Who owns KEL
Which tracked institutional funds hold KEL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See KEL company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-11). 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 KEL is one-sided between 2025-Q4 and 2026-Q1: 2 added or opened and 6 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
KEL’s largest tracked holder by dollar value, KELLOGG W K FOUNDATION TRUST, sizes it at 100.0% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 99.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in KEL 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 5 tracked filers holding KEL, 4 increased or opened the position and 8 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 KEL 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 2
- NORGES BANK$287M
- Kentucky Retirement Systems$1M
Full exits 6
- Hudson Bay Capital Management LP$100M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$47M
- DekaBank Deutsche Girozentrale$43M
- TUDOR INVESTMENT CORP ET AL$17M
- IFP Advisors, Inc$4M
- Buckland Partners Management Co LLC$826K
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 |
|---|---|---|---|---|
| KELLOGG W K FOUNDATION TRUST trimmed | 45,097,438 | $3.7B | 15.2% | 2025-Q3 |
| VANGUARD GROUP INC added | 33,420,185 | $2.7B | 11.3% | 2025-Q3 |
| BlackRock, Inc. added | 30,919,278 | $2.5B | 10.4% | 2025-Q3 |
| KEYBANK NATIONAL ASSOCIATION/OH added | 19,706,054 | $1.6B | 6.6% | 2025-Q3 |
| STATE STREET CORP added | 13,425,912 | $1.1B | 4.5% | 2025-Q3 |
| Pentwater Capital Management LP added | 10,000,000 | $820M | 3.4% | 2025-Q3 |
| UBS Group AG added | 7,520,037 | $617M | 2.5% | 2025-Q3 |
| GEODE CAPITAL MANAGEMENT, LLC added | 7,394,390 | $604M | 2.5% | 2025-Q3 |
| D. E. Shaw & Co., Inc. added | 5,367,222 | $440M | 1.8% | 2025-Q3 |
| BANK OF AMERICA CORP /DE/ added | 4,695,201 | $385M | 1.6% | 2025-Q3 |
| Davidson Kempner Capital Management LP added | 4,315,380 | $354M | 1.5% | 2025-Q3 |
| Amundi added | 4,188,683 | $346M | 1.4% | 2025-Q3 |
| FARALLON CAPITAL MANAGEMENT LLC added | 3,943,853 | $323M | 1.3% | 2025-Q3 |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) trimmed | 3,533,015 | $290M | 1.2% | 2025-Q3 |
| NORGES BANK added | 3,477,580 | $287M | 1.2% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 3,480,763 | $285M | 1.2% | 2025-Q3 |
| MORGAN STANLEY trimmed | 3,328,086 | $273M | 1.1% | 2025-Q3 |
| FRANKLIN RESOURCES INC added | 3,297,785 | $270M | 1.1% | 2025-Q3 |
| Qube Research & Technologies Ltd added | 3,234,635 | $265M | 1.1% | 2025-Q3 |
| Invesco Ltd. added | 3,222,385 | $264M | 1.1% | 2025-Q3 |
| Weiss Asset Management LP new | 3,153,422 | $259M | 1.1% | 2025-Q3 |
| MILLENNIUM MANAGEMENT LLC added | 3,077,390 | $252M | 1.0% | 2025-Q3 |
| FIL Ltd added | 2,983,293 | $245M | 1.0% | 2025-Q3 |
| LMR Partners LLP added | 2,691,066 | $221M | 0.9% | 2025-Q3 |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 2,571,184 | $211M | 0.9% | 2025-Q3 |
| Legal & General Group Plc trimmed | 2,317,919 | $190M | 0.8% | 2025-Q3 |
| GOLDMAN SACHS GROUP INC trimmed | 2,243,876 | $184M | 0.8% | 2025-Q3 |
| JPMORGAN CHASE & CO trimmed | 2,201,524 | $181M | 0.7% | 2025-Q3 |
| DEUTSCHE BANK AG\ added | 1,876,209 | $154M | 0.6% | 2025-Q3 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO trimmed | 1,788,061 | $147M | 0.6% | 2025-Q3 |
| BARCLAYS PLC added | 1,800,363 | $145M | 0.6% | 2025-Q3 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,707,019 | $140M | 0.6% | 2025-Q3 |
| Westchester Capital Management, LLC | 1,701,179 | $140M | 0.6% | 2025-Q3 |
| SYQUANT CAPITAL SAS added | 1,513,343 | $124M | 0.5% | 2025-Q3 |
| Bank of New York Mellon Corp trimmed | 1,456,456 | $119M | 0.5% | 2025-Q3 |
| CITADEL ADVISORS LLC added | 1,393,252 | $114M | 0.5% | 2025-Q3 |
| ALPINE ASSOCIATES MANAGEMENT INC. trimmed | 1,312,677 | $108M | 0.4% | 2025-Q3 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 1,309,400 | $107M | 0.4% | 2025-Q3 |
| Hudson Bay Capital Management LP | 1,219,143 | $100M | 0.4% | 2025-Q4 |
| ALLIANCEBERNSTEIN L.P. added | 1,178,637 | $97M | 0.4% | 2025-Q3 |
| Magnetar Financial LLC added | 1,143,169 | $94M | 0.4% | 2025-Q3 |
