Who owns PWP (PWP)
Which tracked institutional funds hold PWP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PWP 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
50 tracked funds added or opened PWP while 25 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
PWP’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 PWP more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in PWP 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 163 tracked filers holding PWP, 100 increased or opened the position and 76 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 PWP 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 11
- VANGUARD CAPITAL MANAGEMENT LLC$50M
- Capital World Investors$47M
- VANGUARD PORTFOLIO MANAGEMENT LLC$9M
- VANGUARD FIDUCIARY TRUST CO$8M
- MARSHALL WACE, LLP$6M
- J. Goldman & Co LP$3M
Full exits 9
- VANGUARD GROUP INC$55M
- MILLENNIUM MANAGEMENT LLC$5M
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC$3M
- FIRST TRUST ADVISORS LP$3M
- JANE STREET GROUP, LLC$1M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$1M
Largest adds
- Aristotle Capital Boston, LLC$14M
- FRONTIER CAPITAL MANAGEMENT CO LLC$13M
- Boston Partners$12M
- AMERIPRISE FINANCIAL INC$8M
- BANK OF AMERICA CORP /DE/$8M
- NOMURA ASSET MANAGEMENT INTERNATIONAL INC.$7M
Largest trims
- MORGAN STANLEY$13M
- BASSWOOD CAPITAL MANAGEMENT, L.L.C.$4M
- Grandeur Peak Global Advisors, LLC$4M
- CITADEL ADVISORS LLC$2M
- STATE OF WISCONSIN INVESTMENT BOARD$2M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$2M
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 | 9,692,463 | $176M | 11.5% | 2026-Q1 |
| BlackRock, Inc. added | 4,775,776 | $87M | 5.7% | 2026-Q1 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added | 4,076,313 | $74M | 4.8% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 3,855,087 | $70M | 4.6% | 2026-Q1 |
| Nuveen, LLC added | 2,975,457 | $54M | 3.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,761,518 | $50M | 3.3% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 2,611,858 | $47M | 3.1% | 2026-Q1 |
| Capital World Investors new | 2,602,595 | $47M | 3.1% | 2026-Q1 |
| Boston Partners added | 1,983,844 | $36M | 2.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 1,967,170 | $36M | 2.3% | 2026-Q1 |
| WESTWOOD HOLDINGS GROUP INC trimmed | 1,958,252 | $36M | 2.3% | 2026-Q1 |
| FRONTIER CAPITAL MANAGEMENT CO LLC added | 1,867,595 | $34M | 2.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,841,280 | $33M | 2.2% | 2026-Q1 |
| STATE STREET CORP trimmed | 1,774,568 | $32M | 2.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,613,673 | $29M | 1.9% | 2026-Q1 |
| Walleye Capital LLC trimmed | 1,346,310 | $24M | 1.6% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 1,345,374 | $24M | 1.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,316,482 | $24M | 1.6% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,310,163 | $23M | 1.5% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. added | 1,249,136 | $23M | 1.5% | 2026-Q1 |
| Aristotle Capital Boston, LLC added | 1,233,458 | $22M | 1.5% | 2026-Q1 |
| WASATCH ADVISORS LP trimmed | 1,120,404 | $20M | 1.3% | 2026-Q1 |
| GW&K Investment Management, LLC added | 1,054,005 | $19M | 1.3% | 2026-Q1 |
| EMERALD ADVISERS, LLC added | 1,019,869 | $19M | 1.2% | 2026-Q1 |
| ROYCE & ASSOCIATES LP added | 971,991 | $18M | 1.2% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP trimmed | 989,788 | $17M | 1.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 852,987 | $15M | 1.0% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 832,362 | $15M | 1.0% | 2026-Q1 |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. trimmed | 788,737 | $14M | 0.9% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 688,299 | $12M | 0.8% | 2026-Q1 |
| EMERALD MUTUAL FUND ADVISERS TRUST added | 621,774 | $11M | 0.7% | 2026-Q1 |
| First Eagle Investment Management, LLC added | 615,057 | $11M | 0.7% | 2026-Q1 |
| SEI INVESTMENTS CO added | 610,588 | $11M | 0.7% | 2026-Q1 |
| Ceredex Value Advisors LLC trimmed | 580,900 | $11M | 0.7% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 553,135 | $10M | 0.7% | 2026-Q1 |
| NORTHERN TRUST CORP added | 535,802 | $10M | 0.6% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 498,888 | $9M | 0.6% | 2026-Q1 |
| LOOMIS SAYLES & CO L P trimmed | 476,589 | $9M | 0.6% | 2026-Q1 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC added | 463,433 | $8M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 460,284 | $8M | 0.5% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 445,695 | $8M | 0.5% | 2026-Q1 |
