Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

Franklin BSP Realty Trust, Inc.

CIK 0001562528FBRTFBRT-PE· quarter ending 2026-06-30
Shares outstanding
83,045,416
Held by 13F filers
47,563,805
57.3% of shares outstanding
Holders
243
+32 vs 2026-03-31 · 62 new, 30 exited
Value
$387.9M
shares -3.7% vs prior quarter

Share classes (cover page of the 10-Q filed 2026-07-29, as of 2026-07-27)

ClassListedShares outstandingHeld by 13F filers% of classHoldersCUSIP
Common stockFBRT · NYSE83,045,41647,563,80557.3%24335243J101

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine
CountCUSIPClass (as filers write it)HoldersShares heldClass shares% of classValueOptionsMapped via
35243J101COMMON STOCK24347,563,80583,045,41657.3%$387.9M4 call / 0 put13DGholders →
35243J200PREFERRED STOCKnot common212,911——$247K—NPORTholders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings. 1 further CUSIPs map to this company (mostly bonds) but no 13F filer held them this quarter.

Top holders (243 of 243 · 35243J101)

change vs 2026-03-31
#FilerShares% of classValueChange
1BlackRock, Inc.13,002,86115.66%$105.8M-118,999 (-0.9%)
2VANGUARD CAPITAL MANAGEMENT LLC3,429,2394.13%$27.9M-131,370 (-3.7%)
3STATE STREET CORP3,241,0003.90%$27.0M+31,461 (+1.0%)
4GEODE CAPITAL MANAGEMENT, LLC2,070,3162.49%$16.9M+28,458 (+1.4%)
5Invesco Ltd.1,850,3672.23%$15.1M+110,905 (+6.4%)
6GRATIA CAPITAL, LLC1,769,3702.13%$14.4M-509,330 (-22.4%)
7FRANKLIN RESOURCES INC1,500,0961.81%$12.2M-290 (-0.0%)
8UBS Group AG1,346,8991.62%$11.0M+143,219 (+11.9%)
9VANGUARD PORTFOLIO MANAGEMENT LLC1,279,7281.54%$10.4M-1,503,122 (-54.0%)
10CHARLES SCHWAB INVESTMENT MANAGEMENT INC1,110,4671.34%$9.0M-107,273 (-8.8%)
11MORGAN STANLEY1,033,6501.24%$8.4M+171,612 (+19.9%)
12Nuveen, LLC825,8820.99%$6.7M+659,750 (+397.1%)
13NORTHERN TRUST CORP808,5210.97%$6.6M-21,824 (-2.6%)
14WATERFALL ASSET MANAGEMENT, LLC758,0000.91%$6.2MNEW
15VAN ECK ASSOCIATES CORP706,0610.85%$5.7M-116,193 (-14.1%)
16Bank of New York Mellon Corp624,9760.75%$5.1M-9,411 (-1.5%)
17GABELLI FUNDS LLC575,9190.69%$4.7M+19,667 (+3.5%)
18VANGUARD FIDUCIARY TRUST CO512,4290.62%$4.2M-20,841 (-3.9%)
19GOLDMAN SACHS GROUP INC505,6460.61%$4.1M+239,923 (+90.3%)
20Mariner, LLC466,2820.56%$3.8M-14,834 (-3.1%)
21Qube Research & Technologies Ltd444,7740.54%$3.6MNEW
22Q Global Advisors, LLC398,0780.48%$3.2M—
23PRINCIPAL FINANCIAL GROUP INC371,9760.45%$3.0M-24,428 (-6.2%)
24CITADEL ADVISORS LLC320,2880.39%$2.6M+226,727 (+242.3%)
25Almitas Capital LLC298,1900.36%$2.4M+199,136 (+201.0%)
26Orchard Capital Management, LLC267,8560.32%$2.2M+106,137 (+65.6%)
27XTX Topco Ltd264,6920.32%$2.2M+483 (+0.2%)
