Vault-13

QUAD / GRAPHICS INC QUAD

COM CL A · Common Stock · CUSIP 747301109

Marketing solutions company

146 institutional holders -4 vs Q1 2026
21,168,46921.2m shares reported held*
$178.4mreported value*
13 new 69 added 41 reduced 14 sold out net bought ≈ $2.4m (+286.8k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($689.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.43. Options: 1 managers hold calls ($2.5k notional), 1 hold puts ($843).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 81Q4 22: 87Q1 23: 90Q2 23: 92Q3 23: 103Q4 23: 101Q1 24: 109Q2 24: 120Q3 24: 112Q4 24: 135Q1 25: 135Q2 25: 136Q3 25: 140Q4 25: 139Q1 26: 150Q2 26: 146146Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202281
Q4 202287
Q1 202390
Q2 202392
Q3 2023103
Q4 2023101
Q1 2024109
Q2 2024120
Q3 2024112
Q4 2024135
Q1 2025135
Q2 2025136
Q3 2025140
Q4 2025139
Q1 2026150
Q2 2026146

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 24: 59 bought or addedQ3 24: 40 cut or sold outQ4 24: 78 bought or addedQ4 24: 41 cut or sold outQ4 24Q1 25: 67 bought or addedQ1 25: 55 cut or sold outQ2 25: 70 bought or addedQ2 25: 55 cut or sold outQ2 25Q3 25: 59 bought or addedQ3 25: 67 cut or sold outQ4 25: 62 bought or addedQ4 25: 61 cut or sold outQ4 25Q1 26: 74 bought or addedQ1 26: 56 cut or sold outQ2 26: 82 bought or addedQ2 26: 55 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20245940
Q4 20247841
Q1 20256755
Q2 20257055
Q3 20255967
Q4 20256261
Q1 20267456
Q2 20268255

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300kQ3 25 calls: $264.6kQ3 25 puts: $98.1kQ3 25P/C 0.37Q4 25 calls: $145.5kQ4 25 puts: $21.3kQ4 25P/C 0.15Q1 26 calls: $258.5kQ1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $2.5kQ2 26 puts: $843Q2 26P/C 0.33
Numbers
QuarterCallsPutsP/C
Q3 2025$264.6k$98.1k0.37
Q4 2025$145.5k$21.3k0.15
Q1 2026$258.5k$00.00
Q2 2026$2.5k$8430.33

Biggest buyers

BlackRock, Inc. Added +269,378+269.4k
LAZARD ASSET MANAGEMENT LLC Added +121,519+121.5k
PANAGORA ASSET MANAGEMENT INC Added +117,828+117.8k
AQR CAPITAL MANAGEMENT LLC Added +109,292+109.3k
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Added +93,001+93.0k
GEODE CAPITAL MANAGEMENT, LLC Added +80,895+80.9k
VANGUARD PORTFOLIO MANAGEMENT LLC Added +76,697+76.7k
DIMENSIONAL FUND ADVISORS LP Added +59,050+59.0k
MANGROVE PARTNERS IM, LLC New +43,310+43.3k
Inspire Investing, LLC Added +39,793+39.8k

Biggest sellers

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -142,405-142.4k
TWO SIGMA INVESTMENTS, LP Reduced -127,082-127.1k
Miller Value Partners, LLC Reduced -112,740-112.7k
VANGUARD CAPITAL MANAGEMENT LLC Reduced -83,789-83.8k
MILLENNIUM MANAGEMENT LLC Reduced -80,418-80.4k
Invst, LLC Reduced -79,593-79.6k
Trexquant Investment LP Reduced -62,735-62.7k
RENAISSANCE TECHNOLOGIES LLC Reduced -49,500-49.5k
D. E. Shaw & Co., Inc. Reduced -48,068-48.1k
MARSHALL WACE, LLP Sold out -47,842-47.8k

Biggest calls

SIMPLEX TRADING, LLC Reduced $2.5k300 shares

Biggest puts

SIMPLEX TRADING, LLC New $843100 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Quad/Graphics, Inc. Voting Trust 13G · exempt (held before listing) filed 2025-02-13 24.0% 12.3m≈ $103.6m 2025-02-13
MILLER VALUE PARTNERS, LLC 13G · institution filed 2026-08-07 5.9% 0 2026-08-07

