Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
343 institutional managers reported holding VAL for the quarter ended Mar 31, 2026. Together they hold about 89% of shares outstanding; the top 10 hold 52%. 89 opened new positions; 81 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| BlackRock | 8.22M | 11.88% | $806.5M | added +5.5% | 2021 Q2 |
| Vanguard Group | 5.99M | 8.66% | $587.6M | added +2.7% | 2021 Q3 |
| OAK Hill Advisors LP (focused) | 4.79M | 6.92% | $469.9M | unchanged | 2021 Q2 |
| Lingotto Investment Management LLP (focused) | 3.71M | 5.36% | $363.5M | unchanged | 2021 Q2 |
| Dimensional Fund Advisors | 3.35M | 4.84% | $328.4M | added +3.5% | 2022 Q2 |
| State Street | 2.50M | 3.61% | $244.9M | unchanged | 2021 Q3 |
| Morgan Stanley | 2.08M | 3.01% | $204.0M | added +59.3% | 2021 Q2 |
| Goldman Sachs | 1.78M | 2.57% | $174.7M | added +183.5% | 2021 Q2 |
| American Century Companies INC | 1.68M | 2.42% | $164.5M | added +9.5% | 2022 Q1 |
| Geode Capital | 1.63M | 2.36% | $160.0M | added +3.2% | 2021 Q3 |
| Healthcare OF Ontario Pension Plan Trust Fund | 1.36M | 1.97% | $133.7M | added +67.8% | 2024 Q2 |
| Goehring & Rozencwajg Associates, LLC (focused) | 1.32M | 1.91% | $129.4M | added +24.2% | 2022 Q4 |
| Condire Management, LP (focused) | 1.16M | 1.67% | $113.6M | unchanged | 2021 Q3 |
| VAN ECK Associates CORP | 1.10M | 1.59% | $108.2M | added +33.6% | 2022 Q3 |
| Millennium Management | 963.6k | 1.39% | $94.5M | added +1683.5% | 2025 Q2 |
| Northern Trust | 801.0k | 1.16% | $78.5M | added +2.8% | 2021 Q3 |
| FIL LTD | 793.0k | 1.15% | $77.8M | trimmed -35% | 2023 Q2 |
| Antipodes Partners LTD | 771.0k | 1.11% | $75.6M | added +10.9% | 2024 Q4 |
| AQR Capital | 688.5k | 0.99% | $67.5M | added +558.6% | 2022 Q3 |
| UBS | 680.6k | 0.98% | $66.7M | trimmed -21.4% | 2021 Q2 |
| Charles Schwab Investment Management | 678.5k | 0.98% | $66.5M | trimmed -1.8% | 2021 Q3 |
| Whitebox Advisors LLC | 583.9k | 0.84% | $57.3M | opened | 2021 Q2 |
| Citigroup INC | 567.8k | 0.82% | $55.7M | added +955% | 2021 Q2 |
| Bank OF America CORP /DE/ | 537.4k | 0.78% | $52.7M | trimmed -12.8% | 2021 Q2 |
| Third Avenue Management LLC | 508.2k | 0.73% | $49.8M | trimmed -13% | 2021 Q3 |
| Hudson Bay Capital | 499.6k | 0.72% | $49.0M | opened | 2026 Q1 |
| Magnetar Financial LLC | 487.3k | 0.70% | $47.8M | added +5972.1% | 2025 Q3 |
| Invesco | 485.7k | 0.70% | $47.6M | trimmed -4.8% | 2021 Q2 |
| Alpine Associates Management INC. | 472.5k | 0.68% | $46.3M | opened | 2026 Q1 |
| Moerus Capital Management LLC (focused) | 464.0k | 0.67% | $45.5M | trimmed -23.7% | 2025 Q1 |
| BNY Mellon | 437.6k | 0.63% | $42.9M | trimmed -1.2% | 2021 Q2 |
| Balyasny Asset Management | 435.1k | 0.63% | $42.7M | opened | 2026 Q1 |
| SEI Investments CO | 399.8k | 0.58% | $39.2M | added +66.2% | 2025 Q2 |
| Voya Investment Management LLC | 393.5k | 0.57% | $38.6M | trimmed -45.4% | 2022 Q2 |
| D. E. Shaw | 336.2k | 0.49% | $33.0M | added +585.3% | 2024 Q3 |
| Hosking Partners LLP | 283.2k | 0.41% | $27.8M | trimmed -5.5% | 2022 Q2 |
| Mufg Bank, LTD. | 266.4k | 0.39% | $26.1M | opened | 2026 Q1 |
| Edmond DE Rothschild Holding S.a. | 250.0k | 0.36% | $24.5M | trimmed -39% | 2022 Q2 |
| Toronto Dominion Bank | 235.0k | 0.34% | $23.0M | added +1807692.3% | 2025 Q4 |
| Valueworks LLC (focused) | 219.1k | 0.32% | $21.5M | trimmed -53.7% | 2021 Q2 |
| Woodline Partners LP | 207.0k | 0.30% | $20.3M | opened | 2026 Q1 |
| Packer & CO LTD (focused) | 203.0k | 0.29% | $19.9M | unchanged | 2024 Q4 |
| Rhumbline Advisers | 194.7k | 0.28% | $19.1M | unchanged | 2022 Q2 |
| Principal Financial Group INC | 184.1k | 0.27% | $18.1M | added +31.4% | 2022 Q2 |
| Peak6 LLC | 182.4k | 0.26% | $17.9M | added +69.1% | 2025 Q2 |
| Sand Grove Capital Management LLP (focused) | 173.8k | 0.25% | $17.0M | opened | 2026 Q1 |
| Renaissance Technologies | 162.7k | 0.23% | $16.0M | trimmed -22.2% | 2024 Q4 |
| Squarepoint Ops LLC | 160.3k | 0.23% | $15.7M | added +2.2% | 2024 Q4 |
| Verition Fund Management | 156.9k | 0.23% | $15.4M | added +233.2% | 2022 Q2 |
| Deutsche Bank AG\ | 156.6k | 0.23% | $15.4M | trimmed -22.8% | 2021 Q2 |
Largest 50 of 343 shown; the full ranked, searchable register is at boothcheck.com/holders/VAL. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.