BWIN · Baldwin Insurance Group, Inc. · Holdings

$31.91 +0.00 (+0.00%) Q2 2026 earnings call transcript

Russell 2000 member Rebalance outlook locked

Market Cap

$4.45B

139.50M

Volume · Oct 28 137.55K Avg daily vol (3M) 2.59M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of BWIN: 13F, 13D and 13G, insiders and funds →

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 233

Total Value: $2,377,979,899

Total Shares: 89,216,652

Showing 1–100 of 237 holdings by value · page 1 of 3

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 232 13F filers

Top Holder

16.4%

of institutional value

Top 5

39.2%

of institutional value

Top 10

53.8%

of institutional value

HHI

517

Broadly held

Who Holds BWIN

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 228 filers, like-for-like change -0.9%; actively managed books -1.5%; index-like books +0.9%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	41.6%	120	+2.6%	26	11
Exempt adviser	0.0%	1	+8.9%	1	1
Adviser	10.1%	9	-4.7%	1	0
Bank	12.3%	15	+1.5%	0	0
Insurer	0.0%	2	+169.5%	1	0
Broker-dealer	0.0%	2	-47.7%	1	0
Benefit plan	0.6%	4	-11.3%	0	0
Non-US	1.0%	9	-31.0%	0	0
Holding company	28.4%	7	+1.3%	0	1
Unknown	6.0%	59	-19.8%	5	12

Style	Share	Filers	Change	New	Exited
Index-like	27.4%	26	+0.9%	1	0
Systematic-like	4.6%	10	+247.8%	8	4
Concentrated	5.4%	44	+15.3%	7	3
Diversified active	62.6%	148	-7.5%	19	18
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	64.0%	154	0.0%	14	10
Medium turnover	20.2%	36	-12.9%	5	4
High turnover	4.9%	20	+218.2%	14	11
Unknown	10.9%	18	-10.0%	2	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	11.8%	26	-5.6%	10	6
Medium horizon	13.3%	36	+5.7%	3	5
Long horizon	71.0%	158	-5.0%	16	13
Unknown	3.9%	8	+266.6%	6	1
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	3.6%	37	-3.4%	8	3
$1B to $10B	7.2%	59	-3.4%	12	13
$10B to $100B	26.3%	72	-5.5%	11	8
$100B or more	62.9%	60	+1.7%	4	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	5.2%	65	-18.5%	10	2
Pooled investment vehicles	4.8%	15	+304.9%	12	4
Registered funds and BDCs	18.4%	16	-0.9%	1	1
Pension and profit sharing plans	0.1%	2	-15.8%	0	0
Insurance companies	0.8%	3	-25.1%	0	0
Governments and sovereign funds	0.2%	2	-29.4%	0	1
Other investment advisers	0.0%	2	-17.7%	0	0
Other	0.0%	1	new	1	0
Diversified	12.1%	14	-6.7%	2	3
Unknown	58.4%	108	-3.2%	9	14

Private funds	Share	Filers	Change	New	Exited
Hedge funds	7.4%	26	+50.2%	16	9
Private equity funds	1.1%	11	-20.6%	2	0
Venture capital funds	0.0%	1	+16.6%	0	0
Real estate funds	0.2%	4	+0.2%	1	0
Securitized asset funds	0.2%	1	-6.3%	0	0
Other private funds	15.2%	14	+4.2%	1	1
Mixed private funds	0.1%	1	0.0%	0	0
Private funds, type not stated	0.7%	1	-4.8%	0	0
No private funds	16.7%	62	-9.2%	7	2
Unknown	58.4%	107	-3.2%	8	13

Location	Share	Filers	Change	New	Exited
United States	95.6%	197	+1.5%	32	21
Outside the US	4.4%	31	-34.7%	3	4

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 2 holders with no observed 2026-03-31 13F and 2 holders with no observed 2026-06-30 13F. Compared across CIK changes: JANUS HENDERSON GROUP PLC continues as Jupiter Topco LLC.

