APAM Artisan Partners Asset Management Inc. Class A Common Stock
$42.58
Price · Aug 19, 2026
Fundamentals as of Jul 31, 2026
52W Range
$34–$48
63% of range
Analyst Rating
HOLD
9 analysts
Price Target
$39
P/E (TTM)
10.5
ROE
70.2%
Net Profit Margin
24.3%
APAM Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$42.58
Market Cap
$3.44B
P/E (TTM)
10.5
EPS (TTM)
$4.05
Revenue (TTM)
$1.20B
Div Yield
7.5%
ROE
70.2%
Debt/Equity
—
52W Range
$34 – $48
APAM Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.20B
2016-12-31
→
2025-12-31
EPS
$4.05
2018-12-31
→
2025-12-31
Free Cash Flow
$172M
2016-12-31
→
2025-12-31
Margins
24.3%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
APAM
Peer Median
P/E (TTM)
10.5
15.8
P/S (TTM)
2.9
5.4
P/B
7.8
1.9
Price / FCF
20.0
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
APAM
Peer Median
Operating Margin
33.4%
—
Net Profit Margin
24.3%
24.4%
ROA
18.2%
4.3%
ROE
70.2%
12.2%
ROIC
70.3%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
APAM
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
APAM
Peer Median
Revenue YoY
7.6%
—
Revenue CAGR 3Y
6.4%
—
Revenue CAGR 5Y
5.9%
—
EPS YoY
10.7%
—
Net Income YoY
11.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
APAM
Peer Median
Payout Ratio
88.6%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
7.5%
Payout Ratio
88.6%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 15, 2026 | $0.7700 |
| Feb. 13, 2026 | $1.5800 |
| Nov. 14, 2025 | $0.8800 |
| Aug. 15, 2025 | $0.7300 |
| May 16, 2025 | $0.6800 |
| Feb. 14, 2025 | $1.3400 |
| Nov. 15, 2024 | $0.8200 |
| Aug. 16, 2024 | $0.7100 |
| May 16, 2024 | $0.6100 |
| Feb. 14, 2024 | $1.0200 |
| Nov. 15, 2023 | $0.6500 |
| Aug. 16, 2023 | $0.6100 |
| May 16, 2023 | $0.5000 |
| Feb. 13, 2023 | $0.9000 |
| Nov. 15, 2022 | $0.5600 |
| Aug. 16, 2022 | $0.6000 |
| May 16, 2022 | $0.7600 |
| Feb. 11, 2022 | $1.7500 |
| Nov. 15, 2021 | $1.0700 |
| Aug. 16, 2021 | $1.0000 |
APAM Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
9 analysts
- Strong Buy 0 0.0%
- Buy 1 11.1%
- Hold 4 44.4%
- Sell 2 22.2%
- Strong Sell 2 22.2%
12-Month Price Target
4 analysts · 2026-08-14
Median
$38.50
Now
$42.58
Low
$35.00
High
$45.00
Median target
$38.50
-9.6%
Mean target
$39.25
-7.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.94 | $0.93 | 0.01% |
| March 31, 2026 | $0.87 | $0.95 | -0.08% |
| Dec. 31, 2025 | $1.26 | $1.11 | 0.15% |
| Sept. 30, 2025 | $1.02 | $0.99 | 0.03% |
| June 30, 2025 | $0.83 | $0.82 | 0.01% |
| March 31, 2025 | $0.83 | $0.77 | 0.06% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| APAM | $3.29B | 10.1 | 7.6% | 24.3% | 70.2% | — |
| FHI | — | 10.2 | 10.3% | 22.4% | 34.9% | — |
| CNS | $3.20B | 21.1 | 7.5% | 27.6% | 28.5% | — |
| GBDC | $3.64B | 9.6 | — | — | 9.4% | — |
| AB | — | — | — | — | — | — |
| FSK | $4.15B | 370.2 | — | — | 0.18% | — |
| AAMI | — | 21.3 | 11.5% | 14.2% | — | — |
| HTGC | — | — | — | — | — | — |
| DBRG | — | 33.3 | -84.5% | 151.0% | 7.0% | — |
| XXI | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.11B | $975M | $993M | $1.23B | $900M | $799M | $829M | $796M | $721M | $805M | $829M | |
| Operating Expenses | $797M | $745M | $672M | $649M | $687M | $541M | $515M | $524M | $509M | $487M | $523M | $522M | |
| Operating Income | $400M | $367M | $304M | $344M | $540M | $358M | $283M | $305M | $286M | $234M | $282M | $307M | |
| Interest Expense | · | · | $9M | $10M | $11M | $11M | $11M | $11M | $11M | $12M | $12M | $12M | |
| Interest Income | $9M | $10M | $6M | $333.0K | $559.0K | · | · | · | · | · | · | · | |
| Other Non-op | $90M | $74M | $80M | $-32M | $11M | $11M | $-14M | $-3M | $285M | $-10M | $-24M | $-15M | |
| Pretax Income | $489M | $441M | $384M | $312M | $552M | $369M | $269M | $302M | $571M | $224M | $259M | $292M | |
| Income Tax | $111M | $91M | $72M | $63M | $107M | $61M | $28M | $48M | $421M | $51M | $47M | $49M | |
| Net Income | $290M | $260M | $222M | $207M | $337M | $213M | $157M | $158M | $50M | $73M | $82M | $70M | |
| EPS (Basic) | $4.05 | $3.66 | $3.19 | $2.94 | $5.10 | $3.40 | $2.65 | $2.84 | · | · | · | · | |
