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Institutional Ownership · SEC Form 13F

Who owns AJG (AJG)


Which tracked institutional funds hold AJG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See AJG 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.

1,239
Institutional holders
231,073,088
Shares held (tracked funds)
89.9%
Of shares outstanding

How the tape is positioned

The tracked-fund tape on AJG is one-sided between 2025-Q4 and 2026-Q1: 154 added or opened and 527 trimmed or exited — on balance reducing.

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

AJG’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 gap the other way — the median holder sizes AJG more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in AJG 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 1239 tracked filers holding AJG, 580 increased or opened the position and 682 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 AJG 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 63

  • VANGUARD CAPITAL MANAGEMENT LLC$3.6B
  • VANGUARD PORTFOLIO MANAGEMENT LLC$2.7B
  • EAGLE CAPITAL MANAGEMENT LLC$577M
  • GTCR LLC$514M
  • VANGUARD FIDUCIARY TRUST CO$314M
  • BRANDES INVESTMENT PARTNERS, LP$152M

Full exits 80

  • VANGUARD GROUP INC$8.1B
  • Findlay Park Partners LLP$265M
  • CCLA Investment Management$122M
  • Global Retirement Partners, LLC$115M
  • WESTFIELD CAPITAL MANAGEMENT CO LP$67M
  • SANDS CAPITAL MANAGEMENT, LLC$63M

Largest adds

  • DODGE & COX$1.4B
  • FRANKLIN RESOURCES INC$322M
  • Capital Research Global Investors$245M
  • Artisan Partners Limited Partnership$139M
  • Focus Partners Wealth$132M
  • Connor, Clark & Lunn Investment Management Ltd.$64M

Largest trims

  • BlackRock, Inc.$1.5B
  • MORGAN STANLEY$1.1B
  • Capital International Investors$1.1B
  • JPMORGAN CHASE & CO$1.0B
  • T. Rowe Price Investment Management, Inc.$774M
  • FMR LLC$749M

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).

