Who owns LW (LW)
Which tracked institutional funds hold LW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LW 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
130 tracked funds added or opened LW while 148 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
LW’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes LW more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in LW 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 561 tracked filers holding LW, 274 increased or opened the position and 364 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 LW 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 39
- VANGUARD PORTFOLIO MANAGEMENT LLC$345M
- VANGUARD CAPITAL MANAGEMENT LLC$264M
- Starboard Value LP$258M
- JUPITER ASSET MANAGEMENT LTD$40M
- BRANDES INVESTMENT PARTNERS, LP$40M
- VANGUARD FIDUCIARY TRUST CO$36M
Full exits 65
- VANGUARD GROUP INC$680M
- Capital Research Global Investors$118M
- Boston Partners$86M
- ION Fund Management Ltd$24M
- DekaBank Deutsche Girozentrale$11M
- MAGNOLIA GROUP, LLC$9M
Largest adds
- BlackRock, Inc.$157M
- AQR CAPITAL MANAGEMENT LLC$66M
- FMR LLC$62M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$48M
- UBS Group AG$27M
- DIMENSIONAL FUND ADVISORS LP$26M
Largest trims
- M&T Bank Corp$252M
- Invesco Ltd.$120M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$88M
- NORGES BANK$68M
- Clarkston Capital Partners, LLC$59M
- GEODE CAPITAL MANAGEMENT, LLC$47M
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 |
|---|---|---|---|---|
| BlackRock, Inc. added | 15,599,131 | $659M | 10.5% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 9,467,181 | $400M | 6.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 8,171,388 | $345M | 5.5% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 7,295,964 | $299M | 4.8% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 6,239,858 | $264M | 4.2% | 2026-Q1 |
| Starboard Value LP new | 6,114,982 | $258M | 4.1% | 2026-Q1 |
| JANA Partners Management, LP | 5,008,635 | $212M | 3.4% | 2026-Q1 |
| STATE STREET CORP trimmed | 4,575,524 | $193M | 3.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,742,208 | $116M | 1.8% | 2026-Q1 |
| CONTINENTAL GRAIN CO added | 2,634,080 | $111M | 1.8% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 2,368,604 | $100M | 1.6% | 2026-Q1 |
| BROOKFIELD Corp /ON/ | 2,226,311 | $94M | 1.5% | 2026-Q1 |
| FMR LLC added | 2,104,492 | $89M | 1.4% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 2,087,865 | $85M | 1.4% | 2026-Q1 |
| LONDON CO OF VIRGINIA trimmed | 1,969,879 | $83M | 1.3% | 2026-Q1 |
| UBS Group AG added | 1,784,762 | $75M | 1.2% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1,642,417 | $69M | 1.1% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 1,559,808 | $66M | 1.0% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 1,451,954 | $61M | 1.0% | 2026-Q1 |
| Douglas Lane & Associates, LLC added | 1,430,629 | $60M | 1.0% | 2026-Q1 |
| NORGES BANK trimmed | 1,080,897 | $58M | 0.9% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,201,497 | $51M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 1,198,154 | $51M | 0.8% | 2026-Q1 |
| BARCLAYS PLC added | 1,167,954 | $49M | 0.8% | 2026-Q1 |
| ROYAL LONDON ASSET MANAGEMENT LTD trimmed | 1,066,181 | $45M | 0.7% | 2026-Q1 |
| Clarkston Capital Partners, LLC trimmed | 990,705 | $42M | 0.7% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 951,895 | $40M | 0.6% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD added | 943,326 | $40M | 0.6% | 2026-Q1 |
| BRANDES INVESTMENT PARTNERS, LP new | 942,284 | $40M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 863,492 | $36M | 0.6% | 2026-Q1 |
| Swedbank AB trimmed | 834,000 | $35M | 0.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 807,512 | $34M | 0.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 727,324 | $31M | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 709,137 | $30M | 0.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 691,684 | $29M | 0.5% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 690,493 | $29M | 0.5% | 2026-Q1 |
| Amundi added | 582,358 | $25M | 0.4% | 2026-Q1 |
| Nuveen, LLC added | 569,443 | $24M | 0.4% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 525,541 | $22M | 0.3% | 2026-Q1 |
| Ensign Peak Advisors, Inc added | 508,639 | $21M | 0.3% | 2026-Q1 |
