Who owns FER
Which tracked institutional funds hold FER, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FER 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
126 tracked funds added or opened FER while 64 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
FER’s largest tracked holder by dollar value, TCI FUND MANAGEMENT LTD, sizes it at 2.7% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 2.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FER 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 321 tracked filers holding FER, 197 increased or opened the position and 147 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 FER 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 19
- ONTARIO TEACHERS PENSION PLAN BOARD$148M
- Jupiter Topco LLC$20M
- DIMENSIONAL FUND ADVISORS LP$10M
- NISSAY ASSET MANAGEMENT CORP /JAPAN$8M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$8M
- TUDOR INVESTMENT CORP ET AL$7M
Full exits 24
- Amundi$995M
- Bank of Italy$170M
- DekaBank Deutsche Girozentrale$105M
- DNCA FINANCE$37M
- ACADIAN ASSET MANAGEMENT LLC$36M
- Thrivent Financial for Lutherans$24M
Largest adds
- Invesco Ltd.$377M
- UBS Group AG$312M
- GOLDMAN SACHS GROUP INC$205M
- NORGES BANK$202M
- LAZARD ASSET MANAGEMENT LLC$185M
- CITIGROUP INC$178M
Largest trims
- FIL Ltd$192M
- BANK OF AMERICA CORP /DE/$135M
- DEUTSCHE BANK AG\$71M
- Clearbridge Investments, LLC$36M
- ProShare Advisors LLC$13M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$12M
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 |
|---|---|---|---|---|
| TCI FUND MANAGEMENT LTD added | 20,940,441 | $1.4B | 9.8% | 2026-Q2 |
| Invesco Ltd. added | 19,812,716 | $1.4B | 9.3% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 14,820,723 | $1.0B | 6.9% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 13,649,890 | $936M | 6.4% | 2026-Q2 |
| UBS Group AG added | 10,902,290 | $748M | 5.1% | 2026-Q2 |
| Banco Santander, S.A. added | 9,814,016 | $673M | 4.6% | 2026-Q2 |
| NORGES BANK trimmed | 9,191,762 | $630M | 4.3% | 2026-Q2 |
| BARCLAYS PLC added | 8,314,226 | $570M | 3.9% | 2026-Q2 |
| CITIGROUP INC added | 8,162,738 | $560M | 3.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 8,127,586 | $558M | 3.8% | 2026-Q2 |
| FMR LLC added | 7,540,795 | $517M | 3.5% | 2026-Q2 |
| Legal & General Group Plc trimmed | 5,776,918 | $396M | 2.7% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 4,576,565 | $314M | 2.1% | 2026-Q2 |
| FIL Ltd trimmed | 4,415,974 | $303M | 2.1% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 4,149,535 | $284M | 1.9% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 4,014,657 | $275M | 1.9% | 2026-Q2 |
| LANDESBANK BADEN-WUERTTEMBERG | 3,250,000 | $222M | 1.5% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 3,168,387 | $217M | 1.5% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 2,822,157 | $194M | 1.3% | 2026-Q2 |
| ANTIPODES PARTNERS Ltd added | 2,677,153 | $184M | 1.3% | 2026-Q2 |
| Clearbridge Investments, LLC trimmed | 2,469,390 | $169M | 1.2% | 2026-Q2 |
| CREDIT AGRICOLE S A trimmed | 2,417,368 | $166M | 1.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 2,268,338 | $155M | 1.1% | 2026-Q2 |
| ONTARIO TEACHERS PENSION PLAN BOARD new | 2,154,592 | $148M | 1.0% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 2,042,501 | $140M | 1.0% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 1,813,739 | $124M | 0.9% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 1,803,029 | $124M | 0.8% | 2026-Q2 |
| THORNBURG INVESTMENT MANAGEMENT INC trimmed | 1,712,697 | $117M | 0.8% | 2026-Q2 |
| BlackRock, Inc. added | 1,622,864 | $111M | 0.8% | 2026-Q2 |
| Swiss National Bank trimmed | 1,610,024 | $110M | 0.8% | 2026-Q2 |
| Nuveen, LLC trimmed | 1,460,711 | $100M | 0.7% | 2026-Q2 |
| ING GROEP NV added | 1,162,749 | $80M | 0.5% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 1,125,406 | $70M | 0.5% | 2026-Q2 |
| MORGAN STANLEY added | 1,106,014 | $76M | 0.5% | 2026-Q2 |
| J. Safra Sarasin Holding AG trimmed | 1,071,505 | $69M | 0.5% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 1,065,292 | $73M | 0.5% | 2026-Q2 |
| 1832 Asset Management L.P. trimmed | 979,323 | $67M | 0.5% | 2026-Q2 |
| ProShare Advisors LLC trimmed | 726,134 | $50M | 0.3% | 2026-Q2 |
| Fisher Asset Management, LLC added | 676,569 | $46M | 0.3% | 2026-Q2 |
| Skye Global Management LP added | 656,000 | $45M | 0.3% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 610,004 | $42M | 0.3% | 2026-Q2 |
| Maryland State Retirement & Pension System trimmed | 591,089 | $40M | 0.3% | 2026-Q2 |
| AVIVA PLC added | 575,120 | $39M | 0.3% | 2026-Q2 |
| Allianz Asset Management GmbH trimmed | 544,539 | $35M | 0.2% | 2026-Q2 |
| M&G PLC trimmed | 537,348 | $37M | 0.3% | 2026-Q2 |
| Pictet Asset Management Holding SA trimmed | 532,768 | $37M | 0.2% | 2026-Q2 |
| Vontobel Holding Ltd. added | 531,457 | $36M | 0.2% | 2026-Q2 |
| Partners Group Holding AG trimmed | 521,376 | $36M | 0.2% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 509,081 | $35M | 0.2% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 495,235 | $34M | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 477,578 | $33M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 462,409 | $32M | 0.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 459,827 | $32M | 0.2% | 2026-Q2 |
| STATE STREET CORP added | 445,653 | $31M | 0.2% | 2026-Q2 |
| Groupe la Francaise added | 436,648 | $30M | 0.2% | 2026-Q2 |
| NEOS Investment Management LLC added | 430,508 | $30M | 0.2% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 425,405 | $29M | 0.2% | 2026-Q2 |
| SIH Partners, LLLP added | 419,281 | $29M | 0.2% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 411,689 | $28M | 0.2% | 2026-Q2 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO trimmed | 392,909 | $24M | 0.2% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) trimmed | 369,697 | $25M | 0.2% | 2026-Q2 |
| Exane Asset Management trimmed | 368,047 | $25M | 0.2% | 2026-Q2 |
| TD Asset Management Inc trimmed | 349,193 | $24M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 309,013 | $21M | 0.1% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 300,708 | $21M | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 296,494 | $20M | 0.1% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. added | 292,100 | $20M | 0.1% | 2026-Q2 |
| Public Sector Pension Investment Board trimmed | 283,239 | $19M | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 251,102 | $17M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 247,071 | $17M | 0.1% | 2026-Q2 |
| Korea Investment CORP trimmed | 246,379 | $17M | 0.1% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. trimmed | 229,291 | $16M | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 223,596 | $15M | 0.1% | 2026-Q2 |
| 71 West Capital Partners added | 211,595 | $15M | 0.1% | 2026-Q2 |
| Rafferty Asset Management, LLC added | 203,602 | $14M | 0.1% | 2026-Q2 |
| Fideuram Asset Management (Ireland) dac added | 194,443 | $12M | 0.1% | 2026-Q2 |
| ABN AMRO Bank N.V. added | 192,004 | $13M | 0.1% | 2026-Q2 |
| Susquehanna Portfolio Strategies, LLC added | 181,857 | $12M | 0.1% | 2026-Q2 |
| Lansforsakringar Fondforvaltning AB (publ) trimmed | 180,676 | $12M | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 178,180 | $12M | 0.1% | 2026-Q2 |
| Zurich Insurance Group Ltd/FI trimmed | 177,951 | $12M | 0.1% | 2026-Q2 |
| MARSHALL WACE, LLP added | 173,665 | $12M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 167,185 | $11M | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 165,184 | $11M | 0.1% | 2026-Q2 |
| SEB Asset Management AB added | 164,693 | $11M | 0.1% | 2026-Q2 |
| PRUDENTIAL PLC added | 157,981 | $11M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 148,976 | $10M | 0.1% | 2026-Q2 |
| GF FUND MANAGEMENT CO. LTD. trimmed | 145,294 | $10M | 0.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP new | 144,466 | $10M | 0.1% | 2026-Q2 |
| OCCUDO QUANTITATIVE STRATEGIES LP trimmed | 137,391 | $9M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 136,404 | $9M | 0.1% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. added | 131,412 | $9M | 0.1% | 2026-Q2 |
| COOPER INVESTORS PTY LTD added | 129,165 | $9M | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 127,416 | $9M | 0.1% | 2026-Q2 |
| CIBC Asset Management Inc trimmed | 124,438 | $9M | 0.1% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 118,461 | $8M | 0.1% | 2026-Q2 |
| NISSAY ASSET MANAGEMENT CORP /JAPAN new | 117,278 | $8M | 0.1% | 2026-Q2 |
| Vennlight Capital Management, LP trimmed | 116,166 | $8M | 0.1% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 114,249 | $8M | 0.1% | 2026-Q2 |
| USS Investment Management Ltd added | 113,885 | $8M | 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.