REFI Chicago Atlantic Real Estate Finance, Inc. - Common Stock
$10.53
Price · Aug 19, 2026
Fundamentals as of Aug 11, 2026
52W Range
$10–$15
17% of range
Analyst Rating
BUY
11 analysts
Price Target
$15
+44% upside
P/E (TTM)
6.3
ROE
11.7%
Net Profit Margin
65.0%
REFI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$10.53
Market Cap
$222M
P/E (TTM)
6.3
EPS (TTM)
$1.68
Revenue (TTM)
—
Div Yield
19.8%
ROE
11.7%
Debt/Equity
—
52W Range
$10 – $15
REFI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
2022-12-31
→
2022-12-31
EPS
$1.68
2022-12-31
→
2025-12-31
Free Cash Flow
—
Margins
65.0%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
REFI
Peer Median
P/E (TTM)
6.3
6.3
P/S (TTM)
4.2
1.6
P/B
0.7
0.6
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
REFI
Peer Median
Net Profit Margin
65.0%
-7.5%
ROA
8.4%
-0.57%
ROE
11.7%
-3.4%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
REFI
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
REFI
Peer Median
EPS YoY
-10.6%
—
Net Income YoY
-2.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
REFI
Peer Median
Payout Ratio
121.8%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
19.8%
Payout Ratio
121.8%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.4700 |
| March 31, 2026 | $0.4700 |
| Dec. 31, 2025 | $0.4700 |
| Sept. 30, 2025 | $0.4700 |
| June 30, 2025 | $0.4700 |
| March 31, 2025 | $0.4700 |
| Dec. 31, 2024 | $0.6500 |
| Sept. 30, 2024 | $0.4700 |
| June 28, 2024 | $0.4700 |
| March 27, 2024 | $0.4700 |
| Dec. 28, 2023 | $0.7600 |
| Sept. 28, 2023 | $0.4700 |
| June 29, 2023 | $0.4700 |
| March 30, 2023 | $0.4700 |
| Dec. 29, 2022 | $0.7600 |
| Sept. 29, 2022 | $0.4700 |
| June 29, 2022 | $0.4700 |
| March 30, 2022 | $0.4000 |
REFI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
11 analysts
- Strong Buy 2 18.2%
- Buy 6 54.5%
- Hold 3 27.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-18
Median
$15.00
Now
$10.53
Low
$10.50
High
$20.00
Median target
$15.00
+42.5%
Mean target
$15.12
+43.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.05%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.43 | $0.44 | -0.01% |
| March 31, 2026 | $0.23 | $0.44 | -0.21% |
| Dec. 31, 2025 | $0.38 | $0.41 | -0.03% |
| Sept. 30, 2025 | $0.42 | $0.45 | -0.03% |
| June 30, 2025 | $0.41 | $0.45 | -0.04% |
| March 31, 2025 | $0.47 | $0.47 | 0.00% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| REFI | $258M | 7.3 | — | 65.0% | 11.7% | — |
| TRTX | $674M | 15.1 | -4.6% | 41.3% | 5.6% | — |
| RWT | — | — | — | — | — | — |
| KREF | $529M | -7.8 | -25.8% | -41.8% | -3.7% | — |
| NREF | $262M | 4.9 | 67.7% | 261.0% | 33.5% | — |
| RC | $355M | -1.5 | 3.0% | -217.3% | -13.1% | — |
| ACRE | $263M | 4.4 | -21.3% | -1.6% | -0.17% | — |
| CMTG | $429M | -0.9 | -24.4% | -260.4% | -29.7% | — |
| MITT | — | — | — | — | — | — |
| AOMR | — | — | — | — | — | — |
| SEVN | $201M | 8.9 | -16.7% | 52.5% | 5.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | · | · | · | $49M | |
| SG&A Expense | $5M | $5M | $5M | $4M | |
| Operating Expenses | · | · | · | $17M | |
| Interest Expense | · | · | $6M | $3M | |
| Interest Income | $63M | $62M | $63M | $51M | |
| Pretax Income | $36M | $37M | $39M | $32M | |
