Who owns Quad/Graphics, Inc. (QUAD)
Which tracked institutional funds hold QUAD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See QUAD 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.
How the tape is positioned
14 tracked funds added or opened QUAD while 8 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
QUAD’s largest tracked holder by dollar value, Miller Value Partners, LLC, sizes it at 4.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 4.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in QUAD 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 150 tracked filers holding QUAD, 76 increased or opened the position and 61 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 QUAD 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 4
- VANGUARD CAPITAL MANAGEMENT LLC$9M
- Inspire Investing, LLC$2M
- VANGUARD PORTFOLIO MANAGEMENT LLC$1M
- VANGUARD FIDUCIARY TRUST CO$1M
Full exits 2
- VANGUARD GROUP INC$11M
- TWO SIGMA ADVISERS, LP$1M
Largest adds
- RITHOLTZ WEALTH MANAGEMENT$652K
- Trexquant Investment LP$563K
- O'SHAUGHNESSY ASSET MANAGEMENT, LLC$505K
- DIMENSIONAL FUND ADVISORS LP$492K
- BlackRock, Inc.$420K
- Miller Value Partners, LLC$357K
Largest trims
- MARSHALL WACE, LLP$2M
- EXCHANGE TRADED CONCEPTS, LLC$1M
- SEGALL BRYANT & HAMILL, LLC$852K
- MILLENNIUM MANAGEMENT LLC$534K
- D. E. Shaw & Co., Inc.$389K
- ACADIAN ASSET MANAGEMENT LLC$265K
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 |
|---|---|---|---|---|
| Miller Value Partners, LLC trimmed | 2,651,039 | $18M | 11.4% | 2026-Q1 |
| BlackRock, Inc. trimmed | 2,020,817 | $13M | 8.7% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,387,120 | $9M | 6.0% | 2026-Q1 |
| LSV ASSET MANAGEMENT trimmed | 1,333,701 | $9M | 5.7% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 1,135,439 | $8M | 4.9% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed | 1,021,530 | $7M | 4.4% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 722,400 | $5M | 3.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 692,517 | $5M | 3.0% | 2026-Q1 |
| STATE STREET CORP added | 633,161 | $4M | 2.7% | 2026-Q1 |
| GREAT VALLEY ADVISOR GROUP, INC. trimmed | 621,325 | $4M | 2.7% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 460,452 | $3M | 2.0% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 436,139 | $3M | 1.9% | 2026-Q1 |
| Bank of New York Mellon Corp added | 402,938 | $3M | 1.7% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 367,730 | $2M | 1.6% | 2026-Q1 |
| Invst, LLC trimmed | 318,486 | $2M | 1.4% | 2026-Q1 |
| SEGALL BRYANT & HAMILL, LLC trimmed | 310,151 | $2M | 1.3% | 2026-Q1 |
| HEARTLAND ADVISORS INC | 300,000 | $2M | 1.3% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 291,800 | $2M | 1.3% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 271,012 | $2M | 1.2% | 2026-Q1 |
| RITHOLTZ WEALTH MANAGEMENT added | 267,064 | $2M | 1.1% | 2026-Q1 |
| Inspire Investing, LLC added | 252,887 | $2M | 1.1% | 2026-Q1 |
| ZACKS INVESTMENT MANAGEMENT added | 251,087 | $2M | 1.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 235,117 | $2M | 1.0% | 2026-Q1 |
| NORTHERN TRUST CORP added | 224,630 | $1M | 1.0% | 2026-Q1 |
| HighTower Advisors, LLC added | 212,788 | $1M | 0.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 210,295 | $1M | 0.9% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 203,631 | $1M | 0.9% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 183,355 | $1M | 0.8% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 162,174 | $1M | 0.7% | 2026-Q1 |
| Hillsdale Investment Management Inc. | 152,297 | $1M | 0.7% | 2026-Q1 |
| MARTINGALE ASSET MANAGEMENT L P added | 141,857 | $938K | 0.6% | 2026-Q1 |
| MORGAN STANLEY trimmed | 140,431 | $928K | 0.6% | 2026-Q1 |
| Trexquant Investment LP added | 116,833 | $772K | 0.5% | 2026-Q1 |
| Nuveen, LLC added | 116,415 | $770K | 0.5% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 111,835 | $739K | 0.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 109,361 | $723K | 0.5% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 103,621 | $685K | 0.4% | 2026-Q1 |
| Empowered Funds, LLC | 97,169 | $642K | 0.4% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 95,072 | $628K | 0.4% | 2026-Q1 |
| PFG Investments, LLC trimmed | 92,643 | $612K | 0.4% | 2026-Q1 |
| STRS OHIO | 84,000 | $555K | 0.4% | 2026-Q1 |
