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Institutional Ownership · SEC Form 13F

Who owns AX (AX)


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

382
Institutional holders
46,883,190
Shares held (tracked funds)
83.0%
Of shares outstanding

How the tape is positioned

70 tracked funds added or opened AX while 83 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

AX’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes AX more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in AX 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 382 tracked filers holding AX, 192 increased or opened the position and 178 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 AX 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 16

  • VANGUARD PORTFOLIO MANAGEMENT LLC$263M
  • VANGUARD CAPITAL MANAGEMENT LLC$209M
  • VANGUARD FIDUCIARY TRUST CO$31M
  • Militia Capital Management LLC$9M
  • Philadelphia Financial Management of San Francisco, LLC$8M
  • FIL Ltd$7M

Full exits 19

  • VANGUARD GROUP INC$500M
  • MILLENNIUM MANAGEMENT LLC$12M
  • Brandywine Global Investment Management, LLC$11M
  • Militia Capital Partners, LP$9M
  • B. Riley Wealth Advisors, Inc.$4M
  • AlphaQuest LLC$4M

Largest adds

  • FMR LLC$46M
  • WELLINGTON MANAGEMENT GROUP LLP$26M
  • FRANKLIN RESOURCES INC$25M
  • Invesco Ltd.$24M
  • GEODE CAPITAL MANAGEMENT, LLC$14M
  • CCG WEALTH MANAGEMENT, LLC$13M

Largest trims

  • BlackRock, Inc.$69M
  • Nuveen, LLC$14M
  • ALGERT GLOBAL LLC$14M
  • Pembroke Management, LTD$12M
  • Edgestream Partners, L.P.$12M
  • KENNEDY CAPITAL MANAGEMENT LLC$7M

