Who owns Clearwater Paper (CLW)
Which tracked institutional funds hold CLW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CLW company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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
33 tracked funds added or opened CLW while 13 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
CLW’s largest tracked holder by dollar value, SOUTHEASTERN ASSET MANAGEMENT INC/TN/, sizes it at 1.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CLW 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 2026-Q1 and 2026-Q2, across 132 tracked filers holding CLW, 85 increased or opened the position and 51 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 CLW between the 2026-Q1 and 2026-Q2 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 4
- GATE CITY CAPITAL MANAGEMENT, LLC$15M
- Jefferies Financial Group Inc.$1M
- ExodusPoint Capital Management, LP$644K
- Marquette Asset Management, LLC$612K
Full exits 3
- WEDGE CAPITAL MANAGEMENT L L P/NC$2M
- GSA CAPITAL PARTNERS LLP$702K
- Jump Financial, LLC$669K
Largest adds
- AQR CAPITAL MANAGEMENT LLC$4M
- UBS Group AG$4M
- JPMORGAN CHASE & CO$3M
- BlackRock, Inc.$2M
- Invenomic Capital Management LP$2M
- SOUTHEASTERN ASSET MANAGEMENT INC/TN/$2M
Largest trims
- RENAISSANCE TECHNOLOGIES LLC$3M
- MILLENNIUM MANAGEMENT LLC$2M
- DIMENSIONAL FUND ADVISORS LP$2M
- JANE STREET GROUP, LLC$1M
- CITADEL ADVISORS LLC$1M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$1M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ added | 1,539,556 | $24M | 10.8% | 2026-Q2 |
| BlackRock, Inc. added | 1,262,006 | $20M | 8.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,062,406 | $17M | 7.4% | 2026-Q2 |
| GATE CITY CAPITAL MANAGEMENT, LLC new | 938,496 | $15M | 6.6% | 2026-Q2 |
| READYSTATE ASSET MANAGEMENT LP | 781,384 | $12M | 5.5% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 694,944 | $11M | 4.9% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 453,652 | $7M | 3.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 420,773 | $7M | 2.9% | 2026-Q2 |
| Invenomic Capital Management LP added | 420,419 | $7M | 2.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 404,311 | $6M | 2.8% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 396,734 | $6M | 2.8% | 2026-Q2 |
| STATE STREET CORP added | 352,774 | $6M | 2.5% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 297,415 | $5M | 2.1% | 2026-Q2 |
| Peapod Lane Capital LLC added | 289,906 | $5M | 2.0% | 2026-Q2 |
| Trexquant Investment LP added | 268,367 | $4M | 1.9% | 2026-Q2 |
| UBS Group AG added | 267,499 | $4M | 1.9% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 263,935 | $4M | 1.8% | 2026-Q2 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 261,856 | $4M | 1.8% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 208,986 | $3M | 1.5% | 2026-Q2 |
| MORGAN STANLEY added | 205,427 | $3M | 1.4% | 2026-Q2 |
| Man Group plc added | 190,419 | $3M | 1.3% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 182,460 | $3M | 1.3% | 2026-Q2 |
| CRAMER ROSENTHAL MCGLYNN LLC trimmed | 181,226 | $3M | 1.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 174,634 | $3M | 1.2% | 2026-Q2 |
| Assenagon Asset Management S.A. added | 144,392 | $2M | 1.0% | 2026-Q2 |
| NORTHERN TRUST CORP added | 137,727 | $2M | 1.0% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 137,619 | $2M | 1.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 127,762 | $2M | 0.9% | 2026-Q2 |
| Quantinno Capital Management LP added | 123,210 | $2M | 0.9% | 2026-Q2 |
| Allianz Asset Management GmbH added | 109,931 | $2M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 106,664 | $2M | 0.7% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 100,248 | $2M | 0.7% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 93,546 | $1M | 0.7% | 2026-Q2 |
| Nuveen, LLC added | 92,942 | $1M | 0.6% | 2026-Q2 |
| Empowered Funds, LLC added | 83,119 | $1M | 0.6% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 77,655 | $1M | 0.5% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 76,300 | $1M | 0.5% | 2026-Q2 |
| Numerai GP LLC added | 74,764 | $1M | 0.5% | 2026-Q2 |
| Jefferies Financial Group Inc. new | 64,685 | $1M | 0.5% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 54,083 | $848K | 0.4% | 2026-Q2 |
