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.
Share classes (cover page of the 20-F filed 2026-03-10, as of 2025-12-31)
| Class | Listed | Shares outstanding | Held by 13F filers | % of class | Holders | CUSIP |
|---|---|---|---|---|---|---|
| Common stock | BLSH · NYSE | 150,833,916 | 41,863,011 | 27.8% | 173 | G16910120 |
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.
Top holders (173 of 173 · G16910120)
change vs 2026-03-31| # | Filer | Shares | % of class | Value | Change |
|---|---|---|---|---|---|
| 1 | FMR LLC | 10,456,240 | 6.93% | $245.0M | +3,659,864 (+53.9%) |
| 2 | ARK Investment Management LLC | 6,746,186 | 4.47% | $158.1M | +184,147 (+2.8%) |
| 3 | Sumitomo Mitsui Trust Group, Inc. | 4,053,013 | 2.69% | $95.0M | +219,127 (+5.7%) |
| 4 | Amova Asset Management Americas, Inc. | 4,040,921 | 2.68% | $94.7M | +204,858 (+5.3%) |
| 5 | Stephens Investment Management Group LLC | 1,355,974 | 0.90% | $31.8M | +177,375 (+15.0%) |
| 6 | VAN ECK ASSOCIATES CORP | 1,249,058 | 0.83% | $29.3M | +447,191 (+55.8%) |
| 7 | BlackRock, Inc. | 1,200,149 | 0.80% | $28.1M | -780,504 (-39.4%) |
| 8 | T. Rowe Price Investment Management, Inc. | 1,164,497 | 0.77% | $27.3M | -151,122 (-11.5%) |
| 9 | Jupiter Topco LLC | 1,041,350 | 0.69% | $24.4M | NEW |
| 10 | MORGAN STANLEY | 664,211 | 0.44% | $15.6M | +454,254 (+216.4%) |
| 11 | UBS Group AG | 659,576 | 0.44% | $15.5M | +59,943 (+10.0%) |
| 12 | Invesco Ltd. | 626,128 | 0.42% | $14.7M | -1,067,443 (-63.0%) |
| 13 | Galaxy Digital Inc. | 625,000 | 0.41% | $14.6M | — |
| 14 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 408,869 | 0.27% | $9.6M | -21,171 (-4.9%) |
| 15 | Southpoint Capital Advisors LP | 400,000 | 0.27% | $9.4M | NEW |
| 16 | Gotham Asset Management, LLC | 347,412 | 0.23% | $8.1M | +196,867 (+130.8%) |
| 17 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 307,500 | 0.20% | $7.2M | +239,377 (+351.4%) |
| 18 | RENAISSANCE TECHNOLOGIES LLC | 264,833 | 0.18% | $6.2M | +108,000 (+68.9%) |
| 19 | Rathbones Group PLC | 251,019 | 0.17% | $5.9M | +4,513 (+1.8%) |
| 20 | FEDERATED HERMES, INC. | 250,000 | 0.17% | $5.9M | — |
| 21 | STATE STREET CORP | 242,389 | 0.16% | $5.7M | -103,550 (-29.9%) |
| 22 | GEODE CAPITAL MANAGEMENT, LLC | 230,049 | 0.15% | $16.6M | -65,524 (-22.2%) |
| 23 | Tidal Investments LLC | 229,968 | 0.15% | $5.4M | +4,292 (+1.9%) |
| 24 | Blackstone Inc. | 214,139 | 0.14% | $5.0M | +14,139 (+7.1%) |
| 25 | GOLDMAN SACHS GROUP INC | 207,806 | 0.14% | $4.9M | -10,698 (-4.9%) |
| 26 | Rovida Investment Management Ltd | 200,000 | 0.13% | $4.7M | — |
