% of shares outstanding not shown: this line files 20-F annual reports only — a foreign private issuer whose US listing trades as ADSs (depositary receipts), while its cover-page share count is in ORDINARY shares. The depositary ratio is not in our data. The count we hold for this line is 279,288,885 shares (as of 2025-12-31, source dei). Dividing one by the other is wrong by the whole ratio (a 5:1 ADR reads one fifth of the true percentage), so the percentage is withheld rather than served wrong. Holder share counts are shown as filed.
Crowding percentile lands with its cohort — the cohort is size-matched, so it needs a market cap for FMS in the served universe — that lands with the next screener build.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | PZENA INVESTMENT MANAGEMENT LLC | 15,052,82215.1M | $340M | — | ADD 2% |
| 2 | FIDUCIARY MANAGEMENT INC /WI/ | 4,462,1064.5M | $101M | — | TRIM -10% |
| 3 | Dodge & Coxtracked | 3,826,9103.8M | $86M | — | — |
| 4 | MORGAN STANLEY | 2,484,8102.5M | $56M | — | TRIM -15% |
| 5 | MILLENNIUM MANAGEMENT LLC | 1,641,3011.6M | $37M | — | ADD 3950% |
| 6 | BRANDES INVESTMENT PARTNERS, LP | 1,610,8491.6M | $36M | — | NEW |
| 7 | TODD ASSET MANAGEMENT LLC | 1,296,5431.3M | $29M | — | — |
| 8 | GOLDMAN SACHS GROUP INC | 818,002818,002 | $18M | — | ADD 11% |
| 9 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | 816,200816,200 | $18M | — | — |
| 10 | Integral Health Asset Management, LLC | 775,000775,000 | $17M | — | ADD 19% |
| 11 | BlackRock, Inc. | 627,669627,669 | $14M | — | ADD 36% |
| 12 | Point72 Asset Management, L.P. | 509,907509,907 | $12M | — | TRIM -55% |
| 13 | D. E. Shaw & Co., Inc. | 429,332429,332 | $10M | — | ADD 1201% |
| 14 | RAYMOND JAMES FINANCIAL INC | 422,424422,424 | $10M | — | ADD 47% |
| 15 | ENVESTNET ASSET MANAGEMENT INC | 383,771383,771 | $9M | — | ADD 50% |
| 16 | NORTHERN TRUST CORP | 379,784379,784 | $9M | — | TRIM -5% |
| 17 | Moran Wealth Management, LLC | 347,773347,773 | $8M | — | ADD 32% |
| 18 | Quantinno Capital Management LP | 341,343341,343 | $8M | — | ADD 16% |
| 19 | HENNESSY ADVISORS INC | 337,800337,800 | $8M | — | TRIM -3% |
| 20 | BNP PARIBAS FINANCIAL MARKETS | 335,790335,790 | $8M | — | ADD 457% |
| 21 | WELLS FARGO & COMPANY/MN | 334,855334,855 | $8M | — | ADD 581% |
| 22 | FMR LLC | 295,389295,389 | $7M | — | ADD 119% |
| 23 | ROYAL BANK OF CANADA | 216,861216,861 | $5M | — | ADD 479% |
| 24 | TWO SIGMA INVESTMENTS, LP | 214,374214,374 | $5M | — | ADD 341% |
| 25 | O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 205,876205,876 | $5M | — | ADD 354% |
| 26 | Creative Planning | 183,818183,818 | $4M | — | ADD 156% |
| 27 | NIA IMPACT ADVISORS, LLC | 147,597147,597 | $3M | — | TRIM -4% |
| 28 | ASSETMARK, INC | 132,320132,320 | $3M | — | ADD 191% |
| 29 | SEI INVESTMENTS CO | 120,704120,704 | $3M | — | ADD 81% |
| 30 | JPMORGAN CHASE & CO | 116,494116,494 | $3M | — | ADD 18% |
| 31 | UBS Group AG | 113,517113,517 | $3M | — | ADD 11% |
| 32 | Cinctive Capital Management LP | 99,00499,004 | $2M | — | NEW |
| 33 | HRT FINANCIAL LP | 85,83785,837 | $2M | — | NEW |
| 34 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 84,83384,833 | $2M | — | ADD 78% |
| 35 | RITHOLTZ WEALTH MANAGEMENT | 84,65884,658 | $2M | — | ADD 253% |
| 36 | BANK OF AMERICA CORP /DE/ | 82,46682,466 | $2M | — | — |
| 37 | HANTZ FINANCIAL SERVICES, INC. | 82,41682,416 | $2M | — | ADD 1018% |