| Income Tax | $0 | $0 | $0 | $0 | |
| Net Income | $36M | $37M | $39M | $32M | |
| EPS (Basic) | $1.71 | $1.92 | $2.14 | $1.83 | |
| EPS (Diluted) | $1.68 | $1.88 | $2.11 | $1.82 | |
| Shares (Basic) | 21,003,635 | 19,279,501 | 18,085,088 | 17,653,765 | |
| Shares (Diluted) | 21,431,650 | 19,713,916 | 18,343,725 | 17,746,214 |
Balance Sheet 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $15M | $26M | $8M | $6M | |
| Inventory | · | · | · | $1M | |
| Other Current Assets | $1M | $3M | $107.2K | · | |
| Total Assets | $425M | $435M | $359M | $343M | |
| Total Liabilities | $117M | $126M | $87M | $79M | |
| Long-term Debt | $49M | $49M | · | · | |
| Total Debt | · | · | · | $336M | |
| Common Stock | $210.8K | $208.3K | $182.0K | $176.9K | |
| Paid-in Capital | · | · | · | $269M | |
| Retained Earnings | $-16M | $-10M | $-6M | $-5M | |
| Stockholders' Equity | $308M | $309M | $272M | $264M | |
| Liabilities + Equity | $425M | $435M | $359M | $343M | |
| Shares Outstanding | 21,080,272 | 20,829,228 | 18,197,192 | 17,685,952 |
Cash Flow 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Stock-based Comp | $3M | $3M | $1M | $435.6K | |
| Operating Cash Flow | $29M | $23M | $28M | $17M | |
| Investing Cash Flow | $9M | $-39M | $-2M | $-125M | |
| Stock Issued | $1M | $40M | $7M | $5M | |
| Net Stock Activity | $1M | $40M | $7M | $5M | |
| Dividends Paid | $44M | $42M | $39M | $28M | |
| Financing Cash Flow | $-49M | $35M | $-24M | $34M |
Profitability 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Net Margin | 65.0% | 67.4% | 67.7% | 66.1% | |
| Pretax Margin | 65.0% | 67.4% | 67.7% | 66.1% | |
| ROA | 8.4% | 9.3% | 11.0% | 10.4% | |
| ROE | 11.7% | 12.3% | 14.1% | 12.1% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Debt / Equity | · | · | · | 1.3 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.2 | 0.2 |
Growth Rates 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| EPS YoY | -10.6% | -10.9% | 15.9% | · | |
| EPS CAGR 3Y | -2.6% | · | · | · | |
| Net Income YoY | -2.8% | -4.3% | 19.9% | · | |
| Net Income CAGR 3Y | 3.7% | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $53M | $53M | $53M | $49M | |
| Net Income TTM | $36M | $37M | $39M | $32M | |
| Market Cap | $258M | $321M | $294M | $268M | |
| Enterprise Value | · | · | · | $598M | |
| P/E | 7.3 | 8.2 | 7.7 | 8.3 | |
| P/S | 4.9 | 6.1 | 5.6 | 5.5 | |
| P/B | 0.8 | 1.0 | 1.1 | 1.0 | |
| P / Tangible Book | 0.8 | 1.0 | 1.1 | 1.0 | |
| P / Cash Flow | 9.0 | 13.9 | 10.4 | 15.7 | |
| EV / Revenue | · | · | · | 12.2 | |
| Dividend Yield | 17.0% | 13.0% | 13.3% | 10.5% | |
| Earnings Yield | 13.7% | 12.2% | 13.0% | 12.1% | |
| Payout Ratio | 121.8% | 112.4% | 101.1% | 87.2% | |
| Annual Payout | $44M | $42M | $39M | $28M |
Income Statement 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | · | · | · | · | · | · | · | · | · | $14M | $15M | · | $13M | |
| SG&A Expense | $2M | $1M | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Operating Expenses | · | · | · | · | · | · | · | · | · | · | · | · | $5M | $4M | · | $3M | |
| Interest Expense | · | · | · | · | · | · | · | $2M | $2M | $2M | · | $1M | $994.9K | $2M | $1M | $861.3K | |
