QUAD / GRAPHICS INC QUAD
COM CL A · Common Stock · CUSIP 747301109
Marketing solutions company
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 81 |
| Q4 2022 | 87 |
| Q1 2023 | 90 |
| Q2 2023 | 92 |
| Q3 2023 | 103 |
| Q4 2023 | 101 |
| Q1 2024 | 109 |
| Q2 2024 | 120 |
| Q3 2024 | 112 |
| Q4 2024 | 135 |
| Q1 2025 | 135 |
| Q2 2025 | 136 |
| Q3 2025 | 140 |
| Q4 2025 | 139 |
| Q1 2026 | 150 |
| Q2 2026 | 146 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 59 | 40 |
| Q4 2024 | 78 | 41 |
| Q1 2025 | 67 | 55 |
| Q2 2025 | 70 | 55 |
| Q3 2025 | 59 | 67 |
| Q4 2025 | 62 | 61 |
| Q1 2026 | 74 | 56 |
| Q2 2026 | 82 | 55 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $264.6k | $98.1k | 0.37 |
| Q4 2025 | $145.5k | $21.3k | 0.15 |
| Q1 2026 | $258.5k | $0 | 0.00 |
| Q2 2026 | $2.5k | $843 | 0.33 |
Biggest buyers
| BlackRock, Inc. | Added | +269.4k |
| LAZARD ASSET MANAGEMENT LLC | Added | +121.5k |
| PANAGORA ASSET MANAGEMENT INC | Added | +117.8k |
| AQR CAPITAL MANAGEMENT LLC | Added | +109.3k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | Added | +93.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +80.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +76.7k |
| DIMENSIONAL FUND ADVISORS LP | Added | +59.0k |
| MANGROVE PARTNERS IM, LLC | New | +43.3k |
| Inspire Investing, LLC | Added | +39.8k |
Biggest sellers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -142.4k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -127.1k |
| Miller Value Partners, LLC | Reduced | -112.7k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -83.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -80.4k |
| Invst, LLC | Reduced | -79.6k |
| Trexquant Investment LP | Reduced | -62.7k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -49.5k |
| D. E. Shaw & Co., Inc. | Reduced | -48.1k |
| MARSHALL WACE, LLP | Sold out | -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.
| Holder | Stake |
|---|---|
| Quad/Graphics, Inc. Voting Trust 13G · exempt (held before listing) filed 2025-02-13 | 24.0% |
| MILLER VALUE PARTNERS, LLC 13G · institution filed 2026-08-07 | 5.9% |
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
| Manager | Shares | Change |
|---|---|---|
| Miller Value Partners, LLC 5.06% of their portfolio | 2.5m $21.4m | Reduced -112.7k |
| BlackRock, Inc. 0.00% of their portfolio | 2.3m $19.3m | Added +269.4k |
| LSV ASSET MANAGEMENT 0.02% of their portfolio | 1.4m $11.6m | Added +39.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.3m $11.0m | Reduced -83.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.2m $10.1m | Added +59.0k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 1.1m $8.9m | Added +32.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 773.4k $6.5m | Added +80.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 672.9k $5.7m | Reduced -49.5k |
| STATE STREET CORP 0.00% of their portfolio | 637.5k $5.4m | Added +4.3k |
| GREAT VALLEY ADVISOR GROUP, INC. 0.08% of their portfolio | 622.3k $5.2m | Added +1.0k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio | 460.7k $3.9m | Added +93.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 416.0k $3.5m | Added +13.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 407.1k $3.4m | Reduced -48.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 318.0k $2.7m | Reduced -142.4k |
| HEARTLAND ADVISORS INC 0.11% of their portfolio | 300.0k $2.5m | Unchanged |
| Inspire Investing, LLC 0.10% of their portfolio | 292.7k $2.5m | Added +39.8k |
| SEGALL BRYANT & HAMILL, LLC 0.03% of their portfolio | 289.7k $2.4m | Reduced -20.5k |
| RITHOLTZ WEALTH MANAGEMENT 0.04% of their portfolio | 287.9k $2.4m | Added +20.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 287.0k $2.4m | Added +76.7k |
| ZACKS INVESTMENT MANAGEMENT 0.02% of their portfolio | 273.1k $2.3m | Added +22.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 246.0k $2.1m | Reduced -25.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 241.6k $2.0m | Added +16.9k |
| Invst, LLC 0.20% of their portfolio | 238.9k $2.0m | Reduced -79.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 229.5k $1.9m | Added +109.3k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 216.5k $1.8m | Added +12.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 198.1k $1.7m | Reduced -37.0k |
| Hillsdale Investment Management Inc. 0.03% of their portfolio | 168.6k $1.4m | Added +16.3k |
| HighTower Advisors, LLC 0.00% of their portfolio | 167.1k $1.4m | Reduced -45.6k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 164.7k $1.4m | Reduced -127.1k |
| MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio | 162.8k $1.4m | Added +20.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 156.0k $1.3m | Reduced -6.2k |
| PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio | 152.7k $1.3m | Added +117.8k |
| MORGAN STANLEY 0.00% of their portfolio | 142.0k $1.2m | Added +1.5k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 139.5k $1.2m | Added +121.5k |
