McDonald's Corporation (MCD) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling MCD?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for McDonald's Corporation, showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on MCD?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for McDonald's Corporation.

Is institutional money flowing into MCD?

372 institutional investors hold McDonald's Corporation (MCD). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about MCD?

Track institutional sentiment and conviction scores for McDonald's Corporation (MCD) including Smart Money Verdict and position changes on HoldingsIntel.

McDonald's Corporation

MCD·580135101·US·equity·Consumer Cyclical - Restaurants-13D/G

MCD (McDonald's Corporation) is held by 372 institutional investors as of Q4 2025. Largest holders: VANGUARD GROUP INC ($22.1B), BlackRock, Inc. ($16.4B), STATE STREET CORP ($11B). Net institutional sentiment: Mixed.

372

Holders

Avg rating(29 Elite)

$141.5B

Total Value

49% (380)

Fund Consensus

184 buying - 188 selling

Smart Money VerdictView all

44Weak MomentumSplit Signals

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See how MCD's score breaks down across 4 SEC sources

Held by 372 funds

29 elite

Who's Trading

InsiderErlinger Joseph M.Sell $806KApr 10, 2026

Congress

13F: Dec 31, 2025Insider & Congress: Updated regularly

InsiderErlinger Joseph M.Sell $104KMar 23, 2026

CongressRohit KhannaBuyMar 23, 2026

InsiderBaroni DarioSell $194KMar 18, 2026

CongressRohit KhannaBuyMar 10, 2026

InsiderErlinger Joseph M.Sell $862KMar 10, 2026

CongressRohit KhannaBuyFeb 24, 2026

ActivistSTATE STREET CORPORATION5.1%Feb 9, 2026

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
VANGUARD GROUP INC	Increased	72.4M(+1.0%)	$22.1B	0.3%	+12.60%	38
BlackRock, Inc.	Increased	53.5M(+2.8%)	$16.4B	0.3%	+17.03%	39
STATE STREET CORP	Increased	36M(+2.7%)	$11B	0.4%	+17.09%	39
JPMORGAN CHASE & CO	Decreased	31.8M(-7.1%)	$9.7B	0.6%	+16.37%	0
GEODE CAPITAL MANAGEMENT, LLC	Increased	17M(+0.5%)	$5.2B	0.3%	+78.11%	38
MORGAN STANLEY	Decreased	15.3M(-1.9%)	$4.7B	0.3%	+28.61%	0
BANK OF AMERICA CORP /DE/	Decreased	12.4M(-2.7%)	$3.8B	0.3%	+16.40%	0
NORTHERN TRUST CORP	Decreased	8.3M(-1.9%)	$2.5B	0.3%	+86.84%	0
WELLS FARGO & COMPANY/MN	Decreased	7.9M(-0.9%)	$2.4B	0.4%	+32.43%	0
ROYAL BANK OF CANADA	Increased	7.3M(+4.3%)	$2.2B	0.4%	+16.83%	40
Capital Research Global Investors	Decreased	6.2M(-0.4%)	$1.9B	0.4%	+40.97%	0
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Increased	5.6M(+7.4%)	$1.7B	0.4%	+38.38%	41
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	5.5M(+0.6%)	$1.7B	0.3%	+91.31%	38
Bank of New York Mellon Corp	Increased	5.3M(+0.8%)	$1.6B	0.3%	+67.70%	38
UBS Group AG	Decreased	5M(-6.5%)	$1.5B	0.2%	+59.31%	0
GOLDMAN SACHS GROUP INC	Increased	4.8M(+15.9%)	$1.5B	0.2%	+15.08%	44
Legal & General Group Plc	Decreased	4.7M(-1.7%)	$1.4B	0.3%	+67.74%	0
WELLINGTON MANAGEMENT GROUP LLP	Decreased	4.6M(-37.8%)	$1.4B	0.2%	+34.84%	0
Amundi	Increased	4.6M(+5.9%)	$1.4B	0.4%	+23.43%	40
AMERIPRISE FINANCIAL INC	Decreased	4.3M(-1.8%)	$1.3B	0.3%	+65.10%	0
FRANKLIN RESOURCES INC	Decreased	4.2M(-3.4%)	$1.3B	0.3%	+43.79%	0
Invesco Ltd.	Decreased	3.9M(-7.6%)	$1.2B	0.2%	+44.74%	0
VIKING GLOBAL INVESTORS LP	Increased	3.6M(+7.2%)	$1.1B	2.9%	+12.70%	59
FMR LLC	Decreased	3.5M(-8.5%)	$1.1B	0.1%	+16.55%	0
Nuveen, LLC	Decreased	3.3M(-0.9%)	$1B	0.3%	+10.06%	0
BARCLAYS PLC	Increased	3.2M(+4.4%)	$985.7M	0.2%	+26.79%	40
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	Increased	3.1M(+49.9%)	$948.8M	0.6%	+9.79%	62
FAYEZ SAROFIM & CO	Decreased	2.7M(-1.0%)	$833.9M	2.0%	+83.58%	0
PNC FINANCIAL SERVICES GROUP, INC.	Decreased	2.7M(-1.2%)	$810M	0.4%	+69.38%	0
RAYMOND JAMES FINANCIAL INC	Decreased	2.4M(-2.6%)	$742.5M	0.2%	+17.00%	0
