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-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
297 tracked funds added or opened TOL while 118 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
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 2026-Q1 and 2026-Q2, across 753 tracked filers holding TOL, 415 increased or opened the position and 356 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 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 35
- Jupiter Topco LLC$89M
- Zurich Insurance Group Ltd/FI$76M
- Ceredex Value Advisors LLC$37M
- Sone Capital Management, LLC$19M
- SummitTX Capital, L.P.$18M
- VIKING GLOBAL INVESTORS LP$18M
Full exits 76
- LSV ASSET MANAGEMENT$112M
- JANUS HENDERSON GROUP PLC$72M
- Pacer Advisors, Inc.$59M
- Squarepoint Ops LLC$40M
- Point72 Asset Management, L.P.$38M
- Woodline Partners LP$36M
Largest adds
- BlackRock, Inc.$418M
- PRICE T ROWE ASSOCIATES INC /MD/$259M
- FMR LLC$200M
- GREENHAVEN ASSOCIATES INC$157M
- Capital World Investors$155M
- VANGUARD CAPITAL MANAGEMENT LLC$127M
Largest trims
- BALYASNY ASSET MANAGEMENT L.P.$63M
- Qube Research & Technologies Ltd$46M
- Junto Capital Management LP$38M
- CITADEL ADVISORS LLC$36M
- Bridgewater Associates, LP$26M
- COOKSON PEIRCE & CO INC$25M
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 |
|---|---|---|---|---|
| BlackRock, Inc. added | 9,776,609 | $1.6B | 12.7% | 2026-Q2 |
| GREENHAVEN ASSOCIATES INC trimmed | 5,630,109 | $928M | 7.3% | 2026-Q2 |
| Capital World Investors added | 5,252,278 | $865M | 6.8% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 4,291,127 | $707M | 5.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 4,174,405 | $688M | 5.4% | 2026-Q2 |
| FMR LLC added | 4,111,225 | $677M | 5.4% | 2026-Q2 |
| STATE STREET CORP added | 3,505,828 | $578M | 4.6% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 3,106,991 | $512M | 4.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,490,850 | $410M | 3.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 1,894,554 | $312M | 2.5% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 1,617,618 | $266M | 2.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 1,470,543 | $242M | 1.9% | 2026-Q2 |
| JENNISON ASSOCIATES LLC added | 1,420,703 | $234M | 1.9% | 2026-Q2 |
| Holocene Advisors, LP added | 1,331,245 | $219M | 1.7% | 2026-Q2 |
| NORGES BANK trimmed | 1,188,342 | $196M | 1.5% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,156,108 | $190M | 1.5% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 1,119,309 | $184M | 1.5% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,080,884 | $179M | 1.4% | 2026-Q2 |
| BAMCO INC /NY/ added | 1,009,102 | $166M | 1.3% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 1,000,326 | $165M | 1.3% | 2026-Q2 |
| NORTHERN TRUST CORP added | 863,447 | $142M | 1.1% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 820,066 | $135M | 1.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 764,261 | $126M | 1.0% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 736,546 | $121M | 1.0% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 720,696 | $119M | 0.9% | 2026-Q2 |
| UBS Group AG added | 698,364 | $115M | 0.9% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 667,501 | $110M | 0.9% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 599,434 | $99M | 0.8% | 2026-Q2 |
| Jupiter Topco LLC new | 537,935 | $89M | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 514,471 | $85M | 0.7% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 486,199 | $80M | 0.6% | 2026-Q2 |
| Zurich Insurance Group Ltd/FI new | 460,235 | $76M | 0.6% | 2026-Q2 |
| Invesco Ltd. added | 401,260 | $66M | 0.5% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 390,000 | $64M | 0.5% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 370,653 | $61M | 0.5% | 2026-Q2 |
| MARSHALL WACE, LLP added | 353,898 | $58M | 0.5% | 2026-Q2 |
| Quantinno Capital Management LP trimmed | 339,368 | $56M | 0.4% | 2026-Q2 |
| MILFORD FUNDS LTD trimmed | 335,735 | $55M | 0.4% | 2026-Q2 |
| Walleye Capital LLC trimmed | 334,325 | $55M | 0.4% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 319,146 | $53M | 0.4% | 2026-Q2 |