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
BlackRock, Inc. trimmed7,619,110$648M14.8%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new3,090,775$263M6.0%2026-Q1
STATE STREET CORP added2,816,697$240M5.5%2026-Q1
AMERICAN CENTURY COMPANIES INC added2,510,407$214M4.9%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new2,454,074$209M4.8%2026-Q1
FMR LLC added2,432,682$207M4.7%2026-Q1
DIMENSIONAL FUND ADVISORS LP added2,177,003$185M4.2%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added1,958,430$169M3.8%2026-Q1
Davis Asset Management, L.P. added1,535,219$124M2.8%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP added837,853$71M1.6%2026-Q1
FRANKLIN RESOURCES INC added754,994$64M1.5%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added732,081$62M1.4%2026-Q1
AMERIPRISE FINANCIAL INC trimmed708,489$60M1.4%2026-Q1
NORTHERN TRUST CORP added684,712$58M1.3%2026-Q1
WASATCH ADVISORS LP trimmed616,381$52M1.2%2026-Q1
GENEVA CAPITAL MANAGEMENT LLC trimmed608,081$52M1.2%2026-Q1
MORGAN STANLEY trimmed543,627$46M1.1%2026-Q1
EMERALD ADVISERS, LLC trimmed496,232$42M1.0%2026-Q1
Invesco Ltd. added487,977$42M0.9%2026-Q1
Allspring Global Investments Holdings, LLC added432,739$37M0.8%2026-Q1
Boston Partners added413,152$35M0.8%2026-Q1
1832 Asset Management L.P. added379,784$32M0.7%2026-Q1
SHAKER INVESTMENTS LLC/OH trimmed368,712$31M0.7%2026-Q1
Bank of New York Mellon Corp trimmed368,667$31M0.7%2026-Q1
VANGUARD FIDUCIARY TRUST CO new368,241$31M0.7%2026-Q1
Bragg Financial Advisors, Inc added355,868$30M0.7%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added353,951$30M0.7%2026-Q1
GOLDMAN SACHS GROUP INC trimmed353,689$30M0.7%2026-Q1
EMERALD MUTUAL FUND ADVISERS TRUST trimmed336,740$29M0.7%2026-Q1
UBS Group AG added301,816$26M0.6%2026-Q1
LOOMIS SAYLES & CO L P trimmed298,514$25M0.6%2026-Q1
Public Sector Pension Investment Board added289,060$25M0.6%2026-Q1
JPMORGAN CHASE & CO trimmed262,853$22M0.5%2026-Q1
Nuveen, LLC trimmed250,394$21M0.5%2026-Q1
Stieven Capital Advisors, L.P. trimmed240,745$20M0.5%2026-Q1
KENNEDY CAPITAL MANAGEMENT LLC trimmed231,387$20M0.4%2026-Q1
AQR CAPITAL MANAGEMENT LLC trimmed228,366$19M0.4%2026-Q1
BANK OF AMERICA CORP /DE/ added221,656$19M0.4%2026-Q1
Empowered Funds, LLC added216,366$18M0.4%2026-Q1
ALGERT GLOBAL LLC trimmed191,844$16M0.4%2026-Q1
Gator Capital Management, LLC added186,840$16M0.4%2026-Q1
Squarepoint Ops LLC added180,407$15M0.3%2026-Q1
Empirical Finance, LLC added178,281$15M0.3%2026-Q1
First Eagle Investment Management, LLC added164,612$14M0.3%2026-Q1
OSTERWEIS CAPITAL MANAGEMENT INC added163,740$14M0.3%2026-Q1
CCG WEALTH MANAGEMENT, LLC added162,896$14M0.3%2026-Q1
RHUMBLINE ADVISERS added156,373$13M0.3%2026-Q1
Pembroke Management, LTD trimmed148,591$13M0.3%2026-Q1
STATE OF WISCONSIN INVESTMENT BOARD trimmed143,781$12M0.3%2026-Q1
RAYMOND JAMES FINANCIAL INC added143,565$12M0.3%2026-Q1
Brevan Howard Capital Management LP added135,129$11M0.3%2026-Q1
ROYCE & ASSOCIATES LP added134,616$11M0.3%2026-Q1
Legal & General Group Plc trimmed126,615$11M0.2%2026-Q1
Cerity Partners LLC added125,212$11M0.2%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added122,888$10M0.2%2026-Q1
PRUDENTIAL FINANCIAL INC added121,998$10M0.2%2026-Q1
Ategra Capital Management, LLC trimmed113,765$10M0.2%2026-Q1
RENAISSANCE GROUP LLC added113,384$10M0.2%2026-Q1
Swiss National Bank added106,400$9M0.2%2026-Q1
Militia Capital Management LLC new100,000$9M0.2%2026-Q1
ROYAL BANK OF CANADA trimmed98,217$8M0.2%2026-Q1
KESTREL INVESTMENT MANAGEMENT CORP trimmed95,150$8M0.2%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added94,671$8M0.2%2026-Q1
VICTORY CAPITAL MANAGEMENT INC added94,637$8M0.2%2026-Q1
ARGENT CAPITAL MANAGEMENT LLC added93,929$8M0.2%2026-Q1
WCM INVESTMENT MANAGEMENT, LLC added95,366$8M0.2%2026-Q1
Philadelphia Financial Management of San Francisco, LLC new88,200$8M0.2%2026-Q1
CI INVESTMENTS INC. trimmed85,017$7M0.2%2026-Q1
FIL Ltd trimmed85,000$7M0.2%2026-Q1
BESSEMER GROUP INC added84,354$7M0.2%2026-Q1
LORD, ABBETT & CO. LLC trimmed79,997$7M0.2%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added77,537$7M0.2%2026-Q1
CITADEL ADVISORS LLC added68,790$6M0.1%2026-Q1
BOOTHBAY FUND MANAGEMENT, LLC added67,780$6M0.1%2026-Q1
ALLIANCEBERNSTEIN L.P. added66,030$6M0.1%2026-Q1
VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed63,455$5M0.1%2026-Q1
FIRST TRUST ADVISORS LP added63,111$5M0.1%2026-Q1
LGT Fund Management Co Ltd.62,450$5M0.1%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added62,401$5M0.1%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ added62,145$5M0.1%2026-Q1
PMC FIG Opportunities LLC added59,280$5M0.1%2026-Q1
Quantinno Capital Management LP added56,525$5M0.1%2026-Q1
CITIGROUP INC trimmed55,702$5M0.1%2026-Q1
TCW GROUP INC trimmed53,520$5M0.1%2026-Q1
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed51,756$4M0.1%2026-Q1
VANGUARD ASSET MANAGEMENT, Ltd new51,578$4M0.1%2026-Q1
DEUTSCHE BANK AG\ trimmed48,094$4M0.1%2026-Q1
Russell Investments Group, Ltd. trimmed47,450$4M0.1%2026-Q1
CANADA LIFE ASSURANCE Co trimmed46,520$4M0.1%2026-Q1
Thrivent Financial for Lutherans trimmed45,926$4M0.1%2026-Q1
Livforsakringsbolaget Skandia, Omsesidigt added44,700$4M0.1%2026-Q1
VANGUARD GROUP INC trimmed5,807,314$500M11.4%2025-Q4 stale
JARISLOWSKY, FRASER Ltd trimmed382,183$32M0.7%2025-Q3 stale
NORGES BANK trimmed308,611$17M0.4%2025-Q1 stale
Voss Capital, LP added207,704$13M0.3%2025-Q1 stale
MILLENNIUM MANAGEMENT LLC trimmed144,837$12M0.3%2025-Q4 stale
Brandywine Global Investment Management, LLC trimmed125,371$11M0.2%2025-Q4 stale
Militia Capital Partners, LP added100,000$9M0.2%2025-Q4 stale
AXA S.A.84,600$6M0.1%2025-Q2 stale
Redwood Investments, LLC added90,716$6M0.1%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