28Public Sector Pension Investment Board264,3850.32%$2.2M-27,373 (-9.4%)
29RAYMOND JAMES FINANCIAL INC248,9130.30%$2.0M+98,333 (+65.3%)
30Universal- Beteiligungs- und Servicegesellschaft mbH228,2310.27%$1.9M+79,465 (+53.4%)
31UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC204,2070.25%$1.7M+201,823 (+8465.7%)
32GAMCO INVESTORS, INC. ET AL192,6740.23%$1.6M+3,757 (+2.0%)
33RHUMBLINE ADVISERS190,9370.23%$1.6M-40,853 (-17.6%)
34DENALI ADVISORS LLC180,8000.22%$1.5M—
35Legal & General Group Plc180,7000.22%$1.5M-13,810 (-7.1%)
36NORGES BANK179,8000.22%$1.5MNEW
37JANE STREET GROUP, LLC164,7070.20%$1.3MNEW
38Swiss National Bank158,4330.19%$1.3M-3,900 (-2.4%)
39EXCHANGE TRADED CONCEPTS, LLC153,2240.18%$1.2M+4,836 (+3.3%)
40SUSQUEHANNA INTERNATIONAL GROUP, LLP151,6840.18%$1.2M+82,152 (+118.1%)
41Penserra Capital Management LLC145,2480.17%$1.2M+27,738 (+23.6%)
42AMERIPRISE FINANCIAL INC124,7060.15%$1.0M-16,392 (-11.6%)
43JENNISON ASSOCIATES LLC123,7230.15%$1.0M-2,470 (-2.0%)
44JPMORGAN CHASE & CO121,2720.15%$988K+87,587 (+260.0%)
45ALLIANCEBERNSTEIN L.P.111,0080.13%$942K—
46FINANCIAL MANAGEMENT NETWORK INC106,6040.13%$870K-1,880 (-1.7%)
47STATE OF WISCONSIN INVESTMENT BOARD106,0860.13%$864K+38,383 (+56.7%)
48MILLENNIUM MANAGEMENT LLC103,9890.13%$846K+62,493 (+150.6%)
49PRUDENTIAL FINANCIAL INC103,9260.13%$846K-258,090 (-71.3%)
50CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM89,6460.11%$730K+13,398 (+17.6%)
51VICTORY CAPITAL MANAGEMENT INC88,1130.11%$717K-381 (-0.4%)
52CITIGROUP INC86,9670.10%$708K+38,441 (+79.2%)
53BANK OF AMERICA CORP /DE/83,5870.10%$680K-41,440 (-33.1%)
54PRICE T ROWE ASSOCIATES INC /MD/82,7940.10%$674K+5,547 (+7.2%)
55DEUTSCHE BANK AG\81,2430.10%$661K-956 (-1.2%)
56VOYA INVESTMENT MANAGEMENT LLC78,4740.09%$639K+22,158 (+39.3%)
57Arax Advisory Partners77,5970.09%$632K+190 (+0.2%)
58KLP KAPITALFORVALTNING AS77,0420.09%$630K+59,400 (+336.7%)
59Cetera Investment Advisers76,5510.09%$623K-9,110 (-10.6%)
60Atom Investors LP75,6940.09%$616KNEW
61Jefferies Financial Group Inc.73,6380.09%$599K—
62D. E. Shaw & Co., Inc.71,6680.09%$583KNEW
63WELLS FARGO & COMPANY/MN71,5820.09%$583K+34,117 (+91.1%)
64Squarepoint Ops LLC69,2520.08%$564KNEW
65PRELUDE CAPITAL MANAGEMENT, LLC65,0000.08%$529K+24,865 (+62.0%)
66Y-Intercept (Hong Kong) Ltd64,2110.08%$523KNEW
67LPL Financial LLC61,0340.07%$497K+4,893 (+8.7%)
68Rockefeller Capital Management L.P.59,0600.07%$481K-18,994 (-24.3%)
69VANGUARD ASSET MANAGEMENT, Ltd58,5110.07%$476K—
70Cambridge Investment Research Advisors, Inc.57,7780.07%$470K+29,360 (+103.3%)
71NEW YORK STATE COMMON RETIREMENT FUND55,5650.07%$452K—
72Waverly Advisors, LLC55,5150.07%$452K+25,535 (+85.2%)