Conviction and Crowding

228 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

1.32% of filers hold it in their top 10

Mar 31, 2026: 3

Holders above 5%

median weight 0.002%

Mar 31, 2026: 1

Crowding

—

the issuer has more than one class of common stock, so its count is the total across classes

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

the issuer has more than one class of common stock, so its count is the total across classes

Top 10 holders

53.9%

of 13F shares, Herfindahl 0.052

Active holders

-1.5%

like-for-like share change of active filers

5% stakes on record

0 13D, 4 13G (3 institutional, 0 passive, 1 exempt)

How long holders have held it value-weighted 15.4 quarters

Under 1 year 21.8% 1 to 3 years 25.7% 3 years or more 52.5% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$27.31

estimated per share

Mar 31, 2026: $27.99

Quarter-end price

$26.58

implied by 13F values

Estimated gain or loss

-2.7%

price against the estimated cost

Estimated at a loss

35.3%

of costed 13F value

Estimated cost covers 52.0% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies BWIN's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	NOVT Novanta Inc	6	0.147
2	NBHC National Bank Holdings Corp	3	0.134
3	QTWO Q2 Holdings, Inc.	3	0.134
4	DT Dynatrace, Inc.	5	0.126
5	RYAN Ryan Specialty Holdings, Inc.	4	0.123
6	IPAR Interparfums Inc	3	0.122
7	GPOR Gulfport Energy Corp	3	0.118
8	SKWD Skyward Specialty Insurance Group, Inc.	3	0.115
9	EXLS ExlService Holdings, Inc.	3	0.106
10	FBK FB Financial Corp	3	0.106

Shareholder Targets

13F filers that own its peers but not BWIN, quarter ended Jun 30, 2026

Found through its holder-overlap peers: NOVT, NBHC, QTWO, DT, RYAN, IPAR, GPOR, SKWD, EXLS, FBK, POWI, CWST, AIR, CHE, SBCF, SITE, MMSI, MDU, HQY, WMS. 1,501 filers in all.

#	Filer	In peers	Of book	Largest peers
1	WELLINGTON MANAGEMENT GROUP LLP Holding company, Diversified active	$1,541,827,405 15 held	0.270%	DT, POWI, SBCF
2	WASATCH ADVISORS LP Registered adviser, Diversified active	$1,385,731,535 5 held	9.07%	HQY, CWST, SITE
3	AMERICAN CENTURY COMPANIES INC Unknown, Diversified active	$1,196,613,667 20 held	0.530%	WMS, DT, NOVT
4	Conestoga Capital Advisors, LLC Adviser, Diversified active	$738,300,850 5 held	16.1%	CWST, NOVT, MMSI
5	NEUBERGER BERMAN GROUP LLC Holding company, Diversified active	$718,961,107 17 held	0.480%	RYAN, POWI, CWST
6	NORGES BANK Non-US, Index-like	$716,866,431 11 held	0.070%	WMS, CHE, EXLS
7	Amundi Holding company, Index-like	$694,374,672 14 held	0.170%	DT, WMS, SITE
8	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Registered adviser, Diversified active	$649,049,404 12 held	0.290%	DT, HQY, CHE
9	Allspring Global Investments Holdings, LLC Holding company, Diversified active	$560,422,644 12 held	0.850%	NOVT, CWST, CHE
10	EARNEST PARTNERS LLC Registered adviser, Diversified active	$536,926,226 4 held	1.94%	MDU, AIR, CWST

Fund Ownership of BWIN by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 10.21% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	2.21%	+0.55 pp	3,085,685	58
Index ETFs	8.00%	+0.06 pp	11,153,787	39
Active ETFs	0.34%	+0.06 pp	478,559	11
Active funds	20.67%	+0.53 pp	28,840,869	93
Unclassified	0.11%	+0.11 pp	157,103	6
All registered funds	31.34%	+1.31 pp	43,716,003	207

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 123 Exempt adviser 1 Adviser 8 Bank 15 Insurer 2 Broker-dealer 2 Benefit plan 4 Non-US 8 Holding company 7 Unknown 63

Showing 100 of 237

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

FMR LLC

$392,113,900

16.49%

14,752,216

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	9,455,673	$251,331,788	64.1%	Defined
STRATEGIC ADVISERS LLC	30	$797	0.0%	Defined
Fidelity Institutional Asset Management Trust Co	962,044	$25,571,129	6.5%	Defined
FIAM LLC	4,334,469	$115,210,186	29.4%	Defined

BlackRock, Inc.

