MSCI
MSCI Inc. · Financial Services · Financial - Data & Stock Exchanges
Momentum inputs (comparable managers):
holder breadth -12.5% ·
share flow -2.7% ·
net new positions -19.0%
— 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 | 172 | +6 | 45.94M | $25.72B | +10 | −5 |
| Q1 2026 | 170 | +1 | 43.90M | $23.66B | +6 | −6 |
| Q4 2025 | 168 | +2 | 50.14M | $28.72B | +3 | — |
| Q3 2025 | 21 | -3 | 29.66M | $16.82B | — | −4 |
| Q2 2025 | 22 | +2 | 26.31M | $15.17B | +2 | — |
| Q1 2025 | 17 | +2 | 9.74M | $5.50B | +2 | — |
| Q4 2024 | 15 | -2 | 8.29M | $4.97B | — | −2 |
| Q3 2024 | 16 | 0 | 5.48M | $3.19B | +1 | −1 |
| Q2 2024 | 16 | — | 5.06M | $2.44B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 9.67M | +1.7% | $5.49B | 0.1% | ▲ Add | 2 | SEC ↗ ×6 |
| 2 | BlackRock ✦ (passive) | 5.87M | -0.1% | $3.33B | 0.1% | ▼ Trim | 2 | SEC ↗ ×21 |
| 3 | State Street Global Advisors ✦ (passive) | 3.32M | +1.2% | $1.88B | 0.1% | ▲ Add | 4 | SEC ↗ |
| 4 | Morgan Stanley ✦ | 2.42M | — | $1.37B | 0.1% | n/c | 1 | SEC ↗ ×22 |
| 5 | JPMorgan Chase ✦ | 2.14M | — | $1.21B | 0.0% | n/c | 1 | SEC ↗ ×28 |
| 6 | Geode Capital Management ✦ (passive) | 2.02M | +1.6% | $1.15B | 0.1% | ▲ Add | 6 | SEC ↗ ×2 |
| 7 | Baillie Gifford ✦ | 691.55K | +91.8% | $392.39M | 0.3% | ▲ Add | 2 | SEC ↗ ×4 |
| 8 | Arrowstreet Capital ✦ | 647.66K | -12.1% | $367.49M | 0.2% | ▼ Trim | 6 | SEC ↗ |
| 9 | Goldman Sachs Group ✦ | 562.42K | — | $319.12M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 10 | AQR Capital Management ✦ | 521.56K | -20.9% | $295.94M | 0.2% | ▼ Trim | 6 | SEC ↗ ×7 |
| 11 | Fidelity (FMR) ✦ | 413.24K | -33.4% | $234.48M | 0.0% | ▼ Trim | 2 | SEC ↗ ×5 |
| 12 | Millennium Management ✦ | 333.97K | -59.1% | $189.50M | 0.2% | ▼ Trim | 6 | SEC ↗ |
| 13 | Wellington Management ✦ | 300.22K | +36.5% | $170.35M | 0.0% | ▲ Add | 6 | SEC ↗ ×3 |
| 14 | T. Rowe Price ✦ | 223.11K | -14.5% | $126.60M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 15 | Two Sigma Investments ✦ | 184.04K | -57.9% | $104.43M | 0.2% | ▼ Trim | 6 | SEC ↗ |
| 16 | Markel Group ✦ | 142.85K | 0.0% | $81.05M | 0.7% | Held | 6 | SEC ↗ ×2 |
| 17 | Capital World Investors ✦ | 89.73K | +16.0% | $50.91M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 18 | Adage Capital Partners ✦ | 64.40K | +7.5% | $36.54M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 19 | Citadel Advisors ✦ | 29.12K | -74.8% | $16.53M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 20 | Gotham Asset Management ✦ | 3.78K | +49.5% | $2.14M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 21 | Fisher Asset Management ✦ | 3.29K | -5.3% | $1.87M | 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
| Norges Bank | $547.35M | was 0.1% |
| Renaissance Technologies | $81.04M | was 0.1% |
| Marshall Wace | $22.24M | was 0.0% |
| D. E. Shaw & Co. | $8.48M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1,047 holders, 64.20M shares, $32.90B 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)
Director · 1.79K sh @ 560.00 · $1.00M
Open-market sales (S)
Officer · 450 sh · $256,500
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology