ADVANCED EMISSIONS SOLUTS IN

Ticker: ARQ CUSIP: 00770C101 Class: COM

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
AIGH Capital Management LLC2,273,092$7,433
BlackRock, Inc.2,045,938$6,690
VANGUARD GROUP INC1,830,017$5,984
ROYCE & ASSOCIATES LP1,458,444$4,769
DIMENSIONAL FUND ADVISORS LP919,640$3,007
Alta Fundamental Advisers LLC781,088$2,554
GEODE CAPITAL MANAGEMENT, LLC778,142$2,545
STATE STREET CORP561,888$1,837
MARSHALL WACE, LLP444,207$1,453
RENAISSANCE TECHNOLOGIES LLC412,299$1,348
MORGAN STANLEY362,538$1,186
AQR CAPITAL MANAGEMENT LLC299,787$980
JACOBS LEVY EQUITY MANAGEMENT, INC262,330$858
DCF Advisers, LLC260,570$852
Peapod Lane Capital LLC228,564$747
NORTHERN TRUST CORP200,769$657
Marex Group plc190,000$621
GSA CAPITAL PARTNERS LLP161,836$1
GRATIA CAPITAL, LLC155,000$507
GOLDMAN SACHS GROUP INC129,537$424
LAZARD ASSET MANAGEMENT LLC110,783$362
CHARLES SCHWAB INVESTMENT MANAGEMENT INC99,993$327
AMERICAN CENTURY COMPANIES INC84,356$276
MILLENNIUM MANAGEMENT LLC80,093$262
BANK OF AMERICA CORP /DE/79,604$260
XTX Topco Ltd76,843$251
PERRITT CAPITAL MANAGEMENT INC75,000$245
Rothschild Wealth LLC75,000$245
BRIDGEWAY CAPITAL MANAGEMENT, LLC74,780$245
JANE STREET GROUP, LLC74,224$243
Bank of New York Mellon Corp73,079$239
UBS Group AG67,997$222
CITADEL ADVISORS LLC63,401$207
Point72 Asset Management, L.P.61,032$200
SUSQUEHANNA INTERNATIONAL GROUP, LLP57,888$189
BNP PARIBAS ARBITRAGE, SA57,809$189
AMERIPRISE FINANCIAL INC55,654$182
GABELLI FUNDS LLC52,000$170
D. E. Shaw & Co., Inc.50,166$164
BARCLAYS PLC49,829$163
WELLS FARGO & COMPANY/MN44,877$147
1492 Capital Management LLC44,306$145
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO42,326$138
JPMORGAN CHASE & CO41,892$137
RHUMBLINE ADVISERS41,341$135
Nuveen, LLC33,406$109
Jump Financial, LLC33,129$108
FRANKLIN RESOURCES INC32,281$106
Invesco Ltd.28,736$94
STATE OF WISCONSIN INVESTMENT BOARD22,965$75
Jain Global LLC22,800$75
CITIGROUP INC22,002$72
ALGERT GLOBAL LLC20,170$0
Squarepoint Ops LLC17,113$56
PRICE T ROWE ASSOCIATES INC /MD/16,868$0
SEI INVESTMENTS CO15,877$52
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.15,312$50
Dynamic Technology Lab Private Ltd14,337$47
INTECH INVESTMENT MANAGEMENT LLC13,805$45
OXFORD ASSET MANAGEMENT LLP13,680$45
Avanza Fonder AB13,419$44
ALLIANCEBERNSTEIN L.P.12,700$42
Murphy Pohlad Asset Management LLC11,600$38
HRT FINANCIAL LP11,502$0
LOS ANGELES CAPITAL MANAGEMENT LLC11,325$76
Mraz, Amerine & Associates, Inc.11,300$37
Verition Fund Management LLC11,004$36
MANUFACTURERS LIFE INSURANCE COMPANY, THE10,149$33
Firsthand Capital Management, Inc.6,800$22
Police & Firemen's Retirement System of New Jersey5,528$18
ROYAL BANK OF CANADA4,844$16
Rockefeller Capital Management L.P.4,670$15
Tower Research Capital LLC (TRC)4,430$14
State of Alaska, Department of Revenue3,998$0
FMR LLC3,071$10
CWM, LLC2,959$0
Legal & General Group Plc2,872$9
Russell Investments Group, Ltd.2,621$9
Ameritas Investment Partners, Inc.2,422$8
SIMPLEX TRADING, LLC2,311$8
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM1,965$6
SBI Securities Co., Ltd.1,846$6
Sterling Capital Management LLC1,844$6
NEW YORK STATE COMMON RETIREMENT FUND1,400$5
STRS OHIO1,400$5
McMillan Office, Inc.1,390$5
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO1,184$4
AMALGAMATED BANK1,005$0
SRS Capital Advisors, Inc.800$3
OSAIC HOLDINGS, INC.770$3
Optiver Holding B.V.544$2
Farther Finance Advisors, LLC467$2
Allworth Financial LP425$1
IFP Advisors, Inc165$1
EverSource Wealth Advisors, LLC118$0
ROTHSCHILD INVESTMENT LLC101$0
SJS Investment Consulting Inc.64$0
MAI Capital Management63$0
PNC Financial Services Group, Inc.23$0
ACADIAN ASSET MANAGEMENT LLC10$0
2 other institutions10$0
Total (102 institutions)15,867,559$51,213