| EPS (Diluted) | $4.05 | $3.66 | $3.19 | $2.94 | $5.09 | $3.40 | $2.65 | $2.84 | · | · | · | · | |
| Shares (Basic) | 65,603,942 | 64,900,228 | 63,451,932 | 62,475,960 | 59,866,790 | 55,633,529 | 51,127,929 | 48,862,435 | · | · | · | · | |
| Shares (Diluted) | 65,603,942 | 64,939,183 | 63,486,479 | 62,498,509 | 59,881,039 | 55,637,922 | 51,127,929 | 48,862,435 | · | · | · | · | |
| EBITDA | $409M | $376M | $313M | $352M | $547M | $365M | $290M | $311M | $292M | $240M | $287M | $310M |
Balance Sheet 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | $135M | $160M | $137M | $157M | $166M | $182M | |
| PP&E (Net) | $33M | $41M | $47M | $48M | $35M | $36M | $39M | $29M | $21M | $20M | $18M | $17M | |
| PP&E (Gross) | $100M | $100M | $99M | $94M | $79M | $73M | $71M | $61M | $48M | $45M | $39M | $34M | |
| Accum. Depreciation | $67M | $59M | $52M | $46M | $44M | $38M | $32M | $32M | $27M | $25M | $21M | $17M | |
| Goodwill | $0 | · | · | · | · | · | · | · | · | · | · | · | |
| Intangibles | $0 | · | · | · | · | · | · | · | · | · | · | · | |
| Total Assets | $1.58B | $1.62B | $1.41B | $1.23B | $1.21B | $1.15B | $934M | $805M | $837M | $936M | $946M | $849M | |
| Total Liabilities | $795M | $869M | $802M | $820M | $801M | $867M | $752M | $630M | $667M | $818M | $829M | $742M | |
| Long-term Debt | $190M | $200M | $200M | $200M | $200M | · | · | · | · | · | · | · | |
| Paid-in Capital | $236M | $221M | $194M | $171M | $142M | $108M | $89M | $98M | $148M | $119M | $116M | $94M | |
| Retained Earnings | $203M | $170M | $132M | $93M | $135M | $73M | $44M | $39M | $-38M | $13M | $13M | $16M | |
| AOCI | $-2M | $-3M | $-2M | $-3M | $-1M | $-991.0K | $-1M | $-2M | $-873.0K | $-2M | $-375.0K | $206.0K | |
| Stockholders' Equity | $439M | $389M | $324M | $262M | $276M | $180M | $133M | $135M | $110M | $132M | $130M | $111M | |
| Liabilities + Equity | $1.58B | $1.62B | $1.41B | $1.23B | $1.21B | $1.15B | $934M | $805M | $837M | $936M | $946M | $849M | |
| Shares Outstanding | 80,688,269 | 80,361,139 | 80,014,764 | 79,606,056 | 79,035,069 | 78,572,110 | 77,801,854 | 76,942,872 | 75,569,845 | 74,354,869 | 73,408,928 | 72,927,543 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $9M | $10M | $9M | $8M | $7M | $7M | $6M | $6M | $5M | $5M | $5M | $3M | |
| Stock-based Comp | $27M | $31M | $32M | $40M | $39M | $36M | $42M | $53M | · | · | · | $88M | |
| Deferred Tax | $56M | $44M | $42M | $30M | $38M | $28M | $7M | $25M | $395M | $34M | $17M | $18M | |
| Other Non-cash | $-211M | $28M | $-53M | $28M | $-23M | $35M | $123M | $144M | $-246M | $158M | $218M | $219M | |
| Operating Cash Flow | $172M | $373M | $253M | $313M | $399M | $319M | $293M | $333M | $226M | $270M | $321M | $352M | |
| CapEx | $371.0K | $2M | $2M | $7M | $2M | $2M | $3M | $3M | $2M | $3M | $4M | $5M | |
| Investing Cash Flow | $35M | $-25M | $-38M | $-64M | $-27M | $19M | $-18M | $-14M | $-5M | $-2M | $-11M | $-8M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Dividends Paid | $257M | $222M | $183M | $249M | $275M | $203M | $188M | $168M | $131M | $115M | $124M | $100M | |
| Financing Cash Flow | $-183M | $-254M | $-175M | $-306M | $-335M | $-282M | $-307M | $-263M | $-219M | $-278M | $-326M | $-373M | |
| Net Change in Cash | · | · | · | · | · | · | · | · | $-19M | $-9M | $-16M | $-30M | |
| Taxes Paid | $57M | $43M | $31M | $32M | $70M | $35M | $19M | $21M | $25M | $19M | $29M | $31M | |
| Free Cash Flow | $172M | $371M | $251M | $306M | $396M | $317M | $289M | $330M | $202M | $267M | $317M | $393M | |
| Levered FCF | · | · | $244M | $298M | $387M | $308M | $279M | $321M | $199M | $258M | $308M | $384M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 33.4% | 33.0% | 31.1% | 34.6% | 44.0% | 39.8% | 35.5% | · | 36.0% | 32.5% | 35.1% | 37.0% | |
| Net Margin | 24.3% | 23.4% | 22.8% | 20.8% | 27.4% | 23.6% | 19.6% | · | 6.2% | 10.1% | 10.2% | 8.4% | |
| Pretax Margin | 40.9% | 39.6% | 39.4% | 31.4% | 44.9% | 41.0% | 33.7% | · | 71.8% | 31.1% | 32.1% | 34.7% | |
| EBITDA Margin | 34.2% | 33.9% | 32.1% | 35.4% | 44.6% | 40.6% | 36.3% | · | 36.7% | 33.2% | 35.6% | 37.4% | |
| ROA | 18.2% | 17.2% | 16.8% | 16.9% | 28.5% | 20.4% | 18.0% | 19.3% | 5.6% | 7.8% | 9.1% | 9.7% | |
| ROE | 70.2% | 72.9% | 75.8% | 76.8% | 147.4% | 135.7% | 116.8% | 129.2% | 41.0% | 55.8% | 67.9% | 90.0% | |
| ROIC | 70.3% | 74.8% | 76.1% | 104.5% | 157.7% | 165.9% | 191.2% | 190.2% | 68.8% | 137.1% | 177.9% | 229.8% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | 35.4 | 34.7 | 50.0 | 33.2 | 25.6 | 27.2 | 25.0 | 20.1 | 24.1 | 26.5 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.7 | 0.8 | 1.0 | 0.9 | 0.9 | · | 0.9 | 0.8 | 0.9 | 1.2 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.6% | 14.0% | -1.8% | -19.1% | 36.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 6.4% | -3.2% | 2.7% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 5.9% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 10.7% | 14.7% | 8.5% | -42.2% | 49.7% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 11.3% | -10.4% | -2.1% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 3.6% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 11.8% | 16.9% | 7.5% | -38.6% | 58.3% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 12.0% | -8.3% | 1.5% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 6.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 4.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.20B | $1.11B | $975M | $993M | $1.23B | $900M | $799M | $829M | $796M | $721M | $805M | $829M | |
| Net Income TTM | $290M | $260M | $222M | $207M | $337M | $213M | $157M | $158M | $50M | $73M | $82M | $70M | |
| Market Cap | $3.29B | $3.46B | $3.54B | $2.36B | $3.77B | $3.96B | $2.51B | $1.70B | $2.99B | $2.21B | $2.65B | $3.69B | |
| P/E | 10.1 | 11.8 | 13.8 | 10.1 | 9.4 | 14.8 | 12.2 | 7.8 | -9.1 | -6.9 | -8.3 | -11.6 | |
| P/S | 2.7 | 3.1 | 3.6 | 2.4 | 3.1 | 4.4 | 3.1 | 2.1 | 3.8 | 3.1 | 3.3 | 4.4 | |
| P/B | 7.5 | 8.9 | 10.9 | 9.0 | 13.6 | 21.9 | 18.9 | 12.6 | 27.2 | 16.8 | 20.4 | 33.2 | |
| P / Tangible Book | 7.5 | 8.9 | 10.9 | 9.0 | 13.6 | 21.9 | · | · | · | · | · | · | |
| P / Cash Flow | 19.1 | 9.3 | 14.0 | 7.6 | 9.4 | 12.4 | 8.6 | 5.1 | 14.6 | 8.2 | 8.2 | 9.3 | |
| P / FCF | 19.2 | 9.3 | 14.1 | 7.7 | 9.5 | 12.5 | 8.7 | 5.1 | 14.7 | 8.3 | 8.3 | 9.4 | |
| Dividend Yield | 7.8% | 6.4% | 5.2% | 10.5% | 7.3% | 5.1% | 7.5% | 9.9% | 4.4% | 5.2% | 4.7% | 2.7% | |
| Earnings Yield | 9.9% | 8.5% | 7.2% | 9.9% | 10.7% | 6.8% | 8.2% | 12.8% | -11.0% | -14.6% | -12.0% | -8.6% | |
| Payout Ratio | 88.6% | 85.5% | 82.5% | 120.3% | 81.6% | 95.5% | 120.2% | 106.0% | 264.2% | 158.0% | 151.5% | 143.3% | |
| Annual Payout | $257M | $222M | $183M | $249M | $275M | $203M | $188M | $168M | $131M | $115M | $124M | $100M |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $308M | $303M | $336M | $301M | $283M | $277M | $297M | $280M | $271M | $264M | $249M | $249M | $243M | $235M | $226M | $234M | |
| Operating Expenses | $223M | $209M | $204M | $199M | $203M | $191M | $188M | $186M | $184M | $187M | $173M | $167M | $166M | $166M | $156M | $156M | |
| Operating Income | $85M | $94M | $132M | $102M | $80M | $87M | $109M | $93M | $87M | $78M | $76M | $82M | $77M | $68M | $70M | $79M | |
| Interest Expense | · | · | · | · | · | · | · | · | $2M | $2M | · | $2M | $2M | $2M | · | $2M | |
| Interest Income | $2M | $2M | $3M | $3M | $2M | $2M | $3M | $3M | $2M | $2M | $3M | $2M | $1M | $524.0K | · | · | |
| Other Non-op | $42M | $-8M | $16M | $22M | $41M | $11M | $4M | $36M | $3M | $31M | $37M | $6M | $16M | $22M | $13M | $-11M | |
| Pretax Income | $127M | $86M | $147M | $123M | $121M | $97M | $113M | $129M | $90M | $109M | $113M | $88M | $92M | $90M | $83M | $67M | |
| Income Tax | $26M | $19M | $29M | $37M | $25M | $20M | $26M | $25M | $19M | $22M | $20M | $15M | $18M | $19M | $17M | $15M | |
| Net Income | $81M | $58M | $95M | $67M | $68M | $61M | $70M | $73M | $58M | $59M | $65M | $53M | $54M | $51M | $53M | $44M | |
| EPS (Basic) | $1.11 | $0.76 | $1.36 | $0.93 | $0.94 | $0.82 | $0.99 | $1.03 | $0.80 | $0.84 | $0.95 | $0.76 | $0.76 | $0.72 | $0.77 | $0.65 | |