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Miller Value Partners, LLC 5.06% of their portfolio SARASOTA, FL 2,538,2992.5m $21.4m $21.4m 5.06% Reduced -112.7k -112,740
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,290,1952.3m $19.3m $19.3m 0.00% Added +269.4k +269,378
3 LSV ASSET MANAGEMENT 0.02% of their portfolio CHICAGO, IL 1,373,4911.4m $11.6m $11.6m 0.02% Added +39.8k +39,790
4 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 1,303,3311.3m $11.0m $11.0m 0.00% Reduced -83.8k -83,789
5 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 1,194,4891.2m $10.1m $10.1m 0.00% Added +59.0k +59,050
6 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 1,053,6401.1m $8.9m $8.9m 0.03% Added +32.1k +32,110
7 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 773,412773.4k $6.5m $6.5m 0.00% Added +80.9k +80,895
8 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 672,900672.9k $5.7m $5.7m 0.01% Reduced -49.5k -49,500
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 637,466637.5k $5.4m $5.4m 0.00% Added +4.3k +4,305
10 GREAT VALLEY ADVISOR GROUP, INC. 0.08% of their portfolio WILMINGTON, DE 622,325622.3k $5.2m $5.2m 0.08% Added +1.0k +1,000
11 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio Stamford, CT 460,731460.7k $3.9m $3.9m 0.02% Added +93.0k +93,001
12 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 415,952416.0k $3.5m $3.5m 0.00% Added +13.0k +13,014
13 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 407,059407.1k $3.4m $3.4m 0.00% Reduced -48.1k -48,068
14 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 318,047318.0k $2.7m $2.7m 0.00% Reduced -142.4k -142,405
15 HEARTLAND ADVISORS INC 0.11% of their portfolio MILWAUKEE, WI 300,000300.0k $2.5m $2.5m 0.11% Unchanged
16 Inspire Investing, LLC 0.10% of their portfolio MERIDIAN, ID 292,680292.7k $2.5m $2.5m 0.10% Added +39.8k +39,793
17 SEGALL BRYANT & HAMILL, LLC 0.03% of their portfolio CHICAGO, IL 289,655289.7k $2.4m $2.4m 0.03% Reduced -20.5k -20,496
18 RITHOLTZ WEALTH MANAGEMENT 0.04% of their portfolio NEW YORK, NY 287,918287.9k $2.4m $2.4m 0.04% Added +20.9k +20,854
19 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 286,992287.0k $2.4m $2.4m 0.00% Added +76.7k +76,697
20 ZACKS INVESTMENT MANAGEMENT 0.02% of their portfolio Chicago, IL 273,149273.1k $2.3m $2.3m 0.02% Added +22.1k +22,062
21 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.04% of their portfolio HOUSTON, TX 246,012246.0k $2.1m $2.1m 0.04% Reduced -25.0k -25,000
22 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 241,552241.6k $2.0m $2.0m 0.00% Added +16.9k +16,922
23 Invst, LLC 0.20% of their portfolio INDIANAPOLIS, IN 238,893238.9k $2.0m $2.0m 0.20% Reduced -79.6k -79,593
24 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 229,543229.5k $1.9m $1.9m 0.00% Added +109.3k +109,292
25 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 216,485216.5k $1.8m $1.8m 0.00% Added +12.9k +12,854
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 198,139198.1k $1.7m $1.7m 0.00% Reduced -37.0k -36,978
27 Hillsdale Investment Management Inc. 0.03% of their portfolio Toronto, A6 168,597168.6k $1.4m $1.4m 0.03% Added +16.3k +16,300
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 167,143167.1k $1.4m $1.4m 0.00% Reduced -45.6k -45,645
29 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 164,718164.7k $1.4m $1.4m 0.00% Reduced -127.1k -127,082
30 MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio BOSTON, MA 162,788162.8k $1.4m $1.4m 0.03% Added +20.9k +20,931
31 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 155,955156.0k $1.3m $1.3m 0.00% Reduced -6.2k -6,219
32 PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio BOSTON, MA 152,728152.7k $1.3m $1.3m 0.00% Added +117.8k +117,828
