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.
Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.
Holders:17
Total Value:$11,803,180
Total Shares:447,516
Institutional Ownership Trend
7 quarters
Holder Concentration
Across 17 13F filers
· Δ vs Jun 30, 2026
Top Holder
25.7%
+16.4 pts
Top 5
66.0%
+39.8 pts
Top 10
89.3%
+48.4 pts
HHI
1,247
Broadly held+974
Who Holds ZFEB
Last 7 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:
103 filers,
like-for-like change -1.3%; actively managed books -1.3%.
Holder type
Share
Filers
Change
New
Exited
Registered adviser
65.4%
70
-2.8%
4
2
Bank
3.6%
4
+2.2%
2
0
Broker-dealer
2.1%
1
+97.6%
0
0
Holding company
1.7%
1
+6.4%
0
0
Unknown
27.2%
27
-2.4%
3
1
Style
Share
Filers
Change
New
Exited
Systematic-like
0.3%
1
+0.2%
0
0
Concentrated
19.9%
31
-0.3%
2
2
Diversified active
79.7%
71
-1.5%
7
1
Not measured
0.0%
0
—
0
0
Unknown
0.0%
0
—
0
0
Turnover
Share
Filers
Change
New
Exited
Low turnover
67.6%
71
-4.0%
4
1
Medium turnover
15.4%
19
+14.1%
3
0
High turnover
11.2%
6
-3.6%
2
1
Unknown
5.8%
7
+1.2%
0
1
Not measured
0.0%
0
—
0
0
Holding horizon
Share
Filers
Change
New
Exited
Short horizon
5.1%
9
+15.0%
2
0
Medium horizon
19.1%
22
-4.8%
0
2
Long horizon
75.1%
70
-1.7%
6
1
Unknown
0.8%
2
+50.4%
1
0
Not measured
0.0%
0
—
0
0
13F book size
Share
Filers
Change
New
Exited
Under $1B
30.7%
39
-7.6%
3
2
$1B to $10B
31.6%
36
+6.3%
2
1
$10B to $100B
28.3%
20
-1.1%
2
0
$100B or more
9.4%
8
-4.5%
2
0
Not measured
0.0%
0
—
0
0
Client base
Share
Filers
Change
New
Exited
Individuals and high net worth
63.6%
67
-2.9%
4
2
Pooled investment vehicles
0.3%
1
+0.2%
0
0
Diversified
1.4%
2
0.0%
0
0
Pension and profit sharing plans
0.0%
0
—
0
0
Unknown
34.6%
33
+1.9%
5
1
Private funds
Share
Filers
Change
New
Exited
Hedge funds
0.9%
2
-0.9%
0
0
Private equity funds
0.5%
1
0.0%
0
0
Other private funds
2.8%
3
+71.3%
1
0
Mixed private funds
0.5%
1
0.0%
0
0
No private funds
60.7%
63
-4.8%
3
2
Venture capital funds
0.0%
0
—
0
0
Unknown
34.6%
33
+1.9%
5
1
Location
Share
Filers
Change
New
Exited
United States
99.9%
101
-1.3%
8
3
Outside the US
0.1%
2
+114.7%
1
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,
client base and private funds come from each filer's current regulatory profile. 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 1 holder with no observed 2026-03-31 13F and 3 holders with no observed 2026-06-30 13F.
