Who owns FER (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-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
94 tracked funds added or opened FER while 86 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
FER’s largest tracked holder by dollar value, TCI FUND MANAGEMENT LTD, sizes it at 2.9% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 2.9pp 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 2025-Q4 and 2026-Q1, across 311 tracked filers holding FER, 185 increased or opened the position and 130 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 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 33
- VANGUARD CAPITAL MANAGEMENT LLC$916M
- VANGUARD FIDUCIARY TRUST CO$270M
- VANGUARD ASSET MANAGEMENT, Ltd$144M
- DNCA FINANCE$37M
- DUFF & PHELPS INVESTMENT MANAGEMENT CO$22M
- Vanguard Investments Australia, Ltd.$16M
Full exits 19
- VANGUARD GROUP INC$1.3B
- TUDOR INVESTMENT CORP ET AL$22M
- ALGEBRIS (UK) LTD$15M
- D. E. Shaw & Co., Inc.$11M
- Qube Research & Technologies Ltd$8M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$6M
Largest adds
- Invesco Ltd.$693M
- Amundi$288M
- BNP PARIBAS ASSET MANAGEMENT Holding S.A.$166M
- CITIGROUP INC$114M
- FMR LLC$109M
- DekaBank Deutsche Girozentrale$41M
Largest trims
- JPMORGAN CHASE & CO$201M
- NORGES BANK$177M
- BANK OF AMERICA CORP /DE/$162M
- FIL Ltd$147M
- UBS Group AG$108M
- GOLDMAN SACHS GROUP INC$73M
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 |
|---|---|---|---|---|
| TCI FUND MANAGEMENT LTD | 20,740,214 | $1.3B | 8.6% | 2026-Q1 |
| Amundi added | 15,301,820 | $995M | 6.4% | 2026-Q1 |
| Invesco Ltd. added | 15,099,689 | $982M | 6.3% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 14,086,170 | $916M | 5.9% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 12,965,547 | $830M | 5.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 10,654,888 | $693M | 4.5% | 2026-Q1 |
| Banco Santander, S.A. trimmed | 8,720,450 | $584M | 3.8% | 2026-Q1 |
| FIL Ltd trimmed | 7,608,783 | $495M | 3.2% | 2026-Q1 |
| BARCLAYS PLC trimmed | 6,908,756 | $449M | 2.9% | 2026-Q1 |
| FMR LLC added | 6,887,953 | $448M | 2.9% | 2026-Q1 |
| UBS Group AG trimmed | 6,697,049 | $436M | 2.8% | 2026-Q1 |
| NORGES BANK added | 9,598,184 | $428M | 2.8% | 2026-Q1 |
| Legal & General Group Plc added | 6,246,889 | $399M | 2.6% | 2026-Q1 |
| CITIGROUP INC added | 5,980,971 | $382M | 2.5% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 4,154,785 | $270M | 1.7% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 4,066,862 | $265M | 1.7% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 3,466,173 | $216M | 1.4% | 2026-Q1 |
| Clearbridge Investments, LLC added | 3,153,653 | $205M | 1.3% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 3,128,072 | $200M | 1.3% | 2026-Q1 |
| CREDIT AGRICOLE S A added | 2,685,180 | $175M | 1.1% | 2026-Q1 |
| Bank of Italy | 2,663,198 | $170M | 1.1% | 2026-Q1 |
| ANTIPODES PARTNERS Ltd added | 2,593,668 | $166M | 1.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 2,215,502 | $144M | 0.9% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 2,102,008 | $135M | 0.9% | 2026-Q1 |
| Bank of New York Mellon Corp added | 1,839,250 | $120M | 0.8% | 2026-Q1 |
| Swiss National Bank added | 1,778,470 | $114M | 0.7% | 2026-Q1 |
| THORNBURG INVESTMENT MANAGEMENT INC added | 1,739,341 | $112M | 0.7% | 2026-Q1 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main trimmed | 1,735,330 | $111M | 0.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 1,683,212 | $109M | 0.7% | 2026-Q1 |
| DekaBank Deutsche Girozentrale added | 1,628,856 | $105M | 0.7% | 2026-Q1 |
| Nuveen, LLC added | 1,533,434 | $98M | 0.6% | 2026-Q1 |
| BlackRock, Inc. trimmed | 1,478,492 | $96M | 0.6% | 2026-Q1 |
| 1832 Asset Management L.P. added | 1,173,243 | $76M | 0.5% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 1,160,258 | $73M | 0.5% | 2026-Q1 |
| J. Safra Sarasin Holding AG added | 1,074,671 | $69M | 0.4% | 2026-Q1 |
| ING GROEP NV added | 1,018,810 | $66M | 0.4% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 1,094,322 | $65M | 0.4% | 2026-Q1 |
| ProShare Advisors LLC trimmed | 967,047 | $63M | 0.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 956,367 | $62M | 0.4% | 2026-Q1 |
| Fisher Asset Management, LLC added | 647,727 | $42M | 0.3% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 613,194 | $40M | 0.3% | 2026-Q1 |
| Maryland State Retirement & Pension System added | 593,034 | $38M | 0.2% | 2026-Q1 |
| DNCA FINANCE new | 574,068 | $37M | 0.2% | 2026-Q1 |
| AVIVA PLC added | 567,805 | $36M | 0.2% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 559,591 | $36M | 0.2% | 2026-Q1 |
| M&G PLC added | 561,513 | $36M | 0.2% | 2026-Q1 |
| Allianz Asset Management GmbH added | 555,455 | $35M | 0.2% | 2026-Q1 |
| Exane Asset Management trimmed | 551,407 | $35M | 0.2% | 2026-Q1 |
| Pictet Asset Management Holding SA added | 533,742 | $34M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD | 504,214 | $32M | 0.2% | 2026-Q1 |
| Skye Global Management LP added | 472,000 | $31M | 0.2% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 454,994 | $29M | 0.2% | 2026-Q1 |
| STATE STREET CORP trimmed | 437,010 | $28M | 0.2% | 2026-Q1 |
| Partners Group Holding AG added | 538,084 | $26M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 400,217 | $26M | 0.2% | 2026-Q1 |
| NEOS Investment Management LLC added | 390,179 | $25M | 0.2% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 375,349 | $24M | 0.2% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 370,968 | $24M | 0.2% | 2026-Q1 |
| TD Asset Management Inc added | 351,628 | $23M | 0.1% | 2026-Q1 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO new | 395,900 | $22M | 0.1% | 2026-Q1 |
| Quantinno Capital Management LP added | 332,451 | $22M | 0.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 318,972 | $21M | 0.1% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 311,011 | $20M | 0.1% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 296,257 | $19M | 0.1% | 2026-Q1 |
| Public Sector Pension Investment Board added | 283,934 | $19M | 0.1% | 2026-Q1 |
| Zurich Insurance Group Ltd/FI trimmed | 293,114 | $19M | 0.1% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 265,066 | $17M | 0.1% | 2026-Q1 |
| Korea Investment CORP trimmed | 255,771 | $16M | 0.1% | 2026-Q1 |
| SG Americas Securities, LLC trimmed | 249,529 | $16M | 0.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 246,692 | $16M | 0.1% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 241,330 | $16M | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 236,401 | $15M | 0.1% | 2026-Q1 |
| Vontobel Holding Ltd. added | 238,651 | $15M | 0.1% | 2026-Q1 |
| OCCUDO QUANTITATIVE STRATEGIES LP added | 214,335 | $15M | 0.1% | 2026-Q1 |
| Lansforsakringar Fondforvaltning AB (publ) added | 219,252 | $14M | 0.1% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 206,854 | $13M | 0.1% | 2026-Q1 |
| 71 West Capital Partners added | 205,262 | $13M | 0.1% | 2026-Q1 |
| ASR Vermogensbeheer N.V. trimmed | 204,423 | $13M | 0.1% | 2026-Q1 |
| Vennlight Capital Management, LP added | 200,455 | $13M | 0.1% | 2026-Q1 |
| ABN AMRO Bank N.V. added | 190,769 | $12M | 0.1% | 2026-Q1 |
| Rafferty Asset Management, LLC trimmed | 184,717 | $12M | 0.1% | 2026-Q1 |
| Andra AP-fonden added | 203,353 | $11M | 0.1% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 159,316 | $10M | 0.1% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 162,005 | $10M | 0.1% | 2026-Q1 |
| Susquehanna Portfolio Strategies, LLC trimmed | 157,276 | $10M | 0.1% | 2026-Q1 |
| SEB Asset Management AB new | 159,407 | $10M | 0.1% | 2026-Q1 |
| GF FUND MANAGEMENT CO. LTD. trimmed | 150,367 | $10M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 20,353,983 | $1.3B | 8.5% | 2025-Q4 stale |
| ClearBridge Investments Ltd added | 3,164,782 | $170M | 1.1% | 2025-Q2 stale |
| Maple-Brown Abbott Ltd new | 3,421,819 | $152M | 1.0% | 2025-Q1 stale |
| Luxor Capital Group, LP trimmed | 594,060 | $32M | 0.2% | 2025-Q2 stale |
| AXA S.A. trimmed | 518,647 | $28M | 0.2% | 2025-Q2 stale |
| AXA Investment Managers S.A. new | 390,382 | $23M | 0.1% | 2025-Q3 stale |
| TUDOR INVESTMENT CORP ET AL added | 342,041 | $22M | 0.1% | 2025-Q4 stale |
| ALGEBRIS (UK) LTD new | 13,000,000 | $15M | 0.1% | 2025-Q4 stale |
| JENNISON ASSOCIATES LLC trimmed | 283,071 | $15M | 0.1% | 2025-Q2 stale |
| AMF Tjanstepension AB added | 237,155 | $13M | 0.1% | 2025-Q2 stale |
| D. E. Shaw & Co., Inc. new | 171,133 | $11M | 0.1% | 2025-Q4 stale |
| Jain Global LLC added | 187,206 | $11M | 0.1% | 2025-Q3 stale |
| BALYASNY ASSET MANAGEMENT L.P. new | 179,543 | $11M | 0.1% | 2025-Q3 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.