| Nuveen, LLC 0.00% of their portfolio | 127.9k $1.1m | Added +11.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 109.4k $921.9k | Added +2 |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 107.0k $902.0k | Added +3.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 102.9k $867.8k | Reduced -80.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 102.0k $859.9k | Added +23.8k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 96.3k $812.0k | Added +1.3k |
| Campbell & CO Investment Adviser LLC 0.04% of their portfolio | 86.8k $731.6k | Added +11.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 83.8k $706.8k | Added +14.1k |
| Crescent Grove Advisors, LLC 0.06% of their portfolio | 83.0k $699.6k | Added +2.5k |
| PFG Investments, LLC 0.03% of their portfolio | 82.6k $696.7k | Reduced -10.0k |
| STRS OHIO 0.00% of their portfolio | 82.2k $692.9k | Reduced -1.8k |
| XTX Topco Ltd 0.01% of their portfolio | 74.0k $624.2k | Added +15.5k |
| Empowered Funds, LLC 0.00% of their portfolio | 72.2k $608.4k | Reduced -25.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 66.4k $559.5k | Reduced -3.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 60.6k $510.9k | Added +9.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 57.8k $487.3k | Added +29.9k |
| Trexquant Investment LP 0.00% of their portfolio | 54.1k $456.0k | Reduced -62.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 51.8k $436.4k | Added +16.1k |
| Invesco Ltd. 0.00% of their portfolio | 51.0k $430.2k | Reduced -11.4k |
| Wealth Architects, LLC 0.03% of their portfolio | 50.2k $423.4k | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 49.4k $416.5k | Added +2.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 46.0k $388.0k | Unchanged |
| MANGROVE PARTNERS IM, LLC 0.02% of their portfolio | 43.3k $365.1k | New |
| D'Orazio & Associates, Inc. 0.04% of their portfolio | 41.9k $352.9k | Added +7.5k |
| Cetera Investment Advisers 0.00% of their portfolio | 41.1k $346.5k | Reduced -5.3k |
| BAILARD, INC. 0.01% of their portfolio | 41.0k $345.6k | Reduced -2.5k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 40.3k $339.4k | Reduced -67 |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 39.9k $336.6k | Reduced -32.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 38.1k $321.2k | Unchanged |
| Man Group plc 0.00% of their portfolio | 33.1k $279.1k | Added +8.3k |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 32.6k $274.5k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 32.3k $272.7k | Added +19.9k |
| HARBOR CAPITAL ADVISORS, INC. 0.02% of their portfolio | 32.0k $270.0k | Reduced -681 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 30.6k $257.6k | Unchanged |
| Bristlecone Value Partners, LLC 0.20% of their portfolio | 30.0k $252.9k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 29.9k $252.3k | Added +12.4k |
| Baron Wealth Management LLC 0.05% of their portfolio | 25.0k $210.5k | Added +3.1k |
| Vise Technologies, Inc. 0.00% of their portfolio | 24.5k $206.7k | Added +6.0k |
| FMR LLC 0.00% of their portfolio | 22.5k $189.4k | Reduced -24 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 22.2k $146.7k | Added +5.2k |
| UBS Group AG 0.00% of their portfolio | 21.7k $182.8k | Added +10.6k |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 21.7k $182.7k | Added +5.1k |
| Focus Partners Wealth 0.00% of their portfolio | 21.2k $179.1k | Added +110 |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio | 21.0k $177.3k | Added +6.5k |
| Metis Global Partners, LLC 0.00% of their portfolio | 20.6k $173.7k | Unchanged |
| HB Wealth Management, LLC 0.00% of their portfolio | 20.0k $168.2k | Added +829 |
| LPL Financial LLC 0.00% of their portfolio | 19.9k $168.0k | New |
| Independent Advisor Alliance 0.00% of their portfolio | 19.4k $163.5k | Added +1.7k |
| Kathmere Capital Management, LLC 0.01% of their portfolio | 19.3k $162.9k | Reduced -559 |
| Baird Financial Group, Inc. 0.00% of their portfolio | 17.6k $148.8k | Reduced -3.3k |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 17.5k $147.6k | Reduced -982 |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 17.2k $145.0k | New |
| Engineers Gate Manager LP 0.00% of their portfolio | 17.0k $143.4k | Reduced -22.2k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 16.2k $136.7k | Added +4.8k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 15.0k $126.5k | Unchanged |
| Alta Wealth Advisors LLC 0.03% of their portfolio | 14.9k $125.8k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 14.0k $117.9k | Added +12.6k |
| Creative Planning 0.00% of their portfolio | 13.9k $117.5k | Added +1.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 13.8k $116.6k | Added +113 |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 13.8k $115.9k | Added +1.1k |
| Mariner, LLC 0.00% of their portfolio | 13.6k $114.9k | Added +1.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 13.6k $114.3k | Added +1.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 12.1k $102.0k | Added +20 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 11.9k $100.2k | Unchanged |
| Quadrature Capital Ltd 0.00% of their portfolio | 11.4k $96.0k | Added +644 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 11.3k $95.4k | Added +490 |