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Institutional Ownership · SEC Form 13F

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.

696
Institutional holders
257,307,730
Shares held (tracked funds)
98.0%
Of shares outstanding

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).

FundSharesReported value% of valueQuarter
BlackRock, Inc. trimmed25,970,940$1.1B10.0%2026-Q1
RENAISSANCE TECHNOLOGIES LLC trimmed13,726,993$589M5.3%2026-Q1
FARALLON CAPITAL MANAGEMENT LLC trimmed13,111,010$562M5.1%2026-Q1
AQR CAPITAL MANAGEMENT LLC trimmed13,094,276$562M5.0%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new12,085,273$518M4.7%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new11,258,984$483M4.3%2026-Q1
STATE STREET CORP trimmed10,298,439$442M4.0%2026-Q1
FULLER & THALER ASSET MANAGEMENT, INC. added8,542,236$366M3.3%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added7,795,610$334M3.0%2026-Q1
LSV ASSET MANAGEMENT trimmed7,745,715$332M3.0%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed4,834,625$207M1.9%2026-Q1
DIMENSIONAL FUND ADVISORS LP added4,299,597$184M1.7%2026-Q1
MORGAN STANLEY trimmed4,178,236$179M1.6%2026-Q1
Invesco Ltd. trimmed4,131,271$177M1.6%2026-Q1
Nuveen, LLC added3,782,734$162M1.5%2026-Q1
D. E. Shaw & Co., Inc. added3,603,063$155M1.4%2026-Q1
ASSETMARK, INC added3,388,920$145M1.3%2026-Q1
LOS ANGELES CAPITAL MANAGEMENT LLC added3,102,634$133M1.2%2026-Q1
Caisse de depot et placement du Quebec trimmed2,542,819$109M1.0%2026-Q1
FIRST TRUST ADVISORS LP added2,534,992$109M1.0%2026-Q1
Stephens Investment Management Group LLC trimmed2,524,500$108M1.0%2026-Q1
NORGES BANK added2,864,403$106M1.0%2026-Q1
UBS Group AG trimmed2,393,513$103M0.9%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added2,318,236$99M0.9%2026-Q1
FMR LLC added2,214,543$95M0.9%2026-Q1
TWO SIGMA INVESTMENTS, LP added2,206,212$95M0.9%2026-Q1
NORTHERN TRUST CORP added2,195,095$94M0.8%2026-Q1
GOLDMAN SACHS GROUP INC added2,118,574$91M0.8%2026-Q1
Bank of New York Mellon Corp trimmed1,986,035$85M0.8%2026-Q1
Pacer Advisors, Inc. added2,055,817$82M0.7%2026-Q1
Allspring Global Investments Holdings, LLC added1,707,715$75M0.7%2026-Q1
FRANKLIN RESOURCES INC added1,663,917$71M0.6%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed1,644,737$71M0.6%2026-Q1
VANGUARD FIDUCIARY TRUST CO new1,633,700$70M0.6%2026-Q1
SEI INVESTMENTS CO trimmed1,629,670$70M0.6%2026-Q1
Thrivent Financial for Lutherans added1,568,627$67M0.6%2026-Q1
Caligan Partners LP1,553,262$67M0.6%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added1,292,017$55M0.5%2026-Q1
Robeco Institutional Asset Management B.V. trimmed1,289,101$55M0.5%2026-Q1
AMERICAN CENTURY COMPANIES INC trimmed1,272,244$55M0.5%2026-Q1
JANE STREET GROUP, LLC added1,087,030$47M0.4%2026-Q1
RAYMOND JAMES FINANCIAL INC added1,045,595$45M0.4%2026-Q1
AMERIPRISE FINANCIAL INC added999,132$43M0.4%2026-Q1
BNP PARIBAS FINANCIAL MARKETS trimmed973,207$42M0.4%2026-Q1
JUPITER ASSET MANAGEMENT LTD trimmed967,409$41M0.4%2026-Q1
Allianz Asset Management GmbH trimmed954,551$41M0.4%2026-Q1
MILLENNIUM MANAGEMENT LLC added934,809$40M0.4%2026-Q1
Gotham Asset Management, LLC added919,870$39M0.4%2026-Q1
