NGVC Natural Grocers by Vitamin Cottage, Inc. Common Stock

NYSE · Retail · View on SEC EDGAR ↗
$28.41
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026
52W Range
$23–$42
27% of range
Analyst Rating
BUY
9 analysts
Price Target
$45
+57% upside
P/E (TTM)
14.2
ROE
22.9%
Net Profit Margin
3.5%

About Natural Grocers by Vitamin Cottage, Inc. Common Stock Company overview from Wikipedia

Natural Grocers by Vitamin Cottage, Inc. is a Colorado-based health food chain.

Read more

Natural Grocers by Vitamin Cottage, Inc. (formally called Vitamin Cottage Natural Food Markets and commonly referred to as Vitamin Cottage or Natural Grocers) is a Colorado-based health food chain.

The business was founded in 1955 as a door-to-door sales operation by Margaret and Philip Isely. They opened the first Vitamin Cottage store in Lakewood, Colorado, in 1963. After Margaret Isely's death in 1997, the Iselys' children took over the business the following year. Beginning in 2008, the company name was phased to Natural Grocers by Vitamin Cottage to emphasize that groceries, rather than nutritional supplements, formed a majority of its sales. The company made its initial public offering on the New York Stock Exchange in July 2012, raising $107 million.

The store's products include vitamins, dietary supplements, natural and organic food, organic produce and natural body care products. The company has a manifesto entitled "What We Won't Sell and Why"; among the listed items are artificial colors and flavors, artificial preservatives, irradiated food, and meat raised using artificial hormones and antibiotics.

In 2018, the company operated around 162 retail grocery stores in around 20 states, mainly west of the Mississippi River (except California), and had approximately 3,000 employees.

## History

In 1955, Margaret and Philip Isely founded a door-to-door sales operation called the Builder's Foundation. The first store opened in 1958 in Denver, Colorado. The inspiration for the business came after the birth of their second child. Margaret became ill and found "conventional medicine" to be unhelpful to her. She treated herself using principles in Adelle Davis's controversial book Let's Get Well.

In the 1960s, the Iselys converted a cottage-style house into a store, inspiring the name Vitamin Cottage. The store opened in Lakewood, Colorado, in 1963. In 1974, the second Vitamin Cottage location opened in Denver.

Natural Grocers founded a cycling team in 1987.

In 1995, the company name was briefly changed to Vitamin Cottage Natural Food Emporium.

Margaret Isely died in 1997, and the Iselys' children took over the business the following year.

In the 2010s, Natural Grocers stopped selling what they call "confinement dairy products", which includes milk from cows that aren't allowed to graze.

In 2026, the company opened its first location in Wisconsin.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

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

Price
$28.41
Market Cap
$652M
P/E (TTM)
14.2
EPS (TTM)
$2.00
Revenue (TTM)
$1.33B
Div Yield
1.7%
ROE
22.9%
Debt/Equity
—
52W Range
$23 – $42

NGVC 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 $1.33B
6-point trend, +56.7%
2018-09-30 → 2025-09-30
EPS $2.00
8-point trend, +257.1%
2018-09-30 → 2025-09-30
Free Cash Flow $24M
8-point trend, +25.9%
2018-09-30 → 2025-09-30
Margins 3.5%
4-point trend, +12.5%
2018-09-30 → 2025-09-30

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

Metric
5Y trend
NGVC
Peer Median
P/E (TTM)
5-point trend, +62.2%
14.2
15.3
P/S (TTM)
5-point trend, +221.8%
0.5
0.2
P/B
5-point trend, +236.6%
3.1
2.0
Price / FCF
5-point trend, +581.2%
27.1
—

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

Metric
5Y trend
NGVC
Peer Median
Gross Margin
4-point trend, +12.5%
29.9%
29.1%
Operating Margin
4-point trend, +163.3%
4.7%
—
Net Profit Margin
4-point trend, +134.2%
3.5%
-3.7%
ROA
5-point trend, +127.6%
7.0%
-5.2%
ROE
5-point trend, +55.6%
22.9%
-13.6%
ROIC
5-point trend, +71.1%
23.0%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
NGVC
Peer Median
Current Ratio
5-point trend, +4.4%
1.1
1.0
Quick Ratio
5-point trend, -23.8%
0.2
—

