INCM · Holdings ETF

$28.97 +0.07 (+0.23%)

Volume · Oct 20 256.4K Avg daily vol (3M) 410.02K

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: 20

Total Value: $36,399,702

Total Shares: 1,278,978

Institutional Ownership Trend

14 quarters

Holder Concentration

Across 20 13F filers · Δ vs Jun 30, 2026

Top Holder

54.2%

+32.8 pts

Top 5

86.0%

+34.9 pts

Top 10

94.9%

+23.7 pts

HHI

3,291

Highly concentrated+2,491

Who Holds INCM

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: 122 filers, like-for-like change +17.1%; actively managed books +16.5%; index-like books +27.7%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	20.0%	70	+22.1%	13	10
Adviser	6.6%	3	+10.2%	0	0
Bank	21.0%	10	+14.4%	1	0
Broker-dealer	21.4%	1	+29.0%	0	0
Holding company	8.6%	3	+18.5%	0	0
Unknown	22.4%	35	+7.7%	5	4

Style	Share	Filers	Change	New	Exited
Index-like	5.9%	2	+27.7%	0	0
Systematic-like	0.1%	2	+108.6%	1	0
Concentrated	7.2%	16	+13.1%	5	4
Diversified active	86.7%	102	+16.7%	13	10
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	97.6%	93	+17.6%	12	5
Medium turnover	1.1%	17	+45.9%	6	4
High turnover	0.3%	4	-54.6%	1	4
Unknown	1.0%	8	-1.4%	0	1
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	1.0%	8	-25.2%	0	4
Medium horizon	15.7%	22	+9.4%	3	3
Long horizon	83.3%	91	+19.6%	15	6
Unknown	0.0%	1	-50.8%	1	1
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	10.0%	31	+8.3%	5	7
$1B to $10B	10.9%	48	+29.3%	11	4
$10B to $100B	14.3%	26	+11.1%	2	2
$100B or more	64.8%	17	+18.2%	1	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	19.6%	66	+23.9%	12	7
Pooled investment vehicles	0.1%	1	-59.2%	0	1
Pension and profit sharing plans	0.2%	2	+149.7%	1	0
Other investment advisers	0.0%	1	-36.7%	0	1
Registered funds and BDCs	0.0%	0	-100.0%	0	1
Corporations	0.0%	0	—	0	0
Unknown	80.0%	52	+15.9%	6	4

Private funds	Share	Filers	Change	New	Exited
Hedge funds	1.1%	3	-13.2%	0	1
Private equity funds	0.0%	1	-66.7%	0	0
Other private funds	0.0%	1	new	1	0
No private funds	18.8%	65	+25.7%	12	8
Real estate funds	0.0%	0	-100.0%	0	1
Private funds, type not stated	0.0%	0	—	0	0
Unknown	80.0%	52	+15.9%	6	4

Location	Share	Filers	Change	New	Exited
United States	94.0%	119	+17.4%	19	14
Outside the US	6.0%	3	+13.0%	0	0

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 2 holders with no observed 2026-03-31 13F and 2 holders with no observed 2026-06-30 13F.

Conviction and Crowding

122 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

7.38% of filers hold it in their top 10

Mar 31, 2026: 8

Holders above 5%

median weight 0.019%

Mar 31, 2026: 2

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

71.3%

of 13F shares, Herfindahl 0.080

Active holders

+16.5%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 9.0 quarters

Under 1 year 3.13% 1 to 3 years 69.8% 3 years or more 27.0% 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

$27.56

estimated per share

Mar 31, 2026: $27.27

Quarter-end price

$28.85

implied by 13F values

Estimated gain or loss

+4.7%

price against the estimated cost

Estimated at a loss

4.88%

of costed 13F value

Estimated cost covers 88.4% 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.

