| 4 |
| VANGUARD PORTFOLIO MANAGEMENT LLC |
| 2.0M |
| $233.6M |
| +2.8% |
| 3.479% |
| 0.01% |
| 5 | KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 1.5M | $181.2M | -8.7% | 2.699% | 0.56% |
| 6 | Conestoga Capital Advisors, LLC | 1.4M | $161.4M | -17.8% | 2.405% | 3.51% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 1.3M | $152.1M | +5.9% | 2.266% | 0.01% |
| 8 | GENEVA CAPITAL MANAGEMENT LLC | 1.2M | $147.7M | -20.3% | 2.201% | 3.39% |
| 9 | FIRST TRUST ADVISORS LP | 1.2M | $145.1M | +18.5% | 2.161% | 0.09% |
| 10 | STATE STREET CORP | 1.2M | $139.4M | +7.3% | 2.077% | 0.00% |
| 11 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1.2M | $137.1M | -16.7% | 2.042% | 0.21% |
| 12 | GOLDMAN SACHS GROUP INC | 1.1M | $126.2M | +33.1% | 1.880% | 0.01% |
| 13 | WASATCH ADVISORS LP | 1.0M | $119.8M | +20.6% | 1.784% | 0.78% |
| 14 | Capital World Investors | 989K | $117.4M | +15.4% | 1.750% | 0.01% |
| 15 | Clearbridge Investments, LLC | 912K | $108.4M | +8.3% | 1.615% | 0.09% |
| 16 | Allspring Global Investments Holdings, LLC | 877K | $95.7M | -9.4% | 1.551% | 0.15% |
| 17 | DIMENSIONAL FUND ADVISORS LP | 718K | $85.2M | +22.1% | 1.270% | 0.02% |
| 18 | Invesco Ltd. | 682K | $81.0M | -33.3% | 1.206% | 0.01% |
| 19 | BANK OF AMERICA CORP /DE/ | 671K | $79.7M | +12.0% | 1.188% | 0.01% |
| 20 | Bank of New York Mellon Corp | 659K | $78.2M | +13.6% | 1.166% | 0.01% |
| 21 | DRIEHAUS CAPITAL MANAGEMENT LLC | 641K | $76.2M | -19.3% | 1.135% | 0.44% |
| 22 | AMERIPRISE FINANCIAL INC | 613K | $72.8M | -13.0% | 1.085% | 0.01% |
| 23 | NORGES BANK | 557K | $66.2M | — | 0.986% | 0.01% |
| 24 | AMERICAN CENTURY COMPANIES INC | 514K | $61.0M | -6.2% | 0.909% | 0.03% |
| 25 | LOOMIS SAYLES & CO L P | 506K | $60.1M | -6.7% | 0.895% | 0.08% |
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 ROAD — a direct measure of their conviction.
| 85.43% |
| +0.77 pp |
| $3.28B |
| 15% |
| Q4 2024 | 283 | +13% | 84.66% | +1.40 pp | $3.87B | +32% |
| Q3 2024 | 251 | — | 83.26% | — | $2.93B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
53 institutions opened new positions in ROAD during Q2 2026, while 38 fully exited. 220 added to existing positions and 74 trimmed.
ROAD institutional ownership rose by 2.13 percentage points quarter-over-quarter, with a net change of +21 holders.
The top 10 institutions account for 48.1% of all reported 13F value in ROAD, and the top 25 account for 72.3%.
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.