Who owns QDF (QDF)
Which tracked institutional funds hold QDF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See QDF 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
23 tracked funds added or opened QDF while 21 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
QDF’s largest tracked holder by dollar value, NORTHERN TRUST CORP, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in QDF 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 174 tracked filers holding QDF, 68 increased or opened the position and 53 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 QDF 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 9
- TIAA Wealth Investment Management LLC$178M
- TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC$127M
- AQR CAPITAL MANAGEMENT LLC$44M
- VestGen Advisors, LLC$4M
- CITADEL ADVISORS LLC$1M
- O'SHAUGHNESSY ASSET MANAGEMENT, LLC$1M
Full exits 4
- TRUST CO OF VERMONT$2M
- Global Retirement Partners, LLC$627K
- F/m Investments LLC$618K
- NewEdge Advisors, LLC$553K
Largest adds
- Bank of New York Mellon Corp$4M
- BANK OF AMERICA CORP /DE/$4M
- UBS Group AG$1M
- Baird Financial Group, Inc.$1M
- GOLDMAN SACHS GROUP INC$1M
- First Heartland Consultants, Inc.$777K
Largest trims
- TIAA TRUST, NATIONAL ASSOCIATION$328M
- NORTHERN TRUST CORP$29M
- Focus Partners Wealth$7M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$5M
- LPL Financial LLC$4M
- Ledyard National Bank$3M
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 |
|---|---|---|---|---|
| NORTHERN TRUST CORP trimmed | 11,131,049 | $880M | 52.6% | 2026-Q1 |
| TIAA Wealth Investment Management LLC new | 2,301,166 | $178M | 10.6% | 2026-Q1 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new | 1,599,616 | $127M | 7.6% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC new | 555,000 | $44M | 2.6% | 2026-Q1 |
| KEYBANK NATIONAL ASSOCIATION/OH added | 547,452 | $43M | 2.6% | 2026-Q1 |
| VeraBank, N.A. added | 463,289 | $37M | 2.2% | 2026-Q1 |
| Bank of New York Mellon Corp added | 426,191 | $34M | 2.0% | 2026-Q1 |
| LPL Financial LLC trimmed | 320,128 | $25M | 1.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 317,937 | $25M | 1.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 302,356 | $24M | 1.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 243,217 | $19M | 1.1% | 2026-Q1 |
| UBS Group AG added | 238,625 | $19M | 1.1% | 2026-Q1 |
| Baird Financial Group, Inc. added | 195,321 | $15M | 0.9% | 2026-Q1 |
| Ledyard National Bank trimmed | 151,308 | $12M | 0.7% | 2026-Q1 |
| Wealthspire Advisors, LLC added | 147,998 | $12M | 0.7% | 2026-Q1 |
| BRIDGES INVESTMENT MANAGEMENT INC trimmed | 121,748 | $10M | 0.6% | 2026-Q1 |
| Focus Partners Wealth trimmed | 113,617 | $9M | 0.5% | 2026-Q1 |
| Orion Porfolio Solutions, LLC trimmed | 96,519 | $8M | 0.5% | 2026-Q1 |
| CFS Investment Advisory Services, LLC trimmed | 73,592 | $6M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 80,934 | $6M | 0.4% | 2026-Q1 |
| BENJAMIN EDWARDS INC added | 77,336 | $6M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 76,413 | $6M | 0.4% | 2026-Q1 |
| Magnus Financial Group LLC added | 66,481 | $5M | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 64,958 | $5M | 0.3% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 63,661 | $5M | 0.3% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 52,056 | $4M | 0.2% | 2026-Q1 |
| VestGen Advisors, LLC new | 45,720 | $4M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 49,519 | $4M | 0.2% | 2026-Q1 |
| VestGen Investment Management added | 45,847 | $4M | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 44,212 | $3M | 0.2% | 2026-Q1 |
| CVA Family Office, LLC trimmed | 41,888 | $3M | 0.2% | 2026-Q1 |
| TIAA TRUST, NATIONAL ASSOCIATION trimmed | 34,927 | $3M | 0.2% | 2026-Q1 |
| Allworth Financial LP trimmed | 34,922 | $3M | 0.2% | 2026-Q1 |
| HORIZON BANCORP INC /IN/ trimmed | 34,798 | $3M | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 34,517 | $3M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 32,278 | $3M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 30,878 | $2M | 0.1% | 2026-Q1 |
| FIRST FOUNDATION ADVISORS trimmed | 30,618 | $2M | 0.1% | 2026-Q1 |
| Sageworth Trust Co | 29,664 | $2M | 0.1% | 2026-Q1 |
