Who owns AFL (AFL)
Which tracked institutional funds hold AFL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See AFL 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
201 tracked funds added or opened AFL while 270 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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
AFL’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in AFL 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 1648 tracked filers holding AFL, 645 increased or opened the position and 804 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
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 AFL 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 39
- VANGUARD CAPITAL MANAGEMENT LLC$3.3B
- VANGUARD PORTFOLIO MANAGEMENT LLC$2.0B
- VANGUARD FIDUCIARY TRUST CO$288M
- Vanguard Global Advisers, LLC$115M
- VANGUARD ASSET MANAGEMENT, Ltd$105M
- Vanguard Investments Australia, Ltd.$27M
Full exits 58
- VANGUARD GROUP INC$6.3B
- Brandywine Global Investment Management, LLC$35M
- VIRGINIA RETIREMENT SYSTEMS ET Al$33M
- Freestone Grove Partners LP$32M
- FORSTA AP-FONDEN$24M
- Connor, Clark & Lunn Investment Management Ltd.$23M
Largest adds
- FIRST TRUST ADVISORS LP$215M
- UBS Group AG$137M
- CITADEL ADVISORS LLC$78M
- Caisse de depot et placement du Quebec$65M
- Amundi$65M
- GOLDMAN SACHS GROUP INC$62M
Largest trims
- BlackRock, Inc.$611M
- AQR CAPITAL MANAGEMENT LLC$118M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$76M
- Japan Post Holdings Co., Ltd.$65M
- ALLIANCEBERNSTEIN L.P.$49M
- CANADA PENSION PLAN INVESTMENT BOARD$44M
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 |
|---|---|---|---|---|
| Japan Post Holdings Co., Ltd. trimmed | 51,974,500 | $5.7B | 14.6% | 2026-Q1 |
| BlackRock, Inc. trimmed | 31,400,091 | $3.4B | 8.8% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 30,254,403 | $3.3B | 8.5% | 2026-Q1 |
| STATE STREET CORP trimmed | 23,600,470 | $2.6B | 6.6% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 18,242,564 | $2.0B | 5.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 10,717,264 | $1.2B | 3.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 10,548,868 | $1.2B | 3.0% | 2026-Q1 |
| MORGAN STANLEY trimmed | 7,901,444 | $867M | 2.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 6,550,837 | $719M | 1.8% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 4,550,855 | $499M | 1.3% | 2026-Q1 |
| Invesco Ltd. added | 4,213,982 | $462M | 1.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 4,131,438 | $453M | 1.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 4,069,126 | $446M | 1.1% | 2026-Q1 |
| NORGES BANK added | 3,832,421 | $426M | 1.1% | 2026-Q1 |
| Legal & General Group Plc added | 3,811,014 | $418M | 1.1% | 2026-Q1 |
| Amundi added | 3,268,209 | $359M | 0.9% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 3,184,801 | $349M | 0.9% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 3,149,578 | $346M | 0.9% | 2026-Q1 |
| UBS Group AG added | 2,698,310 | $296M | 0.8% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 2,676,830 | $294M | 0.8% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 2,683,090 | $290M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 2,626,416 | $288M | 0.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,330,679 | $256M | 0.7% | 2026-Q1 |
| Guinness Asset Management LTD trimmed | 2,159,078 | $236M | 0.6% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 2,119,946 | $233M | 0.6% | 2026-Q1 |
| NORDEA INVESTMENT MANAGEMENT AB added | 1,944,989 | $210M | 0.5% | 2026-Q1 |
| ProShare Advisors LLC added | 1,617,315 | $177M | 0.5% | 2026-Q1 |
| Swiss National Bank added | 1,461,300 | $160M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,454,102 | $160M | 0.4% | 2026-Q1 |
| FMR LLC added | 1,383,789 | $152M | 0.4% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. trimmed | 1,369,412 | $150M | 0.4% | 2026-Q1 |
| BARCLAYS PLC trimmed | 1,289,092 | $141M | 0.4% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 1,216,270 | $133M | 0.3% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 1,207,226 | $132M | 0.3% | 2026-Q1 |
| Pinnacle Financial Partners, Inc. added | 1,150,524 | $126M | 0.3% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 1,140,542 | $125M | 0.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 1,132,495 | $124M | 0.3% | 2026-Q1 |