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 141,958142.0k $1.2m $1.2m 0.00% Added +1.5k +1,527
34 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 139,514139.5k $1.2m $1.2m 0.00% Added +121.5k +121,519
35 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 127,932127.9k $1.1m $1.1m 0.00% Added +11.5k +11,517
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 109,363109.4k $921.9k $921.9k 0.00% Added +2 +2
37 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 106,997107.0k $902.0k $902.0k 0.00% Added +3.4k +3,376
38 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 102,937102.9k $867.8k $867.8k 0.00% Reduced -80.4k -80,418
39 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 102,002102.0k $859.9k $859.9k 0.00% Added +23.8k +23,802
40 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 96,32796.3k $812.0k $812.0k 0.00% Added +1.3k +1,255
41 Campbell & CO Investment Adviser LLC 0.04% of their portfolio BALTIMORE, MD 86,78286.8k $731.6k $731.6k 0.04% Added +11.5k +11,539
42 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 83,84183.8k $706.8k $706.8k 0.00% Added +14.1k +14,069
43 Crescent Grove Advisors, LLC 0.06% of their portfolio LAKE FOREST, IL 82,99083.0k $699.6k $699.6k 0.06% Added +2.5k +2,500
44 PFG Investments, LLC 0.03% of their portfolio WOODBURY, NY 82,64382.6k $696.7k $696.7k 0.03% Reduced -10.0k -10,000
45 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 82,20082.2k $692.9k $692.9k 0.00% Reduced -1.8k -1,800
46 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 74,04374.0k $624.2k $624.2k 0.01% Added +15.5k +15,532
47 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 72,16972.2k $608.4k $608.4k 0.00% Reduced -25.0k -25,000
48 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 66,36666.4k $559.5k $559.5k 0.00% Reduced -3.4k -3,414
49 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 60,60560.6k $510.9k $510.9k 0.00% Added +9.3k +9,308
50 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 57,80057.8k $487.3k $487.3k 0.00% Added +29.9k +29,900
51 Trexquant Investment LP 0.00% of their portfolio STAMFORD, CT 54,09854.1k $456.0k $456.0k 0.00% Reduced -62.7k -62,735
52 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 51,77151.8k $436.4k $436.4k 0.00% Added +16.1k +16,059
53 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 51,03051.0k $430.2k $430.2k 0.00% Reduced -11.4k -11,357
54 Wealth Architects, LLC 0.03% of their portfolio MOUNTAIN VIEW, CA 50,22750.2k $423.4k $423.4k 0.03% Unchanged
55 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 49,41049.4k $416.5k $416.5k 0.00% Added +2.1k +2,093
56 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 45,95446.0k $388.0k $388.0k 0.00% Unchanged
57 MANGROVE PARTNERS IM, LLC 0.02% of their portfolio Greenwich, CT 43,31043.3k $365.1k $365.1k 0.02% New
58 D'Orazio & Associates, Inc. 0.04% of their portfolio VIENNA, VA 41,86241.9k $352.9k $352.9k 0.04% Added +7.5k +7,493
59 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 41,10241.1k $346.5k $346.5k 0.00% Reduced -5.3k -5,263
60 BAILARD, INC. 0.01% of their portfolio Foster City, CA 41,00041.0k $345.6k $345.6k 0.01% Reduced -2.5k -2,500
61 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 40,26640.3k $339.4k $339.4k 0.00% Reduced -67 -67
62 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 39,92639.9k $336.6k $336.6k 0.00% Reduced -32.8k -32,759
63 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 38,10038.1k $321.2k $321.2k 0.00% Unchanged
64 Man Group plc 0.00% of their portfolio LONDON, X0 33,10833.1k $279.1k $279.1k 0.00% Added +8.3k +8,348
65 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 32,56732.6k $274.5k $274.5k 0.00% New
66 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 32,34532.3k $272.7k $272.7k 0.00% Added +19.9k +19,890