| Bank of New York Mellon Corp added | 52,997 | $831K | 0.4% | 2026-Q2 |
| Seven Six Capital Management, LLC trimmed | 45,227 | $709K | 0.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 45,132 | $708K | 0.3% | 2026-Q2 |
| ExodusPoint Capital Management, LP added | 41,057 | $644K | 0.3% | 2026-Q2 |
| Susquehanna Portfolio Strategies, LLC added | 40,922 | $642K | 0.3% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 40,602 | $637K | 0.3% | 2026-Q2 |
| Marquette Asset Management, LLC new | 39,001 | $612K | 0.3% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 38,434 | $603K | 0.3% | 2026-Q2 |
| Invesco Ltd. trimmed | 37,975 | $595K | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 37,685 | $591K | 0.3% | 2026-Q2 |
| SIMPLEX TRADING, LLC added | 35,112 | $551K | 0.2% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 34,900 | $547K | 0.2% | 2026-Q2 |
| D.A. DAVIDSON & CO. trimmed | 34,500 | $541K | 0.2% | 2026-Q2 |
| STRS OHIO added | 34,400 | $539K | 0.2% | 2026-Q2 |
| XTX Topco Ltd trimmed | 34,080 | $534K | 0.2% | 2026-Q2 |
| WOODMONT INVESTMENT COUNSEL LLC trimmed | 28,696 | $450K | 0.2% | 2026-Q2 |
| Jefferson Bridge Capital, LLC | 27,740 | $435K | 0.2% | 2026-Q2 |
| Engineers Gate Manager LP trimmed | 26,841 | $421K | 0.2% | 2026-Q2 |
| TURTLE CREEK ASSET MANAGEMENT INC. trimmed | 26,000 | $408K | 0.2% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 25,594 | $401K | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 25,538 | $400K | 0.2% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 23,350 | $366K | 0.2% | 2026-Q2 |
| Corient Private Wealth LP added | 23,100 | $362K | 0.2% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV new | 20,777 | $326K | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 20,708 | $298K | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 20,534 | $322K | 0.1% | 2026-Q2 |
| Odyssean, LLC new | 18,681 | $293K | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 17,785 | $279K | 0.1% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 17,772 | $279K | 0.1% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 15,895 | $249K | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 15,453 | $242K | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 15,245 | $239K | 0.1% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 15,153 | $238K | 0.1% | 2026-Q2 |
| Inscription Capital, LLC new | 14,140 | $222K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 13,731 | $215K | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 13,329 | $210K | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 13,055 | $205K | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC new | 12,487 | $197K | 0.1% | 2026-Q2 |
| NISA INVESTMENT ADVISORS, LLC added | 11,250 | $176K | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd new | 10,437 | $164K | 0.1% | 2026-Q2 |
| Significant Wealth Partners LLC trimmed | 10,215 | $160K | 0.1% | 2026-Q2 |
| IMC-Chicago, LLC trimmed | 10,059 | $158K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC | 9,309 | $146K | 0.1% | 2026-Q2 |
| Caption Management, LLC trimmed | 9,112 | $143K | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 7,308 | $115K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 7,292 | $114K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 6,430 | $101K | 0.0% | 2026-Q2 |
| Arax Advisory Partners added | 6,084 | $95K | 0.0% | 2026-Q2 |
| Versant Capital Management, Inc added | 4,627 | $73K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 4,498 | $71K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 4,238 | $66K | 0.0% | 2026-Q2 |
| FMR LLC added | 3,628 | $57K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 3,368 | $53K | 0.0% | 2026-Q2 |
| Investors Research Corp | 3,150 | $49K | 0.0% | 2026-Q2 |
| SUMMIT SECURITIES GROUP LLC added | 3,061 | $48K | 0.0% | 2026-Q2 |
| Walleye Capital LLC trimmed | 2,200 | $34K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 2,186 | $35K | 0.0% | 2026-Q2 |
| Quantbot Technologies LP trimmed | 1,730 | $27K | 0.0% | 2026-Q2 |
| Ameritas Investment Partners, Inc. | 1,653 | $26K | 0.0% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 1,605 | $25K | 0.0% | 2026-Q2 |
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.