Who owns Toll Brothers (TOL)
Which tracked institutional funds hold TOL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TOL company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 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
188 tracked funds added or opened TOL while 128 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
TOL’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes TOL more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in TOL 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 774 tracked filers holding TOL, 412 increased or opened the position and 317 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 TOL 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 57
- VANGUARD CAPITAL MANAGEMENT LLC$580M
- VANGUARD PORTFOLIO MANAGEMENT LLC$569M
- VANGUARD FIDUCIARY TRUST CO$80M
- Squarepoint Ops LLC$40M
- ExodusPoint Capital Management, LP$14M
- WEDGEWOOD PARTNERS INC$12M
Full exits 37
- VANGUARD GROUP INC$1.2B
- TWO SIGMA ADVISERS, LP$55M
- MUFG Securities EMEA plc$31M
- Prana Capital Management, LP$22M
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/$20M
- Interval Partners, LP$19M
Largest adds
- Pacer Advisors, Inc.$57M
- JENNISON ASSOCIATES LLC$46M
- Quantinno Capital Management LP$42M
- MILLENNIUM MANAGEMENT LLC$42M
- Qube Research & Technologies Ltd$39M
- JPMORGAN CHASE & CO$36M
Largest trims
- PRICE T ROWE ASSOCIATES INC /MD/$393M
- BlackRock, Inc.$169M
- AQR CAPITAL MANAGEMENT LLC$60M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$50M
- VICTORY CAPITAL MANAGEMENT INC$45M
- BAMCO INC /NY/$31M
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. added | 9,776,609 | $1.6B | 12.1% | 2026-Q2 |
| Capital World Investors added | 5,252,278 | $865M | 6.5% | 2026-Q2 |
| GREENHAVEN ASSOCIATES INC added | 5,645,309 | $770M | 5.8% | 2026-Q1 |
| FMR LLC added | 4,111,225 | $677M | 5.1% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 4,252,652 | $580M | 4.4% | 2026-Q1 |
| STATE STREET CORP added | 3,505,828 | $578M | 4.3% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 4,170,253 | $569M | 4.3% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,990,447 | $408M | 3.1% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,379,639 | $325M | 2.4% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 1,894,554 | $312M | 2.3% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 1,617,618 | $266M | 2.0% | 2026-Q2 |
| NORGES BANK trimmed | 1,188,342 | $196M | 1.5% | 2026-Q2 |
| JENNISON ASSOCIATES LLC added | 1,418,543 | $194M | 1.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,336,278 | $182M | 1.4% | 2026-Q1 |
| MORGAN STANLEY added | 1,273,748 | $174M | 1.3% | 2026-Q1 |
| Holocene Advisors, LP added | 1,059,585 | $145M | 1.1% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,032,910 | $141M | 1.1% | 2026-Q1 |
| BAMCO INC /NY/ trimmed | 932,031 | $127M | 1.0% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 720,696 | $119M | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 855,583 | $117M | 0.9% | 2026-Q1 |
| LSV ASSET MANAGEMENT trimmed | 819,359 | $112M | 0.8% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 667,501 | $110M | 0.8% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 762,752 | $104M | 0.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 751,404 | $103M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 728,104 | $99M | 0.7% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 598,128 | $82M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 587,377 | $80M | 0.6% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 486,199 | $80M | 0.6% | 2026-Q2 |
| JANUS HENDERSON GROUP PLC added | 528,903 | $72M | 0.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 518,135 | $70M | 0.5% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 535,716 | $70M | 0.5% | 2026-Q1 |
| Quantinno Capital Management LP added | 497,751 | $68M | 0.5% | 2026-Q1 |
| Invesco Ltd. added | 401,260 | $66M | 0.5% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 479,428 | $65M | 0.5% | 2026-Q1 |
| UBS Group AG added | 446,640 | $61M | 0.5% | 2026-Q1 |
| Pacer Advisors, Inc. added | 430,356 | $59M | 0.4% | 2026-Q1 |
| MARSHALL WACE, LLP added | 353,898 | $58M | 0.4% | 2026-Q2 |
| Junto Capital Management LP trimmed | 393,005 | $54M | 0.4% | 2026-Q1 |
| Walleye Capital LLC trimmed | 391,002 | $53M | 0.4% | 2026-Q1 |
