AEIS Advanced Energy Industries, Inc. - Common Stock

NASDAQ · Electrical Equipment · View on SEC EDGAR ↗
$320.25
Price · Aug 18, 2026
Fundamentals as of Aug 3, 2026

AEIS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$320.25
Market Cap
$12.17B
P/E (TTM)
83.8
EPS (TTM)
$3.84
Revenue (TTM)
$1.80B
Div Yield
0.13%
ROE
11.3%
Debt/Equity
0.4
52W Range
$144 – $397

AEIS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.80B
9-point trend, +168.1%
2017-12-31 2025-12-31
EPS $3.84
9-point trend, +12.0%
2017-12-31 2025-12-31
Free Cash Flow $126M
9-point trend, -27.5%
2017-12-31 2025-12-31
Margins 8.2%
9-point trend, -52.1%
2017-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
AEIS
Peer Median
P/E (TTM)
5-point trend, +110.2%
83.8
33.5
P/S (TTM)
5-point trend, +87.1%
6.8
4.9
P/B
5-point trend, +47.7%
8.9
3.8
EV / EBITDA
5-point trend, +109.3%
51.9
Price / FCF
5-point trend, +99.0%
96.7

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
AEIS
Peer Median
Gross Margin
5-point trend, +3.0%
37.7%
45.8%
Operating Margin
5-point trend, -10.4%
9.3%
Net Profit Margin
5-point trend, -10.8%
8.2%
12.8%
ROA
5-point trend, -20.7%
6.2%
6.9%
ROE
5-point trend, -29.1%
11.3%
13.0%
ROIC
5-point trend, -29.2%
7.7%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
AEIS
Peer Median
Debt / Equity
5-point trend, -7.7%
0.4
Current Ratio
5-point trend, -49.4%
1.6
2.2
Quick Ratio
5-point trend, -23.7%
1.1

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
AEIS
Peer Median
Revenue YoY
5-point trend, +23.5%
21.4%
Revenue CAGR 3Y
5-point trend, +23.5%
-0.85%
Revenue CAGR 5Y
5-point trend, +23.5%
4.9%
EPS YoY
5-point trend, +9.4%
168.5%
Net Income YoY
5-point trend, +10.1%
173.8%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
AEIS
Peer Median
EPS (Diluted)
5-point trend, +9.4%
$3.84

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
AEIS
Peer Median
Payout Ratio
5-point trend, -8.0%
10.5%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.13%
Payout Ratio
10.5%
5Y Div CAGR
Ex-dateAmount
May 22, 2026$0.1000
Feb. 23, 2026$0.1000
Nov. 24, 2025$0.1000
Aug. 25, 2025$0.1000
May 23, 2025$0.1000
Feb. 24, 2025$0.1000
Nov. 25, 2024$0.1000
Aug. 26, 2024$0.1000
May 23, 2024$0.1000
Feb. 15, 2024$0.1000
Nov. 17, 2023$0.1000
Aug. 18, 2023$0.1000
May 19, 2023$0.1000
Feb. 16, 2023$0.1000
Nov. 18, 2022$0.1000
Aug. 19, 2022$0.1000
May 20, 2022$0.1000
Feb. 17, 2022$0.1000
Nov. 19, 2021$0.1000
Aug. 20, 2021$0.1000

AEIS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 20 analysts
  • Strong Buy 6 30.0%
  • Buy 10 50.0%
  • Hold 4 20.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

12 analysts · 2026-08-17
Median target $412.50 +28.8%
Mean target $429.08 +34.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.21%
Period EPS Actual EPS Est Surprise
June 30, 2026 $2.74 $2.24 0.50%
March 31, 2026 $2.09 $2.02 0.07%
Dec. 31, 2025 $1.94 $1.80 0.14%
Sept. 30, 2025 $1.74 $1.50 0.24%
June 30, 2025 $1.50 $1.33 0.17%
March 31, 2025 $1.23 $1.08 0.15%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
AEIS $7.91B 54.5 21.4% 8.2% 11.3% 37.7%
KEYS $36.97B 37.3 8.0% 15.8% 15.5%
TDY $23.89B 27.4 7.9% 14.6% 8.6%
ZBRA $12.04B 29.7 8.3% 7.8% 11.6% 48.0%
CGNX $6.01B 52.9 8.7% 11.5% 7.6% 66.9%
RAL $5.75B -4.7 -4.0% -59.1% -52.3% 50.3%
NOVT $4.24B 80.9 3.3% 5.5% 5.2% 44.4%
VNT $5.29B 13.5 3.2% 13.2% 35.4%
ITRI $4.17B 14.3 -3.0% 12.7% 19.4% 37.7%
MIR 212.9 7.5% 3.1% 1.7% 47.4%
OSIS $3.78B 25.8 11.3% 8.7% 16.8% 34.3%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 18
Annual Income Statement data for AEIS
