Who owns BUR
Which tracked institutional funds hold BUR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BUR company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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 BUR is one-sided between 2025-Q4 and 2026-Q1: 24 added or opened and 102 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
BUR’s largest tracked holder by dollar value, BANK OF MONTREAL /CAN/, sizes it at 2.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 2.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BUR 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 226 tracked filers holding BUR, 125 increased or opened the position and 106 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
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 BUR 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 12
- VANGUARD PORTFOLIO MANAGEMENT LLC$7M
- Solas Capital Management, LLC$4M
- FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A.$2M
- ADAGE CAPITAL PARTNERS GP, L.L.C.$2M
- HRT FINANCIAL LP$2M
- HSBC HOLDINGS PLC$2M
Full exits 11
- Langdon Equity Partners$20M
- VANGUARD GROUP INC$17M
- GREENLEA LANE CAPITAL MANAGEMENT, LLC$16M
- Sycale Advisors (NY) LLC$7M
- Onex Canada Asset Management Inc.$7M
- Edgestream Partners, L.P.$4M
Largest adds
- BANK OF MONTREAL /CAN/$807M
- BARCLAYS PLC$15M
- D. E. Shaw & Co., Inc.$3M
- XTX Topco Ltd$3M
- BREACH INLET CAPITAL MANAGEMENT, LLC$3M
- KBC Group NV$3M
Largest trims
- Orbis Allan Gray Ltd$49M
- Pictet North America Advisors SA$37M
- BlackRock, Inc.$34M
- Invesco Ltd.$32M
- Mithaq Capital SPC$22M
- AMERIPRISE FINANCIAL INC$21M
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 |
|---|---|---|---|---|
| BANK OF MONTREAL /CAN/ added | 7,366,851 | $6.9B | 89.2% | 2026-Q1 |
| BlackRock, Inc. added | 15,789,499 | $71M | 0.9% | 2026-Q1 |
| Orbis Allan Gray Ltd added | 13,020,448 | $59M | 0.8% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 12,318,250 | $54M | 0.7% | 2026-Q1 |
| Pictet North America Advisors SA | 7,647,727 | $31M | 0.4% | 2026-Q1 |
| COOKE & BIELER LP added | 5,672,022 | $26M | 0.3% | 2026-Q1 |
| BARCLAYS PLC added | 5,361,614 | $24M | 0.3% | 2026-Q1 |
| Invesco Ltd. trimmed | 4,747,304 | $21M | 0.3% | 2026-Q1 |
| BREACH INLET CAPITAL MANAGEMENT, LLC added | 4,481,659 | $20M | 0.3% | 2026-Q1 |
| STATE STREET CORP added | 3,551,679 | $16M | 0.2% | 2026-Q1 |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC trimmed | 3,103,618 | $14M | 0.2% | 2026-Q1 |
| Aberdeen Group plc added | 2,681,624 | $12M | 0.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,425,123 | $11M | 0.1% | 2026-Q1 |
| CI INVESTMENTS INC. trimmed | 2,290,496 | $10M | 0.1% | 2026-Q1 |
| Greenhaven Road Investment Management, L.P. added | 2,140,312 | $10M | 0.1% | 2026-Q1 |
| Jefferies Financial Group Inc. trimmed | 2,028,743 | $9M | 0.1% | 2026-Q1 |
| MORGAN STANLEY trimmed | 2,004,477 | $9M | 0.1% | 2026-Q1 |
| Bandera Partners LLC trimmed | 1,756,762 | $8M | 0.1% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 1,621,459 | $7M | 0.1% | 2026-Q1 |
| M&G PLC added | 1,653,449 | $7M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 1,513,161 | $7M | 0.1% | 2026-Q1 |
| Mithaq Capital SPC trimmed | 1,494,749 | $7M | 0.1% | 2026-Q1 |
| Emeth Value Capital, LLC added | 1,445,614 | $7M | 0.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,422,453 | $6M | 0.1% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 1,311,609 | $6M | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 1,271,336 | $6M | 0.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 1,137,823 | $5M | 0.1% | 2026-Q1 |
| TIMUCUAN ASSET MANAGEMENT INC/FL | 1,103,016 | $5M | 0.1% | 2026-Q1 |
| Evelyn Partners Investment Management LLP trimmed | 1,051,903 | $5M | 0.1% | 2026-Q1 |
| Solas Capital Management, LLC new | 980,944 | $4M | 0.1% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 958,500 | $4M | 0.1% | 2026-Q1 |
| HighTower Advisors, LLC added | 956,832 | $4M | 0.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 949,530 | $4M | 0.1% | 2026-Q1 |
| Claar Advisors LLC added | 839,850 | $4M | 0.0% | 2026-Q1 |
| Empowered Funds, LLC added | 761,609 | $3M | 0.0% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 689,266 | $3M | 0.0% | 2026-Q1 |
| XTX Topco Ltd added | 688,221 | $3M | 0.0% | 2026-Q1 |
| Marex Group plc added | 662,793 | $3M | 0.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 643,160 | $3M | 0.0% | 2026-Q1 |