67 HARBOR CAPITAL ADVISORS, INC. 0.02% of their portfolio CHICAGO, IL 31,97732.0k $270.0k $270.0k 0.02% Reduced -681 -681
68 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 30,56030.6k $257.6k $257.6k 0.00% Unchanged
69 Bristlecone Value Partners, LLC 0.20% of their portfolio LOS ANGELES, CA 30,00030.0k $252.9k $252.9k 0.20% Unchanged
70 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 29,92729.9k $252.3k $252.3k 0.00% Added +12.4k +12,379
71 Baron Wealth Management LLC 0.05% of their portfolio TROY, MI 24,97325.0k $210.5k $210.5k 0.05% Added +3.1k +3,107
72 Vise Technologies, Inc. 0.00% of their portfolio NEW YORK, NY 24,51424.5k $206.7k $206.7k 0.00% Added +6.0k +5,961
73 FMR LLC 0.00% of their portfolio BOSTON, MA 22,46822.5k $189.4k $189.4k 0.00% Reduced -24 -24
74 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 22,19022.2k $146.7k $146.7k 0.00% Added +5.2k +5,160
75 UBS Group AG 0.00% of their portfolio ZURICH, V8 21,67921.7k $182.8k $182.8k 0.00% Added +10.6k +10,570
76 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 21,67321.7k $182.7k $182.7k 0.00% Added +5.1k +5,122
77 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 21,24621.2k $179.1k $179.1k 0.00% Added +110 +110
78 OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio FORT LAUDERDALE, FL 21,03221.0k $177.3k $177.3k 0.01% Added +6.5k +6,541
79 Metis Global Partners, LLC 0.00% of their portfolio San Diego, CA 20,60120.6k $173.7k $173.7k 0.00% Unchanged
80 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 19,95120.0k $168.2k $168.2k 0.00% Added +829 +829
81 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 19,93319.9k $168.0k $168.0k 0.00% New
82 Independent Advisor Alliance 0.00% of their portfolio CHARLOTTE, NC 19,39419.4k $163.5k $163.5k 0.00% Added +1.7k +1,682
83 Kathmere Capital Management, LLC 0.01% of their portfolio WAYNE, PA 19,31919.3k $162.9k $162.9k 0.01% Reduced -559 -559
84 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 17,65017.6k $148.8k $148.8k 0.00% Reduced -3.3k -3,325
85 Brevan Howard Capital Management LP 0.00% of their portfolio ST. HELIER, Y9 17,51117.5k $147.6k $147.6k 0.00% Reduced -982 -982
86 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 17,20417.2k $145.0k $145.0k 0.00% New
87 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 17,01517.0k $143.4k $143.4k 0.00% Reduced -22.2k -22,188
88 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 16,21916.2k $136.7k $136.7k 0.00% Added +4.8k +4,785
89 EVERGREEN CAPITAL MANAGEMENT LLC 0.00% of their portfolio Bellevue, WA 15,00015.0k $126.5k $126.5k 0.00% Unchanged
90 Alta Wealth Advisors LLC 0.03% of their portfolio Woburn, MA 14,92014.9k $125.8k $125.8k 0.03% Unchanged
91 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 13,98814.0k $117.9k $117.9k 0.00% Added +12.6k +12,557
92 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 13,93813.9k $117.5k $117.5k 0.00% Added +1.1k +1,079
93 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 13,82713.8k $116.6k $116.6k 0.00% Added +113 +113
94 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 13,75313.8k $115.9k $115.9k 0.00% Added +1.1k +1,085
95 Mariner, LLC 0.00% of their portfolio Overland Park, KS 13,62513.6k $114.9k $114.9k 0.00% Added +1.8k +1,765
96 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 13,57613.6k $114.3k $114.3k 0.00% Added +1.4k +1,406
97 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 12,09512.1k $102.0k $102.0k 0.00% Added +20 +20
98 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 11,88511.9k $100.2k $100.2k 0.00% Unchanged
99 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 11,38711.4k $96.0k $96.0k 0.00% Added +644 +644
100 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 11,31711.3k $95.4k $95.4k 0.00% Added +490 +490