DFIN
Donnelley Financial Solutions, Inc. · Technology · Software - Application
Momentum inputs (comparable managers):
holder breadth -11.1% ·
share flow -1.6% ·
net new positions -12.5%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 84 | -5 | 13.99M | $586.76M | +4 | −9 |
| Q1 2026 | 92 | +9 | 13.46M | $633.80M | +11 | −2 |
| Q4 2025 | 83 | +1 | 14.35M | $669.86M | +1 | — |
| Q3 2025 | 16 | -2 | 10.71M | $550.59M | — | −2 |
| Q2 2025 | 15 | +1 | 8.72M | $537.58M | +1 | — |
| Q1 2025 | 11 | -3 | 3.17M | $138.47M | — | −3 |
| Q4 2024 | 14 | -1 | 3.24M | $202.99M | — | −1 |
| Q3 2024 | 14 | 0 | 1.85M | $121.79M | — | — |
| Q2 2024 | 14 | — | 2.09M | $124.75M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 2 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 3 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 4 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 5 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 6 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 7 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 8 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 9 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 10 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 11 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 12 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 13 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 14 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 15 | BlackRock ✦ (passive) | 4.01M | +3.1% | $206.10M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 16 | The Vanguard Group ✦ (passive) | 1.87M | +2.7% | $96.03M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 17 | The Vanguard Group ✦ (passive) | 1.87M | +2.7% | $96.03M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 18 | The Vanguard Group ✦ (passive) | 1.87M | +2.7% | $96.03M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 19 | The Vanguard Group ✦ (passive) | 1.87M | +2.7% | $96.03M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 20 | The Vanguard Group ✦ (passive) | 1.87M | +2.7% | $96.03M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 21 | Morgan Stanley ✦ | 1.30M | — | $66.95M | 0.0% | n/c | 1 | SEC ↗ |
| 22 | Morgan Stanley ✦ | 1.30M | — | $66.95M | 0.0% | n/c | 1 | SEC ↗ |
| 23 | Morgan Stanley ✦ | 1.30M | — | $66.95M | 0.0% | n/c | 1 | SEC ↗ |
| 24 | Morgan Stanley ✦ | 1.30M | — | $66.95M | 0.0% | n/c | 1 | SEC ↗ |
| 25 | Morgan Stanley ✦ | 1.30M | — | $66.95M | 0.0% | n/c | 1 | SEC ↗ |
| 26 | Morgan Stanley ✦ | 1.30M | — | $66.95M | 0.0% | n/c | 1 | SEC ↗ |
| 27 | Morgan Stanley ✦ | 1.30M | — | $66.95M | 0.0% | n/c | 1 | SEC ↗ |
| 28 | Morgan Stanley ✦ | 1.30M | — | $66.95M | 0.0% | n/c | 1 | SEC ↗ |
| 29 | State Street Global Advisors ✦ (passive) | 1.22M | +6.1% | $62.60M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 30 | JPMorgan Chase ✦ | 716.60K | — | $36.85M | 0.0% | n/c | 1 | SEC ↗ |
| 31 | JPMorgan Chase ✦ | 716.60K | — | $36.85M | 0.0% | n/c | 1 | SEC ↗ |
| 32 | JPMorgan Chase ✦ | 716.60K | — | $36.85M | 0.0% | n/c | 1 | SEC ↗ |
| 33 | JPMorgan Chase ✦ | 716.60K | — | $36.85M | 0.0% | n/c | 1 | SEC ↗ |
| 34 | JPMorgan Chase ✦ | 716.60K | — | $36.85M | 0.0% | n/c | 1 | SEC ↗ |
| 35 | JPMorgan Chase ✦ | 716.60K | — | $36.85M | 0.0% | n/c | 1 | SEC ↗ |
| 36 | JPMorgan Chase ✦ | 716.60K | — | $36.85M | 0.0% | n/c | 1 | SEC ↗ |
| 37 | JPMorgan Chase ✦ | 716.60K | — | $36.85M | 0.0% | n/c | 1 | SEC ↗ |
| 38 | JPMorgan Chase ✦ | 716.60K | — | $36.85M | 0.0% | n/c | 1 | SEC ↗ |
| 39 | JPMorgan Chase ✦ | 716.60K | — | $36.85M | 0.0% | n/c | 1 | SEC ↗ |
| 40 | Geode Capital Management ✦ (passive) | 630.41K | +3.5% | $32.43M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 41 | Geode Capital Management ✦ (passive) | 630.41K | +3.5% | $32.43M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 42 | T. Rowe Price ✦ | 393.68K | -34.5% | $20.25M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 43 | T. Rowe Price ✦ | 393.68K | -34.5% | $20.25M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 44 | Two Sigma Investments ✦ | 153.85K | +235.0% | $7.91M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 45 | Goldman Sachs Group ✦ | 137.48K | — | $7.07M | 0.0% | n/c | 1 | SEC ↗ |
| 46 | Goldman Sachs Group ✦ | 137.48K | — | $7.07M | 0.0% | n/c | 1 | SEC ↗ |
| 47 | D. E. Shaw & Co. ✦ | 112.44K | -13.3% | $5.78M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 48 | D. E. Shaw & Co. ✦ | 112.44K | -13.3% | $5.78M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 49 | Fisher Asset Management ✦ | 66.50K | -2.5% | $3.42M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 50 | Citadel Advisors ✦ | 36.32K | -57.0% | $1.87M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 51 | AQR Capital Management ✦ | 23.75K | +13.5% | $1.22M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 52 | AQR Capital Management ✦ | 23.75K | +13.5% | $1.22M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 53 | AQR Capital Management ✦ | 23.75K | +13.5% | $1.22M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 54 | AQR Capital Management ✦ | 23.75K | +13.5% | $1.22M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 55 | AQR Capital Management ✦ | 23.75K | +13.5% | $1.22M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 56 | Gotham Asset Management ✦ | 18.26K | +1.3% | $938,906 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 57 | Fidelity (FMR) ✦ | 14.81K | +123.6% | $761,864 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 58 | Fidelity (FMR) ✦ | 14.81K | +123.6% | $761,864 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 59 | Millennium Management ✦ | 7.74K | -96.0% | $397,914 | 0.0% | ▼ Trim | 6 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Arrowstreet Capital | $4.75M | was 0.0% |
| GAMCO Investors | $944,478 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 242 holders, 23.96M shares, $1.03B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Officer, Director · 9.79K sh · $489,350
Officer, Director · 213 sh · $10,650
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology