Who owns FSV
Which tracked institutional funds hold FSV, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FSV company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 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
75 tracked funds added or opened FSV while 76 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
FSV’s largest tracked holder by dollar value, Orbis Allan Gray Ltd, sizes it at 2.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FSV 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 264 tracked filers holding FSV, 145 increased or opened the position and 168 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 FSV 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 11
- Jupiter Topco LLC$239M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$5M
- Trexquant Investment LP$4M
- Jump Financial, LLC$3M
- Nykredit A/S$2M
- ODDO BHF ASSET MANAGEMENT SAS$2M
Full exits 29
- JANUS HENDERSON GROUP PLC$221M
- Baskin Financial Services Inc.$35M
- VOYA INVESTMENT MANAGEMENT LLC$33M
- BESSEMER GROUP INC$27M
- Amundi$11M
- LINCLUDEN MANAGEMENT LTD$9M
Largest adds
- 1832 Asset Management L.P.$181M
- MORGAN STANLEY$39M
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$27M
- Orbis Allan Gray Ltd$23M
- CIBC Asset Management Inc$22M
- GOLDMAN SACHS GROUP INC$17M
Largest trims
- MACKENZIE FINANCIAL CORP$52M
- WELLINGTON MANAGEMENT GROUP LLP$39M
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC$38M
- FRED ALGER MANAGEMENT, LLC$24M
- FIL Ltd$24M
- Conestoga Capital Advisors, LLC$22M
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 |
|---|---|---|---|---|
| Orbis Allan Gray Ltd added | 4,044,289 | $575M | 13.0% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 2,062,192 | $293M | 6.6% | 2026-Q2 |
| 1832 Asset Management L.P. added | 1,684,460 | $239M | 5.4% | 2026-Q2 |
| Jupiter Topco LLC new | 1,680,486 | $239M | 5.4% | 2026-Q2 |
| Conestoga Capital Advisors, LLC trimmed | 1,216,997 | $173M | 3.9% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 1,216,657 | $173M | 3.9% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC trimmed | 1,177,427 | $167M | 3.8% | 2026-Q2 |
| MORGAN STANLEY added | 873,026 | $124M | 2.8% | 2026-Q2 |
| CIBC Asset Management Inc added | 861,424 | $122M | 2.8% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 756,199 | $153M | 3.4% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 652,324 | $101M | 2.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 643,344 | $91M | 2.1% | 2026-Q2 |
| NORGES BANK added | 549,665 | $78M | 1.8% | 2026-Q2 |
| TD Asset Management Inc added | 522,479 | $74M | 1.7% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 521,638 | $74M | 1.7% | 2026-Q2 |
| BCV Asset Management Inc. added | 506,534 | $72M | 1.6% | 2026-Q2 |
| ROYCE & ASSOCIATES LP added | 466,428 | $66M | 1.5% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 430,840 | $61M | 1.4% | 2026-Q2 |
| GENEVA CAPITAL MANAGEMENT LLC trimmed | 415,689 | $59M | 1.3% | 2026-Q2 |
| CIBC WORLD MARKET INC. trimmed | 399,267 | $57M | 1.3% | 2026-Q2 |
| BROWN ADVISORY INC trimmed | 386,877 | $55M | 1.2% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 366,841 | $52M | 1.2% | 2026-Q2 |
| Copeland Capital Management, LLC trimmed | 348,416 | $50M | 1.1% | 2026-Q2 |
| Clearbridge Investments, LLC added | 344,696 | $49M | 1.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 333,870 | $47M | 1.1% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 330,064 | $47M | 1.1% | 2026-Q2 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC trimmed | 310,952 | $44M | 1.0% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 291,944 | $41M | 0.9% | 2026-Q2 |
| Lionstone Capital Management LLC added | 290,920 | $41M | 0.9% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 287,694 | $41M | 0.9% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 268,514 | $38M | 0.9% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 264,329 | $38M | 0.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 260,602 | $37M | 0.8% | 2026-Q2 |
| MONTRUSCO BOLTON INVESTMENTS INC. trimmed | 254,333 | $36M | 0.8% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 251,725 | $36M | 0.8% | 2026-Q2 |
| Legal & General Group Plc trimmed | 242,821 | $35M | 0.8% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 233,648 | $33M | 0.7% | 2026-Q2 |