| HM PAYSON & CO | 22,215 | $2M | 0.1% | 2026-Q1 |
| MATHER GROUP, LLC. trimmed | 21,011 | $2M | 0.1% | 2026-Q1 |
| Anson Capital, Inc. added | 20,589 | $2M | 0.1% | 2026-Q1 |
| Bryn Mawr Trust Advisors, LLC | 19,848 | $2M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 18,957 | $1M | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 18,312 | $1M | 0.1% | 2026-Q1 |
| COMMERCE BANK | 17,557 | $1M | 0.1% | 2026-Q1 |
| Clayton Financial Group LLC | 17,000 | $1M | 0.1% | 2026-Q1 |
| Atria Investments, Inc added | 16,730 | $1M | 0.1% | 2026-Q1 |
| Selby Wealth Management, LLC | 16,523 | $1M | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC | 16,256 | $1M | 0.1% | 2026-Q1 |
| First Heartland Consultants, Inc. added | 15,648 | $1M | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 15,340 | $1M | 0.1% | 2026-Q1 |
| Valued Retirements, Inc. | 15,028 | $1M | 0.1% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC new | 14,530 | $1M | 0.1% | 2026-Q1 |
| BESSEMER GROUP INC | 14,486 | $1M | 0.1% | 2026-Q1 |
| Sageworth Trust Co of South Dakota trimmed | 14,472 | $1M | 0.1% | 2026-Q1 |
| FIRST FINANCIAL CORP /IN/ trimmed | 14,273 | $1M | 0.1% | 2026-Q1 |
| GTS SECURITIES LLC new | 14,141 | $1M | 0.1% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 13,466 | $1M | 0.1% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 13,441 | $1M | 0.1% | 2026-Q1 |
| Creative Planning trimmed | 12,922 | $1M | 0.1% | 2026-Q1 |
| VISTA CAPITAL PARTNERS, INC. | 11,762 | $930K | 0.1% | 2026-Q1 |
| SENTINEL TRUST CO LBA trimmed | 10,700 | $846K | 0.1% | 2026-Q1 |
| FMR LLC added | 10,682 | $845K | 0.1% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 10,019 | $792K | 0.0% | 2026-Q1 |
| Cedar Wealth Management, LLC | 9,967 | $788K | 0.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 9,853 | $779K | 0.0% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 9,827 | $777K | 0.0% | 2026-Q1 |
| PARSONS CAPITAL MANAGEMENT INC/RI | 9,817 | $776K | 0.0% | 2026-Q1 |
| Horizon Family Wealth, Inc. added | 9,620 | $761K | 0.0% | 2026-Q1 |
| Kestra Advisory Services, LLC trimmed | 8,751 | $692K | 0.0% | 2026-Q1 |
| Addison Advisors LLC trimmed | 8,681 | $687K | 0.0% | 2026-Q1 |
| WealthPlan Investment Management, LLC added | 8,412 | $665K | 0.0% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 8,377 | $651K | 0.0% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 8,222 | $650K | 0.0% | 2026-Q1 |
| Firestone Capital Management | 8,160 | $645K | 0.0% | 2026-Q1 |
| MAI Capital Management trimmed | 7,840 | $620K | 0.0% | 2026-Q1 |
| Pacific Sun Financial Corp trimmed | 7,555 | $598K | 0.0% | 2026-Q1 |
| Charter Capital Management, LLC\DE | 7,536 | $596K | 0.0% | 2026-Q1 |
| M. Kraus & Co trimmed | 7,500 | $593K | 0.0% | 2026-Q1 |
| Geneos Wealth Management Inc. | 7,373 | $583K | 0.0% | 2026-Q1 |
| McGinn Penninger Investment Management, Inc. trimmed | 7,042 | $557K | 0.0% | 2026-Q1 |
| WEST MICHIGAN ADVISORS, LLC trimmed | 6,893 | $545K | 0.0% | 2026-Q1 |
| One Capital Management, LLC added | 6,730 | $532K | 0.0% | 2026-Q1 |
| US BANCORP \DE\ added | 6,698 | $530K | 0.0% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 6,690 | $529K | 0.0% | 2026-Q1 |
| MGO ONE SEVEN LLC trimmed | 6,358 | $503K | 0.0% | 2026-Q1 |
| Prospera Financial Services Inc added | 6,195 | $490K | 0.0% | 2026-Q1 |
| Legacy Edge Advisors, LLC trimmed | 6,185 | $489K | 0.0% | 2026-Q1 |
| Orion Portfolio Solutions, LLC trimmed | 124,667 | $9M | 0.5% | 2025-Q1 stale |
| Transform Wealth, LLC trimmed | 61,155 | $4M | 0.2% | 2025-Q1 stale |
| Kovitz Investment Group Partners, LLC trimmed | 32,994 | $3M | 0.2% | 2025-Q3 stale |
| TRUST CO OF VERMONT | 30,128 | $2M | 0.1% | 2025-Q4 stale |
| John W. Brooker & Co., CPAs trimmed | 19,121 | $1M | 0.1% | 2025-Q1 stale |
| GWN SECURITIES INC. new | 18,233 | $1M | 0.1% | 2025-Q1 stale |
| NATIXIS ADVISORS, LLC trimmed | 11,350 | $831K | 0.0% | 2025-Q2 stale |
| TWO SIGMA INVESTMENTS, LP trimmed | 9,200 | $629K | 0.0% | 2025-Q1 stale |
| Global Retirement Partners, LLC added | 7,759 | $627K | 0.0% | 2025-Q4 stale |
| F/m Investments LLC trimmed | 7,664 | $618K | 0.0% | 2025-Q4 stale |
| NewEdge Advisors, LLC added | 6,840 | $553K | 0.0% | 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.