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Institutional Ownership · SEC Form 13F

Who owns Norwood Financial Corp. (NWFL)


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

Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

105
Institutional holders
5M
Shares held (tracked funds)

How the tape is positioned

The tracked-fund tape on NWFL is one-sided between 2025-Q4 and 2026-Q1: 21 added or opened and 7 trimmed or exited — on balance accumulating.

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

NWFL’s largest tracked holder by dollar value, EverSource Wealth Advisors, LLC, sizes it at 1.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.

Book-share is each fund’s reported value in NWFL 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 105 tracked filers holding NWFL, 63 increased or opened the position and 30 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.

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 NWFL 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 5

  • VANGUARD CAPITAL MANAGEMENT LLC$13M
  • VANGUARD FIDUCIARY TRUST CO$2M
  • Stonebridge Financial Group, LLC$2M
  • VANGUARD PORTFOLIO MANAGEMENT LLC$2M
  • Gateway Wealth Partners, LLC$518K

Full exits 3

  • VANGUARD GROUP INC$13M
  • LPL Financial LLC$953K
  • Fourthstone LLC$546K

Largest adds

  • EverSource Wealth Advisors, LLC$32M
  • UBS Group AG$6M
  • Bulldog Investors, LLP$3M
  • BlackRock, Inc.$3M
  • GEODE CAPITAL MANAGEMENT, LLC$1M
  • DIMENSIONAL FUND ADVISORS LP$810K

Largest trims

  • WELLINGTON MANAGEMENT GROUP LLP$3M
  • MILLENNIUM MANAGEMENT LLC$613K
  • BARCLAYS PLC$321K
  • CITADEL ADVISORS LLC$308K

