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Institutional Ownership · SEC Form 13F

Who owns MAR (MAR)


Which tracked institutional funds hold MAR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See MAR 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.

1,624
Institutional holders
158,992,112
Shares held (tracked funds)
59.8%
Of shares outstanding

How the tape is positioned

395 tracked funds added or opened MAR while 206 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

MAR’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp gap the other way — the median holder sizes MAR more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in MAR 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 1622 tracked filers holding MAR, 728 increased or opened the position and 712 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.

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 MAR 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 64

  • VANGUARD CAPITAL MANAGEMENT LLC$4.6B
  • VANGUARD PORTFOLIO MANAGEMENT LLC$1.4B
  • VANGUARD FIDUCIARY TRUST CO$411M
  • Vanguard Global Advisers, LLC$158M
  • VANGUARD ASSET MANAGEMENT, Ltd$127M
  • Junto Capital Management LP$127M

Full exits 58

  • VANGUARD GROUP INC$6.4B
  • CIBC Private Wealth Group LLC$72M
  • Crake Asset Management LLP$65M
  • SHERMAN PORFOLIOS, LLC$62M
  • Walleye Trading LLC$28M
  • CIBC WORLD MARKETS CORP$21M

Largest adds

  • Invesco Ltd.$441M
  • MARSHALL WACE, LLP$324M
  • FMR LLC$230M
  • GOLDMAN SACHS GROUP INC$176M
  • Robeco Institutional Asset Management B.V.$141M
  • STATE STREET CORP$135M

Largest trims

  • WELLINGTON MANAGEMENT GROUP LLP$750M
  • JPMORGAN CHASE & CO$434M
  • NORGES BANK$395M
  • Capital International Investors$268M
  • BlackRock, Inc.$240M
  • Fundsmith LLP$132M

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).

