Who owns VLN
Which tracked institutional funds hold VLN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See VLN 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
The tracked-fund tape on VLN is one-sided between 2026-Q1 and 2026-Q2: 17 added or opened and 2 trimmed or exited — on balance accumulating.
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
VLN’s largest tracked holder by dollar value, St. Louis Trust Co, sizes it at 5.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in VLN 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 57 tracked filers holding VLN, 37 increased or opened the position and 22 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 VLN 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 3
- STATE STREET CORP$5M
- PEAK6 LLC$1M
- Mitsubishi UFJ Asset Management Co., Ltd.$1M
Full exits 2
- Clal Insurance Enterprises Holdings Ltd$2M
- MEITAV INVESTMENT HOUSE LTD$1M
Largest adds
- St. Louis Trust Co$51M
- Value Base Ltd.$24M
- MARSHALL WACE, LLP$3M
- AMERIPRISE FINANCIAL INC$2M
- ARK Investment Management LLC$2M
- TWO SIGMA INVESTMENTS, LP$2M
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 |
|---|---|---|---|---|
| St. Louis Trust Co | 58,774 | $51M | 34.0% | 2026-Q2 |
| Value Base Ltd. added | 21,491,922 | $49M | 32.6% | 2026-Q2 |
| MARSHALL WACE, LLP added | 2,401,143 | $5M | 3.6% | 2026-Q2 |
| STATE STREET CORP new | 2,213,690 | $5M | 3.4% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 1,682,042 | $4M | 2.5% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 1,468,229 | $3M | 2.2% | 2026-Q2 |
| ARK Investment Management LLC added | 1,412,570 | $3M | 2.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 971,883 | $2M | 1.5% | 2026-Q2 |
| HERALD INVESTMENT MANAGEMENT Ltd | 950,000 | $2M | 1.4% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 697,804 | $2M | 1.1% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 602,786 | $1M | 0.9% | 2026-Q2 |
| PEAK6 LLC new | 579,788 | $1M | 0.9% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. new | 524,116 | $1M | 0.8% | 2026-Q2 |
| Phoenix Financial Ltd. | 336,785 | $761K | 0.5% | 2026-Q2 |
| Man Group plc added | 262,400 | $593K | 0.4% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 193,439 | $437K | 0.3% | 2026-Q2 |
| Migdal Insurance & Financial Holdings Ltd. | 179,616 | $406K | 0.3% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 178,353 | $403K | 0.3% | 2026-Q2 |
| UBS Group AG added | 175,614 | $397K | 0.3% | 2026-Q2 |
| MORGAN STANLEY trimmed | 131,480 | $297K | 0.2% | 2026-Q2 |
| XTX Topco Ltd added | 99,644 | $225K | 0.2% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 98,537 | $223K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 95,007 | $215K | 0.1% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 94,086 | $213K | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd added | 83,588 | $189K | 0.1% | 2026-Q2 |
| Centiva Capital, LP added | 80,646 | $182K | 0.1% | 2026-Q2 |
| SIMPLEX TRADING, LLC added | 70,054 | $158K | 0.1% | 2026-Q2 |
| IMC-Chicago, LLC trimmed | 54,508 | $123K | 0.1% | 2026-Q2 |
| Oasis Management Co Ltd. new | 50,000 | $113K | 0.1% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 45,638 | $103K | 0.1% | 2026-Q2 |
| FIRST MANHATTAN CO. LLC. | 43,458 | $98K | 0.1% | 2026-Q2 |
| AXQ CAPITAL, LP new | 37,973 | $86K | 0.1% | 2026-Q2 |
| Vontobel Holding Ltd. | 33,301 | $75K | 0.1% | 2026-Q2 |
| Caption Management, LLC new | 23,002 | $52K | 0.0% | 2026-Q2 |
| T3 Companies, LLC new | 22,500 | $51K | 0.0% | 2026-Q2 |
| SIG BROKERAGE, LP new | 19,954 | $45K | 0.0% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. new | 19,808 | $45K | 0.0% | 2026-Q2 |
| Cerity Partners LLC new | 17,500 | $40K | 0.0% | 2026-Q2 |
| Founders Capital Management | 14,000 | $32K | 0.0% | 2026-Q2 |
| Engineers Gate Manager LP trimmed | 13,396 | $30K | 0.0% | 2026-Q2 |
| LMR Partners LLP new | 1,021,724 | $29K | 0.0% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 10,375 | $23K | 0.0% | 2026-Q2 |
| Aquamarine Financial (Cayman) Ltd new | 559,653 | $16K | 0.0% | 2026-Q2 |
| D. E. Shaw & Co., Inc. new | 447,342 | $13K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 5,465 | $12K | 0.0% | 2026-Q2 |