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
EverSource Wealth Advisors, LLC added517,416$32M17.8%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP trimmed750,791$22M12.1%2026-Q1
BlackRock, Inc. added660,683$19M10.7%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new428,058$13M6.9%2026-Q1
UBS Group AG added239,670$7M3.9%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added237,415$7M3.8%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed175,061$5M2.8%2026-Q1
Cornerstone Wealth Group, LLC trimmed166,585$5M2.8%2026-Q1
Bulldog Investors, LLP added170,000$5M2.7%2026-Q1
DIMENSIONAL FUND ADVISORS LP added155,908$5M2.5%2026-Q1
STATE STREET CORP added141,668$4M2.3%2026-Q1
RAYMOND JAMES FINANCIAL INC added98,346$3M1.6%2026-Q1
NORTHERN TRUST CORP added79,377$2M1.3%2026-Q1
VANGUARD FIDUCIARY TRUST CO new66,776$2M1.1%2026-Q1
RENAISSANCE TECHNOLOGIES LLC added65,526$2M1.1%2026-Q1
Cetera Investment Advisers added61,928$2M1.0%2026-Q1
Stonebridge Financial Group, LLC new57,228$2M0.9%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new57,223$2M0.9%2026-Q1
SEGALL BRYANT & HAMILL, LLC trimmed55,755$2M0.9%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC added48,907$1M0.8%2026-Q1
Bank of New York Mellon Corp added38,128$1M0.6%2026-Q1
MARSHALL WACE, LLP trimmed37,284$1M0.6%2026-Q1
LOS ANGELES CAPITAL MANAGEMENT LLC added36,774$1M0.6%2026-Q1
Squarepoint Ops LLC added36,477$1M0.6%2026-Q1
MORGAN STANLEY added35,356$1M0.6%2026-Q1
Connor, Clark & Lunn Investment Management Ltd. added33,208$977K0.5%2026-Q1
GOLDMAN SACHS GROUP INC added31,045$913K0.5%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added28,676$844K0.5%2026-Q1
Minerva Advisors LLC added28,580$841K0.5%2026-Q1
EMERALD MUTUAL FUND ADVISERS TRUST25,000$736K0.4%2026-Q1
EAGLE WEALTH STRATEGIES LLC23,528$692K0.4%2026-Q1
AQR CAPITAL MANAGEMENT LLC added18,884$556K0.3%2026-Q1
BANK OF AMERICA CORP /DE/ added18,483$544K0.3%2026-Q1
Strategic Financial Services, Inc. trimmed17,972$529K0.3%2026-Q1
Gateway Wealth Partners, LLC new17,622$518K0.3%2026-Q1
BAILARD, INC. new15,374$452K0.2%2026-Q1
JOHN G ULLMAN & ASSOCIATES INC added14,800$435K0.2%2026-Q1
Alliance Wealth Advisors, LLC14,364$423K0.2%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. trimmed13,317$392K0.2%2026-Q1
MARTINGALE ASSET MANAGEMENT L P added13,104$386K0.2%2026-Q1
Nuveen, LLC12,956$381K0.2%2026-Q1
AMERICAN CENTURY COMPANIES INC added12,462$367K0.2%2026-Q1
RAFFLES ASSOCIATES LP12,449$366K0.2%2026-Q1
Qube Research & Technologies Ltd added11,200$330K0.2%2026-Q1
BRIDGEWAY CAPITAL MANAGEMENT, LLC10,276$302K0.2%2026-Q1
STIFEL FINANCIAL CORP trimmed9,869$290K0.2%2026-Q1
CITADEL ADVISORS LLC trimmed9,823$289K0.2%2026-Q1
ACADIAN ASSET MANAGEMENT LLC added9,777$284K0.2%2026-Q1
Quadrature Capital Ltd added9,239$272K0.1%2026-Q1
De Lisle Partners LLP new8,814$259K0.1%2026-Q1
MILLENNIUM MANAGEMENT LLC trimmed8,420$248K0.1%2026-Q1
Invesco Ltd. trimmed7,948$234K0.1%2026-Q1
RHUMBLINE ADVISERS added7,298$215K0.1%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ new7,077$209K0.1%2026-Q1
ROYAL BANK OF CANADA added6,211$182K0.1%2026-Q1
DEUTSCHE BANK AG\ trimmed5,576$164K0.1%2026-Q1
Community Bank, N.A. added5,497$162K0.1%2026-Q1
MetLife Investment Management, LLC added5,097$150K0.1%2026-Q1
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added4,706$138K0.1%2026-Q1
EMERALD ADVISERS, LLC4,500$132K0.1%2026-Q1
Larson Financial Group LLC4,080$120K0.1%2026-Q1
JPMORGAN CHASE & CO trimmed4,033$119K0.1%2026-Q1
PEOPLES FINANCIAL SERVICES CORP. added3,980$117K0.1%2026-Q1
Vanguard Global Advisers, LLC new3,832$113K0.1%2026-Q1
WELLS FARGO & COMPANY/MN trimmed3,735$110K0.1%2026-Q1
SG Americas Securities, LLC trimmed3,429$101K0.1%2026-Q1
NEW YORK STATE COMMON RETIREMENT FUND3,261$96K0.1%2026-Q1
Police & Firemen's Retirement System of New Jersey2,855$84K0.0%2026-Q1
Bangor Savings Bank added2,221$65K0.0%2026-Q1
BARCLAYS PLC trimmed2,123$62K0.0%2026-Q1
Russell Investments Group, Ltd. trimmed2,077$61K0.0%2026-Q1
NBT BANK N A /NY2,011$59K0.0%2026-Q1
BNP PARIBAS FINANCIAL MARKETS trimmed1,849$54K0.0%2026-Q1
Tower Research Capital LLC (TRC) added1,278$38K0.0%2026-Q1
CANADA LIFE ASSURANCE Co added1,267$37K0.0%2026-Q1
CWM, LLC added1,028$30K0.0%2026-Q1
OSAIC HOLDINGS, INC.960$28K0.0%2026-Q1
Legal & General Group Plc800$24K0.0%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added737$22K0.0%2026-Q1
State of Alaska, Department of Revenue621$18K0.0%2026-Q1
Ameritas Investment Partners, Inc.609$18K0.0%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added542$16K0.0%2026-Q1
Triumph Capital Management500$15K0.0%2026-Q1
CITIGROUP INC added468$14K0.0%2026-Q1
Stone House Investment Management, LLC379$11K0.0%2026-Q1
VANGUARD GROUP INC added448,224$13M6.9%2025-Q4 stale
JACOBS ASSET MANAGEMENT, LLC trimmed50,741$1M0.7%2025-Q2 stale
EJF Capital LLC trimmed52,877$1M0.7%2025-Q1 stale
LPL Financial LLC trimmed33,971$953K0.5%2025-Q4 stale
Fourthstone LLC trimmed19,457$546K0.3%2025-Q4 stale
Chicago Capital Management, LLC new15,069$407K0.2%2025-Q4 stale
CSS LLC/IL new13,213$371K0.2%2025-Q4 stale
Code Waechter LLC trimmed14,159$342K0.2%2025-Q1 stale
SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed12,025$310K0.2%2025-Q2 stale
Fisher Asset Management, LLC new11,815$305K0.2%2025-Q2 stale
Trexquant Investment LP new10,610$298K0.2%2025-Q4 stale
ALLIANCEBERNSTEIN L.P. trimmed10,154$262K0.1%2025-Q2 stale
JANE STREET GROUP, LLC trimmed8,339$212K0.1%2025-Q3 stale
Corebridge Financial, Inc. added4,079$99K0.1%2025-Q1 stale
Arax Advisory Partners new420$11K0.0%2025-Q3 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