§ EQUITY
USDSPBW
ALLIANZIM BUFFER20 ALLOC
USD
§ 01 · PRICE
Price action
1D5D1M6MYTD1YMAX
§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY
13F FLOW
22 increased/new, 8 decreased/exited (13F)
AC 13F Analysis
§ 05 · WHO OWNS IT
Top institutional holders
| Fund | Shares | % port | Δ Q/Q |
|---|---|---|---|
| AE Wealth Management LLC | 446K | 0.1% | +18% |
| Allianz SE | 277K | 0.1% | −18% |
| Kestra Advisory Services, LLC | 180K | 0.0% | +14% |
| INDEPENDENT FINANCIAL GROUP, LLC | 164K | n/a | +22% |
| EVOLUTION WEALTH MANAGEMENT INC. | 125K | 2.5% | n/a |
| NewEdge Advisors, LLC | 115K | n/a | +4% |
◇ AC INTELLIGENCE
Top institutional owners for SPBW as of the most recent 13F reporting period (Q1 2026 · Period ended Mar 31). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.
§ 06 · WHO OWNS IT · BY STRATEGY
OTHER95.2% · 25 holders
DEALER / BANK4.1% · 2 holders
INCOME / DEFENSIVE0.8% · 1 holder
◇ AC INTELLIGENCE
Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.
§ 07 · INSIDER ACTIVITY · LAST 180 DAYS
NO INSIDER FILINGS
◇ AC INTELLIGENCE
No Form 4 filings on record for SPBW in the last 180 days.
§ 08 · COVERAGE · OUR RECENT NOTES
No notes mention SPBW yet.