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +679.2% $1.80B $1.48B $1.66B $1.85B $1.46B $1.42B $789M $719M $671M $484M $268M $231M
Cost of Revenue 12-point trend, +525.5% $1.12B $953M $1.06B $1.17B $924M $874M $473M $353M $315M $231M $198M $179M
Gross Profit 12-point trend, +260.2% $677M $529M $592M $676M $532M $542M $316M $366M $356M $253M $217M $188M
R&D Expense 12-point trend, +529.6% $232M $212M $202M $191M $162M $144M $102M $76M $58M $44M $40M $37M
SG&A Expense 12-point trend, +314.0% $242M $225M $221M $218M $192M $189M $143M $108M $93M $78M $66M $59M
Operating Expenses 12-point trend, +399.6% $509M $493M $479M $442M $381M $366M $261M $194M $156M $126M $110M $102M
Operating Income 12-point trend, +95.1% $168M $37M $114M $233M $152M $176M $54M $172M $201M $127M $107M $86M
Interest Expense 7-point trend, +25203.0% $17M $25M $17M $7M $4M · · $228.0K $66.0K · · ·
Interest Income 5-point trend, +5759.0% $27M $43M $27M $4M $454.0K · · · · · · ·
Other Non-op 12-point trend, -10597.7% $-9M $-2M $-2M $12M $152.0K $-18M $13M $823.0K $-3M $1M $-1M $-86.0K
Pretax Income 12-point trend, +96.2% $169M $52M $122M $242M $149M $158M $67M $172M $198M $128M $105M $86M
Income Tax 12-point trend, +17.5% $19M $-4M $-8M $40M $14M $23M $11M $25M $62M $11M $22M $17M
Net Income 12-point trend, +215.9% $148M $54M $128M $200M $135M $135M $65M $147M $138M $127M $-158M $47M
EPS (Basic) 12-point trend, +240.5% $3.95 $1.45 $3.42 $5.33 $3.53 $3.52 $1.70 $3.76 $3.47 $3.21 $-3.89 $1.16
EPS (Diluted) 12-point trend, +236.8% $3.84 $1.43 $3.40 $5.29 $3.51 $3.50 $1.69 $3.74 $3.43 $3.18 $-3.89 $1.14
Shares (Basic) 12-point trend, -7.0% 37,600,000 37,500,000 37,500,000 37,463,000 38,143,000 38,314,000 38,281,000 39,081,000 39,754,000 39,720,000 40,746,000 40,420,000
Shares (Diluted) 12-point trend, -5.9% 38,600,000 37,800,000 37,800,000 37,721,000 38,355,000 38,542,000 38,495,000 39,352,000 40,176,000 40,031,000 41,077,000 41,034,000
EBITDA 12-point trend, +274.9% $230M $105M $180M $293M $205M $224M $81M $185M $210M $135M $115M $61M
Balance Sheet 27
Annual Balance Sheet data for AEIS
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +551.7% $791M $722M $1.04B $459M $544M $480M $346M $349M $407M $282M $158M $121M
Short-term Investments 5-point trend, -26.0% · · · · $2M $3M $3M $2M $3M · · ·
Receivables 7-point trend, +311.4% $325M $265M $282M $301M · · · · · $76M $55M $79M
Inventory 12-point trend, +792.1% $411M $360M $336M $376M $338M $221M $230M $98M $78M $56M $53M $46M
Other Current Assets 12-point trend, +653.3% $46M $42M $49M $53M $42M $36M $37M $10M $8M $9M $8M $6M
Current Assets 12-point trend, +317.8% $1.57B $1.39B $1.71B $1.19B $1.16B $980M $867M $568M $595M $438M $322M $377M
PP&E (Net) 12-point trend, +2695.4% $273M $186M $168M $148M $115M $115M $108M $31M $18M $13M $10M $10M
PP&E (Gross) 12-point trend, +650.4% $497M $387M $337M $283M $222M $195M $186M $92M $85M $77M $69M $66M
Accum. Depreciation 12-point trend, +296.7% $224M $201M $169M $135M $108M $80M $78M $61M $67M $63M $59M $56M
Goodwill 12-point trend, +585.6% $301M $296M $284M $281M $212M $210M $203M $102M $54M $42M $43M $44M
Intangibles 12-point trend, +192.0% $118M $139M $161M $190M $159M $169M $184M $55M $33M $28M $34M $40M
Total Assets 12-point trend, +271.9% $2.55B $2.26B $2.56B $1.99B $1.82B $1.65B $1.53B $816M $733M $572M $463M $685M
Accounts Payable 12-point trend, +813.2% $224M $144M $142M $170M $194M $125M $171M $40M $48M $46M $27M $25M
Short-term Debt · · · · · · · · · · · $0