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

Metric
5Y trend
NGVC
Peer Median
Revenue YoY
5-point trend, +26.1%
7.2%
—
Revenue CAGR 3Y
5-point trend, +26.1%
6.9%
—
EPS YoY
5-point trend, +119.8%
36.0%
—
Net Income YoY
5-point trend, +125.7%
36.9%
—

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

Metric
5Y trend
NGVC
Peer Median
EPS (Diluted)
5-point trend, +119.8%
$2.00
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
NGVC
Peer Median
Payout Ratio
5-point trend, -90.5%
23.7%
—

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

Dividend Yield
1.7%
Payout Ratio
23.7%
5Y Div CAGR
—
Ex-dateAmount
May 18, 2026$0.1500
March 2, 2026$0.1500
Dec. 1, 2025$0.1500
Sept. 2, 2025$0.1200
May 27, 2025$0.1200
March 3, 2025$0.1200
Dec. 2, 2024$0.1200
Sept. 3, 2024$0.1000
June 3, 2024$0.1000
March 1, 2024$0.1000
Nov. 24, 2023$1.1000
Aug. 25, 2023$0.1000
May 26, 2023$0.1000
Feb. 24, 2023$0.1000
Nov. 25, 2022$0.1000
Aug. 26, 2022$0.1000
May 27, 2022$0.1000
Feb. 25, 2022$0.1000
Nov. 26, 2021$0.1000
Aug. 27, 2021$0.0700

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

BUY 9 analysts
  • Strong Buy 3 33.3%
  • Buy 5 55.6%
  • Hold 1 11.1%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

3 analysts · 2026-08-13
Median target $40.00 +40.8%
Mean target $44.67 +57.2%

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

Avg Surprise
0.00%
Period EPS Actual EPS Est Surprise
Sept. 30, 2026 $0.48 $0.53 -0.05%
June 30, 2026 $0.48 $0.53 -0.05%
March 31, 2026 $0.58 $0.56 0.02%
Dec. 31, 2025 $0.49 $0.47 0.02%
Sept. 30, 2025 $0.51 $0.43 0.08%
June 30, 2025 $0.56 — —

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

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
NGVC $918M 20.0 7.2% 3.5% 22.9% 29.9%
ACI $10.75B 44.8 3.5% 0.26% 8.8% 27.2%
WMK $1.61B 17.8 3.5% 1.9% 7.0% 25.0%
IMKTA — — -5.4% — — —
YSWY — — — — — —
GO $998M -4.4 7.3% -4.8% -20.7% 30.3%
VLGEA — — 3.8% — — —
REBN $12M -0.9 36.5% -112.9% -667.0% —
MSS — 14.3 114.0% — — —