| 27 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 197,443 | 0.13% | $4.6M | -72,674 (-26.9%) |
| 28 | IQ EQ FUND MANAGEMENT (IRELAND) Ltd | 196,797 | 0.13% | $4.6M | +5,369 (+2.8%) |
| 29 | Bitwise Funds Trust | 185,971 | 0.12% | $4.4M | NEW |
| 30 | Quantinno Capital Management LP | 174,899 | 0.12% | $4.1M | +106,121 (+154.3%) |
| 31 | EXCHANGE TRADED CONCEPTS, LLC | 158,181 | 0.10% | $3.7M | -149,596 (-48.6%) |
| 32 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 153,931 | 0.10% | $3.6M | -125,127 (-44.8%) |
| 33 | NORGES BANK | 150,000 | 0.10% | $3.5M | NEW |
| 34 | LAZARD ASSET MANAGEMENT LLC | 147,448 | 0.10% | $3.5M | +10,995 (+8.1%) |
| 35 | Vestmark Advisory Solutions, Inc. | 141,204 | 0.09% | $3.3M | +11,386 (+8.8%) |
| 36 | VANGUARD PORTFOLIO MANAGEMENT LLC | 130,368 | 0.09% | $3.1M | +98,014 (+302.9%) |
| 37 | BANK OF AMERICA CORP /DE/ | 126,797 | 0.08% | $3.0M | +13,289 (+11.7%) |
| 38 | Robeco Institutional Asset Management B.V. | 120,000 | 0.08% | $2.8M | -60,000 (-33.3%) |
| 39 | NORTHERN TRUST CORP | 118,968 | 0.08% | $2.8M | +43,564 (+57.8%) |
| 40 | HRT FINANCIAL LP | 116,193 | 0.08% | $2.7M | NEW |
| 41 | Marex Group Ltd | 110,860 | 0.07% | $2.6M | +14,208 (+14.7%) |
| 42 | Walleye Capital LLC | 102,488 | 0.07% | $2.4M | +65,451 (+176.7%) |
| 43 | Vennlight Capital Management, LP | 100,029 | 0.07% | $2.3M | NEW |
| 44 | Point72 Asset Management, L.P. | 86,312 | 0.06% | $2.0M | NEW |
| 45 | Bank of New York Mellon Corp | 83,409 | 0.06% | $2.0M | -23,363 (-21.9%) |
| 46 | WELLINGTON MANAGEMENT GROUP LLP | 77,829 | 0.05% | $1.8M | +69,055 (+787.0%) |
| 47 | XTX Topco Ltd | 77,607 | 0.05% | $1.8M | +63,936 (+467.7%) |
| 48 | VOYA INVESTMENT MANAGEMENT LLC | 72,789 | 0.05% | $1.7M | -8,560 (-10.5%) |
| 49 | TD Asset Management Inc | 63,678 | 0.04% | $1.5M | — |
| 50 | Harvest Portfolios Group Inc. | 59,212 | 0.04% | $1.4M | +413 (+0.7%) |
| 51 | Nuveen, LLC | 56,929 | 0.04% | $1.3M | +307 (+0.5%) |
| 52 | Mitsubishi UFJ Asset Management Co., Ltd. | 53,900 | 0.04% | $1.3M | +11,100 (+25.9%) |
| 53 | Ghisallo Capital Management LLC | 50,000 | 0.03% | $1.2M | -60,000 (-54.5%) |
| 54 | LPL Financial LLC | 49,863 | 0.03% | $1.2M | -1,549 (-3.0%) |
| 55 | Holocene Advisors, LP | 49,440 | 0.03% | $1.2M | NEW |
| 56 | Quantbot Technologies LP | 43,390 | 0.03% | $1.0M | NEW |
| 57 | WELLS FARGO & COMPANY/MN | 42,551 | 0.03% | $997K | +15,952 (+60.0%) |
| 58 | ENVESTNET ASSET MANAGEMENT INC | 41,900 | 0.03% | $982K | -4,927 (-10.5%) |
| 59 | Walleye Trading LLC | 41,009 | 0.03% | $961K | -714 (-1.7%) |
| 60 | SEI INVESTMENTS CO | 40,764 | 0.03% | $955K | +3,940 (+10.7%) |