DEUTSCHE BANK AG\	Decreased	2.4M(-7.1%)	$720.3M	0.2%	+47.48%	0
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	Increased	2.2M(+1.9%)	$670.9M	0.4%	+72.35%	38
D. E. Shaw & Co., Inc.	Increased	2.1M(+433.7%)	$635.1M	0.3%	+9.16%	61
Sumitomo Mitsui Trust Group, Inc.	Decreased	2M(-4.1%)	$606M	0.4%	+93.41%	0
Swiss National Bank	Decreased	2M(-5.1%)	$597.7M	0.4%	+97.16%	0
Capital Wealth Planning, LLC	Increased	1.9M(+6.4%)	$571.5M	3.7%	+26.43%	62
DIMENSIONAL FUND ADVISORS LP	Decreased	1.8M(-0.7%)	$564.5M	0.1%	+26.85%	0
Neuberger Berman Group LLC	Decreased	1.8M(-2.8%)	$558.5M	0.4%	+66.39%	0
Mitsubishi UFJ Asset Management Co., Ltd.	Increased	1.6M(+4.0%)	$494.9M	0.3%	+33.90%	39
LPL Financial LLC	Increased	1.6M(+4.2%)	$481.1M	0.1%	+39.20%	39
National Pension Service	Increased	1.6M(+1.6%)	$476M	0.4%	+59.70%	38
Capital World Investors	Increased	1.6M(+1.6%)	$474M	0.1%	+33.48%	32
BANK OF MONTREAL /CAN/	Increased	1.5M(+19.5%)	$454.6M	0.2%	+15.71%	44
1832 Asset Management L.P.	Increased	1.5M(+0.4%)	$448.1M	0.3%	+54.52%	37
HSBC HOLDINGS PLC	Decreased	1.5M(-5.8%)	$445.7M	0.2%	+42.01%	0
BANQUE PICTET & CIE SA	Decreased	1.5M(-7.3%)	$443.7M	2.6%	+80.57%	0
TD ASSET MANAGEMENT INC	Increased	1.4M(+9.1%)	$426.3M	0.3%	+47.15%	41
HighTower Advisors, LLC	Increased	1.4M(+1.2%)	$413.6M	0.5%	+58.00%	38
ALLIANCEBERNSTEIN L.P.	Decreased	1.3M(-1.6%)	$399.2M	0.1%	+44.70%	0
Holocene Advisors, LP	Increased	1.3M(+241.4%)	$396.2M	0.8%	+8.54%	71
RHUMBLINE ADVISERS	Decreased	1.3M(-1.2%)	$387.9M	0.3%	+105.55%	0
ENVESTNET ASSET MANAGEMENT INC	Decreased	1.2M(-3.6%)	$381.2M	0.1%	+43.83%	0
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Decreased	1.1M(-1.0%)	$350.2M	0.4%	+110.44%	0
STIFEL FINANCIAL CORP	Increased	1.1M(+0.4%)	$347.8M	0.3%	+77.77%	37
CIBC Private Wealth Group LLC	Decreased	1.1M(-1.2%)	$340.6M	0.6%	+23.50%	0
Swedbank AB	Increased	1.1M(+1.0%)	$337.6M	0.3%	+34.54%	37
CANADA PENSION PLAN INVESTMENT BOARD	Decreased	1.1M(-16.6%)	$326.6M	0.2%	+19.63%	0
SCHRODER INVESTMENT MANAGEMENT GROUP	Increased	1M(+1.5%)	$319.3M	0.2%	+48.44%	37
BAHL & GAYNOR INC	Decreased	1M(-2.1%)	$311.5M	1.6%	+69.29%	0
NATIONAL BANK OF CANADA /FI/	Increased	982,291(+19.3%)	$300.2M	0.3%	+17.92%	44
BNP PARIBAS FINANCIAL MARKETS	Increased	926,020(+29.4%)	$283M	0.1%	+16.02%	46
US BANCORP \DE\	Decreased	921,978(-2.6%)	$281.8M	0.3%	+90.82%	0
Alyeska Investment Group, L.P.	Increased	897,929(+1.4%)	$274.4M	0.8%	+11.26%	44
Corient Private Wealth LLC	Increased	1.6M(+94.7%)	$263.9M	0.4%	+18.91%	59
MACKENZIE FINANCIAL CORP	Increased	850,435(+7.2%)	$261.4M	0.3%	+42.45%	40
Mariner, LLC	Increased	846,008(+3.1%)	$258.6M	0.3%	+51.67%	38
NEW YORK STATE COMMON RETIREMENT FUND	Decreased	839,883(-2.1%)	$256.7M	0.3%	+118.40%	0
PRINCIPAL FINANCIAL GROUP INC	Increased	820,276(+2.9%)	$250.7M	0.1%	+90.42%	38
Universal- Beteiligungs- und Servicegesellschaft mbH	Decreased	808,539(-3.9%)	$247.1M	0.4%	+16.44%	0
B. Metzler seel. Sohn & Co. AG	Decreased	756,664(-0.5%)	$231.6M	2.0%	+20.85%	0
ProShare Advisors LLC	Decreased	757,568(-3.8%)	$231.5M	0.4%	+67.16%	0
Rockefeller Capital Management L.P.	Increased	2.3M(+273.1%)	$222.9M	0.4%	+17.20%	59
LAZARD ASSET MANAGEMENT LLC	Decreased	728,406(-55.8%)	$222.6M	0.4%	+78.77%	0
MARSHALL WACE, LLP	Decreased	715,995(-13.5%)	$218.8M	0.2%	+10.29%	0
CITIGROUP INC	Decreased	709,634(-20.5%)	$216.9M	0.1%	+15.11%	0
TWO SIGMA INVESTMENTS, LP	Increased	646,254(+4204.3%)	$197.5M	0.3%	+7.89%	59
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	Decreased	635,090(-2.5%)	$194.1M	0.3%	+107.45%	0
VICTORY CAPITAL MANAGEMENT INC	Decreased	628,030(-1.8%)	$191.9M	0.1%	+41.11%	0
Focus Partners Wealth	Increased	604,086(+26.6%)	$184.5M	0.2%	+22.76%	45
AVIVA PLC	Increased	600,794(+5.5%)	$183.6M	0.3%	+38.22%	39