| Grandeur Peak Global Advisors, LLC trimmed | 423,510 | $8M | 0.5% | 2026-Q1 |
| MORGAN STANLEY trimmed | 369,589 | $7M | 0.4% | 2026-Q1 |
| Ranger Investment Management, L.P. trimmed | 367,855 | $7M | 0.4% | 2026-Q1 |
| MARSHALL WACE, LLP added | 316,929 | $6M | 0.4% | 2026-Q1 |
| Pier Capital, LLC trimmed | 260,184 | $5M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp added | 237,570 | $4M | 0.3% | 2026-Q1 |
| UBS Group AG trimmed | 228,288 | $4M | 0.3% | 2026-Q1 |
| Ancora Advisors LLC | 208,276 | $4M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 150,393 | $3M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 147,039 | $3M | 0.2% | 2026-Q1 |
| J. Goldman & Co LP new | 145,619 | $3M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 131,900 | $2M | 0.2% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC | 121,582 | $2M | 0.1% | 2026-Q1 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY added | 119,272 | $2M | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 92,396 | $2M | 0.1% | 2026-Q1 |
| Riverwater Partners LLC added | 90,241 | $2M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 90,142 | $2M | 0.1% | 2026-Q1 |
| Invesco Ltd. trimmed | 87,813 | $2M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 86,364 | $2M | 0.1% | 2026-Q1 |
| WESBANCO BANK INC added | 84,000 | $2M | 0.1% | 2026-Q1 |
| BARCLAYS PLC trimmed | 82,313 | $1M | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 78,641 | $1M | 0.1% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 76,264 | $1M | 0.1% | 2026-Q1 |
| Private Advisor Group, LLC added | 72,012 | $1M | 0.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 67,021 | $1M | 0.1% | 2026-Q1 |
| Bull Street Advisors, LLC new | 63,278 | $1M | 0.1% | 2026-Q1 |
| KENNEDY CAPITAL MANAGEMENT LLC added | 59,566 | $1M | 0.1% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 59,376 | $1M | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 56,829 | $1M | 0.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 56,155 | $1M | 0.1% | 2026-Q1 |
| NATIXIS new | 53,900 | $979K | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. | 50,090 | $867K | 0.1% | 2026-Q1 |
| ALGERT GLOBAL LLC trimmed | 45,986 | $835K | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 44,691 | $812K | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 44,570 | $810K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 3,198,356 | $55M | 3.6% | 2025-Q4 stale |
| Channing Capital Management, LLC added | 2,142,888 | $39M | 2.6% | 2025-Q1 stale |
| Azora Capital LP trimmed | 1,344,347 | $26M | 1.7% | 2025-Q2 stale |
| MACQUARIE GROUP LTD trimmed | 1,049,755 | $22M | 1.5% | 2025-Q3 stale |
| BALYASNY ASSET MANAGEMENT L.P. added | 423,068 | $8M | 0.5% | 2025-Q1 stale |
| Portolan Capital Management, LLC new | 352,886 | $7M | 0.4% | 2025-Q2 stale |
| MILLENNIUM MANAGEMENT LLC added | 279,025 | $5M | 0.3% | 2025-Q4 stale |
| Driehaus Capital Management LLC trimmed | 247,872 | $5M | 0.3% | 2025-Q1 stale |
| Lighthouse Investment Partners, LLC added | 208,034 | $4M | 0.3% | 2025-Q3 stale |
| CANADA PENSION PLAN INVESTMENT BOARD added | 195,900 | $4M | 0.2% | 2025-Q2 stale |
| Clark Capital Management Group, Inc. added | 203,941 | $4M | 0.2% | 2025-Q1 stale |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed | 165,640 | $3M | 0.2% | 2025-Q4 stale |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 130,298 | $3M | 0.2% | 2025-Q3 stale |
| FIRST TRUST ADVISORS LP trimmed | 147,352 | $3M | 0.2% | 2025-Q4 stale |
| ExodusPoint Capital Management, LP added | 118,165 | $2M | 0.2% | 2025-Q2 stale |
| Aquatic Capital Management LLC trimmed | 99,539 | $2M | 0.1% | 2025-Q3 stale |
| Trexquant Investment LP trimmed | 95,468 | $2M | 0.1% | 2025-Q2 stale |
| Calamos Advisors LLC trimmed | 79,562 | $2M | 0.1% | 2025-Q3 stale |
| JANE STREET GROUP, LLC trimmed | 82,626 | $1M | 0.1% | 2025-Q4 stale |
| Y-Intercept (Hong Kong) Ltd trimmed | 64,733 | $1M | 0.1% | 2025-Q3 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 76,033 | $1M | 0.1% | 2025-Q4 stale |
| Bryce Point Capital, LLC new | 51,695 | $1M | 0.1% | 2025-Q1 stale |
| Interval Partners, LP trimmed | 56,220 | $1M | 0.1% | 2025-Q1 stale |
| Alberta Investment Management Corp added | 52,928 | $974K | 0.1% | 2025-Q1 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.