Who owns IWF (IWF)
Which tracked institutional funds hold IWF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IWF 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
The tracked-fund tape on IWF is one-sided between 2025-Q4 and 2026-Q1: 169 added or opened and 956 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
IWF’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.8% of its own reported 13F book, while the median holder sizes it at 0.9% of theirs — a 0.1pp gap the other way — the median holder sizes IWF more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in IWF 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 2420 tracked filers holding IWF, 838 increased or opened the position and 1153 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 IWF 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 48
- CIBC Bancorp USA Inc.$456M
- TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC$438M
- TIAA Wealth Investment Management LLC$438M
- Krane Financial Solutions LLC$14M
- Vanguard National Trust Co$13M
- OFS Enterprise LLC$11M
Full exits 94
- CIBC Private Wealth Group LLC$564M
- Janney Montgomery Scott LLC$368M
- COMERICA BANK$286M
- Covenant Partners, LLC$104M
- NewEdge Advisors, LLC$100M
- AXXCESS WEALTH MANAGEMENT, LLC$61M
Largest adds
- M&T Bank Corp$1.1B
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$274M
- FIFTH THIRD BANCORP$236M
- JONES FINANCIAL COMPANIES LLLP$223M
- AMERICAN CENTURY COMPANIES INC$65M
- Capital Advisors, Ltd. LLC$51M
Largest trims
- BANK OF AMERICA CORP /DE/$1.5B
- TIAA TRUST, NATIONAL ASSOCIATION$864M
- JPMORGAN CHASE & CO$810M
- FMR LLC$447M
- MORGAN STANLEY$389M
- WELLS FARGO & COMPANY/MN$357M
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 |
|---|---|---|---|---|
| MORGAN STANLEY added | 29,764,605 | $12.7B | 17.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 27,668,812 | $11.8B | 15.9% | 2026-Q1 |
| FMR LLC trimmed | 8,298,790 | $3.5B | 4.8% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 7,049,153 | $3.0B | 4.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 6,663,611 | $2.7B | 3.7% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 5,474,587 | $2.3B | 3.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 5,348,833 | $2.3B | 3.1% | 2026-Q1 |
| UBS Group AG trimmed | 4,821,317 | $2.1B | 2.8% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 4,515,758 | $1.9B | 2.6% | 2026-Q1 |
| LPL Financial LLC added | 3,839,355 | $1.6B | 2.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 3,389,212 | $1.4B | 1.9% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 3,057,823 | $1.3B | 1.8% | 2026-Q1 |
| Baird Financial Group, Inc. added | 2,806,999 | $1.2B | 1.6% | 2026-Q1 |
| M&T Bank Corp added | 2,624,582 | $1.1B | 1.5% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 2,043,098 | $871M | 1.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 1,866,143 | $796M | 1.1% | 2026-Q1 |
| SIGNATUREFD, LLC added | 1,798,999 | $767M | 1.0% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 1,719,384 | $733M | 1.0% | 2026-Q1 |
| Cetera Investment Advisers added | 1,569,465 | $669M | 0.9% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 1,502,223 | $640M | 0.9% | 2026-Q1 |
| Pinnacle Financial Partners, Inc. added | 1,384,642 | $590M | 0.8% | 2026-Q1 |
| Circle Wealth Management, LLC | 1,363,473 | $581M | 0.8% | 2026-Q1 |
| Focus Partners Wealth trimmed | 1,341,813 | $571M | 0.8% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 1,275,960 | $544M | 0.7% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 1,255,151 | $535M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,202,796 | $513M | 0.7% | 2026-Q1 |
| Cerity Partners LLC added | 1,139,188 | $486M | 0.7% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 1,136,766 | $485M | 0.7% | 2026-Q1 |
| Nuveen, LLC added | 1,098,754 | $469M | 0.6% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 1,134,310 | $468M | 0.6% | 2026-Q1 |
| CIBC Bancorp USA Inc. new | 1,071,975 | $456M | 0.6% | 2026-Q1 |
| BlackRock, Inc. added | 1,032,334 | $440M | 0.6% | 2026-Q1 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new | 1,028,157 | $438M | 0.6% | 2026-Q1 |
| TIAA Wealth Investment Management LLC new | 1,066,633 | $438M | 0.6% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 983,920 | $420M | 0.6% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 956,059 | $408M | 0.5% | 2026-Q1 |
| GLOBALT Investments LLC / GA added | 940,582 | $401M | 0.5% | 2026-Q1 |
| 71 West Capital Partners added | 879,787 | $375M | 0.5% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 813,668 | $347M | 0.5% | 2026-Q1 |
