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Institutional Ownership · SEC Form 13F

Who owns VAL (VAL)


Which tracked institutional funds hold VAL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See VAL 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.

406
Institutional holders
63,883,908
Shares held (tracked funds)
92.3%
Of shares outstanding

How the tape is positioned

195 tracked funds added or opened VAL while 69 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

VAL’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 0.1% of theirs — a 0.1pp gap the other way — the median holder sizes VAL more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in VAL 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 378 tracked filers holding VAL, 209 increased or opened the position and 204 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 VAL 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 51

  • VANGUARD PORTFOLIO MANAGEMENT LLC$283M
  • VANGUARD CAPITAL MANAGEMENT LLC$255M
  • AQR Arbitrage LLC$60M
  • WHITEBOX ADVISORS LLC$57M
  • Hudson Bay Capital Management LP$52M
  • ALPINE ASSOCIATES MANAGEMENT INC.$46M

Full exits 43

  • VANGUARD GROUP INC$269M
  • London & Capital Asset Management Ltd$39M
  • Dalal Street, LLC$23M
  • Tensile Capital Management LP$17M
  • SEGALL BRYANT & HAMILL, LLC$10M
  • Lloyd Harbor Capital Management, LLC$9M

Largest adds

  • BlackRock, Inc.$311M
  • OAK HILL ADVISORS LP$228M
  • Lingotto Investment Management LLP$176M
  • DIMENSIONAL FUND ADVISORS LP$165M
  • GOLDMAN SACHS GROUP INC$143M
  • MORGAN STANLEY$138M

Largest trims

  • Rockefeller Capital Management L.P.$9M
  • CITADEL ADVISORS LLC$8M
  • HRT FINANCIAL LP$7M
  • Point72 Asset Management, L.P.$6M
  • Schonfeld Strategic Advisors LLC$5M
  • M&T Bank Corp$5M

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).