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

Income Statement 14
Annual Income Statement data for NGVC
Metric Trend 20252024202320222021202020192018201720162015
Revenue 8-point trend, +113.0% $1.33B $1.24B · $1.09B $1.06B · · $849M $769M $705M $625M
Gross Profit 10-point trend, +118.5% $398M $365M · $305M $292M $283M $239M $226M $212M $202M $182M
SG&A Expense 10-point trend, +153.2% $44M $39M · $32M $28M $27M $23M $22M $20M $19M $18M
Operating Expenses 2-point trend, +6.8% $317M $296M · · · · · · · · ·
Operating Income 10-point trend, +116.5% $62M $47M · $30M $28M $28M $17M $15M $14M $20M $29M
Interest Expense 10-point trend, +2.3% $3M $4M · $2M $2M $2M $5M $5M $4M $3M $3M
Pretax Income 10-point trend, +129.9% $59M $43M · $28M $26M $26M $12M $10M $10M $17M $26M
Income Tax 10-point trend, +32.3% $12M $9M · $6M $5M $6M $2M $-2M $3M $6M $9M
Net Income 10-point trend, +186.6% $46M $34M · $21M $21M $20M $9M $13M $7M $11M $16M
EPS (Basic) 10-point trend, +180.6% $2.02 $1.49 · $0.94 $0.91 $0.89 $0.42 $0.57 $0.31 $0.51 $0.72
EPS (Diluted) 10-point trend, +177.8% $2.00 $1.47 · $0.94 $0.91 $0.89 $0.42 $0.56 $0.31 $0.51 $0.72
Shares (Basic) 10-point trend, +2.0% 22,936,194 22,774,825 · 22,666,773 22,591,816 22,501,779 22,424,328 22,361,898 22,453,409 22,492,986 22,490,260
Shares (Diluted) 10-point trend, +3.4% 23,255,274 23,083,903 · 22,816,614 22,711,003 22,577,646 22,554,603 22,413,038 22,463,675 22,507,152 22,500,833
EBITDA 10-point trend, +87.7% $94M $78M · $58M $58M $59M $46M $44M $44M $46M $50M
Balance Sheet 25
Annual Balance Sheet data for NGVC
Metric Trend 20252024202320222021202020192018201720162015
Cash & Equivalents 11-point trend, +487.2% $17M $9M $14M $12M $24M $29M $6M $9M $7M $4M $3M
Receivables 11-point trend, +364.5% $12M $13M $9M $10M $8M $9M $5M $5M $5M $4M $3M
Prepaid Expense 11-point trend, +443.8% $6M $5M $4M $4M $3M $6M $8M $3M $3M $3M $1M
Current Assets 11-point trend, +104.3% $168M $147M $143M $141M $136M $143M $115M $111M $108M $97M $82M
PP&E (Net) 11-point trend, +25.8% $183M $179M $177M $157M $151M $148M $202M $189M $184M $178M $145M
PP&E (Gross) 11-point trend, +104.1% $481M $458M $440M $401M $375M $353M $388M $353M $328M $293M $236M
Accum. Depreciation 11-point trend, +229.8% $298M $280M $263M $244M $224M $206M $187M $165M $143M $114M $90M
Goodwill Flat — no change across 11 periods $5M $5M $5M $5M $5M $5M $5M $5M $5M $5M $5M
Intangibles 11-point trend, +1442.8% $7M $8M $9M $9M $7M $5M $5M $450.0K $457.0K $403.0K $425.0K
Other Non-current Assets 2-point trend, +1090.4% $5M $458.0K · · · · · · · · ·
Total Assets 11-point trend, +186.6% $671M $655M $663M $663M $655M $682M $327M $307M $300M $282M $234M
Accounts Payable 11-point trend, +62.3% $81M $88M $82M $71M $69M $69M $63M $61M $57M $54M $50M
Accrued Liabilities 11-point trend, +89.5% $37M $36M $32M $27M $27M $25M $19M $18M $14M $12M $20M
Current Liabilities 11-point trend, +127.2% $159M $164M $159M $138M $134M $129M $83M $80M $72M $67M $70M
Capital Leases 7-point trend, +245803000.00 $246M $263M $272M $295M $302M $326M $0 · · · ·
Deferred Tax 11-point trend, +29.5% $8M $10M $14M $16M $15M $14M $10M $6M $12M $12M $6M
Total Liabilities 11-point trend, +286.8% $458M $481M $509M $507M $512M $509M $170M $160M $166M $156M $118M
