| 4 | Invesco Ltd. | 15.2M | $376.6M | +1.7% | 2.757% | 0.03% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 14.8M | $367.4M | +0.8% | 2.690% | 0.02% |
| 6 | TWO SIGMA INVESTMENTS, LP | 12.3M | $306.1M | +2.9% | 2.241% | 0.22% |
| 7 | DIMENSIONAL FUND ADVISORS LP | 9.4M | $232.7M | +36.8% | 1.703% | 0.04% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 8.2M | $202.8M | +0.2% | 1.487% | 0.01% |
| 9 | ProShare Advisors LLC | 7.6M | $189.4M | +11.8% | 1.387% | 0.27% |
| 10 | MORGAN STANLEY | 6.2M | $153.6M | -13.3% | 1.125% | 0.01% |
| 11 | NORGES BANK | 5.7M | $141.6M | — | 1.036% | 0.01% |
| 12 | GOLDMAN SACHS GROUP INC | 5.4M | $133.3M | +76.1% | 0.976% | 0.01% |
| 13 | Nuveen, LLC | 4.3M | $106.7M | +37.6% | 0.782% | 0.03% |
| 14 | MAIRS & POWER INC | 3.4M | $84.3M | -0.6% | 0.617% | 0.77% |
| 15 | NORTHERN TRUST CORP | 2.7M | $66.1M | -10.6% | 0.484% | 0.01% |
| 16 | Epoch Investment Partners, Inc. | 2.5M | $61.1M | +24.6% | 0.447% | 0.35% |
| 17 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.3M | $58.1M | +5.5% | 0.426% | 0.01% |
| 18 | FIRST TRUST ADVISORS LP | 2.3M | $57.7M | -18.3% | 0.422% | 0.03% |
| 19 | Vest Financial, LLC | 2.3M | $56.7M | +7.8% | 0.415% | 0.60% |
| 20 | UBS Group AG | 2.2M | $55.5M | -53.0% | 0.406% | 0.01% |
| 21 | BANK OF AMERICA CORP /DE/ | 2.1M | $51.8M | -13.3% | 0.379% | 0.00% |
| 22 | GATES FOUNDATION TRUST | 2.1M | $51.8M | 0.0% | 0.379% | 0.15% |
| 23 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.9M | $47.2M | +45.9% | 0.345% | 0.00% |
| 24 | NOMURA ASSET MANAGEMENT CO LTD | 1.8M | $43.7M | +6.0% | 0.320% | 0.09% |
| 25 | MILLER HOWARD INVESTMENTS INC /NY | 1.8M | $43.7M | +23.7% | 0.320% | 1.16% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in HRL — a direct measure of their conviction.
| 41.34% |
| 0.40 pp |
| $6.87B |
| 2.1% |
| Q4 2024 | 626 | +3.6% | 41.74% | +2.32 pp | $7.02B | +5.1% |
| Q3 2024 | 604 | — | 39.42% | — | $6.67B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
80 institutions opened new positions in HRL during Q2 2026, while 95 fully exited. 368 added to existing positions and 155 trimmed.
HRL institutional ownership fell by 1.48 percentage points quarter-over-quarter, with a net change of -10 holders.
The top 10 institutions account for 57.1% of all reported 13F value in HRL, and the top 25 account for 74.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.