Current Liabilities 12-point trend, +780.5% $991M $314M $336M $393M $370M $296M $320M $110M $106M $95M $104M $113M
Capital Leases 8-point trend, +95700000.00 $96M $89M $89M $94M $95M $96M $91M $0 · · · ·
Deferred Tax 8-point trend, +589.4% · · · · $10M $10M $10M $7M $5M $1M $1M $1M
Other Non-current Liabilities 12-point trend, +67.7% $39M $38M $43M $41M $40M $25M $21M $18M $36M $21M $19M $23M
Total Liabilities 12-point trend, +460.7% $1.18B $1.06B $1.41B $926M $946M $832M $855M $209M $213M $179M $199M $210M
Long-term Debt 7-point trend, +67.4% $568M $565M $916M $373M $393M $322M $339M · · · · ·
Total Debt 8-point trend, +567500000.00 $568M $565M $916M $373M $393M $322M $339M · · · · $0
Paid-in Capital 12-point trend, -3.0% $231M $189M $148M $135M $116M $105M $105M $97M $185M $204M $195M $238M
Retained Earnings 12-point trend, +398.5% $1.13B $1.03B $990M $915M $756M $712M $578M $513M $333M $195M $68M $226M
AOCI 12-point trend, -42.5% $6M $-12M $6M $16M $-1M $-3M $-6M $-3M $3M $-7M $534.0K $11M
Stockholders' Equity 12-point trend, +186.9% $1.36B $1.20B $1.14B $1.07B $871M $815M $677M $607M $521M $392M $264M $475M
Liabilities + Equity 12-point trend, +271.9% $2.55B $2.26B $2.56B $1.99B $1.82B $1.65B $1.53B $816M $733M $572M $463M $685M
Shares Outstanding 12-point trend, -6.9% 37,800,000 37,700,000 37,300,000 37,400,000 37,589,000 38,293,000 38,358,000 38,164,000 39,604,000 39,712,000 39,756,000 40,613,000
Cash Flow 19
Annual Cash Flow data for AEIS
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +492.7% $62M $68M $66M $60M $53M $48M $26M $14M $9M $8M $9M $10M
Stock-based Comp 12-point trend, +1400.5% $56M $46M $31M $20M $16M $12M $7M $10M $13M $6M $3M $4M
Deferred Tax 11-point trend, -240.1% $-14M $-20M $-34M $-6M $1M $-622.0K $1M $10M $25M $5M $10M ·
Amort. of Intangibles 12-point trend, +342.2% $22M $26M $28M $26M $22M $20M $12M $6M $4M $4M $4M $5M
Restructuring 12-point trend, +318.0% $6M $28M $25M $7M $5M $13M $5M $4M $0 $0 $198.0K $2M
Other Non-cash 12-point trend, -805.8% $-19M $-17M $17M $-90M $-64M $7M $-51M $-29M $-2M $-22M $252M $3M
Operating Cash Flow 12-point trend, +202.4% $233M $131M $209M $184M $140M $201M $48M $151M $183M $119M $105M $77M
CapEx 12-point trend, +3013.9% $107M $57M $61M $59M $29M $36M $25M $20M $9M $7M $4M $3M
Investing Cash Flow 12-point trend, -99.7% $-110M $-74M $-65M $-208M $-47M $-43M $-394M $-114M $-28M $300.0K $-13M $-55M
Debt Issued 2-point trend, -75.5% · · · · $85M · $347M · · · · ·
Net Debt Issued · · · · $85M · · · · · · ·
Stock Repurchased 11-point trend, +20.8% $30M $2M $40M $27M $78M $12M · $95M $30M $0 $50M $25M
Net Stock Activity 11-point trend, -20.8% $-30M $-2M $-40M $-27M $-78M $-12M · $-95M $-30M $0 $-50M $-25M
Dividends Paid 5-point trend, +1.4% $16M $15M $15M $15M $15M · · · · · · ·
Financing Cash Flow 12-point trend, -64.7% $-56M $-377M $446M $-62M $-25M $-30M $339M $-97M $-31M $2M $-46M $-34M
Net Change in Cash 12-point trend, +638.2% $69M $-322M $586M $-86M $64M $134M $-8M $-60M $126M $120M $44M $-13M
Taxes Paid $-21M · · · · · · · · · · ·
Free Cash Flow 12-point trend, +81.2% $126M $74M $148M $125M $108M $165M $23M $131M $174M $112M $101M $69M
Levered FCF 4-point trend, -15.0% $111M $47M $130M · · · · $131M · · · ·
Profitability 8
Annual Profitability data for AEIS
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 12-point trend, -28.2% 37.7% 35.7% 35.8% 36.6% 36.6% 38.3% 40.0% 50.9% 78.6% 77.3% 80.8% 52.5%
Operating Margin 12-point trend, -14.5% 9.3% 2.5% 6.9% 12.6% 10.4% 12.4% 6.9% 23.9% 44.3% 38.8% 39.8% 10.9%
Net Margin 12-point trend, -35.0% 8.2% 3.7% 7.8% 10.8% 9.2% 9.5% 8.2% 20.4% 30.4% 38.9% -59.1% 12.7%
