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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 14,152,957 | $4.6B | 9.0% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 14,035,127 | $4.6B | 9.0% | 2026-Q1 |
| STATE STREET CORP trimmed | 9,372,729 | $3.1B | 6.0% | 2026-Q1 |
| FMR LLC added | 7,076,592 | $2.3B | 4.5% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 5,842,538 | $1.9B | 3.7% | 2026-Q1 |
| Invesco Ltd. added | 5,561,362 | $1.8B | 3.5% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 5,306,225 | $1.7B | 3.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 4,699,112 | $1.5B | 3.0% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 4,266,493 | $1.4B | 2.7% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 4,211,739 | $1.4B | 2.7% | 2026-Q1 |
| Fundsmith LLP trimmed | 3,370,872 | $1.1B | 2.2% | 2026-Q1 |
| Capital International Investors trimmed | 3,078,240 | $1.0B | 2.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 3,064,108 | $978M | 1.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 2,395,765 | $784M | 1.5% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 2,170,788 | $710M | 1.4% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,887,986 | $618M | 1.2% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 1,751,159 | $573M | 1.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 1,667,249 | $545M | 1.1% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,652,056 | $540M | 1.1% | 2026-Q1 |
| PARNASSUS INVESTMENTS, LLC added | 1,588,018 | $519M | 1.0% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,422,132 | $465M | 0.9% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 1,298,508 | $425M | 0.8% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 1,289,621 | $422M | 0.8% | 2026-Q1 |
| NORGES BANK trimmed | 1,754,554 | $418M | 0.8% | 2026-Q1 |
| Legal & General Group Plc trimmed | 1,270,302 | $415M | 0.8% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 1,255,799 | $411M | 0.8% | 2026-Q1 |
| FUNDSMITH INVESTMENT SERVICES LTD. trimmed | 1,199,125 | $392M | 0.8% | 2026-Q1 |
| UBS Group AG trimmed | 1,177,197 | $385M | 0.8% | 2026-Q1 |
| MARSHALL WACE, LLP added | 1,034,272 | $338M | 0.7% | 2026-Q1 |
| BARCLAYS PLC added | 949,449 | $311M | 0.6% | 2026-Q1 |
| Fayez Sarofim & Co trimmed | 859,756 | $281M | 0.5% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 809,364 | $266M | 0.5% | 2026-Q1 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 782,753 | $256M | 0.5% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 727,472 | $238M | 0.5% | 2026-Q1 |
| Swiss National Bank added | 669,398 | $219M | 0.4% | 2026-Q1 |
| Ensign Peak Advisors, Inc trimmed | 660,365 | $216M | 0.4% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 650,715 | $213M | 0.4% | 2026-Q1 |
| Amundi trimmed | 627,688 | $205M | 0.4% | 2026-Q1 |
| National Pension Service added | 613,190 | $201M | 0.4% | 2026-Q1 |
| Nuveen, LLC trimmed | 605,081 | $198M | 0.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 591,035 | $193M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 585,571 | $192M | 0.4% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC added | 552,842 | $181M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 551,074 | $180M | 0.4% | 2026-Q1 |
| FIRST MANHATTAN CO. LLC. trimmed | 537,617 | $176M | 0.3% | 2026-Q1 |
| HARBOR INVESTMENT ADVISORY, LLC trimmed | 533,911 | $175M | 0.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 529,887 | $173M | 0.3% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 523,586 | $171M | 0.3% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 522,467 | $171M | 0.3% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 508,947 | $166M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 483,025 | $158M | 0.3% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 457,079 | $149M | 0.3% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 453,986 | $148M | 0.3% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 474,021 | $147M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 436,524 | $143M | 0.3% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. added | 436,306 | $143M | 0.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 426,804 | $140M | 0.3% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 423,072 | $138M | 0.3% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 414,915 | $136M | 0.3% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 392,311 | $128M | 0.3% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 391,693 | $128M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 389,675 | $127M | 0.2% | 2026-Q1 |
| Junto Capital Management LP new | 388,322 | $127M | 0.2% | 2026-Q1 |
| USS Investment Management Ltd trimmed | 380,667 | $124M | 0.2% | 2026-Q1 |
| Boston Partners trimmed | 372,697 | $122M | 0.2% | 2026-Q1 |
| ProShare Advisors LLC trimmed | 368,875 | $121M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 352,453 | $115M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 341,900 | $112M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC added | 341,258 | $112M | 0.2% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 323,528 | $106M | 0.2% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 309,837 | $101M | 0.2% | 2026-Q1 |
| Assenagon Asset Management S.A. added | 307,658 | $101M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 302,985 | $99M | 0.2% | 2026-Q1 |
| Bank Julius Baer & Co. Ltd, Zurich added | 303,674 | $99M | 0.2% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO trimmed | 273,464 | $89M | 0.2% | 2026-Q1 |
| CIBC Bancorp USA Inc. added | 272,484 | $89M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 264,186 | $86M | 0.2% | 2026-Q1 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 259,160 | $85M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 255,249 | $83M | 0.2% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ added | 251,655 | $82M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 258,051 | $82M | 0.2% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 248,574 | $81M | 0.2% | 2026-Q1 |
| Quilter Plc trimmed | 243,111 | $80M | 0.2% | 2026-Q1 |
| United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund trimmed | 237,708 | $78M | 0.2% | 2026-Q1 |
| First Pacific Advisors, LP trimmed | 232,754 | $76M | 0.1% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 222,534 | $73M | 0.1% | 2026-Q1 |
| HERITAGE INVESTORS MANAGEMENT CORP trimmed | 222,137 | $73M | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 217,516 | $71M | 0.1% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH trimmed | 215,371 | $70M | 0.1% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND trimmed | 214,856 | $70M | 0.1% | 2026-Q1 |
| Square Wave Capital, LLC trimmed | 214,240 | $70M | 0.1% | 2026-Q1 |
| LPL Financial LLC trimmed | 213,233 | $70M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 210,346 | $69M | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC added | 208,938 | $68M | 0.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 205,897 | $67M | 0.1% | 2026-Q1 |
| AVIVA PLC added | 202,730 | $66M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 20,679,488 | $6.4B | 12.5% | 2025-Q4 stale |
| Capital World Investors added | 643,560 | $168M | 0.3% | 2025-Q3 stale |
| Capital Research Global Investors trimmed | 361,603 | $86M | 0.2% | 2025-Q1 stale |
| CIBC Private Wealth Group LLC trimmed | 230,566 | $72M | 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.