FundSharesReported value% of valueQuarter
BlackRock, Inc. trimmed14,152,957$4.6B9.0%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new14,035,127$4.6B9.0%2026-Q1
STATE STREET CORP trimmed9,372,729$3.1B6.0%2026-Q1
FMR LLC added7,076,592$2.3B4.5%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP trimmed5,842,538$1.9B3.7%2026-Q1
Invesco Ltd. added5,561,362$1.8B3.5%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added5,306,225$1.7B3.4%2026-Q1
MORGAN STANLEY trimmed4,699,112$1.5B3.0%2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed4,266,493$1.4B2.7%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new4,211,739$1.4B2.7%2026-Q1
Fundsmith LLP trimmed3,370,872$1.1B2.2%2026-Q1
Capital International Investors trimmed3,078,240$1.0B2.0%2026-Q1
JPMORGAN CHASE & CO trimmed3,064,108$978M1.9%2026-Q1
GOLDMAN SACHS GROUP INC added2,395,765$784M1.5%2026-Q1
NORTHERN TRUST CORP trimmed2,170,788$710M1.4%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed1,887,986$618M1.2%2026-Q1
CITADEL ADVISORS LLC added1,751,159$573M1.1%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ trimmed1,667,249$545M1.1%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added1,652,056$540M1.1%2026-Q1
PARNASSUS INVESTMENTS, LLC added1,588,018$519M1.0%2026-Q1
Bank of New York Mellon Corp trimmed1,422,132$465M0.9%2026-Q1
DEUTSCHE BANK AG\ added1,298,508$425M0.8%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed1,289,621$422M0.8%2026-Q1
NORGES BANK trimmed1,754,554$418M0.8%2026-Q1
Legal & General Group Plc trimmed1,270,302$415M0.8%2026-Q1
VANGUARD FIDUCIARY TRUST CO new1,255,799$411M0.8%2026-Q1
FUNDSMITH INVESTMENT SERVICES LTD. trimmed1,199,125$392M0.8%2026-Q1
UBS Group AG trimmed1,177,197$385M0.8%2026-Q1
MARSHALL WACE, LLP added1,034,272$338M0.7%2026-Q1
BARCLAYS PLC added949,449$311M0.6%2026-Q1
Fayez Sarofim & Co trimmed859,756$281M0.5%2026-Q1
HSBC HOLDINGS PLC added809,364$266M0.5%2026-Q1
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added782,753$256M0.5%2026-Q1
DIMENSIONAL FUND ADVISORS LP added727,472$238M0.5%2026-Q1
Swiss National Bank added669,398$219M0.4%2026-Q1
Ensign Peak Advisors, Inc trimmed660,365$216M0.4%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed650,715$213M0.4%2026-Q1
Amundi trimmed627,688$205M0.4%2026-Q1
National Pension Service added613,190$201M0.4%2026-Q1
Nuveen, LLC trimmed605,081$198M0.4%2026-Q1
ROYAL BANK OF CANADA trimmed591,035$193M0.4%2026-Q1
WELLS FARGO & COMPANY/MN added585,571$192M0.4%2026-Q1
VOYA INVESTMENT MANAGEMENT LLC added552,842$181M0.4%2026-Q1
RAYMOND JAMES FINANCIAL INC trimmed551,074$180M0.4%2026-Q1
FIRST MANHATTAN CO. LLC. trimmed537,617$176M0.3%2026-Q1
HARBOR INVESTMENT ADVISORY, LLC trimmed533,911$175M0.3%2026-Q1
Mitsubishi UFJ Asset Management Co., Ltd. added529,887$173M0.3%2026-Q1
Sumitomo Mitsui Trust Group, Inc. trimmed523,586$171M0.3%2026-Q1
NEUBERGER BERMAN GROUP LLC added522,467$171M0.3%2026-Q1
California Public Employees Retirement System trimmed508,947$166M0.3%2026-Q1
Vanguard Global Advisers, LLC new483,025$158M0.3%2026-Q1
Pictet Asset Management Holding SA trimmed457,079$149M0.3%2026-Q1
SUSQUEHANNA INTERNATIONAL GROUP, LLP added453,986$148M0.3%2026-Q1
ALLIANCEBERNSTEIN L.P. trimmed474,021$147M0.3%2026-Q1
RHUMBLINE ADVISERS trimmed436,524$143M0.3%2026-Q1
Robeco Institutional Asset Management B.V. added436,306$143M0.3%2026-Q1
BANK OF MONTREAL /CAN/ trimmed426,804$140M0.3%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. trimmed423,072$138M0.3%2026-Q1
AMERICAN CENTURY COMPANIES INC added414,915$136M0.3%2026-Q1
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed392,311$128M0.3%2026-Q1
NATIXIS ADVISORS, LLC added391,693$128M0.2%2026-Q1
VANGUARD ASSET MANAGEMENT, Ltd new389,675$127M0.2%2026-Q1
Junto Capital Management LP new388,322$127M0.2%2026-Q1
USS Investment Management Ltd trimmed380,667$124M0.2%2026-Q1
Boston Partners trimmed372,697$122M0.2%2026-Q1
ProShare Advisors LLC trimmed368,875$121M0.2%2026-Q1
AMERIPRISE FINANCIAL INC added352,453$115M0.2%2026-Q1
CITIGROUP INC added341,900$112M0.2%2026-Q1
SG Americas Securities, LLC added341,258$112M0.2%2026-Q1
VICTORY CAPITAL MANAGEMENT INC added323,528$106M0.2%2026-Q1
BALYASNY ASSET MANAGEMENT L.P. added309,837$101M0.2%2026-Q1
Assenagon Asset Management S.A. added307,658$101M0.2%2026-Q1
BNP PARIBAS FINANCIAL MARKETS trimmed302,985$99M0.2%2026-Q1
Bank Julius Baer & Co. Ltd, Zurich added303,674$99M0.2%2026-Q1
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO trimmed273,464$89M0.2%2026-Q1
CIBC Bancorp USA Inc. added272,484$89M0.2%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed264,186$86M0.2%2026-Q1
PRIMECAP MANAGEMENT CO/CA/ trimmed259,160$85M0.2%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added255,249$83M0.2%2026-Q1
NATIONAL BANK OF CANADA /FI/ added251,655$82M0.2%2026-Q1
JONES FINANCIAL COMPANIES LLLP added258,051$82M0.2%2026-Q1
JANUS HENDERSON GROUP PLC trimmed248,574$81M0.2%2026-Q1
Quilter Plc trimmed243,111$80M0.2%2026-Q1
United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund trimmed237,708$78M0.2%2026-Q1
First Pacific Advisors, LP trimmed232,754$76M0.1%2026-Q1
VOLORIDGE INVESTMENT MANAGEMENT, LLC added222,534$73M0.1%2026-Q1
HERITAGE INVESTORS MANAGEMENT CORP trimmed222,137$73M0.1%2026-Q1
FRANKLIN RESOURCES INC added217,516$71M0.1%2026-Q1
Universal- Beteiligungs- und Servicegesellschaft mbH trimmed215,371$70M0.1%2026-Q1
NEW YORK STATE COMMON RETIREMENT FUND trimmed214,856$70M0.1%2026-Q1
Square Wave Capital, LLC trimmed214,240$70M0.1%2026-Q1
LPL Financial LLC trimmed213,233$70M0.1%2026-Q1
MILLENNIUM MANAGEMENT LLC added210,346$69M0.1%2026-Q1
Corient Private Wealth LLC added208,938$68M0.1%2026-Q1
D. E. Shaw & Co., Inc. added205,897$67M0.1%2026-Q1
AVIVA PLC added202,730$66M0.1%2026-Q1
VANGUARD GROUP INC trimmed20,679,488$6.4B12.5%2025-Q4 stale
Capital World Investors added643,560$168M0.3%2025-Q3 stale
Capital Research Global Investors trimmed361,603$86M0.2%2025-Q1 stale
CIBC Private Wealth Group LLC trimmed230,566$72M0.1%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.

HoldersTotal shares

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.

Learn how to read institutional ownership