Pretax Margin 12-point trend, -12.6% 9.4% 3.5% 7.4% 13.1% 10.2% 11.2% 8.5% 24.0% 43.7% 39.1% 39.3% 10.7%
EBITDA Margin 12-point trend, -22.9% 12.8% 7.1% 10.9% 15.9% 14.1% 15.8% 10.2% 25.8% 46.4% 41.1% 43.0% 16.6%
ROA 11-point trend, -12.2% 6.2% 2.2% 5.6% 10.5% 7.8% 8.5% 5.5% 18.6% · 24.6% -27.6% 7.0%
ROE 11-point trend, +13.3% 11.3% 4.6% 11.4% 20.6% 16.0% 18.1% 10.1% 26.1% · 38.9% -42.9% 10.0%
ROIC 11-point trend, -23.6% 7.7% 2.2% 5.9% 13.5% 10.9% 13.2% 4.5% 24.1% · 29.5% 32.0% 10.1%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for AEIS
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 11-point trend, -52.6% 1.6 4.4 5.1 3.0 3.1 3.3 2.7 5.2 · 4.6 3.3 3.3
Quick Ratio 11-point trend, -49.2% 1.1 3.1 4.0 1.2 1.5 1.6 1.1 3.2 · 3.8 2.1 2.2
Debt / Equity 8-point trend, +0.42 0.4 0.5 0.8 0.4 0.5 0.4 0.5 · · · · 0.0
LT Debt / Equity 6-point trend, -1.2% · 0.5 0.8 0.3 0.4 0.4 0.5 · · · · ·
Interest Coverage 4-point trend, -98.7% 10.1 1.5 6.9 · · · · 752.4 · · · ·
Efficiency 3
Annual Efficiency data for AEIS
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, +35.3% 0.7 0.6 0.7 1.0 0.8 0.9 0.7 0.9 · 0.6 0.5 0.6
Inventory Turnover 11-point trend, -23.5% 2.9 2.7 3.0 3.3 3.3 3.9 2.9 4.1 · 4.3 4.0 3.8
Receivables Turnover 6-point trend, +105.8% 6.1 5.4 5.7 · · · · · · 5.0 4.0 3.0
Per Share 6
Annual Per Share data for AEIS
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 11-point trend, +208.3% $36.05 $31.91 $30.66 $28.49 $23.17 $21.28 $17.64 $15.90 · $9.87 $6.63 $11.69
Revenue / Share 12-point trend, +417.0% $46.60 $39.17 $43.86 $48.92 $37.96 $36.73 $20.49 $18.27 $11.28 $8.18 $6.53 $9.01
Cash Flow / Share 12-point trend, +228.1% $6.04 $3.46 $5.53 $4.87 $3.66 $5.22 $1.26 $3.84 $4.55 $2.98 $2.55 $1.84
Cash / Share 11-point trend, +578.5% $20.93 $19.15 $27.99 $12.26 $14.48 $12.54 $9.03 $9.15 · $7.10 $3.99 $3.08
Dividend / Share Flat — no change across 5 periods $0 $0 $0 $0 $0 · · · · · · ·
EPS (TTM) 12-point trend, +236.8% $3.84 $1.43 $3.40 $5.29 $3.51 $3.50 $1.69 $3.74 $3.43 $3.18 $-3.89 $1.14
Growth Rates 9
Annual Growth Rates data for AEIS
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +655.5% 21.4% -10.5% -10.3% 26.8% 2.8% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -115.9% -0.85% 0.59% 5.4% · · · · · · · · ·
Revenue CAGR 5Y 4.9% · · · · · · · · · · ·
EPS YoY 5-point trend, +58013.8% 168.5% -57.9% -35.7% 50.7% 0.29% · · · · · · ·
EPS CAGR 3Y 3-point trend, -955.2% -10.1% -25.9% -0.96% · · · · · · · · ·
EPS CAGR 5Y 1.9% · · · · · · · · · · ·
Net Income YoY 5-point trend, +347500.0% 173.8% -57.8% -35.7% 48.2% 0.05% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -488.8% -9.4% -26.2% -1.6% · · · · · · · · ·
Net Income CAGR 5Y 2.0% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for AEIS
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +679.2% $1.80B $1.48B $1.66B $1.85B $1.46B $1.42B $789M $719M $671M $484M $268M $231M
Net Income TTM 12-point trend, +215.9% $148M $54M $128M $200M $135M $135M $65M $147M $138M $127M $-158M $47M
Market Cap 11-point trend, +722.2% $7.91B $4.36B $4.06B $3.21B $3.42B $3.71B $2.73B $1.64B · $2.17B $1.12B $963M
Enterprise Value 8-point trend, +818.5% $7.69B $4.20B $3.94B $3.13B $3.27B $3.55B $2.72B · · · · $837M
P/E 12-point trend, +162.3% 54.5 80.9 32.0 16.2 25.9 27.7 42.1 11.5 19.7 17.2 -7.3 20.8
P/S 11-point trend, +5.5% 4.4 2.9 2.5 1.7 2.4 2.6 3.5 2.3 · 4.5 4.2 4.2
P/B 11-point trend, +186.6% 5.8 3.6 3.6 3.0 3.9 4.6 4.0 2.7 · 5.5 4.3 2.0