| Interest Income | $15M | $15M | $16M | $15M | $17M | $15M | $15M | $16M | $15M | $15M | $17M | $15M | $15M | $17M | $16M | $14M | |
| Pretax Income | $7M | $5M | $8M | $9M | $9M | $10M | $8M | $11M | $9M | $9M | $9M | $10M | $9M | $11M | $7M | $10M | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | · | |
| Net Income | $7M | $5M | $8M | $9M | $9M | $10M | $8M | $11M | $9M | $9M | $9M | $10M | $9M | $11M | $7M | $10M | |
| EPS (Basic) | $0.35 | $0.23 | $0.39 | $0.42 | $0.42 | $0.48 | $0.40 | $0.57 | $0.47 | $0.48 | $0.51 | $0.55 | $0.48 | $0.60 | $0.42 | $0.55 | |
| EPS (Diluted) | $0.34 | $0.23 | $0.38 | $0.42 | $0.41 | $0.47 | $0.39 | $0.56 | $0.46 | $0.47 | $0.50 | $0.54 | $0.47 | $0.60 | $0.41 | $0.55 | |
| Shares (Basic) | 21,242,557 | 21,080,272 | -41,932,389 | 21,074,771 | 21,002,787 | 20,858,466 | -37,998,053 | 19,625,190 | 19,378,445 | 18,273,919 | -36,064,111 | 18,175,467 | 18,094,288 | 17,879,444 | -35,303,151 | 17,657,913 | |
| Shares (Diluted) | 21,713,882 | 21,484,118 | -42,806,123 | 21,485,776 | 21,487,106 | 21,264,891 | -38,875,369 | 20,058,417 | 19,890,376 | 18,640,492 | -36,452,820 | 18,562,930 | 18,273,512 | 17,960,103 | -35,496,464 | 17,752,290 |
Balance Sheet 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $13M | $28M | $15M | $29M | $36M | $10M | $26M | $7M | $7M | $7M | $8M | $9M | $18M | $5M | $6M | $9M | |
| Inventory | · | · | · | · | · | · | · | · | · | · | · | · | $994.8K | · | · | · | |
| Other Current Assets | $1M | $65.8K | $1M | $26.4K | $879.2K | $1M | $3M | $1M | $838.9K | $192.4K | $107.2K | · | · | · | · | · | |
| Total Assets | $462M | $436M | $425M | $427M | $455M | $415M | $435M | $366M | $386M | $384M | $359M | $352M | $331M | $323M | $343M | $340M | |
| Total Liabilities | $160M | $133M | $117M | $117M | $145M | $104M | $126M | $70M | $94M | $98M | $87M | $77M | $57M | $51M | $79M | $70M | |
| Long-term Debt | $49M | $49M | $49M | $49M | $49M | $49M | · | $54M | $77M | · | · | · | · | · | · | · | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | · | $316M | $314M | · | $330M | |
| Common Stock | $213.1K | $210.8K | $210.8K | $210.8K | $210.7K | $208.9K | $208.3K | $196.3K | $196.2K | $191.0K | $182.0K | $181.8K | $181.8K | $180.9K | $176.9K | $176.6K | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | · | $276M | $275M | · | $269M | |
| Retained Earnings | $-24M | $-21M | $-16M | $-13M | $-12M | $-10M | $-10M | $-4M | $-6M | $-6M | $-6M | $-1M | $-3M | $-3M | $-5M | $1M | |
| Stockholders' Equity | $302M | $303M | $308M | $310M | $310M | $311M | $309M | $295M | $293M | $286M | $272M | $276M | $274M | $272M | $264M | $270M | |
| Liabilities + Equity | $462M | $436M | $425M | $427M | $455M | $415M | $435M | $366M | $386M | $384M | $359M | $352M | $331M | $323M | $343M | $340M | |
| Shares Outstanding | 21,314,392 | 21,080,272 | 21,080,272 | 21,075,298 | 21,074,625 | 20,893,785 | 20,829,228 | 19,634,482 | 19,624,458 | 18,197,192 | 18,197,192 | 18,182,241 | 18,175,393 | 18,088,683 | 17,685,952 | 17,742,915 |
Cash Flow 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $957.6K | $865.4K | $909.8K | $928.7K | $881.1K | $649.3K | $845.5K | $845.5K | $836.3K | $531.3K | $537.1K | $540.4K | $263.8K | $138.3K | $107.3K | $84.9K | |