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: -103

Institutional value: -95.7%

Shares held: -95.6%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	+67,873	693,314
Small RICHARDS, MERRILL & PETERSON, INC.	+28,670	138,815
Large DAVENPORT & Co LLC	+16,794	174,719
Mid PFG Advisors	+6,642	28,555
Small Innovative Wealth Building LLC	+2,196	34,969

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Micro THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.	−13,121	6,543
Mid KWB Wealth	−2,212	9,041
Small Secure Asset Management, LLC	−1,587	39,976
Small Wealth Enhancement Trust Services, Inc.	−296	1,748

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)	Open
Mid AlphaStar Capital Management, LLC	12,050	$342,943
Small Williams & Novak, LLC	7,300	$207,758

Top Sold-Out Positions

vs Jun 30, 2026

No fully closed positions this quarter.

Filter: New 2 Increased 11 Reduced 4 Sold out 0 Unchanged 3

Holder type: Registered adviser 14 Unknown 6

Showing 20 of 20

All Common Calls Puts

Compact Export CSV

Holder	Value (USD)	% of 13F	Shares	Own %	Change	Type	Filed
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC INCM	$19,731,716	54.21%	693,314	—	+67,873 +10.9%	Shares	2026-10-13
Large DAVENPORT & Co LLC Registered adviser INCM	$4,972,502	13.66%	174,719	—	+16,794 +10.6%	Shares	2026-10-14
Small RICHARDS, MERRILL & PETERSON, INC. Registered adviser INCM	$3,950,674	10.85%	138,815	—	+28,670 +26.0%	Shares	2026-10-19
Small HBW ADVISORY SERVICES LLC Registered adviser INCM	$1,502,602	4.13%	52,797	—	+1,113 +2.2%	Shares	2026-10-15
Small Secure Asset Management, LLC Registered adviser INCM	$1,137,716	3.13%	39,976	—	-1,587 -3.8%	Shares	2026-10-19
Small Innovative Wealth Building LLC INCM	$995,217	2.73%	34,969	—	+2,196 +6.7%	Shares	2026-10-14
Mid PFG Advisors Registered adviser INCM	$812,675	2.23%	28,555	—	+6,642 +30.3%	Shares	2026-10-16
Small Plus Group Wealth Advisors LLC Registered adviser INCM	$643,679	1.77%	22,617	—	+2,101 +10.2%	Shares	2026-10-19
Small Bill Few Associates, Inc. Registered adviser INCM	$426,359	1.17%	14,981	—	+708 +5.0%	Shares	2026-10-09
Mid Atria Investments, Inc Registered adviser INCM	$363,804	1.00%	12,783	—	+117 +0.9%	Shares	2026-10-15
Mid AlphaStar Capital Management, LLC Registered adviser INCM	$342,943	0.94%	12,050	—	New	Shares	2026-10-16
Small AVAII WEALTH MANAGEMENT, LLC INCM	$267,666	0.74%	9,405	—	+692 +7.9%	Shares	2026-10-09
Mid KWB Wealth Registered adviser INCM	$257,306	0.71%	9,041	—	-2,212 -19.7%	Shares	2026-10-16
Mid TITLEIST ASSET MANAGEMENT, LLC Registered adviser INCM	$222,557	0.61%	7,820	—	+645 +9.0%	Shares	2026-10-08
Mid B. Riley Wealth Advisors, Inc. INCM	$212,738	0.58%	7,475	—	0 0.0%	Shares	2026-10-13
Small Williams & Novak, LLC Registered adviser INCM	$207,758	0.57%	7,300	—	New	Shares	2026-10-09
Micro THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. INCM	$186,210	0.51%	6,543	—	-13,121 -66.7%	Shares	2026-10-14
Large Farther Finance Advisors, LLC Registered adviser INCM	$113,840	0.31%	4,000	—	0 0.0%	Shares	2026-10-08
Small Wealth Enhancement Trust Services, Inc. INCM	$49,748	0.14%	1,748	—	-296 -14.5%	Shares	2026-10-07
Mid IFP Advisors, Inc Registered adviser INCM	$1,992	0.01%	70	—	0 0.0%	Shares	2026-10-16
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