| AltraVue Capital, LLC added | 225,625 | $32M | 0.7% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 214,245 | $30M | 0.7% | 2026-Q2 |
| FIL Ltd trimmed | 211,557 | $30M | 0.7% | 2026-Q2 |
| SEB Asset Management AB trimmed | 196,248 | $28M | 0.6% | 2026-Q2 |
| FRED ALGER MANAGEMENT, LLC trimmed | 188,507 | $27M | 0.6% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 142,869 | $20M | 0.5% | 2026-Q2 |
| Public Sector Pension Investment Board added | 142,225 | $20M | 0.5% | 2026-Q2 |
| JACOBSON & SCHMITT ADVISORS, LLC trimmed | 142,185 | $20M | 0.5% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL trimmed | 136,539 | $19M | 0.4% | 2026-Q2 |
| Swiss National Bank trimmed | 133,800 | $19M | 0.4% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 133,120 | $27M | 0.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 129,041 | $18M | 0.4% | 2026-Q2 |
| Fiera Capital Corp trimmed | 127,397 | $18M | 0.4% | 2026-Q2 |
| Fenimore Asset Management Inc trimmed | 122,398 | $17M | 0.4% | 2026-Q2 |
| BANK OF NOVA SCOTIA added | 119,955 | $17M | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 114,852 | $16M | 0.4% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 111,377 | $16M | 0.4% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 110,617 | $16M | 0.4% | 2026-Q2 |
| TORONTO DOMINION BANK added | 104,824 | $15M | 0.3% | 2026-Q2 |
| NICOLA WEALTH MANAGEMENT LTD. added | 98,990 | $14M | 0.3% | 2026-Q2 |
| UBS Group AG trimmed | 95,699 | $14M | 0.3% | 2026-Q2 |
| SCOTIA CAPITAL INC. added | 93,462 | $13M | 0.3% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 92,594 | $13M | 0.3% | 2026-Q2 |
| LOOMIS SAYLES & CO L P trimmed | 92,080 | $13M | 0.3% | 2026-Q2 |
| OSTERWEIS CAPITAL MANAGEMENT INC added | 91,739 | $13M | 0.3% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 66,437 | $10M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 63,053 | $9M | 0.2% | 2026-Q2 |
| THIRD AVENUE MANAGEMENT LLC added | 61,951 | $9M | 0.2% | 2026-Q2 |
| BlackRock, Inc. added | 61,167 | $9M | 0.2% | 2026-Q2 |
| Invesco Ltd. added | 59,198 | $8M | 0.2% | 2026-Q2 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 58,540 | $8M | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 56,435 | $8M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 51,793 | $7M | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 51,538 | $7M | 0.2% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 51,401 | $7M | 0.2% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 51,151 | $7M | 0.2% | 2026-Q2 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp added | 50,673 | $7M | 0.2% | 2026-Q2 |
| Catawba River Capital added | 50,161 | $7M | 0.2% | 2026-Q2 |
| Legato Capital Management LLC added | 49,915 | $7M | 0.2% | 2026-Q2 |
| Summit Creek Advisors LLC trimmed | 49,232 | $7M | 0.2% | 2026-Q2 |
| Waratah Capital Advisors Ltd. added | 45,179 | $6M | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 45,013 | $6M | 0.1% | 2026-Q2 |
| Nuveen, LLC added | 41,840 | $6M | 0.1% | 2026-Q2 |
| KING LUTHER CAPITAL MANAGEMENT CORP trimmed | 41,825 | $6M | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 40,374 | $6M | 0.1% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 39,750 | $6M | 0.1% | 2026-Q2 |
| Bank of New York Mellon Corp added | 37,404 | $5M | 0.1% | 2026-Q2 |
| Langdon Equity Partners trimmed | 36,400 | $5M | 0.1% | 2026-Q2 |
| AVIVA PLC added | 35,603 | $5M | 0.1% | 2026-Q2 |
| Advisors Capital Management, LLC added | 34,401 | $5M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP new | 32,830 | $5M | 0.1% | 2026-Q2 |
| LOUISBOURG INVESTMENTS INC. added | 31,490 | $4M | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 26,131 | $4M | 0.1% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 25,869 | $4M | 0.1% | 2026-Q2 |
| Pictet Asset Management Holding SA trimmed | 25,399 | $4M | 0.1% | 2026-Q2 |
| Trexquant Investment LP trimmed | 25,327 | $4M | 0.1% | 2026-Q2 |
| Cumberland Partners Ltd trimmed | 24,300 | $3M | 0.1% | 2026-Q2 |
| Canoe Financial LP trimmed | 24,132 | $3M | 0.1% | 2026-Q2 |
| BANK OF NOVA SCOTIA TRUST CO added | 23,685 | $3M | 0.1% | 2026-Q2 |
| Jump Financial, LLC new | 23,600 | $3M | 0.1% | 2026-Q2 |
| Creative Planning added | 23,325 | $3M | 0.1% | 2026-Q2 |
| USS Investment Management Ltd added | 23,017 | $3M | 0.1% | 2026-Q2 |
| State of Tennessee, Department of Treasury added | 21,764 | $3M | 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.