| Public Sector Pension Investment Board added | 496,851 | $21M | 0.3% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 466,102 | $20M | 0.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 456,803 | $19M | 0.3% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC added | 435,618 | $18M | 0.3% | 2026-Q1 |
| STALEY CAPITAL ADVISERS INC added | 418,460 | $18M | 0.3% | 2026-Q1 |
| Gotham Asset Management, LLC added | 414,218 | $18M | 0.3% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 407,660 | $17M | 0.3% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 406,830 | $17M | 0.3% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 398,761 | $17M | 0.3% | 2026-Q1 |
| LIBERTY ONE INVESTMENT MANAGEMENT, LLC trimmed | 395,958 | $17M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 372,200 | $16M | 0.3% | 2026-Q1 |
| Alberta Investment Management Corp added | 367,600 | $16M | 0.2% | 2026-Q1 |
| Invesco Ltd. trimmed | 362,394 | $15M | 0.2% | 2026-Q1 |
| DEPRINCE RACE & ZOLLO INC trimmed | 362,327 | $15M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 349,168 | $15M | 0.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 340,561 | $14M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 337,079 | $14M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 325,898 | $14M | 0.2% | 2026-Q1 |
| Legal & General Group Plc added | 320,452 | $14M | 0.2% | 2026-Q1 |
| Cerity Partners LLC added | 319,074 | $13M | 0.2% | 2026-Q1 |
| LPL Financial LLC added | 308,292 | $13M | 0.2% | 2026-Q1 |
| STRS OHIO trimmed | 305,217 | $13M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP trimmed | 302,406 | $13M | 0.2% | 2026-Q1 |
| UMB Bank, n.a. added | 296,370 | $13M | 0.2% | 2026-Q1 |
| COOPER CREEK PARTNERS MANAGEMENT LLC trimmed | 284,928 | $12M | 0.2% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC new | 281,250 | $12M | 0.2% | 2026-Q1 |
| Empowered Funds, LLC added | 280,522 | $12M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC trimmed | 276,116 | $12M | 0.2% | 2026-Q1 |
| NATIXIS ADVISORS, LLC trimmed | 274,270 | $12M | 0.2% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 273,192 | $12M | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 271,129 | $11M | 0.2% | 2026-Q1 |
| T. Rowe Price Investment Management, Inc. added | 269,768 | $11M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 269,543 | $11M | 0.2% | 2026-Q1 |
| Swiss National Bank | 261,000 | $11M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 265,088 | $11M | 0.2% | 2026-Q1 |
| GRANDFIELD & DODD, LLC added | 252,083 | $11M | 0.2% | 2026-Q1 |
| Goodman Financial Corp added | 245,705 | $10M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 230,389 | $10M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 211,088 | $9M | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 209,153 | $9M | 0.1% | 2026-Q1 |
| LEVEL FOUR ADVISORY SERVICES, LLC trimmed | 202,404 | $9M | 0.1% | 2026-Q1 |
| ALGERT GLOBAL LLC added | 197,462 | $8M | 0.1% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND trimmed | 197,278 | $8M | 0.1% | 2026-Q1 |
| Cetera Investment Advisers added | 196,147 | $8M | 0.1% | 2026-Q1 |
| HUNTINGTON NATIONAL BANK added | 185,384 | $8M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 16,241,022 | $680M | 10.8% | 2025-Q4 stale |
| Capital Research Global Investors added | 2,820,000 | $118M | 1.9% | 2025-Q4 stale |
| Southpoint Capital Advisors LP added | 2,000,000 | $107M | 1.7% | 2025-Q1 stale |
| Boston Partners trimmed | 2,042,216 | $86M | 1.4% | 2025-Q4 stale |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 1,401,560 | $73M | 1.2% | 2025-Q2 stale |
| Gates Capital Management, Inc. trimmed | 1,096,923 | $64M | 1.0% | 2025-Q3 stale |
| FULLER & THALER ASSET MANAGEMENT, INC. added | 948,346 | $55M | 0.9% | 2025-Q3 stale |
| Ion Asset Management Ltd. trimmed | 524,905 | $30M | 0.5% | 2025-Q3 stale |
| Ninety One UK Ltd trimmed | 548,427 | $29M | 0.5% | 2025-Q1 stale |
| ION Fund Management Ltd new | 562,314 | $24M | 0.4% | 2025-Q4 stale |
| Interval Partners, LP added | 219,819 | $13M | 0.2% | 2025-Q3 stale |
| DekaBank Deutsche Girozentrale | 113,557 | $11M | 0.2% | 2025-Q4 stale |
| J. Goldman & Co LP trimmed | 171,485 | $9M | 0.1% | 2025-Q1 stale |
| NICOLA WEALTH MANAGEMENT LTD. | 167,300 | $9M | 0.1% | 2025-Q1 stale |
| MAGNOLIA GROUP, LLC new | 212,500 | $9M | 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.