Who owns Quad/Graphics (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-Q2 13F filings (latest filed 2026-09-22). 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
The tracked-fund tape on QUAD is one-sided between 2026-Q1 and 2026-Q2: 30 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
QUAD’s largest tracked holder by dollar value, Miller Value Partners, LLC, sizes it at 5.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.1pp 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 2026-Q1 and 2026-Q2, across 138 tracked filers holding QUAD, 80 increased or opened the position and 60 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 2026-Q1 and 2026-Q2 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.
Full exits 3
- LSV ASSET MANAGEMENT$9M
- HighTower Advisors, LLC$1M
- Janney Montgomery Scott LLC$628K
Largest adds
- BlackRock, Inc.$6M
- Miller Value Partners, LLC$4M
- DIMENSIONAL FUND ADVISORS LP$3M
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC$2M
- GEODE CAPITAL MANAGEMENT, LLC$2M
- VANGUARD CAPITAL MANAGEMENT LLC$2M
Largest trims
- TWO SIGMA INVESTMENTS, LP$540K
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$362K
- MILLENNIUM MANAGEMENT LLC$344K
- Trexquant Investment LP$316K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Miller Value Partners, LLC trimmed | 2,538,299 | $21M | 13.0% | 2026-Q2 |
| BlackRock, Inc. added | 2,290,195 | $19M | 11.7% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 1,303,331 | $11M | 6.7% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,194,489 | $10M | 6.1% | 2026-Q2 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added | 1,053,640 | $9M | 5.4% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 773,412 | $7M | 4.0% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 672,900 | $6M | 3.4% | 2026-Q2 |
| STATE STREET CORP added | 637,466 | $5M | 3.3% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. added | 622,325 | $5M | 3.2% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 460,731 | $4M | 2.4% | 2026-Q2 |
| Bank of New York Mellon Corp added | 415,952 | $4M | 2.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 407,059 | $3M | 2.1% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 318,047 | $3M | 1.6% | 2026-Q2 |
| HEARTLAND ADVISORS INC | 300,000 | $3M | 1.5% | 2026-Q2 |
| Inspire Investing, LLC added | 292,680 | $2M | 1.5% | 2026-Q2 |
| SEGALL BRYANT & HAMILL, LLC trimmed | 289,655 | $2M | 1.5% | 2026-Q2 |
| RITHOLTZ WEALTH MANAGEMENT added | 287,918 | $2M | 1.5% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 286,992 | $2M | 1.5% | 2026-Q2 |
| ZACKS INVESTMENT MANAGEMENT added | 273,149 | $2M | 1.4% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC trimmed | 246,012 | $2M | 1.3% | 2026-Q2 |
| NORTHERN TRUST CORP added | 241,552 | $2M | 1.2% | 2026-Q2 |
| Invst, LLC trimmed | 238,893 | $2M | 1.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 229,543 | $2M | 1.2% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 216,485 | $2M | 1.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 198,139 | $2M | 1.0% | 2026-Q2 |
| Hillsdale Investment Management Inc. added | 168,597 | $1M | 0.9% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 164,718 | $1M | 0.8% | 2026-Q2 |
| MARTINGALE ASSET MANAGEMENT L P added | 162,788 | $1M | 0.8% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 155,955 | $1M | 0.8% | 2026-Q2 |
| PANAGORA ASSET MANAGEMENT INC added | 152,728 | $1M | 0.8% | 2026-Q2 |
| MORGAN STANLEY added | 141,958 | $1M | 0.7% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 139,514 | $1M | 0.7% | 2026-Q2 |
| Nuveen, LLC added | 127,932 | $1M | 0.7% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 109,363 | $922K | 0.6% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 106,997 | $902K | 0.5% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 102,937 | $868K | 0.5% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 102,002 | $860K | 0.5% | 2026-Q2 |
| Campbell & CO Investment Adviser LLC added | 86,782 | $732K | 0.4% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 83,841 | $707K | 0.4% | 2026-Q2 |
| Crescent Grove Advisors, LLC added | 82,990 | $700K | 0.4% | 2026-Q2 |