| OpenArc Corporate Advisory, LLC trimmed | 752,881 | $321M | 0.4% | 2026-Q1 |
| Dynasty Wealth Management, LLC added | 2,925,449 | $312M | 0.4% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 694,160 | $296M | 0.4% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 676,607 | $286M | 0.4% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 666,275 | $284M | 0.4% | 2026-Q1 |
| CHOREO, LLC added | 651,929 | $278M | 0.4% | 2026-Q1 |
| Mariner, LLC trimmed | 567,884 | $242M | 0.3% | 2026-Q1 |
| 1ST SOURCE BANK added | 565,705 | $241M | 0.3% | 2026-Q1 |
| Waldron Private Wealth LLC trimmed | 561,959 | $240M | 0.3% | 2026-Q1 |
| Clearstead Advisors, LLC trimmed | 538,892 | $230M | 0.3% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 537,253 | $229M | 0.3% | 2026-Q1 |
| CITIGROUP INC trimmed | 527,526 | $225M | 0.3% | 2026-Q1 |
| IEQ CAPITAL, LLC added | 515,341 | $220M | 0.3% | 2026-Q1 |
| BROWN ADVISORY INC trimmed | 502,077 | $214M | 0.3% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 477,946 | $204M | 0.3% | 2026-Q1 |
| Creative Planning trimmed | 471,347 | $201M | 0.3% | 2026-Q1 |
| COMMERCE BANK added | 464,576 | $198M | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 459,566 | $196M | 0.3% | 2026-Q1 |
| Cresset Asset Management, LLC trimmed | 458,001 | $195M | 0.3% | 2026-Q1 |
| REGIONS FINANCIAL CORP trimmed | 443,490 | $189M | 0.3% | 2026-Q1 |
| Johnson Financial Group, Inc. added | 412,850 | $176M | 0.2% | 2026-Q1 |
| STALEY CAPITAL ADVISERS INC added | 411,399 | $175M | 0.2% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 408,111 | $174M | 0.2% | 2026-Q1 |
| POLEN CAPITAL MANAGEMENT LLC trimmed | 406,863 | $173M | 0.2% | 2026-Q1 |
| Stairway Partners, LLC added | 400,768 | $171M | 0.2% | 2026-Q1 |
| MAI Capital Management trimmed | 393,112 | $168M | 0.2% | 2026-Q1 |
| D.A. DAVIDSON & CO. added | 378,467 | $161M | 0.2% | 2026-Q1 |
| OAKWORTH CAPITAL, INC. added | 360,833 | $154M | 0.2% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 351,081 | $150M | 0.2% | 2026-Q1 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed | 340,757 | $145M | 0.2% | 2026-Q1 |
| Hackensack Meridian Health, Inc. trimmed | 328,400 | $140M | 0.2% | 2026-Q1 |
| Cullen/Frost Bankers, Inc. trimmed | 327,378 | $140M | 0.2% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 326,296 | $139M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 324,321 | $138M | 0.2% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 324,255 | $138M | 0.2% | 2026-Q1 |
| J.Safra Asset Management Corp trimmed | 322,599 | $138M | 0.2% | 2026-Q1 |
| Confluence Wealth Services, Inc. added | 317,725 | $135M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 311,547 | $133M | 0.2% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC added | 1,096,064 | $117M | 0.2% | 2026-Q1 |
| Pathstone Holdings, LLC added | 273,685 | $117M | 0.2% | 2026-Q1 |
| Modera Wealth Management, LLC added | 272,057 | $116M | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 266,225 | $114M | 0.2% | 2026-Q1 |
| BLAIR WILLIAM & CO/IL added | 266,026 | $113M | 0.2% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 265,688 | $113M | 0.2% | 2026-Q1 |
| Allworth Financial LP trimmed | 262,468 | $112M | 0.2% | 2026-Q1 |
| STEPHENS INC /AR/ added | 261,973 | $112M | 0.2% | 2026-Q1 |
| Kensington Asset Management, LLC | 224,830 | $107M | 0.1% | 2026-Q1 |
| SIMON QUICK ADVISORS, LLC trimmed | 247,479 | $106M | 0.1% | 2026-Q1 |
| NewEdge Wealth, LLC trimmed | 243,611 | $104M | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 220,957 | $94M | 0.1% | 2026-Q1 |
| SYNOVUS FINANCIAL CORP trimmed | 1,214,072 | $569M | 0.8% | 2025-Q3 stale |
| CIBC Private Wealth Group LLC added | 1,190,695 | $564M | 0.8% | 2025-Q4 stale |
| Janney Montgomery Scott LLC added | 778,101 | $368M | 0.5% | 2025-Q4 stale |
| COMERICA BANK trimmed | 604,730 | $286M | 0.4% | 2025-Q4 stale |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. | 691,000 | $250M | 0.3% | 2025-Q1 stale |
| CHURCHILL MANAGEMENT Corp trimmed | 581,381 | $247M | 0.3% | 2025-Q2 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 305,748 | $130M | 0.2% | 2025-Q2 stale |
| Qalhat Capital Ltd added | 265,463 | $124M | 0.2% | 2025-Q3 stale |
| Covenant Partners, LLC trimmed | 219,004 | $104M | 0.1% | 2025-Q4 stale |
| NewEdge Advisors, LLC added | 210,929 | $100M | 0.1% | 2025-Q4 stale |
| Orion Portfolio Solutions, LLC trimmed | 275,977 | $100M | 0.1% | 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.