FundSharesReported value% of valueQuarter
BlackRock, Inc. trimmed7,182,524$704M11.2%2026-Q1
OAK HILL ADVISORS LP4,791,979$470M7.5%2026-Q1
Lingotto Investment Management LLP trimmed3,706,866$363M5.8%2026-Q1
DIMENSIONAL FUND ADVISORS LP added3,349,443$328M5.2%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new2,883,797$283M4.5%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new2,596,222$255M4.0%2026-Q1
STATE STREET CORP trimmed2,497,508$245M3.9%2026-Q1
MORGAN STANLEY added2,080,855$204M3.2%2026-Q1
GOLDMAN SACHS GROUP INC added1,781,101$175M2.8%2026-Q1
AMERICAN CENTURY COMPANIES INC added1,677,109$164M2.6%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added1,631,249$160M2.5%2026-Q1
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added1,363,230$134M2.1%2026-Q1
Goehring & Rozencwajg Associates, LLC added1,319,351$129M2.1%2026-Q1
Condire Management, LP1,158,651$114M1.8%2026-Q1
VAN ECK ASSOCIATES CORP added1,103,370$108M1.7%2026-Q1
MILLENNIUM MANAGEMENT LLC added963,645$94M1.5%2026-Q1
NORTHERN TRUST CORP added801,022$79M1.2%2026-Q1
FIL Ltd trimmed792,978$78M1.2%2026-Q1
ANTIPODES PARTNERS Ltd added770,992$76M1.2%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed678,487$67M1.1%2026-Q1
AQR Arbitrage LLC new609,711$60M1.0%2026-Q1
WHITEBOX ADVISORS LLC added583,937$57M0.9%2026-Q1
CITIGROUP INC added567,790$56M0.9%2026-Q1
UBS Group AG added553,945$54M0.9%2026-Q1
BANK OF AMERICA CORP /DE/ added537,412$53M0.8%2026-Q1
THIRD AVENUE MANAGEMENT LLC trimmed508,186$50M0.8%2026-Q1
Magnetar Financial LLC added487,289$48M0.8%2026-Q1
ALPINE ASSOCIATES MANAGEMENT INC. trimmed472,500$46M0.7%2026-Q1
Moerus Capital Management LLC trimmed463,985$45M0.7%2026-Q1
Bank of New York Mellon Corp trimmed437,574$43M0.7%2026-Q1
BALYASNY ASSET MANAGEMENT L.P. added435,069$43M0.7%2026-Q1
Invesco Ltd. trimmed424,572$42M0.7%2026-Q1
VANGUARD FIDUCIARY TRUST CO new409,575$40M0.6%2026-Q1
SEI INVESTMENTS CO added399,805$39M0.6%2026-Q1
VOYA INVESTMENT MANAGEMENT LLC trimmed393,543$39M0.6%2026-Q1
D. E. Shaw & Co., Inc. added336,221$33M0.5%2026-Q1
NORGES BANK added722,172$28M0.5%2026-Q1
Hosking Partners LLP trimmed283,209$28M0.4%2026-Q1
MUFG Securities EMEA plc new266,400$26M0.4%2026-Q1
EDMOND DE ROTHSCHILD HOLDING S.A. trimmed250,000$25M0.4%2026-Q1
JPMORGAN CHASE & CO trimmed241,050$24M0.4%2026-Q1
TORONTO DOMINION BANK added235,013$23M0.4%2026-Q1
VALUEWORKS LLC trimmed219,133$21M0.3%2026-Q1
Woodline Partners LP new207,006$20M0.3%2026-Q1
Packer & Co Ltd203,000$20M0.3%2026-Q1
RHUMBLINE ADVISERS trimmed194,695$19M0.3%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added184,082$18M0.3%2026-Q1
PEAK6 LLC added182,393$18M0.3%2026-Q1
Sand Grove Capital Management LLP new173,830$17M0.3%2026-Q1
CARRONADE CAPITAL MANAGEMENT, LP added1,006,319$16M0.3%2026-Q1
RENAISSANCE TECHNOLOGIES LLC trimmed162,700$16M0.3%2026-Q1
Squarepoint Ops LLC added160,340$16M0.2%2026-Q1
Verition Fund Management LLC added156,906$15M0.2%2026-Q1
DEUTSCHE BANK AG\ trimmed156,565$15M0.2%2026-Q1
LMR Partners LLP added958,882$15M0.2%2026-Q1
California Public Employees Retirement System added141,470$14M0.2%2026-Q1
Susquehanna Portfolio Strategies, LLC138,867$14M0.2%2026-Q1
Melqart Asset Management (UK) Ltd new133,992$13M0.2%2026-Q1
Nuveen, LLC trimmed132,017$13M0.2%2026-Q1
Swiss National Bank added126,800$12M0.2%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added126,616$12M0.2%2026-Q1
Hara Capital LLC trimmed124,225$12M0.2%2026-Q1
TUDOR INVESTMENT CORP ET AL trimmed114,504$11M0.2%2026-Q1
Stanley-Laman Group, Ltd. trimmed105,827$10M0.2%2026-Q1
Qube Research & Technologies Ltd added103,455$10M0.2%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP added100,008$10M0.2%2026-Q1
CAPSTONE INVESTMENT ADVISORS, LLC added99,643$10M0.2%2026-Q1
WELLS FARGO & COMPANY/MN trimmed98,870$10M0.2%2026-Q1
Legal & General Group Plc trimmed95,760$9M0.1%2026-Q1
De Lisle Partners LLP added91,321$9M0.1%2026-Q1
FIRST TRUST ADVISORS LP added86,452$8M0.1%2026-Q1
BESSEMER GROUP INC added84,917$8M0.1%2026-Q1
Alberta Investment Management Corp new80,181$8M0.1%2026-Q1
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC trimmed79,237$8M0.1%2026-Q1
Retirement Systems of Alabama added78,932$8M0.1%2026-Q1
AQR CAPITAL MANAGEMENT LLC trimmed77,878$8M0.1%2026-Q1
Creative Planning added75,106$7M0.1%2026-Q1
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed74,948$7M0.1%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added74,181$7M0.1%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ added69,179$7M0.1%2026-Q1
Old West Investment Management, LLC trimmed67,190$7M0.1%2026-Q1
VANGUARD GROUP INC trimmed5,329,743$269M4.3%2025-Q4 stale
SCHF (GPE), LLC1,844,568$90M1.4%2025-Q3 stale
Waverton Investment Management Ltd added963,912$47M0.7%2025-Q3 stale
Sourcerock Group LLC added880,215$43M0.7%2025-Q3 stale
SUMMIT WEALTH GROUP LLC / CO new1,285,176$39M0.6%2025-Q3 stale
London & Capital Asset Management Ltd new768,475$39M0.6%2025-Q4 stale
Dalal Street, LLC trimmed459,098$23M0.4%2025-Q4 stale
Bank Pictet & Cie (Europe) AG added535,942$23M0.4%2025-Q2 stale
Tensile Capital Management LP trimmed339,419$17M0.3%2025-Q4 stale
FINDELL CAPITAL MANAGEMENT LLC trimmed300,000$13M0.2%2025-Q2 stale
SEGALL BRYANT & HAMILL, LLC trimmed197,465$10M0.2%2025-Q4 stale
Empyrean Capital Partners, LP added191,700$9M0.1%2025-Q3 stale
Lloyd Harbor Capital Management, LLC trimmed180,000$9M0.1%2025-Q4 stale
Brandywine Global Investment Management, LLC trimmed174,724$9M0.1%2025-Q4 stale
Contrarius Group Holdings Ltd trimmed168,899$9M0.1%2025-Q4 stale
Yaupon Capital Management LP new173,251$8M0.1%2025-Q3 stale
Clearbridge Investments, LLC trimmed167,101$8M0.1%2025-Q4 stale
River Road Asset Management, LLC added143,407$7M0.1%2025-Q2 stale
Turas Capital Management LP new136,300$7M0.1%2025-Q4 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.

HoldersTotal shares

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.

Learn how to read institutional ownership