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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 7,182,524 | $704M | 11.2% | 2026-Q1 |
| OAK HILL ADVISORS LP | 4,791,979 | $470M | 7.5% | 2026-Q1 |
| Lingotto Investment Management LLP trimmed | 3,706,866 | $363M | 5.8% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 3,349,443 | $328M | 5.2% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 2,883,797 | $283M | 4.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,596,222 | $255M | 4.0% | 2026-Q1 |
| STATE STREET CORP trimmed | 2,497,508 | $245M | 3.9% | 2026-Q1 |
| MORGAN STANLEY added | 2,080,855 | $204M | 3.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,781,101 | $175M | 2.8% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,677,109 | $164M | 2.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,631,249 | $160M | 2.5% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 1,363,230 | $134M | 2.1% | 2026-Q1 |
| Goehring & Rozencwajg Associates, LLC added | 1,319,351 | $129M | 2.1% | 2026-Q1 |
| Condire Management, LP | 1,158,651 | $114M | 1.8% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP added | 1,103,370 | $108M | 1.7% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 963,645 | $94M | 1.5% | 2026-Q1 |
| NORTHERN TRUST CORP added | 801,022 | $79M | 1.2% | 2026-Q1 |
| FIL Ltd trimmed | 792,978 | $78M | 1.2% | 2026-Q1 |
| ANTIPODES PARTNERS Ltd added | 770,992 | $76M | 1.2% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 678,487 | $67M | 1.1% | 2026-Q1 |
| AQR Arbitrage LLC new | 609,711 | $60M | 1.0% | 2026-Q1 |
| WHITEBOX ADVISORS LLC added | 583,937 | $57M | 0.9% | 2026-Q1 |
| CITIGROUP INC added | 567,790 | $56M | 0.9% | 2026-Q1 |
| UBS Group AG added | 553,945 | $54M | 0.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 537,412 | $53M | 0.8% | 2026-Q1 |
| THIRD AVENUE MANAGEMENT LLC trimmed | 508,186 | $50M | 0.8% | 2026-Q1 |
| Magnetar Financial LLC added | 487,289 | $48M | 0.8% | 2026-Q1 |
| ALPINE ASSOCIATES MANAGEMENT INC. trimmed | 472,500 | $46M | 0.7% | 2026-Q1 |
| Moerus Capital Management LLC trimmed | 463,985 | $45M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 437,574 | $43M | 0.7% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 435,069 | $43M | 0.7% | 2026-Q1 |
| Invesco Ltd. trimmed | 424,572 | $42M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 409,575 | $40M | 0.6% | 2026-Q1 |
| SEI INVESTMENTS CO added | 399,805 | $39M | 0.6% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 393,543 | $39M | 0.6% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 336,221 | $33M | 0.5% | 2026-Q1 |
| NORGES BANK added | 722,172 | $28M | 0.5% | 2026-Q1 |
| Hosking Partners LLP trimmed | 283,209 | $28M | 0.4% | 2026-Q1 |
| MUFG Securities EMEA plc new | 266,400 | $26M | 0.4% | 2026-Q1 |
| EDMOND DE ROTHSCHILD HOLDING S.A. trimmed | 250,000 | $25M | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 241,050 | $24M | 0.4% | 2026-Q1 |
| TORONTO DOMINION BANK added | 235,013 | $23M | 0.4% | 2026-Q1 |
| VALUEWORKS LLC trimmed | 219,133 | $21M | 0.3% | 2026-Q1 |
| Woodline Partners LP new | 207,006 | $20M | 0.3% | 2026-Q1 |
| Packer & Co Ltd | 203,000 | $20M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 194,695 | $19M | 0.3% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 184,082 | $18M | 0.3% | 2026-Q1 |
| PEAK6 LLC added | 182,393 | $18M | 0.3% | 2026-Q1 |
| Sand Grove Capital Management LLP new | 173,830 | $17M | 0.3% | 2026-Q1 |
| CARRONADE CAPITAL MANAGEMENT, LP added | 1,006,319 | $16M | 0.3% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 162,700 | $16M | 0.3% | 2026-Q1 |
| Squarepoint Ops LLC added | 160,340 | $16M | 0.2% | 2026-Q1 |