| Nuveen, LLC trimmed | 1,099,260 | $121M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 1,044,098 | $115M | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,025,765 | $113M | 0.3% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 1,009,765 | $111M | 0.3% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 999,037 | $110M | 0.3% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 964,590 | $106M | 0.3% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 958,191 | $105M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 957,294 | $105M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 934,501 | $103M | 0.3% | 2026-Q1 |
| LPL Financial LLC trimmed | 880,996 | $97M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 870,926 | $96M | 0.2% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 846,186 | $93M | 0.2% | 2026-Q1 |
| HighTower Advisors, LLC added | 841,986 | $92M | 0.2% | 2026-Q1 |
| TCTC Holdings, LLC | 809,298 | $89M | 0.2% | 2026-Q1 |
| National Pension Service trimmed | 807,430 | $89M | 0.2% | 2026-Q1 |
| ASSETMARK, INC trimmed | 801,692 | $88M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 796,083 | $87M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 782,185 | $86M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 772,361 | $85M | 0.2% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 746,927 | $82M | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 725,624 | $80M | 0.2% | 2026-Q1 |
| STOREBRAND ASSET MANAGEMENT AS added | 674,978 | $74M | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 667,700 | $73M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 650,031 | $71M | 0.2% | 2026-Q1 |
| GREATMARK INVESTMENT PARTNERS, INC. added | 644,665 | $71M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 630,770 | $69M | 0.2% | 2026-Q1 |
| Vest Financial, LLC added | 614,148 | $67M | 0.2% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 612,340 | $67M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 607,116 | $67M | 0.2% | 2026-Q1 |
| &PARTNERS added | 590,580 | $65M | 0.2% | 2026-Q1 |
| Maj Invest Holding A/S added | 574,513 | $63M | 0.2% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND trimmed | 555,666 | $61M | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT CO LTD added | 546,111 | $60M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 519,634 | $57M | 0.1% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 516,801 | $57M | 0.1% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 513,440 | $56M | 0.1% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 504,928 | $55M | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 488,357 | $54M | 0.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 478,735 | $53M | 0.1% | 2026-Q1 |
| Gotham Asset Management, LLC added | 476,592 | $52M | 0.1% | 2026-Q1 |
| Clark Capital Management Group, Inc. added | 476,570 | $52M | 0.1% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co trimmed | 464,642 | $51M | 0.1% | 2026-Q1 |
| Retirement Systems of Alabama trimmed | 462,212 | $51M | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 461,778 | $51M | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 459,380 | $50M | 0.1% | 2026-Q1 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 446,908 | $49M | 0.1% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 436,993 | $49M | 0.1% | 2026-Q1 |
| Sterling Capital Management LLC trimmed | 432,209 | $47M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 407,292 | $45M | 0.1% | 2026-Q1 |
| AVIVA PLC trimmed | 405,743 | $45M | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 401,567 | $44M | 0.1% | 2026-Q1 |
| SG Americas Securities, LLC added | 395,346 | $43M | 0.1% | 2026-Q1 |
| DANSKE BANK A/S added | 389,903 | $43M | 0.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 383,895 | $42M | 0.1% | 2026-Q1 |
| GATEWAY INVESTMENT ADVISERS LLC trimmed | 380,217 | $42M | 0.1% | 2026-Q1 |
| Aberdeen Group plc added | 376,654 | $41M | 0.1% | 2026-Q1 |
| Polar Capital Holdings Plc trimmed | 375,000 | $41M | 0.1% | 2026-Q1 |
| AMF Tjanstepension AB added | 371,149 | $41M | 0.1% | 2026-Q1 |
| KLP KAPITALFORVALTNING AS added | 365,170 | $40M | 0.1% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 358,174 | $39M | 0.1% | 2026-Q1 |
| ROFFMAN MILLER ASSOCIATES INC /PA/ trimmed | 355,931 | $39M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 57,141,127 | $6.3B | 16.1% | 2025-Q4 stale |
| SYNOVUS FINANCIAL CORP added | 1,104,430 | $123M | 0.3% | 2025-Q3 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.