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Institutional Ownership · SEC Form 13F

Who owns MLR (MLR)


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

151
Institutional holders
10,035,325
Shares held (tracked funds)
88.2%
Of shares outstanding

How the tape is positioned

43 tracked funds added or opened MLR while 20 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

MLR’s largest tracked holder by dollar value, FMR LLC, 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 MLR more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in MLR 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 151 tracked filers holding MLR, 71 increased or opened the position and 77 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 MLR 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 6

  • VANGUARD CAPITAL MANAGEMENT LLC$23M
  • HEARTLAND ADVISORS INC$5M
  • VANGUARD PORTFOLIO MANAGEMENT LLC$4M
  • VANGUARD FIDUCIARY TRUST CO$3M
  • DEPRINCE RACE & ZOLLO INC$3M
  • FRANKLIN RESOURCES INC$899K

Full exits 7

  • VANGUARD GROUP INC$24M
  • Perritt Capital Management Inc$994K
  • Rothschild Wealth LLC$994K
  • AlphaQuest LLC$963K
  • TWO SIGMA ADVISERS, LP$661K
  • Point72 Asset Management, L.P.$565K

Largest adds

  • NEUBERGER BERMAN GROUP LLC$10M
  • FMR LLC$7M
  • DIMENSIONAL FUND ADVISORS LP$5M
  • BlackRock, Inc.$4M
  • SYSTEMATIC FINANCIAL MANAGEMENT LP$4M
  • Azarias Capital Management, L.P.$4M

Largest trims

  • MILLENNIUM MANAGEMENT LLC$3M
  • Squarepoint Ops LLC$1M
  • WELLS FARGO & COMPANY/MN$909K
  • RENAISSANCE TECHNOLOGIES LLC$734K
  • DIAMOND HILL CAPITAL MANAGEMENT INC$718K
  • HRT FINANCIAL LP$669K

