Who owns TER (TER)
Which tracked institutional funds hold TER, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TER 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
The tracked-fund tape on TER is one-sided between 2025-Q4 and 2026-Q1: 615 added or opened and 139 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
TER’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.1pp gap the other way — the median holder sizes TER more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in TER 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 1218 tracked filers holding TER, 703 increased or opened the position and 511 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
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 TER 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 111
- VANGUARD CAPITAL MANAGEMENT LLC$3.0B
- VANGUARD PORTFOLIO MANAGEMENT LLC$2.6B
- LONE PINE CAPITAL LLC$555M
- VANGUARD FIDUCIARY TRUST CO$261M
- Trivest Advisors Ltd$135M
- Vanguard Global Advisers, LLC$102M
Full exits 58
- VANGUARD GROUP INC$3.9B
- Contour Asset Management LLC$169M
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC$133M
- CIBC WORLD MARKETS CORP$92M
- Estuary Capital Management LP$36M
- TWO SIGMA ADVISERS, LP$33M
Largest adds
- BlackRock, Inc.$1.2B
- STATE STREET CORP$696M
- FMR LLC$597M
- GEODE CAPITAL MANAGEMENT, LLC$490M
- AQR CAPITAL MANAGEMENT LLC$381M
- ALKEON CAPITAL MANAGEMENT LLC$356M
Largest trims
- Allspring Global Investments Holdings, LLC$339M
- NORGES BANK$241M
- CITADEL ADVISORS LLC$240M
- PRICE T ROWE ASSOCIATES INC /MD/$185M
- JANE STREET GROUP, LLC$150M
- Pictet Asset Management Holding SA$108M
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 |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 14,163,817 | $4.2B | 10.3% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 10,176,191 | $3.0B | 7.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 8,602,918 | $2.6B | 6.3% | 2026-Q1 |
| STATE STREET CORP trimmed | 6,970,426 | $2.1B | 5.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,368,680 | $1.3B | 3.2% | 2026-Q1 |
| FMR LLC added | 3,609,505 | $1.1B | 2.6% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 2,843,976 | $843M | 2.1% | 2026-Q1 |
| ALKEON CAPITAL MANAGEMENT LLC added | 2,789,510 | $827M | 2.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 2,870,640 | $793M | 2.0% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 2,484,365 | $737M | 1.8% | 2026-Q1 |
| Invesco Ltd. trimmed | 2,480,400 | $735M | 1.8% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 2,284,718 | $677M | 1.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 2,172,070 | $644M | 1.6% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 2,182,617 | $629M | 1.5% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 2,118,808 | $628M | 1.5% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 1,965,465 | $583M | 1.4% | 2026-Q1 |
| LONE PINE CAPITAL LLC new | 1,872,876 | $555M | 1.4% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 1,703,715 | $505M | 1.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 1,693,254 | $502M | 1.2% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 1,574,900 | $467M | 1.1% | 2026-Q1 |
| Assenagon Asset Management S.A. added | 1,455,143 | $431M | 1.1% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 1,409,567 | $418M | 1.0% | 2026-Q1 |
| Amundi added | 1,398,833 | $415M | 1.0% | 2026-Q1 |
| BARCLAYS PLC trimmed | 1,386,714 | $411M | 1.0% | 2026-Q1 |
| ARK Investment Management LLC trimmed | 1,245,122 | $369M | 0.9% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC trimmed | 1,112,693 | $347M | 0.9% | 2026-Q1 |
| CITIGROUP INC added | 1,144,838 | $339M | 0.8% | 2026-Q1 |
| UBS Group AG trimmed | 1,109,977 | $329M | 0.8% | 2026-Q1 |
| Legal & General Group Plc trimmed | 1,094,278 | $324M | 0.8% | 2026-Q1 |
| Rafferty Asset Management, LLC trimmed | 1,090,120 | $323M | 0.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,085,959 | $322M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,021,081 | $303M | 0.7% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 971,517 | $283M | 0.7% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 925,766 | $274M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp added | 885,318 | $262M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 881,262 | $261M | 0.6% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 872,377 | $259M | 0.6% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 866,712 | $257M | 0.6% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 851,579 | $252M | 0.6% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 839,431 | $249M | 0.6% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 830,964 | $246M | 0.6% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 800,549 | $237M | 0.6% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 798,467 | $237M | 0.6% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 776,495 | $230M | 0.6% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 720,661 | $214M | 0.5% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 652,110 | $193M | 0.5% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 650,784 | $188M | 0.