Vault-13

ADVISORS INNER CIRCLE FD III BAFE

BROWN ADV FLEXIB · ETP · CUSIP 00775Y322

13 institutional holders +3 vs Q1 2026
57,001,80057.0m shares reported held*
$1.7bnreported value*
5 new 1 added 6 reduced 2 sold out net bought ≈ $8.2m (+281.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $29.16.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

051015Q4 24: 3Q1 25: 3Q2 25: 7Q3 25: 4Q4 25: 8Q1 26: 10Q2 26: 1313Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 20243
Q1 20253
Q2 20257
Q3 20254
Q4 20258
Q1 202610
Q2 202613

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q1 25: 2 bought or addedQ1 25: 1 cut or sold outQ1 25Q2 25: 5 bought or addedQ2 25: 0 cut or sold outQ2 25Q3 25: 2 bought or addedQ3 25: 3 cut or sold outQ3 25Q4 25: 6 bought or addedQ4 25: 0 cut or sold outQ4 25Q1 26: 9 bought or addedQ1 26: 2 cut or sold outQ1 26Q2 26: 6 bought or addedQ2 26: 8 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 202521
Q2 202550
Q3 202523
Q4 202560
Q1 202692
Q2 202668

Biggest buyers

Quantinno Capital Management LP Added +937,165+937.2k
TWO SIGMA INVESTMENTS, LP New +54,700+54.7k
BRIGHTON JONES LLC New +31,535+31.5k
NEUBERGER BERMAN GROUP LLC New +31,535+31.5k
CITADEL ADVISORS LLC New +27,034+27.0k
CITIGROUP INC New +1,775+1.8k

Biggest sellers

BROWN ADVISORY INC Reduced -647,105-647.1k
JANE STREET GROUP, LLC Reduced -71,082-71.1k
GOLDMAN SACHS GROUP INC Reduced -56,658-56.7k
JPMORGAN CHASE & CO Sold out -7,868-7.9k
TRED AVON FAMILY WEALTH, LLC Reduced -7,359-7.4k
ROYAL BANK OF CANADA Reduced -5,160-5.2k
UBS Group AG Sold out -3,519-3.5k
HB Wealth Management, LLC Reduced -3,141-3.1k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BROWN ADVISORY INC 13G · institution filed 2026-05-08 97.8% 56.9m≈ $1.7bn 2026-05-08

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BROWN ADVISORY INC 2.51% of their portfolio BALTIMORE, MD 55,553,09355.6m $1.6bn $1.6bn 2.51% Reduced -647.1k -647,105
2 Quantinno Capital Management LP 0.04% of their portfolio NEW YORK, NY 1,064,4251.1m $31.0m $31.0m 0.04% Added +937.2k +937,165
3 HB Wealth Management, LLC 0.02% of their portfolio Atlanta, GA 128,547128.5k $3.7m $3.7m 0.02% Reduced -3.1k -3,141
4 TRED AVON FAMILY WEALTH, LLC 0.63% of their portfolio EASTON, MD 70,74570.7k $2.1m $2.1m 0.63% Reduced -7.4k -7,359
5 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 54,70054.7k $1.6m $1.6m 0.00% New
6 BRIGHTON JONES LLC 0.02% of their portfolio SEATTLE, WA 31,53531.5k $919.6k $919.6k 0.02% New
7 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 31,53531.5k $919.6k $919.6k 0.00% New
8 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 27,03427.0k $788.3k $788.3k 0.00% New
9 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 25,64925.6k $747.9k $747.9k 0.00% Reduced -56.7k -56,658
10 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 9,7349.7k $283.8k $283.8k 0.00% Reduced -71.1k -71,082
11 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,7751.8k $51.8k $51.8k 0.00% New
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,5231.5k $44.0k $44.0k 0.00% Reduced -5.2k -5,160
13 Avalon Trust Co 0.00% of their portfolio SANTA FE, NM 1,5051.5k $43.9k $43.9k 0.00% Unchanged