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.
The Sep 30, 2026 filing window is
still open — showing the latest known positions. Funds that have not filed yet
carry their prior-quarter positions; a fund that filed without this stock counts
as sold out. Each fund's Change is measured against its own
previous reported quarter, shown in the Reported column. Pick a
completed quarter in the Quarter selector below to put every
fund on one quarter and see the stock-wide activity breakdown.
Holders:25
Total Value:$9,493,830
Total Shares:2,241,538
Institutional Ownership Trend
24 quarters
Holder Concentration
Across 24 13F filers
Top Holder
30.0%
of institutional value
Top 5
84.3%
of institutional value
Top 10
94.8%
of institutional value
HHI
1,744
Moderately concentrated
Who Holds OPAD
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:
23 filers,
like-for-like change +33.5%; actively managed books +83.7%; index-like books -2.0%.
Holder type
Share
Filers
Change
New
Exited
Registered adviser
30.2%
6
+186.4%
1
8
Exempt adviser
0.6%
1
+209.0%
1
1
Adviser
11.4%
1
+41.9%
0
0
Bank
1.5%
5
-25.4%
0
3
Insurer
29.7%
1
0.0%
0
0
Non-US
0.0%
1
-36.4%
0
0
Holding company
4.1%
2
-10.4%
0
1
Broker-dealer
0.0%
0
—
0
0
Benefit plan
0.0%
0
—
0
0
Unknown
22.5%
6
+13.3%
1
5
Style
Share
Filers
Change
New
Exited
Index-like
14.6%
5
-2.0%
0
3
Systematic-like
1.3%
2
-4.6%
1
3
Concentrated
14.8%
2
+76.2%
0
2
Diversified active
39.6%
13
+92.7%
2
10
Unknown
29.7%
1
0.0%
0
0
Not measured
0.0%
0
—
0
0
Turnover
Share
Filers
Change
New
Exited
Low turnover
50.6%
9
+1.8%
0
11
Medium turnover
19.9%
6
+791.4%
1
2
High turnover
3.3%
4
-0.6%
2
5
Unknown
26.3%
4
+33.4%
0
0
Not measured
0.0%
0
—
0
0
Holding horizon
Share
Filers
Change
New
Exited
Short horizon
44.6%
6
+115.8%
1
1
Medium horizon
34.8%
3
-1.4%
0
2
Long horizon
19.9%
13
+6.6%
1
14
Unknown
0.6%
1
+209.0%
1
1
Not measured
0.0%
0
—
0
0
13F book size
Share
Filers
Change
New
Exited
Under $1B
78.4%
5
+52.0%
1
3
$1B to $10B
4.2%
4
-19.4%
1
4
$10B to $100B
0.6%
1
-38.6%
1
6
$100B or more
16.8%
13
-2.0%
0
5
Not measured
0.0%
0
—
0
0
Client base
Share
Filers
Change
New
Exited
Individuals and high net worth
21.1%
3
+2124.8%
1
4
Pooled investment vehicles
0.0%
1
-94.9%
0
2
Registered funds and BDCs
9.1%
2
-0.3%
0
1
Other investment advisers
0.0%
0
-100.0%
0
1
Insurance companies
0.0%
0
—
0
0
Governments and sovereign funds
0.0%
0
—
0
0
Diversified
0.0%
0
—
0
0
Pension and profit sharing plans
0.0%
0
—
0
0
Unknown
69.8%
17
+8.4%
2
10
Private funds
Share
Filers
Change
New
Exited
Hedge funds
0.6%
1
+3.3%
1
3
Real estate funds
0.0%
1
0.0%
0
0
No private funds
30.2%
5
+210.1%
1
4
Other private funds
0.0%
0
-100.0%
0
2
Private funds, type not stated
0.0%
0
—
0
0
Securitized asset funds
0.0%
0
—
0
0
Unknown
69.2%
16
+7.8%
1
9
Location
Share
Filers
Change
New
Exited
United States
97.2%
17
+34.3%
2
16
Outside the US
2.8%
6
+10.0%
1
2
The Sep 30, 2026 filing window is still open, so its
bar carries the Jun 30, 2026 positions of filers that have not filed yet.
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.
Conviction and Crowding
23 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
1
4.35% of filers hold it in their top 10
Mar 31, 2026: 1
Holders above 5%
0
median weight 0.000%
Mar 31, 2026: 0
Crowding
1.20%
of shares outstanding, 5th percentile
Mar 31, 2026: 1.55%
Private-fund advisers
0.229%
of shares outstanding
Institutional ownership
36.4%
46.7% of the estimated free float
Top 10 holders
95.5%
of 13F shares, Herfindahl 0.172
Active holders
+83.7%
like-for-like share change of active filers
5% stakes on record
2
2 13D, 0 13G
How long holders have held itvalue-weighted 7.4 quarters
Under 1 year 48.7%1 to 3 years 35.1%3 years or more 16.2%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).
Shared Holders
Companies OPAD's active holders also own, quarter ended Jun 30, 2026
Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026
Index funds and index ETFs hold 2.57% of shares outstanding.
Fund type
Of shares outstanding
Change
Shares
Funds
Index funds
0.00%
0.00 pp
0
0
Index ETFs
2.57%
+2.57 pp
124,364
2
Active ETFs
0.00%
0.00 pp
0
0
Active funds
1.35%
+0.09 pp
65,246
2
Unclassified
0.00%
0.00 pp
0
0
All registered funds
3.92%
+2.66 pp
189,610
4
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.
