Who owns NET (NET)
Which tracked institutional funds hold NET, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NET 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
372 tracked funds added or opened NET while 195 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
NET’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 NET more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in NET 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 1125 tracked filers holding NET, 651 increased or opened the position and 482 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 NET 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 77
- VANGUARD PORTFOLIO MANAGEMENT LLC$3.3B
- VANGUARD CAPITAL MANAGEMENT LLC$2.8B
- Capital International Investors$2.2B
- VANGUARD FIDUCIARY TRUST CO$413M
- VANGUARD ASSET MANAGEMENT, Ltd$112M
- CIBC Bancorp USA Inc.$102M
Full exits 60
- VANGUARD GROUP INC$6.4B
- TWO SIGMA ADVISERS, LP$461M
- CIBC Private Wealth Group LLC$110M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$101M
- Alyeska Investment Group, L.P.$66M
- Qube Research & Technologies Ltd$39M
Largest adds
- DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main$789M
- JENNISON ASSOCIATES LLC$539M
- WELLINGTON MANAGEMENT GROUP LLP$490M
- TWO SIGMA INVESTMENTS, LP$334M
- CITADEL ADVISORS LLC$330M
- FMR LLC$277M
Largest trims
- Capital World Investors$2.4B
- JPMORGAN CHASE & CO$1.5B
- BlackRock, Inc.$764M
- NORGES BANK$464M
- MORGAN STANLEY$273M
- Squarepoint Ops LLC$181M
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 |
|---|---|---|---|---|
| Capital World Investors trimmed | 22,735,569 | $4.7B | 8.0% | 2026-Q1 |
| BlackRock, Inc. trimmed | 17,942,965 | $3.7B | 6.3% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 16,039,889 | $3.3B | 5.7% | 2026-Q1 |
| BAILLIE GIFFORD & CO trimmed | 15,924,423 | $3.3B | 5.6% | 2026-Q1 |
| MORGAN STANLEY trimmed | 15,883,321 | $3.3B | 5.6% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 13,716,196 | $2.8B | 4.9% | 2026-Q1 |
| FMR LLC added | 13,524,693 | $2.8B | 4.8% | 2026-Q1 |
| Capital International Investors added | 10,893,165 | $2.2B | 3.9% | 2026-Q1 |
| STATE STREET CORP added | 7,178,719 | $1.5B | 2.5% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 5,993,429 | $1.2B | 2.1% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 5,902,745 | $1.1B | 2.0% | 2026-Q1 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 4,502,762 | $929M | 1.6% | 2026-Q1 |
| JENNISON ASSOCIATES LLC added | 4,394,484 | $907M | 1.6% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 4,007,184 | $827M | 1.4% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 3,774,026 | $779M | 1.3% | 2026-Q1 |
| SANDS CAPITAL MANAGEMENT, LLC trimmed | 3,661,749 | $756M | 1.3% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 3,627,255 | $748M | 1.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 3,350,775 | $691M | 1.2% | 2026-Q1 |
| Invesco Ltd. trimmed | 3,079,139 | $635M | 1.1% | 2026-Q1 |
| Legal & General Group Plc added | 2,954,174 | $610M | 1.0% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC added | 2,881,137 | $594M | 1.0% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 2,819,837 | $582M | 1.0% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 2,544,043 | $525M | 0.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 2,452,366 | $506M | 0.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 2,067,683 | $427M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 2,002,147 | $413M | 0.7% | 2026-Q1 |
| NORTHERN TRUST CORP added | 2,001,301 | $413M | 0.7% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 1,941,142 | $401M | 0.7% | 2026-Q1 |
| GILDER GAGNON HOWE & CO LLC added | 1,778,168 | $367M | 0.6% | 2026-Q1 |
| Amundi added | 1,707,256 | $352M | 0.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,612,450 | $333M | 0.6% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 1,607,668 | $332M | 0.6% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 1,596,439 | $329M | 0.6% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 1,576,501 | $325M | 0.6% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 1,467,110 | $303M | 0.5% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 1,394,868 | $288M | 0.5% | 2026-Q1 |
| Pictet Asset Management Holding SA added | 1,381,985 | $285M | 0.5% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 1,287,246 | $266M | 0.5% | 2026-Q1 |