Baird Financial Group, Inc.	Increased	576,873(+3.4%)	$176.3M	0.3%	+57.71%	38
Ensign Peak Advisors, Inc	Increased	574,867(+18.3%)	$175.7M	0.3%	+33.78%	43
FIRST MANHATTAN CO. LLC.	Decreased	564,683(-2.2%)	$172.6M	0.5%	+86.35%	0
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	Decreased	558,131(-2.3%)	$170.6M	0.1%	+20.37%	0
FIFTH THIRD BANCORP	Increased	549,651(+0.0%)	$168M	0.5%	+100.35%	43
ADAGE CAPITAL PARTNERS GP, L.L.C.	Decreased	541,602(-12.1%)	$165.5M	0.3%	+31.40%	0
Korea Investment CORP	Increased	530,381(+0.5%)	$162.1M	0.3%	+51.12%	36
PRUDENTIAL FINANCIAL INC	Decreased	527,532(-7.8%)	$161.2M	0.2%	+34.81%	0
CITADEL ADVISORS LLC	Increased	518,932(+53.7%)	$158.6M	0.0%	+12.53%	43
Aberdeen Group plc	Decreased	518,874(-1.9%)	$158.6M	0.2%	+24.96%	0
UniSuper Management Pty Ltd	Increased	505,656(+0.1%)	$154.5M	0.9%	+19.52%	43
Cerity Partners LLC	Increased	504,941(+4.6%)	$154.3M	0.2%	+29.06%	38
Russell Investments Group, Ltd.	Increased	501,944(+9.6%)	$153.7M	0.2%	+31.24%	40
NORDEA INVESTMENT MANAGEMENT AB	Decreased	497,212(-8.1%)	$151.9M	0.1%	+50.89%	0
Connor, Clark & Lunn Investment Management Ltd.	Increased	491,591(+1230.8%)	$150.2M	0.4%	+8.04%	58
COMMERCE BANK	Decreased	491,495(-0.8%)	$150.2M	0.8%	+97.60%	0
AQR CAPITAL MANAGEMENT LLC	Increased	488,324(+41.5%)	$149.2M	0.1%	+19.56%	40
COMMONWEALTH EQUITY SERVICES, LLC	Decreased	477,998(-5.1%)	$146.1M	0.2%	+84.66%	0
CREDIT AGRICOLE S A	Increased	469,615(+239.7%)	$143.5M	0.3%	+10.70%	58
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Increased	457,512(+19.1%)	$139.8M	0.0%	+19.00%	36
NOMURA ASSET MANAGEMENT CO LTD	Decreased	456,488(-1.3%)	$139.5M	0.4%	+46.95%	0
PFA Pension, Forsikringsaktieselskab	New	450,051	$138.6M	0.4%	+7.84%	50
Cetera Investment Advisers	Increased	448,605(+3.2%)	$137.1M	0.1%	+21.26%	37
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Decreased	446,228(-15.8%)	$136.4M	0.1%	+40.40%	0
CIBC WORLD MARKET INC.	Decreased	437,105(-0.2%)	$133.6M	0.2%	+46.63%	0
Asset Management One Co., Ltd.	Decreased	423,918(-0.5%)	$130.8M	0.4%	+84.76%	0
Eurizon Capital SGR S.p.A.	New	425,671	$130.2M	0.4%	+7.84%	50
TRUIST FINANCIAL CORP	Decreased	419,993(-1.2%)	$128.4M	0.2%	+85.63%	0
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Decreased	419,510(-1.6%)	$127M	0.2%	+28.96%	0
TORONTO DOMINION BANK	Increased	415,478(+3.4%)	$127M	0.2%	+16.21%	37
Pictet Asset Management Holding SA	Decreased	414,805(-5.6%)	$126.8M	0.1%	+29.39%	0
TWO SIGMA ADVISERS, LP	New	411,240	$125.7M	0.2%	+7.84%	50
DAVENPORT & Co LLC	Decreased	395,928(-0.1%)	$121.2M	0.6%	+81.19%	0
Creative Planning	Increased	396,480(+4.4%)	$121.2M	0.1%	+61.45%	31
Quantinno Capital Management LP	Increased	392,287(+39.2%)	$119.9M	0.2%	+12.39%	48
FLOSSBACH VON STORCH SE	Increased	387,434(+12.4%)	$118.4M	0.5%	+22.48%	40
Mitsubishi UFJ Trust & Banking Corp	Decreased	383,595(-1.1%)	$117.2M	0.3%	+93.73%	0
Skandinaviska Enskilda Banken AB (publ)	Decreased	378,911(-0.8%)	$115.7M	0.5%	+24.72%	0
REGIONS FINANCIAL CORP	Decreased	377,837(-0.5%)	$115.5M	0.7%	+64.91%	0
BANK OF NOVA SCOTIA	Increased	376,655(+11.6%)	$115.1M	0.2%	+13.68%	40
Chevy Chase Trust Holdings, LLC	Decreased	375,159(-0.8%)	$114.7M	0.3%	+119.57%	0
KEYBANK NATIONAL ASSOCIATION/OH	Decreased	370,150(-1.7%)	$113.1M	0.4%	+104.18%	0
STATE OF WISCONSIN INVESTMENT BOARD	Decreased	369,760(-1.7%)	$113M	0.3%	+90.63%	0
Zurcher Kantonalbank (Zurich Cantonalbank)	Increased	366,571(+7.0%)	$112M	0.2%	+36.98%	39
Sumitomo Mitsui DS Asset Management Company, Ltd	Decreased	365,037(-0.2%)	$111.6M	0.9%	+48.91%	0
BROWN BROTHERS HARRIMAN & CO	Increased	355,939(+1.5%)	$108.8M	0.6%	+21.08%	43
Qube Research & Technologies Ltd	Increased	355,076(+185.2%)	$108.5M	0.1%	+10.33%	58
DANSKE BANK A/S	Decreased	353,420(-20.4%)	$108M	0.3%	+11.63%	0
