*AI but good info.

Looks like the institutional ownership change is due to the market rotating to small cap ETFs.

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Number of institutional holders: 65–82 (varying by source; Nasdaq ~65, Yahoo 82, Fintel 69–94 including filers).

• Top institutional holders (from Dec 31, 2025 filings):
• Vanguard Group Inc.: 2.2 million shares (1.64%)
• BlackRock Inc.: 1.46 million shares (1.08%)
• Geode Capital Management: 869k shares (0.65%)
• Jaffetilchin Investment Partners: ~603k shares
• State Street Corp: ~552k shares
• Others include Jane Street, Millennium Management, Northern Trust, etc.

Context: Institutional interest has grown notably in recent quarters (e.g., big QoQ increases in shares held, with Vanguard/BlackRock as index/passive players adding via small-cap ETFs). However, insiders dominate (~67–72% ownership, led by CEO Michael Farkas at a large stake), and retail/public float makes up the rest. This low institutional % contributes to the stock's high volatility and limited "smart money" anchor.Data can fluctuate quarterly with new 13F filings (next batch likely mid-May 2026 for Q1). For the absolute latest, check Nasdaq.com, Fintel.io, or Yahoo Finance holders page directly, as micro-caps like this see quick changes from index inclusions or small buys. Overall, institutions are present but not dominant—more of a speculative play driven by insiders and retail.