| 61 | IMC-Chicago, LLC | 39,738 | 0.03% | $931K | -25,295 (-38.9%) |
| 62 | VOLORIDGE INVESTMENT MANAGEMENT, LLC | 38,915 | 0.03% | $912K | -71,417 (-64.7%) |
| 63 | DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 38,151 | 0.03% | $894K | NEW |
| 64 | Sigma Planning Corp | 36,483 | 0.02% | $855K | NEW |
| 65 | BENJAMIN EDWARDS INC | 36,437 | 0.02% | $854K | +10,368 (+39.8%) |
| 66 | Guild Investment Management, Inc. | 35,020 | 0.02% | $821K | NEW |
| 67 | Farther Finance Advisors, LLC | 32,584 | 0.02% | $763K | +31,168 (+2201.1%) |
| 68 | Summit Trail Advisors, LLC | 32,159 | 0.02% | $753K | +23,012 (+251.6%) |
| 69 | AXQ CAPITAL, LP | 31,550 | 0.02% | $739K | NEW |
| 70 | CANTOR FITZGERALD, L. P. | 30,500 | 0.02% | $715K | NEW |
| 71 | AQR CAPITAL MANAGEMENT LLC | 28,621 | 0.02% | $671K | -220,701 (-88.5%) |
| 72 | Rockefeller Capital Management L.P. | 28,268 | 0.02% | $662K | -5,700 (-16.8%) |
| 73 | VANGUARD CAPITAL MANAGEMENT LLC | 27,748 | 0.02% | $650K | +64 (+0.2%) |
| 74 | Vident Advisory, LLC | 27,512 | 0.02% | $645K | -510 (-1.8%) |
| 75 | CITADEL ADVISORS LLC | 26,949 | 0.02% | $631K | NEW |
| 76 | Cetera Investment Advisers | 26,009 | 0.02% | $609K | +3,184 (+13.9%) |
| 77 | ROYAL BANK OF CANADA | 25,453 | 0.02% | $596K | +123 (+0.5%) |
| 78 | CAPTRUST FINANCIAL ADVISORS | 25,341 | 0.02% | $594K | -1,059 (-4.0%) |
| 79 | BNP PARIBAS FINANCIAL MARKETS | 24,064 | 0.02% | $564K | +9,364 (+63.7%) |
| 80 | Oak Thistle LLC | 22,064 | 0.01% | $517K | -13,229 (-37.5%) |
| 81 | RHUMBLINE ADVISERS | 20,115 | 0.01% | $471K | -6,589 (-24.7%) |
| 82 | ExodusPoint Capital Management, LP | 19,101 | 0.01% | $448K | NEW |
| 83 | Amundi | 18,136 | 0.01% | $425K | NEW |
| 84 | Tower Research Capital LLC (TRC) | 18,009 | 0.01% | $422K | +16,594 (+1172.7%) |
| 85 | LECAP ASSET MANAGEMENT LTD | 17,802 | 0.01% | $417K | NEW |
| 86 | SG Americas Securities, LLC | 17,113 | 0.01% | $401K | +13,117 (+328.3%) |
| 87 | ALLIANCEBERNSTEIN L.P. | 15,298 | 0.01% | $547K | +9,284 (+154.4%) |
| 88 | GARDNER LEWIS ASSET MANAGEMENT L P | 14,295 | 0.01% | $335K | — |
| 89 | SteelPeak Wealth, LLC | 14,137 | 0.01% | $331K | +5,560 (+64.8%) |
| 90 | Handelsbanken Fonder AB | 14,100 | 0.01% | $330K | NEW |
| 91 | INDEPENDENT FINANCIAL GROUP, LLC | 13,058 | 0.01% | $306K | +2,028 (+18.4%) |
| 92 | NOMURA HOLDINGS INC | 12,875 | 0.01% | $302K | -2,314 (-15.2%) |
| 93 | MILLENNIUM MANAGEMENT LLC | 12,840 | 0.01% | $301K | -105,743 (-89.2%) |
| 94 | Police & Firemen's Retirement System of New Jersey | 12,802 | 0.01% | $300K | -847 (-6.2%) |
| 95 | AMERICAN CENTURY COMPANIES INC | 12,770 | 0.01% | $299K | NEW |