P / Tangible Book 6-point trend, -1.6% 8.4 5.7 5.8 5.4 6.9 8.5 · · · · · ·
P / Cash Flow 11-point trend, +166.4% 33.9 33.4 19.5 17.5 24.4 18.5 56.4 10.8 · 18.2 10.7 12.7
P / FCF 11-point trend, +353.8% 62.9 59.0 27.5 25.7 31.6 22.5 117.7 12.5 · 19.3 11.1 13.9
EV / EBITDA 8-point trend, +145.0% 33.4 40.0 21.8 10.7 16.0 15.9 33.8 · · · · 13.6
EV / FCF 8-point trend, +406.9% 61.1 56.8 26.6 25.1 30.2 21.6 117.3 · · · · 12.1
EV / Revenue 8-point trend, +17.9% 4.3 2.8 2.4 1.7 2.2 2.5 3.4 · · · · 3.6
Dividend Yield 5-point trend, -55.6% 0.20% 0.35% 0.37% 0.47% 0.45% · · · · · · ·
Earnings Yield 12-point trend, -62.0% 1.8% 1.2% 3.1% 6.2% 3.9% 3.6% 2.4% 8.7% 5.1% 5.8% -13.8% 4.8%
Payout Ratio 5-point trend, -8.0% 10.5% 28.3% 11.9% 7.6% 11.4% · · · · · · ·
Annual Payout 5-point trend, +1.4% $16M $15M $15M $15M $15M · · · · · · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $1.80B$1.48B$1.66B$1.85B$1.46B
Gross Margin % 37.7%35.7%35.8%36.6%36.6%
Operating Margin % 9.3%2.5%6.9%12.6%10.4%
Net Income $148M$54M$128M$200M$135M
Diluted EPS $3.84$1.43$3.40$5.29$3.51
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.40.50.80.40.5
Current Ratio 1.64.45.13.03.1
Quick Ratio 1.13.14.01.21.5
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $126M$74M$148M$125M$108M

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Institutional owners (13F) 721 filers · $10.6B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
181 (+9 vs prior Q) 68 (+30 vs prior Q) 206 (+51 vs prior Q) 216 (+12 vs prior Q) +4.9M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $925,660,782 4,421,172 8.73% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $799,305,758 2,143,658 7.54% Shares
VANGUARD CAPITAL MANAGEMENT LLC $639,108,875 1,714,026 6.03% Shares
AMERIPRISE FINANCIAL INC $533,061,113 1,429,957 5.03% Shares
STATE STREET CORP $474,356,148 1,272,597 4.47% Shares
FMR LLC $371,793,904 997,114 3.51% Shares
EARNEST PARTNERS LLC $355,815,672 954,262 3.36% Shares
GEODE CAPITAL MANAGEMENT, LLC $296,795,860 792,812 2.80% Shares
DIMENSIONAL FUND ADVISORS LP $226,694,768 607,972 2.14% Shares
D. E. Shaw & Co., Inc. $217,278,061 582,718 2.05% Shares
NORGES BANK $181,431,830 486,582 1.71% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $166,161,685 445,629 1.57% Shares
WELLINGTON MANAGEMENT GROUP LLP $155,740,714 417,681 1.47% Shares
NEUBERGER BERMAN GROUP LLC $146,860,078 393,864 1.38% Shares
MILLENNIUM MANAGEMENT LLC $142,339,394 381,740 1.34% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $138,111,421 370,401 1.30% Shares
Qube Research & Technologies Ltd $126,813,833 340,102 1.20% Shares
Analog Century Management LP $124,145,202 332,945 1.17% Shares
JANE STREET GROUP, LLC $123,253,297 330,553 1.16% Shares
Fisher Asset Management, LLC $113,528,105 304,471 1.07% Shares
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $103,240,991 276,882 0.97% Shares
SNYDER CAPITAL MANAGEMENT L P $95,758,236 256,814 0.90% Shares
ALLIANCEBERNSTEIN L.P. $91,644,154 283,983 0.86% Shares
VANGUARD FIDUCIARY TRUST CO $91,423,995 245,190 0.86% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $89,948,176 241,232 0.85% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $89,803,875 240,845 0.85% Shares
LOOMIS SAYLES & CO L P $88,642,385 237,730 0.84% Shares
FIRST TRUST ADVISORS LP $87,771,495 235,394 0.83% Shares
BNP PARIBAS FINANCIAL MARKETS $83,895,750 2,250 0.79% Call option
SILVERCREST ASSET MANAGEMENT GROUP LLC $77,303,600 207,316 0.73% Shares
LOS ANGELES CAPITAL MANAGEMENT LLC $70,881,469 190,097 0.67% Shares
JANE STREET GROUP, LLC $70,248,708 188,400 0.66% Put option