| EPS (Diluted) | $1.11 | $0.76 | $1.36 | $0.93 | $0.94 | $0.82 | $0.99 | $1.03 | $0.80 | $0.84 | $0.95 | $0.76 | $0.76 | $0.72 | $0.77 | $0.65 | |
| Shares (Basic) | 66,355,850 | 66,125,995 | -131,081,233 | 65,666,782 | 65,645,108 | 65,373,285 | -129,503,543 | 65,123,054 | 64,960,740 | 64,319,977 | -126,803,656 | 63,520,402 | 63,503,389 | 63,231,797 | -124,506,884 | 62,623,434 | |
| Shares (Diluted) | 66,355,850 | 66,125,995 | -131,081,233 | 65,666,782 | 65,645,108 | 65,373,285 | -129,577,461 | 65,162,898 | 64,998,499 | 64,355,247 | -126,843,768 | 63,563,044 | 63,520,040 | 63,247,163 | -124,554,894 | 62,632,660 | |
| EBITDA | $85M | $97M | · | $102M | $80M | $89M | · | $93M | $87M | $80M | · | $82M | $77M | $71M | · | $79M |
Balance Sheet 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PP&E (Net) | $31M | $32M | $33M | $35M | $37M | $39M | $41M | $43M | $45M | $46M | · | $47M | $48M | $48M | · | $47M | |
| PP&E (Gross) | · | · | $100M | · | · | · | $100M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $67M | · | · | · | $59M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $40M | $40M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Intangibles | $8M | $8M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Assets | $1.46B | $1.44B | $1.58B | $1.58B | $1.44B | $1.37B | $1.62B | $1.61B | $1.51B | $1.52B | · | $1.42B | $1.41B | $1.33B | · | $1.34B | |
| Total Liabilities | $908M | $928M | $795M | $885M | $840M | $868M | $869M | $907M | $857M | $899M | · | $875M | $893M | $888M | · | $959M | |
| Long-term Debt | $190M | $190M | $190M | $190M | $200M | $200M | $200M | $200M | $200M | $200M | · | $200M | $200M | $200M | · | $200M | |
| Paid-in Capital | $246M | $241M | $236M | $232M | $227M | $221M | $221M | $215M | $208M | $202M | · | $188M | $181M | $175M | · | $164M | |
| Retained Earnings | $175M | $149M | $203M | $171M | $156M | $137M | $170M | $158M | $135M | $121M | · | $112M | $101M | $82M | · | $79M | |
| AOCI | $-2M | $-2M | $-2M | $-2M | $-1M | $-2M | $-3M | $-2M | $-3M | $-3M | · | $-3M | $-3M | $-3M | · | $-4M | |
| Stockholders' Equity | $420M | $389M | $439M | $402M | $382M | $357M | $389M | $372M | $341M | $320M | · | $298M | $281M | $255M | · | $239M | |
| Liabilities + Equity | $1.46B | $1.44B | $1.58B | $1.58B | $1.44B | $1.37B | $1.62B | $1.61B | $1.51B | $1.52B | · | $1.42B | $1.41B | $1.33B | · | $1.34B | |
| Shares Outstanding | 81,066,833 | 81,057,762 | 80,688,269 | 80,697,175 | 80,707,018 | 80,663,193 | 80,361,139 | 80,361,139 | 80,371,812 | 80,374,834 | 80,014,764 | 79,962,701 | 79,962,701 | 79,976,294 | 79,606,056 | 79,612,433 |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Stock-based Comp | $7M | $7M | $6M | $7M | $7M | $7M | $8M | $7M | $8M | $8M | $8M | $8M | $8M | $9M | $10M | $10M | |
| Deferred Tax | $11M | $11M | $9M | $22M | $13M | $11M | $10M | $12M | $10M | $13M | $10M | $9M | $11M | $12M | $8M | $7M | |
| Amort. of Intangibles | $240.0K | $240.0K | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | · | $104M | · | · | · | $76M | · | · | · | $64M | · | · | · | $47M | · | · | |
| Operating Cash Flow | $116M | $182M | $-77M | $40M | $51M | $158M | $37M | $113M | $76M | $147M | $-10M | $80M | $62M | $121M | $6M | $89M | |
| CapEx | $373.0K | $518.0K | $67.0K | $35.0K | $63.0K | $206.0K | $464.0K | $341.0K | $649.0K | $116.0K | $2M | $147.0K | $92.0K | $346.0K | $1M | $4M | |
| Investing Cash Flow | $35M | $-12M | $31M | $10M | $33M | $-38M | $-451.0K | $232.0K | $4M | $-29M | $-2M | $-2M | $1M | $-36M | $-3M | $-7M | |
| Dividends Paid | $55M | $112M | $62M | $52M | $48M | $95M | $58M | $50M | $43M | $71M | $45M | $42M | $34M | $62M | $38M | $41M | |
| Financing Cash Flow | $-100M | $-95M | $-40M | $-20M | $-31M | $-92M | $-48M | $-66M | $-76M | $-64M | $-41M | $-41M | $-39M | $-55M | $-47M | $-57M | |
| Free Cash Flow | · | $181M | · | · | · | $158M | · | · | · | $147M | · | · | · | $121M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $145M | · | · | · | $119M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 27.5% | 31.1% | · | 33.8% | 28.2% | 31.2% | · | 33.3% | 32.0% | 29.4% | · | 33.0% | 31.6% | 29.1% | · | 33.6% | |
