Who owns NGDN
Which tracked institutional funds hold NGDN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NGDN company fundamentals →
Ownership as of the 2025-Q4 13F filings (latest filed 2026-05-27). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
Conviction spread
NGDN’s largest tracked holder by dollar value, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, 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 conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NGDN 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-Q3 and 2025-Q4, we do not read how tracked institutions changed their NGDN positions: many holders could not be matched across the two filings, most often because the security’s identifier changed and our mapping is incomplete, or because funds are still filing for the newer quarter. 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
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 |
|---|---|---|---|---|
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 29,274,513 | $255M | 6.7% | 2025-Q4 |
| Condire Management, LP trimmed | 27,437,020 | $239M | 6.3% | 2025-Q4 |
| VANGUARD GROUP INC added | 20,787,033 | $181M | 4.8% | 2025-Q4 |
| AMERICAN CENTURY COMPANIES INC added | 17,131,025 | $149M | 3.9% | 2025-Q4 |
| GOLDMAN SACHS GROUP INC added | 16,203,877 | $141M | 3.7% | 2025-Q4 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 15,873,764 | $138M | 3.6% | 2025-Q4 |
| MILLENNIUM MANAGEMENT LLC added | 13,069,153 | $114M | 3.0% | 2025-Q4 |
| Davidson Kempner Capital Management LP new | 11,775,006 | $103M | 2.7% | 2025-Q4 |
| AQR Arbitrage LLC new | 10,530,591 | $92M | 2.4% | 2025-Q4 |
| Balyasny Asset Management L.P. added | 10,467,113 | $91M | 2.4% | 2025-Q4 |
| SOROS FUND MANAGEMENT LLC new | 9,691,998 | $84M | 2.2% | 2025-Q4 |
| ALPINE ASSOCIATES MANAGEMENT INC. new | 9,363,161 | $82M | 2.1% | 2025-Q4 |
| JGP Global Gestao de Recursos Ltda. trimmed | 9,184,600 | $80M | 2.1% | 2025-Q4 |
| BANK OF AMERICA CORP /DE/ added | 8,824,959 | $77M | 2.0% | 2025-Q4 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 8,456,582 | $74M | 1.9% | 2025-Q4 |
| FMR LLC added | 8,390,400 | $73M | 1.9% | 2025-Q4 |
| MACKENZIE FINANCIAL CORP added | 7,105,367 | $62M | 1.6% | 2025-Q4 |
| TWO SIGMA INVESTMENTS, LP trimmed | 6,860,719 | $60M | 1.6% | 2025-Q4 |
| Qube Research & Technologies Ltd added | 6,700,011 | $58M | 1.5% | 2025-Q4 |
| NORGES BANK new | 6,419,767 | $56M | 1.5% | 2025-Q4 |
| ALLIANCEBERNSTEIN L.P. added | 6,250,845 | $54M | 1.4% | 2025-Q4 |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC new | 6,240,314 | $54M | 1.4% | 2025-Q4 |
| DEUTSCHE BANK AG\ added | 5,985,031 | $52M | 1.4% | 2025-Q4 |
| Amundi trimmed | 5,946,288 | $52M | 1.4% | 2025-Q4 |
| Invesco Ltd. trimmed | 5,859,000 | $51M | 1.3% | 2025-Q4 |
| DIMENSIONAL FUND ADVISORS LP added | 5,835,522 | $51M | 1.3% | 2025-Q4 |
| Squarepoint Ops LLC added | 5,571,520 | $49M | 1.3% | 2025-Q4 |
