Who owns TW (TW)
Which tracked institutional funds hold TW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TW 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
212 tracked funds added or opened TW while 105 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
TW’s largest tracked holder by dollar value, PRICE T ROWE ASSOCIATES INC /MD/, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TW 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 578 tracked filers holding TW, 330 increased or opened the position and 258 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 TW 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 36
- VANGUARD PORTFOLIO MANAGEMENT LLC$660M
- VANGUARD CAPITAL MANAGEMENT LLC$611M
- Linonia Partnership LP$328M
- JUPITER ASSET MANAGEMENT LTD$131M
- VANGUARD FIDUCIARY TRUST CO$85M
- Artisan Partners Limited Partnership$62M
Full exits 34
- VANGUARD GROUP INC$1.3B
- VIKING GLOBAL INVESTORS LP$298M
- Carmignac Gestion$238M
- CCLA Investment Management$127M
- CIBC Private Wealth Group LLC$38M
- Caisse de depot et placement du Quebec$37M
Largest adds
- T. Rowe Price Investment Management, Inc.$195M
- MILLENNIUM MANAGEMENT LLC$192M
- AQR CAPITAL MANAGEMENT LLC$141M
- UBS Group AG$125M
- JPMORGAN CHASE & CO$104M
- CITADEL ADVISORS LLC$79M
Largest trims
- BlackRock, Inc.$125M
- WELLINGTON MANAGEMENT GROUP LLP$123M
- TD Asset Management Inc$121M
- FRANKLIN RESOURCES INC$74M
- AMERICAN CENTURY COMPANIES INC$39M
- TWO SIGMA INVESTMENTS, LP$29M
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 |
|---|---|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 14,940,496 | $1.8B | 11.7% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 7,504,175 | $883M | 5.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 5,609,871 | $660M | 4.4% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 5,190,795 | $611M | 4.1% | 2026-Q1 |
| BlackRock, Inc. trimmed | 5,189,219 | $611M | 4.1% | 2026-Q1 |
| T. Rowe Price Investment Management, Inc. added | 3,398,763 | $400M | 2.7% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 2,893,006 | $340M | 2.3% | 2026-Q1 |
| Linonia Partnership LP new | 2,791,246 | $328M | 2.2% | 2026-Q1 |
| STATE STREET CORP added | 2,744,804 | $323M | 2.1% | 2026-Q1 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 2,650,663 | $312M | 2.1% | 2026-Q1 |
| Cantillon Capital Management LLC trimmed | 2,367,041 | $279M | 1.8% | 2026-Q1 |
| Capital World Investors added | 2,198,861 | $259M | 1.7% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,119,930 | $249M | 1.7% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 2,008,818 | $235M | 1.6% | 2026-Q1 |
| NORGES BANK added | 1,577,219 | $234M | 1.6% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 1,968,423 | $232M | 1.5% | 2026-Q1 |
| UBS Group AG added | 1,928,700 | $227M | 1.5% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1,703,878 | $200M | 1.3% | 2026-Q1 |
| NORDEA INVESTMENT MANAGEMENT AB added | 1,649,034 | $194M | 1.3% | 2026-Q1 |
| BESSEMER GROUP INC added | 1,626,599 | $191M | 1.3% | 2026-Q1 |
| Ninety One UK Ltd trimmed | 1,590,304 | $187M | 1.2% | 2026-Q1 |
| Champlain Investment Partners, LLC added | 1,469,486 | $173M | 1.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 1,358,032 | $160M | 1.1% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD added | 1,133,172 | $131M | 0.9% | 2026-Q1 |
| Harding Loevner LP trimmed | 1,085,069 | $128M | 0.8% | 2026-Q1 |
| KENSICO CAPITAL MANAGEMENT CORP added | 1,007,800 | $119M | 0.8% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 989,492 | $116M | 0.8% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 959,194 | $113M | 0.7% | 2026-Q1 |
| Capital International Investors trimmed | 929,461 | $109M | 0.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 824,696 | $97M | 0.6% | 2026-Q1 |
| FIL Ltd added | 787,555 | $93M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 718,982 | $85M | 0.6% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 699,945 | $82M | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 695,780 | $82M | 0.5% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 695,079 | $82M | 0.5% | 2026-Q1 |
| NORTHERN TRUST CORP added | 670,719 | $79M | 0.5% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC added | 632,790 | $74M | 0.5% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT CO LTD trimmed | 632,545 | $74M | 0.5% | 2026-Q1 |
| Mawer Investment Management Ltd. added | 626,551 | $74M | 0.5% | 2026-Q1 |
