Who owns ADM (ADM)
Which tracked institutional funds hold ADM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ADM company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on ADM is one-sided between 2025-Q4 and 2026-Q1: 433 added or opened and 85 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ADM’s largest tracked holder by dollar value, STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, sizes it at 2.7% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 2.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ADM divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 1106 tracked filers holding ADM, 609 increased or opened the position and 428 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ADM between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 62
- VANGUARD CAPITAL MANAGEMENT LLC$2.3B
- VANGUARD PORTFOLIO MANAGEMENT LLC$1.9B
- VANGUARD FIDUCIARY TRUST CO$197M
- Vanguard Global Advisers, LLC$79M
- VANGUARD ASSET MANAGEMENT, Ltd$71M
- WORLDQUANT MILLENNIUM ADVISORS LLC$61M
Full exits 33
- VANGUARD GROUP INC$3.4B
- Brandywine Global Investment Management, LLC$67M
- Rubric Capital Management LP$63M
- VIRGINIA RETIREMENT SYSTEMS ET Al$24M
- CIBC WORLD MARKETS CORP$10M
- FORSTA AP-FONDEN$6M
Largest adds
- STATE FARM MUTUAL AUTOMOBILE INSURANCE CO$711M
- STATE STREET CORP$470M
- NORTHERN TRUST CORP$222M
- GEODE CAPITAL MANAGEMENT, LLC$221M
- DODGE & COX$163M
- MORGAN STANLEY$149M
Largest trims
- Pacer Advisors, Inc.$524M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$307M
- WELLINGTON MANAGEMENT GROUP LLP$251M
- NORGES BANK$96M
- BlackRock, Inc.$63M
- UBS Group AG$42M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 46,796,552 | $3.4B | 11.3% | 2026-Q1 |
| BlackRock, Inc. trimmed | 35,388,681 | $2.6B | 8.5% | 2026-Q1 |
| STATE STREET CORP trimmed | 33,665,739 | $2.4B | 8.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 31,239,389 | $2.3B | 7.5% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 26,043,739 | $1.9B | 6.3% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 17,265,915 | $1.3B | 4.2% | 2026-Q1 |
| DODGE & COX trimmed | 15,757,140 | $1.1B | 3.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 15,310,233 | $1.1B | 3.7% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 13,037,637 | $944M | 3.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 12,092,045 | $879M | 2.9% | 2026-Q1 |
| MORGAN STANLEY added | 7,645,401 | $556M | 1.8% | 2026-Q1 |
| Invesco Ltd. trimmed | 5,918,692 | $430M | 1.4% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 5,763,955 | $419M | 1.4% | 2026-Q1 |
| NORGES BANK trimmed | 6,394,750 | $307M | 1.0% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 3,806,192 | $277M | 0.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 3,598,693 | $262M | 0.9% | 2026-Q1 |
| Bank of New York Mellon Corp added | 3,432,651 | $250M | 0.8% | 2026-Q1 |
| UBS Group AG trimmed | 2,836,094 | $206M | 0.7% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 2,778,927 | $202M | 0.7% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 2,762,390 | $201M | 0.7% | 2026-Q1 |
| Legal & General Group Plc trimmed | 2,726,631 | $198M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 2,704,016 | $197M | 0.7% | 2026-Q1 |
| FMR LLC added | 2,586,816 | $188M | 0.6% | 2026-Q1 |
| ProShare Advisors LLC trimmed | 2,536,672 | $184M | 0.6% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 2,483,274 | $178M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,433,780 | $177M | 0.6% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 2,322,110 | $169M | 0.6% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 2,265,631 | $165M | 0.5% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 1,920,383 | $140M | 0.5% | 2026-Q1 |
| Amundi added | 1,822,907 | $133M | 0.4% | 2026-Q1 |
| LSV ASSET MANAGEMENT trimmed | 1,724,632 | $125M | 0.4% | 2026-Q1 |
| Empower Advisory Group, LLC added | 1,705,726 | $124M | 0.4% | 2026-Q1 |
| Markel Group Inc. | 1,505,800 | $109M | 0.4% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 1,489,590 | $108M | 0.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 1,449,193 | $105M | 0.3% | 2026-Q1 |
| Nuveen, LLC trimmed | 1,438,625 | $105M | 0.3% | 2026-Q1 |
| Allianz Asset Management GmbH added | 1,418,361 | $103M | 0.3% | 2026-Q1 |