| Net Margin | 26.2% | 19.1% | · | 22.2% | 23.9% | 22.1% | · | 26.1% | 21.3% | 22.5% | · | 21.4% | 22.1% | 21.6% | · | 18.9% | |
| Pretax Margin | 41.2% | 28.5% | · | 41.0% | 42.7% | 35.1% | · | 46.1% | 33.2% | 41.1% | · | 35.4% | 38.0% | 38.6% | · | 28.7% | |
| EBITDA Margin | 27.5% | 31.9% | · | 33.8% | 28.2% | 32.1% | · | 33.3% | 32.0% | 30.3% | · | 33.0% | 31.6% | 30.1% | · | 33.6% | |
| ROA | 5.6% | 4.1% | · | 4.2% | 4.6% | 4.2% | · | 4.8% | 4.0% | 4.3% | · | 3.9% | 4.0% | · | · | 3.4% | |
| ROE | 20.2% | 15.6% | · | 17.3% | 18.7% | 18.1% | · | 21.8% | 18.5% | 21.7% | · | 19.2% | 21.1% | · | · | 18.1% | |
| ROIC | 16.0% | 19.0% | · | 17.7% | 16.6% | 19.3% | · | 20.3% | 20.1% | 19.3% | · | 23.0% | 21.8% | · | · | 25.7% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | · | 39.5 | 37.7 | · | 35.8 | 35.4 | 33.2 | · | 32.4 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | · | · | 0.2 |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.19B | $1.16B | · | $1.14B | $1.11B | $1.09B | · | $1.06B | $1.03B | $990M | · | $960M | $963M | $1.00B | · | $1.08B | |
| Net Income TTM | $273M | $254M | · | $269M | $259M | $251M | · | $243M | $224M | $217M | · | $202M | $193M | $205M | · | $240M | |
| Market Cap | $2.80B | $2.95B | · | $3.50B | $3.58B | $3.15B | · | $3.48B | $3.32B | $3.68B | · | $2.99B | $3.14B | · | · | $2.14B | |
| P/E | 9.2 | 10.5 | · | 11.7 | 12.3 | 11.2 | · | 12.6 | 13.1 | 14.9 | · | 12.9 | 14.3 | 11.1 | · | 7.8 | |
| P/S | 2.3 | 2.5 | · | 3.1 | 3.2 | 2.9 | · | 3.3 | 3.2 | 3.7 | · | 3.1 | 3.3 | · | · | 2.0 | |
| P/B | 6.7 | 7.6 | · | 8.7 | 9.4 | 8.8 | · | 9.4 | 9.7 | 11.5 | · | 10.1 | 11.2 | · | · | 9.0 | |
| P / Tangible Book | 7.5 | 8.7 | · | 8.7 | 9.4 | 8.8 | · | 9.4 | 9.7 | 11.5 | · | 10.1 | 11.2 | · | · | 9.0 | |
| P / Cash Flow | · | 16.2 | · | · | · | 20.0 | · | · | · | 25.0 | · | · | · | · | · | · | |
| P / FCF | · | 16.3 | · | · | · | 20.0 | · | · | · | 25.0 | · | · | · | · | · | · | |
| Earnings Yield | 10.8% | 9.5% | · | 8.6% | 8.1% | 8.9% | · | 7.9% | 7.7% | 6.7% | · | 7.7% | 7.0% | 9.0% | · | 12.9% | |
| Payout Ratio | · | 193.8% | · | · | · | 154.9% | · | · | · | 119.4% | · | · | · | 121.8% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $1.20B | $1.11B | $975M | $993M | $1.23B |
| Operating Margin % | 33.4% | 33.0% | 31.1% | 34.6% | 44.0% |
| Net Income | $290M | $260M | $222M | $207M | $337M |
| Diluted EPS | $4.05 | $3.66 | $3.19 | $2.94 | $5.09 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $172M | $371M | $251M | $306M | $396M |
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Institutional owners (13F) 414 filers · $1.5B 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 |
|---|---|---|---|---|
| 55 (+2 vs prior Q) | 44 (+5 vs prior Q) | 139 (-5 vs prior Q) | 114 (-9 vs prior Q) | +6.6M |
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 PORTFOLIO MANAGEMENT LLC | $145,347,578 | 4,209,313 | 9.56% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $105,760,211 | 3,062,850 | 6.96% | Shares |
| STATE STREET CORP | $101,816,850 | 2,948,649 | 6.70% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $97,109,513 | 2,812,323 | 6.39% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $69,194,956 | 2,003,594 | 4.55% | Shares |
| Channing Capital Management, LLC | $64,091,340 | 1,856,106 | 4.22% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $59,723,709 | 1,729,618 | 3.93% | Shares |
| WASATCH ADVISORS LP | $57,188,159 | 1,571,535 | 3.76% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $55,685,975 | 1,612,684 | 3.66% | Shares |
| Fisher Asset Management, LLC | $44,037,930 | 1,275,352 | 2.90% | Shares |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | $34,175,032 | 989,720 | 2.25% | Shares |
| ROYCE & ASSOCIATES LP | $33,787,087 | 978,485 | 2.22% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $32,575,153 | 943,387 | 2.14% | Shares |