73Klingman & Associates, LLC52,0220.06%$423K+10,313 (+24.7%)
74JUPITER ASSET MANAGEMENT LTD51,8650.06%$422K+31,061 (+149.3%)
75Thrivent Financial for Lutherans50,5390.06%$411K-3,897 (-7.2%)
76Zurcher Kantonalbank (Zurich Cantonalbank)50,2460.06%$409K—
77AQR CAPITAL MANAGEMENT LLC49,9550.06%$407K+13,775 (+38.1%)
78Magnus Financial Group LLC48,4520.06%$394K+10,036 (+26.1%)
79Abel Hall, LLC48,0160.06%$391K+6,690 (+16.2%)
80Advisor OS, LLC46,1340.06%$376K-2,800 (-5.7%)
81Illinois Municipal Retirement Fund45,4420.05%$370K+3,437 (+8.2%)
82ANCHYRA PARTNERS LLC45,2040.05%$368KNEW
83Arkadios Wealth Advisors44,4910.05%$362K+20,597 (+86.2%)
84MetLife Investment Management, LLC44,3000.05%$361K-1,860 (-4.0%)
85Russell Investments Group, Ltd.43,3320.05%$353K+36,346 (+520.3%)
86Connor, Clark & Lunn Investment Management Ltd.42,3310.05%$345KNEW
87Belpointe Asset Management LLC40,3140.05%$328K+28,214 (+233.2%)
88NEW YORK STATE TEACHERS RETIREMENT SYSTEM39,8470.05%$324K+3,230 (+8.8%)
89Miller Global Investments, LLC39,4200.05%$321K—
90Fifth Third Wealth Advisors LLC37,9600.05%$309KNEW
91HUB Investment Partners, LLC37,8220.05%$308KNEW
92Jupiter Topco LLC36,1160.04%$294KNEW
93MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.35,7790.04%$291K-3,055,969 (-98.8%)
94Louisiana State Employees Retirement System33,7000.04%$274K-2,500 (-6.9%)
95OSAIC HOLDINGS, INC.33,1800.04%$270K-4,503 (-11.9%)
96INDEPENDENT FINANCIAL GROUP, LLC32,3410.04%$263K-100,635 (-75.7%)
97State of Tennessee, Department of Treasury31,9880.04%$260K-1,158 (-3.5%)
98Vanguard Global Advisers, LLC31,3030.04%$255K—
99Cresset Asset Management, LLC29,9740.04%$250K-71 (-0.2%)
100ROYAL BANK OF CANADA28,2570.03%$230K+1,276 (+4.7%)
101EntryPoint Capital, LLC27,5430.03%$224K-7,607 (-21.6%)
102Quantinno Capital Management LP27,2210.03%$222K-15,808 (-36.7%)
103Creative Planning26,8590.03%$219K-6,544 (-19.6%)
104FOX RUN MANAGEMENT, L.L.C.26,8160.03%$218KNEW
105Orion Porfolio Solutions, LLC26,2330.03%$214K+1,072 (+4.3%)
106State of Alaska, Department of Revenue25,3460.03%$206K-14,912 (-37.0%)
107Allworth Financial LP25,3240.03%$206K-5,288 (-17.3%)
108Grey Fox Wealth Advisors, LLC25,0850.03%$209KNEW
109BARCLAYS PLC24,9580.03%$203K+9,018 (+56.6%)
110Brookwood Investment Group LLC24,2930.03%$198K-2,454 (-9.2%)
111STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM23,7430.03%$193K—
112Entropy Technologies, LP23,3180.03%$190KNEW
113Sanctuary Advisors, LLC23,2960.03%$190KNEW
114TWO SIGMA SECURITIES, LLC22,8440.03%$186KNEW
115Police & Firemen's Retirement System of New Jersey22,6160.03%$184K—
116DIVERSIFY WEALTH MANAGEMENT, LLC22,0110.03%$177K—