| 38 | JANE STREET GROUP, LLC | 81,71281,712 | $2M | — | TRIM -40% |
| 39 | SEARLE & CO. | 80,72580,725 | $2M | — | — |
| 40 | STIFEL FINANCIAL CORP | 80,66480,664 | $2M | — | NEW |
| 41 | QRG CAPITAL MANAGEMENT, INC. | 77,12877,128 | $2M | — | ADD 14% |
| 42 | DIVERSIFIED MANAGEMENT INC | 73,04773,047 | $2M | — | ADD 480% |
| 43 | Schonfeld Strategic Advisors LLC | 68,56468,564 | $2M | — | NEW |
| 44 | Pathstone Holdings, LLC | 67,08567,085 | $2M | — | — |
| 45 | Advisors Asset Management, Inc. | 66,02466,024 | $1M | — | ADD 22% |
| 46 | NATIONAL BANK OF CANADA /FI/ | 63,99563,995 | $1M | — | ADD 34% |
| 47 | Engineers Gate Manager LP | 63,59363,593 | $1M | — | ADD 88% |
| 48 | Crossmark Global Holdings, Inc. | 56,62356,623 | $1M | — | — |
| 49 | CITADEL ADVISORS LLC | 56,57856,578 | $1M | — | ADD 99% |
| 50 | LPL Financial LLC | 53,33253,332 | $1M | — | NEW |
| 51 | Tidal Investments LLC | 50,90550,905 | $1M | — | ADD 319% |
| 52 | Mariner, LLC | 50,10650,106 | $1M | — | ADD 10% |
| 53 | BAROMETER CAPITAL MANAGEMENT INC. | 46,20046,200 | $1M | — | ADD 570% |
| 54 | BANK OF MONTREAL /CAN/ | 45,21845,218 | $1M | — | NEW |
| 55 | Vident Advisory, LLC | 45,10045,100 | $1M | — | ADD 7% |
| 56 | Cerity Partners LLC | 40,64540,645 | $916,958 | — | — |
| 57 | Uncommon Cents Investing LLC | 40,49540,495 | $913,567 | — | — |
| 58 | AQR CAPITAL MANAGEMENT LLC | 38,73638,736 | $873,874 | — | ADD 4% |
| 59 | AMERICAN CENTURY COMPANIES INC | 38,61338,613 | $871,109 | — | ADD 8% |
| 60 | Summit Trail Advisors, LLC | 37,49437,494 | $845,853 | — | ADD 219% |
| 61 | HIGHLAND CAPITAL MANAGEMENT, LLC | 36,65036,650 | $826,824 | — | — |
| 62 | Nuveen, LLC | 34,92834,928 | $787,976 | — | TRIM -2% |
| 63 | MML INVESTORS SERVICES, LLC | 34,73634,736 | $783,647 | — | ADD 41% |
| 64 | Ethic Inc. | 34,73134,731 | $783,528 | — | TRIM -19% |
| 65 | Trexquant Investment LP | 33,59033,590 | $757,790 | — | NEW |
| 66 | SIGNET FINANCIAL MANAGEMENT, LLC | 28,89528,895 | $651,871 | — | — |
| 67 | Summit Financial, LLC | 28,09728,097 | $633,868 | — | NEW |
| 68 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 27,79227,792 | $626,988 | — | ADD 126% |
| 69 | OPPENHEIMER ASSET MANAGEMENT INC. | 26,79026,790 | $604,382 | — | NEW |
| 70 | VOLORIDGE INVESTMENT MANAGEMENT, LLC | 25,05025,050 | $565,128 | — | NEW |
| 71 | Vanguard Personalized Indexing Management, LLC | 23,38223,382 | $527,498 | — | TRIM -19% |
| 72 | Qube Research & Technologies Ltd | 23,34723,347 | $526,708 | — | TRIM -88% |
| 73 | US BANCORP \DE\ | 23,00823,008 | $519,060 | — | TRIM -5% |
| 74 | EVERGREEN CAPITAL MANAGEMENT LLC | 22,92122,921 | $517,098 | — | ADD 27% |
| 75 | AMERIPRISE FINANCIAL INC | 22,72922,729 | $512,759 | — | ADD 29% |
| 76 | Orion Porfolio Solutions, LLC | 22,53622,536 | $508,418 | — | NEW |
| 77 | DMC Group, LLC | 22,46022,460 | $506,698 | — | ADD 15% |
| 78 | Caprock Group, LLC | 22,26922,269 | $502,399 | — | ADD 137% |
| 79 | Autumn Glory Partners, LLC | 2,0002,000 | $494,100 | — | — |
| 80 | Callan Family Office, LLC | 21,68721,687 | $489,258 | — | TRIM -26% |
| 81 | GUGGENHEIM CAPITAL LLC | 21,67021,670 | $488,875 | — | — |
| 82 | SIMPLEX TRADING, LLC | 21,52121,521 | $485,513 | — | ADD 19% |
| 83 | NBC SECURITIES, INC. | 21,09421,094 | $475,880 | — | NEW |
| 84 | GLENMEDE TRUST CO NA | 20,83420,834 | $470,014 | — | — |
| 85 | Bank of New York Mellon Corp | 20,66920,669 | $466,295 | — | — |