OSAIC HOLDINGS, INC.	Decreased	344,368(-8.4%)	$105.4M	0.2%	+46.99%	0
BLAIR WILLIAM & CO/IL	Decreased	343,101(-0.3%)	$104.9M	0.3%	+88.52%	0
GATES FOUNDATION TRUST	Unchanged	334,900	$102.4M	0.3%	+17.37%	0
ZACKS INVESTMENT MANAGEMENT	Decreased	332,310(-0.9%)	$101.6M	0.8%	+39.81%	0
SCOTIA CAPITAL INC.	Increased	330,949(+1.2%)	$101.1M	0.4%	+39.62%	36
ROYAL LONDON ASSET MANAGEMENT LTD	Decreased	328,481(-0.0%)	$100.4M	0.2%	+76.79%	0
CIBC Asset Management Inc	Increased	322,585(+26.6%)	$98.5M	0.2%	+41.11%	44
Compagnie Lombard Odier SCmA	Increased	321,078(+22.8%)	$98.1M	1.1%	+21.31%	57
GLENMEDE TRUST CO NA	Increased	319,867(+0.1%)	$97.8M	0.5%	+126.26%	36
JANUS HENDERSON GROUP PLC	Decreased	318,919(-1.1%)	$97.5M	0.0%	+60.45%	0
APG Asset Management N.V.	Decreased	372,075(-9.3%)	$96.8M	0.3%	+19.49%	0
JOHNSON INVESTMENT COUNSEL INC	Decreased	314,827(-0.9%)	$96.2M	0.8%	+47.40%	0
BALYASNY ASSET MANAGEMENT L.P.	Increased	312,358(+342.0%)	$95.5M	0.1%	+9.43%	58
MENORA MIVTACHIM HOLDINGS LTD.	Unchanged	312,177	$95.4M	0.4%	+12.60%	0
AMF Tjanstepension AB	Increased	310,213(+25.6%)	$94.8M	0.6%	+16.43%	52
KLP KAPITALFORVALTNING AS	Increased	309,936(+4.7%)	$94.7M	0.4%	+16.36%	37
TD Waterhouse Canada Inc.	Decreased	303,009(-6.4%)	$92.6M	0.6%	+32.93%	0
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	Decreased	301,872(-27.4%)	$92.3M	0.2%	+14.88%	0
&PARTNERS	Increased	301,098(+10.5%)	$92M	0.5%	+16.08%	39
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	Increased	287,773(+0.5%)	$88M	0.3%	+110.99%	36
AE Wealth Management LLC	Decreased	285,193(-10.0%)	$87.2M	0.5%	+31.99%	0
Point72 Asset Management, L.P.	Decreased	273,155(-10.1%)	$83.5M	0.1%	+15.27%	0
Fisher Asset Management, LLC	Decreased	273,143(-0.9%)	$83.5M	0.0%	+31.38%	0
ING GROEP NV	Decreased	258,096(-10.0%)	$78.9M	0.5%	+14.91%	0
JONES FINANCIAL COMPANIES LLLP	Increased	255,933(+8.5%)	$78.2M	0.0%	+20.98%	32
Resona Asset Management Co.,Ltd.	Decreased	255,141(-3.4%)	$78.1M	0.4%	+21.48%	0
State of Tennessee, Department of Treasury	Decreased	246,443(-3.4%)	$77.6M	0.2%	+64.70%	0
Haverford Trust Co	Decreased	253,719(-0.7%)	$77.5M	0.7%	+54.10%	0
State of New Jersey Common Pension Fund D	Decreased	244,307(-2.2%)	$74.7M	0.3%	+92.58%	0
TEACHER RETIREMENT SYSTEM OF TEXAS	Increased	243,923(+8.6%)	$74.6M	0.3%	+32.34%	39
Steward Partners Investment Advisory, LLC	Increased	242,317(+5.0%)	$74.1M	0.4%	+30.00%	37
HUNTINGTON NATIONAL BANK	Decreased	240,486(-4.6%)	$73.5M	0.4%	+60.99%	0
EP Wealth Advisors, LLC	Increased	238,832(+3.9%)	$73M	0.4%	+30.25%	37
Capitolis Liquid Global Markets LLC	Decreased	232,582(-21.3%)	$71.1M	0.4%	+13.44%	0
Swiss Life Asset Management Ltd	Decreased	231,112(-10.7%)	$70.6M	0.4%	+36.40%	0
BENJAMIN EDWARDS INC	Decreased	230,757(-3.5%)	$70.6M	0.8%	+13.78%	0
Clark Capital Management Group, Inc.	Increased	227,705(+0.5%)	$69.6M	0.4%	+50.37%	35
NISA INVESTMENT ADVISORS, LLC	Decreased	227,327(-0.2%)	$69.5M	0.2%	+80.86%	0
COMERICA BANK	Decreased	226,746(-1.9%)	$69.3M	0.3%	+35.98%	0
Lansforsakringar Fondforvaltning AB (publ)	Increased	226,654(+2.2%)	$69.3M	0.3%	+16.98%	36
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	Increased	220,978(+1.6%)	$67.5M	0.4%	+53.33%	36
STRS OHIO	Decreased	206,993(-3.1%)	$63.3M	0.2%	+112.69%	0
TUDOR INVESTMENT CORP ET AL	New	206,714	$63.2M	0.1%	+7.84%	49
CAPTRUST FINANCIAL ADVISORS	Increased	206,191(+11.7%)	$63M	0.1%	+43.49%	39
FIRST TRUST ADVISORS LP	Decreased	204,456(-8.1%)	$62.5M	0.0%	+57.33%	0
Epoch Investment Partners, Inc.	Decreased	204,271(-0.7%)	$62.4M	0.4%	+56.68%	0
Walleye Capital LLC	Increased	203,445(+24.0%)	$62.2M	0.2%	+13.29%	43
Zurich Insurance Group Ltd/FI	Increased	202,880(+2344.3%)	$62M	0.4%	+7.93%	57
Arizona State Retirement System	Decreased	200,268(-4.1%)	$61.2M	0.3%	+87.51%	0
Kestra Advisory Services, LLC	Increased	195,733(+15.5%)	$59.8M	0.2%	+32.74%	41
Man Group plc	Decreased	190,737(-26.9%)	$58.3M	0.1%	+12.93%	0
Assenagon Asset Management S.A.	Decreased	190,337(-29.8%)	$58.2M	0.1%	+16.56%	0
GUGGENHEIM CAPITAL LLC	Increased	190,336(+0.8%)	$58.2M	0.4%	+67.59%	35
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND	Decreased	189,010(-4.8%)	$57.8M	0.5%	+49.62%	0
Czech National Bank	Increased	187,785(+3.6%)	$57.4M	0.4%	+34.36%	36
STATE OF MICHIGAN RETIREMENT SYSTEM	Decreased	186,415(-3.4%)	$57M	0.3%	+98.37%	0
SEI INVESTMENTS CO	Increased	185,118(+0.3%)	$56.6M	0.1%	+25.51%	29
Calamos Advisors LLC	Decreased	176,538(-2.6%)	$54M	0.2%	+82.97%	0
CAPITAL FUND MANAGEMENT S.A.	Decreased	175,296(-45.8%)	$53.6M	0.1%	+14.48%	0
Sanctuary Advisors, LLC	Increased	173,949(+2.7%)	$53.2M	0.3%	+33.79%	36
AGF MANAGEMENT LTD	Increased	173,085(+44.6%)	$52.9M	0.2%	+18.93%	47
MetLife Investment Management, LLC	Decreased	172,715(-3.5%)	$52.8M	0.3%	+78.30%	0
Allspring Global Investments Holdings, LLC	Decreased	173,096(-9.1%)	$52.5M	0.1%	+24.17%	0
MAI Capital Management	Increased	167,511(+6.9%)	$51.2M	0.3%	+51.38%	38
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	Decreased	165,651(-3.3%)	$50.6M	0.3%	+50.66%	0
Bank Julius Baer & Co. Ltd, Zurich	Increased	164,778(+1.6%)	$50.4M	0.1%	+50.46%	36
MERCER GLOBAL ADVISORS INC /ADV	Increased	163,141(+7.3%)	$50.1M	0.1%	+40.90%	31
MML INVESTORS SERVICES, LLC	Increased	161,996(+13.3%)	$49.5M	0.1%	+44.67%	40
VIRGINIA RETIREMENT SYSTEMS ET Al	Unchanged	161,200	$49.3M	0.3%	+47.81%	0
WESTWOOD HOLDINGS GROUP INC	Decreased	159,879(-25.3%)	$48.9M	0.4%	+10.50%	0
FORSTA AP-FONDEN	Decreased	158,780(-13.3%)	$48.5M	0.3%	+55.91%	0
CIBC WORLD MARKETS CORP	Decreased	158,401(-14.3%)	$48.4M	0.2%	+41.74%	0
VOYA INVESTMENT MANAGEMENT LLC	Decreased	156,773(-1.9%)	$47.9M	0.0%	+23.60%	0
Retirement Systems of Alabama	Decreased	151,500(-0.5%)	$46.3M	0.2%	+96.15%	0
JENNISON ASSOCIATES LLC	Decreased	148,145(-13.9%)	$45.3M	0.0%	+49.58%	0
NewEdge Advisors, LLC	Increased	148,028(+37.9%)	$45.2M	0.2%	+25.47%	46
DnB Asset Management AS	Decreased	146,795(-13.9%)	$44.9M	0.2%	+47.12%	0
D.A. DAVIDSON & CO.	Increased	144,024(+0.4%)	$44M	0.3%	+63.45%	35
Sequoia Financial Advisors, LLC	Increased	141,831(+8.1%)	$43.3M	0.2%	+19.18%	38
MILLENNIUM MANAGEMENT LLC	Decreased	140,178(-85.2%)	$42.8M	0.0%	+12.66%	0
Mirae Asset Global Investments Co., Ltd.	Increased	139,037(+18.2%)	$42.5M	0.1%	+27.67%	41
RWA WEALTH PARTNERS, LLC	Increased	138,541(+0.1%)	$42.3M	0.5%	+23.11%	35
BROWN ADVISORY INC	Decreased	137,730(-3.3%)	$42.1M	0.1%	+101.20%	0
GATEWAY INVESTMENT ADVISERS LLC	Decreased	135,471(-7.4%)	$41.4M	0.4%	+84.49%	0
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	Increased	134,042(+7.2%)	$41M	0.2%	+26.83%	37
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Increased	133,218(+1.4%)	$40.7M	0.1%	+25.29%	29
FACTORY MUTUAL INSURANCE CO	Decreased	131,000(-3.8%)	$40M	0.4%	+84.93%	0
Woodline Partners LP	Increased	130,951(+26.2%)	$40M	0.2%	+11.59%	43
Life Cycle Investment Partners Ltd	New	130,930	$40M	0.3%	+7.84%	48
Pinnacle Financial Partners, Inc.	New	129,674	$39.6M	0.3%	+7.84%	48
BAILLIE GIFFORD & CO	Decreased	126,880(-2.8%)	$38.8M	0.0%	+69.73%	0
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp	Increased	126,629(+23.0%)	$38.7M	0.2%	+38.35%	42
Lido Advisors, LLC	Increased	121,480(+1.1%)	$37M	0.1%	+18.98%	35
Pacer Advisors, Inc.	Decreased	119,798(-5.6%)	$36.6M	0.1%	+25.49%	0
Federation des caisses Desjardins du Quebec	Increased	118,477(+0.8%)	$36.2M	0.1%	+33.30%	35
Varma Mutual Pension Insurance Co	Increased	118,366(+2.2%)	$36.2M	0.2%	+12.31%	35
Utah Retirement Systems	Decreased	118,109(-0.0%)	$36.1M	0.3%	+99.46%	0
Jefferies Financial Group Inc.	New	117,947	$36M	0.2%	+7.84%	48
