| 0.01% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 514K | $16.8M | +0.8% | 3.823% | 0.00% |
| 5 | First Eagle Investment Management, LLC | 324K | $10.6M | +113.9% | 2.409% | 0.01% |
| 6 | Goehring & Rozencwajg Associates, LLC | 298K | $9.8M | +11.5% | 2.217% | 0.56% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 279K | $9.1M | +7.3% | 2.075% | 0.00% |
| 8 | GATE CITY CAPITAL MANAGEMENT, LLC | 244K | $8.0M | +8.9% | 1.818% | 2.08% |
| 9 | STATE STREET CORP | 242K | $7.9M | +1.5% | 1.804% | 0.00% |
| 10 | ROYCE & ASSOCIATES LP | 224K | $7.3M | +14.5% | 1.668% | 0.06% |
| 11 | VANGUARD PORTFOLIO MANAGEMENT LLC | 209K | $6.8M | +7.4% | 1.552% | 0.00% |
| 12 | D. E. Shaw & Co., Inc. | 192K | $6.3M | -2.5% | 1.429% | 0.00% |
| 13 | CITADEL ADVISORS LLC | 187K | $6.1M | +21.7% | 1.390% | 0.00% |
| 14 | Azarias Capital Management, L.P. | 178K | $5.8M | +2.7% | 1.327% | 2.54% |
| 15 | Nuveen, LLC | 170K | $5.6M | +48.6% | 1.263% | 0.00% |
| 16 | MORGAN STANLEY | 143K | $4.7M | -38.0% | 1.061% | 0.00% |
| 17 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 134K | $4.4M | -12.0% | 1.001% | 0.00% |
| 18 | DRIEHAUS CAPITAL MANAGEMENT LLC | 130K | $4.3M | -58.6% | 0.968% | 0.02% |
| 19 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 120K | $3.9M | -5.5% | 0.893% | 0.07% |
| 20 | PANAGORA ASSET MANAGEMENT INC | 118K | $3.9M | +200.3% | 0.881% | 0.01% |
| 21 | NORTHERN TRUST CORP | 111K | $3.7M | +35.8% | 0.829% | 0.00% |
| 22 | JPMORGAN CHASE & CO | 102K | $3.4M | -55.1% | 0.757% | 0.00% |
| 23 | RENAISSANCE TECHNOLOGIES LLC | 102K | $3.4M | -33.8% | 0.762% | 0.00% |
| 24 | GOLDMAN SACHS GROUP INC | 102K | $3.3M | +25.6% | 0.758% | 0.00% |
| 25 | FRANKLIN RESOURCES INC | 81K | $2.7M | -5.8% | 0.607% | 0.00% |
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 IPI — a direct measure of their conviction.
| 55.33% |
| +1.26 pp |
| $212M |
| +37% |
| Q4 2024 | 95 | +5.6% | 54.07% | +2.92 pp | $155M | 3.4% |
| Q3 2024 | 90 | — | 51.15% | — | $160M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
24 institutions opened new positions in IPI during Q2 2026, while 35 fully exited. 28 added to existing positions and 95 trimmed.
IPI institutional ownership rose by 2.07 percentage points quarter-over-quarter, with a net change of -12 holders.
The top 10 institutions account for 55.6% of all reported 13F value in IPI, and the top 25 account for 80.8%.
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.