| 96 | TWO SIGMA INVESTMENTS, LP | 12,000 | 0.01% | $281K | +4,900 (+69.0%) |
| 97 | BARCLAYS PLC | 11,736 | 0.01% | $275K | +9,558 (+438.8%) |
| 98 | GROUP ONE TRADING LLC | 11,049 | 0.01% | $259K | -6,259 (-36.2%) |
| 99 | Corient Private Wealth LP | 10,846 | 0.01% | $254K | -11,886 (-52.3%) |
| 100 | STIFEL FINANCIAL CORP | 10,594 | 0.01% | $248K | -1,785 (-14.4%) |
| 101 | Renaissance Capital LLC | 10,593 | 0.01% | $248K | -4,718 (-30.8%) |
| 102 | PRICE T ROWE ASSOCIATES INC /MD/ | 10,228 | 0.01% | $240K | -6,231 (-37.9%) |
| 103 | NEW YORK STATE COMMON RETIREMENT FUND | 9,000 | 0.01% | $211K | — |
| 104 | Treasurer of the State of North Carolina | 8,824 | 0.01% | $207K | -4,910 (-35.8%) |
| 105 | Clear Street Group Inc. | 8,768 | 0.01% | $205K | +6,265 (+250.3%) |
| 106 | SBI Securities Co., Ltd. | 8,154 | 0.01% | $191K | +784 (+10.6%) |
| 107 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 5,909 | 0.00% | $138K | -3,428 (-36.7%) |
| 108 | Russell Investments Group, Ltd. | 4,382 | 0.00% | $103K | +1,402 (+47.0%) |
| 109 | CITIGROUP INC | 3,835 | 0.00% | $90K | -6,121 (-61.5%) |
| 110 | VANGUARD ASSET MANAGEMENT, Ltd | 3,364 | 0.00% | $79K | — |
| 111 | SIMPLEX TRADING, LLC | 2,632 | 0.00% | $62K | -19,485 (-88.1%) |
| 112 | VANGUARD FIDUCIARY TRUST CO | 2,591 | 0.00% | $61K | -1,993 (-43.5%) |
| 113 | Legal & General Group Plc | 2,205 | 0.00% | $52K | -798 (-26.6%) |
| 114 | Caitong International Asset Management Co., Ltd | 2,022 | 0.00% | $47K | -703 (-25.8%) |
| 115 | TSFG, LLC | 1,700 | 0.00% | $40K | — |
| 116 | NFSG Corp | 1,640 | 0.00% | $38K | -2,035 (-55.4%) |
| 117 | JONES FINANCIAL COMPANIES LLLP | 1,308 | 0.00% | $30K | +410 (+45.7%) |
| 118 | IFP Advisors, Inc | 1,031 | 0.00% | $24K | -260 (-20.1%) |
| 119 | Quarry LP | 935 | 0.00% | $22K | -320 (-25.5%) |
| 120 | NBH Bank | 900 | 0.00% | $21K | NEW |
| 121 | Arax Advisory Partners | 882 | 0.00% | $21K | +691 (+361.8%) |
| 122 | OSAIC HOLDINGS, INC. | 799 | 0.00% | $19K | -584 (-42.2%) |
| 123 | Pinpoint Asset Management (Singapore) Pte. Ltd. | 693 | 0.00% | $16K | NEW |
| 124 | GAMMA Investing LLC | 686 | 0.00% | $16K | -53 (-7.2%) |
| 125 | JPMORGAN CHASE & CO | 609 | 0.00% | $14K | -46,276 (-98.7%) |
| 126 | Global X Japan Co., Ltd. | 597 | 0.00% | $14K | -255 (-29.9%) |
| 127 | Sterling Capital Management LLC | 594 | 0.00% | $14K | -352 (-37.2%) |
| 128 | Essential Partners LLC | 533 | 0.00% | $12K | -230 (-30.1%) |
| 129 | Steward Partners Investment Advisory, LLC | 516 | 0.00% | $12K | -125 (-19.5%) |
| 130 | 10Elms LLP | 500 | 0.00% | $12K | — |
| 131 | Penserra Capital Management LLC | 480 | 0.00% | $11K | +213 (+79.8%) |