Driehaus Capital Management LLC $68,964,917 184,957 0.65% Shares
CITADEL ADVISORS LLC $66,657,224 178,768 0.63% Shares
ENVESTNET ASSET MANAGEMENT INC $61,226,686 164,207 0.58% Shares
NEW YORK STATE COMMON RETIREMENT FUND $59,127,487 158,574 0.56% Shares
JANE STREET GROUP, LLC $58,316,868 156,400 0.55% Call option
TD Asset Management Inc $57,964,506 155,455 0.55% Shares
CONGRESS ASSET MANAGEMENT CO $56,120,842 150,510 0.53% Shares
MARSHALL WACE, LLP $54,490,103 146,137 0.51% Shares
SORA INVESTORS LLC $52,188,004 139,963 0.49% Shares
BAMCO INC /NY/ $51,965,773 139,367 0.49% Shares
Munro Partners $50,356,466 135,051 0.47% Shares
TUDOR INVESTMENT CORP ET AL $47,049,482 126,182 0.44% Shares
BlackRock, Inc. $44,387,936 119,044 0.42% Shares
Artemis Investment Management LLP $44,330,141 118,889 0.42% Shares
GOLDMAN SACHS GROUP INC $44,051,235 118,141 0.42% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $40,708,000 109,174 0.38% Shares
Hardman Johnston Global Advisors LLC $40,602,933 108,893 0.38% Shares
RHUMBLINE ADVISERS $40,486,156 108,580 0.38% Shares
CITIGROUP INC $38,930,611 104,408 0.37% Shares
Squarepoint Ops LLC $38,565,571 103,429 0.36% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $37,809,018 101,400 0.36% Put option
BANK OF AMERICA CORP /DE/ $37,234,426 99,859 0.35% Shares
RENAISSANCE TECHNOLOGIES LLC $36,750,813 98,562 0.35% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $35,161,641 94,300 0.33% Call option
Freestone Grove Partners LP $32,519,111 87,213 0.31% Shares
CI INVESTMENTS INC. $32,112,310 86,122 0.30% Shares
Connor, Clark & Lunn Investment Management Ltd. $31,827,065 85,357 0.30% Shares
Amanah Holdings Trust $31,693,950 85,000 0.30% Shares
FULLER & THALER ASSET MANAGEMENT, INC. $31,076,650 83,344 0.29% Shares
WCM INVESTMENT MANAGEMENT, LLC $28,726,553 82,512 0.27% Shares
Swiss National Bank $28,457,438 76,320 0.27% Shares
CITADEL ADVISORS LLC $28,039,824 75,200 0.26% Put option
California Public Employees Retirement System $28,016,333 75,137 0.26% Shares
DENDUR CAPITAL LP $27,965,250 75,000 0.26% Shares
TWO SIGMA INVESTMENTS, LP $27,641,226 74,131 0.26% Shares
PINNACLE ASSOCIATES LTD $27,559,488 73,912 0.26% Shares
MetLife Investment Management, LLC $27,395,132 73,471 0.26% Shares
KENNEDY CAPITAL MANAGEMENT LLC $27,157,986 72,835 0.26% Shares
Ceredex Value Advisors LLC $26,613,596 71,375 0.25% Shares
THAMES CAPITAL MANAGEMENT LLC $26,182,931 70,220 0.25% Shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ $26,123,272 70,060 0.25% Shares
Retirement Systems of Alabama $25,317,873 67,900 0.24% Shares
BARCLAYS PLC $24,638,131 66,077 0.23% Shares
Aperture Investors, LLC $24,461,018 65,602 0.23% Shares
RAYMOND JAMES FINANCIAL INC $24,262,543 65,070 0.23% Shares
Troluce Capital Advisors LLC $24,236,550 65,000 0.23% Shares
SEGALL BRYANT & HAMILL, LLC $23,892,391 64,077 0.23% Shares
BNP PARIBAS FINANCIAL MARKETS $23,594,468 63,278 0.22% Shares
PDT Partners, LLC $23,188,040 62,188 0.22% Shares
CITADEL ADVISORS LLC $23,155,227 62,100 0.22% Call option
Public Sector Pension Investment Board $23,138,821 62,056 0.22% Shares
Tributary Capital Management, LLC $21,827,816 58,540 0.21% Shares
CANADA PENSION PLAN INVESTMENT BOARD $21,566,801 57,840 0.20% Shares
STEELHEAD PARTNERS LLC $20,572,729 55,174 0.19% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $20,547,374 55,106 0.19% Shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC $20,507,850 55,000 0.19% Shares
PEREGRINE CAPITAL MANAGEMENT LLC $20,273,315 54,371 0.19% Shares
