263

BAILARD, INC.

$1,619,673

0.70%

40,081

Farther Finance Advisors, LLC

$1,352,239

0.58%

33,463

Fulton Bank, N.A.

$1,140,572

0.49%

28,225

CWA Asset Management Group, LLC

$934,481

0.40%

23,125

Kagan Cocozza Asset Management

$813,008

0.35%

20,119

BAKER TILLY WEALTH MANAGEMENT, LLC

$780,155

0.34%

19,306

Iowa State Bank

$692,061

0.30%

17,126

Kure Advisory, LLC

$636,942

0.28%

15,762

SMI Advisory Services, LLC

$566,103

0.24%

14,009

Towneley Capital Management, Inc / DE

$529,653

0.23%

13,107

Stegner Investment Associates Inc.

$411,292

0.18%

10,178

Wealth Alliance Advisory Group, LLC

$381,106

0.16%

9,431

Krilogy Financial LLC

$373,428

0.16%

9,241

Center For Asset Management LLC

$286,789

0.12%

7,097

Cooke Wealth Management, LLC

$283,152

0.12%

7,007

Capstone Wealth Management Group, Inc.

$267,999

0.12%

6,632

RVW Wealth, LLC

$259,634

0.11%

6,425

GoalVest Advisory LLC

$254,461

0.11%

6,297

RFG - Bristol Wealth Advisors, LLC

$221,204

0.10%

5,474

ROCKLAND TRUST CO

$218,092

0.09%

5,397

SANDERS MORRIS HARRIS LLC

$202,050

0.09%

5,000

First Pacific Financial

$177,682

0.08%

4,397

Private Wealth Management Group, LLC

$129,312

0.06%

3,200

CoreCap Advisors, LLC

$117,310

0.05%

2,903

FIRST COMMUNITY TRUST NA

$53,017

0.02%

1,312

Newton One Investments LLC

$52,411

0.02%

1,297

TD Waterhouse Canada Inc.

$52,209

0.02%

1,292

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	1,292	$52,209	100.0%	Defined

Blue Trust, Inc.

$15,719

0.01%

389

GAMMA Investing LLC

$15,113

0.01%

374

Davis Capital Management

$9,617

0.00%

238