| Swiss National Bank added | 1,410,300 | $103M | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 1,397,221 | $102M | 0.3% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 1,253,151 | $91M | 0.3% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 1,156,999 | $84M | 0.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 1,151,143 | $84M | 0.3% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. added | 1,123,494 | $82M | 0.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,093,506 | $79M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 1,093,502 | $79M | 0.3% | 2026-Q1 |
| BARCLAYS PLC added | 1,078,603 | $78M | 0.3% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 1,031,003 | $75M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 1,025,447 | $75M | 0.2% | 2026-Q1 |
| National Pension Service added | 984,238 | $72M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 971,677 | $71M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 956,888 | $70M | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 912,451 | $66M | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 891,998 | $65M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 884,296 | $64M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 872,983 | $63M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 839,642 | $61M | 0.2% | 2026-Q1 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 839,571 | $61M | 0.2% | 2026-Q1 |
| PGGM Investments | 830,238 | $60M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 783,805 | $57M | 0.2% | 2026-Q1 |
| Vest Financial, LLC trimmed | 764,909 | $56M | 0.2% | 2026-Q1 |
| Artemis Investment Management LLP trimmed | 764,129 | $56M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 753,286 | $55M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 739,057 | $54M | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT CO LTD trimmed | 736,700 | $54M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 680,493 | $49M | 0.2% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 680,492 | $49M | 0.2% | 2026-Q1 |
| Munich Reinsurance Co Stock Corp in Munich trimmed | 642,797 | $47M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 582,611 | $42M | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 568,747 | $41M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 559,202 | $41M | 0.1% | 2026-Q1 |
| Van Hulzen Asset Management, LLC trimmed | 528,967 | $38M | 0.1% | 2026-Q1 |
| AVIVA PLC added | 526,055 | $38M | 0.1% | 2026-Q1 |
| BANK OF NOVA SCOTIA added | 522,258 | $38M | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 518,899 | $38M | 0.1% | 2026-Q1 |
| Eurizon Capital SGR S.p.A. trimmed | 505,553 | $37M | 0.1% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 500,834 | $36M | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 606,181 | $35M | 0.1% | 2026-Q1 |
| AE Wealth Management LLC added | 475,824 | $35M | 0.1% | 2026-Q1 |
| SEI INVESTMENTS CO added | 471,239 | $34M | 0.1% | 2026-Q1 |
| KLP KAPITALFORVALTNING AS added | 470,038 | $34M | 0.1% | 2026-Q1 |
| Gotham Asset Management, LLC added | 467,236 | $34M | 0.1% | 2026-Q1 |
| LPL Financial LLC added | 456,123 | $33M | 0.1% | 2026-Q1 |
| Mirae Asset Global Investments Co., Ltd. trimmed | 451,101 | $33M | 0.1% | 2026-Q1 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 444,084 | $32M | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 431,696 | $31M | 0.1% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM added | 427,319 | $31M | 0.1% | 2026-Q1 |
| Ensign Peak Advisors, Inc added | 424,301 | $31M | 0.1% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 407,002 | $30M | 0.1% | 2026-Q1 |
| Swedbank AB trimmed | 398,379 | $29M | 0.1% | 2026-Q1 |
| Man Group plc trimmed | 385,518 | $28M | 0.1% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 374,192 | $27M | 0.1% | 2026-Q1 |
| AustralianSuper Pty Ltd trimmed | 359,730 | $26M | 0.1% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 349,701 | $25M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 58,926,604 | $3.4B | 11.2% | 2025-Q4 stale |
| Ilex Capital Partners (UK) LLP new | 1,259,667 | $75M | 0.2% | 2025-Q3 stale |
| Brandywine Global Investment Management, LLC trimmed | 1,161,285 | $67M | 0.2% | 2025-Q4 stale |
| Rubric Capital Management LP new | 1,101,583 | $63M | 0.2% | 2025-Q4 stale |
| STEADFAST CAPITAL MANAGEMENT LP new | 840,500 | $44M | 0.1% | 2025-Q2 stale |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH added | 740,695 | $39M | 0.1% | 2025-Q2 stale |
| Yaupon Capital Management LP added | 494,284 | $26M | 0.1% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.