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Institutional Ownership · SEC Form 13F

Who owns BIIB (BIIB)


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

998
Institutional holders
131,965,027
Shares held (tracked funds)
89.9%
Of shares outstanding

How the tape is positioned

240 tracked funds added or opened BIIB while 168 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

BIIB’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% 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 BIIB more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in BIIB 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 998 tracked filers holding BIIB, 527 increased or opened the position and 425 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 BIIB 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 49

  • VANGUARD CAPITAL MANAGEMENT LLC$1.7B
  • VANGUARD PORTFOLIO MANAGEMENT LLC$1.2B
  • VANGUARD FIDUCIARY TRUST CO$151M
  • Vanguard Global Advisers, LLC$63M
  • VANGUARD ASSET MANAGEMENT, Ltd$46M
  • Sofinnova Investments, Inc.$42M

Full exits 52

  • VANGUARD GROUP INC$3.1B
  • Pacer Advisors, Inc.$202M
  • HRT FINANCIAL LP$68M
  • Jain Global LLC$62M
  • Freestone Grove Partners LP$33M
  • Y-Intercept (Hong Kong) Ltd$24M

Largest adds

  • FMR LLC$689M
  • PRIMECAP MANAGEMENT CO/CA/$108M
  • AQR CAPITAL MANAGEMENT LLC$77M
  • T. Rowe Price Investment Management, Inc.$76M
  • Artemis Investment Management LLP$65M
  • GEODE CAPITAL MANAGEMENT, LLC$57M

Largest trims

  • BlackRock, Inc.$482M
  • Point72 Asset Management, L.P.$347M
  • MILLENNIUM MANAGEMENT LLC$181M
  • NORGES BANK$170M
  • BARCLAYS PLC$129M
  • SUSQUEHANNA INTERNATIONAL GROUP, LLP$91M

