Who owns Dow (DOW)
Which tracked institutional funds hold DOW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See DOW 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
The tracked-fund tape on DOW is one-sided between 2026-Q1 and 2026-Q2: 122 added or opened and 526 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
DOW’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 DOW more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in DOW 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 1132 tracked filers holding DOW, 520 increased or opened the position and 746 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 DOW 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 53
- Qube Research & Technologies Ltd$188M
- RENAISSANCE TECHNOLOGIES LLC$79M
- Caisse de depot et placement du Quebec$28M
- Robeco Institutional Asset Management B.V.$22M
- Impala Asset Management LLC$17M
- PFA Pension, Forsikringsaktieselskab$11M
Full exits 115
- Capital Research Global Investors$381M
- Holocene Advisors, LP$213M
- Artemis Investment Management LLP$198M
- Electron Capital Partners, LLC$80M
- Amundi$61M
- JENNISON ASSOCIATES LLC$58M
Largest adds
- TWO SIGMA INVESTMENTS, LP$301M
- Capital World Investors$135M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$94M
- D. E. Shaw & Co., Inc.$70M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$37M
- National Pension Service$35M
Largest trims
- VANGUARD CAPITAL MANAGEMENT LLC$637M
- PZENA INVESTMENT MANAGEMENT LLC$447M
- STATE STREET CORP$426M
- VANGUARD PORTFOLIO MANAGEMENT LLC$413M
- GEODE CAPITAL MANAGEMENT, LLC$254M
- MORGAN STANLEY$169M
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 |
|---|---|---|---|---|
| BlackRock, Inc. added | 61,742,580 | $1.7B | 12.3% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 47,031,008 | $1.3B | 9.4% | 2026-Q2 |
| STATE STREET CORP added | 37,869,410 | $1.0B | 7.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 34,887,097 | $955M | 7.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 19,281,367 | $525M | 3.8% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 17,873,366 | $489M | 3.6% | 2026-Q2 |
| Capital World Investors added | 15,744,500 | $431M | 3.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 15,698,239 | $430M | 3.1% | 2026-Q2 |
| MORGAN STANLEY added | 15,099,766 | $413M | 3.0% | 2026-Q2 |
| PZENA INVESTMENT MANAGEMENT LLC trimmed | 12,507,011 | $342M | 2.5% | 2026-Q2 |
| Invesco Ltd. added | 9,669,204 | $265M | 1.9% | 2026-Q2 |
| FMR LLC added | 9,383,872 | $257M | 1.9% | 2026-Q2 |
| NORGES BANK added | 9,303,665 | $255M | 1.9% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 8,825,633 | $241M | 1.8% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 7,851,245 | $215M | 1.6% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 7,313,258 | $200M | 1.5% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 6,879,031 | $188M | 1.4% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 6,612,409 | $181M | 1.3% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 6,442,341 | $176M | 1.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 6,147,792 | $168M | 1.2% | 2026-Q2 |
| UBS Group AG added | 5,873,170 | $161M | 1.2% | 2026-Q2 |
| MARSHALL WACE, LLP added | 5,821,255 | $159M | 1.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC trimmed | 5,255,328 | $144M | 1.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 5,040,407 | $138M | 1.0% | 2026-Q2 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 4,816,352 | $132M | 1.0% | 2026-Q2 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 4,780,745 | $131M | 1.0% | 2026-Q2 |
| BARCLAYS PLC added | 4,187,379 | $115M | 0.8% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 4,071,484 | $111M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 4,064,697 | $111M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 4,048,365 | $111M | 0.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 3,860,535 | $106M | 0.8% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 3,528,821 | $97M | 0.7% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 3,155,699 | $86M | 0.6% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 3,127,291 | $87M | 0.6% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 2,895,600 | $79M | 0.6% | 2026-Q2 |
| Legal & General Group Plc trimmed | 2,742,944 | $75M | 0.5% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 2,566,513 | $70M | 0.5% | 2026-Q2 |