USS Investment Management Ltd	Increased	116,376(+0.1%)	$35.6M	0.2%	+70.44%	35
XPONANCE LLC	Increased	115,233(+6.0%)	$35.2M	0.3%	+56.09%	37
Waverly Advisors, LLC	Increased	114,138(+6.7%)	$34.9M	0.3%	+15.76%	37
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Decreased	114,062(-1.4%)	$34.9M	0.0%	+99.48%	0
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	Decreased	110,560(-3.9%)	$34.7M	0.3%	+101.46%	0
Mediolanum International Funds Ltd	Increased	112,538(+29.3%)	$34.7M	0.3%	+12.01%	43
LGT Group Foundation	Increased	109,439(+3.4%)	$33.7M	0.4%	+13.44%	36
Police & Firemen's Retirement System of New Jersey	Decreased	109,542(-5.0%)	$33.5M	0.3%	+16.87%	0
Pathstone Holdings, LLC	Decreased	109,207(-6.2%)	$33.4M	0.1%	+16.93%	0
Vanguard Personalized Indexing Management, LLC	Increased	109,084(+2.7%)	$33.3M	0.3%	+29.50%	35
Allianz Asset Management GmbH	Increased	108,918(+20.4%)	$33.3M	0.0%	+25.26%	34
Cresset Asset Management, LLC	Decreased	108,654(-2.5%)	$33.2M	0.1%	+28.80%	0
Fiera Capital Corp	Decreased	107,761(-5.8%)	$32.9M	0.1%	+31.69%	0
NEW YORK LIFE INVESTMENT MANAGEMENT LLC	Increased	103,450(+6.7%)	$31.6M	0.3%	+34.02%	37
NEOS Investment Management LLC	Increased	102,795(+16.9%)	$31.4M	0.2%	+15.42%	40
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	Decreased	99,750(-1.0%)	$30.5M	0.0%	+60.47%	0
PRUDENTIAL PLC	Increased	98,167(+8.8%)	$30M	0.2%	+24.41%	38
CULLEN/FROST BANKERS, INC.	Increased	97,293(+0.4%)	$29.7M	0.3%	+77.17%	34
Rakuten Investment Management, Inc.	Increased	93,745(+197x)	$28.9M	0.1%	+7.88%	46
Candriam S.C.A.	Increased	94,209(+4.8%)	$28.8M	0.1%	+44.63%	36
Private Advisor Group, LLC	Increased	93,435(+0.9%)	$28.6M	0.1%	+56.31%	35
FEDERATED HERMES, INC.	Decreased	92,707(-21.0%)	$28.3M	0.0%	+20.73%	0
Squarepoint Ops LLC	Decreased	92,321(-75.3%)	$28.2M	0.0%	+10.26%	0
PUBLIC SECTOR PENSION INVESTMENT BOARD	Increased	92,148(+49.7%)	$28.2M	0.1%	+17.57%	40
NATIXIS	Decreased	91,657(-37.1%)	$28M	0.1%	+17.17%	0
RENAISSANCE TECHNOLOGIES LLC	Decreased	91,437(-11.5%)	$27.9M	0.0%	+10.08%	0
NISSAY ASSET MANAGEMENT CORP /JAPAN	Increased	90,335(+0.8%)	$27.6M	0.1%	+76.61%	35
Aptus Capital Advisors, LLC	Decreased	89,970(-5.8%)	$27.5M	0.2%	+28.99%	0
Empowered Funds, LLC	Increased	89,717(+10.2%)	$27.4M	0.2%	+20.42%	38
Wealthfront Advisers LLC	Increased	89,558(+22.7%)	$27.4M	0.1%	+38.68%	35
Beacon Pointe Advisors, LLC	Increased	88,546(+0.7%)	$27.1M	0.2%	+44.03%	34
QRG CAPITAL MANAGEMENT, INC.	Increased	87,920(+72.8%)	$26.9M	0.3%	+19.33%	51
HB Wealth Management, LLC	Increased	86,813(+0.2%)	$26.5M	0.2%	+28.26%	34
YOUSIF CAPITAL MANAGEMENT, LLC	Decreased	87,455(-4.5%)	$26.5M	0.3%	+36.11%	0
Verition Fund Management LLC	Decreased	83,256(-61.0%)	$25.4M	0.1%	+13.62%	0
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	Decreased	82,017(-11.2%)	$25.1M	0.2%	+22.63%	0
CLIFFORD SWAN INVESTMENT COUNSEL LLC	Decreased	78,495(-0.5%)	$24M	0.8%	+103.01%	0
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	Increased	77,929(+0.8%)	$23.8M	0.3%	+95.32%	34
MACQUARIE GROUP LTD	Increased	74,557(+11.5%)	$22.8M	0.1%	+17.43%	32
Banco Santander, S.A.	Increased	74,351(+58.4%)	$22.7M	0.2%	+27.27%	49
Allworth Financial LP	Increased	74,207(+26.7%)	$22.7M	0.1%	+24.59%	35
Rathbones Group PLC	Decreased	73,243(-79.3%)	$22.4M	0.1%	+34.17%	0
Trexquant Investment LP	New	69,480	$21.2M	0.2%	+7.84%	47
AMERICAN CENTURY COMPANIES INC	Decreased	68,172(-72.3%)	$20.8M	0.0%	+21.11%	0
WHITTIER TRUST CO	Decreased	66,173(-1.9%)	$20M	0.2%	+97.97%	0
SILVERCREST ASSET MANAGEMENT GROUP LLC	Increased	65,087(+1.9%)	$19.9M	0.1%	+41.99%	35
EXCHANGE TRADED CONCEPTS, LLC	Decreased	65,028(-10.3%)	$19.9M	0.2%	+10.66%	0
Orion Porfolio Solutions, LLC	Increased	65,017(+7.2%)	$19.9M	0.1%	+28.14%	36
Walleye Trading LLC	Decreased	63,988(-4.0%)	$19.6M	0.0%	+11.91%	0