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
PRIMECAP MANAGEMENT CO/CA/ trimmed14,757,607$2.7B10.7%2026-Q1
FMR LLC added12,804,957$2.3B9.2%2026-Q1
BlackRock, Inc. trimmed11,588,137$2.1B8.4%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new9,537,417$1.7B6.9%2026-Q1
STATE STREET CORP added7,167,922$1.3B5.2%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new6,531,727$1.2B4.7%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added4,342,602$793M3.1%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP trimmed2,955,018$542M2.1%2026-Q1
MORGAN STANLEY trimmed2,170,940$398M1.6%2026-Q1
JPMORGAN CHASE & CO added2,016,009$378M1.5%2026-Q1
AQR CAPITAL MANAGEMENT LLC added1,923,120$346M1.4%2026-Q1
Boston Partners trimmed1,700,078$312M1.2%2026-Q1
Invesco Ltd. trimmed1,647,602$302M1.2%2026-Q1
NORGES BANK trimmed2,153,386$295M1.2%2026-Q1
NORTHERN TRUST CORP added1,446,579$265M1.0%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed1,377,568$253M1.0%2026-Q1
Legal & General Group Plc trimmed1,349,832$247M1.0%2026-Q1
T. Rowe Price Investment Management, Inc. added1,160,989$213M0.8%2026-Q1
BANK OF AMERICA CORP /DE/ added1,156,369$212M0.8%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added1,149,394$211M0.8%2026-Q1
VAN ECK ASSOCIATES CORP added1,079,861$198M0.8%2026-Q1
DIMENSIONAL FUND ADVISORS LP added1,079,119$198M0.8%2026-Q1
DEUTSCHE BANK AG\ added1,063,828$195M0.8%2026-Q1
GOLDMAN SACHS GROUP INC trimmed1,051,094$193M0.8%2026-Q1
Pictet Asset Management Holding SA trimmed913,328$168M0.7%2026-Q1
VANGUARD FIDUCIARY TRUST CO new825,531$151M0.6%2026-Q1
Point72 Asset Management, L.P. trimmed809,617$148M0.6%2026-Q1
Alyeska Investment Group, L.P. trimmed805,050$148M0.6%2026-Q1
Amundi added790,827$145M0.6%2026-Q1
Bank of New York Mellon Corp trimmed788,523$145M0.6%2026-Q1
Robeco Institutional Asset Management B.V. added763,174$140M0.6%2026-Q1
FRED ALGER MANAGEMENT, LLC trimmed733,194$134M0.5%2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added720,629$134M0.5%2026-Q1
Employees Provident Fund Board704,196$129M0.5%2026-Q1
FIRST TRUST ADVISORS LP added673,958$124M0.5%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ trimmed672,427$123M0.5%2026-Q1
BALYASNY ASSET MANAGEMENT L.P. added650,046$119M0.5%2026-Q1
AustralianSuper Pty Ltd added616,193$113M0.4%2026-Q1
Artemis Investment Management LLP added571,571$105M0.4%2026-Q1
BARCLAYS PLC trimmed551,474$101M0.4%2026-Q1
ROYAL BANK OF CANADA trimmed531,377$97M0.4%2026-Q1
UBS Group AG trimmed523,450$96M0.4%2026-Q1
Zurcher Kantonalbank (Zurich Cantonalbank) added522,155$96M0.4%2026-Q1
Caisse de depot et placement du Quebec trimmed518,694$95M0.4%2026-Q1
CITIGROUP INC trimmed500,507$92M0.4%2026-Q1
BNP PARIBAS FINANCIAL MARKETS trimmed471,068$86M0.3%2026-Q1
HSBC HOLDINGS PLC trimmed463,652$85M0.3%2026-Q1
Swiss National Bank added430,600$79M0.3%2026-Q1
National Pension Service added401,667$74M0.3%2026-Q1
Candriam S.C.A. added381,768$70M0.3%2026-Q1
Patient Capital Management, LLC trimmed379,741$70M0.3%2026-Q1
Nuveen, LLC trimmed358,838$66M0.3%2026-Q1
Sumitomo Mitsui Trust Group, Inc. trimmed356,291$65M0.3%2026-Q1
Vanguard Global Advisers, LLC new343,768$63M0.2%2026-Q1
California Public Employees Retirement System added340,903$62M0.2%2026-Q1
Mitsubishi UFJ Asset Management Co., Ltd. added334,413$61M0.2%2026-Q1
LSV ASSET MANAGEMENT added333,739$61M0.2%2026-Q1
ADAGE CAPITAL PARTNERS GP, L.L.C. added333,457$61M0.2%2026-Q1
VICTORY CAPITAL MANAGEMENT INC added320,785$59M0.2%2026-Q1
Man Group plc trimmed318,745$58M0.2%2026-Q1
FIL Ltd trimmed318,056$58M0.2%2026-Q1
Fisher Asset Management, LLC added312,618$57M0.2%2026-Q1
Gotham Asset Management, LLC added298,437$55M0.2%2026-Q1
Swedbank AB added289,840$53M0.2%2026-Q1
CAUSEWAY CAPITAL MANAGEMENT LLC trimmed280,783$51M0.2%2026-Q1
RHUMBLINE ADVISERS added275,438$50M0.2%2026-Q1
AEGON ASSET MANAGEMENT UK Plc trimmed258,735$47M0.2%2026-Q1
VANGUARD ASSET MANAGEMENT, Ltd new249,778$46M0.2%2026-Q1
ACADIAN ASSET MANAGEMENT LLC added248,489$46M0.2%2026-Q1
THOMPSON SIEGEL & WALMSLEY LLC added248,343$46M0.2%2026-Q1
KBC Group NV added234,692$43M0.2%2026-Q1
MARSHALL WACE, LLP trimmed229,879$42M0.2%2026-Q1
Sofinnova Investments, Inc. added229,521$42M0.2%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed220,687$40M0.2%2026-Q1
BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed215,436$40M0.2%2026-Q1
Qube Research & Technologies Ltd added212,921$39M0.2%2026-Q1
ALLIANCEBERNSTEIN L.P. added212,897$37M0.1%2026-Q1
RENAISSANCE TECHNOLOGIES LLC trimmed203,396$37M0.1%2026-Q1
Hudson Bay Capital Management LP trimmed201,367$37M0.1%2026-Q1
Logos Global Management LP200,000$37M0.1%2026-Q1
KLP KAPITALFORVALTNING AS added199,177$37M0.1%2026-Q1
SG Americas Securities, LLC added195,668$36M0.1%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added187,059$34M0.1%2026-Q1
Allianz Asset Management GmbH trimmed178,049$33M0.1%2026-Q1
PRUDENTIAL FINANCIAL INC trimmed163,887$30M0.1%2026-Q1
IEQ CAPITAL, LLC added152,076$28M0.1%2026-Q1
ExodusPoint Capital Management, LP added151,993$28M0.1%2026-Q1
Aberdeen Group plc added151,144$28M0.1%2026-Q1
LETKO, BROSSEAU & ASSOCIATES INC added150,865$28M0.1%2026-Q1
FRANKLIN RESOURCES INC added144,448$26M0.1%2026-Q1
PANAGORA ASSET MANAGEMENT INC added142,065$26M0.1%2026-Q1
O'SHAUGHNESSY ASSET MANAGEMENT, LLC added141,324$26M0.1%2026-Q1
Palo Alto Investors LP trimmed140,719$26M0.1%2026-Q1
VANGUARD GROUP INC added17,367,357$3.1B12.0%2025-Q4 stale
Pacer Advisors, Inc. trimmed1,145,890$202M0.8%2025-Q4 stale
HRT FINANCIAL LP added384,265$68M0.3%2025-Q4 stale
Jain Global LLC added353,173$62M0.2%2025-Q4 stale
Vestal Point Capital, LP added275,000$39M0.2%2025-Q3 stale
Freestone Grove Partners LP trimmed187,608$33M0.1%2025-Q4 stale
WEDGE CAPITAL MANAGEMENT L L P/NC added192,872$27M0.1%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.

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