| MILFORD FUNDS LTD added | 354,987 | $48M | 0.4% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 287,889 | $47M | 0.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 338,806 | $46M | 0.3% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 330,000 | $45M | 0.3% | 2026-Q1 |
| ANCHOR CAPITAL ADVISORS LLC trimmed | 327,136 | $45M | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 311,776 | $43M | 0.3% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 308,850 | $42M | 0.3% | 2026-Q1 |
| Squarepoint Ops LLC added | 290,143 | $40M | 0.3% | 2026-Q1 |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. trimmed | 284,288 | $39M | 0.3% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 279,587 | $38M | 0.3% | 2026-Q1 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. added | 268,356 | $37M | 0.3% | 2026-Q1 |
| Woodline Partners LP added | 266,679 | $36M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 256,584 | $35M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 243,656 | $33M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC added | 227,044 | $31M | 0.2% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 226,760 | $31M | 0.2% | 2026-Q1 |
| Verition Fund Management LLC added | 182,257 | $30M | 0.2% | 2026-Q2 |
| BARCLAYS PLC trimmed | 216,568 | $30M | 0.2% | 2026-Q1 |
| Retirement Systems of Alabama trimmed | 215,480 | $29M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 239,665 | $29M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 211,432 | $29M | 0.2% | 2026-Q1 |
| Allianz Asset Management GmbH added | 207,634 | $28M | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 202,010 | $28M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 201,287 | $27M | 0.2% | 2026-Q1 |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC trimmed | 199,230 | $27M | 0.2% | 2026-Q1 |
| ASSETMARK, INC added | 191,100 | $26M | 0.2% | 2026-Q1 |
| COOKSON PEIRCE & CO INC added | 188,472 | $26M | 0.2% | 2026-Q1 |
| Swiss National Bank trimmed | 187,900 | $26M | 0.2% | 2026-Q1 |
| Empowered Funds, LLC added | 185,113 | $25M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 181,421 | $25M | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 173,000 | $24M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 167,050 | $23M | 0.2% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 163,318 | $22M | 0.2% | 2026-Q1 |
| IEQ CAPITAL, LLC trimmed | 159,808 | $22M | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 158,589 | $22M | 0.2% | 2026-Q1 |
| Legal & General Group Plc trimmed | 139,188 | $19M | 0.1% | 2026-Q1 |
| Rafferty Asset Management, LLC trimmed | 136,065 | $19M | 0.1% | 2026-Q1 |
| VIKING GLOBAL INVESTORS LP new | 109,856 | $18M | 0.1% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. added | 128,775 | $18M | 0.1% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 126,904 | $17M | 0.1% | 2026-Q1 |
| CITIGROUP INC trimmed | 124,166 | $17M | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC added | 124,491 | $17M | 0.1% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 118,801 | $16M | 0.1% | 2026-Q1 |
| GATEWAY INVESTMENT ADVISERS LLC trimmed | 118,432 | $16M | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 117,025 | $16M | 0.1% | 2026-Q1 |
| Union Bancaire Privee, UBP SA | 121,100 | $16M | 0.1% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 115,745 | $16M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 9,176,872 | $1.2B | 9.3% | 2025-Q4 stale |
| LONE PINE CAPITAL LLC new | 3,800,580 | $401M | 3.0% | 2025-Q1 stale |
| D1 Capital Partners L.P. added | 1,603,881 | $183M | 1.4% | 2025-Q2 stale |
| Long Pond Capital, LP trimmed | 641,844 | $73M | 0.5% | 2025-Q2 stale |
| TWO SIGMA ADVISERS, LP added | 406,000 | $55M | 0.4% | 2025-Q4 stale |
| Jain Global LLC new | 273,756 | $31M | 0.2% | 2025-Q2 stale |
| MUFG Securities EMEA plc new | 226,000 | $31M | 0.2% | 2025-Q4 stale |
| GRS Advisors, LLC new | 205,612 | $28M | 0.2% | 2025-Q3 stale |
| Employees Retirement System of Texas trimmed | 247,100 | $26M | 0.2% | 2025-Q1 stale |
| Prana Capital Management, LP added | 164,841 | $22M | 0.2% | 2025-Q4 stale |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 151,406 | $20M | 0.2% | 2025-Q4 stale |
| Interval Partners, LP added | 137,025 | $19M | 0.1% | 2025-Q4 stale |
| BRIGHTLINE CAPITAL MANAGEMENT, LLC added | 160,000 | $18M | 0.1% | 2025-Q2 stale |
| Driehaus Capital Management LLC trimmed | 114,105 | $16M | 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.