| 132 | STRS OHIO | 437 | 0.00% | $10K | -330 (-43.0%) |
| 133 | Mirae Asset Global Investments Co., Ltd. | 393 | 0.00% | $9K | +4 (+1.0%) |
| 134 | MetLife Investment Management, LLC | 388 | 0.00% | $9K | -362 (-48.3%) |
| 135 | GILL CAPITAL PARTNERS, LLC | 375 | 0.00% | $9K | — |
| 136 | Versant Capital Management, Inc | 364 | 0.00% | $9K | +343 (+1633.3%) |
| 137 | Larson Financial Group LLC | 319 | 0.00% | $7K | -960 (-75.1%) |
| 138 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 293 | 0.00% | $7K | -1,463 (-83.3%) |
| 139 | City State Bank | 250 | 0.00% | $6K | — |
| 140 | Rakuten Securities, Inc. | 220 | 0.00% | $5K | -51 (-18.8%) |
| 141 | E Fund Management (Hong Kong) Co., Ltd. | 215 | 0.00% | $5K | -170 (-44.2%) |
| 142 | Quent Capital, LLC | 187 | 0.00% | $4K | -124 (-39.9%) |
| 143 | Covestor Ltd | 182 | 0.00% | $4K | — |
| 144 | Federation des caisses Desjardins du Quebec | 175 | 0.00% | $4K | -3,260 (-94.9%) |
| 145 | Global Retirement Partners, LLC | 166 | 0.00% | $4K | NEW |
| 146 | PNC Financial Services Group, Inc. | 162 | 0.00% | $4K | -211 (-56.6%) |
| 147 | ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ | 126 | 0.00% | $3K | +28 (+28.6%) |
| 148 | HUNTINGTON NATIONAL BANK | 119 | 0.00% | $3K | NEW |
| 149 | Clearstead Trust, LLC | 112 | 0.00% | $3K | — |
| 150 | ROTHSCHILD INVESTMENT LLC | 100 | 0.00% | $2K | -1,003 (-90.9%) |
| 151 | Ameritas Advisory Services, LLC | 98 | 0.00% | $2K | NEW |
| 152 | UMB Bank, n.a. | 88 | 0.00% | $2K | +6 (+7.3%) |
| 153 | Leonteq Securities AG | 81 | 0.00% | $2K | -1,800 (-95.7%) |
| 154 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 77 | 0.00% | $2K | — |
| 155 | EverSource Wealth Advisors, LLC | 59 | 0.00% | $1K | -439 (-88.2%) |
| 156 | Parallel Advisors, LLC | 53 | 0.00% | $1K | +42 (+381.8%) |
| 157 | Clearstead Advisors, LLC | 51 | 0.00% | $1K | NEW |
| 158 | Ankerstar Wealth, LLC | 50 | 0.00% | $1K | -1 (-2.0%) |
| 159 | FIDUCIARY FINANCIAL ADVISORS | 47 | 0.00% | $1K | NEW |
| 160 | Allworth Financial LP | 38 | 0.00% | $891 | -1,167 (-96.8%) |
| 161 | VALLEY NATIONAL ADVISERS INC | 37 | 0.00% | $867 | — |
| 162 | MassMutual Private Wealth & Trust, FSB | 36 | 0.00% | $843 | +22 (+157.1%) |
| 163 | Parkside Financial Bank & Trust | 32 | 0.00% | $750 | -64 (-66.7%) |
| 164 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 16 | 0.00% | $375 | -50 (-75.8%) |
| 165 | NISA INVESTMENT ADVISORS, LLC | 13 | 0.00% | $305 | -400 (-96.9%) |
| 166 | Transamerica Financial Advisors, LLC | 13 | 0.00% | $304 | -11 (-45.8%) |
| 167 | Silver Grove Financial Group, Inc. | 11 | 0.00% | $258 | NEW |