$192,756,824

8.11%

7,251,950

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	72,629	$1,930,478	1.0%	Sole
BlackRock Investment Management (Australia) Ltd	261	$6,937	0.0%	Sole
BlackRock Asset Management Canada Ltd	22,198	$590,022	0.3%	Sole
BlackRock Investment Management, LLC	266,002	$7,070,333	3.7%	Sole
BLACKROCK ADVISORS LLC	216,040	$5,742,343	3.0%	Sole
BlackRock Fund Advisors	3,736,864	$99,325,845	51.5%	Sole
BlackRock Institutional Trust Company, N.A.	2,627,126	$69,829,009	36.2%	Sole
BlackRock Fund Managers Ltd.	15,011	$398,992	0.2%	Sole
BlackRock Investment Management (UK) Ltd.	23,777	$631,992	0.3%	Sole
BlackRock (Netherlands) B.V.	755	$20,067	0.0%	Sole
BlackRock Asset Management Ireland Ltd	190,602	$5,066,201	2.6%	Sole
BlackRock Life Ltd	349	$9,276	0.0%	Sole
BlackRock Asset Management Schweiz AG	13,215	$351,254	0.2%	Sole
Aperio Group, LLC	66,755	$1,774,347	0.9%	Sole
SpiderRock Advisors, LLC	366	$9,728	0.0%	Sole

WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC

$178,962,209

7.53%

6,732,965

VANGUARD PORTFOLIO MANAGEMENT LLC

$86,728,200

3.65%

3,262,912

VANGUARD CAPITAL MANAGEMENT LLC

$84,162,406

3.54%

3,166,381

Bank of New York Mellon Corp

$81,795,986

3.44%

3,077,351

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Investments Corporation joint	87,351	$2,321,789	2.8%	Defined
BNY Mellon Securities Corporation	39,980	$1,062,668	1.3%	Defined
The Bank of New York Mellon	169,897	$4,515,862	5.5%	Defined
BNY Mellon, NA joint	11,610	$308,593	0.4%	Defined
BNY Mellon Advisors, Inc.	459	$12,200	0.0%	Defined
Newton Investment Management North America, LLC joint	2,768,053	$73,574,848	89.9%	Defined
Held directly	1	$26	0.0%	Defined

BAMCO INC /NY/

$72,095,219

3.03%

2,712,386

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
VOYA INVESTMENTS, LLC	2,712,386	$72,095,219	100.0%	Defined

STATE STREET CORP

$70,858,930

2.98%

2,665,874

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS EUROPE LIMITED joint	2,665,874	$70,858,930	100.0%	Defined

GEODE CAPITAL MANAGEMENT, LLC

$62,182,660

2.61%

2,339,453

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	324,016	$8,612,345	13.9%	Defined
Held directly	2,015,437	$53,570,315	86.1%	Defined

MORGAN STANLEY

$60,523,535

2.55%

2,277,033

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	45	$1,196	0.0%	Defined
MORGAN STANLEY & CO. LLC	1,825,650	$48,525,777	80.2%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	353,037	$9,383,723	15.5%	Defined
MORGAN STANLEY SMITH BARNEY LLC	3,555	$94,491	0.2%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	94,746	$2,518,348	4.2%	Defined

Woodline Partners LP

$60,180,708

2.53%

2,264,135

FRONTIER CAPITAL MANAGEMENT CO LLC

$55,755,749

2.34%

2,097,658

T. Rowe Price Investment Management, Inc.

$53,452,087

2.25%

2,010,989

WESTWOOD HOLDINGS GROUP INC

$51,521,874

2.17%

1,938,370

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WESTWOOD MANAGEMENT CORP /TX joint	1,938,370	$51,521,874	100.0%	Defined

NOMURA ASSET MANAGEMENT INTERNATIONAL INC.

$50,839,858

2.14%

1,912,711

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NOMURA HOLDINGS INC joint	1,912,711	$50,839,858	100.0%	Defined

Capital International Investors

$44,938,726

1.89%

1,690,697

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	1,690,697	$44,938,726	100.0%	Defined

UBS Group AG

$43,627,056

1.83%

1,641,349

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	168,092	$4,467,885	10.2%	Defined
UBS AG	1,473,257	$39,159,171	89.8%	Defined

Annis Gardner Whiting Capital Advisors, LLC

$42,065,162

1.77%

1,582,587

DIMENSIONAL FUND ADVISORS LP

$35,781,143

1.50%

1,346,168

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	4,909	$130,481	0.4%	Defined
DFA Australia Ltd.	8,498	$225,876	0.6%	Defined
Dimensional Fund Advisors Pte. Ltd.	314	$8,346	0.0%	Defined
Dimensional Ireland Ltd	43,318	$1,151,392	3.2%	Defined
Held directly	1,289,129	$34,265,048	95.8%	Sole