| Operating Cash Flow | $9M | $3M | $7M | $8M | $6M | $8M | $2M | $8M | $6M | $7M | $16M | $1000.0K | $10M | $2M | $5M | $5M | |
| Investing Cash Flow | $-37M | $2M | $-7M | $14M | $-4M | $6M | $-41M | $24M | $-3M | $-19M | $-11M | $-22M | $5M | $25M | $-5M | $-2M | |
| Stock Issued | $0 | $0 | $0 | $0 | $0 | $1M | $19M | $43.5K | $11M | $10M | $0 | $0 | $1M | $6M | $0 | $0 | |
| Net Stock Activity | · | $0 | · | · | · | $1M | · | · | · | $10M | · | · | · | $6M | · | · | |
| Dividends Paid | $11M | $10M | $10M | $10M | $10M | $14M | $9M | $9M | $9M | $14M | $9M | $9M | $9M | $13M | $8M | $8M | |
| Financing Cash Flow | $13M | $8M | $-13M | $-29M | $23M | $-30M | $59M | $-32M | $-3M | $11M | $-6M | $11M | $-2M | $-28M | $-4M | $-299.2K |
Profitability 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 58.2% | 36.9% | · | 65.3% | 61.5% | 77.0% | · | 77.5% | 69.7% | 65.9% | · | 72.6% | 63.3% | 71.7% | · | 75.5% | |
| Pretax Margin | 58.2% | 36.9% | · | 65.3% | 61.5% | 77.0% | · | 77.5% | 69.7% | 65.9% | · | 72.6% | 63.3% | 71.7% | · | 75.5% | |
| ROA | 1.6% | 1.1% | · | 2.2% | 2.1% | 2.5% | · | 3.1% | 2.6% | 2.5% | · | 2.9% | 2.6% | 3.5% | · | 5.7% | |
| ROE | 2.4% | 1.6% | · | 2.9% | 2.9% | 3.4% | · | 3.9% | 3.2% | 3.1% | · | 3.6% | 3.2% | 4.0% | · | 7.2% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | · | 1.2 | 1.2 | · | 1.2 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.1 |
Valuation (TTM) 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $53M | $53M | · | $53M | $53M | $53M | · | $53M | $53M | $53M | · | $53M | $53M | $49M | · | $38M | |
| Net Income TTM | $30M | $33M | · | $39M | $39M | $39M | · | $39M | $37M | $38M | · | $39M | $37M | $36M | · | $29M | |
| Market Cap | $228M | $239M | · | $270M | $294M | $307M | · | $305M | $301M | $287M | · | $268M | $275M | $244M | · | $256M | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | · | $573M | $553M | · | $577M | |
| P/E | 7.7 | 7.4 | · | 6.9 | 7.3 | 7.5 | · | 7.6 | 7.9 | 7.6 | · | 6.8 | 7.4 | 6.7 | · | 6.4 | |
| P/S | 4.3 | 4.5 | · | 5.1 | 5.6 | 5.8 | · | 5.8 | 5.7 | 5.4 | · | 5.1 | 5.2 | 5.0 | · | 6.7 | |
| P/B | 0.8 | 0.8 | · | 0.9 | 0.9 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | 1.0 | 0.9 | · | 0.9 | |
| P / Tangible Book | 0.8 | 0.8 | · | 0.9 | 0.9 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | 1.0 | 0.9 | · | 0.9 | |
| P / Cash Flow | · | 75.4 | · | · | · | 40.3 | · | · | · | 41.5 | · | · | · | 143.6 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | · | 10.8 | 11.3 | · | 15.1 | |
| Earnings Yield | 13.1% | 13.5% | · | 14.5% | 13.6% | 13.3% | · | 13.1% | 12.6% | 13.2% | · | 14.7% | 13.5% | 14.9% | · | 15.5% | |
| Payout Ratio | · | 204.7% | · | · | · | 135.5% | · | · | · | 158.8% | · | · | · | 126.1% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | $49M | — |
| Net Income | $36M | $37M | $39M | $32M | — |
| Diluted EPS | $1.68 | $1.88 | $2.11 | $1.82 | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 1.3 | 0.8 |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
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Institutional owners (13F) 110 filers · $60.9M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 19 (+1 vs prior Q) | 11 (-6 vs prior Q) | 41 (+13 vs prior Q) | 21 (-9 vs prior Q) | +1.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Fielder Capital Group LLC | $10,530,077 | 982,283 | 17.29% | Shares |
