Who owns CMA (CMA)
Which tracked institutional funds hold CMA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CMA company fundamentals →
Ownership as of the 2025-Q4 13F filings. 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 CMA is one-sided between 2025-Q4 and 2026-Q1: 1 added or opened and 313 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
CMA’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 CMA more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in CMA 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-Q3 and 2025-Q4, across 574 tracked filers holding CMA, 246 increased or opened the position and 310 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 CMA 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 1
- Kentucky Retirement Systems$718K
Full exits 311
- BlackRock, Inc.$1.3B
- VANGUARD GROUP INC$1.1B
- DIMENSIONAL FUND ADVISORS LP$512M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$412M
- STATE STREET CORP$377M
- HBK INVESTMENTS L P$346M
Largest trims
- NORGES BANK$56M
- HUNTINGTON NATIONAL BANK$1M
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 |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 14,927,769 | $1.3B | 13.0% | 2025-Q4 |
| VANGUARD GROUP INC trimmed | 12,283,968 | $1.1B | 10.7% | 2025-Q4 |
| DIMENSIONAL FUND ADVISORS LP added | 5,885,563 | $512M | 5.1% | 2025-Q4 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 4,744,301 | $412M | 4.1% | 2025-Q4 |
| STATE STREET CORP trimmed | 4,306,580 | $377M | 3.8% | 2025-Q4 |
| HBK INVESTMENTS L P added | 3,975,000 | $346M | 3.5% | 2025-Q4 |
| Bank of New York Mellon Corp trimmed | 3,365,554 | $293M | 2.9% | 2025-Q4 |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) new | 3,311,960 | $288M | 2.9% | 2025-Q4 |
| MILLENNIUM MANAGEMENT LLC trimmed | 2,785,209 | $242M | 2.4% | 2025-Q4 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,452,550 | $213M | 2.1% | 2025-Q4 |
| FMR LLC trimmed | 2,048,700 | $178M | 1.8% | 2025-Q4 |
| Invesco Ltd. added | 2,038,272 | $177M | 1.8% | 2025-Q4 |
| HoldCo Asset Management, LP trimmed | 2,037,358 | $177M | 1.8% | 2025-Q4 |
| Pentwater Capital Management LP new | 2,000,000 | $174M | 1.7% | 2025-Q4 |
| GOLDMAN SACHS GROUP INC added | 1,861,466 | $162M | 1.6% | 2025-Q4 |
| Glazer Capital, LLC new | 1,733,438 | $151M | 1.5% | 2025-Q4 |
| WELLINGTON MANAGEMENT GROUP LLP added | 1,706,277 | $148M | 1.5% | 2025-Q4 |
| TORONTO DOMINION BANK added | 1,615,701 | $140M | 1.4% | 2025-Q4 |
| MORGAN STANLEY trimmed | 1,494,011 | $130M | 1.3% | 2025-Q4 |
| NORTHERN TRUST CORP trimmed | 1,402,411 | $122M | 1.2% | 2025-Q4 |
| UBS Group AG added | 1,343,812 | $117M | 1.2% | 2025-Q4 |
| ALLIANCEBERNSTEIN L.P. added | 1,311,401 | $114M | 1.1% | 2025-Q4 |
| WHITEBOX ADVISORS LLC new | 1,250,001 | $109M | 1.1% | 2025-Q4 |
| Magnetar Financial LLC added | 1,139,969 | $99M | 1.0% | 2025-Q4 |
| TUDOR INVESTMENT CORP ET AL added | 1,106,871 | $96M | 1.0% | 2025-Q4 |
| AQR Arbitrage LLC added | 1,009,326 | $88M | 0.9% | 2025-Q4 |
| Jefferies Financial Group Inc. added | 1,006,259 | $87M | 0.9% | 2025-Q4 |
| NORGES BANK trimmed | 1,397,940 | $83M | 0.8% | 2026-Q1 |
| BANK OF NOVA SCOTIA added | 910,116 | $79M | 0.8% | 2025-Q4 |
| JPMORGAN CHASE & CO trimmed | 827,544 | $72M | 0.7% | 2025-Q4 |
| Polar Asset Management Partners Inc. added | 787,000 | $68M | 0.7% | 2025-Q4 |
| CITADEL ADVISORS LLC trimmed | 759,336 | $66M | 0.7% | 2025-Q4 |
| First Trust Capital Management L.P. new | 756,333 | $66M | 0.7% | 2025-Q4 |
| SOROS FUND MANAGEMENT LLC added | 748,994 | $65M | 0.7% | 2025-Q4 |
| Capital World Investors | 706,621 | $61M | 0.6% | 2025-Q4 |
| Westchester Capital Management, LLC new | 658,366 | $57M | 0.6% | 2025-Q4 |
| NewEdge Wealth, LLC added | 641,793 | $56M | 0.6% | 2025-Q4 |
| NEUBERGER BERMAN GROUP LLC added | 637,825 | $55M | 0.6% | 2025-Q4 |
| Capital International Investors trimmed | 542,329 | $47M | 0.5% | 2025-Q4 |
| FIRST TRUST ADVISORS LP trimmed | 483,971 | $42M | 0.4% | 2025-Q4 |
| CITIGROUP INC trimmed | 472,214 | $41M | 0.4% | 2025-Q4 |
| BANK OF AMERICA CORP /DE/ added | 455,615 | $40M | 0.4% | 2025-Q4 |
| Man Group plc added | 434,525 | $38M | 0.4% | 2025-Q4 |