Capital Research Global Investors

$34,772,035

1.46%

1,308,203

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	1,308,203	$34,772,035	100.0%	Defined

Boston Partners

$31,705,154

1.33%

1,192,820

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Boston Partners Trust Co	100,797	$2,679,184	8.5%	Defined
Held directly	1,092,023	$29,025,970	91.5%	Defined

BANK OF AMERICA CORP /DE/

$31,472,976

1.32%

1,184,085

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	707,322	$18,800,618	59.7%	Defined
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	23,962	$636,909	2.0%	Defined
BOFA SECURITIES, INC.	61,232	$1,627,546	5.2%	Defined
MANAGED ACCOUNT ADVISORS LLC joint	391,569	$10,407,903	33.1%	Defined

Point72 Asset Management, L.P.

$27,595,090

1.16%

1,038,190

Champlain Investment Partners, LLC

$22,939,550

0.96%

863,038

NORTHERN TRUST CORP

$21,536,814

0.91%

810,264

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	757,182	$20,125,896	93.4%	Defined
NORTHERN TRUST GLOBAL INVESTMENTS LTD	37,669	$1,001,241	4.6%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC joint	15,413	$409,677	1.9%	Other

Venator Management LLC

$20,555,510

0.86%

773,345

Bridgewater Advisors Inc.

$19,369,988

0.81%

728,743

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$19,228,317

0.81%

723,413

MetLife Investment Management, LLC

$18,414,544

0.77%

692,797

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
METLIFE INC	692,797	$18,414,544	100.0%	Defined

GOLDMAN SACHS GROUP INC

$17,888,472

0.75%

673,005

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	498,503	$13,250,209	74.1%	Defined
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	174,502	$4,638,263	25.9%	Defined

ROYAL BANK OF CANADA

$17,316,522

0.73%

651,487

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC CMA LTD.	2,976	$79,102	0.5%	Defined
RBC Capital Markets, LLC	68,789	$1,828,411	10.6%	Defined
RBC Global Asset Management (U.S.) Inc.	471,652	$12,536,510	72.4%	Defined
RBC Dominion Securities Inc.	10,866	$288,818	1.7%	Defined
RBC Trust Co (Delaware) Ltd	103	$2,737	0.0%	Defined
Alaska Permanent Fund Corp joint	97,100	$2,580,918	14.9%	Defined
Held directly	1	$26	0.0%	Sole

KENNEDY CAPITAL MANAGEMENT LLC

$16,270,548

0.68%

612,135

Fiera Capital Corp

$15,851,620

0.67%

596,374

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fiera Capital Inc.	582,838	$15,491,834	97.7%	Other
Held directly	13,536	$359,786	2.3%	Sole

VANGUARD FIDUCIARY TRUST CO

$15,455,791

0.65%

581,482

Aristotle Capital Boston, LLC

$15,108,789

0.64%

568,427

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ARISTOTLE INVESTMENT SERVICES, LLC	568,427	$15,108,789	100.0%	Sole

1776 Wealth LLC

$14,284,357

0.60%

537,410

SEI INVESTMENTS CO

$11,872,726

0.50%

446,679

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SEI INVESTMENTS MANAGEMENT CORP	243	$6,458	0.1%	Sole
SEI TRUST CO	446,436	$11,866,268	99.9%	Sole

BECK MACK & OLIVER LLC

$11,642,571

0.49%

438,020

JPMORGAN CHASE & CO

$10,902,847

0.46%

410,190

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Trust Co of Delaware	181	$4,810	0.0%	Other
JPMorgan Chase Bank, N.A.	40,781	$1,083,958	9.9%	Defined
J.P. Morgan Investment Management Inc.	27,511	$731,242	6.7%	Defined
J.P. Morgan Securities LLC	484	$12,864	0.1%	Defined
J.P. Morgan Securities plc	341,233	$9,069,973	83.2%	Defined

CIBC Bancorp USA Inc.