| GOLDMAN SACHS GROUP INC | $20,992,790 | 607,958 | 1.38% | Shares |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $20,537,739 | 594,780 | 1.35% | Shares |
| CITADEL ADVISORS LLC | $19,004,587 | 550,379 | 1.25% | Shares |
| D. E. Shaw & Co., Inc. | $17,736,507 | 513,655 | 1.17% | Shares |
| Public Sector Pension Investment Board | $17,587,821 | 509,349 | 1.16% | Shares |
| Capital World Investors | $17,583,159 | 509,214 | 1.16% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $16,771,014 | 485,694 | 1.10% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $16,766,629 | 485,567 | 1.10% | Shares |
| MORGAN STANLEY | $15,760,217 | 456,421 | 1.04% | Shares |
| CRAWFORD INVESTMENT COUNSEL INC | $14,742,137 | 426,937 | 0.97% | Shares |
| RAYMOND JAMES FINANCIAL INC | $14,097,096 | 408,256 | 0.93% | Shares |
| TUDOR INVESTMENT CORP ET AL | $13,297,572 | 385,102 | 0.87% | Shares |
| BARCLAYS PLC | $13,230,826 | 383,169 | 0.87% | Shares |
| SPROTT INC. | $12,503,140 | 362,095 | 0.82% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $11,795,724 | 341,608 | 0.78% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $11,248,078 | 325,748 | 0.74% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $11,053,295 | 320,107 | 0.73% | Shares |
| MILLENNIUM MANAGEMENT LLC | $10,718,077 | 310,399 | 0.71% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $9,491,261 | 274,870 | 0.62% | Shares |
| Point72 Asset Management, L.P. | $8,307,193 | 240,579 | 0.55% | Shares |
| TWO SIGMA INVESTMENTS, LP | $8,056,091 | 233,307 | 0.53% | Shares |
| Qube Research & Technologies Ltd | $7,917,936 | 229,306 | 0.52% | Shares |
| BANK OF AMERICA CORP /DE/ | $7,235,382 | 209,539 | 0.48% | Shares |
| Bank of New York Mellon Corp | $6,735,007 | 195,048 | 0.44% | Shares |
| AMERICAN CENTURY COMPANIES INC | $5,880,355 | 170,297 | 0.39% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $5,786,227 | 167,571 | 0.38% | Shares |
| TOWLE & CO | $5,768,582 | 167,060 | 0.38% | Shares |
| RHUMBLINE ADVISERS | $5,751,054 | 166,553 | 0.38% | Shares |
| FIRST TRUST ADVISORS LP | $5,629,850 | 163,042 | 0.37% | Shares |
| Man Group plc | $5,293,138 | 153,291 | 0.35% | Shares |
| ALPS ADVISORS INC | $5,180,191 | 150,020 | 0.34% | Shares |
| BlackRock, Inc. | $4,794,111 | 138,839 | 0.32% | Shares |
| Swiss National Bank | $4,775,499 | 138,300 | 0.31% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $4,688,794 | 135,789 | 0.31% | Shares |
| ALGERT GLOBAL LLC | $4,564,521 | 132,190 | 0.30% | Shares |
| Brandywine Global Investment Management, LLC | $4,275,663 | 104,950 | 0.28% | Shares |
| MERITAGE PORTFOLIO MANAGEMENT | $4,275,215 | 104,939 | 0.28% | Shares |
| Ruffer LLP | $4,215,174 | 122,211 | 0.28% | Shares |
| AMERIPRISE FINANCIAL INC | $4,165,111 | 120,623 | 0.27% | Shares |
| Edgestream Partners, L.P. | $3,959,452 | 114,667 | 0.26% | Shares |
| Moody Aldrich Partners LLC | $3,903,927 | 113,059 | 0.26% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $3,773,906 | 109,294 | 0.25% | Shares |
| Twelve Points Wealth Management LLC | $3,767,356 | 109,104 | 0.25% | Shares |
| Legal & General Group Plc | $3,729,827 | 108,017 | 0.25% | Shares |
| FRANKLIN RESOURCES INC | $3,668,847 | 106,251 | 0.24% | Shares |
| UBS Group AG | $3,511,287 | 101,688 | 0.23% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $3,394,748 | 98,313 | 0.22% | Shares |
| ISTHMUS PARTNERS, LLC | $3,273,168 | 94,792 | 0.22% | Shares |
| Morningstar Investment Management LLC | $3,226,665 | 88,669 | 0.21% | Shares |
| Holocene Advisors, LP | $3,191,090 | 92,415 | 0.21% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3,085,617 | 84,793 | 0.20% | Shares |
| Cubist Systematic Strategies, LLC | $3,066,289 | 70,652 | 0.20% | Shares |
| NAVELLIER & ASSOCIATES INC | $2,941,706 | 85,193 | 0.19% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,930,196 | 80,522 | 0.19% | Shares |
| Brevan Howard Capital Management LP | $2,912,467 | 84,346 | 0.19% | Shares |