117Diversify Advisory Services, LLC22,0110.03%$177K+976 (+4.6%)
118ARIZONA STATE RETIREMENT SYSTEM21,7820.03%$177K-610 (-2.7%)
119Vanguard Investments Australia, Ltd.21,2380.03%$173K—
120HighTower Advisors, LLC20,9020.03%$170K-2,337 (-10.1%)
121Modern Wealth Management, LLC20,7880.03%$169KNEW
122MANUFACTURERS LIFE INSURANCE COMPANY, THE20,7730.03%$169K-1,478 (-6.6%)
123NFSG Corp20,7570.02%$169K-2,680 (-11.4%)
124YOUSIF CAPITAL MANAGEMENT, LLC20,7170.02%$169K-826 (-3.8%)
125Cyndeo Wealth Partners, LLC20,6990.02%$168KNEW
126AMALGAMATED BANK20,6940.02%$168K-2,797 (-11.9%)
127TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY20,6700.02%$168K—
128TWO SIGMA INVESTMENTS, LP19,5340.02%$159K-74,350 (-79.2%)
129Catalyst Funds Management Pty Ltd18,3690.02%$150KNEW
130COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS18,2510.02%$149K-1,917 (-9.5%)
131Kestra Advisory Services, LLC17,9260.02%$146K-2,916 (-14.0%)
132OREGON PUBLIC EMPLOYEES RETIREMENT FUND17,4460.02%$142K-1,200 (-6.4%)
133AlphaCore Capital LLC17,2210.02%$140K-1,796 (-9.4%)
134Symmetry Partners, LLC16,9140.02%$138KNEW
135Concorde Asset Management, LLC16,9000.02%$141K+1,600 (+10.5%)
136HSBC HOLDINGS PLC16,6940.02%$137KNEW
137INTECH INVESTMENT MANAGEMENT LLC16,3560.02%$133K-9,264 (-36.2%)
138UNITED CAPITAL FINANCIAL ADVISORS, LLC16,1560.02%$132KNEW
139FIFTH THIRD BANCORP16,1030.02%$131K-1,165 (-6.7%)
140Park Capital Management, LLC / WI16,0130.02%$130KNEW
141Pictet Asset Management Holding SA15,9160.02%$130K-637 (-3.8%)
142Geneos Wealth Management Inc.15,4510.02%$126K—
143CENTAURUS FINANCIAL, INC.15,3700.02%$125K-1,459 (-8.7%)
144STRS OHIO14,9000.02%$121K—
145Mutual Advisors, LLC14,8940.02%$121K-2,000 (-11.8%)
146Graham Capital Management, L.P.14,4760.02%$118KNEW
147Triumph Capital Management14,1000.02%$115K—
148FourThought Financial Partners, LLC14,0530.02%$114KNEW
149ExodusPoint Capital Management, LP13,9570.02%$114KNEW
150Brevan Howard Capital Management LP13,6680.02%$111KNEW
151WEALTH ENHANCEMENT ADVISORY SERVICES, LLC13,4920.02%$109K+2,209 (+19.6%)
152RPS ADVISORY SOLUTIONS LLC13,3200.02%$108K-8,286 (-38.4%)
153PNC Financial Services Group, Inc.12,9660.02%$106K+1,912 (+17.3%)
154Safeguard Investment Advisory Group, LLC12,6650.02%$103K—
155Engineers Gate Manager LP12,6060.02%$103KNEW
156Central Pacific Bank - Trust Division12,5000.02%$102K—
157Sollinda Capital Management LLC12,4870.02%$102K—
158MERCER GLOBAL ADVISORS INC /ADV12,2590.01%$100K-24,747 (-66.9%)
159Disciplined Investments, LLC12,0000.01%$98K—
160PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO11,8110.01%$96K—
161Ignite Planners, LLC11,7350.01%$96K-1,200 (-9.3%)
162VestGen Advisors, LLC11,6040.01%$94KNEW