| Magnetar Financial LLC new | 5,064,109 | $44M | 1.2% | 2025-Q4 |
| BANK OF MONTREAL /CAN/ trimmed | 4,989,621 | $43M | 1.1% | 2025-Q4 |
| TORONTO DOMINION BANK trimmed | 4,653,379 | $41M | 1.1% | 2025-Q4 |
| MORGAN STANLEY trimmed | 4,620,607 | $40M | 1.1% | 2025-Q4 |
| FRANKLIN RESOURCES INC trimmed | 4,413,548 | $38M | 1.0% | 2025-Q4 |
| CIBC WORLD MARKET INC. trimmed | 3,976,310 | $35M | 0.9% | 2025-Q4 |
| JANE STREET GROUP, LLC added | 3,849,631 | $34M | 0.9% | 2025-Q4 |
| TD Asset Management Inc trimmed | 3,613,298 | $32M | 0.8% | 2025-Q4 |
| Hillsdale Investment Management Inc. trimmed | 3,378,411 | $29M | 0.8% | 2025-Q4 |
| LMR Partners LLP new | 3,363,801 | $29M | 0.8% | 2025-Q4 |
| SCHRODER INVESTMENT MANAGEMENT GROUP trimmed | 3,091,877 | $27M | 0.7% | 2025-Q4 |
| Weiss Asset Management LP new | 3,116,057 | $27M | 0.7% | 2025-Q4 |
| Apis Capital Advisors, LLC trimmed | 2,866,000 | $25M | 0.7% | 2025-Q4 |
| Westchester Capital Management, LLC new | 2,852,255 | $25M | 0.7% | 2025-Q4 |
| TWO SIGMA ADVISERS, LP trimmed | 2,664,330 | $23M | 0.6% | 2025-Q4 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 2,587,273 | $23M | 0.6% | 2025-Q4 |
| Sagefield Capital LP new | 2,428,541 | $21M | 0.6% | 2025-Q4 |
| Verition Fund Management LLC added | 2,243,023 | $20M | 0.5% | 2025-Q4 |
| Allspring Global Investments Holdings, LLC trimmed | 2,223,000 | $19M | 0.5% | 2025-Q4 |
| RAYMOND JAMES FINANCIAL INC added | 2,184,618 | $19M | 0.5% | 2025-Q4 |
| UBS Group AG trimmed | 1,985,473 | $17M | 0.5% | 2025-Q4 |
| Legal & General Group Plc trimmed | 1,934,108 | $17M | 0.4% | 2025-Q4 |
| Alberta Investment Management Corp added | 1,880,000 | $16M | 0.4% | 2025-Q4 |
| Nokomis Capital, L.L.C. trimmed | 1,872,682 | $16M | 0.4% | 2025-Q4 |
| PICTON MAHONEY ASSET MANAGEMENT added | 1,635,694 | $14M | 0.4% | 2025-Q4 |
| MARSHALL WACE, LLP added | 1,620,326 | $14M | 0.4% | 2025-Q4 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 1,625,662 | $14M | 0.4% | 2025-Q4 |
| Swiss National Bank added | 1,568,062 | $14M | 0.4% | 2025-Q4 |
| SPROTT INC. trimmed | 1,562,483 | $14M | 0.4% | 2025-Q4 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. new | 1,550,000 | $14M | 0.4% | 2025-Q4 |
| Grantham, Mayo, Van Otterloo & Co. LLC new | 1,531,059 | $13M | 0.4% | 2025-Q4 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 1,500,015 | $13M | 0.3% | 2025-Q4 |
| CIBC Asset Management Inc trimmed | 1,442,159 | $13M | 0.3% | 2025-Q4 |
| Capula Management Ltd added | 1,369,532 | $12M | 0.3% | 2025-Q4 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,302,215 | $11M | 0.3% | 2025-Q4 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND new | 1,295,645 | $11M | 0.3% | 2025-Q4 |
| INTACT INVESTMENT MANAGEMENT INC. added | 1,234,560 | $11M | 0.3% | 2025-Q4 |
| Groupe la Francaise trimmed | 1,200,000 | $10M | 0.3% | 2025-Q4 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 1,188,230 | $10M | 0.3% | 2025-Q4 |