| ANCHOR CAPITAL ADVISORS LLC trimmed | 315,103 | $52M | 0.4% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 287,889 | $47M | 0.4% | 2026-Q2 |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | 284,288 | $47M | 0.4% | 2026-Q2 |
| Caisse de depot et placement du Quebec added | 282,814 | $47M | 0.4% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 282,504 | $47M | 0.4% | 2026-Q2 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. added | 270,691 | $45M | 0.4% | 2026-Q2 |
| Pictet Asset Management Holding SA added | 267,602 | $44M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 265,254 | $44M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 253,431 | $42M | 0.3% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 248,405 | $34M | 0.3% | 2026-Q2 |
| Ceredex Value Advisors LLC added | 224,656 | $37M | 0.3% | 2026-Q2 |
| BARCLAYS PLC trimmed | 215,378 | $35M | 0.3% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 215,018 | $35M | 0.3% | 2026-Q2 |
| Nuveen, LLC added | 208,501 | $34M | 0.3% | 2026-Q2 |
| Allianz Asset Management GmbH added | 207,679 | $28M | 0.2% | 2026-Q2 |
| Retirement Systems of Alabama trimmed | 197,275 | $33M | 0.3% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 197,275 | $33M | 0.3% | 2026-Q2 |
| Swiss National Bank added | 190,100 | $31M | 0.2% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 183,005 | $30M | 0.2% | 2026-Q2 |
| Verition Fund Management LLC added | 182,257 | $30M | 0.2% | 2026-Q2 |
| ASSETMARK, INC trimmed | 179,605 | $30M | 0.2% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 176,784 | $29M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 174,422 | $29M | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 161,475 | $27M | 0.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 160,886 | $27M | 0.2% | 2026-Q2 |
| Rafferty Asset Management, LLC added | 158,326 | $26M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 156,608 | $26M | 0.2% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. added | 145,110 | $24M | 0.2% | 2026-Q2 |
| GATEWAY INVESTMENT ADVISERS LLC added | 140,680 | $23M | 0.2% | 2026-Q2 |
| Legal & General Group Plc trimmed | 139,116 | $23M | 0.2% | 2026-Q2 |
| IEQ CAPITAL, LLC trimmed | 128,217 | $21M | 0.2% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 125,226 | $21M | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 119,287 | $20M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 118,527 | $20M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 115,949 | $16M | 0.1% | 2026-Q2 |
| Sone Capital Management, LLC new | 114,762 | $19M | 0.1% | 2026-Q2 |
| GDS Wealth Management added | 112,951 | $19M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 112,639 | $19M | 0.1% | 2026-Q2 |
| SummitTX Capital, L.P. added | 110,615 | $18M | 0.1% | 2026-Q2 |
| VIKING GLOBAL INVESTORS LP new | 109,856 | $18M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 108,808 | $18M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 108,383 | $18M | 0.1% | 2026-Q2 |
| Distillate Capital Partners LLC added | 108,129 | $18M | 0.1% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 107,253 | $18M | 0.1% | 2026-Q2 |
| LYELL WEALTH MANAGEMENT, LP added | 105,787 | $17M | 0.1% | 2026-Q2 |
| Gotham Asset Management, LLC trimmed | 104,942 | $17M | 0.1% | 2026-Q2 |
| Baird Financial Group, Inc. added | 103,709 | $17M | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 99,369 | $16M | 0.1% | 2026-Q2 |
| Empowered Funds, LLC trimmed | 98,473 | $16M | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 97,442 | $16M | 0.1% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. added | 97,211 | $16M | 0.1% | 2026-Q2 |
| De Lisle Partners LLP | 95,000 | $16M | 0.1% | 2026-Q2 |
| Junto Capital Management LP trimmed | 93,708 | $15M | 0.1% | 2026-Q2 |
| BANK OF NOVA SCOTIA added | 93,433 | $15M | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 92,093 | $15M | 0.1% | 2026-Q2 |
| Riverstone Advisors, LLC trimmed | 90,966 | $15M | 0.1% | 2026-Q2 |
| DAVIS R M INC trimmed | 90,916 | $15M | 0.1% | 2026-Q2 |
| KETTLE HILL CAPITAL MANAGEMENT, LLC added | 90,764 | $15M | 0.1% | 2026-Q2 |
| WEDGEWOOD PARTNERS INC added | 90,562 | $15M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 90,388 | $15M | 0.1% | 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.