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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
CAM
1601
Costello Asset Management
Pennsylvania
$113K -$23.4K -90 -18%
MWM
1602
Mascoma Wealth Management
New Hampshire
$112K – – –
SC
1603
Steph & Co
Wisconsin
$107K – – –
BC
1604
Barrett & Company
Rhode Island
$106K – – –
CIAS
1605
CBIZ Investment Advisory Services
Ohio
$103K +$99.2K +382 New
GAA
1606
Global Assets Advisory
Florida
$102K +$7.02M +27,053 New
CT
1607
Colonial Trust
South Carolina
$102K – – –
FCAS
1608
First Command Advisory Services
Texas
$101K +$1.04K +4 +1%
C
1609
Covestor
United Kingdom
$101K +$14.8K +57 +18%
VCM
1610
Versant Capital Management
Arizona
$101K +$8.31K +32 +9%
TH
1611
TCTC Holdings
Texas
$97.9K – – –
BCFD
1612
Boit C.F. David
$96.9K – – –
MSWM
1613
Mowery & Schoenfeld Wealth Management
Illinois
$95.5K +$77.4K +298 +514%
DWS
1614
Dynamic Wealth Strategies
California
$92K +$3.63K +14 +4%
CB
1615
Centennial Bank
Arkansas
$88.5K – – –
GI
1616
Gradient Investments
Minnesota
$82.9K +$3.38K +13 +4%
DIP
1617
DT Investment Partners
Pennsylvania
$82.6K – – –
TIM
1618
Tortoise Investment Management
New York
$82.1K – – –
CAM
1619
Creekmur Asset Management
Illinois
$82K -$5.97K -23 -7%
DAM
1620
Delta Asset Management
Tennessee
$80.5K – – –
OA
1621
Operose Advisors
Wisconsin
$80.5K – – –
ZB
1622
Zions Bancorporation
Utah
$78.1K -$454K -1,747 -86%
TFIPS
1623
Towarzystwo Funduszy Inwestycyjnych PZU SA
$77.8K – – –
CTA
1624
Colonial Trust Advisors
South Carolina
$77K +$29.3K +113 +65%
FP
1625
Financial Perspectives
Minnesota
$72K – – –
63 64
65
66 67

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.