Who owns UL
Which tracked institutional funds hold UL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See UL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 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
244 tracked funds added or opened UL while 136 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
UL’s largest tracked holder by dollar value, WELLINGTON MANAGEMENT GROUP LLP, sizes it at 0.4% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in UL 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 1144 tracked filers holding UL, 558 increased or opened the position and 566 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 UL 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 39
- Lansforsakringar Fondforvaltning AB (publ)$51M
- Trexquant Investment LP$26M
- Freestone Grove Partners LP$25M
- FACTORY MUTUAL INSURANCE CO$23M
- TriCert Investment Counsel Inc.$15M
- Capital Wealth Planning, LLC$14M
Full exits 57
- Thrivent Financial for Lutherans$151M
- NATIXIS ADVISORS, LLC$79M
- Aristotle Capital Management, LLC$47M
- Janney Montgomery Scott LLC$41M
- HighTower Advisors, LLC$25M
- Reynders McVeigh Capital Management, LLC$17M
Largest adds
- PRICE T ROWE ASSOCIATES INC /MD/$274M
- Fisher Asset Management, LLC$273M
- FMR LLC$226M
- D. E. Shaw & Co., Inc.$217M
- CITADEL ADVISORS LLC$112M
- JANE STREET GROUP, LLC$106M
Largest trims
- WELLINGTON MANAGEMENT GROUP LLP$165M
- Clearbridge Investments, LLC$72M
- BANK OF AMERICA CORP /DE/$59M
- BARROW HANLEY MEWHINNEY & STRAUSS LLC$57M
- NORGES BANK$56M
- JENNISON ASSOCIATES LLC$43M
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 |
|---|---|---|---|---|
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 35,063,391 | $2.1B | 15.7% | 2026-Q2 |
| Fisher Asset Management, LLC added | 24,693,472 | $1.5B | 11.1% | 2026-Q2 |
| MORGAN STANLEY added | 9,665,376 | $581M | 4.3% | 2026-Q2 |
| FMR LLC added | 9,006,011 | $541M | 4.0% | 2026-Q2 |
| GQG Partners LLC trimmed | 8,673,777 | $521M | 3.9% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 8,143,219 | $490M | 3.6% | 2026-Q2 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO added | 6,174,081 | $371M | 2.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 5,331,851 | $321M | 2.4% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 4,808,071 | $289M | 2.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 4,223,732 | $254M | 1.9% | 2026-Q2 |
| Clearbridge Investments, LLC trimmed | 4,135,829 | $249M | 1.9% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 4,117,069 | $248M | 1.8% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 4,080,798 | $245M | 1.8% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 3,994,633 | $240M | 1.8% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 3,985,623 | $244M | 1.8% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 3,762,722 | $226M | 1.7% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 3,283,022 | $197M | 1.5% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 3,039,810 | $183M | 1.4% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 2,751,880 | $165M | 1.2% | 2026-Q2 |
| Cullen Capital Management, LLC added | 2,745,360 | $165M | 1.2% | 2026-Q2 |
| Hamlin Capital Management, LLC added | 2,722,721 | $164M | 1.2% | 2026-Q2 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed | 2,565,840 | $154M | 1.1% | 2026-Q2 |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC trimmed | 2,519,773 | $151M | 1.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 2,336,422 | $140M | 1.0% | 2026-Q2 |
| BlackRock, Inc. trimmed | 2,293,405 | $138M | 1.0% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 2,138,036 | $129M | 1.0% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 2,103,480 | $126M | 0.9% | 2026-Q2 |
| EQUITY INVESTMENT CORP added | 1,996,952 | $120M | 0.9% | 2026-Q2 |
| Saratoga Research & Investment Management added | 1,986,430 | $119M | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 1,850,253 | $111M | 0.8% | 2026-Q2 |
| FIDUCIARY MANAGEMENT INC /WI/ trimmed | 1,786,644 | $107M | 0.8% | 2026-Q2 |
| LPL Financial LLC added | 1,712,505 | $103M | 0.8% | 2026-Q2 |
| FEDERATED HERMES, INC. trimmed | 1,642,701 | $99M | 0.7% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 1,592,185 | $96M | 0.7% | 2026-Q2 |
| NORGES BANK trimmed | 1,583,098 | $95M | 0.7% | 2026-Q2 |
| Munich Reinsurance Co Stock Corp in Munich trimmed | 1,531,084 | $92M | 0.7% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 1,509,491 | $91M | 0.7% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 1,438,344 | $88M | 0.7% | 2026-Q2 |