| Davidson Kempner Capital Management LP new | 350,000 | $10K | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. added | 3,766 | $9K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 3,134 | $7K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA new | 2,805 | $6K | 0.0% | 2026-Q2 |
| MMCAP International Inc. SPC new | 214,067 | $6K | 0.0% | 2026-Q2 |
| Lodestone Wealth Management LLC new | 2,500 | $6K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,533 | $3K | 0.0% | 2026-Q2 |
| Quarry LP new | 1,237 | $3K | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd added | 1,016 | $2K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP new | 455 | $901 | 0.0% | 2026-Q2 |
| Beaird Harris Wealth Management, LLC new | 315 | $712 | 0.0% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC added | 2,732 | $76 | 0.0% | 2026-Q2 |
| Clal Insurance Enterprises Holdings Ltd | 1,984,537 | $2M | 1.5% | 2026-Q1 stale (1 quarter behind) |
| MEITAV INVESTMENT HOUSE LTD | 1,074,243 | $1M | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Penn Capital Management Company, LLC new | 270,802 | $306K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| ENVESTNET ASSET MANAGEMENT INC added | 133,760 | $151K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| &PARTNERS trimmed | 133,760 | $151K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| OPPENHEIMER & CO INC trimmed | 76,982 | $87K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| EFG International AG new | 40,000 | $45K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| TWO SIGMA SECURITIES, LLC added | 30,643 | $35K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Colter Lewis Investment Partners LLC | 12,593 | $14K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| GOLDMAN SACHS GROUP INC trimmed | 11,205 | $13K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| StoneX Group Inc. new | 10,892 | $12K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| BlackRock, Inc. | 7,576 | $9K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| GROUP ONE TRADING LLC added | 5,184 | $6K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| CREDIT AGRICOLE S A new | 300,000 | $426K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 302,429 | $423K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| TWO SIGMA ADVISERS, LP added | 203,500 | $289K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| Graham Capital Management, L.P. added | 98,084 | $139K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| HRT FINANCIAL LP added | 37,392 | $53K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| GILDER GAGNON HOWE & CO LLC | 13,724 | $19K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| State of New Jersey Common Pension Fund D | 10,418 | $15K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ | 5,612 | $8K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Altshuler Shaham Ltd trimmed | 1,800 | $3K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| IGP Investments (G.P.L.P), LP added | 3,489,790 | $6M | 4.2% | 2025-Q3 stale (3 quarters behind) |
| Sphera Management Technology Funds Ltd | 335,339 | $600K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| BARCLAYS PLC | 46,180 | $102K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| GSA CAPITAL PARTNERS LLP added | 44,499 | $80K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Cubist Systematic Strategies, LLC added | 36,398 | $65K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| LPL Financial LLC | 16,709 | $30K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| WOLVERINE TRADING, LLC trimmed | 13,777 | $25K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Creative Planning trimmed | 11,864 | $21K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Caldwell Trust Co new | 500 | $895 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Magma Venture Partners General Partner Ltd. | 14 | $25 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Walleye Capital LLC trimmed | 198,269 | $521K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| Verition Fund Management LLC new | 42,269 | $111K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| IvyRock Asset Management (HK) Ltd | 40,000 | $105K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 17,134 | $45K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Chicago Capital, LLC | 10,000 | $26K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.