| VANGUARD GROUP INC | $10,072,473 | 821,572 | 16.54% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $8,450,083 | 788,254 | 13.87% | Shares |
| STATE STREET CORP | $5,579,499 | 499,188 | 9.16% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $2,022,017 | 188,621 | 3.32% | Shares |
| CDC Financial, Inc. | $1,754,907 | 163,704 | 2.88% | Shares |
| Clayton Partners LLC | $1,665,288 | 155,344 | 2.73% | Shares |
| Corient Private Wealth LP | $1,637,166 | 152,719 | 2.69% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,348,276 | 125,772 | 2.21% | Shares |
| DOLIVER CAPITAL ADVISORS, INC. | $1,265,667 | 111,808 | 2.08% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,242,319 | 115,888 | 2.04% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $1,220,043 | 113,810 | 2.00% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $953,812 | 88,975 | 1.57% | Shares |
| INTREPID CAPITAL MANAGEMENT INC | $792,444 | 73,922 | 1.30% | Shares |
| BlackRock, Inc. | $733,741 | 68,446 | 1.20% | Shares |
| Odyssean, LLC | $678,490 | 63,292 | 1.11% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $662,110 | 61,764 | 1.09% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $621,490 | 57,975 | 1.02% | Shares |
| Quantinno Capital Management LP | $598,468 | 55,827 | 0.98% | Shares |
| RAYMOND JAMES FINANCIAL INC | $520,424 | 48,547 | 0.85% | Shares |
| Atom Investors LP | $453,606 | 42,314 | 0.74% | Shares |
| PERRITT CAPITAL MANAGEMENT INC | $447,471 | 36,498 | 0.73% | Shares |
| Magnus Financial Group LLC | $426,850 | 39,818 | 0.70% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $413,792 | 38,600 | 0.68% | Shares |
| PBMares Wealth Management LLC | $385,746 | 30,160 | 0.63% | Shares |
| Sage Mountain Advisors LLC | $367,524 | 34,284 | 0.60% | Shares |
| United Advisor Group, LLC | $354,296 | 33,050 | 0.58% | Shares |
| ALLIANCEBERNSTEIN L.P. | $276,321 | 24,410 | 0.45% | Shares |
| RHUMBLINE ADVISERS | $263,298 | 24,562 | 0.43% | Shares |
| Bank of New York Mellon Corp | $249,186 | 23,245 | 0.41% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $247,621 | 23,099 | 0.41% | Shares |
| MML INVESTORS SERVICES, LLC | $241,510 | 22,529 | 0.40% | Shares |
| Mission Financial Group, LLC | $233,889 | 21,818 | 0.38% | Shares |
| Empowered Funds, LLC | $213,028 | 19,872 | 0.35% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $207,418 | 19,349 | 0.34% | Shares |
| AlTi Global, Inc. | $201,366 | 17,995 | 0.33% | Shares |
| DEUTSCHE BANK AG\ | $197,516 | 18,425 | 0.32% | Shares |
| EVERETT HARRIS & CO /CA/ | $197,248 | 18,400 | 0.32% | Shares |
| Virtus Investment Advisers, LLC | $192,199 | 17,929 | 0.32% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $186,957 | 17,440 | 0.31% | Shares |
| FMR LLC | $175,265 | 16,349 | 0.29% | Shares |
| WELLS FARGO & COMPANY/MN | $169,633 | 15,824 | 0.28% | Shares |
| Orion Portfolio Solutions, LLC | $159,387 | 10,843 | 0.26% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $157,766 | 14,717 | 0.26% | Shares |
| BANK OF AMERICA CORP /DE/ | $151,056 | 14,091 | 0.25% | Shares |
