Who owns ED (ED)
Which tracked institutional funds hold ED, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ED 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 ED is one-sided between 2025-Q4 and 2026-Q1: 416 added or opened and 114 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
ED’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes ED more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in ED 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 1411 tracked filers holding ED, 738 increased or opened the position and 526 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 ED 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 44
- VANGUARD CAPITAL MANAGEMENT LLC$2.7B
- VANGUARD PORTFOLIO MANAGEMENT LLC$2.1B
- VANGUARD FIDUCIARY TRUST CO$230M
- Vanguard Global Advisers, LLC$90M
- VANGUARD ASSET MANAGEMENT, Ltd$78M
- Vanguard Investments Australia, Ltd.$40M
Full exits 39
- VANGUARD GROUP INC$4.5B
- CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC$50M
- TUDOR INVESTMENT CORP ET AL$50M
- VIRGINIA RETIREMENT SYSTEMS ET Al$34M
- DJE Kapital AG$15M
- CIBC Private Wealth Group LLC$11M
Largest adds
- STATE STREET CORP$342M
- DEUTSCHE BANK AG\$297M
- Amundi$207M
- LAZARD ASSET MANAGEMENT LLC$188M
- GEODE CAPITAL MANAGEMENT, LLC$176M
- JPMORGAN CHASE & CO$129M
Largest trims
- Assenagon Asset Management S.A.$72M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$65M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$39M
- MARSHALL WACE, LLP$37M
- ADAGE CAPITAL PARTNERS GP, L.L.C.$36M
- BALYASNY ASSET MANAGEMENT L.P.$33M
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 | 34,916,099 | $4.0B | 12.8% | 2026-Q1 |
| STATE STREET CORP trimmed | 24,879,928 | $2.8B | 9.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 23,498,347 | $2.7B | 8.6% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 18,641,984 | $2.1B | 6.8% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 10,322,025 | $1.2B | 3.8% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 7,075,838 | $801M | 2.6% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 5,797,582 | $656M | 2.1% | 2026-Q1 |
| MORGAN STANLEY trimmed | 5,359,232 | $607M | 2.0% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 5,199,594 | $588M | 1.9% | 2026-Q1 |
| Legal & General Group Plc added | 4,541,000 | $514M | 1.7% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 4,494,672 | $509M | 1.7% | 2026-Q1 |
| NORGES BANK trimmed | 4,208,455 | $465M | 1.5% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 3,930,915 | $445M | 1.4% | 2026-Q1 |
| Amundi added | 3,872,404 | $438M | 1.4% | 2026-Q1 |
| Invesco Ltd. trimmed | 3,477,031 | $394M | 1.3% | 2026-Q1 |
| ATLAS Infrastructure Partners (UK) Ltd. added | 3,047,519 | $345M | 1.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 2,933,810 | $332M | 1.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 2,622,477 | $297M | 1.0% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 2,557,470 | $286M | 0.9% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,477,671 | $280M | 0.9% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 2,137,151 | $242M | 0.8% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 2,031,527 | $230M | 0.7% | 2026-Q1 |
| ProShare Advisors LLC added | 1,690,803 | $191M | 0.6% | 2026-Q1 |
| FMR LLC added | 1,671,333 | $189M | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 1,660,514 | $188M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,590,225 | $180M | 0.6% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. added | 1,561,608 | $177M | 0.6% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,532,584 | $173M | 0.6% | 2026-Q1 |
| UBS Group AG added | 1,527,501 | $173M | 0.6% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 1,447,524 | $164M | 0.5% | 2026-Q1 |
| PFA Pension, Forsikringsaktieselskab added | 1,235,992 | $140M | 0.5% | 2026-Q1 |
| Nuveen, LLC added | 1,218,212 | $138M | 0.4% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 1,087,843 | $123M | 0.4% | 2026-Q1 |
| Swiss National Bank added | 1,059,300 | $120M | 0.4% | 2026-Q1 |
| Allianz Asset Management GmbH added | 1,023,910 | $116M | 0.4% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 947,533 | $107M | 0.3% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 941,617 | $107M | 0.3% | 2026-Q1 |
| PANAGORA ASSET MANAGEMENT INC trimmed | 937,282 | $106M | 0.3% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 894,916 | $101M | 0.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 867,359 | $98M | 0.3% | 2026-Q1 |
