Who owns LQD
Which tracked institutional funds hold LQD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LQD company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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
219 tracked funds added or opened LQD while 245 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
LQD’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.0pp gap the other way — the median holder sizes LQD more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in LQD 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 1091 tracked filers holding LQD, 534 increased or opened the position and 526 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 LQD 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 35
- HRT FINANCIAL LP$40M
- GSA CAPITAL PARTNERS LLP$28M
- SIMPLEX TRADING, LLC$23M
- CIBC Bancorp USA Inc.$23M
- TIFF ADVISORY SERVICES, LLC$14M
- Schonfeld Strategic Advisors LLC$13M
Full exits 80
- Caisse de depot et placement du Quebec$218M
- Penn Mutual Asset Management$142M
- Centiva Capital, LP$112M
- WELLINGTON MANAGEMENT GROUP LLP$60M
- D. E. Shaw & Co., Inc.$44M
- BANK OF KOREA$44M
Largest adds
- GOLDMAN SACHS GROUP INC$1.6B
- PRUDENTIAL FINANCIAL INC$973M
- BNP PARIBAS FINANCIAL MARKETS$668M
- BARINGS LLC$633M
- CITADEL ADVISORS LLC$615M
- AMERIPRISE FINANCIAL INC$481M
Largest trims
- SONA ASSET MANAGEMENT (US) LLC$651M
- APG Asset Management US Inc.$315M
- Nuveen, LLC$305M
- JPMORGAN CHASE & CO$257M
- Japan Science & Technology Agency$209M
- DEUTSCHE BANK AG\$180M
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 |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ added | 25,799,022 | $2.8B | 8.6% | 2026-Q1 |
| BlackRock, Inc. added | 20,493,932 | $2.2B | 6.8% | 2026-Q1 |
| Meiji Yasuda Life Insurance Co | 19,120,368 | $2.1B | 6.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 15,626,475 | $1.7B | 5.2% | 2026-Q1 |
| MORGAN STANLEY added | 14,821,301 | $1.6B | 4.9% | 2026-Q1 |
| Nuveen, LLC trimmed | 10,987,000 | $1.2B | 3.7% | 2026-Q1 |
| Financial Engines Advisors L.L.C. trimmed | 10,913,210 | $1.2B | 3.6% | 2026-Q1 |
| Wealthfront Advisers LLC trimmed | 10,734,837 | $1.2B | 3.6% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 10,601,426 | $1.2B | 3.5% | 2026-Q1 |
| BARINGS LLC added | 8,612,363 | $939M | 2.9% | 2026-Q1 |
| Japan Science & Technology Agency trimmed | 8,506,450 | $927M | 2.8% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 8,003,542 | $877M | 2.7% | 2026-Q1 |
| Allianz SE | 7,862,205 | $857M | 2.6% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 6,244,041 | $681M | 2.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 6,122,891 | $667M | 2.0% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 5,950,200 | $649M | 2.0% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 5,432,574 | $592M | 1.8% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 5,247,824 | $572M | 1.7% | 2026-Q1 |
| UBS Group AG trimmed | 5,103,672 | $556M | 1.7% | 2026-Q1 |
| LPL Financial LLC added | 4,199,050 | $458M | 1.4% | 2026-Q1 |
| National Mutual Insurance Federation of Agricultural Cooperatives | 4,040,400 | $440M | 1.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. trimmed | 3,708,265 | $404M | 1.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC added | 3,443,454 | $375M | 1.1% | 2026-Q1 |
| BNP PARIBAS added | 2,573,766 | $281M | 0.9% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 2,465,779 | $269M | 0.8% | 2026-Q1 |
| Empower Annuity Insurance Co | 2,456,850 | $268M | 0.8% | 2026-Q1 |
| BARCLAYS PLC added | 2,439,075 | $266M | 0.8% | 2026-Q1 |
| Symetra Investment Management Co added | 2,371,880 | $259M | 0.8% | 2026-Q1 |
| STATE OF MICHIGAN RETIREMENT SYSTEM | 2,172,400 | $237M | 0.7% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 2,092,710 | $227M | 0.7% | 2026-Q1 |
| Brevan Howard Capital Management LP added | 1,975,000 | $215M | 0.7% | 2026-Q1 |
| Migdal Insurance & Financial Holdings Ltd. | 1,965,000 | $214M | 0.7% | 2026-Q1 |
| Fisher Asset Management, LLC trimmed | 1,860,386 | $203M | 0.6% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 1,777,741 | $194M | 0.6% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 1,625,304 | $176M | 0.5% | 2026-Q1 |
| Members Trust Co added | 1,569,008 | $171M | 0.5% | 2026-Q1 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | 1,368,140 | $149M | 0.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,160,780 | $127M | 0.4% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 1,126,162 | $123M | 0.4% | 2026-Q1 |