| 86 | Sequoia Financial Advisors, LLC | 20,27520,275 | $457,407 | — | NEW |
| 87 | DIMENSIONAL FUND ADVISORS LP | 19,46319,463 | $439,080 | — | TRIM -30% |
| 88 | FIFTH THIRD BANCORP | 18,76518,765 | $423,338 | — | — |
| 89 | RHUMBLINE ADVISERS | 18,73418,734 | $422,625 | — | ADD 8% |
| 90 | HighTower Advisors, LLC | 18,40918,409 | $415,310 | — | ADD 7% |
| 91 | QUADRANT CAPITAL GROUP LLC | 17,51817,518 | $395,207 | — | TRIM -2% |
| 92 | Aaron Wealth Advisors LLC | 16,41616,416 | $370,345 | — | NEW |
| 93 | MEYER HANDELMAN CO | 16,00016,000 | $360,960 | — | — |
| 94 | Cetera Investment Advisers | 15,91715,917 | $359,097 | — | ADD 77% |
| 95 | MERCER GLOBAL ADVISORS INC /ADV | 15,52615,526 | $350,271 | — | TRIM -10% |
| 96 | Laird Norton Wetherby Trust Company, LLC | 15,42515,425 | $347,988 | — | ADD 5% |
| 97 | Riverwater Partners LLC | 15,30615,306 | $345,303 | — | — |
| 98 | GEODE CAPITAL MANAGEMENT, LLC | 15,30115,301 | $345,190 | — | TRIM -71% |
| 99 | UMB Bank, n.a. | 15,15015,150 | $341,784 | — | ADD 10000% |
| 100 | PING CAPITAL MANAGEMENT, INC. | 15,00015,000 | $338,400 | — | ADD 50% |
Ranked by each filer’s own reported value, not shares.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| BRANDES INVESTMENT PARTNERS, LP | +1,610,849 | $36M | OPEN |
| MILLENNIUM MANAGEMENT LLC | +1,600,779 | $36M | ADD |
| D. E. Shaw & Co., Inc. | +396,336 | $9M | ADD |
| PZENA INVESTMENT MANAGEMENT LLC | +299,986 | $7M | ADD |
| WELLS FARGO & COMPANY/MN | +285,668 | $6M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Point72 Asset Management, L.P. | −622,907 | $14M | TRIM |
| FIDUCIARY MANAGEMENT INC /WI/ | −499,863 | $11M | TRIM |
| MORGAN STANLEY | −455,029 | $10M | TRIM |
| ABC ARBITRAGE SA | −249,800 | $6M | CLOSE |
| Qube Research & Technologies Ltd | −178,525 | $4M | TRIM |
Prior quarter split-rebased · 13Fs are long, US-listed only.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| PZENA INVESTMENT MANAGEMENT LLC | 15.3M | 15.4M | 14.7M | 14.8M | 14.8M | 15.1M | $340M |
| FIDUCIARY MANAGEMENT INC /WI/ | 6.3M | 6.0M | 5.7M | 5.5M | 5.0M | 4.5M | $101M |
| Dodge & Coxtracked | 4.2M | 4.2M | 3.8M | 3.8M | 3.8M | 3.8M | $86M |
| MORGAN STANLEY | 1.0M | 1.1M | 2.4M | 2.0M | 2.9M | 2.5M | $56M |
| MILLENNIUM MANAGEMENT LLC | 722K | 1.1M | 308K | 317K | 41K | 1.6M | $37M |
| BRANDES INVESTMENT PARTNERS, LP | — | — | — | — | — | 1.6M | $36M |
| TODD ASSET MANAGEMENT LLC | — | 482K | 1.2M | 1.3M | 1.3M | 1.3M | $29M |
| GOLDMAN SACHS GROUP INC | 779K | 729K | 797K | 779K | 735K | 818K | $18M |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | — | 298K | 754K | 816K | 816K | 816K | $18M |
| Integral Health Asset Management, LLC | 600K | 680K | 750K | 450K | 650K | 775K | $17M |
| BlackRock, Inc. | 470K | 419K | 445K | 468K | 462K | 628K | $14M |
| Point72 Asset Management, L.P. | 38K | 38K | — | 534K | 1.1M | 510K | $12M |
| D. E. Shaw & Co., Inc. | — | — | — | — | 33K | 429K | $10M |
| RAYMOND JAMES FINANCIAL INC | 18K | 288K | 278K | 282K | 287K | 422K | $10M |
| ENVESTNET ASSET MANAGEMENT INC | 328K | 295K | 374K | 280K | 256K | 384K | $9M |
Green = added, red = trimmed, grey = held; a dash is a quarter with no 13F on file — a gap, not an exit.
Holders only — breaks = no 13F.
Short interest has its own tab now — open SI →
SEC Form 13F · ~10,250 filers, 10y · long-only, US-listed, filed ≤45d after quarter-end.
SEC Schedule 13D/G XML · group aggregate.