Who owns FR (FR)
Which tracked institutional funds hold FR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FR 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
122 tracked funds added or opened FR while 90 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
FR’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% 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 FR more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FR 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 459 tracked filers holding FR, 266 increased or opened the position and 178 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 FR 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 24
- VANGUARD PORTFOLIO MANAGEMENT LLC$730M
- VANGUARD CAPITAL MANAGEMENT LLC$343M
- VANGUARD FIDUCIARY TRUST CO$48M
- Woodline Partners LP$42M
- CAPITOLIS LIQUID GLOBAL MARKETS LLC$9M
- Vanguard Investments Australia, Ltd.$7M
Full exits 24
- VANGUARD GROUP INC$1.1B
- Hudson Bay Capital Management LP$37M
- Gillson Capital LP$29M
- VIRGINIA RETIREMENT SYSTEMS ET Al$15M
- Schonfeld Strategic Advisors LLC$11M
- Capitolis Liquid Global Markets LLC$10M
Largest adds
- CENTERSQUARE INVESTMENT MANAGEMENT LLC$97M
- Nuveen, LLC$62M
- COHEN & STEERS, INC.$40M
- PRUDENTIAL FINANCIAL INC$39M
- TWO SIGMA INVESTMENTS, LP$26M
- GOLDMAN SACHS GROUP INC$24M
Largest trims
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$1.2B
- BlackRock, Inc.$146M
- NORGES BANK$126M
- Invesco Ltd.$52M
- LASALLE INVESTMENT MANAGEMENT SECURITIES LLC$45M
- Sumitomo Mitsui Trust Group, Inc.$43M
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 | 14,044,942 | $812M | 9.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 12,617,830 | $730M | 8.9% | 2026-Q1 |
| STATE STREET CORP trimmed | 6,363,262 | $371M | 4.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 5,929,282 | $343M | 4.2% | 2026-Q1 |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC added | 4,307,567 | $249M | 3.0% | 2026-Q1 |
| NORGES BANK trimmed | 3,587,520 | $194M | 2.4% | 2026-Q1 |
| Invesco Ltd. trimmed | 3,180,155 | $184M | 2.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,787,711 | $161M | 2.0% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 2,787,938 | $161M | 2.0% | 2026-Q1 |
| COHEN & STEERS, INC. added | 2,729,198 | $158M | 1.9% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,564,958 | $148M | 1.8% | 2026-Q1 |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC trimmed | 2,228,576 | $129M | 1.6% | 2026-Q1 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO added | 2,195,608 | $127M | 1.5% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 2,151,234 | $124M | 1.5% | 2026-Q1 |
| MORGAN STANLEY trimmed | 2,103,220 | $122M | 1.5% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,025,484 | $117M | 1.4% | 2026-Q1 |
| Alyeska Investment Group, L.P. added | 2,023,407 | $117M | 1.4% | 2026-Q1 |
| Nuveen, LLC added | 1,887,214 | $109M | 1.3% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 1,872,191 | $108M | 1.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 1,858,721 | $106M | 1.3% | 2026-Q1 |
| RUSH ISLAND MANAGEMENT, LP trimmed | 1,754,344 | $101M | 1.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 1,584,550 | $91M | 1.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,571,525 | $90M | 1.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,311,861 | $76M | 0.9% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 1,253,750 | $73M | 0.9% | 2026-Q1 |
| Quantinno Capital Management LP added | 1,217,721 | $70M | 0.9% | 2026-Q1 |
| Artemis Investment Management LLP added | 1,186,294 | $69M | 0.8% | 2026-Q1 |
| PGGM Investments trimmed | 1,135,312 | $66M | 0.8% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 1,095,530 | $63M | 0.8% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,065,985 | $62M | 0.8% | 2026-Q1 |
| FRONTIER CAPITAL MANAGEMENT CO LLC trimmed | 946,365 | $55M | 0.7% | 2026-Q1 |
| Engineers Gate Manager LP trimmed | 918,253 | $53M | 0.6% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 891,600 | $52M | 0.6% | 2026-Q1 |
| Land & Buildings Investment Management, LLC trimmed | 863,925 | $50M | 0.6% | 2026-Q1 |
| LONDON CO OF VIRGINIA added | 839,637 | $49M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 822,381 | $48M | 0.6% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 820,159 | $47M | 0.6% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 817,019 | $47M | 0.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 784,223 | $45M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 778,077 | $45M | 0.5% | 2026-Q1 |