G2 Investment Partners Management LLC $19,762,110 53,000 0.19% Shares
Aristotle Capital Boston, LLC $18,960,868 50,851 0.18% Shares
Alberta Investment Management Corp $18,904,509 50,700 0.18% Shares
LAZARD ASSET MANAGEMENT LLC $18,726,277 50,222 0.18% Shares
E20 Capital Ltd $18,662,516 50,051 0.18% Shares
OBERWEIS ASSET MANAGEMENT INC/ $18,428,354 49,423 0.17% Shares
Dana Investment Advisors, Inc. $17,788,136 47,706 0.17% Shares
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC $17,521,161 46,990 0.17% Shares
Weiss Asset Management LP $17,491,705 46,911 0.16% Shares
LPL Financial LLC $17,089,047 45,831 0.16% Shares
Nicholas Investment Partners, LP $17,031,583 45,677 0.16% Shares

Company insiders 56 insiders · 18 officers · 18 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Stephen Douglas Kelley President and CEO Feb. 18, 2026 M 124,152 0 0 $0
Yuval Wasserman President & CEO Feb. 24, 2021 F 159,193 0 0 $0
Garry W Rogerson CEO Aug. 15, 2014 F 48,944 0 0 $0
Hans Georg Betz DR CEO July 21, 2011 F 74,083 0 0 $0
Paul R Oldham EVP, CFO Feb. 25, 2026 I 24,792 0 1 $-1,660,221
Thomas Liguori EVP, CFO Sept. 11, 2017 S 36,659 0 0 $0
Danny C Herron Executive VP & CFO Feb. 18, 2015 M 2,790 0 0 $0
Lawrence Firestone Executive VP & CFO July 21, 2010 F 13,048 0 0 $0
Neil David Brinker President & COO July 17, 2020 F 25,144 0 0 $0
BKB G2 Investments, LLC President SEBU Jan. 3, 2012 A 15,849 0 0 $0
Eduardo Bernal Acebedo EVP and COO Feb. 18, 2026 M 33,569 0 0 $0
Elizabeth Karpinski Vonne EVP, General Counsel Feb. 23, 2026 S 11,683 0 1 $-316,597
John Donaghey EVP, Global Sales Feb. 18, 2026 M 15,346 0 0 $0
Bernard Raymond Colpitts JR SVP, Chief Accounting Officer Nov. 18, 2025 S 1,647 0 1 $-473,746
Thomas O Mcgimpsey EVP & General Counsel March 16, 2022 A 42,764 0 0 $0
Dana Edward Huth EVP & CHIEF REVENUE OFFICER March 3, 2021 F 12,569 0 0 $0
William George Trupkiewicz Chief Accounting Officer Feb. 4, 2016 A 6,478 0 0 $0
Gregg Patterson EVP & Gen. Mgr. Renewables BU July 22, 2011 A 51,572 0 0 $0
Brian Shirley Director June 15, 2026 S 6,663 0 2 $-842,254
Ronald C Foster Director May 7, 2026 A 6,663 0 0 $0
Frederick Ball Director May 7, 2026 A 3,820 0 0 $0
Grant H Beard Director May 7, 2026 A 69,157 0 0 $0
Lanesha Minnix Director Feb. 13, 2026 S 4,585 0 1 $-316,620
Tina Donikowski Director Dec. 4, 2025 S 8,248 0 1 $-474,715
Reed David Director May 3, 2025 M 7,583 0 0 $0
Edward C Grady Director May 9, 2022 A 54,268 0 0 $0
Thomas M Rohrs Director April 30, 2021 A 1,813 0 0 $0
Terry Hudgens Director May 7, 2015 A 45,000 0 0 $0
Richard P Beck Director May 7, 2014 A 36,732 0 0 $0
Douglas S Schatz Director April 10, 2014 M 2,486,651 0 0 $0
Trung T. Doan Director May 2, 2012 A 52,000 0 0 $0
Elwood Spedden Director Aug. 13, 2009 S 2,000 0 0 $0
SCHATZ DOUGLAS S & SCHATZ JILL E FAMILY TRUST 10% owner May 26, 2009 J 10,627,782 0 0 $0
Anne Delsanto Aug. 5, 2026 S 8,217 0 8 $-448,680
John A Roush May 7, 2026 A 29,905 0 7 $-3,308,397
Charles S Rhoades Feb. 15, 2008 F 25,952 0 0 $0
Barry Z Posner Aug. 10, 2007 P 19,000 0 0 $0
John D Pirnot July 24, 2007 A 1,906 0 0 $0
Joseph R Bronson May 2, 2007 A 33,000 0 0 $0
Mark D Hartman March 14, 2006 A 3,933 0 0 $0
James G Guilmart Feb. 22, 2006 S 3,753 0 0 $0
Michael El Hillow Dec. 1, 2005 M 2,000 0 0 $0
Linda A Capuano Jan. 31, 2005 A 7,650 0 0 $0
Craig D Jefferies Dec. 15, 2004 M 30,000 0 0 $0
William Michael Gregorak Dec. 8, 2004 P 1,550 0 0 $0
Larry Mcculloch Oct. 19, 2004 A 0 0 $0
Luann Piccard Oct. 19, 2004 A 0 0 $0
Brenda M Scholl Oct. 19, 2004 A 0 0 $0
