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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FMR LLC trimmed | 1,219,177 | $56M | 10.5% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 1,092,315 | $50M | 9.5% | 2026-Q1 |
| BlackRock, Inc. trimmed | 807,955 | $37M | 7.0% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 689,446 | $31M | 6.0% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed | 520,971 | $24M | 4.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 496,371 | $23M | 4.3% | 2026-Q1 |
| SYSTEMATIC FINANCIAL MANAGEMENT LP added | 446,339 | $20M | 3.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 313,846 | $14M | 2.7% | 2026-Q1 |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC added | 299,036 | $14M | 2.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 274,873 | $13M | 2.4% | 2026-Q1 |
| STATE STREET CORP trimmed | 231,235 | $11M | 2.0% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 200,233 | $9M | 1.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 188,021 | $9M | 1.6% | 2026-Q1 |
| Pacific Ridge Capital Partners, LLC added | 136,819 | $6M | 1.2% | 2026-Q1 |
| ROYCE & ASSOCIATES LP trimmed | 126,956 | $6M | 1.1% | 2026-Q1 |
| HEARTLAND ADVISORS INC new | 120,000 | $5M | 1.0% | 2026-Q1 |
| Bank of New York Mellon Corp added | 116,123 | $5M | 1.0% | 2026-Q1 |
| Invenomic Capital Management LP added | 114,896 | $5M | 1.0% | 2026-Q1 |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. added | 110,477 | $5M | 1.0% | 2026-Q1 |
| Azarias Capital Management, L.P. added | 110,426 | $5M | 1.0% | 2026-Q1 |
| Diversified Investment Strategies, LLC added | 106,920 | $5M | 0.9% | 2026-Q1 |
| NORTHERN TRUST CORP added | 93,046 | $4M | 0.8% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 91,977 | $4M | 0.8% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 87,071 | $4M | 0.8% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 84,531 | $4M | 0.7% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 76,903 | $4M | 0.7% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 75,930 | $3M | 0.7% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 74,710 | $3M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 74,328 | $3M | 0.6% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 74,091 | $3M | 0.6% | 2026-Q1 |
| ISTHMUS PARTNERS, LLC added | 72,516 | $3M | 0.6% | 2026-Q1 |
| CITIGROUP INC trimmed | 71,279 | $3M | 0.6% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 64,374 | $3M | 0.6% | 2026-Q1 |
| Uncommon Cents Investing LLC added | 64,339 | $3M | 0.6% | 2026-Q1 |
| North Star Investment Management Corp. added | 61,506 | $3M | 0.5% | 2026-Q1 |
| DEPRINCE RACE & ZOLLO INC new | 58,140 | $3M | 0.5% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 57,827 | $3M | 0.5% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 56,204 | $3M | 0.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 51,367 | $2M | 0.4% | 2026-Q1 |
| SEI INVESTMENTS CO added | 46,565 | $2M | 0.4% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL trimmed | 44,014 | $2M | 0.4% | 2026-Q1 |
| Empowered Funds, LLC added | 42,073 | $2M | 0.4% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 42,073 | $2M | 0.4% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 41,758 | $2M | 0.4% | 2026-Q1 |
| Quantinno Capital Management LP added | 38,616 | $2M | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 37,565 | $2M | 0.3% | 2026-Q1 |
| GHP Investment Advisors, Inc. trimmed | 35,131 | $2M | 0.3% | 2026-Q1 |
| Sovereign's Capital Management, LLC trimmed | 28,914 | $1M | 0.3% | 2026-Q1 |
| Orion Porfolio Solutions, LLC added | 27,964 | $1M | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 27,617 | $1M | 0.2% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 25,350 | $1M | 0.2% | 2026-Q1 |