JANUS HENDERSON GROUP PLC added913,802$39M0.4%2026-Q1
FEDERATED HERMES, INC. trimmed912,913$39M0.4%2026-Q1
Retirement Systems of Alabama trimmed869,072$37M0.3%2026-Q1
Swedbank AB841,778$36M0.3%2026-Q1
CITADEL ADVISORS LLC added812,195$35M0.3%2026-Q1
BOOTHBAY FUND MANAGEMENT, LLC trimmed803,866$34M0.3%2026-Q1
JPMORGAN CHASE & CO added810,849$34M0.3%2026-Q1
VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed787,674$34M0.3%2026-Q1
RHUMBLINE ADVISERS added723,931$31M0.3%2026-Q1
SYSTEMATIC FINANCIAL MANAGEMENT LP trimmed709,127$30M0.3%2026-Q1
ROYAL BANK OF CANADA added694,131$30M0.3%2026-Q1
WELLS FARGO & COMPANY/MN added687,304$29M0.3%2026-Q1
Russell Investments Group, Ltd. added624,023$27M0.2%2026-Q1
Pictet Asset Management Holding SA added628,601$26M0.2%2026-Q1
Arbejdsmarkedets Tillaegspension added609,492$26M0.2%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added583,744$25M0.2%2026-Q1
IEQ CAPITAL, LLC trimmed579,541$25M0.2%2026-Q1
California Public Employees Retirement System added555,750$24M0.2%2026-Q1
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. added532,744$23M0.2%2026-Q1
CANADA PENSION PLAN INVESTMENT BOARD trimmed515,900$22M0.2%2026-Q1
SCHRODER INVESTMENT MANAGEMENT GROUP added525,533$22M0.2%2026-Q1
VICTORY CAPITAL MANAGEMENT INC added513,331$22M0.2%2026-Q1
Man Group plc trimmed511,004$22M0.2%2026-Q1
Swiss National Bank504,300$22M0.2%2026-Q1
BARCLAYS PLC trimmed504,289$22M0.2%2026-Q1
EULAV Asset Management trimmed492,043$21M0.2%2026-Q1
Universal- Beteiligungs- und Servicegesellschaft mbH trimmed489,382$21M0.2%2026-Q1
Woodline Partners LP added485,408$21M0.2%2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added483,229$21M0.2%2026-Q1
Bridgewater Associates, LP trimmed480,996$21M0.2%2026-Q1
CAPITAL FUND MANAGEMENT S.A. trimmed479,693$21M0.2%2026-Q1
PRUDENTIAL FINANCIAL INC added463,825$20M0.2%2026-Q1
HRT FINANCIAL LP added460,585$20M0.2%2026-Q1
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed438,000$19M0.2%2026-Q1
DekaBank Deutsche Girozentrale429,690$19M0.2%2026-Q1
JACOBS LEVY EQUITY MANAGEMENT, INC trimmed425,982$18M0.2%2026-Q1
Krensavage Asset Management, LLC trimmed415,693$18M0.2%2026-Q1
South Street Advisors LLC trimmed403,938$17M0.2%2026-Q1
INTECH INVESTMENT MANAGEMENT LLC added401,748$17M0.2%2026-Q1
LPL Financial LLC added399,612$17M0.2%2026-Q1
Legal & General Group Plc trimmed395,298$17M0.2%2026-Q1
Trexquant Investment LP added390,818$17M0.2%2026-Q1
Tidal Investments LLC added382,343$16M0.1%2026-Q1
LAZARD ASSET MANAGEMENT LLC added372,600$16M0.1%2026-Q1
NFJ INVESTMENT GROUP, LLC367,111$16M0.1%2026-Q1
Livforsakringsbolaget Skandia, Omsesidigt trimmed241,103$16M0.1%2026-Q1
BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed360,201$15M0.1%2026-Q1
VANGUARD GROUP INC trimmed25,092,432$1.1B9.9%2025-Q4 stale
Point72 Asset Management, L.P. added855,980$38M0.3%2025-Q4 stale
AXA Investment Managers S.A. new494,201$20M0.2%2025-Q3 stale
AXA S.A. added389,646$17M0.2%2025-Q2 stale
Brandywine Global Investment Management, LLC added376,229$16M0.1%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.

HoldersTotal shares

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.

Learn how to read institutional ownership