Long-term Debt 6-point trend, +0.00 $0 $0 $6M $16M $24M $0 · · · · ·
Total Debt 3-point trend, -100.0% · $0 · $16M $24M · · · · · ·
Common Stock 11-point trend, +4.5% $23.0K $23.0K $23.0K $23.0K $23.0K $23.0K $23.0K $23.0K $23.0K $23.0K $22.0K
Retained Earnings 11-point trend, +146.9% $149M $114M $95M $98M $85M $116M $101M $92M $79M $72M $60M
Treasury Stock 9-point trend, +0.00 · $0 $0 $0 · $0 $359.0K $1M $664.0K $690.0K $0
Stockholders' Equity 11-point trend, +83.9% $212M $174M $154M $156M $143M $173M $157M $147M $134M $127M $115M
Liabilities + Equity 11-point trend, +186.6% $671M $655M $663M $663M $655M $682M $327M $307M $300M $282M $234M
Shares Outstanding 11-point trend, +2.0% 22,954,712 22,888,540 22,752,413 22,690,188 22,620,417 22,546,765 22,463,057 22,373,382 22,448,056 22,452,609 22,496,628
Cash Flow 17
Annual Cash Flow data for NGVC
Metric Trend 20252024202320222021202020192018201720162015
D&A 10-point trend, +49.1% $32M $31M · $28M $30M $31M $29M $29M $30M $26M $21M
Stock-based Comp 10-point trend, +591.1% $4M $3M · $1M $877.0K $1M $1M $810.0K $758.0K $879.0K $573.0K
Deferred Tax 10-point trend, -514.0% $-3M $-4M · $609.0K $864.0K $4M $4M $-6M $241.0K $7M $630.0K
Amort. of Intangibles 7-point trend, +1800.0% $2M $2M · $700.0K $800.0K $800.0K $500.0K $100.0K · · ·
Other Non-cash 10-point trend, -1176.0% $-24M $10M · $-11M $2M $10M $-6M $6M $3M $-16M $2M
Operating Cash Flow 10-point trend, +34.9% $55M $74M · $40M $54M $67M $37M $43M $41M $29M $41M
CapEx 10-point trend, -15.1% $31M $38M · $28M $26M $27M $30M $24M $41M $54M $37M
Investing Cash Flow 10-point trend, +26.8% $-31M $-39M · $-31M $-28M $-30M $-32M $-24M $-38M $-54M $-42M
Debt Issued 4-point trend, +0.00 · · · $0 $35M $0 $0 · · · ·
Net Debt Issued 4-point trend, -100.0% $0 $-8M · $-8M $24M · · · · · ·
Stock Repurchased 9-point trend, -100.0% $0 $0 · $0 $0 $0 $0 $581.0K $261.0K $829.0K ·
Net Stock Activity 6-point trend, +100.0% $0 $0 · · · $0 · $-581.0K $-261.0K $-829.0K ·
Dividends Paid 7-point trend, +11009000.00 $11M $32M · $9M $51M $6M $0 $0 · · ·
Financing Cash Flow 10-point trend, -1764.2% $-16M $-45M · $-20M $-31M $-15M $-9M $-16M $154.0K $26M $-863.0K
Net Change in Cash 10-point trend, +475.1% $8M $-9M · $-12M $-5M $22M $-3M $3M $3M $1M $-2M
Free Cash Flow 10-point trend, +466.7% $24M $36M · $12M $28M $40M $7M $19M $-382.0K $-25M $4M
Levered FCF 10-point trend, +818.6% $22M $33M · $10M $26M $38M $3M $14M $-3M $-27M $2M
Profitability 8
Annual Profitability data for NGVC
Metric Trend 20252024202320222021202020192018201720162015
Gross Margin 6-point trend, +2.6% 29.9% 29.4% · · · · · 26.6% 27.6% 28.6% 29.1%
Operating Margin 6-point trend, +1.7% 4.7% 3.8% · · · · · 1.8% 1.8% 2.9% 4.6%
Net Margin 6-point trend, +34.7% 3.5% 2.7% · · · · · 1.5% 0.90% 1.6% 2.6%
Pretax Margin 6-point trend, +8.0% 4.4% 3.5% · · · · · 1.2% 1.3% 2.5% 4.1%
EBITDA Margin 6-point trend, -11.9% 7.0% 6.3% · · · · · 5.2% 5.7% 6.5% 8.0%
ROA 10-point trend, -8.5% 7.0% 5.1% · 3.2% 3.1% 4.0% 3.0% 4.2% 2.4% 4.4% 7.7%
ROE 10-point trend, +51.5% 22.9% 19.8% · 13.7% 14.7% 11.6% 6.0% 8.7% 5.3% 9.5% 15.1%
ROIC 10-point trend, +46.8% 23.0% 21.4% · 13.5% 13.4% 12.5% 8.5% 12.4% 7.0% 10.6% 15.7%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for NGVC
Metric Trend 20252024202320222021202020192018201720162015