| CITADEL ADVISORS LLC | $132,928 | 12,400 | 0.22% | Put option |
| Y-Intercept (Hong Kong) Ltd | $131,631 | 12,279 | 0.22% | Shares |
| DEBUSSY CAPITAL MANAGEMENT LP | $114,275 | 10,095 | 0.19% | Shares |
| GOLDMAN SACHS GROUP INC | $111,499 | 10,401 | 0.18% | Shares |
| HB Wealth Management, LLC | $110,094 | 10,270 | 0.18% | Shares |
| MetLife Investment Management, LLC | $106,771 | 9,960 | 0.18% | Shares |
| Nuveen, LLC | $102,044 | 9,519 | 0.17% | Shares |
| Eurizon Capital SGR S.p.A. | $94,558 | 8,534 | 0.16% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $93,264 | 8,700 | 0.15% | Shares |
| CITIGROUP INC | $88,322 | 8,239 | 0.14% | Shares |
| Invesco Ltd. | $80,271 | 7,488 | 0.13% | Shares |
| OSAIC HOLDINGS, INC. | $70,613 | 6,586 | 0.12% | Shares |
| SIMPLEX TRADING, LLC | $69,647 | 6,497 | 0.11% | Shares |
| Vanguard Global Advisers, LLC | $69,037 | 6,440 | 0.11% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $64,727 | 6,038 | 0.11% | Shares |
| Lindbrook Capital, LLC | $48,589 | 3,305 | 0.08% | Shares |
| Police & Firemen's Retirement System of New Jersey | $46,589 | 4,346 | 0.08% | Shares |
| UBS Group AG | $43,202 | 4,030 | 0.07% | Shares |
| MORGAN STANLEY | $35,944 | 3,353 | 0.06% | Shares |
| STRS OHIO | $34,304 | 3,200 | 0.06% | Shares |
| PNC Financial Services Group, Inc. | $32,224 | 3,006 | 0.05% | Shares |
| NORTHERN TRUST CORP | $31,828 | 2,969 | 0.05% | Shares |
| AlphaQuest LLC | $27,229 | 2,221 | 0.04% | Shares |
| Geneos Wealth Management Inc. | $24,978 | 2,330 | 0.04% | Shares |
| BARCLAYS PLC | $23,316 | 2,175 | 0.04% | Shares |
| Nuveen Asset Management, LLC | $21,203 | 1,375 | 0.03% | Shares |
| GAMMA Investing LLC | $19,382 | 1,808 | 0.03% | Shares |
| MCF Advisors LLC | $17,839 | 1,664 | 0.03% | Shares |
| Legal & General Group Plc | $17,559 | 1,638 | 0.03% | Shares |
| Russell Investments Group, Ltd. | $14,815 | 1,382 | 0.02% | Shares |
| Ameritas Investment Partners, Inc. | $14,493 | 1,352 | 0.02% | Shares |
| Arax Advisory Partners | $14,108 | 1,316 | 0.02% | Shares |
| Tower Research Capital LLC (TRC) | $12,532 | 1,169 | 0.02% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $11,116 | 982 | 0.02% | Shares |
| Sunbelt Securities, Inc. | $9,950 | 879 | 0.02% | Shares |
| CWM, LLC | $8,354 | 738 | 0.01% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $7,520 | 672 | 0.01% | Shares |
| ROYAL BANK OF CANADA | $6,000 | 579 | 0.01% | Shares |
| Westside Investment Management, Inc. | $5,360 | 500 | 0.01% | Shares |
| Sterling Capital Management LLC | $4,084 | 381 | 0.01% | Shares |
| Atlantic Union Bankshares Corp | $3,773 | 352 | 0.01% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,496 | 230 | 0.01% | Shares |
| Triumph Capital Management | $2,680 | 250 | 0.00% | Shares |
| Integrated Wealth Concepts LLC | $2,090 | 195 | 0.00% | Shares |
| Larson Financial Group LLC | $1,855 | 173 | 0.00% | Shares |
| IFP Advisors, Inc | $1,822 | 170 | 0.00% | Shares |
| Allworth Financial LP | $1,716 | 160 | 0.00% | Shares |
| Silver Grove Financial Group, Inc. | $1,294 | 121 | 0.00% | Shares |
| Penserra Capital Management LLC | $1,167 | 108,882 | 0.00% | Shares |
| JPMORGAN CHASE & CO | $1,085 | 98 | 0.00% | Shares |
