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-Q1 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 DOW is one-sided between 2025-Q4 and 2026-Q1: 582 added or opened and 87 trimmed or exited — on balance accumulating.
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, VANGUARD GROUP 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 2025-Q4 and 2026-Q1, across 1298 tracked filers holding DOW, 725 increased or opened the position and 513 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 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 90
- VANGUARD CAPITAL MANAGEMENT LLC$1.9B
- VANGUARD PORTFOLIO MANAGEMENT LLC$1.4B
- Capital World Investors$296M
- Artemis Investment Management LLP$198M
- VANGUARD FIDUCIARY TRUST CO$168M
- Electron Capital Partners, LLC$80M
Full exits 45
- VANGUARD GROUP INC$2.0B
- TWO SIGMA ADVISERS, LP$84M
- RENAISSANCE TECHNOLOGIES LLC$35M
- Woodline Partners LP$25M
- NAN FUNG TRINITY (HK) LTD$18M
- MASTERS CAPITAL MANAGEMENT LLC$16M
Largest adds
- STATE STREET CORP$647M
- BlackRock, Inc.$461M
- AQR CAPITAL MANAGEMENT LLC$403M
- GEODE CAPITAL MANAGEMENT, LLC$348M
- FMR LLC$186M
- MARSHALL WACE, LLP$177M
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$863M
- CANADA PENSION PLAN INVESTMENT BOARD$64M
- JANE STREET GROUP, LLC$64M
- Squarepoint Ops LLC$39M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$30M
- Connor, Clark & Lunn Investment Management Ltd.$24M
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 |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC new | 46,193,815 | $1.9B | 9.3% | 2026-Q1 |
| BlackRock, Inc. trimmed | 40,547,092 | $1.7B | 8.2% | 2026-Q1 |
| STATE STREET CORP added | 35,113,389 | $1.5B | 7.1% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 32,835,529 | $1.4B | 6.6% | 2026-Q1 |
| PZENA INVESTMENT MANAGEMENT LLC trimmed | 18,947,602 | $789M | 3.8% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 18,778,309 | $779M | 3.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 13,976,737 | $582M | 2.8% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 10,312,647 | $430M | 2.1% | 2026-Q1 |
| Invesco Ltd. trimmed | 9,378,059 | $391M | 1.9% | 2026-Q1 |
| Capital Research Global Investors trimmed | 9,146,090 | $381M | 1.8% | 2026-Q1 |
| FMR LLC added | 8,092,784 | $337M | 1.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 7,809,221 | $325M | 1.6% | 2026-Q1 |
| Capital World Investors added | 7,103,018 | $296M | 1.4% | 2026-Q1 |
| NORTHERN TRUST CORP added | 6,707,541 | $279M | 1.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 6,234,552 | $260M | 1.3% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 6,035,419 | $251M | 1.2% | 2026-Q1 |
| NORGES BANK trimmed | 6,935,604 | $242M | 1.2% | 2026-Q1 |
| MARSHALL WACE, LLP added | 5,732,237 | $239M | 1.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 5,604,589 | $233M | 1.1% | 2026-Q1 |
| Holocene Advisors, LP added | 5,120,568 | $213M | 1.0% | 2026-Q1 |
| UBS Group AG added | 4,966,744 | $207M | 1.0% | 2026-Q1 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 4,816,352 | $201M | 1.0% | 2026-Q1 |
| Artemis Investment Management LLP added | 4,749,460 | $198M | 1.0% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 4,505,377 | $188M | 0.9% | 2026-Q1 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 4,354,562 | $181M | 0.9% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 4,220,129 | $176M | 0.9% | 2026-Q1 |
| Bank of New York Mellon Corp added | 4,133,856 | $172M | 0.8% | 2026-Q1 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 4,128,609 | $172M | 0.8% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 4,082,982 | $170M | 0.8% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 4,029,867 | $168M | 0.8% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 3,630,786 | $151M | 0.7% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC added | 3,384,551 | $141M | 0.7% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 3,197,605 | $134M | 0.6% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 3,125,261 | $130M | 0.6% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 3,120,149 | $130M | 0.6% | 2026-Q1 |
| Legal & General Group Plc trimmed | 2,982,790 | $124M | 0.6% | 2026-Q1 |
| Cullen Capital Management, LLC added | 2,563,614 | $107M | 0.5% | 2026-Q1 |
| Empower Advisory Group, LLC added | 2,466,005 | $103M | 0.5% | 2026-Q1 |
| BARCLAYS PLC added | 2,349,010 | $98M | 0.5% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 2,326,561 | $97M | 0.5% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 2,240,259 | $93M | 0.5% | 2026-Q1 |