Current Ratio 10-point trend, -10.1% 1.1 0.9 · 1.0 1.0 1.1 1.4 1.4 1.5 1.5 1.2
Quick Ratio 10-point trend, +133.1% 0.2 0.1 · 0.2 0.2 0.3 0.1 0.2 0.2 0.1 0.1
Debt / Equity 3-point trend, -100.0% · 0.0 · 0.1 0.2 · · · · · ·
LT Debt / Equity 3-point trend, -100.0% · 0.0 · 0.1 0.2 · · · · · ·
Interest Coverage 10-point trend, +111.6% 20.2 11.2 · 12.7 12.5 13.5 3.4 3.3 3.7 6.7 9.6
Efficiency 2
Annual Efficiency data for NGVC
Metric Trend 20252024202320222021202020192018201720162015
Asset Turnover 6-point trend, -32.1% 2.0 1.9 · · · · · 2.8 2.6 2.7 3.0
Receivables Turnover 6-point trend, -59.1% 108.3 113.2 · · · · · 176.9 178.7 223.2 264.6
Per Share 5
Annual Per Share data for NGVC
Metric Trend 20252024202320222021202020192018201720162015
Book Value / Share 9-point trend, +80.2% $9.25 $7.61 · · $6.31 $7.68 $6.99 $6.56 $5.96 $5.64 $5.13
Revenue / Share 6-point trend, +106.1% $57.23 $53.79 · · · · · $37.88 $34.23 $31.35 $27.76
Cash Flow / Share 10-point trend, +30.5% $2.38 $3.20 · $1.74 $2.37 $2.95 $1.66 $1.91 $1.82 $1.28 $1.82
Cash / Share 9-point trend, +475.3% $0.75 $0.39 · · $1.05 $1.27 $0.28 $0.42 $0.29 $0.18 $0.13
EPS (TTM) 10-point trend, +177.8% $2.00 $1.47 · $0.94 $0.91 $0.89 $0.42 $0.56 $0.31 $0.51 $0.72
Growth Rates 9
Annual Growth Rates data for NGVC
Metric Trend 20252024202320222021202020192018201720162015
Revenue YoY 3-point trend, +122.6% 7.2% 8.9% · 3.2% · · · · · · ·
Revenue CAGR 3Y 2-point trend, +23.9% 6.9% 5.6% · · · · · · · · ·
EPS YoY 4-point trend, +1502.2% 36.0% 44.1% · 3.3% 2.2% · · · · · ·
EPS CAGR 3Y 2-point trend, +65.1% 28.6% 17.3% · · · · · · · · ·
EPS CAGR 5Y 17.6% · · · · · · · · · ·
Net Income YoY 4-point trend, +1188.8% 36.9% 46.0% · 3.8% 2.9% · · · · · ·
Net Income CAGR 3Y 2-point trend, +62.8% 29.5% 18.1% · · · · · · · · ·
Net Income CAGR 5Y 18.3% · · · · · · · · · ·
Dividend CAGR 5Y 11.8% · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for NGVC
Metric Trend 20252024202320222021202020192018201720162015
Revenue TTM 10-point trend, +113.0% $1.33B $1.24B · $1.09B $1.06B $1.04B $904M $849M $769M $705M $625M
Net Income TTM 10-point trend, +186.6% $46M $34M · $21M $21M $20M $9M $13M $7M $11M $16M
Market Cap 9-point trend, +79.9% $918M $680M · · $254M $222M $224M $378M $125M $251M $510M
Enterprise Value 2-point trend, +164.2% · $671M · · $254M · · · · · ·
P/E 10-point trend, -36.5% 20.0 20.2 · 11.5 12.3 11.1 23.8 30.2 18.0 21.9 31.5
P/S 9-point trend, -15.6% 0.7 0.5 · · 0.2 0.2 0.2 0.4 0.2 0.4 0.8
P/B 9-point trend, -2.2% 4.3 3.9 · · 1.8 1.3 1.4 2.6 0.9 2.0 4.4
P / Tangible Book 4-point trend, +234.6% 4.6 4.2 · · 1.9 1.4 · · · · ·
P / Cash Flow 9-point trend, +33.4% 16.6 9.2 · · 4.7 3.3 6.0 8.8 3.1 8.7 12.4
P / FCF 9-point trend, -68.3% 38.1 18.8 · · 9.2 5.6 30.5 19.7 -327.9 -10.1 120.0
EV / EBITDA 2-point trend, +96.6% · 8.6 · · 4.4 · · · · · ·
EV / FCF 2-point trend, +100.9% · 18.5 · · 9.2 · · · · · ·
EV / Revenue 2-point trend, +124.6% · 0.5 · · 0.2 · · · · · ·
Dividend Yield 6-point trend, +0.01 1.2% 4.7% · · 20.3% 2.8% 0.00% 0.00% · · ·
Earnings Yield 10-point trend, +57.7% 5.0% 5.0% · 8.7% 8.1% 9.0% 4.2% 3.3% 5.6% 4.6% 3.2%
Payout Ratio 5-point trend, -24.7% 23.7% 93.9% · 42.4% 250.0% 31.5% · · · · ·
Annual Payout 7-point trend, +11009000.00 $11M $32M · $9M $51M $6M $0 $0 · · ·