| PRICE T ROWE ASSOCIATES INC /MD/ | $745 | 69,485 | 0.00% | Shares |
| True Wealth Design, LLC | $536 | 50 | 0.00% | Shares |
| ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ | $515 | 48 | 0.00% | Shares |
| Ares Financial Consulting, LLC | $472 | 44 | 0.00% | Shares |
| Physician Wealth Advisors, Inc. | $472 | 44 | 0.00% | Shares |
Company insiders 15 insiders · 8 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Anthony Cappell | Co-Chief Executive Officer | April 20, 2026 A | 421,706 | 0 | 0 | $0 |
| Peter Sack | Co-Chief Executive Officer | April 20, 2026 A | 118,356 | 1 | 0 | $101,304 |
| Phillip Silverman | Chief Financial Officer | April 20, 2026 A | 71,516 | 0 | 0 | $0 |
| Lindsay Menze | Chief Financial Officer | Dec. 10, 2021 A | 9,675 | 0 | 0 | $0 |
| David Kite | President and COO | April 20, 2026 A | 96,615 | 2 | 0 | $62,525 |
| Andreas Bodmeier | President and CIO | April 1, 2025 A | 391,534 | 0 | 0 | $0 |
| Donald E. Gulbrandsen | Co-President and CIO | April 1, 2024 A | 851,445 | 0 | 0 | $0 |
| John Mazarakis | Executive Chairman | April 20, 2026 A | 453,706 | 2 | 0 | $195,225 |
| Elizabeth Mary Stavola | Director | April 20, 2026 A | 6,324 | 0 | 0 | $0 |
| Brandon Konigsberg | Director | April 20, 2026 A | 33,870 | 1 | 0 | $86,310 |
| Jason D Papastavrou | Director | April 20, 2026 A | 55,870 | 3 | 0 | $227,790 |
| Michael L. Steiner | Director | April 1, 2025 A | 274,109 | 0 | 0 | $0 |
| Frederick C Herbst | Director | April 1, 2024 A | 19,475 | 0 | 0 | $0 |
| Chicago Atlantic CRE Holdings, LLC | 10% owner | June 3, 2022 J | 0 | 0 | 0 | $0 |
| Chicago Atlantic Fund QP, LLC | 10% owner | June 3, 2022 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 23 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RIET · ETF Series Solutions | 1.04% | 95,391 NS | May 31, 2026 | N-PORT |
| VRAI · ETFis Series Trust I | 0.98% | 15,185 NS | April 30, 2026 | N-PORT |
| REM · iShares Trust | 0.44% | 232,892 SH | Aug. 8, 2026 | Daily |
| ROSC · Lattice Strategies Trust | 0.17% | 7,672 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.04% | 64,733 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.03% | 335 NS | April 30, 2026 | N-PORT |
| SFGV · EA Series Trust | 0.02% | 19,902 NS | May 29, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 5,534 | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.01% | 198,963 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 108,217 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 16,125 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 537,180 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 7,989 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 18,002 | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 854 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 668 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 677 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 591 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 17 NS | May 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 7,591 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 199,009 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 570,761 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,430 SH | Aug. 8, 2026 | Daily |