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Illinois Tool Works

1,624 hedge funds and large institutions have $59.8B invested in Illinois Tool Works in 2023 Q1 according to their latest regulatory filings, with 131 funds opening new positions, 526 increasing their positions, 631 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

98% more first-time investments, than exits

New positions opened: 131 | Existing positions closed: 66

58% more call options, than puts

Call options by funds: $110M | Put options by funds: $69.7M

42% more funds holding in top 10

Funds holding in top 10: 1927 (+8)

11% more capital invested

Capital invested by funds: $54B → $59.8B (+$5.79B)

2% more funds holding

Funds holding: 1,5901,624 (+34)

0.39% more ownership

Funds ownership: 80.29%80.68% (+0.39%)

17% less repeat investments, than reductions

Existing positions increased: 526 | Existing positions reduced: 631

Holders
1,624
Holders Change
+34
Holders Change %
+2.14%
% of All Funds
25.88%
Holding in Top 10
27
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+42.11%
% of All Funds
0.43%
New
131
Increased
526
Reduced
631
Closed
66
Calls
$110M
Puts
$69.7M
Net Calls
+$40.6M
Net Calls Change
+$102M
Name Holding Trade Value Shares
Change
Change in
Stake
National Pension Service
51
National Pension Service
South Korea
$116M -$1.3M -5,551 -1%
Bank of Montreal
52
Bank of Montreal
Ontario, Canada
$116M -$62M -265,593 -36%
ClearBridge Investments
53
ClearBridge Investments
New York
$114M -$5.29M -22,689 -5%
Baird Financial Group
54
Baird Financial Group
Wisconsin
$113M +$5.59M +23,970 +5%
William Blair & Company
55
William Blair & Company
Illinois
$111M -$1.02M -4,382 -0.9%
HSBC Holdings
56
HSBC Holdings
United Kingdom
$98.7M -$1M -4,305 -1%
Empower Advisory Group
57
Empower Advisory Group
Colorado
$98.5M +$94.1M +403,072 New
Capital World Investors
58
Capital World Investors
California
$97.1M
First Trust Advisors
59
First Trust Advisors
Illinois
$95.6M +$348K +1,491 +0.4%
FAM
60
Fenimore Asset Management
New York
$95.4M +$426K +1,825 +0.5%
Los Angeles Capital Management
61
Los Angeles Capital Management
California
$94.5M +$3.08M +13,199 +4%
Marshall Wace
62
Marshall Wace
United Kingdom
$89.6M +$63.8M +273,572 +290%
AllianceBernstein
63
AllianceBernstein
Tennessee
$87.4M -$5.73M -24,576 -6%
DekaBank Deutsche Girozentrale
64
DekaBank Deutsche Girozentrale
Germany
$87.3M -$6.75M -28,943 -7%
SBH
65
Segall Bryant & Hamill
Illinois
$86.7M +$1.53M +6,561 +2%
Principal Financial Group
66
Principal Financial Group
Iowa
$86.6M -$45K -193 -0.1%
Ameriprise
67
Ameriprise
Minnesota
$86M +$222K +950 +0.3%
US Bancorp
68
US Bancorp
Minnesota
$83M -$578K -2,477 -0.7%
BNP Paribas Asset Management
69
BNP Paribas Asset Management
France
$82.9M -$8.93M -38,261 -10%
LPL Financial
70
LPL Financial
California
$82.9M +$5.98M +25,645 +8%
Fifth Third Bancorp
71
Fifth Third Bancorp
Ohio
$82.3M -$420K -1,801 -0.5%
State Board of Administration of Florida Retirement System
72
State Board of Administration of Florida Retirement System
Florida
$82.3M -$2.17M -9,280 -3%
AQR Capital Management
73
AQR Capital Management
Connecticut
$80.2M -$10.6M -45,620 -12%
MG
74
Markel Group
Virginia
$79.7M
Janus Henderson Group
75
Janus Henderson Group
United Kingdom
$78.6M +$64.9M +277,971 +619%

ITW Hedge Fund Activity: Q1 2023 in Review

1,624 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Illinois Tool Works (ITW) for Q1 2023, worth a combined $59.8B — up 11% from $54B a quarter earlier.

Buyers outnumbered sellers: 131 funds opened new ITW positions and 66 closed out — a net gain of 65 holders — while 526 added to existing stakes and 631 trimmed.

The largest buyer was BlackRock, adding an estimated $233M. The largest seller was JP Morgan Chase, cutting an estimated $158M.

  • 1,624 institutional investors held Illinois Tool Works (ITW) as of Q1 2023, up from 1,590 in Q4 2022.
  • Funds reported $59.8B of Illinois Tool Works stock for Q1 2023, up 11% quarter-over-quarter.
  • 131 funds opened new Illinois Tool Works positions in Q1 2023 and 66 closed out, a net change of +65 holders.
  • The largest Illinois Tool Works buyer in Q1 2023 was BlackRock, an estimated $233M added.
  • The largest Illinois Tool Works seller in Q1 2023 was JP Morgan Chase, an estimated $158M sold.

Based on aggregated 13F filings for Q1 2023.