Who owns EXEL (EXEL)
Which tracked institutional funds hold EXEL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See EXEL 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
148 tracked funds added or opened EXEL while 162 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
EXEL’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 EXEL more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in EXEL 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 696 tracked filers holding EXEL, 350 increased or opened the position and 350 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
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 EXEL 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 38
- VANGUARD PORTFOLIO MANAGEMENT LLC$518M
- VANGUARD CAPITAL MANAGEMENT LLC$483M
- VANGUARD FIDUCIARY TRUST CO$70M
- MARSHALL WACE, LLP$13M
- NORDEN GROUP LLC$10M
- VANGUARD ASSET MANAGEMENT, Ltd$10M
Full exits 28
- VANGUARD GROUP INC$1.1B
- Point72 Asset Management, L.P.$38M
- Brandywine Global Investment Management, LLC$16M
- MERITAGE PORTFOLIO MANAGEMENT$13M
- TWO SIGMA ADVISERS, LP$10M
- NAVELLIER & ASSOCIATES INC$8M
Largest adds
- LOS ANGELES CAPITAL MANAGEMENT LLC$89M
- TWO SIGMA INVESTMENTS, LP$83M
- D. E. Shaw & Co., Inc.$73M
- Nuveen, LLC$56M
- FIRST TRUST ADVISORS LP$40M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$27M
Largest trims
- BlackRock, Inc.$210M
- FARALLON CAPITAL MANAGEMENT LLC$126M
- Invesco Ltd.$88M
- UBS Group AG$60M
- Qube Research & Technologies Ltd$59M
- JUPITER ASSET MANAGEMENT LTD$48M
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 | 25,970,940 | $1.1B | 10.0% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 13,726,993 | $589M | 5.3% | 2026-Q1 |
| FARALLON CAPITAL MANAGEMENT LLC trimmed | 13,111,010 | $562M | 5.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 13,094,276 | $562M | 5.0% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 12,085,273 | $518M | 4.7% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 11,258,984 | $483M | 4.3% | 2026-Q1 |
| STATE STREET CORP trimmed | 10,298,439 | $442M | 4.0% | 2026-Q1 |
| FULLER & THALER ASSET MANAGEMENT, INC. added | 8,542,236 | $366M | 3.3% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 7,795,610 | $334M | 3.0% | 2026-Q1 |
| LSV ASSET MANAGEMENT trimmed | 7,745,715 | $332M | 3.0% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 4,834,625 | $207M | 1.9% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 4,299,597 | $184M | 1.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 4,178,236 | $179M | 1.6% | 2026-Q1 |
| Invesco Ltd. trimmed | 4,131,271 | $177M | 1.6% | 2026-Q1 |
| Nuveen, LLC added | 3,782,734 | $162M | 1.5% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 3,603,063 | $155M | 1.4% | 2026-Q1 |
| ASSETMARK, INC added | 3,388,920 | $145M | 1.3% | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 3,102,634 | $133M | 1.2% | 2026-Q1 |
| Caisse de depot et placement du Quebec trimmed | 2,542,819 | $109M | 1.0% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 2,534,992 | $109M | 1.0% | 2026-Q1 |
| Stephens Investment Management Group LLC trimmed | 2,524,500 | $108M | 1.0% | 2026-Q1 |
| NORGES BANK added | 2,864,403 | $106M | 1.0% | 2026-Q1 |
| UBS Group AG trimmed | 2,393,513 | $103M | 0.9% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,318,236 | $99M | 0.9% | 2026-Q1 |
| FMR LLC added | 2,214,543 | $95M | 0.9% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 2,206,212 | $95M | 0.9% | 2026-Q1 |
| NORTHERN TRUST CORP added | 2,195,095 | $94M | 0.8% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 2,118,574 | $91M | 0.8% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,986,035 | $85M | 0.8% | 2026-Q1 |
| Pacer Advisors, Inc. added | 2,055,817 | $82M | 0.7% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 1,707,715 | $75M | 0.7% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,663,917 | $71M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,644,737 | $71M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 1,633,700 | $70M | 0.6% | 2026-Q1 |
| SEI INVESTMENTS CO trimmed | 1,629,670 | $70M | 0.6% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 1,568,627 | $67M | 0.6% | 2026-Q1 |
| Caligan Partners LP | 1,553,262 | $67M | 0.6% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 1,292,017 | $55M | 0.5% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. trimmed | 1,289,101 | $55M | 0.5% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 1,272,244 | $55M | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 1,087,030 | $47M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,045,595 | $45M | 0.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 999,132 | $43M | 0.4% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 973,207 | $42M | 0.4% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD trimmed | 967,409 | $41M | 0.4% | 2026-Q1 |
| Allianz Asset Management GmbH trimmed | 954,551 | $41M | 0.4% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 934,809 | $40M | 0.4% | 2026-Q1 |
| Gotham Asset Management, LLC added | 919,870 | $39M | 0.4% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC added | 913,802 | $39M | 0.4% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 912,913 | $39M | 0.4% | 2026-Q1 |
| Retirement Systems of Alabama trimmed | 869,072 | $37M | 0.3% | 2026-Q1 |
| Swedbank AB | 841,778 | $36M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 812,195 | $35M | 0.3% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 803,866 | $34M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 810,849 | $34M | 0.3% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 787,674 | $34M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 723,931 | $31M | 0.3% | 2026-Q1 |
| SYSTEMATIC FINANCIAL MANAGEMENT LP trimmed | 709,127 | $30M | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 694,131 | $30M | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 687,304 | $29M | 0.3% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 624,023 | $27M | 0.2% | 2026-Q1 |
| Pictet Asset Management Holding SA added | 628,601 | $26M | 0.2% | 2026-Q1 |
| Arbejdsmarkedets Tillaegspension added | 609,492 | $26M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 583,744 | $25M | 0.2% | 2026-Q1 |
| IEQ CAPITAL, LLC trimmed | 579,541 | $25M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 555,750 | $24M | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. added | 532,744 | $23M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 515,900 | $22M | 0.2% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 525,533 | $22M | 0.2% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 513,331 | $22M | 0.2% | 2026-Q1 |
| Man Group plc trimmed | 511,004 | $22M | 0.2% | 2026-Q1 |
| Swiss National Bank | 504,300 | $22M | 0.2% | 2026-Q1 |
| BARCLAYS PLC trimmed | 504,289 | $22M | 0.2% | 2026-Q1 |
| EULAV Asset Management trimmed | 492,043 | $21M | 0.2% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH trimmed | 489,382 | $21M | 0.2% | 2026-Q1 |
| Woodline Partners LP added | 485,408 | $21M | 0.2% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 483,229 | $21M | 0.2% | 2026-Q1 |
| Bridgewater Associates, LP trimmed | 480,996 | $21M | 0.2% | 2026-Q1 |
| CAPITAL FUND MANAGEMENT S.A. trimmed | 479,693 | $21M | 0.2% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 463,825 | $20M | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP added | 460,585 | $20M | 0.2% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 438,000 | $19M | 0.2% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 429,690 | $19M | 0.2% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 425,982 | $18M | 0.2% | 2026-Q1 |
| Krensavage Asset Management, LLC trimmed | 415,693 | $18M | 0.2% | 2026-Q1 |
| South Street Advisors LLC trimmed | 403,938 | $17M | 0.2% | 2026-Q1 |
| INTECH INVESTMENT MANAGEMENT LLC added | 401,748 | $17M | 0.2% | 2026-Q1 |
| LPL Financial LLC added | 399,612 | $17M | 0.2% | 2026-Q1 |
| Legal & General Group Plc trimmed | 395,298 | $17M | 0.2% | 2026-Q1 |
| Trexquant Investment LP added | 390,818 | $17M | 0.2% | 2026-Q1 |
| Tidal Investments LLC added | 382,343 | $16M | 0.1% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 372,600 | $16M | 0.1% | 2026-Q1 |
| NFJ INVESTMENT GROUP, LLC | 367,111 | $16M | 0.1% | 2026-Q1 |
| Livforsakringsbolaget Skandia, Omsesidigt trimmed | 241,103 | $16M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed | 360,201 | $15M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 25,092,432 | $1.1B | 9.9% | 2025-Q4 stale |
| Point72 Asset Management, L.P. added | 855,980 | $38M | 0.3% | 2025-Q4 stale |
| AXA Investment Managers S.A. new | 494,201 | $20M | 0.2% | 2025-Q3 stale |
| AXA S.A. added | 389,646 | $17M | 0.2% | 2025-Q2 stale |
| Brandywine Global Investment Management, LLC added | 376,229 | $16M | 0.1% | 2025-Q4 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.