| LPL Financial LLC trimmed | 849,865 | $96M | 0.3% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 846,000 | $96M | 0.3% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 822,143 | $93M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 792,726 | $90M | 0.3% | 2026-Q1 |
| Quantinno Capital Management LP added | 790,832 | $90M | 0.3% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 786,399 | $89M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 759,771 | $86M | 0.3% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 743,954 | $84M | 0.3% | 2026-Q1 |
| ASSETMARK, INC trimmed | 698,131 | $79M | 0.3% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 692,584 | $78M | 0.3% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 685,949 | $78M | 0.3% | 2026-Q1 |
| BARCLAYS PLC trimmed | 680,670 | $77M | 0.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 664,680 | $75M | 0.2% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 644,586 | $73M | 0.2% | 2026-Q1 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS trimmed | 639,705 | $72M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 637,065 | $72M | 0.2% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 630,152 | $71M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD | 602,421 | $68M | 0.2% | 2026-Q1 |
| DANSKE BANK A/S added | 597,173 | $68M | 0.2% | 2026-Q1 |
| AVIVA PLC added | 568,201 | $64M | 0.2% | 2026-Q1 |
| National Pension Service added | 560,863 | $63M | 0.2% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 537,001 | $61M | 0.2% | 2026-Q1 |
| Aberdeen Group plc added | 536,662 | $61M | 0.2% | 2026-Q1 |
| Welch Group, LLC added | 529,096 | $60M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 524,823 | $59M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 523,930 | $59M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 521,630 | $59M | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT CO LTD added | 512,443 | $58M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC trimmed | 510,878 | $58M | 0.2% | 2026-Q1 |
| Vest Financial, LLC added | 498,694 | $56M | 0.2% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 496,000 | $56M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 492,403 | $56M | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 492,155 | $56M | 0.2% | 2026-Q1 |
| Newport Trust Company, LLC trimmed | 480,171 | $54M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 532,012 | $53M | 0.2% | 2026-Q1 |
| NORDEA INVESTMENT MANAGEMENT AB added | 433,562 | $49M | 0.2% | 2026-Q1 |
| CAPITAL FUND MANAGEMENT S.A. added | 421,349 | $48M | 0.2% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 424,940 | $47M | 0.2% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 409,262 | $46M | 0.2% | 2026-Q1 |
| ROYAL LONDON ASSET MANAGEMENT LTD | 392,139 | $44M | 0.1% | 2026-Q1 |
| Pictet Asset Management Holding SA added | 391,827 | $44M | 0.1% | 2026-Q1 |
| Magellan Asset Management Ltd added | 390,866 | $44M | 0.1% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 387,240 | $44M | 0.1% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 368,536 | $42M | 0.1% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 368,308 | $42M | 0.1% | 2026-Q1 |
| Eurizon Capital SGR S.p.A. added | 362,357 | $41M | 0.1% | 2026-Q1 |
| TD Asset Management Inc trimmed | 358,888 | $41M | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 355,538 | $40M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 350,916 | $40M | 0.1% | 2026-Q1 |
| Mitsubishi UFJ Trust & Banking Corp added | 349,316 | $40M | 0.1% | 2026-Q1 |
| APG Asset Management N.V. trimmed | 398,836 | $39M | 0.1% | 2026-Q1 |
| Maryland State Retirement & Pension System trimmed | 343,781 | $39M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 45,636,041 | $4.5B | 14.7% | 2025-Q4 stale |
| Clean Energy Transition LLP added | 764,387 | $77M | 0.2% | 2025-Q3 stale |
| Aventail Capital Group, LP added | 464,156 | $51M | 0.2% | 2025-Q1 stale |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC added | 508,222 | $50M | 0.2% | 2025-Q4 stale |
| TUDOR INVESTMENT CORP ET AL | 499,313 | $50M | 0.2% | 2025-Q4 stale |
| JUPITER ASSET MANAGEMENT LTD added | 455,028 | $46M | 0.1% | 2025-Q2 stale |
| Burkehill Global Management, LP trimmed | 400,000 | $44M | 0.1% | 2025-Q1 stale |
| Cubist Systematic Strategies, LLC added | 395,728 | $40M | 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.