| 168 | NewEdge Advisors, LLC | 10 | 0.00% | $234 | -35 (-77.8%) |
| 169 | Bruce G. Allen Investments, LLC | 8 | 0.00% | $187 | NEW |
| 170 | CBIZ Investment Advisory Services, LLC | 5 | 0.00% | $179 | — |
| 171 | Burk Holdings LLC | 3 | 0.00% | $70 | — |
| 172 | MV CAPITAL MANAGEMENT, INC. | 3 | 0.00% | $71 | — |
| 173 | Activest Wealth Management | 1 | 0.00% | $23 | -62 (-98.4%) |
Exited since 2026-03-31 (58 filers; largest 25 shown)
| JANUS HENDERSON GROUP PLC | −1,041,216 |
| Alyeska Investment Group, L.P. | −623,559 |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | −219,154 |
| Freestone Grove Partners LP | −204,868 |
| LMR Partners LLP | −153,204 |
| SEVEN GRAND MANAGERS, LLC | −150,000 |
| SOROS FUND MANAGEMENT LLC | −108,200 |
| TIGER GLOBAL MANAGEMENT LLC | −100,000 |
| IEQ CAPITAL, LLC | −41,140 |
| Mariner, LLC | −26,060 |
| Boundless Plain Holdings Ltd | −21,978 |
| B & T Capital Management DBA Alpha Capital Management | −21,907 |
| Cerity Partners LLC | −17,410 |
| READYSTATE ASSET MANAGEMENT LP | −15,000 |
| J. Derek Lewis & Associates Inc. | −14,000 |
| CWM, LLC | −13,738 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | −11,704 |
| MERCER GLOBAL ADVISORS INC /ADV | −9,483 |
| Cambridge Investment Research Advisors, Inc. | −9,226 |
| RAYMOND JAMES FINANCIAL INC | −8,601 |
| Janney Montgomery Scott LLC | −8,185 |
| AXXCESS WEALTH MANAGEMENT, LLC | −7,297 |
| MARSHALL WACE, LLP | −7,199 |
| DIMENSIONAL FUND ADVISORS LP | −7,077 |
| Keebeck Wealth Management | −7,000 |
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 person | Form | Filed | Event | Shares | % of class |
|---|---|---|---|---|---|
| Abigail P. Johnson | SCHEDULE 13G | 2026-08-06 | 2026-06-30 | 10,456,240 | 7% |
| FMR LLC | SCHEDULE 13G | 2026-08-06 | 2026-06-30 | 10,456,240 | 7% |
| 916.INVESTMENTS PTE. LTD. | SCHEDULE 13G/A | 2026-05-20 | 2026-05-08 | 9,864,857 | 6.5% |
| Nine One Six Limited | SCHEDULE 13G/A | 2026-05-20 | 2026-05-08 | 9,864,857 | 6.5% |
| See Alexander | SCHEDULE 13G/A | 2026-05-20 | 2026-05-08 | 9,864,857 | 6.5% |
| Brendan F. Blumer | SCHEDULE 13D/A | 2026-02-09 | 2026-01-16 | 39,166,869 | 26.8% |
| EFM Asset Management | SCHEDULE 13G | 2025-11-14 | 2025-08-13 | 17,375,638 | 11.89% |
| EFM Group Limited | SCHEDULE 13G | 2025-11-14 | 2025-08-13 | 17,375,638 | 11.89% |
| Jeffrey Gerard Emmanuel | SCHEDULE 13G | 2025-11-14 | 2025-08-13 | 17,375,638 | 11.89% |
| Pu Luo Chung VC Private Limited | SCHEDULE 13G | 2025-11-14 | 2025-08-13 | 14,651,315 | 10.02% |
| Kokuei Yuan | SCHEDULE 13D | 2025-08-21 | 2025-08-14 | 36,453,037 | 24.9% |
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.