163Occidental Asset Management, LLC11,6040.01%$94KNEW
164BNP PARIBAS FINANCIAL MARKETS11,3530.01%$92K-6,850 (-37.6%)
165Raleigh Capital Management Inc.11,3450.01%$92K—
166PFG Investments, LLC11,1770.01%$91K+15 (+0.1%)
167ProShare Advisors LLC11,0720.01%$90K-1,669 (-13.1%)
168Able Wealth Management LLC11,0320.01%$90KNEW
169NEUBERGER BERMAN GROUP LLC10,9470.01%$89KNEW
170Maryland State Retirement & Pension System10,8090.01%$88K-1,170 (-9.8%)
171Quotient Wealth Partners, LLC10,8010.01%$88KNEW
172AE Wealth Management LLC10,7960.01%$88K+493 (+4.8%)
173DAYMARK WEALTH PARTNERS, LLC10,6760.01%$87KNEW
174Ipsen Advisor Group LLC10,5780.01%$86K+238 (+2.3%)
175Schonfeld Strategic Advisors LLC10,3900.01%$85KNEW
176Bison Wealth, LLC10,3790.01%$81KNEW
177SteelPeak Wealth, LLC10,2370.01%$85KNEW
178Farther Finance Advisors, LLC9,9300.01%$81K-62,151 (-86.2%)
179FMR LLC9,5390.01%$78K+4,885 (+105.0%)
180GAMMA Investing LLC8,4740.01%$69K-1,818 (-17.7%)
181Financial Gravity Companies, Inc.7,6040.01%$62KNEW
182Parallel Advisors, LLC6,9650.01%$57KNEW
183Ameritas Investment Partners, Inc.6,8410.01%$56K—
184KBC Group NV5,5740.01%$45K—
185Steward Partners Investment Advisory, LLC5,0000.01%$41K-800 (-13.8%)
186BNP PARIBAS ASSET MANAGEMENT Holding S.A.4,0810.00%$33KNEW
187Tower Research Capital LLC (TRC)3,8610.00%$31K-2,790 (-41.9%)
188TOUNJIAN ADVISORY PARTNERS, LLC2,8090.00%$23KNEW
189PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO2,7830.00%$23K+456 (+19.6%)
190Gen-Wealth Partners Inc2,5920.00%$21K-360 (-12.2%)
191NISA INVESTMENT ADVISORS, LLC2,3910.00%$20K-2,806 (-54.0%)
192Spire Wealth Management2,2400.00%$18K—
193HUNTINGTON NATIONAL BANK2,1640.00%$18K—
194Cape Investment Advisory, Inc.1,9340.00%$16KNEW
195HARBOUR INVESTMENTS, INC.1,8860.00%$15K+23 (+1.2%)
196FIDUCIARY FINANCIAL ADVISORS1,8800.00%$15KNEW
197Sterling Capital Management LLC1,5320.00%$12K-1,181 (-43.5%)
198TD Waterhouse Canada Inc.1,5260.00%$12K—
199Global Retirement Partners, LLC1,5020.00%$12KNEW
200Versant Capital Management, Inc1,4610.00%$12K-1,226 (-45.6%)
201SJS Investment Consulting Inc.1,4050.00%$11KNEW
202BESSEMER GROUP INC1,3200.00%$11K-4,151 (-75.9%)
203Covestor Ltd1,2590.00%$10K+1,171 (+1330.7%)
204SIGNATUREFD, LLC1,2500.00%$10K+1,174 (+1544.7%)
205BELLEVUE ASSET MANAGEMENT, LLC1,2220.00%$10KNEW
206HARBOR CAPITAL ADVISORS, INC.1,1850.00%$10K-364 (-23.5%)
207NewEdge Advisors, LLC1,0640.00%$9K—
208MATHER GROUP, LLC.9670.00%$8K—
209HANTZ FINANCIAL SERVICES, INC.6800.00%$6K-1,364 (-66.7%)
210Optiver Holding B.V.5420.00%$4K+328 (+153.3%)
211High Note Wealth, LLC5370.00%$4KNEW
212ROTHSCHILD INVESTMENT LLC5100.00%$4K+29 (+6.0%)