Rafferty Asset Management, LLC	Decreased	61,857(-2.4%)	$18.9M	0.1%	+30.92%	0
OneDigital Investment Advisors LLC	Decreased	58,364(-0.4%)	$17.8M	0.2%	+32.31%	0
Quadrature Capital Ltd	Increased	56,989(+189.8%)	$17.4M	0.2%	+9.68%	55
ASSETMARK, INC	Increased	55,322(+13.3%)	$16.9M	0.0%	+23.40%	32
MATHER GROUP, LLC.	Increased	55,202(+0.3%)	$16.9M	0.2%	+70.56%	34
ABN AMRO Bank N.V.	Increased	53,627(+27.2%)	$16.4M	0.2%	+22.49%	42
Robeco Institutional Asset Management B.V.	Decreased	53,051(-29.3%)	$16.2M	0.0%	+58.02%	0
IEQ CAPITAL, LLC	Increased	52,550(+51.2%)	$16.1M	0.0%	+22.71%	39
Boston Trust Walden Corp	Decreased	51,695(-7.7%)	$15.8M	0.1%	+102.80%	0
CONGRESS ASSET MANAGEMENT CO	Decreased	49,748(-1.4%)	$15.2M	0.1%	+42.07%	0
Gotham Asset Management, LLC	Increased	48,992(+124.0%)	$15M	0.1%	+16.73%	45
Savant Capital, LLC	Decreased	48,843(-13.2%)	$14.9M	0.1%	+40.39%	0
TIAA TRUST, NATIONAL ASSOCIATION	Decreased	48,147(-0.1%)	$14.7M	0.0%	+32.09%	0
Bridgewater Associates, LP	Decreased	47,902(-21.8%)	$14.6M	0.1%	+36.71%	0
JANE STREET GROUP, LLC	Decreased	43,344(-37.3%)	$13.2M	0.0%	+21.24%	0
Merit Financial Group, LLC	Increased	40,915(+11.1%)	$12.5M	0.1%	+26.41%	37
Vontobel Holding Ltd.	Decreased	39,932(-3.0%)	$12.2M	0.0%	+29.24%	0
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	Increased	39,203(+5.9%)	$12M	0.0%	+54.51%	30
FIL Ltd	Increased	37,725(+5.3%)	$11.5M	0.0%	+10.82%	29
ExodusPoint Capital Management, LP	New	37,672	$11.5M	0.1%	+7.84%	39
CI INVESTMENTS INC.	Increased	36,037(+14.3%)	$11M	0.0%	+24.34%	32
Schonfeld Strategic Advisors LLC	Decreased	35,861(-43.7%)	$11M	0.0%	+14.60%	0
UNITED CAPITAL FINANCIAL ADVISORS, LLC	Increased	35,809(+20.0%)	$10.9M	0.1%	+59.27%	33
NOMURA HOLDINGS INC	Decreased	35,580(-14.2%)	$10.9M	0.0%	+19.86%	0
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.	Decreased	35,509(-18.6%)	$10.9M	0.1%	+35.82%	0
PRIMECAP MANAGEMENT CO/CA/	Unchanged	33,930	$10.4M	0.0%	+80.37%	0
Capital International, Inc./CA/	Decreased	33,377(-9.6%)	$10.2M	0.1%	+20.34%	0
Farther Finance Advisors, LLC	Increased	32,924(+37.2%)	$10.1M	0.1%	+15.22%	43
INTECH INVESTMENT MANAGEMENT LLC	Increased	32,821(+41.0%)	$10M	0.1%	+21.81%	37
GREAT LAKES ADVISORS, LLC	Increased	32,252(+14.6%)	$9.9M	0.1%	+24.44%	32
OMERS ADMINISTRATION Corp	Decreased	29,931(-3.4%)	$9.1M	0.1%	+28.77%	0
NewEdge Wealth, LLC	Increased	28,601(+13.2%)	$8.7M	0.1%	+31.35%	31
Equitable Holdings, Inc.	Increased	28,340(+7.2%)	$8.7M	0.1%	+33.91%	30
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	Decreased	28,152(-26.4%)	$8.6M	0.0%	+15.73%	0
Vident Advisory, LLC	Decreased	27,173(-28.5%)	$8.3M	0.1%	+25.95%	0
KING LUTHER CAPITAL MANAGEMENT CORP	Increased	27,012(+0.2%)	$8.3M	0.0%	+88.34%	27
MONETA GROUP INVESTMENT ADVISORS LLC	Decreased	26,766(-0.1%)	$8.2M	0.1%	+45.13%	0
AXXCESS WEALTH MANAGEMENT, LLC	Increased	24,101(+3.6%)	$7.4M	0.1%	+30.92%	34
Allen Investment Management, LLC	Increased	22,516(+17.1%)	$6.9M	0.1%	+40.34%	32
Wealthspire Advisors, LLC	Increased	22,251(+4.0%)	$6.8M	0.1%	+23.17%	28
Tidal Investments LLC	Increased	21,773(+11.8%)	$6.7M	0.0%	+28.64%	30
Integrated Wealth Concepts LLC	Decreased	19,880(-56.7%)	$6.1M	0.1%	+40.03%	0
Envestnet Portfolio Solutions, Inc.	Increased	19,766(+20.2%)	$6M	0.0%	+24.32%	32
GREENLEAF TRUST	Decreased	18,889(-7.9%)	$5.8M	0.1%	+52.85%	0
FRED ALGER MANAGEMENT, LLC	Decreased	18,818(-27.8%)	$5.8M	0.0%	+23.53%	0
Phoenix Financial Ltd.	Decreased	17,813(-7.8%)	$5.4M	0.1%	+13.36%	0
WESTFIELD CAPITAL MANAGEMENT CO LP	New	17,757	$5.4M	0.0%	+7.84%	37
MAIRS & POWER INC	Decreased	16,693(-7.0%)	$5.1M	0.0%	+55.98%	0
Jain Global LLC	Decreased	14,831(-42.8%)	$4.5M	0.0%	+14.75%	0
PANAGORA ASSET MANAGEMENT INC	Increased	14,382(+94.6%)	$4.4M	0.0%	+20.84%	43
PEAK6 LLC	Increased	14,118(+4705x)	$4.3M	0.0%	+7.84%	43