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
FMR LLC trimmed1,219,177$56M10.5%2026-Q1
NEUBERGER BERMAN GROUP LLC added1,092,315$50M9.5%2026-Q1
BlackRock, Inc. trimmed807,955$37M7.0%2026-Q1
DIMENSIONAL FUND ADVISORS LP trimmed689,446$31M6.0%2026-Q1
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed520,971$24M4.5%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new496,371$23M4.3%2026-Q1
SYSTEMATIC FINANCIAL MANAGEMENT LP added446,339$20M3.9%2026-Q1
GOLDMAN SACHS GROUP INC added313,846$14M2.7%2026-Q1
FIRST WILSHIRE SECURITIES MANAGEMENT INC added299,036$14M2.6%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added274,873$13M2.4%2026-Q1
STATE STREET CORP trimmed231,235$11M2.0%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed200,233$9M1.7%2026-Q1
MORGAN STANLEY trimmed188,021$9M1.6%2026-Q1
Pacific Ridge Capital Partners, LLC added136,819$6M1.2%2026-Q1
ROYCE & ASSOCIATES LP trimmed126,956$6M1.1%2026-Q1
HEARTLAND ADVISORS INC new120,000$5M1.0%2026-Q1
Bank of New York Mellon Corp added116,123$5M1.0%2026-Q1
Invenomic Capital Management LP added114,896$5M1.0%2026-Q1
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. added110,477$5M1.0%2026-Q1
Azarias Capital Management, L.P. added110,426$5M1.0%2026-Q1
Diversified Investment Strategies, LLC added106,920$5M0.9%2026-Q1
NORTHERN TRUST CORP added93,046$4M0.8%2026-Q1
Allspring Global Investments Holdings, LLC added91,977$4M0.8%2026-Q1
Qube Research & Technologies Ltd trimmed87,071$4M0.8%2026-Q1
TWO SIGMA INVESTMENTS, LP added84,531$4M0.7%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new76,903$4M0.7%2026-Q1
CITADEL ADVISORS LLC trimmed75,930$3M0.7%2026-Q1
AMERICAN CENTURY COMPANIES INC added74,710$3M0.6%2026-Q1
VANGUARD FIDUCIARY TRUST CO new74,328$3M0.6%2026-Q1
D. E. Shaw & Co., Inc. trimmed74,091$3M0.6%2026-Q1
ISTHMUS PARTNERS, LLC added72,516$3M0.6%2026-Q1
CITIGROUP INC trimmed71,279$3M0.6%2026-Q1
MILLENNIUM MANAGEMENT LLC trimmed64,374$3M0.6%2026-Q1
Uncommon Cents Investing LLC added64,339$3M0.6%2026-Q1
North Star Investment Management Corp. added61,506$3M0.5%2026-Q1
DEPRINCE RACE & ZOLLO INC new58,140$3M0.5%2026-Q1
Russell Investments Group, Ltd. added57,827$3M0.5%2026-Q1
JACOBS LEVY EQUITY MANAGEMENT, INC trimmed56,204$3M0.5%2026-Q1
BANK OF AMERICA CORP /DE/ trimmed51,367$2M0.4%2026-Q1
SEI INVESTMENTS CO added46,565$2M0.4%2026-Q1
TUDOR INVESTMENT CORP ET AL trimmed44,014$2M0.4%2026-Q1
Empowered Funds, LLC added42,073$2M0.4%2026-Q1
BRIDGEWAY CAPITAL MANAGEMENT, LLC added42,073$2M0.4%2026-Q1
AQR CAPITAL MANAGEMENT LLC added41,758$2M0.4%2026-Q1
Quantinno Capital Management LP added38,616$2M0.3%2026-Q1
JANE STREET GROUP, LLC trimmed37,565$2M0.3%2026-Q1
GHP Investment Advisors, Inc. trimmed35,131$2M0.3%2026-Q1
Sovereign's Capital Management, LLC trimmed28,914$1M0.3%2026-Q1
Orion Porfolio Solutions, LLC added27,964$1M0.2%2026-Q1
Nuveen, LLC added27,617$1M0.2%2026-Q1
VICTORY CAPITAL MANAGEMENT INC trimmed25,350$1M0.2%2026-Q1
RBF Capital, LLC trimmed25,000$1M0.2%2026-Q1
HRT FINANCIAL LP trimmed24,182$1M0.2%2026-Q1
BARCLAYS PLC trimmed23,700$1M0.2%2026-Q1
RENAISSANCE TECHNOLOGIES LLC trimmed23,000$1M0.2%2026-Q1
Invesco Ltd. added22,009$1M0.2%2026-Q1
Olstein Capital Management, L.P.21,500$979K0.2%2026-Q1
AMERIPRISE FINANCIAL INC trimmed20,843$949K0.2%2026-Q1
XTX Topco Ltd added20,395$929K0.2%2026-Q1
FRANKLIN RESOURCES INC trimmed19,730$899K0.2%2026-Q1
STATE OF WISCONSIN INVESTMENT BOARD trimmed18,153$827K0.2%2026-Q1
Squarepoint Ops LLC trimmed16,925$771K0.1%2026-Q1
HHM Wealth Advisors, LLC16,757$763K0.1%2026-Q1
DIAMOND HILL CAPITAL MANAGEMENT INC trimmed16,621$757K0.1%2026-Q1
SummerHaven Investment Management, LLC trimmed16,370$746K0.1%2026-Q1
HARBOR CAPITAL ADVISORS, INC. added16,021$730K0.1%2026-Q1
RHUMBLINE ADVISERS trimmed14,231$648K0.1%2026-Q1
BARD ASSOCIATES INC trimmed14,027$639K0.1%2026-Q1
Numerai GP LLC trimmed13,854$631K0.1%2026-Q1
FCA CORP /TX13,200$601K0.1%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. trimmed12,006$547K0.1%2026-Q1
ALGERT GLOBAL LLC trimmed10,378$473K0.1%2026-Q1
VANGUARD GROUP INC trimmed642,629$24M4.6%2025-Q4 stale
Thrivent Financial for Lutherans trimmed396,000$18M3.3%2025-Q2 stale
Narwhal Capital Management added153,479$7M1.3%2025-Q2 stale
AdvisorShares Investments LLC trimmed106,002$4M0.8%2025-Q3 stale
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC added95,966$4M0.8%2025-Q2 stale
ADVISORY RESEARCH INC trimmed60,752$3M0.5%2025-Q2 stale
Brandywine Global Investment Management, LLC trimmed39,640$2M0.3%2025-Q2 stale
NORGES BANK28,300$2M0.3%2025-Q3 stale
FIRST TRUST ADVISORS LP added37,032$2M0.3%2025-Q2 stale
CW Advisors, LLC added23,125$1M0.2%2025-Q2 stale
STIFEL FINANCIAL CORP added24,194$1M0.2%2025-Q1 stale
Perritt Capital Management Inc26,607$994K0.2%2025-Q4 stale
Rothschild Wealth LLC new26,607$994K0.2%2025-Q4 stale
AlphaQuest LLC added25,764$963K0.2%2025-Q4 stale
ExodusPoint Capital Management, LP added23,547$952K0.2%2025-Q3 stale
Swiss National Bank21,900$885K0.2%2025-Q3 stale
Trexquant Investment LP added18,788$759K0.1%2025-Q3 stale
Orion Portfolio Solutions, LLC trimmed15,713$666K0.1%2025-Q1 stale
TWO SIGMA ADVISERS, LP trimmed17,700$661K0.1%2025-Q4 stale
JANUS HENDERSON GROUP PLC added15,411$654K0.1%2025-Q1 stale
EntryPoint Capital, LLC added14,756$596K0.1%2025-Q3 stale
Universal- Beteiligungs- und Servicegesellschaft mbH new14,312$578K0.1%2025-Q3 stale
Point72 Asset Management, L.P. added15,131$565K0.1%2025-Q4 stale
Huber Capital Management LLC trimmed14,703$549K0.1%2025-Q4 stale
POLEN CAPITAL MANAGEMENT LLC new11,530$513K0.1%2025-Q2 stale
BOSUN ASSET MANAGEMENT, LLC added11,530$513K0.1%2025-Q2 stale
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed11,989$508K0.1%2025-Q1 stale
SG Americas Securities, LLC added13,141$491K0.1%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