$10,776,222

0.45%

405,426

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CIBC National Trust Co	11	$292	0.0%	Defined
CIBC WORLD MARKETS CORP	405,415	$10,775,930	100.0%	Defined

Nuveen, LLC

$10,434,270

0.44%

392,561

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nuveen Asset Management, LLC joint	50,088	$1,331,338	12.8%	Defined
TEACHERS ADVISORS, LLC joint	342,473	$9,102,932	87.2%	Defined

NEW YORK STATE COMMON RETIREMENT FUND

$9,684,502

0.41%

364,353

Tributary Capital Management, LLC

$9,508,569

0.40%

357,734

EQUITABLE TRUST CO

$8,996,506

0.38%

282,998

Jupiter Topco LLC

$8,762,148

0.37%

329,652

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JANUS HENDERSON INVESTORS UK Ltd	190,017	$5,050,651	57.6%	Defined
JANUS HENDERSON INVESTORS US LLC	137,343	$3,650,576	41.7%	Defined
Held directly	2,292	$60,921	0.7%	Defined

Freestone Grove Partners LP

$8,709,707

0.37%

327,679

STATE OF WISCONSIN INVESTMENT BOARD

$8,641,981

0.36%

325,131

Fenimore Asset Management Inc

$8,571,442

0.36%

269,627

PEREGRINE CAPITAL MANAGEMENT LLC

$6,525,443

0.27%

245,502

MAI Capital Management

$5,885,742

0.25%

221,435

WELLS FARGO & COMPANY/MN

$5,261,137

0.22%

197,936

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO BANK N A	91,745	$2,438,582	46.4%	Defined
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	24,160	$642,172	12.2%	Defined
WELLS FARGO CLEARING SERVICES, LLC	82,031	$2,180,383	41.4%	Defined

FIFTH THIRD BANCORP

$4,931,998

0.21%

185,553

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fifth Third Bank, National Association	185,553	$4,931,998	100.0%	Defined

NICHOLAS COMPANY, INC.

$4,895,504

0.21%

184,180

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

$4,886,834

0.21%

183,854

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Group AG	1,262	$33,543	0.7%	Defined
UBS Asset Management Switzerland AG	122,271	$3,249,962	66.5%	Defined
UBS Asset Management (UK) Ltd.	46,539	$1,237,005	25.3%	Defined
Held directly	13,782	$366,324	7.5%	Defined

SMITH CHAS P & ASSOCIATES PA CPAS

$4,774,317

0.20%

150,183

PALISADE CAPITAL MANAGEMENT, LP

$4,598,791

0.19%

173,017

Gillson Capital LP

$4,598,100

0.19%

172,991

Lighthouse Investment Partners, LLC

$4,569,686

0.19%

171,922

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
North Rock Capital Management, LLC	171,922	$4,569,686	100.0%	Defined

Man Group plc

$4,413,024

0.19%

166,028

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AHL Partners LLP	166,028	$4,413,024	100.0%	Defined

Swiss National Bank

$4,133,190

0.17%

155,500

Balyasny Asset Management L.P.

$4,071,311

0.17%

153,172

ENVESTNET ASSET MANAGEMENT INC

$3,840,437

0.16%

144,486

Rockefeller Capital Management L.P.

$3,437,830

0.14%

129,339

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER TRUST COMPANY, N.A.	49	$1,302	0.0%	Defined
ROCKEFELLER FINANCIAL LLC	129,290	$3,436,528	100.0%	Defined

PRICE T ROWE ASSOCIATES INC /MD/

$3,338,182

0.14%

125,590

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
T. Rowe Price International Ltd	125,590	$3,338,182	100.0%	Defined

HB Wealth Management, LLC

$3,289,819

0.14%

103,486

RHUMBLINE ADVISERS

$3,190,450

0.13%

120,032

ALLIANCEBERNSTEIN L.P.

$2,822,796

0.12%

106,200

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Equitable Holdings, Inc.	106,200	$2,822,796	100.0%	Defined

DEUTSCHE BANK AG\

$2,807,085

0.12%

105,609

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Deutsche Bank Trust Co Americas	1,905	$50,634	1.8%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC	1,842	$48,960	1.7%	Defined
DWS Investments UK Ltd	99,069	$2,633,254	93.8%	Defined
DWS International GmbH	2,793	$74,237	2.6%	Defined

Madison Asset Management, LLC

$2,750,232

0.12%

103,470

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

$2,669,819

0.11%

83,983

Pathway Financial Advisors LLC

$2,428,565

0.10%

76,394

PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO

$2,372,211

0.10%

89,248

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM

$2,360,463

0.10%

88,806

Universal- Beteiligungs- und Servicegesellschaft mbH

$2,157,312

0.09%

81,163

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Universal-Investment-Gesellschaft mbH	81,163	$2,157,312	100.0%	Defined

BROWN BROTHERS HARRIMAN & CO

$2,144,075

0.09%

80,665

Invesco Ltd.