| REGIONS FINANCIAL CORP | $2,860,603 | 82,844 | 0.19% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $2,754,527 | 79,772 | 0.18% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,708,361 | 78,435 | 0.18% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $2,658,285 | 65,250 | 0.17% | Shares |
| Pathstone Holdings, LLC | $2,646,276 | 76,637 | 0.17% | Shares |
| ExodusPoint Capital Management, LP | $2,596,000 | 75,181 | 0.17% | Shares |
| PEAK6 LLC | $2,589,750 | 75,000 | 0.17% | Put option |
| Callan Family Office, LLC | $2,461,506 | 71,286 | 0.16% | Shares |
| Orion Portfolio Solutions, LLC | $2,394,057 | 61,229 | 0.16% | Shares |
| Kestra Investment Management, LLC | $2,370,036 | 68,637 | 0.16% | Shares |
| VANGUARD GROUP INC | $2,368,909 | 58,147 | 0.16% | Shares |
| JANUS HENDERSON GROUP PLC | $2,337,512 | 64,235 | 0.15% | Shares |
| Squarepoint Ops LLC | $2,312,371 | 66,967 | 0.15% | Shares |
| Quantbot Technologies LP | $2,256,397 | 65,346 | 0.15% | Shares |
| ROYAL BANK OF CANADA | $2,198,000 | 63,665 | 0.14% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $2,196,025 | 63,598 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,109,576 | 61,094 | 0.14% | Shares |
| ROMANO BROTHERS AND COMPANY | $2,106,845 | 61,015 | 0.14% | Shares |
| Optimist Retirement Group LLC | $2,103,637 | 60,922 | 0.14% | Shares |
| Orion Porfolio Solutions, LLC | $2,078,474 | 60,193 | 0.14% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $2,048,492 | 59,325 | 0.13% | Shares |
| Carolina Wealth Advisors, LLC | $1,953,604 | 56,577 | 0.13% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $1,737,032 | 50,305 | 0.11% | Shares |
| OSAIC HOLDINGS, INC. | $1,725,897 | 49,945 | 0.11% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $1,709,442 | 49,506 | 0.11% | Shares |
| Quantinno Capital Management LP | $1,686,478 | 48,840 | 0.11% | Shares |
| Vident Advisory, LLC | $1,651,570 | 47,830 | 0.11% | Shares |
| Moran Wealth Management, LLC | $1,611,239 | 46,662 | 0.11% | Shares |
| FEDERATED HERMES, INC. | $1,604,091 | 46,455 | 0.11% | Shares |
| LPL Financial LLC | $1,513,698 | 43,837 | 0.10% | Shares |
| Operose Advisors LLC | $1,480,579 | 42,878 | 0.10% | Shares |
| &PARTNERS | $1,460,162 | 42,198 | 0.10% | Shares |
Company insiders 22 insiders · 12 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Eric R. Colson | CEO | March 3, 2025 A | 324,197 | 0 | 0 | $0 |
| Charles J. Daley Jr. | Exec VP, CFO & Treasurer | June 4, 2025 S | 91,363 | 0 | 0 | $0 |
| Jason A. Gottlieb | President | March 3, 2025 A | 196,661 | 0 | 0 | $0 |
| Samuel Bentson Sellers | Executive Vice President | May 15, 2025 S | 40,529 | 0 | 0 | $0 |
| Gregory K Ramirez | Executive Vice President | March 7, 2025 S | 104,836 | 0 | 0 | $0 |
| Laura Ellen Simpson | Exec VP, CLO & Secretary | March 3, 2025 A | 33,143 | 0 | 0 | $0 |
| Eileen Lee Kwei | Executive Vice President | March 3, 2025 A | 68,007 | 0 | 0 | $0 |
| Christopher J Krein | Executive Vice President | March 3, 2025 A | 104,393 | 0 | 0 | $0 |
| Sarah A Johnson | Exec VP, CLO & Secretary | March 1, 2022 A | 71,591 | 0 | 0 | $0 |
| James S Hamman JR | Executive Vice President | Feb. 18, 2020 A | 37,996 | 0 | 0 | $0 |
| Dean J Patenaude | Executive Vice President | Feb. 16, 2016 A | 26,500 | 0 | 0 | $0 |
| Janet D Olsen | Exec VP, CLO & Secretary | March 12, 2013 A | 221,237 | 0 | 0 | $0 |
| Saloni S Multani | Director | Jan. 29, 2025 A | 24,726 | 0 | 0 | $0 |
| Matthew R Barger | Director | Jan. 29, 2025 A | 29,846 | 0 | 0 | $0 |
| Jennifer Barbetta | Director | Jan. 29, 2025 A | 23,126 | 0 | 0 | $0 |
| Tench Coxe | Director | Jan. 29, 2025 A | 324,227 | 0 | 0 | $0 |
| Stephanie Dimarco | Director | Jan. 29, 2025 A | 44,557 | 0 | 0 | $0 |
| Jeffrey A Joerres | Director | Jan. 29, 2025 A | 71,635 | 0 | 0 | $0 |
| ZIEGLER ANDREW A | Director | Jan. 25, 2023 A | 53,897 | 0 | 0 | $0 |
| Seth W Brennan | Director | Jan. 29, 2019 A | 29,883 | 0 | 0 | $0 |
| Allen R Thorpe | Director | Jan. 22, 2014 A | 4,728 | 0 | 0 | $0 |
| Daniel J. O'Keefe | 10% owner | July 17, 2013 J | 627,632 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Eric R. Colson, Charles J. Daley Jr., Jason A. Gottlieb ×21 filings | Jan. 5, 2026 | 10.20% | Amendment | — | SEC |