| Verition Fund Management LLC added | 156,906 | $15M | 0.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 156,565 | $15M | 0.2% | 2026-Q1 |
| LMR Partners LLP added | 958,882 | $15M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 141,470 | $14M | 0.2% | 2026-Q1 |
| Susquehanna Portfolio Strategies, LLC | 138,867 | $14M | 0.2% | 2026-Q1 |
| Melqart Asset Management (UK) Ltd new | 133,992 | $13M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 132,017 | $13M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 126,800 | $12M | 0.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 126,616 | $12M | 0.2% | 2026-Q1 |
| Hara Capital LLC trimmed | 124,225 | $12M | 0.2% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL trimmed | 114,504 | $11M | 0.2% | 2026-Q1 |
| Stanley-Laman Group, Ltd. trimmed | 105,827 | $10M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 103,455 | $10M | 0.2% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 100,008 | $10M | 0.2% | 2026-Q1 |
| CAPSTONE INVESTMENT ADVISORS, LLC added | 99,643 | $10M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 98,870 | $10M | 0.2% | 2026-Q1 |
| Legal & General Group Plc trimmed | 95,760 | $9M | 0.1% | 2026-Q1 |
| De Lisle Partners LLP added | 91,321 | $9M | 0.1% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 86,452 | $8M | 0.1% | 2026-Q1 |
| BESSEMER GROUP INC added | 84,917 | $8M | 0.1% | 2026-Q1 |
| Alberta Investment Management Corp new | 80,181 | $8M | 0.1% | 2026-Q1 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC trimmed | 79,237 | $8M | 0.1% | 2026-Q1 |
| Retirement Systems of Alabama added | 78,932 | $8M | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 77,878 | $8M | 0.1% | 2026-Q1 |
| Creative Planning added | 75,106 | $7M | 0.1% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC trimmed | 74,948 | $7M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 74,181 | $7M | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 69,179 | $7M | 0.1% | 2026-Q1 |
| Old West Investment Management, LLC trimmed | 67,190 | $7M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 5,329,743 | $269M | 4.3% | 2025-Q4 stale |
| SCHF (GPE), LLC | 1,844,568 | $90M | 1.4% | 2025-Q3 stale |
| Waverton Investment Management Ltd added | 963,912 | $47M | 0.7% | 2025-Q3 stale |
| Sourcerock Group LLC added | 880,215 | $43M | 0.7% | 2025-Q3 stale |
| SUMMIT WEALTH GROUP LLC / CO new | 1,285,176 | $39M | 0.6% | 2025-Q3 stale |
| London & Capital Asset Management Ltd new | 768,475 | $39M | 0.6% | 2025-Q4 stale |
| Dalal Street, LLC trimmed | 459,098 | $23M | 0.4% | 2025-Q4 stale |
| Bank Pictet & Cie (Europe) AG added | 535,942 | $23M | 0.4% | 2025-Q2 stale |
| Tensile Capital Management LP trimmed | 339,419 | $17M | 0.3% | 2025-Q4 stale |
| FINDELL CAPITAL MANAGEMENT LLC trimmed | 300,000 | $13M | 0.2% | 2025-Q2 stale |
| SEGALL BRYANT & HAMILL, LLC trimmed | 197,465 | $10M | 0.2% | 2025-Q4 stale |
| Empyrean Capital Partners, LP added | 191,700 | $9M | 0.1% | 2025-Q3 stale |
| Lloyd Harbor Capital Management, LLC trimmed | 180,000 | $9M | 0.1% | 2025-Q4 stale |
| Brandywine Global Investment Management, LLC trimmed | 174,724 | $9M | 0.1% | 2025-Q4 stale |
| Contrarius Group Holdings Ltd trimmed | 168,899 | $9M | 0.1% | 2025-Q4 stale |
| Yaupon Capital Management LP new | 173,251 | $8M | 0.1% | 2025-Q3 stale |
| Clearbridge Investments, LLC trimmed | 167,101 | $8M | 0.1% | 2025-Q4 stale |
| River Road Asset Management, LLC added | 143,407 | $7M | 0.1% | 2025-Q2 stale |
| Turas Capital Management LP new | 136,300 | $7M | 0.1% | 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.
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.