Richard A Scholl Oct. 19, 2004 A 0 0 $0
Susan Christine Schell July 20, 2004 A 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 99 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
EPSV · Harbor ETF Trust 4.55% 590 NS April 30, 2026 N-PORT
VOLT · Tema ETF Trust 3.88% 92,871 NS May 31, 2026 N-PORT
SAWS · ETF Series Solutions 2.79% 513 NS April 30, 2026 N-PORT
FFSM · FIDELITY COVINGTON TRUST 1.69% 57,021 NS April 30, 2026 N-PORT
XMMO · Invesco Exchange-Traded Fund Trust 1.60% 370,359 SH Aug. 8, 2026 Daily
PBW · Invesco Exchange-Traded Fund Trust 1.44% 20,232 SH Aug. 8, 2026 Daily
GSC · Goldman Sachs ETF Trust 1.31% 10,989 NS May 31, 2026 N-PORT
RFG · Invesco Exchange-Traded Fund Trust 1.11% 12,285 SH Aug. 8, 2026 Daily
PAMC · Pacer Funds Trust 0.98% 1,603 NS April 30, 2026 N-PORT
ESSC · Strategy Shares 0.93% 623 NS April 30, 2026 N-PORT
AIS · Tidal Trust III 0.92% 21,163 NS May 31, 2026 N-PORT
POW · Tidal Trust III 0.90% 2,004 NS May 31, 2026 N-PORT
FNY · First Trust Exchange-Traded AlphaDE… 0.79% 10,624 NS April 30, 2026 N-PORT
SMIZ · Zacks Trust 0.78% 6,702 NS May 31, 2026 N-PORT
IVOG · VANGUARD ADMIRAL FUNDS 0.74% 37,526 SH Aug. 8, 2026 Daily
PDP · Invesco Exchange-Traded Fund Trust 0.69% 32,044 SH Aug. 8, 2026 Daily
IJK · iShares Trust 0.66% 222,266 SH Aug. 8, 2026 Daily
IQSM · New York Life Investments ETF Trust 0.64% 5,272 NS April 30, 2026 N-PORT
FSCC · Federated Hermes ETF Trust 0.57% 5,260 NS May 31, 2026 N-PORT
NUSC · Nushares ETF Trust 0.55% 18,405 NS April 30, 2026 N-PORT
MADE · iShares Trust 0.55% 1,082 SH Aug. 8, 2026 Daily
MMSC · First Trust Exchange-Traded Fund VI… 0.44% 757 NS May 31, 2026 N-PORT
PTMC · Pacer Funds Trust 0.42% 4,305 NS April 30, 2026 N-PORT
AFMC · First Trust Exchange-Traded Fund VI… 0.42% 2,234 NS May 31, 2026 N-PORT
FNX · First Trust Exchange-Traded AlphaDE… 0.41% 14,096 NS April 30, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.39% 503,782 SH Aug. 8, 2026 Daily
IVOO · VANGUARD ADMIRAL FUNDS 0.39% 61,432 SH Aug. 8, 2026 Daily
XJH · iShares Trust 0.39% 5,140 SH Aug. 8, 2026 Daily
ISCG · iShares Trust 0.39% 11,877 SH Aug. 8, 2026 Daily
BKMC · BNY Mellon ETF Trust 0.37% 6,058 NS April 30, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.37% 5,687 NS April 30, 2026 N-PORT
QVMM · Invesco Exchange-Traded Fund Trust … 0.36% 4,926 SH Aug. 8, 2026 Daily
IJH · iShares Trust 0.34% 1,312,165 SH Aug. 8, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.33% 29,583 SH Aug. 8, 2026 Daily
IWP · iShares Trust 0.33% 206,367 SH Aug. 8, 2026 Daily
DFAS · Dimensional ETF Trust 0.29% 106,878 NS April 30, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.29% 15,302 NS April 30, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.29% 626 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.29% 1,776 NS May 31, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.28% 17,263 NS April 30, 2026 N-PORT
TRFM · ETF Series Solutions 0.26% 1,036 NS April 30, 2026 N-PORT
MVV · ProShares Trust 0.25% 1,305 NS May 31, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.24% 7,980 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.24% 181,412 NS May 31, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.23% 2,920 NS April 30, 2026 N-PORT
ESML · iShares Trust 0.23% 20,701 SH Aug. 8, 2026 Daily
VFMO · VANGUARD WELLINGTON FUND 0.20% 10,487 SH Aug. 8, 2026 Daily
ISCB · iShares Trust 0.19% 1,688 SH Aug. 8, 2026 Daily
ROUS · Lattice Strategies Trust 0.18% 2,730 NS April 30, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.18% 51,976 NS May 31, 2026 N-PORT