| SONA ASSET MANAGEMENT (US) LLC trimmed | 1,114,088 | $121M | 0.4% | 2026-Q1 |
| North Dakota State Investment Board added | 1,111,374 | $121M | 0.4% | 2026-Q1 |
| Cetera Investment Advisers added | 1,035,759 | $113M | 0.3% | 2026-Q1 |
| Bridgewater Associates, LP added | 1,021,700 | $111M | 0.3% | 2026-Q1 |
| Trajan Wealth LLC added | 101,085 | $110M | 0.3% | 2026-Q1 |
| ASSETMARK, INC trimmed | 996,590 | $109M | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 995,764 | $109M | 0.3% | 2026-Q1 |
| GDS Wealth Management added | 994,088 | $108M | 0.3% | 2026-Q1 |
| Legal & General Group Plc trimmed | 979,625 | $107M | 0.3% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 914,723 | $100M | 0.3% | 2026-Q1 |
| Valmark Advisers, Inc. added | 891,382 | $97M | 0.3% | 2026-Q1 |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. added | 835,038 | $91M | 0.3% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC trimmed | 817,304 | $89M | 0.3% | 2026-Q1 |
| TD Asset Management Inc added | 804,261 | $88M | 0.3% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 726,716 | $79M | 0.2% | 2026-Q1 |
| APG Asset Management US Inc. trimmed | 698,893 | $76M | 0.2% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 688,048 | $75M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 685,161 | $75M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 588,086 | $64M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 575,000 | $63M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 549,674 | $60M | 0.2% | 2026-Q1 |
| Creative Planning added | 541,154 | $59M | 0.2% | 2026-Q1 |
| PRUDENTIAL PLC added | 524,387 | $57M | 0.2% | 2026-Q1 |
| TORONTO DOMINION BANK added | 500,000 | $54M | 0.2% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 491,359 | $54M | 0.2% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 485,537 | $53M | 0.2% | 2026-Q1 |
| MetLife Investment Management, LLC trimmed | 434,940 | $47M | 0.1% | 2026-Q1 |
| Mirae Asset Global Investments Co., Ltd. trimmed | 411,064 | $45M | 0.1% | 2026-Q1 |
| State of New Jersey Common Pension Fund D trimmed | 410,991 | $45M | 0.1% | 2026-Q1 |
| AOZORA BANK, LTD. added | 400,000 | $44M | 0.1% | 2026-Q1 |
| Focus Partners Wealth added | 390,505 | $43M | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 384,708 | $42M | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP added | 368,388 | $40M | 0.1% | 2026-Q1 |
| RITHOLTZ WEALTH MANAGEMENT added | 356,381 | $39M | 0.1% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 350,054 | $38M | 0.1% | 2026-Q1 |
| PAYDEN & RYGEL trimmed | 347,496 | $38M | 0.1% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 346,472 | $38M | 0.1% | 2026-Q1 |
| iA Global Asset Management Inc. trimmed | 345,220 | $38M | 0.1% | 2026-Q1 |
| Sigma Planning Corp added | 341,308 | $37M | 0.1% | 2026-Q1 |
| Stratos Investment Management, LLC added | 340,111 | $37M | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 336,828 | $37M | 0.1% | 2026-Q1 |
| Cheviot Value Management, LLC added | 331,893 | $36M | 0.1% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. trimmed | 327,885 | $36M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 319,446 | $35M | 0.1% | 2026-Q1 |
| Atria Investments, Inc added | 317,778 | $35M | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 309,232 | $34M | 0.1% | 2026-Q1 |
| Kingsview Wealth Management, LLC added | 306,942 | $33M | 0.1% | 2026-Q1 |
| Leo Wealth, LLC added | 304,760 | $33M | 0.1% | 2026-Q1 |
| Allianz Investment Management U.S. LLC | 7,862,205 | $876M | 2.7% | 2025-Q3 stale |
| CANADA PENSION PLAN INVESTMENT BOARD added | 2,800,000 | $307M | 0.9% | 2025-Q2 stale |
| Caisse de depot et placement du Quebec trimmed | 1,980,100 | $218M | 0.7% | 2025-Q4 stale |
| Money Design Co.,Ltd. added | 1,558,854 | $171M | 0.5% | 2025-Q2 stale |
| Penn Mutual Asset Management new | 1,290,332 | $142M | 0.4% | 2025-Q4 stale |
| Centiva Capital, LP added | 1,015,000 | $112M | 0.3% | 2025-Q4 stale |
| Point72 Europe (London) LLP new | 545,000 | $60M | 0.2% | 2025-Q2 stale |
| WELLINGTON MANAGEMENT GROUP LLP added | 540,800 | $60M | 0.2% | 2025-Q4 stale |
| PANAGORA ASSET MANAGEMENT INC trimmed | 439,849 | $48M | 0.1% | 2025-Q1 stale |
| D. E. Shaw & Co., Inc. trimmed | 403,613 | $44M | 0.1% | 2025-Q4 stale |
| BANK OF KOREA | 396,053 | $44M | 0.1% | 2025-Q4 stale |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 350,825 | $38M | 0.1% | 2025-Q2 stale |
| Headlands Technologies LLC added | 331,248 | $37M | 0.1% | 2025-Q4 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.