| Eric R. Colson ., Charles J. Daley, Jr., Gregory K. Ramirez | March 16, 2018 | — | Initial filing | — | SEC |
| Andrew A. Ziegler, Artisan Investment Corporation, ZFIC, Inc., Carlene M. Ziegler ×6 filings | March 1, 2017 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 93 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 |
|---|---|---|---|---|
| ABLS · Abacus FCF ETF Trust | 4.40% | 1,443 NS | April 30, 2026 | N-PORT |
| ZIG · ETF Series Solutions | 3.34% | 29,192 NS | April 30, 2026 | N-PORT |
| SMLL · Harbor ETF Trust | 2.55% | 9,427 NS | April 30, 2026 | N-PORT |
| KBWD · Invesco Exchange-Traded Fund Trust … | 2.31% | 228,950 SH | Aug. 8, 2026 | Daily |
| XSHQ · Invesco Exchange-Traded Fund Trust … | 1.62% | 122,783 SH | Aug. 8, 2026 | Daily |
| XSLV · Invesco Exchange-Traded Fund Trust … | 0.86% | 50,375 SH | Aug. 8, 2026 | Daily |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.65% | 4,166 SH | Aug. 8, 2026 | Daily |
| FSCC · Federated Hermes ETF Trust | 0.62% | 45,915 NS | May 31, 2026 | N-PORT |
| OUSM · ALPS ETF Trust | 0.55% | 127,944 NS | May 31, 2026 | N-PORT |
| CGMM · Capital Group Equity ETF Trust I | 0.54% | 403,795 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.39% | 26,414 SH | Aug. 8, 2026 | Daily |
| ISVL · iShares Trust | 0.33% | 20,212 SH | Aug. 8, 2026 | Daily |
| JSMD · Janus Detroit Street Trust | 0.26% | 68,759 NS | April 30, 2026 | N-PORT |
| BFOR · ALPS ETF Trust | 0.24% | 13,908 NS | May 31, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.23% | 64,178 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.23% | 690 NS | April 30, 2026 | N-PORT |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.20% | 12,195 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.19% | 8,393 SH | Aug. 8, 2026 | Daily |
| IJT · iShares Trust | 0.18% | 357,058 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.17% | 4,328,891 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.15% | 40,554 NS | May 31, 2026 | N-PORT |
| IJS · iShares Trust | 0.15% | 290,015 SH | Aug. 8, 2026 | Daily |
| IEUS · iShares Trust | 0.14% | 4,950 SH | Aug. 8, 2026 | Daily |
| PICK · iShares, Inc. | 0.14% | 60,408 SH | Aug. 8, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.14% | 45,632 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 26,935 NS | April 30, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.13% | 248,425 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.12% | 69,295 SH | Aug. 8, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.12% | 18,361 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.12% | 844 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.11% | 72,298 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.11% | 76,314 SH | Aug. 8, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.11% | 2,332 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.11% | 71,389 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.10% | 350,812 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.10% | 232,811 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.10% | 72,669 NS | May 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.10% | 48,169 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.09% | 1,643,619 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.08% | 41,775 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.07% | 243,504 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.07% | 27,115 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.07% | 370,955 SH | Aug. 8, 2026 | Daily |
| SCHD · SCHWAB STRATEGIC TRUST | 0.07% | 1,688,795 NS | May 31, 2026 | N-PORT |
| SCZ · iShares Trust | 0.06% | 160,267 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.06% | 22,273 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.06% | 225,175 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.06% | 2,947 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.06% | 339,705 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.06% | 8,996 SH | Aug. 8, 2026 | Daily |