Who owns FTW
Which tracked institutional funds hold FTW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FTW company fundamentals →
Ownership as of the 2025-Q4 13F filings (latest filed 2026-02-18). 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
The tracked-fund tape on FTW is one-sided between 2025-Q4 and 2026-Q1: 6 added or opened and 46 trimmed or exited — on balance reducing.
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
FTW’s largest tracked holder by dollar value, Decagon Asset Management LLP, sizes it at 5.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FTW 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-Q3 and 2025-Q4, across 60 tracked filers holding FTW, 13 increased or opened the position and 19 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 FTW 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 4
- ADAGE CAPITAL PARTNERS GP, L.L.C.$30M
- Alyeska Investment Group, L.P.$28M
- MORGAN STANLEY$19M
- LuminArx Capital Management LP$3M
Full exits 41
- Decagon Asset Management LLP$59M
- Context Capital Management, LLC$55M
- Alberta Investment Management Corp$37M
- Linden Advisors LP$32M
- BERKLEY W R CORP$27M
- AQR Arbitrage LLC$26M
Largest adds
- Ghisallo Capital Management LLC$3M
- UBS Group AG$645K
Largest trims
- Magnetar Financial LLC$35M
- Fort Baker Capital Management LP$29M
- GOLDMAN SACHS GROUP INC$10M
- JPMORGAN CHASE & CO$1M
- MILLENNIUM MANAGEMENT LLC$361K
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).
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.