Twin Tree Management, LP	New	13,720	$4.2M	0.0%	+7.84%	37
TCW GROUP INC	New	13,486	$4.1M	0.0%	+7.84%	37
Tredje AP-fonden	Decreased	12,986(-46.7%)	$4M	0.0%	+10.29%	0
MAVERICK CAPITAL LTD	New	12,453	$3.8M	0.0%	+7.84%	37
PINEBRIDGE INVESTMENTS LLC	New	11,510	$3.5M	0.0%	+7.84%	37
Williams Jones Wealth Management, LLC.	Increased	10,610(+0.1%)	$3.2M	0.0%	+60.26%	26
Empower Advisory Group, LLC	Decreased	10,051(-24.3%)	$3.1M	0.0%	+24.59%	0
PRICE T ROWE ASSOCIATES INC /MD/	Increased	9.5M(+3.0%)	$2.9M	0.3%	+24.23%	32
Virtu Financial LLC	Decreased	8,498(-29.2%)	$2.6M	0.1%	+13.36%	0
AustralianSuper Pty Ltd	Decreased	8,168(-85.2%)	$2.5M	0.0%	+10.27%	0
Blackstone Inc.	New	7,596	$2.3M	0.0%	+7.84%	36
Erste Asset Management GmbH	Increased	6,714(+41.9%)	$2.1M	0.0%	+11.06%	35
Cullen Capital Management, LLC	Decreased	6,647(-3.8%)	$2M	0.0%	+56.79%	0
DODGE & COX	Unchanged	6,475	$2M	0.0%	+121.84%	0
Clearbridge Investments, LLC	Increased	6,428(+45.6%)	$2M	0.0%	+22.72%	35
SHELTON CAPITAL MANAGEMENT	Decreased	6,175(-8.9%)	$1.9M	0.0%	+30.12%	0
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	New	6,026	$1.8M	0.0%	+7.84%	36
SCS Capital Management LLC	Decreased	5,311(-25.4%)	$1.6M	0.0%	+10.06%	0
First Command Advisory Services, Inc.	Increased	5,299(+3.6%)	$1.6M	0.0%	+22.10%	27
Kovitz Investment Group Partners, LLC	Decreased	4,868(-90.6%)	$1.5M	0.0%	+21.53%	0
GROUP ONE TRADING LLC	New	4,705	$1.4M	0.0%	+7.84%	35
XTX Topco Ltd	Decreased	4,467(-65.1%)	$1.4M	0.0%	+10.25%	0
Grantham, Mayo, Van Otterloo & Co. LLC	Unchanged	4,369	$1.3M	0.0%	+12.89%	0
MOORE CAPITAL MANAGEMENT, LP	Decreased	3,391(-36.2%)	$1M	0.0%	+11.51%	0
HORIZON KINETICS ASSET MANAGEMENT LLC	Unchanged	3,339	$1M	0.0%	+36.22%	0
LOS ANGELES CAPITAL MANAGEMENT LLC	Decreased	3,241(-4.8%)	$980,176	0.0%	+25.59%	0
LMR Partners LLP	Increased	2,988(+0.5%)	$913,223	0.0%	+13.08%	25
GAMCO INVESTORS, INC. ET AL	Decreased	2,838(-5.0%)	$867,378	0.0%	+22.43%	0
London & Capital Asset Management Ltd	New	2,822	$862,558	0.0%	+7.84%	34
CAPSTONE INVESTMENT ADVISORS, LLC	Decreased	2,595(-86.8%)	$793,110	0.0%	+15.27%	0
Dynasty Wealth Management, LLC	Increased	2,474(+15.8%)	$756,078	0.0%	+21.69%	28
Financial Engines Advisors L.L.C.	Increased	2,419(+14.6%)	$739,319	0.0%	+17.51%	28
Engineers Gate Manager LP	Decreased	2,358(-38.0%)	$720,676	0.0%	+15.21%	0
M&T BANK CORP	Decreased	9,157(-97.0%)	$554,423	0.0%	+62.40%	0
HARRIS ASSOCIATES L P	Unchanged	1,273	$389,067	0.0%	+10.89%	0
Brevan Howard Capital Management LP	Decreased	1,189(-81.2%)	$363,394	0.0%	+14.19%	0
Boston Partners	Increased	1,097(+1.2%)	$335,167	0.0%	+10.26%	24
Capula Management Ltd	Decreased	1,047(-40.5%)	$319,995	0.0%	+13.53%	0
GARDNER RUSSO & QUINN LLC	Increased	905(+28.4%)	$276,595	0.0%	+68.93%	29
LOOMIS SAYLES & CO L P	Decreased	870(-0.2%)	$265,986	0.0%	+27.75%	0
Marex Group plc	Decreased	744(-49.4%)	$227,389	0.0%	+15.27%	0
WOLVERINE ASSET MANAGEMENT LLC	Decreased	711(-45.6%)	$217,303	0.0%	+13.11%	0
BNP Paribas Asset Management Holding S.A.	Increased	456,983(+28.1%)	$139,756	0.2%	+19.59%	33
IFM Investors Pty Ltd	Increased	136,018(+0.8%)	$41,571	0.3%	+55.92%	24
HRT FINANCIAL LP	Increased	70,238(+281.6%)	$21,466	0.1%	+9.69%	30
Centiva Capital, LP	Exited	0(-100.0%)	$423,319	0.0%	+2.27%	0
POLEN CAPITAL MANAGEMENT LLC	Exited	0(-100.0%)	$504,154	0.0%	+2.27%	0
Aristotle Capital Management, LLC	Exited	0(-100.0%)	$202,391	0.0%	+2.27%	0
WORLDQUANT MILLENNIUM ADVISORS LLC	Exited	0(-100.0%)	$117.9M	0.0%	+2.27%	0
ALPS ADVISORS INC	Exited	0(-100.0%)	$55.9M	0.0%	+13.18%	0
Hudson Bay Capital Management LP	Exited	0(-100.0%)	$22.1M	0.0%	+9.02%	0
Freestone Grove Partners LP	Exited	0(-100.0%)	$77.2M	0.0%	+2.27%	0
IMC-Chicago, LLC	Exited	0(-100.0%)	$8.8M	0.0%	+6.89%	0

McDonald's Corporation

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