| UBS Group AG added | 1,258,398 | $260M | 0.4% | 2026-Q1 |
| NORGES BANK trimmed | 2,255,812 | $254M | 0.4% | 2026-Q1 |
| 1832 Asset Management L.P. added | 1,212,900 | $250M | 0.4% | 2026-Q1 |
| Polar Capital Holdings Plc added | 1,164,084 | $240M | 0.4% | 2026-Q1 |
| Strategy Capital LLC added | 1,138,617 | $235M | 0.4% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 1,074,397 | $222M | 0.4% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,044,041 | $215M | 0.4% | 2026-Q1 |
| LORD, ABBETT & CO. LLC added | 992,060 | $205M | 0.4% | 2026-Q1 |
| MARSHALL WACE, LLP added | 986,607 | $204M | 0.3% | 2026-Q1 |
| National Pension Service trimmed | 944,441 | $195M | 0.3% | 2026-Q1 |
| Swedbank AB added | 927,606 | $191M | 0.3% | 2026-Q1 |
| Swiss National Bank added | 927,200 | $191M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 940,847 | $187M | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 906,505 | $180M | 0.3% | 2026-Q1 |
| Select Equity Group, L.P. added | 854,924 | $176M | 0.3% | 2026-Q1 |
| CITIGROUP INC trimmed | 805,193 | $166M | 0.3% | 2026-Q1 |
| Nuveen, LLC added | 735,908 | $152M | 0.3% | 2026-Q1 |
| Penserra Capital Management LLC added | 728,648 | $150M | 0.3% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 674,748 | $139M | 0.2% | 2026-Q1 |
| Artisan Partners Limited Partnership added | 668,158 | $138M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 616,121 | $127M | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 581,691 | $120M | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 581,821 | $119M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 564,120 | $116M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 553,157 | $114M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 541,958 | $112M | 0.2% | 2026-Q1 |
| WESTFIELD CAPITAL MANAGEMENT CO LP added | 541,566 | $112M | 0.2% | 2026-Q1 |
| FRED ALGER MANAGEMENT, LLC added | 538,062 | $111M | 0.2% | 2026-Q1 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC added | 536,384 | $111M | 0.2% | 2026-Q1 |
| Mitsubishi UFJ Trust & Banking Corp added | 511,468 | $106M | 0.2% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 506,756 | $105M | 0.2% | 2026-Q1 |
| CIBC Bancorp USA Inc. added | 494,899 | $102M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 465,859 | $96M | 0.2% | 2026-Q1 |
| BAMCO INC /NY/ added | 457,324 | $94M | 0.2% | 2026-Q1 |
| BARCLAYS PLC added | 441,519 | $91M | 0.2% | 2026-Q1 |
| Mariner, LLC added | 433,957 | $90M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 428,984 | $89M | 0.2% | 2026-Q1 |
| Woodline Partners LP added | 419,492 | $87M | 0.1% | 2026-Q1 |
| Amova Asset Management Americas, Inc. trimmed | 419,086 | $86M | 0.1% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 411,076 | $84M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 407,773 | $84M | 0.1% | 2026-Q1 |
| CREDIT AGRICOLE S A trimmed | 403,181 | $83M | 0.1% | 2026-Q1 |
| PEREGRINE CAPITAL MANAGEMENT LLC trimmed | 401,849 | $83M | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 398,589 | $82M | 0.1% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 391,272 | $81M | 0.1% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 384,775 | $79M | 0.1% | 2026-Q1 |
| SEI INVESTMENTS CO added | 383,521 | $79M | 0.1% | 2026-Q1 |
| BESSEMER GROUP INC added | 364,155 | $75M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 363,290 | $75M | 0.1% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 350,237 | $72M | 0.1% | 2026-Q1 |
| WHITTIER TRUST CO added | 340,968 | $72M | 0.1% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 344,503 | $71M | 0.1% | 2026-Q1 |
| Allen Investment Management, LLC trimmed | 343,045 | $71M | 0.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 336,934 | $69M | 0.1% | 2026-Q1 |
| KBC Group NV trimmed | 336,353 | $69M | 0.1% | 2026-Q1 |
| Phoenix Financial Ltd. new | 321,817 | $66M | 0.1% | 2026-Q1 |
| Capital Research Global Investors trimmed | 321,736 | $66M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 32,407,645 | $6.4B | 10.9% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP added | 2,340,000 | $461M | 0.8% | 2025-Q4 stale |
| CIBC Private Wealth Group LLC trimmed | 556,609 | $110M | 0.2% | 2025-Q4 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 512,554 | $101M | 0.2% | 2025-Q4 stale |
| Alyeska Investment Group, L.P. added | 332,299 | $66M | 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.