| Crescent Grove Advisors, LLC | 80,490 | $532K | 0.3% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 78,200 | $517K | 0.3% | 2026-Q1 |
| Campbell & CO Investment Adviser LLC trimmed | 75,243 | $497K | 0.3% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 72,685 | $480K | 0.3% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 69,780 | $461K | 0.3% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 69,772 | $461K | 0.3% | 2026-Q1 |
| Invesco Ltd. added | 62,387 | $412K | 0.3% | 2026-Q1 |
| XTX Topco Ltd added | 58,511 | $387K | 0.3% | 2026-Q1 |
| Russell Investments Group, Ltd. | 51,297 | $339K | 0.2% | 2026-Q1 |
| Wealth Architects, LLC | 50,227 | $332K | 0.2% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 47,842 | $316K | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 47,317 | $313K | 0.2% | 2026-Q1 |
| Cetera Investment Advisers added | 46,365 | $306K | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 45,954 | $304K | 0.2% | 2026-Q1 |
| BAILARD, INC. added | 43,500 | $288K | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 40,333 | $267K | 0.2% | 2026-Q1 |
| Engineers Gate Manager LP trimmed | 39,203 | $259K | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 38,100 | $252K | 0.2% | 2026-Q1 |
| Institute for Wealth Management, LLC. | 36,179 | $239K | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC new | 35,712 | $236K | 0.2% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC trimmed | 34,982 | $231K | 0.2% | 2026-Q1 |
| PANAGORA ASSET MANAGEMENT INC added | 34,900 | $231K | 0.2% | 2026-Q1 |
| D'Orazio & Associates, Inc. added | 34,369 | $227K | 0.1% | 2026-Q1 |
| HARBOR CAPITAL ADVISORS, INC. added | 32,658 | $216K | 0.1% | 2026-Q1 |
| STIFEL FINANCIAL CORP | 30,560 | $202K | 0.1% | 2026-Q1 |
| Bristlecone Value Partners, LLC new | 30,000 | $198K | 0.1% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 27,900 | $184K | 0.1% | 2026-Q1 |
| Man Group plc added | 24,760 | $164K | 0.1% | 2026-Q1 |
| FMR LLC trimmed | 22,492 | $149K | 0.1% | 2026-Q1 |
| PharVision Advisers, LLC added | 21,901 | $145K | 0.1% | 2026-Q1 |
| Baron Wealth Management LLC new | 21,866 | $145K | 0.1% | 2026-Q1 |
| Focus Partners Wealth added | 21,136 | $140K | 0.1% | 2026-Q1 |
| Baird Financial Group, Inc. | 20,975 | $139K | 0.1% | 2026-Q1 |
| Metis Global Partners, LLC trimmed | 20,601 | $136K | 0.1% | 2026-Q1 |
| Kathmere Capital Management, LLC added | 19,878 | $131K | 0.1% | 2026-Q1 |
| HB Wealth Management, LLC new | 19,122 | $126K | 0.1% | 2026-Q1 |
| Brevan Howard Capital Management LP trimmed | 18,493 | $122K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 1,800,033 | $11M | 7.3% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP added | 187,600 | $1M | 0.8% | 2025-Q4 stale |
| AXA Investment Managers S.A. new | 120,500 | $754K | 0.5% | 2025-Q3 stale |
| AXA S.A. | 120,500 | $681K | 0.4% | 2025-Q2 stale |
| Qube Research & Technologies Ltd added | 84,863 | $531K | 0.3% | 2025-Q3 stale |
| Petrus Trust Company, LTA added | 84,059 | $475K | 0.3% | 2025-Q2 stale |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 59,516 | $324K | 0.2% | 2025-Q1 stale |
| GSA CAPITAL PARTNERS LLP added | 49,020 | $307K | 0.2% | 2025-Q3 stale |
| State of Wyoming added | 47,583 | $298K | 0.2% | 2025-Q3 stale |
| Alberta Investment Management Corp | 50,800 | $277K | 0.2% | 2025-Q1 stale |
| Cubist Systematic Strategies, LLC trimmed | 45,639 | $258K | 0.2% | 2025-Q2 stale |
| JANE STREET GROUP, LLC trimmed | 39,574 | $248K | 0.2% | 2025-Q4 stale |
| CITADEL ADVISORS LLC trimmed | 37,030 | $232K | 0.2% | 2025-Q3 stale |
| Assenagon Asset Management S.A. new | 36,500 | $229K | 0.1% | 2025-Q4 stale |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC added | 40,626 | $221K | 0.1% | 2025-Q1 stale |
| Brandywine Global Investment Management, LLC | 34,700 | $218K | 0.1% | 2025-Q4 stale |
| Verition Fund Management LLC | 33,300 | $209K | 0.1% | 2025-Q4 stale |
| Jump Financial, LLC trimmed | 29,284 | $160K | 0.1% | 2025-Q1 stale |
| Drake & Associates, LLC new | 25,098 | $157K | 0.1% | 2025-Q4 stale |
| Graham Capital Management, L.P. new | 21,761 | $136K | 0.1% | 2025-Q3 stale |
| Cambridge Investment Research Advisors, Inc. new | 24,278 | $132K | 0.1% | 2025-Q1 stale |
| MACKENZIE FINANCIAL CORP added | 19,893 | $125K | 0.1% | 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.
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.