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

Income Statement
2025-09-302024-09-302023-12-312023-09-302022-12-31
Revenue $1.33B$1.24B—$1.14B—
Gross Margin % 29.9%29.4%—28.7%—
Operating Margin % 4.7%3.8%—2.8%—
Net Income $46M$34M—$23M—
Diluted EPS $2.00$1.47—$1.02—
Balance Sheet
2025-09-302024-09-302023-12-312023-09-302022-12-31
Debt / Equity —0.0—0.0—
Current Ratio 1.10.9—1.0—
Quick Ratio 0.20.1—0.2—
Cash Flow
2025-09-302024-09-302023-12-312023-09-302022-12-31
Free Cash Flow $24M$36M—$28M—

Latest News Recent headlines mentioning this company

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Institutional owners (13F) 167 filers · $225.9M 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
34 (+1 vs prior Q) 21 (-3 vs prior Q) 54 (+12 vs prior Q) 37 (-6 vs prior Q) +1.2M

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
AMERICAN CENTURY COMPANIES INC $20,249,049 652,774 8.96% Shares
VANGUARD GROUP INC $20,131,858 803,667 8.91% Shares
ROYCE & ASSOCIATES LP $18,620,158 600,263 8.24% Shares
DIMENSIONAL FUND ADVISORS LP $18,374,542 592,345 8.13% Shares
VANGUARD CAPITAL MANAGEMENT LLC $16,584,719 534,646 7.34% Shares
MORGAN STANLEY $10,640,604 343,024 4.71% Shares
TWO SIGMA INVESTMENTS, LP $10,463,387 337,311 4.63% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $9,174,568 295,763 4.06% Shares
RENAISSANCE TECHNOLOGIES LLC $9,147,767 294,899 4.05% Shares
STATE STREET CORP $9,133,963 294,454 4.04% Shares
GEODE CAPITAL MANAGEMENT, LLC $8,078,054 260,363 3.58% Shares
WELLINGTON MANAGEMENT GROUP LLP $4,809,248 155,037 2.13% Shares
Bank of New York Mellon Corp $4,633,737 149,379 2.05% Shares
Empirical Finance, LLC $4,557,334 146,916 2.02% Shares
Foundry Partners, LLC $4,168,338 103,690 1.85% Shares
TWO SIGMA ADVISERS, LP $3,103,695 123,900 1.37% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $2,883,309 92,950 1.28% Shares
Connor, Clark & Lunn Investment Management Ltd. $2,736,646 88,222 1.21% Shares
Quantinno Capital Management LP $2,496,986 80,496 1.11% Shares
VANGUARD FIDUCIARY TRUST CO $2,352,743 75,846 1.04% Shares
Man Group plc $2,307,578 74,390 1.02% Shares
D. E. Shaw & Co., Inc. $2,292,533 73,905 1.01% Shares
Cubist Systematic Strategies, LLC $2,236,337 55,908 0.99% Shares
NIA IMPACT ADVISORS, LLC $2,146,374 69,193 0.95% Shares
Green Alpha Advisors, LLC $2,004,315 64,614 0.89% Shares
GOLDMAN SACHS GROUP INC $1,793,421 57,815 0.79% Shares
Crestwood Advisors Group, LLC $1,665,030 53,676 0.74% Shares
FMR LLC $1,511,543 48,728 0.67% Shares
Numerai GP LLC $1,480,709 47,734 0.66% Shares
Manatuck Hill Partners, LLC $1,473,450 47,500 0.65% Shares
MILLENNIUM MANAGEMENT LLC $1,468,859 47,352 0.65% Shares
Linden Thomas Advisory Services, LLC $1,170,695 37,740 0.52% Shares
VICTORY CAPITAL MANAGEMENT INC $1,129,097 36,399 0.50% Shares
Pathstone Holdings, LLC $1,054,194 34,009 0.47% Shares
Diametric Capital, LP $1,010,631 32,580 0.45% Shares
XTX Topco Ltd $1,006,320 32,441 0.45% Shares
Point72 Asset Management, L.P. $924,148 29,792 0.41% Shares
CITADEL ADVISORS LLC $792,034 25,533 0.35% Shares
CITIGROUP INC $726,644 23,425 0.32% Shares
Susquehanna Portfolio Strategies, LLC $722,115 23,279 0.32% Shares
