RAND · Rand Capital Corp · Holdings

$9.55

Market Cap

$28.37M

2.97M

Volume · Oct 21 1554 Avg daily vol (3M) 3386

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 → See every holder of RAND: 13F, 13D and 13G, insiders and funds →

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

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.

Quarter:

Holders: 8

Total Value: $483,734

Total Shares: 47,755

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 8 13F filers

Top Holder

32.2%

of institutional value

Top 5

98.7%

of institutional value

Top 10

100.0%

of institutional value

HHI

2,713

Highly concentrated

Who Holds RAND

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: 8 filers, like-for-like change +54.7%; actively managed books +54.7%; index-like books 0.0%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	90.6%	4	+44.1%	1	0
Bank	4.7%	2	+2364.8%	2	1
Holding company	4.7%	2	+199.2%	0	0
Exempt adviser	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Style	Share	Filers	Change	New	Exited
Index-like	0.0%	1	0.0%	0	0
Concentrated	89.3%	3	+45.1%	1	0
Diversified active	10.7%	4	+246.1%	2	1
Systematic-like	0.0%	0	—	0	0
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	67.6%	6	+4.5%	1	1
Medium turnover	4.7%	1	new	1	0
High turnover	0.0%	0	—	0	0
Unknown	27.7%	1	new	1	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Long horizon	100.0%	8	+54.7%	3	1
Medium horizon	0.0%	0	—	0	0
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	1.3%	1	0.0%	0	0
$1B to $10B	89.3%	3	+45.1%	1	0
$10B to $100B	4.7%	1	+199.5%	0	0
$100B or more	4.7%	3	+2339.1%	2	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	90.6%	4	+44.1%	1	0
Pooled investment vehicles	0.0%	0	—	0	0
Unknown	9.4%	4	+434.1%	2	1

Private funds	Share	Filers	Change	New	Exited
No private funds	90.6%	4	+44.1%	1	0
Private funds, type not stated	0.0%	0	—	0	0
Hedge funds	0.0%	0	—	0	0
Unknown	9.4%	4	+434.1%	2	1

Location	Share	Filers	Change	New	Exited
United States	95.3%	7	+47.5%	2	1
Outside the US	4.7%	1	new	1	0

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

8 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

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.001%

Mar 31, 2026: 0

Crowding

0.000%

of shares outstanding, not ranked: fewer than 10 13F filers, too few to rank

Mar 31, 2026: 0.000%

Private-fund advisers

0.000%

of shares outstanding

Institutional ownership

1.61%

1.63% of the estimated free float

Top 10 holders

100.0%

of 13F shares, Herfindahl 0.271

Active holders

+54.7%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 10.0 quarters

Under 1 year 37.1% 1 to 3 years 33.6% 3 years or more 29.3% 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

$16.15

estimated per share

Mar 31, 2026: $21.57

Quarter-end price

$10.20

implied by 13F values

Estimated gain or loss

-36.8%

price against the estimated cost

Estimated at a loss

100.0%

of costed 13F value

Estimated cost covers 70.7% 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.

Shareholder Targets

13F filers that own its peers but not RAND, quarter ended Jun 30, 2026

RAND has no holder-overlap peers, so these filers hold the largest Financial Services stocks: JPM, V, BRK-B, MA, BAC, MS, GS, AXP, WFC, C, SCHW, RY, CB, BLK, PGR, COF, SPGI, TD, BNY, PNC. 6,570 filers in all.

#	Filer	In peers	Of book	Largest peers
1	BlackRock, Inc. Holding company, Index-like	$420,126,205,606 20 held	6.43%	JPM, BRK-B, V
2	VANGUARD CAPITAL MANAGEMENT LLC Registered adviser, Index-like	$357,705,165,418 20 held	7.62%	BRK-B, JPM, V
3	STATE STREET CORP Bank, Index-like	$260,793,033,245 19 held	7.71%	JPM, BRK-B, V
4	GEODE CAPITAL MANAGEMENT, LLC Registered adviser, Index-like	$135,289,198,168 20 held	7.19%	BRK-B, JPM, V
5	FMR LLC Holding company, Diversified active	$118,595,204,944 20 held	5.26%	BRK-B, V, WFC
6	VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser, Diversified active	$115,648,086,418 19 held	5.20%	JPM, BRK-B, V
7	Berkshire Hathaway Inc Insurer, Concentrated	$91,098,036,862 4 held	30.4%	AXP, BAC, CB
8	JPMORGAN CHASE & CO Bank, Diversified active	$90,379,922,684 20 held	5.49%	MA, WFC, MS
9	NORGES BANK Non-US, Index-like	$78,828,529,437 20 held	7.83%	BRK-B, JPM, MA
10	MITSUBISHI UFJ FINANCIAL GROUP INC Bank, Unknown	$78,825,883,309 1 held	100.0%	MS

Holder type: Registered adviser 4 Bank 2 Holding company 2

Showing 8 of 8

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

COURIER CAPITAL LLC

$153,666

31.77%

15,382

SHUFRO ROSE & CO LLC

$142,800

29.52%

14,000

WNY Asset Management, LLC

$135,150

27.94%

13,250

UBS Group AG

$22,868

4.73%

2,242

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	2,220	$22,644	99.0%	Defined
UBS Securities LLC	22	$224	1.0%	Defined

OSAIC HOLDINGS, INC.

$22,817

4.72%

2,237

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

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	2,237	$22,817	100.0%	Defined

Bullock Wealth Management Group

$6,413

1.33%

642

WELLS FARGO & COMPANY/MN

$10

0.00%

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

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO CLEARING SERVICES, LLC	1	$10	100.0%	Defined

MORGAN STANLEY

$10

0.00%

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

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	1	$10	100.0%	Defined

Key facts CIK 81955 CUSIP 752185207 13F (30d) 3 filings 2 filers Visit website Investor relations