Who owns SBS
Which tracked institutional funds hold SBS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SBS 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
35 tracked funds added or opened SBS while 70 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
SBS’s largest tracked holder by dollar value, Impax Asset Management Group plc, sizes it at 2.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 2.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SBS 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 283 tracked filers holding SBS, 266 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 SBS 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.
New buyers 10
- Northwest & Ethical Investments L.P.$21M
- WEXFORD CAPITAL LP$7M
- Boston Common Asset Management, LLC$6M
- Formuepleje A/S$2M
- Nuveen, LLC$1M
- Nykredit A/S$1M
Full exits 23
- Amundi$160M
- CANADA LIFE ASSURANCE Co$11M
- ABN AMRO INVESTMENT SOLUTIONS$7M
- Handelsbanken Fonder AB$6M
- Optiver Holding B.V.$4M
- Trexquant Investment LP$4M
Largest adds
- Impax Asset Management Group plc$97M
- ROYAL LONDON ASSET MANAGEMENT LTD$38M
- WCM INVESTMENT MANAGEMENT, LLC$28M
- UBS Group AG$26M
- ALLIANCEBERNSTEIN L.P.$24M
- Itau Unibanco Holding S.A.$17M
Largest trims
- MANNING & NAPIER ADVISORS LLC$72M
- GOLDMAN SACHS GROUP INC$21M
- BANK OF AMERICA CORP /DE/$17M
- BlackRock, Inc.$13M
- RENAISSANCE TECHNOLOGIES LLC$9M
- DUFF & PHELPS INVESTMENT MANAGEMENT CO$7M
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 |
|---|---|---|---|---|
| Impax Asset Management Group plc added | 52,324,409 | $302M | 15.1% | 2026-Q2 |
| BlackRock, Inc. added | 29,944,581 | $173M | 8.6% | 2026-Q2 |
| ROYAL LONDON ASSET MANAGEMENT LTD added | 20,552,459 | $119M | 5.9% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 19,192,518 | $111M | 5.5% | 2026-Q2 |
| WCM INVESTMENT MANAGEMENT, LLC added | 15,916,320 | $92M | 4.6% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP added | 12,283,156 | $71M | 3.5% | 2026-Q2 |
| LETKO, BROSSEAU & ASSOCIATES INC added | 12,114,373 | $70M | 3.5% | 2026-Q2 |
| UBS Group AG added | 12,048,286 | $70M | 3.5% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 11,033,555 | $64M | 3.2% | 2026-Q2 |
| MORGAN STANLEY added | 9,856,486 | $57M | 2.8% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 9,388,520 | $54M | 2.7% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 8,521,961 | $49M | 2.5% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 7,855,000 | $45M | 2.3% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 7,547,490 | $44M | 2.2% | 2026-Q2 |
| NORTHERN TRUST CORP added | 7,390,131 | $43M | 2.1% | 2026-Q2 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO added | 6,400,937 | $37M | 1.8% | 2026-Q2 |
| Perpetual Ltd added | 6,323,632 | $37M | 1.8% | 2026-Q2 |
| ASSETMARK, INC added | 6,072,960 | $35M | 1.7% | 2026-Q2 |
| STRS OHIO added | 5,711,948 | $33M | 1.6% | 2026-Q2 |
| Legal & General Group Plc added | 5,062,447 | $29M | 1.5% | 2026-Q2 |
| Itau Unibanco Holding S.A. added | 4,381,272 | $25M | 1.2% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 4,085,378 | $24M | 1.2% | 2026-Q2 |
| Pictet Asset Management Holding SA added | 3,954,675 | $23M | 1.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 3,693,536 | $21M | 1.1% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 3,574,762 | $21M | 1.0% | 2026-Q2 |
| Northwest & Ethical Investments L.P. new | 3,570,566 | $21M | 1.0% | 2026-Q2 |
| Invesco Ltd. added | 3,426,520 | $20M | 1.0% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 3,198,020 | $18M | 0.9% | 2026-Q2 |
| Maryland State Retirement & Pension System added | 2,880,797 | $17M | 0.8% | 2026-Q2 |
| Capital Wealth Planning, LLC added | 2,861,098 | $17M | 0.8% | 2026-Q2 |
| STATE STREET CORP added | 2,580,911 | $15M | 0.7% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 2,089,749 | $12M | 0.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,826,580 | $11M | 0.5% | 2026-Q2 |
| MANNING & NAPIER ADVISORS LLC trimmed | 1,469,622 | $9M | 0.4% | 2026-Q2 |
| WEXFORD CAPITAL LP added | 1,284,315 | $7M | 0.4% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 1,161,712 | $7M | 0.3% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 1,123,645 | $34M | 1.7% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 1,097,241 | $6M | 0.3% | 2026-Q2 |
