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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

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

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
BHM
1
Briar Hall Management
Tennessee
$7.02B +$984K +3,791 +0%
Vanguard Group
2
Vanguard Group
Pennsylvania
$6.99B -$32.7M -126,086 -0.5%
State Farm Mutual Automobile Insurance
3
State Farm Mutual Automobile Insurance
Illinois
$5.64B – – –
BlackRock
4
BlackRock
New York
$5.57B -$112M -433,024 -2%
Northern Trust
5
Northern Trust
Illinois
$3.55B +$224M +862,070 +7%
State Street
6
State Street
Massachusetts
$3.25B -$63.7M -245,427 -2%
Wells Fargo
7
Wells Fargo
California
$2.02B -$3.23M -12,420 -0.2%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$1.61B +$22.2M +85,407 +1%
Morgan Stanley
9
Morgan Stanley
New York
$1.22B -$1.14B -4,388,118 -49%
Capital Research Global Investors
10
Capital Research Global Investors
California
$1.17B +$13.4M +51,654 +1%
Massachusetts Financial Services
11
Massachusetts Financial Services
Massachusetts
$1B -$232M -894,057 -19%
Bank of America
12
Bank of America
North Carolina
$966M +$28M +107,994 +3%
Goldman Sachs
13
Goldman Sachs
New York
$907M +$24.5M +94,231 +3%
Norges Bank
14
Norges Bank
Norway
$849M +$10.4M +40,042 +1%
Fisher Asset Management
15
Fisher Asset Management
Washington
$825M +$32.1M +123,704 +4%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$686M -$63.6M -245,047 -9%
Charles Schwab
17
Charles Schwab
California
$657M -$1.13B -4,336,240 -64%
Legal & General Group
18
Legal & General Group
United Kingdom
$590M -$10M -38,699 -2%
Ameriprise
19
Ameriprise
Minnesota
$555M +$120M +460,980 +29%
UBS AM
20
UBS AM
Illinois
$467M -$6.68M -25,725 -1%
Stifel Financial
21
Stifel Financial
Missouri
$467M +$5.4M +20,797 +1%
Amundi
22
Amundi
France
$467M -$12.2M -46,951 -2%
Wellington Management Group
23
Wellington Management Group
Massachusetts
$423M -$329M -1,267,145 -45%
Invesco
24
Invesco
Georgia
$396M +$1.23M +4,755 +0.3%
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$374M +$11.3M +43,421 +3%
1
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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.