| RBF Capital, LLC trimmed | 25,000 | $1M | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 24,182 | $1M | 0.2% | 2026-Q1 |
| BARCLAYS PLC trimmed | 23,700 | $1M | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 23,000 | $1M | 0.2% | 2026-Q1 |
| Invesco Ltd. added | 22,009 | $1M | 0.2% | 2026-Q1 |
| Olstein Capital Management, L.P. | 21,500 | $979K | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 20,843 | $949K | 0.2% | 2026-Q1 |
| XTX Topco Ltd added | 20,395 | $929K | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 19,730 | $899K | 0.2% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 18,153 | $827K | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 16,925 | $771K | 0.1% | 2026-Q1 |
| HHM Wealth Advisors, LLC | 16,757 | $763K | 0.1% | 2026-Q1 |
| DIAMOND HILL CAPITAL MANAGEMENT INC trimmed | 16,621 | $757K | 0.1% | 2026-Q1 |
| SummerHaven Investment Management, LLC trimmed | 16,370 | $746K | 0.1% | 2026-Q1 |
| HARBOR CAPITAL ADVISORS, INC. added | 16,021 | $730K | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 14,231 | $648K | 0.1% | 2026-Q1 |
| BARD ASSOCIATES INC trimmed | 14,027 | $639K | 0.1% | 2026-Q1 |
| Numerai GP LLC trimmed | 13,854 | $631K | 0.1% | 2026-Q1 |
| FCA CORP /TX | 13,200 | $601K | 0.1% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 12,006 | $547K | 0.1% | 2026-Q1 |
| ALGERT GLOBAL LLC trimmed | 10,378 | $473K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 642,629 | $24M | 4.6% | 2025-Q4 stale |
| Thrivent Financial for Lutherans trimmed | 396,000 | $18M | 3.3% | 2025-Q2 stale |
| Narwhal Capital Management added | 153,479 | $7M | 1.3% | 2025-Q2 stale |
| AdvisorShares Investments LLC trimmed | 106,002 | $4M | 0.8% | 2025-Q3 stale |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC added | 95,966 | $4M | 0.8% | 2025-Q2 stale |
| ADVISORY RESEARCH INC trimmed | 60,752 | $3M | 0.5% | 2025-Q2 stale |
| Brandywine Global Investment Management, LLC trimmed | 39,640 | $2M | 0.3% | 2025-Q2 stale |
| NORGES BANK | 28,300 | $2M | 0.3% | 2025-Q3 stale |
| FIRST TRUST ADVISORS LP added | 37,032 | $2M | 0.3% | 2025-Q2 stale |
| CW Advisors, LLC added | 23,125 | $1M | 0.2% | 2025-Q2 stale |
| STIFEL FINANCIAL CORP added | 24,194 | $1M | 0.2% | 2025-Q1 stale |
| Perritt Capital Management Inc | 26,607 | $994K | 0.2% | 2025-Q4 stale |
| Rothschild Wealth LLC new | 26,607 | $994K | 0.2% | 2025-Q4 stale |
| AlphaQuest LLC added | 25,764 | $963K | 0.2% | 2025-Q4 stale |
| ExodusPoint Capital Management, LP added | 23,547 | $952K | 0.2% | 2025-Q3 stale |
| Swiss National Bank | 21,900 | $885K | 0.2% | 2025-Q3 stale |
| Trexquant Investment LP added | 18,788 | $759K | 0.1% | 2025-Q3 stale |
| Orion Portfolio Solutions, LLC trimmed | 15,713 | $666K | 0.1% | 2025-Q1 stale |
| TWO SIGMA ADVISERS, LP trimmed | 17,700 | $661K | 0.1% | 2025-Q4 stale |
| JANUS HENDERSON GROUP PLC added | 15,411 | $654K | 0.1% | 2025-Q1 stale |
| EntryPoint Capital, LLC added | 14,756 | $596K | 0.1% | 2025-Q3 stale |
| Universal- Beteiligungs- und Servicegesellschaft mbH new | 14,312 | $578K | 0.1% | 2025-Q3 stale |
| Point72 Asset Management, L.P. added | 15,131 | $565K | 0.1% | 2025-Q4 stale |
| Huber Capital Management LLC trimmed | 14,703 | $549K | 0.1% | 2025-Q4 stale |
| POLEN CAPITAL MANAGEMENT LLC new | 11,530 | $513K | 0.1% | 2025-Q2 stale |
| BOSUN ASSET MANAGEMENT, LLC added | 11,530 | $513K | 0.1% | 2025-Q2 stale |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 11,989 | $508K | 0.1% | 2025-Q1 stale |
| SG Americas Securities, LLC added | 13,141 | $491K | 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.