| Gradient Investments LLC added | 985,027 | $6M | 0.3% | 2026-Q2 |
| Boston Common Asset Management, LLC added | 968,896 | $6M | 0.3% | 2026-Q2 |
| Allianz Asset Management GmbH | 952,386 | $29M | 1.4% | 2026-Q2 |
| Man Group plc added | 930,862 | $5M | 0.3% | 2026-Q2 |
| CITIGROUP INC added | 912,036 | $5M | 0.3% | 2026-Q2 |
| US BANCORP \DE\ added | 849,506 | $5M | 0.2% | 2026-Q2 |
| BTG Pactual Asset Management US LLC added | 827,173 | $5M | 0.2% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 789,163 | $5M | 0.2% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 757,003 | $4M | 0.2% | 2026-Q2 |
| Groupe la Francaise added | 750,759 | $4M | 0.2% | 2026-Q2 |
| Raiffeisen Bank International AG added | 650,000 | $4M | 0.2% | 2026-Q2 |
| SCHWARTZ INVESTMENT COUNSEL INC added | 630,635 | $4M | 0.2% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 589,300 | $3M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 536,088 | $3M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 520,592 | $3M | 0.1% | 2026-Q2 |
| Generali Investments CEE, investicni spolecnost, a.s. added | 474,410 | $3M | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO added | 448,109 | $3M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 430,538 | $2M | 0.1% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 413,736 | $2M | 0.1% | 2026-Q2 |
| Formuepleje A/S new | 410,671 | $2M | 0.1% | 2026-Q2 |
| PINEBRIDGE INVESTMENTS LLC added | 405,763 | $2M | 0.1% | 2026-Q2 |
| Lifestyle Asset Management, Inc. added | 401,521 | $2M | 0.1% | 2026-Q2 |
| Vontobel Holding Ltd. added | 391,936 | $2M | 0.1% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC added | 388,382 | $2M | 0.1% | 2026-Q2 |
| B. Metzler seel. Sohn & Co. AG added | 383,170 | $2M | 0.1% | 2026-Q2 |
| NS Partners Ltd added | 364,445 | $2M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 354,627 | $2M | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 352,700 | $2M | 0.1% | 2026-Q2 |
| SPX Gestao de Recursos Ltda added | 352,413 | $2M | 0.1% | 2026-Q2 |
| FMR LLC added | 339,956 | $2M | 0.1% | 2026-Q2 |
| Point Nemo Capital, LLC added | 333,298 | $2M | 0.1% | 2026-Q2 |
| Ativo Capital Management LLC added | 327,423 | $2M | 0.1% | 2026-Q2 |
| Daiwa Securities Group Inc. added | 294,659 | $2M | 0.1% | 2026-Q2 |
| Creative Planning added | 286,971 | $2M | 0.1% | 2026-Q2 |
| ProShare Advisors LLC added | 280,847 | $2M | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 279,779 | $2M | 0.1% | 2026-Q2 |
| BAROMETER CAPITAL MANAGEMENT INC. added | 278,250 | $2M | 0.1% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 276,663 | $2M | 0.1% | 2026-Q2 |
| Robeco Institutional Asset Management B.V. added | 269,173 | $2M | 0.1% | 2026-Q2 |
| CenterBook Partners LP added | 261,418 | $2M | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 246,533 | $1M | 0.1% | 2026-Q2 |
| Nuveen, LLC new | 243,691 | $1M | 0.1% | 2026-Q2 |
| Vanguard Personalized Indexing Management, LLC added | 243,164 | $1M | 0.1% | 2026-Q2 |
| Tidal Investments LLC added | 216,205 | $1M | 0.1% | 2026-Q2 |
| Atria Investments, Inc added | 208,317 | $1M | 0.1% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 204,967 | $1M | 0.1% | 2026-Q2 |
| Metis Global Partners, LLC added | 200,369 | $1M | 0.1% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 199,798 | $1M | 0.1% | 2026-Q2 |
| Vident Advisory, LLC added | 195,227 | $1M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 193,024 | $1M | 0.1% | 2026-Q2 |
| Nykredit A/S new | 192,367 | $1M | 0.1% | 2026-Q2 |
| NORDEA INVESTMENT MANAGEMENT AB added | 188,808 | $1M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 185,368 | $1M | 0.1% | 2026-Q2 |
| Corient Private Wealth LP added | 174,844 | $1M | 0.1% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 173,556 | $1M | 0.0% | 2026-Q2 |
| Laird Norton Wetherby Trust Company, LLC added | 157,034 | $908K | 0.0% | 2026-Q2 |
| Engineers Gate Manager LP added | 155,650 | $900K | 0.0% | 2026-Q2 |
| Absolute Gestao de Investimentos Ltda. added | 151,610 | $876K | 0.0% | 2026-Q2 |
| Crossmark Global Holdings, Inc. added | 150,544 | $870K | 0.0% | 2026-Q2 |
| RWC Asset Management LLP added | 148,380 | $858K | 0.0% | 2026-Q2 |
| Orion Porfolio Solutions, LLC added | 147,937 | $855K | 0.0% | 2026-Q2 |
| VPR Management LLC added | 147,885 | $855K | 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.