$2,142,106

0.09%

80,591

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Advisers, Inc. joint	15,145	$402,552	18.8%	Defined
Invesco Trust Co joint	39,073	$1,038,560	48.5%	Defined
Invesco Capital Management LLC	26,373	$700,994	32.7%	Defined

Laird Norton Wetherby Trust Company, LLC

$1,993,446

0.08%

74,998

CITADEL ADVISORS LLC

$1,966,706

0.08%

73,992

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	19,103	$507,757	25.8%	Defined
Held directly	54,889	$1,458,949	74.2%	Defined

CONFLUENCE INVESTMENT MANAGEMENT LLC

$1,863,878

0.08%

58,631

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Brown Miller Wealth Management LLC	1,296	$41,199	2.2%	Defined
Held directly	57,335	$1,822,679	97.8%	Sole

ABC ARBITRAGE SA

$1,860,160

0.08%

58,514

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ABC ARBITRAGE ASSET MANAGEMENT joint	58,514	$1,860,160	100.0%	Other

Transmarket Holdings LP

$1,782,942

0.07%

56,085

Summit Creek Advisors LLC

$1,767,224

0.07%

66,487

Legal & General Group Plc

$1,708,268

0.07%

64,269

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Legal & General Investment Management America Inc	9,522	$253,094	14.8%	Defined
Legal & General Investment Management Ltd joint	54,747	$1,455,174	85.2%	Defined

AQR CAPITAL MANAGEMENT LLC

$1,688,306

0.07%

63,518

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RF&L WEALTH MANAGEMENT, LLC	11	$292	0.0%	Other
Compound Planning, Inc.	10	$265	0.0%	Other
Arax Advisory Partners	595	$15,815	0.9%	Other
HALBERT HARGROVE GLOBAL ADVISORS, LLC	644	$17,117	1.0%	Other
Stokes Family Office, LLC	11	$292	0.0%	Other
Held directly	62,247	$1,654,525	98.0%	Defined

FIRST TRUST ADVISORS LP

$1,672,652

0.07%

62,929

NOMURA HOLDINGS INC

$1,619,253

0.07%

60,920

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NOMURA GLOBAL FINANCIAL PRODUCTS INC	60,920	$1,619,253	100.0%	Defined

VANGUARD ASSET MANAGEMENT, Ltd

$1,488,533

0.06%

56,002

CITIGROUP INC

$1,449,300

0.06%

54,526

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	54,526	$1,449,300	100.0%	Defined

CSM Advisors, LLC

$1,365,893

0.06%

51,388

HighTower Advisors, LLC

$1,358,291

0.06%

51,102

MANUFACTURERS LIFE INSURANCE COMPANY, THE

$1,330,222

0.06%

50,046

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MANULIFE FINANCIAL CORP joint	50,046	$1,330,222	100.0%	Defined

Caption Management, LLC

$1,329,000

0.06%

50,000

CAPTRUST FINANCIAL ADVISORS

$1,318,846

0.06%

49,618

Russell Investments Group, Ltd.

$1,276,875

0.05%

48,039

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management, LLC	26,622	$707,612	55.4%	Defined
Russell Investments Capital, LLC	2,047	$54,409	4.3%	Defined
Russell Investments Trust Company joint	19,370	$514,854	40.3%	Other

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

$1,200,645

0.05%

45,171

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Global X Management CO LLC joint	45,171	$1,200,645	100.0%	Defined

RAYMOND JAMES FINANCIAL INC

$1,184,803

0.05%

44,575

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	9,019	$239,725	20.2%	Defined
Raymond James Financial Services Advisors, Inc.	35,556	$945,078	79.8%	Defined

Quantinno Capital Management LP

$1,126,779

0.05%

42,392

Creative Planning

$1,076,436

0.05%

40,498

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CREATIVE PLANNING TRUST Co LLC	3,122	$82,982	7.7%	Defined
Held directly	37,376	$993,454	92.3%	Sole

ASSETMARK, INC

$1,049,928

0.04%

33,027

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$1,044,407

0.04%

39,293

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	39,293	$1,044,407	100.0%	Other

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Key facts CIK 1781755 CUSIP 05589G102 13F (30d) 39 filings 38 filers Visit website Investor relations