| PFG Investments, LLC trimmed | 82,643 | $697K | 0.4% | 2026-Q2 |
| STRS OHIO trimmed | 82,200 | $693K | 0.4% | 2026-Q2 |
| XTX Topco Ltd added | 74,043 | $624K | 0.4% | 2026-Q2 |
| Empowered Funds, LLC trimmed | 72,169 | $608K | 0.4% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 66,366 | $559K | 0.3% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 60,605 | $511K | 0.3% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 57,800 | $487K | 0.3% | 2026-Q2 |
| Trexquant Investment LP trimmed | 54,098 | $456K | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 51,771 | $436K | 0.3% | 2026-Q2 |
| Invesco Ltd. trimmed | 51,030 | $430K | 0.3% | 2026-Q2 |
| Wealth Architects, LLC | 50,227 | $423K | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 49,410 | $417K | 0.3% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 45,954 | $388K | 0.2% | 2026-Q2 |
| MANGROVE PARTNERS IM, LLC new | 43,310 | $365K | 0.2% | 2026-Q2 |
| D'Orazio & Associates, Inc. added | 41,862 | $353K | 0.2% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 41,102 | $346K | 0.2% | 2026-Q2 |
| BAILARD, INC. trimmed | 41,000 | $346K | 0.2% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 40,266 | $339K | 0.2% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 39,926 | $337K | 0.2% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD | 38,100 | $321K | 0.2% | 2026-Q2 |
| Man Group plc added | 33,108 | $279K | 0.2% | 2026-Q2 |
| ExodusPoint Capital Management, LP trimmed | 32,567 | $275K | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 32,345 | $273K | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP | 30,560 | $258K | 0.2% | 2026-Q2 |
| Bristlecone Value Partners, LLC | 30,000 | $253K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 29,927 | $252K | 0.2% | 2026-Q2 |
| Baron Wealth Management LLC added | 24,973 | $211K | 0.1% | 2026-Q2 |
| Vise Technologies, Inc. added | 24,514 | $207K | 0.1% | 2026-Q2 |
| FMR LLC trimmed | 22,468 | $189K | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 22,190 | $147K | 0.1% | 2026-Q2 |
| UBS Group AG added | 21,679 | $183K | 0.1% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 21,673 | $183K | 0.1% | 2026-Q2 |
| Focus Partners Wealth added | 21,246 | $179K | 0.1% | 2026-Q2 |
| OCCUDO QUANTITATIVE STRATEGIES LP added | 21,032 | $177K | 0.1% | 2026-Q2 |
| Metis Global Partners, LLC | 20,601 | $174K | 0.1% | 2026-Q2 |
| HB Wealth Management, LLC added | 19,951 | $168K | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 19,933 | $168K | 0.1% | 2026-Q2 |
| Independent Advisor Alliance added | 19,394 | $163K | 0.1% | 2026-Q2 |
| Kathmere Capital Management, LLC trimmed | 19,319 | $163K | 0.1% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 17,650 | $149K | 0.1% | 2026-Q2 |
| Brevan Howard Capital Management LP trimmed | 17,511 | $148K | 0.1% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 17,204 | $145K | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP trimmed | 17,015 | $143K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 16,219 | $137K | 0.1% | 2026-Q2 |
| EVERGREEN CAPITAL MANAGEMENT LLC | 15,000 | $126K | 0.1% | 2026-Q2 |
| Alta Wealth Advisors LLC | 14,920 | $126K | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 13,988 | $118K | 0.1% | 2026-Q2 |
| Creative Planning added | 13,938 | $117K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 13,827 | $117K | 0.1% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 13,753 | $116K | 0.1% | 2026-Q2 |
| Mariner, LLC added | 13,625 | $115K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 13,576 | $114K | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 12,095 | $102K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 11,885 | $100K | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd added | 11,387 | $96K | 0.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 11,317 | $95K | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 10,858 | $92K | 0.1% | 2026-Q2 |
| Prospera Financial Services Inc new | 10,813 | $91K | 0.1% | 2026-Q2 |
| GAMMA Investing LLC | 10,775 | $91K | 0.1% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 8,850 | $75K | 0.0% | 2026-Q2 |
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.