| HSBC HOLDINGS PLC trimmed | 1,079,435 | $88M | 0.4% | 2025-Q3 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 1,053,460 | $86M | 0.4% | 2025-Q3 |
| ROYAL BANK OF CANADA trimmed | 950,433 | $78M | 0.3% | 2025-Q3 |
| FMR LLC added | 945,637 | $78M | 0.3% | 2025-Q3 |
| TIG Advisors, LLC trimmed | 941,099 | $77M | 0.3% | 2025-Q3 |
| Swiss National Bank added | 934,499 | $77M | 0.3% | 2025-Q3 |
| Verition Fund Management LLC added | 915,799 | $75M | 0.3% | 2025-Q3 |
| AQR Arbitrage LLC trimmed | 880,941 | $72M | 0.3% | 2025-Q3 |
| Man Group plc trimmed | 871,393 | $71M | 0.3% | 2025-Q3 |
| KBC Group NV added | 813,359 | $67M | 0.3% | 2025-Q3 |
| California Public Employees Retirement System trimmed | 809,073 | $66M | 0.3% | 2025-Q3 |
| Sumitomo Mitsui Trust Group, Inc. added | 771,620 | $63M | 0.3% | 2025-Q3 |
| ING GROEP NV trimmed | 691,238 | $57M | 0.2% | 2025-Q3 |
| RHUMBLINE ADVISERS added | 641,771 | $53M | 0.2% | 2025-Q3 |
| Nuveen, LLC trimmed | 620,720 | $51M | 0.2% | 2025-Q3 |
| MARSHALL WACE, LLP trimmed | 587,001 | $48M | 0.2% | 2025-Q3 |
| Squarepoint Ops LLC added | 574,646 | $47M | 0.2% | 2025-Q3 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 53,883 | $47M | 0.2% | 2025-Q4 |
| Twin Securities, Inc. added | 553,655 | $45M | 0.2% | 2025-Q3 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 542,137 | $44M | 0.2% | 2025-Q3 |
| OLD REPUBLIC INTERNATIONAL CORP | 541,500 | $44M | 0.2% | 2025-Q3 |
| P SCHOENFELD ASSET MANAGEMENT LP added | 532,423 | $44M | 0.2% | 2025-Q3 |
| CAXTON ASSOCIATES LLP trimmed | 527,019 | $43M | 0.2% | 2025-Q3 |
| DekaBank Deutsche Girozentrale | 672,291 | $43M | 0.2% | 2025-Q4 |
| PSquared Asset Management AG added | 521,504 | $43M | 0.2% | 2025-Q3 |
| National Pension Service added | 507,738 | $42M | 0.2% | 2025-Q3 |
| BNP PARIBAS FINANCIAL MARKETS added | 493,698 | $40M | 0.2% | 2025-Q3 |
| FIRST TRUST ADVISORS LP trimmed | 487,831 | $40M | 0.2% | 2025-Q3 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 484,677 | $40M | 0.2% | 2025-Q3 |
| Calamos Advisors LLC trimmed | 475,515 | $39M | 0.2% | 2025-Q3 |
| First Trust Capital Management L.P. trimmed | 475,313 | $39M | 0.2% | 2025-Q3 |
| NATIXIS added | 472,017 | $39M | 0.2% | 2025-Q3 |
| Absolute Gestao de Investimentos Ltda. added | 456,781 | $37M | 0.2% | 2025-Q3 |
| CITIGROUP INC trimmed | 454,906 | $37M | 0.2% | 2025-Q3 |
| Taconic Capital Advisors LP trimmed | 449,762 | $37M | 0.2% | 2025-Q3 |
| OVERSEA-CHINESE BANKING Corp Ltd added | 449,045 | $37M | 0.2% | 2025-Q3 |
| AQR CAPITAL MANAGEMENT LLC added | 447,243 | $37M | 0.2% | 2025-Q3 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 430,198 | $35M | 0.1% | 2025-Q3 |
| PICTON MAHONEY ASSET MANAGEMENT trimmed | 427,928 | $35M | 0.1% | 2025-Q3 |
| Centiva Capital, LP added | 423,614 | $35M | 0.1% | 2025-Q3 |
| GABELLI FUNDS LLC added | 415,263 | $34M | 0.1% | 2025-Q3 |
| Melqart Asset Management (UK) Ltd trimmed | 402,438 | $33M | 0.1% | 2025-Q3 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 390,723 | $32M | 0.1% | 2025-Q3 |
| NEUBERGER BERMAN GROUP LLC trimmed | 390,409 | $32M | 0.1% | 2025-Q3 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 385,687 | $32M | 0.1% | 2025-Q3 |
| Sculptor Capital LP new | 383,000 | $31M | 0.1% | 2025-Q3 |
| GLAZER CAPITAL, LLC added | 382,581 | $31M | 0.1% | 2025-Q3 |
| CANADA LIFE ASSURANCE Co added | 380,988 | $31M | 0.1% | 2025-Q3 |
| GABELLI & Co INVESTMENT ADVISERS, INC. added | 375,593 | $31M | 0.1% | 2025-Q3 |
| Cinctive Capital Management LP trimmed | 371,368 | $30M | 0.1% | 2025-Q3 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 366,934 | $30M | 0.1% | 2025-Q3 |
| AVIVA PLC added | 364,981 | $30M | 0.1% | 2025-Q3 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 362,838 | $30M | 0.1% | 2025-Q3 |
| Polar Asset Management Partners Inc. added | 350,000 | $29M | 0.1% | 2025-Q3 |
| Point72 Asia (Singapore) Pte. Ltd. added | 330,461 | $27M | 0.1% | 2025-Q3 |
| HBK INVESTMENTS L P added | 9,994,462 | $824M | 3.4% | 2025-Q1 stale |
| READYSTATE ASSET MANAGEMENT LP added | 728,247 | $60M | 0.2% | 2025-Q1 stale |
| CIBRA Capital Ltd added | 449,664 | $37M | 0.2% | 2025-Q1 stale |
| Capula Management Ltd added | 410,000 | $33M | 0.1% | 2025-Q2 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.