| KBC Group NV added | 640,497 | $3M | 0.0% | 2026-Q1 |
| Nuveen, LLC trimmed | 622,183 | $3M | 0.0% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 614,596 | $3M | 0.0% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 564,871 | $3M | 0.0% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 503,668 | $2M | 0.0% | 2026-Q1 |
| MARSHALL WACE, LLP added | 499,791 | $2M | 0.0% | 2026-Q1 |
| PenderFund Capital Management Ltd. | 497,990 | $2M | 0.0% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 494,015 | $2M | 0.0% | 2026-Q1 |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. new | 492,536 | $2M | 0.0% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 488,051 | $2M | 0.0% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 483,707 | $2M | 0.0% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 515,632 | $2M | 0.0% | 2026-Q1 |
| Mraz, Amerine & Associates, Inc. added | 465,273 | $2M | 0.0% | 2026-Q1 |
| Legal & General Group Plc trimmed | 495,767 | $2M | 0.0% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. new | 450,000 | $2M | 0.0% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 442,121 | $2M | 0.0% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC added | 422,852 | $2M | 0.0% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 212,680 | $2M | 0.0% | 2026-Q1 |
| UBS Group AG trimmed | 412,762 | $2M | 0.0% | 2026-Q1 |
| HRT FINANCIAL LP added | 403,101 | $2M | 0.0% | 2026-Q1 |
| Swiss National Bank | 388,499 | $2M | 0.0% | 2026-Q1 |
| FIRST FOUNDATION ADVISORS added | 380,953 | $2M | 0.0% | 2026-Q1 |
| BAILLIE GIFFORD & CO | 398,433 | $2M | 0.0% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 389,998 | $2M | 0.0% | 2026-Q1 |
| Amundi added | 334,092 | $2M | 0.0% | 2026-Q1 |
| Man Investment Partners (US) LP new | 309,828 | $1M | 0.0% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 242,473 | $1M | 0.0% | 2026-Q1 |
| Diametric Capital, LP added | 240,450 | $1M | 0.0% | 2026-Q1 |
| LPL Financial LLC added | 227,794 | $1M | 0.0% | 2026-Q1 |
| Pilgrim Partners Asia Pte Ltd added | 220,000 | $994K | 0.0% | 2026-Q1 |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. added | 4,044,998 | $48M | 0.6% | 2025-Q3 stale |
| Annandale Capital, LLC | 300,000 | $36M | 0.5% | 2025-Q3 stale |
| TEACHER RETIREMENT SYSTEM OF TEXAS trimmed | 1,966,482 | $24M | 0.3% | 2025-Q3 stale |
| Langdon Equity Partners new | 2,015,000 | $20M | 0.3% | 2025-Q4 stale |
| Two Seas Capital LP added | 1,602,067 | $19M | 0.2% | 2025-Q3 stale |
| VANGUARD GROUP INC added | 1,888,685 | $17M | 0.2% | 2025-Q4 stale |
| GREENLEA LANE CAPITAL MANAGEMENT, LLC | 1,835,072 | $16M | 0.2% | 2025-Q4 stale |
| FIL Ltd added | 890,000 | $11M | 0.1% | 2025-Q3 stale |
| Sycale Advisors (NY) LLC trimmed | 830,376 | $7M | 0.1% | 2025-Q4 stale |
| Onex Canada Asset Management Inc. trimmed | 762,888 | $7M | 0.1% | 2025-Q4 stale |
| Rovida Advisors Inc. | 575,000 | $7M | 0.1% | 2025-Q2 stale |
| Rovida Investment Management Ltd | 575,000 | $7M | 0.1% | 2025-Q2 stale |
| Empyrean Capital Partners, LP new | 340,000 | $4M | 0.1% | 2025-Q1 stale |
| Crawford Fund Management, LLC | 361,346 | $4M | 0.1% | 2025-Q3 stale |
| Kintayl Capital LP trimmed | 360,643 | $4M | 0.1% | 2025-Q3 stale |
| Edgestream Partners, L.P. added | 412,196 | $4M | 0.0% | 2025-Q4 stale |
| Aperture Investors, LLC trimmed | 369,095 | $3M | 0.0% | 2025-Q4 stale |
| Alpha Wave Global, LP new | 217,108 | $3M | 0.0% | 2025-Q2 stale |
| Michelson Medical Research Foundation, Inc. | 180,000 | $2M | 0.0% | 2025-Q1 stale |
| Mawer Investment Management Ltd. trimmed | 249,181 | $2M | 0.0% | 2025-Q4 stale |
| Pale Fire Capital SE trimmed | 128,054 | $2M | 0.0% | 2025-Q2 stale |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 128,000 | $2M | 0.0% | 2025-Q1 stale |
| TWINBEECH CAPITAL LP trimmed | 184,100 | $2M | 0.0% | 2025-Q4 stale |
| Centiva Capital, LP new | 170,040 | $2M | 0.0% | 2025-Q4 stale |
| ALGERT GLOBAL LLC new | 101,279 | $1M | 0.0% | 2025-Q2 stale |
| LAZARD ASSET MANAGEMENT LLC trimmed | 117,889 | $1M | 0.0% | 2025-Q3 stale |
| MIRABELLA FINANCIAL SERVICES LLP trimmed | 110,000 | $1M | 0.0% | 2025-Q3 stale |
| Corebridge Financial, Inc. trimmed | 98,166 | $1M | 0.0% | 2025-Q1 stale |
| MARTINGALE ASSET MANAGEMENT L P added | 84,537 | $1M | 0.0% | 2025-Q2 stale |
| TWO SIGMA ADVISERS, LP added | 77,800 | $1M | 0.0% | 2025-Q2 stale |
| JENNISON ASSOCIATES LLC trimmed | 85,659 | $1M | 0.0% | 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.