213MassMutual Private Wealth & Trust, FSB4780.00%$4K+111 (+30.2%)
214Vestcor Inc4730.00%$4K—
215JONES FINANCIAL COMPANIES LLLP4700.00%$4K+435 (+1242.9%)
216WEST PACES ADVISORS INC.4350.00%$4KNEW
217LOS ANGELES CAPITAL MANAGEMENT LLC4220.00%$3K—
218Cedar Mountain Advisors, LLC4090.00%$3K—
219IFP Advisors, Inc3960.00%$3K+391 (+7820.0%)
220Investors Portfolio Services LLC3340.00%$3KNEW
221UMB Bank, n.a.3140.00%$3K+221 (+237.6%)
222DANSKE BANK A/S3000.00%$2K—
223CoreCap Advisors, LLC2790.00%$2K—
224PICTON MAHONEY ASSET MANAGEMENT2500.00%$2KNEW
225Pinnacle Wealth Planning Services, Inc.2400.00%$2K-3,172 (-93.0%)
226Luminist Capital LLC2340.00%$2KNEW
227Quarry LP1090.00%$887-2 (-1.8%)
228US BANCORP \DE\1070.00%$871-12 (-10.1%)
229Salomon & Ludwin, LLC1000.00%$803-152 (-60.3%)
230Financial Network Wealth Advisors LLC700.00%$570—
231Spectrum Wealth Advisory Group, LLC570.00%$464NEW
232FARMERS & MERCHANTS INVESTMENTS INC550.00%$448—
233Silver Grove Financial Group, Inc.470.00%$383NEW
234Larson Financial Group LLC390.00%$320-110 (-73.8%)
235Graney & King, LLC330.00%$269NEW
236Plante Moran Financial Advisors, LLC250.00%$204NEW
237Smartleaf Asset Management LLC220.00%$179—
238Clearstead Advisors, LLC220.00%$180NEW
239Parkside Financial Bank & Trust200.00%$163NEW
240Evolution Advisers, Inc.140.00%$0NEW
241GILPIN WEALTH MANAGEMENT, LLC120.00%$98NEW
242Davis Capital Management60.00%$49NEW
243EverSource Wealth Advisors, LLC50.00%$41-19 (-79.2%)
Exited since 2026-03-31 (30 filers; largest 25 shown)
CONDOR CAPITAL MANAGEMENT−338,294
VARCOV Co.−136,861
Strong Tower Advisory Services−86,749
GREAT LAKES ADVISORS, LLC−85,293
Freestone Grove Partners LP−62,524
JANUS HENDERSON GROUP PLC−36,116
SEI INVESTMENTS CO−20,843
CWM, LLC−19,611
Brooklyn Investment Group−18,530
Clear Point Advisors Inc.−17,068
Jain Global LLC−14,974
SG Americas Securities, LLC−14,654
Brookstone Capital Management−12,482
COLDSTREAM CAPITAL MANAGEMENT INC−10,544
Amundi−10,083
Financial Gravity Asset Management, Inc.−7,604
Fairscale Capital, LLC−3,111
Advisory Services Network, LLC−1,224
Front Row Advisors LLC−657
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO−422
TWIN PEAKS WEALTH ADVISORS, LLC−290
Root Financial Partners, LLC−265
NATIONAL BANK OF CANADA /FI/−258
SIMPLEX TRADING, LLC−180
WPG Advisers, LLC−171

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting personFormFiledEventShares% of class
BlackRock, Inc.SCHEDULE 13G/A2026-10-052026-09-308,164,7779.8%
Vanguard Capital ManagementSCHEDULE 13G2026-04-292026-03-314,173,4885.15%
The Vanguard GroupSCHEDULE 13G/A2026-03-262026-03-1300%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.