| Kintayl Capital LP new | 1,136,568 | $10M | 0.3% | 2025-Q4 |
| ArrowMark Colorado Holdings LLC trimmed | 1,124,000 | $10M | 0.3% | 2025-Q4 |
| CAPSTONE INVESTMENT ADVISORS, LLC added | 1,100,000 | $10M | 0.3% | 2025-Q4 |
| Fort Baker Capital Management LP new | 1,025,660 | $9M | 0.2% | 2025-Q4 |
| GABELLI FUNDS LLC new | 993,900 | $9M | 0.2% | 2025-Q4 |
| GABELLI & Co INVESTMENT ADVISERS, INC. new | 958,144 | $8M | 0.2% | 2025-Q4 |
| Caprock Group, LLC trimmed | 945,627 | $8M | 0.2% | 2025-Q4 |
| Point72 Asset Management, L.P. trimmed | 854,061 | $7M | 0.2% | 2025-Q4 |
| Versor Investments LP added | 806,483 | $7M | 0.2% | 2025-Q4 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 786,763 | $7M | 0.2% | 2025-Q4 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 716,000 | $6M | 0.2% | 2025-Q4 |
| Oppenheimer & Close, LLC trimmed | 700,255 | $6M | 0.2% | 2025-Q4 |
| Russell Investments Group, Ltd. trimmed | 694,980 | $6M | 0.2% | 2025-Q4 |
| Polar Asset Management Partners Inc. new | 691,319 | $6M | 0.2% | 2025-Q4 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC trimmed | 668,524 | $6M | 0.2% | 2025-Q4 |
| Nuveen, LLC | 593,004 | $5M | 0.1% | 2025-Q4 |
| CSM Advisors, LLC trimmed | 564,731 | $5M | 0.1% | 2025-Q4 |
| LOUISBOURG INVESTMENTS INC. trimmed | 563,400 | $5M | 0.1% | 2025-Q4 |
| Gotham Asset Management, LLC trimmed | 552,586 | $5M | 0.1% | 2025-Q4 |
| Claret Asset Management Corp | 550,000 | $5M | 0.1% | 2025-Q4 |
| FIL Ltd new | 7,198,436 | $52M | 1.4% | 2025-Q3 stale (1 quarter behind) |
| Pale Fire Capital SE added | 6,211,037 | $45M | 1.2% | 2025-Q3 stale (1 quarter behind) |
| TSP Capital Management Group, LLC trimmed | 3,976,626 | $29M | 0.8% | 2025-Q3 stale (1 quarter behind) |
| WINMILL & CO. INC | 2,100,000 | $15M | 0.4% | 2025-Q3 stale (1 quarter behind) |
| Eschler Asset Management LLP trimmed | 1,572,076 | $11M | 0.3% | 2025-Q3 stale (1 quarter behind) |
| MONTRUSCO BOLTON INVESTMENTS INC. trimmed | 1,331,689 | $10M | 0.3% | 2025-Q3 stale (1 quarter behind) |
| Wealth High Governance Capital Ltda new | 1,320,000 | $9M | 0.2% | 2025-Q3 stale (1 quarter behind) |
| Empyrean Capital Partners, LP trimmed | 1,309,428 | $9M | 0.2% | 2025-Q3 stale (1 quarter behind) |
| Aquatic Capital Management LLC trimmed | 1,019,393 | $7M | 0.2% | 2025-Q3 stale (1 quarter behind) |
| Quadrature Capital Ltd added | 933,710 | $7M | 0.2% | 2025-Q3 stale (1 quarter behind) |
| BW Gestao de Investimentos Ltda. new | 880,000 | $6M | 0.2% | 2025-Q3 stale (1 quarter behind) |
| Cubist Systematic Strategies, LLC trimmed | 877,635 | $6M | 0.2% | 2025-Q3 stale (1 quarter behind) |
| Invenomic Capital Management LP added | 4,227,089 | $21M | 0.6% | 2025-Q2 stale (2 quarters behind) |
| Ruffer LLP trimmed | 1,200,134 | $6M | 0.2% | 2025-Q2 stale (2 quarters behind) |
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.