FundSharesReported value% of valueQuarter
JPMORGAN CHASE & CO trimmed19,568,047$4.2B7.8%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new16,699,898$3.6B6.7%2026-Q1
BlackRock, Inc. trimmed16,156,117$3.5B6.5%2026-Q1
FMR LLC trimmed14,597,062$3.2B5.8%2026-Q1
Capital World Investors added13,817,720$3.0B5.5%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new12,419,279$2.7B5.0%2026-Q1
STATE STREET CORP added10,973,921$2.4B4.4%2026-Q1
NORGES BANK trimmed4,708,379$1.6B3.0%2026-Q1
DODGE & COX added7,354,915$1.6B2.9%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added6,243,640$1.4B2.5%2026-Q1
MORGAN STANLEY trimmed4,056,175$878M1.6%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added3,242,088$702M1.3%2026-Q1
Capital Research Global Investors added2,980,131$645M1.2%2026-Q1
EAGLE CAPITAL MANAGEMENT LLC new2,665,572$577M1.1%2026-Q1
Capital International Investors trimmed2,596,653$562M1.0%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP trimmed2,583,359$560M1.0%2026-Q1
GTCR LLC new2,373,773$514M0.9%2026-Q1
WCM INVESTMENT MANAGEMENT, LLC trimmed2,362,513$510M0.9%2026-Q1
NORTHERN TRUST CORP trimmed2,229,829$483M0.9%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added2,109,463$457M0.8%2026-Q1
JANUS HENDERSON GROUP PLC added1,970,990$427M0.8%2026-Q1
FRANKLIN RESOURCES INC added1,954,100$423M0.8%2026-Q1
GOLDMAN SACHS GROUP INC added1,953,270$423M0.8%2026-Q1
BANK OF AMERICA CORP /DE/ added1,854,488$402M0.7%2026-Q1
Invesco Ltd. trimmed1,697,254$368M0.7%2026-Q1
BROWN ADVISORY INC trimmed1,580,307$342M0.6%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added1,449,869$314M0.6%2026-Q1
VANGUARD FIDUCIARY TRUST CO new1,447,832$314M0.6%2026-Q1
Focus Partners Wealth added1,379,397$299M0.6%2026-Q1
Legal & General Group Plc added1,373,429$297M0.5%2026-Q1
Mitsubishi UFJ Asset Management Co., Ltd. trimmed1,301,447$282M0.5%2026-Q1
Bank of New York Mellon Corp trimmed1,287,455$279M0.5%2026-Q1
FIL Ltd trimmed1,209,624$262M0.5%2026-Q1
BECK MACK & OLIVER LLC added1,062,566$230M0.4%2026-Q1
BROWN BROTHERS HARRIMAN & CO added1,031,635$223M0.4%2026-Q1
APG Asset Management N.V. trimmed1,177,502$221M0.4%2026-Q1
UBS Group AG trimmed989,174$214M0.4%2026-Q1
T. Rowe Price Investment Management, Inc. trimmed986,579$214M0.4%2026-Q1
ENVESTNET ASSET MANAGEMENT INC trimmed977,349$212M0.4%2026-Q1
Amundi added939,835$204M0.4%2026-Q1
ALLIANCEBERNSTEIN L.P. trimmed781,086$202M0.4%2026-Q1
Guinness Asset Management LTD added901,899$195M0.4%2026-Q1
Artisan Partners Limited Partnership added884,899$192M0.4%2026-Q1
DIMENSIONAL FUND ADVISORS LP added853,192$185M0.3%2026-Q1
Woodline Partners LP added840,676$182M0.3%2026-Q1
Boston Partners trimmed808,257$175M0.3%2026-Q1
California Public Employees Retirement System added789,499$171M0.3%2026-Q1
CITADEL ADVISORS LLC added762,692$165M0.3%2026-Q1
DEUTSCHE BANK AG\ added755,049$164M0.3%2026-Q1
Swiss National Bank added753,660$163M0.3%2026-Q1
VIKING GLOBAL INVESTORS LP trimmed727,441$158M0.3%2026-Q1
Nuveen, LLC added715,125$155M0.3%2026-Q1
BRANDES INVESTMENT PARTNERS, LP new701,260$152M0.3%2026-Q1
Stonehage Fleming Financial Services Holdings Ltd trimmed650,099$141M0.3%2026-Q1
BLS CAPITAL FONDSMAEGLERSELSKAB A/S new647,008$140M0.3%2026-Q1
Unisphere Establishment trimmed635,700$138M0.3%2026-Q1
BARCLAYS PLC trimmed634,333$137M0.3%2026-Q1
COOKE & BIELER LP new622,633$135M0.2%2026-Q1
Sumitomo Mitsui Trust Group, Inc. added587,811$127M0.2%2026-Q1
Mawer Investment Management Ltd. trimmed581,276$126M0.2%2026-Q1
Vanguard Global Advisers, LLC new569,533$123M0.2%2026-Q1
Fenimore Asset Management Inc added566,766$123M0.2%2026-Q1
LORD, ABBETT & CO. LLC added553,552$120M0.2%2026-Q1
JUPITER ASSET MANAGEMENT LTD added531,235$113M0.2%2026-Q1
Bank Julius Baer & Co. Ltd, Zurich trimmed508,446$110M0.2%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ trimmed499,941$108M0.2%2026-Q1
National Pension Service trimmed498,276$108M0.2%2026-Q1
RAYMOND JAMES FINANCIAL INC trimmed495,544$107M0.2%2026-Q1
CHILTON INVESTMENT CO INC. trimmed490,488$106M0.2%2026-Q1
WELLS FARGO & COMPANY/MN added484,535$105M0.2%2026-Q1
ROYAL BANK OF CANADA added484,330$105M0.2%2026-Q1
HSBC HOLDINGS PLC trimmed459,478$100M0.2%2026-Q1
VANGUARD ASSET MANAGEMENT, Ltd new439,081$95M0.2%2026-Q1
Bowie Capital Management, LLC added438,928$95M0.2%2026-Q1
RHUMBLINE ADVISERS trimmed428,774$93M0.2%2026-Q1
NEW YORK STATE COMMON RETIREMENT FUND added413,071$89M0.2%2026-Q1
Connor, Clark & Lunn Investment Management Ltd. added401,590$87M0.2%2026-Q1
First Pacific Advisors, LP new387,687$84M0.2%2026-Q1
CIBC Bancorp USA Inc. added634,451$81M0.1%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed369,074$80M0.1%2026-Q1
NZS Capital, LLC added368,965$80M0.1%2026-Q1
MILFORD FUNDS LTD trimmed358,577$78M0.1%2026-Q1
TD Asset Management Inc trimmed354,367$77M0.1%2026-Q1
BNP PARIBAS FINANCIAL MARKETS trimmed346,680$75M0.1%2026-Q1
ADAGE CAPITAL PARTNERS GP, L.L.C. added340,763$74M0.1%2026-Q1
REGIONS FINANCIAL CORP trimmed340,672$74M0.1%2026-Q1
Universal- Beteiligungs- und Servicegesellschaft mbH trimmed340,214$74M0.1%2026-Q1
LAZARD ASSET MANAGEMENT LLC added329,019$71M0.1%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed322,634$70M0.1%2026-Q1
NATIXIS ADVISORS, LLC added322,329$70M0.1%2026-Q1
CITIGROUP INC added295,088$64M0.1%2026-Q1
Welch & Forbes LLC trimmed293,288$64M0.1%2026-Q1
VANGUARD GROUP INC added31,390,201$8.1B15.0%2025-Q4 stale
Findlay Park Partners LLP trimmed1,025,521$265M0.5%2025-Q4 stale
Winslow Capital Management, LLC added828,466$265M0.5%2025-Q2 stale
DSM CAPITAL PARTNERS LLC added395,566$137M0.3%2025-Q1 stale
CCLA Investment Management trimmed470,291$122M0.2%2025-Q4 stale
Global Retirement Partners, LLC trimmed445,401$115M0.2%2025-Q4 stale
WESTFIELD CAPITAL MANAGEMENT CO LP trimmed259,491$67M0.1%2025-Q4 stale
Burkehill Global Management, LP trimmed185,000$64M0.1%2025-Q1 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.

HoldersTotal shares

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.

Learn how to read institutional ownership