Substantial doubt about the company's ability to continue as a going concern.
“As shown in the consolidated financial statements, the Company has suffered loss for period of $6,574,023, working capital surplus of $7,675,620 and accumulated deficit of $116,607,896 as of September 30, 2025 that raise substantial doubt about its ability to continue as a going concern.”
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.
Recent SEC filings are still being reconciled. Holder totals and changes may be incomplete until processing catches up.
Holders:19
Total Value:$271,035
Total Shares:627,130
Institutional Ownership Trend
8 quarters
Holder Concentration
Across 19 13F filers
· Δ vs Dec 31, 2025
Top Holder
24.9%
+0.4 pts
Top 5
68.0%
−13.4 pts
Top 10
93.3%
−5.6 pts
HHI
1,260
Broadly held−277
Who Holds SOPAQ
Last 8 quarters through Mar 31, 2026
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.
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.
Compared across CIK changes: VANGUARD GROUP INC continues as 9 filers, not ranked one by one.
Fund Ownership of SOPAQ by Fund Type
Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026
Index funds and index ETFs hold 0.00% of shares outstanding.
Fund type
Of shares outstanding
Change
Shares
Funds
Index funds
0.00%
-0.92 pp
0
0
Index ETFs
0.00%
-1.16 pp
0
0
Active ETFs
0.00%
0.00 pp
0
0
Active funds
0.00%
0.00 pp
2
1
Unclassified
0.00%
0.00 pp
0
0
All registered funds
0.00%
-2.08 pp
2
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 Dec 31, 2025
New
5
Increased
3
Decreased
3
Sold Out
3
Unchanged
6
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:+3
Institutional value:-81.1%
Shares held:+66.5%
Compared across CIK changes: VANGUARD GROUP INC continues as 9 filers, not ranked one by one.
