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Illinois Tool Works
ITW

1,790 hedge funds and large institutions have $65B invested in Illinois Tool Works in 2024 Q1 according to their latest regulatory filings, with 150 funds opening new positions, 620 increasing their positions, 638 reducing their positions, and 90 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 150 | Existing positions closed: 90

40% more call options, than puts

Call options by funds: $175M | Put options by funds: $125M

2% more funds holding

Funds holding: 1,750 → 1,790 (+40)

0% more capital invested

Capital invested by funds: $64.8B → $65B (+$182M)

3% less repeat investments, than reductions

Existing positions increased: 620 | Existing positions reduced: 638

1.12% less ownership

Funds ownership: 82.23% → 81.12% (-1.1%)

12% less funds holding in top 10

Funds holding in top 10: 25 → 22 (-3)

Holders
1,790
Holders Change
+40
Holders Change %
+2.29%
% of All Funds
25.79%
Holding in Top 10
22
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-12%
% of All Funds
0.32%
New
150
Increased
620
Reduced
638
Closed
90
Calls
$175M
Puts
$125M
Net Calls
+$50.1M
Net Calls Change
+$17M

Top Buyers

Rank Fund Capital Flow
1
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$232M
2
Northern Trust
Northern Trust
Illinois
+$224M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$192M
4
Millennium Management
Millennium Management
New York
+$155M
5
Aristotle Capital Management
Aristotle Capital Management
California
+$126M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.14B
2
Charles Schwab
Charles Schwab
California
-$1.13B
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$329M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$232M
5
BlackRock
BlackRock
New York
-$112M
Name Holding Trade Value Shares
Change 		Change in
Stake
GJWM
1576
Gilliland Jeter Wealth Management
Arkansas
$166K +$160K +618 New
ETC
1577
Exchange Traded Concepts
Oklahoma
$163K +$97.9K +377 +163%
PCMC
1578
Planning Capital Management Corporation
Pennsylvania
$163K +$17.9K +69 +13%
LS
1579
Livforsakringsbolaget Skandia
Sweden
$161K – – –
GGI
1580
Godsey & Gibb Inc
Virginia
$161K – – –
MME
1581
Meag Munich Ergo
Germany
$159K +$154K +593 New
NFSG
1582
Newbridge Financial Services Group
Florida
$159K +$24.1K +93 +19%
HGERS
1583
Householder Group Estate & Retirement Specialist
Arizona
$158K – – –
CF
1584
Centaurus Financial
California
$152K +$147K +568 New
CWM
1585
Cranbrook Wealth Management
Michigan
$149K – – –
JFA
1586
JNBA Financial Advisors
Minnesota
$143K +$105K +405 +316%
AF
1587
Arrow Financial
New York
$142K – – –
BG
1588
Bollard Group
Massachusetts
$139K +$779 +3 +0.6%
PC
1589
Promethos Capital
Massachusetts
$134K – – –
DI
1590
DAGCO Inc
Ohio
$134K +$44.1K +170 +52%
CG
1591
Cutler Group
California
$133K -$38.4K -148 -23%
FFA
1592
First Foundation Advisors
California
$133K +$80.2K +309 +167%
NBT
1593
Northwest Bank & Trust
Iowa
$131K -$377K -1,450 -73%
CA
1594
Crewe Advisors
Utah
$129K +$124K +479 New
PGAM
1595
Princeton Global Asset Management
New Jersey
$127K – – –
BSB
1596
Bangor Savings Bank
Maine
$127K -$53.2K -205 -30%
PFA
1597
Pathway Financial Advisers
Indiana
$127K – – –
NS
1598
NBC Securities
Alabama
$123K -$2.6K -10 -2%
ACA
1599
American Capital Advisory
Idaho
$120K +$2.86K +11 +2%
CP
1600
Castleview Partners
Texas
$114K +$31.7K +122 +40%
62 63
64
65 66

ITW Hedge Fund Activity: Q1 2024 in Review

1,790 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Illinois Tool Works (ITW) for Q1 2024, worth a combined $65B — up 0.28% from $64.8B a quarter earlier.

Buyers outnumbered sellers: 150 funds opened new ITW positions and 90 closed out — a net gain of 60 holders — while 620 added to existing stakes and 638 trimmed.

The largest buyer was Qube Research & Technologies (QRT), adding an estimated $232M. The largest seller was Morgan Stanley, cutting an estimated $1.14B.

  • 1,790 institutional investors held Illinois Tool Works (ITW) as of Q1 2024, up from 1,750 in Q4 2023.
  • Funds reported $65B of Illinois Tool Works stock for Q1 2024, up 0.28% quarter-over-quarter.
  • 150 funds opened new Illinois Tool Works positions in Q1 2024 and 90 closed out, a net change of +60 holders.
  • The largest Illinois Tool Works buyer in Q1 2024 was Qube Research & Technologies (QRT), an estimated $232M added.
  • The largest Illinois Tool Works seller in Q1 2024 was Morgan Stanley, an estimated $1.14B sold.

Based on aggregated 13F filings for Q1 2024.