| Legal & General Group Plc trimmed | 755,080 | $44M | 0.5% | 2026-Q1 |
| Woodline Partners LP trimmed | 727,492 | $42M | 0.5% | 2026-Q1 |
| Allianz Asset Management GmbH added | 700,164 | $41M | 0.5% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 634,488 | $37M | 0.4% | 2026-Q1 |
| Heitman Real Estate Securities LLC added | 593,292 | $34M | 0.4% | 2026-Q1 |
| Starwood Capital Group Management, L.L.C. | 581,012 | $34M | 0.4% | 2026-Q1 |
| Adelante Capital Management LLC added | 544,609 | $32M | 0.4% | 2026-Q1 |
| Jain Global LLC added | 537,318 | $31M | 0.4% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 494,815 | $29M | 0.3% | 2026-Q1 |
| Vision Capital Corp added | 483,844 | $28M | 0.3% | 2026-Q1 |
| Boston Partners trimmed | 473,472 | $27M | 0.3% | 2026-Q1 |
| KENNEDY CAPITAL MANAGEMENT LLC added | 471,905 | $27M | 0.3% | 2026-Q1 |
| UBS Group AG trimmed | 471,494 | $27M | 0.3% | 2026-Q1 |
| STRS OHIO added | 464,562 | $27M | 0.3% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 454,753 | $26M | 0.3% | 2026-Q1 |
| SEI INVESTMENTS CO added | 440,884 | $26M | 0.3% | 2026-Q1 |
| FMR LLC trimmed | 413,688 | $24M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 409,915 | $24M | 0.3% | 2026-Q1 |
| Lighthouse Investment Partners, LLC trimmed | 397,798 | $23M | 0.3% | 2026-Q1 |
| Alberta Investment Management Corp | 393,302 | $23M | 0.3% | 2026-Q1 |
| TOMS Capital Investment Management LP trimmed | 381,000 | $22M | 0.3% | 2026-Q1 |
| Gotham Asset Management, LLC added | 380,603 | $22M | 0.3% | 2026-Q1 |
| State of Tennessee, Department of Treasury added | 371,466 | $21M | 0.3% | 2026-Q1 |
| Daiwa Securities Group Inc. added | 324,801 | $19M | 0.2% | 2026-Q1 |
| Argosy-Lionbridge Management, LLC trimmed | 317,468 | $18M | 0.2% | 2026-Q1 |
| APG Asset Management US Inc. added | 309,950 | $18M | 0.2% | 2026-Q1 |
| BROOKFIELD Corp /ON/ trimmed | 308,687 | $18M | 0.2% | 2026-Q1 |
| LORD, ABBETT & CO. LLC trimmed | 302,537 | $18M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 295,845 | $17M | 0.2% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 294,040 | $17M | 0.2% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 290,663 | $17M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 289,103 | $17M | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 279,355 | $16M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 278,806 | $16M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 274,456 | $16M | 0.2% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 264,067 | $15M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 262,100 | $15M | 0.2% | 2026-Q1 |
| SEGALL BRYANT & HAMILL, LLC trimmed | 244,866 | $15M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC added | 257,711 | $15M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 252,874 | $15M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 244,796 | $14M | 0.2% | 2026-Q1 |
| State of Alaska, Department of Revenue added | 235,462 | $14M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 232,982 | $13M | 0.2% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 231,167 | $13M | 0.2% | 2026-Q1 |
| Asset Management One Co., Ltd. trimmed | 220,738 | $13M | 0.2% | 2026-Q1 |
| Susquehanna Portfolio Strategies, LLC added | 216,391 | $13M | 0.2% | 2026-Q1 |
| EASTERLY INVESTMENT PARTNERS LLC added | 216,945 | $12M | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT CO LTD added | 211,902 | $12M | 0.1% | 2026-Q1 |
| Apollo Management Holdings, L.P. added | 208,950 | $12M | 0.1% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 207,278 | $12M | 0.1% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 199,014 | $12M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 19,122,148 | $1.1B | 13.3% | 2025-Q4 stale |
| Hudson Bay Capital Management LP added | 652,741 | $37M | 0.5% | 2025-Q4 stale |
| DEPRINCE RACE & ZOLLO INC trimmed | 680,910 | $37M | 0.4% | 2025-Q1 stale |
| Gillson Capital LP trimmed | 505,685 | $29M | 0.4% | 2025-Q4 stale |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 530,031 | $29M | 0.3% | 2025-Q1 stale |
| LANDMARK INVESTMENT PARTNERS, L.P. added | 420,215 | $23M | 0.3% | 2025-Q1 stale |
| Conversant Capital LLC trimmed | 390,000 | $19M | 0.2% | 2025-Q2 stale |
| VIRGINIA RETIREMENT SYSTEMS ET Al trimmed | 261,090 | $15M | 0.2% | 2025-Q4 stale |
| Hazelview Securities Inc. added | 247,995 | $13M | 0.2% | 2025-Q1 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.