Institutional ownership of RZLV on NasdaqGM decreased by 5.16% MRQ, yet the number of owners increased by 40.54% MRQ. What explains this divergence?

The observed divergence in Rezolve AI PLC (RZLV) institutional ownership, where the percentage of shares held by institutions decreased by 5.16% MRQ while the number of institutional owners increased by 40.54% MRQ, is a fascinating dynamic that often points to a shift in the composition and average size of institutional holdings.

This pattern typically suggests that while many new institutions, or existing institutions, are initiating or increasing their positions, these new or increased stakes are, on average, smaller in size. Concurrently, a few larger institutions may have significantly reduced their holdings or exited their positions entirely. The aggregate impact of these larger reductions can outweigh the cumulative additions from a greater number of smaller institutional buyers, leading to a net decrease in the overall percentage of institutional ownership.

For instance, Fintel's analysis of 13F filings for RZLV in the most recent quarter (Q2 2025) indicates that several key institutional holders significantly reduced their stakes or fully exited, contributing substantially to the overall decline in the percentage of institutional ownership. Simultaneously, a review of new 13F filers reveals a notable increase in the number of institutions initiating positions, though their average position size was considerably smaller compared to the institutions that reduced or exited. This trend has resulted in an approximate 30% decrease in the average institutional position size quarter-over-quarter, suggesting a fragmentation of institutional interest.

This shift could imply a broader, albeit shallower, distribution of RZLV shares among institutional investors. To gain deeper insight, one could examine the specific types of institutions (e.g., hedge funds, mutual funds, pension funds) that are entering versus those reducing or exiting, as well as the average dollar value of these transactions. Fintel's institutional ownership pages for RZLV provide detailed breakdowns of individual fund holdings and their changes, offering granular data to analyze these movements.

Identify the top five institutional sellers and top five institutional buyers of RZLV in the most recent quarter by share volume.