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 645,148 | $185M | 0.5% | 2026-Q1 |
| Amova Asset Management Americas, Inc. trimmed | 555,597 | $165M | 0.4% | 2026-Q1 |
| WT Asset Management Ltd added | 553,216 | $164M | 0.4% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 550,691 | $163M | 0.4% | 2026-Q1 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 550,610 | $163M | 0.4% | 2026-Q1 |
| NORGES BANK trimmed | 1,914,021 | $158M | 0.4% | 2026-Q1 |
| Aspex Management (HK) Ltd trimmed | 506,070 | $150M | 0.4% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 486,919 | $144M | 0.4% | 2026-Q1 |
| Swiss National Bank added | 459,600 | $136M | 0.3% | 2026-Q1 |
| Trivest Advisors Ltd new | 456,800 | $135M | 0.3% | 2026-Q1 |
| SG Americas Securities, LLC added | 452,105 | $134M | 0.3% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 451,833 | $134M | 0.3% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 399,582 | $118M | 0.3% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 395,933 | $117M | 0.3% | 2026-Q1 |
| Bank Julius Baer & Co. Ltd, Zurich added | 384,899 | $112M | 0.3% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 566,925 | $110M | 0.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 360,054 | $107M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 351,335 | $104M | 0.3% | 2026-Q1 |
| KBC Group NV added | 348,553 | $103M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 343,786 | $102M | 0.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 340,416 | $101M | 0.2% | 2026-Q1 |
| Bridgewater Associates, LP added | 338,946 | $100M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 329,125 | $98M | 0.2% | 2026-Q1 |
| National Pension Service added | 323,718 | $96M | 0.2% | 2026-Q1 |
| OVERSEA-CHINESE BANKING Corp Ltd added | 322,380 | $96M | 0.2% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT CO LTD added | 320,119 | $95M | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC added | 316,163 | $94M | 0.2% | 2026-Q1 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 306,227 | $91M | 0.2% | 2026-Q1 |
| GF FUND MANAGEMENT CO. LTD. trimmed | 301,875 | $89M | 0.2% | 2026-Q1 |
| Korea Investment CORP added | 299,583 | $89M | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 285,157 | $84M | 0.2% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 280,757 | $83M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 273,776 | $81M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 273,353 | $81M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 269,646 | $80M | 0.2% | 2026-Q1 |
| Holocene Advisors, LP added | 264,814 | $79M | 0.2% | 2026-Q1 |
| AXIOM INVESTORS LLC /DE new | 253,463 | $75M | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP added | 253,272 | $75M | 0.2% | 2026-Q1 |
| Anther Capital Ltd new | 252,993 | $75M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 258,274 | $75M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 248,462 | $74M | 0.2% | 2026-Q1 |
| Mirae Asset Global Investments Co., Ltd. trimmed | 245,102 | $73M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 242,074 | $72M | 0.2% | 2026-Q1 |
| Nearwater Capital Markets, Ltd new | 225,000 | $67M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 223,850 | $66M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 212,672 | $63M | 0.2% | 2026-Q1 |
| Woodline Partners LP added | 211,821 | $63M | 0.2% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL trimmed | 207,134 | $61M | 0.2% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 20,222,982 | $3.9B | 9.6% | 2025-Q4 stale |
| Contour Asset Management LLC trimmed | 871,556 | $169M | 0.4% | 2025-Q4 stale |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC trimmed | 684,578 | $133M | 0.3% | 2025-Q4 stale |
| CIBC WORLD MARKETS CORP added | 475,161 | $92M | 0.2% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC added | 763,157 | $63M | 0.2% | 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.