| Swiss National Bank added | 2,085,850 | $87M | 0.4% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 1,978,149 | $82M | 0.4% | 2026-Q1 |
| Electron Capital Partners, LLC new | 1,917,631 | $80M | 0.4% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 1,902,501 | $79M | 0.4% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 1,885,843 | $79M | 0.4% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC added | 1,870,348 | $78M | 0.4% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 1,771,379 | $74M | 0.4% | 2026-Q1 |
| Nuveen, LLC trimmed | 1,758,885 | $73M | 0.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,723,464 | $72M | 0.3% | 2026-Q1 |
| Auto-Owners Insurance Co trimmed | 1,611,000 | $67M | 0.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 1,607,613 | $67M | 0.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 1,581,419 | $66M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 1,565,463 | $65M | 0.3% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 1,514,387 | $63M | 0.3% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 1,486,689 | $62M | 0.3% | 2026-Q1 |
| Amundi trimmed | 1,473,716 | $61M | 0.3% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 1,447,649 | $60M | 0.3% | 2026-Q1 |
| JENNISON ASSOCIATES LLC added | 1,386,562 | $58M | 0.3% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 1,335,433 | $56M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 1,286,673 | $54M | 0.3% | 2026-Q1 |
| Eurizon Capital SGR S.p.A. added | 1,281,611 | $53M | 0.3% | 2026-Q1 |
| Man Group plc added | 1,277,495 | $53M | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 1,240,605 | $52M | 0.3% | 2026-Q1 |
| NORDEA INVESTMENT MANAGEMENT AB added | 1,198,621 | $51M | 0.2% | 2026-Q1 |
| M&T Bank Corp added | 1,217,252 | $51M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 1,207,373 | $50M | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,180,027 | $49M | 0.2% | 2026-Q1 |
| Advisors Capital Management, LLC added | 1,147,656 | $48M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC added | 1,143,200 | $48M | 0.2% | 2026-Q1 |
| LPL Financial LLC trimmed | 1,137,482 | $47M | 0.2% | 2026-Q1 |
| SAMLYN CAPITAL, LLC new | 1,135,045 | $47M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,133,970 | $47M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 1,117,000 | $47M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 1,045,611 | $44M | 0.2% | 2026-Q1 |
| Korea Investment CORP added | 1,036,992 | $43M | 0.2% | 2026-Q1 |
| FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC added | 965,424 | $40M | 0.2% | 2026-Q1 |
| CITIGROUP INC trimmed | 964,510 | $40M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 959,020 | $40M | 0.2% | 2026-Q1 |
| Susquehanna Portfolio Strategies, LLC added | 956,288 | $40M | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 952,093 | $40M | 0.2% | 2026-Q1 |
| Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. new | 948,919 | $40M | 0.2% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 929,749 | $39M | 0.2% | 2026-Q1 |
| Assenagon Asset Management S.A. added | 911,383 | $38M | 0.2% | 2026-Q1 |
| PointState Capital LP added | 902,960 | $38M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 888,559 | $37M | 0.2% | 2026-Q1 |
| Swiss Life Asset Management Ltd trimmed | 829,481 | $35M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 818,611 | $34M | 0.2% | 2026-Q1 |
| CapWealth Advisors, LLC trimmed | 810,412 | $34M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 799,028 | $33M | 0.2% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 730,661 | $30M | 0.1% | 2026-Q1 |
| ARGA Investment Management, LP added | 729,463 | $30M | 0.1% | 2026-Q1 |
| ALPS ADVISORS INC trimmed | 719,348 | $30M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 84,921,933 | $2.0B | 9.6% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP added | 3,611,200 | $84M | 0.4% | 2025-Q4 stale |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 1,831,444 | $64M | 0.3% | 2025-Q1 stale |
| Slate Path Capital LP new | 2,465,500 | $57M | 0.3% | 2025-Q3 stale |
| RENAISSANCE TECHNOLOGIES LLC added | 1,478,500 | $35M | 0.2% | 2025-Q4 stale |
| Ceredex Value Advisors LLC added | 1,237,453 | $33M | 0.2% | 2025-Q2 stale |
| Epoch Investment Partners, Inc. trimmed | 1,165,177 | $31M | 0.1% | 2025-Q2 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.