| Squarepoint Ops LLC added | 429,848 | $37M | 0.4% | 2025-Q4 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 423,815 | $37M | 0.4% | 2025-Q4 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 420,611 | $37M | 0.4% | 2025-Q4 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 412,943 | $36M | 0.4% | 2025-Q4 |
| KING LUTHER CAPITAL MANAGEMENT CORP trimmed | 409,715 | $36M | 0.4% | 2025-Q4 |
| WATER ISLAND CAPITAL LLC new | 398,037 | $35M | 0.3% | 2025-Q4 |
| Balyasny Asset Management L.P. trimmed | 389,864 | $34M | 0.3% | 2025-Q4 |
| Blackstone Inc. new | 388,669 | $34M | 0.3% | 2025-Q4 |
| PZENA INVESTMENT MANAGEMENT LLC trimmed | 374,001 | $33M | 0.3% | 2025-Q4 |
| HSBC HOLDINGS PLC added | 362,679 | $32M | 0.3% | 2025-Q4 |
| Woodline Partners LP new | 359,992 | $31M | 0.3% | 2025-Q4 |
| BARCLAYS PLC added | 336,176 | $29M | 0.3% | 2025-Q4 |
| Birnam Oak Advisors, LP new | 333,648 | $29M | 0.3% | 2025-Q4 |
| RHUMBLINE ADVISERS trimmed | 333,400 | $29M | 0.3% | 2025-Q4 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 323,913 | $28M | 0.3% | 2025-Q4 |
| Allianz Asset Management GmbH added | 280,532 | $24M | 0.2% | 2025-Q4 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 274,692 | $24M | 0.2% | 2025-Q4 |
| Slotnik Capital, LLC new | 266,368 | $23M | 0.2% | 2025-Q4 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 264,600 | $23M | 0.2% | 2025-Q4 |
| SG Americas Securities, LLC added | 257,563 | $22M | 0.2% | 2025-Q4 |
| Swiss National Bank trimmed | 251,600 | $22M | 0.2% | 2025-Q4 |
| California Public Employees Retirement System trimmed | 242,183 | $21M | 0.2% | 2025-Q4 |
| STIFEL FINANCIAL CORP trimmed | 241,005 | $21M | 0.2% | 2025-Q4 |
| ALPINE ASSOCIATES MANAGEMENT INC. new | 240,376 | $21M | 0.2% | 2025-Q4 |
| OAKWORTH CAPITAL, INC. trimmed | 237,862 | $21M | 0.2% | 2025-Q4 |
| Bridgewater Associates, LP trimmed | 235,488 | $20M | 0.2% | 2025-Q4 |
| Verition Fund Management LLC added | 231,840 | $20M | 0.2% | 2025-Q4 |
| Legal & General Group Plc trimmed | 222,041 | $19M | 0.2% | 2025-Q4 |
| FIL Ltd trimmed | 220,586 | $19M | 0.2% | 2025-Q4 |
| AMERIPRISE FINANCIAL INC trimmed | 218,801 | $19M | 0.2% | 2025-Q4 |
| Versor Investments LP added | 217,430 | $19M | 0.2% | 2025-Q4 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 211,942 | $18M | 0.2% | 2025-Q4 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 208,627 | $18M | 0.2% | 2025-Q4 |
| PUBLIC SECTOR PENSION INVESTMENT BOARD trimmed | 192,206 | $17M | 0.2% | 2025-Q4 |
| Stieven Capital Advisors, L.P. trimmed | 173,888 | $15M | 0.2% | 2025-Q4 |
| Quantinno Capital Management LP added | 172,884 | $15M | 0.2% | 2025-Q4 |
| Nuveen, LLC trimmed | 168,088 | $15M | 0.1% | 2025-Q4 |
| Amundi added | 163,428 | $14M | 0.1% | 2025-Q4 |
| Retirement Systems of Alabama trimmed | 153,312 | $13M | 0.1% | 2025-Q4 |
| HRT FINANCIAL LP added | 145,600 | $13M | 0.1% | 2025-Q4 |
| MARSHALL WACE, LLP trimmed | 144,700 | $13M | 0.1% | 2025-Q4 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 134,962 | $12M | 0.1% | 2025-Q4 |
| Quarry LP added | 131,826 | $11M | 0.1% | 2025-Q4 |
| North Reef Capital Management LP trimmed | 3,570,000 | $245M | 2.4% | 2025-Q3 stale |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC added | 2,142,841 | $128M | 1.3% | 2025-Q2 stale |
| Azora Capital LP trimmed | 950,917 | $65M | 0.7% | 2025-Q3 stale |
| Artemis Investment Management LLP added | 761,014 | $52M | 0.5% | 2025-Q3 stale |
| Point72 Asset Management, L.P. added | 665,767 | $40M | 0.4% | 2025-Q2 stale |
| Assenagon Asset Management S.A. added | 508,689 | $35M | 0.3% | 2025-Q3 stale |
| Kodai Capital Management LP trimmed | 556,455 | $33M | 0.3% | 2025-Q1 stale |
| Appaloosa LP new | 462,500 | $32M | 0.3% | 2025-Q3 stale |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 448,692 | $31M | 0.3% | 2025-Q3 stale |
| TWO SIGMA ADVISERS, LP trimmed | 306,718 | $21M | 0.2% | 2025-Q3 stale |
| FJ Capital Management LLC added | 331,747 | $20M | 0.2% | 2025-Q1 stale |
| Holocene Advisors, LP added | 282,414 | $17M | 0.2% | 2025-Q1 stale |
| Alyeska Investment Group, L.P. trimmed | 207,450 | $14M | 0.1% | 2025-Q3 stale |
| Eisler Capital Management Ltd. new | 227,500 | $13M | 0.1% | 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.
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.