| Empower Advisory Group, LLC added | 2,509,483 | $69M | 0.5% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 2,256,837 | $62M | 0.5% | 2026-Q2 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 2,251,432 | $62M | 0.4% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 2,046,171 | $56M | 0.4% | 2026-Q2 |
| Swiss National Bank trimmed | 2,030,850 | $56M | 0.4% | 2026-Q2 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 1,850,660 | $51M | 0.4% | 2026-Q2 |
| Nuveen, LLC added | 1,834,927 | $50M | 0.4% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 1,765,739 | $48M | 0.4% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 1,664,476 | $46M | 0.3% | 2026-Q2 |
| Cullen Capital Management, LLC trimmed | 1,660,870 | $45M | 0.3% | 2026-Q2 |
| Man Group plc added | 1,616,442 | $44M | 0.3% | 2026-Q2 |
| Auto-Owners Insurance Co | 1,611,000 | $44M | 0.3% | 2026-Q2 |
| Jump Financial, LLC added | 1,583,556 | $43M | 0.3% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 1,575,129 | $43M | 0.3% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 1,524,592 | $42M | 0.3% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 1,512,845 | $41M | 0.3% | 2026-Q2 |
| CITIGROUP INC added | 1,495,271 | $41M | 0.3% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 1,489,515 | $41M | 0.3% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 1,420,060 | $39M | 0.3% | 2026-Q2 |
| NORDEA INVESTMENT MANAGEMENT AB added | 1,360,497 | $37M | 0.3% | 2026-Q2 |
| National Pension Service added | 1,336,921 | $37M | 0.3% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 1,318,163 | $36M | 0.3% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 1,300,251 | $36M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 1,287,802 | $35M | 0.3% | 2026-Q2 |
| California Public Employees Retirement System added | 1,201,466 | $33M | 0.2% | 2026-Q2 |
| M&T Bank Corp trimmed | 1,188,750 | $33M | 0.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 1,164,295 | $32M | 0.2% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,120,171 | $31M | 0.2% | 2026-Q2 |
| LPL Financial LLC trimmed | 1,100,027 | $30M | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 1,095,799 | $30M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 1,063,323 | $29M | 0.2% | 2026-Q2 |
| Trexquant Investment LP added | 1,009,715 | $28M | 0.2% | 2026-Q2 |
| Caisse de depot et placement du Quebec added | 1,008,955 | $28M | 0.2% | 2026-Q2 |
| Squarepoint Ops LLC added | 999,597 | $27M | 0.2% | 2026-Q2 |
| FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC | 965,424 | $26M | 0.2% | 2026-Q2 |
| STOREBRAND ASSET MANAGEMENT AS added | 951,281 | $26M | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 935,652 | $26M | 0.2% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 934,504 | $26M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 929,175 | $39M | 0.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 904,580 | $25M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 892,462 | $24M | 0.2% | 2026-Q2 |
| Pictet Asset Management Holding SA added | 872,891 | $24M | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 870,627 | $24M | 0.2% | 2026-Q2 |
| ALPS ADVISORS INC added | 836,494 | $23M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 836,382 | $23M | 0.2% | 2026-Q2 |
| Susquehanna Portfolio Strategies, LLC trimmed | 831,314 | $23M | 0.2% | 2026-Q2 |
| CapWealth Advisors, LLC added | 823,587 | $23M | 0.2% | 2026-Q2 |
| Swiss Life Asset Management Ltd trimmed | 804,651 | $22M | 0.2% | 2026-Q2 |
| Robeco Institutional Asset Management B.V. added | 794,323 | $22M | 0.2% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 786,404 | $22M | 0.2% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 736,340 | $20M | 0.1% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. added | 718,882 | $20M | 0.1% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 709,446 | $19M | 0.1% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 692,680 | $19M | 0.1% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 689,779 | $19M | 0.1% | 2026-Q2 |
| Mariner, LLC added | 688,085 | $19M | 0.1% | 2026-Q2 |
| Korea Investment CORP trimmed | 667,324 | $18M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 661,200 | $18M | 0.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 646,163 | $18M | 0.1% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 642,400 | $18M | 0.1% | 2026-Q2 |
| AVIVA PLC added | 628,928 | $17M | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 602,047 | $16M | 0.1% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 579,613 | $16M | 0.1% | 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.