| EVERETT HARRIS & CO /CA/ added | 1,418,743 | $85M | 0.6% | 2026-Q2 |
| COOKE & BIELER LP added | 1,231,189 | $74M | 0.6% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 1,231,031 | $75M | 0.6% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 1,167,336 | $70M | 0.5% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 1,062,661 | $64M | 0.5% | 2026-Q2 |
| SATURNA CAPITAL CORP added | 1,048,865 | $63M | 0.5% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 1,033,720 | $62M | 0.5% | 2026-Q2 |
| Bank of New York Mellon Corp added | 943,718 | $57M | 0.4% | 2026-Q2 |
| UBS Group AG added | 927,430 | $56M | 0.4% | 2026-Q2 |
| Lansforsakringar Fondforvaltning AB (publ) added | 854,189 | $51M | 0.4% | 2026-Q2 |
| First Eagle Investment Management, LLC added | 842,507 | $51M | 0.4% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 812,563 | $49M | 0.4% | 2026-Q2 |
| 1832 Asset Management L.P. added | 803,896 | $48M | 0.4% | 2026-Q2 |
| BROWN ADVISORY INC trimmed | 728,942 | $44M | 0.3% | 2026-Q2 |
| St. James Investment Company, LLC added | 710,415 | $43M | 0.3% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 680,642 | $41M | 0.3% | 2026-Q2 |
| Advisors Capital Management, LLC added | 677,809 | $41M | 0.3% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 670,102 | $40M | 0.3% | 2026-Q2 |
| Grantham, Mayo, Van Otterloo & Co. LLC added | 652,686 | $39M | 0.3% | 2026-Q2 |
| Cerity Partners LLC trimmed | 633,874 | $38M | 0.3% | 2026-Q2 |
| OPPENHEIMER ASSET MANAGEMENT INC. added | 630,098 | $38M | 0.3% | 2026-Q2 |
| CAPITAL ADVISORS INC/OK trimmed | 629,025 | $38M | 0.3% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 616,409 | $37M | 0.3% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 590,086 | $35M | 0.3% | 2026-Q2 |
| Chevy Chase Trust Holdings, LLC added | 589,797 | $35M | 0.3% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 579,027 | $35M | 0.3% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 569,489 | $34M | 0.3% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 566,809 | $34M | 0.3% | 2026-Q2 |
| Corient Private Wealth LP added | 540,568 | $32M | 0.2% | 2026-Q2 |
| M&T Bank Corp added | 527,848 | $32M | 0.2% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. trimmed | 490,979 | $30M | 0.2% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 490,089 | $29M | 0.2% | 2026-Q2 |
| ASSETMARK, INC added | 479,181 | $29M | 0.2% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 462,402 | $28M | 0.2% | 2026-Q2 |
| Holowesko Partners Ltd. added | 459,600 | $28M | 0.2% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 454,697 | $27M | 0.2% | 2026-Q2 |
| Creative Planning added | 452,555 | $27M | 0.2% | 2026-Q2 |
| TRILLIUM ASSET MANAGEMENT, LLC trimmed | 447,107 | $27M | 0.2% | 2026-Q2 |
| SEI INVESTMENTS CO added | 444,887 | $27M | 0.2% | 2026-Q2 |
| Cardinal Capital Management, Inc. added | 441,818 | $27M | 0.2% | 2026-Q2 |
| Trexquant Investment LP added | 439,074 | $26M | 0.2% | 2026-Q2 |
| Freestone Grove Partners LP new | 423,982 | $25M | 0.2% | 2026-Q2 |
| River Road Asset Management, LLC trimmed | 408,941 | $25M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 397,680 | $24M | 0.2% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 390,342 | $23M | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 389,025 | $23M | 0.2% | 2026-Q2 |
| FACTORY MUTUAL INSURANCE CO trimmed | 375,457 | $23M | 0.2% | 2026-Q2 |
| MANAGED ASSET PORTFOLIOS, LLC added | 375,179 | $23M | 0.2% | 2026-Q2 |
| CLARK ESTATES INC/NY added | 370,000 | $22M | 0.2% | 2026-Q2 |
| Cheviot Value Management, LLC added | 367,496 | $22M | 0.2% | 2026-Q2 |
| Compagnie Lombard Odier SCmA | 346,666 | $21M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 341,611 | $21M | 0.2% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 340,200 | $20M | 0.2% | 2026-Q2 |
| Mariner, LLC added | 336,606 | $20M | 0.2% | 2026-Q2 |
| GRANDFIELD & DODD, LLC trimmed | 333,475 | $20M | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 331,756 | $20M | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 319,661 | $19M | 0.1% | 2026-Q2 |
| Sustainable Growth Advisers, LP trimmed | 310,450 | $19M | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 308,413 | $19M | 0.1% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 288,725 | $18M | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 288,656 | $17M | 0.1% | 2026-Q2 |
| MAR VISTA INVESTMENT PARTNERS LLC trimmed | 284,749 | $17M | 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.