| FMR LLC trimmed | 544,243 | $64M | 0.4% | 2026-Q1 |
| Artisan Partners Limited Partnership trimmed | 530,801 | $62M | 0.4% | 2026-Q1 |
| Stephens Investment Management Group LLC added | 529,847 | $62M | 0.4% | 2026-Q1 |
| Square Wave Capital, LLC trimmed | 494,815 | $58M | 0.4% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 480,694 | $57M | 0.4% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 477,762 | $56M | 0.4% | 2026-Q1 |
| HMI Capital Management, L.P. trimmed | 463,700 | $55M | 0.4% | 2026-Q1 |
| Focus Partners Wealth trimmed | 448,548 | $53M | 0.4% | 2026-Q1 |
| Junto Capital Management LP trimmed | 427,544 | $50M | 0.3% | 2026-Q1 |
| TD Asset Management Inc trimmed | 423,089 | $50M | 0.3% | 2026-Q1 |
| Engineers Gate Manager LP added | 418,893 | $49M | 0.3% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 408,818 | $48M | 0.3% | 2026-Q1 |
| Fiera Capital Corp trimmed | 407,659 | $48M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 384,501 | $45M | 0.3% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 381,820 | $45M | 0.3% | 2026-Q1 |
| MARSHALL WACE, LLP added | 377,441 | $44M | 0.3% | 2026-Q1 |
| BAMCO INC /NY/ trimmed | 367,448 | $43M | 0.3% | 2026-Q1 |
| BROWN BROTHERS HARRIMAN & CO added | 351,431 | $41M | 0.3% | 2026-Q1 |
| CIBC Bancorp USA Inc. added | 341,870 | $40M | 0.3% | 2026-Q1 |
| North Reef Capital Management LP added | 337,071 | $40M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 332,335 | $39M | 0.3% | 2026-Q1 |
| PRIMECAP MANAGEMENT CO/CA/ trimmed | 328,082 | $39M | 0.3% | 2026-Q1 |
| Fisher Funds Management LTD trimmed | 303,799 | $36M | 0.2% | 2026-Q1 |
| Vinva Investment Management Ltd added | 303,636 | $35M | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 301,227 | $35M | 0.2% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 281,910 | $33M | 0.2% | 2026-Q1 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 277,436 | $33M | 0.2% | 2026-Q1 |
| RENAISSANCE GROUP LLC added | 273,837 | $32M | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 273,595 | $32M | 0.2% | 2026-Q1 |
| AustralianSuper Pty Ltd trimmed | 270,212 | $32M | 0.2% | 2026-Q1 |
| Legal & General Group Plc added | 269,165 | $32M | 0.2% | 2026-Q1 |
| AMERICAN CAPITAL MANAGEMENT INC trimmed | 249,247 | $29M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 235,967 | $28M | 0.2% | 2026-Q1 |
| Gotham Asset Management, LLC added | 228,211 | $27M | 0.2% | 2026-Q1 |
| CREDIT AGRICOLE S A added | 226,310 | $27M | 0.2% | 2026-Q1 |
| Praesidium Investment Management Company, LLC added | 224,358 | $26M | 0.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 223,664 | $26M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 222,307 | $26M | 0.2% | 2026-Q1 |
| Handelsbanken Fonder AB trimmed | 219,500 | $26M | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 209,095 | $25M | 0.2% | 2026-Q1 |
| Altshuler Shaham Ltd | 205,000 | $24M | 0.2% | 2026-Q1 |
| Norinchukin Bank, The trimmed | 193,898 | $23M | 0.2% | 2026-Q1 |
| Amundi trimmed | 188,569 | $22M | 0.1% | 2026-Q1 |
| SEI INVESTMENTS CO added | 184,552 | $22M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 175,179 | $21M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 166,888 | $20M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 11,799,148 | $1.3B | 8.4% | 2025-Q4 stale |
| VIKING GLOBAL INVESTORS LP new | 2,768,659 | $298M | 2.0% | 2025-Q4 stale |
| AXIOM INVESTORS LLC /DE trimmed | 1,893,905 | $277M | 1.8% | 2025-Q2 stale |
| Carmignac Gestion added | 2,214,400 | $238M | 1.6% | 2025-Q4 stale |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 1,301,903 | $191M | 1.3% | 2025-Q2 stale |
| CCLA Investment Management added | 1,182,118 | $127M | 0.8% | 2025-Q4 stale |
| WESTFIELD CAPITAL MANAGEMENT CO LP trimmed | 447,615 | $66M | 0.4% | 2025-Q2 stale |
| Perpetual Ltd added | 394,969 | $58M | 0.4% | 2025-Q2 stale |
| CIBC Private Wealth Group LLC trimmed | 357,060 | $38M | 0.3% | 2025-Q4 stale |
| Caisse de depot et placement du Quebec added | 340,318 | $37M | 0.2% | 2025-Q4 stale |
| Stony Point Capital LLC added | 230,315 | $34M | 0.2% | 2025-Q1 stale |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 175,000 | $26M | 0.2% | 2025-Q1 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 170,084 | $25M | 0.2% | 2025-Q2 stale |
| Cubist Systematic Strategies, LLC added | 183,940 | $20M | 0.1% | 2025-Q3 stale |
| ODDO BHF ASSET MANAGEMENT SAS trimmed | 135,663 | $20M | 0.1% | 2025-Q2 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.