ALLIANCEBERNSTEIN L.P. $689,420 26,670 0.31% Shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC $666,123 21,474 0.29% Shares
Swiss National Bank $573,870 18,500 0.25% Shares
Atom Investors LP $527,402 17,002 0.23% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $520,392 16,776 0.23% Shares
FIFTH THIRD BANCORP $518,841 16,726 0.23% Shares
RHUMBLINE ADVISERS $511,509 16,490 0.23% Shares
Watershed Asset Management, L.L.C. $505,719 16,303 0.22% Shares
FRANKLIN RESOURCES INC $502,834 16,210 0.22% Shares
Mariner, LLC $499,831 16,112 0.22% Shares
Vanguard Global Advisers, LLC $481,679 15,528 0.21% Shares
RITHOLTZ WEALTH MANAGEMENT $393,670 12,691 0.17% Shares
BANK OF AMERICA CORP /DE/ $384,400 12,392 0.17% Shares
ENVESTNET ASSET MANAGEMENT INC $376,586 12,140 0.17% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $363,865 11,730 0.16% Shares
WELLS FARGO & COMPANY/MN $352,356 11,359 0.16% Shares
Squarepoint Ops LLC $349,223 11,258 0.15% Shares
MERCER GLOBAL ADVISORS INC /ADV $345,006 11,122 0.15% Shares
RAYMOND JAMES FINANCIAL INC $337,560 10,882 0.15% Shares
Gotham Asset Management, LLC $314,233 10,130 0.14% Shares
EVERGREEN CAPITAL MANAGEMENT LLC $310,200 10,000 0.14% Shares
CreativeOne Wealth, LLC $287,462 9,267 0.13% Shares
BlackRock, Inc. $244,779 7,891 0.11% Shares
LPL Financial LLC $242,963 7,832 0.11% Shares
MetLife Investment Management, LLC $238,575 7,691 0.11% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $227,170 8,788 0.10% Shares
AlphaQuest LLC $220,691 8,810 0.10% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $220,001 6,689 0.10% Shares
Vident Advisory, LLC $207,679 6,695 0.09% Shares
NEW YORK STATE COMMON RETIREMENT FUND $204,081 6,579 0.09% Shares
Abel Hall, LLC $201,909 6,509 0.09% Shares
Aquatic Capital Management LLC $191,486 6,173 0.08% Shares
VANGUARD ASSET MANAGEMENT, Ltd $175,201 5,648 0.08% Shares
JPMORGAN CHASE & CO $171,300 5,445 0.08% Shares
Invesco Ltd. $160,404 5,171 0.07% Shares
Quantbot Technologies LP $148,245 4,779 0.07% Shares
OP Asset Management Ltd $147,872 4,767 0.07% Shares
UBS Group AG $110,679 3,568 0.05% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $110,462 3,561 0.05% Shares
Police & Firemen's Retirement System of New Jersey $104,041 3,354 0.05% Shares
DEUTSCHE BANK AG\ $97,651 3,148 0.04% Shares
BNP PARIBAS FINANCIAL MARKETS $94,022 3,031 0.04% Shares
CWM, LLC $84,969 3,287 0.04% Shares
Copeland Capital Management, LLC $81,489 2,627 0.04% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $80,109 3,099 0.04% Shares
NORTHERN TRUST CORP $64,118 2,067 0.03% Shares
Persistent Asset Partners Ltd $60,706 1,957 0.03% Shares
KLP KAPITALFORVALTNING AS $55,836 1,800 0.02% Shares
Russell Investments Group, Ltd. $53,180 1,714 0.02% Shares
BARCLAYS PLC $52,610 1,696 0.02% Shares
Vanguard Investments Australia, Ltd. $52,517 1,693 0.02% Shares
Geneos Wealth Management Inc. $49,632 1,600 0.02% Shares
Arax Advisory Partners $49,446 1,594 0.02% Shares
Tower Research Capital LLC (TRC) $47,585 1,534 0.02% Shares
PNC Financial Services Group, Inc. $47,088 1,518 0.02% Shares
Legal & General Group Plc $40,946 1,320 0.02% Shares
Integrated Wealth Concepts LLC $35,867 1,156 0.02% Shares
VIRTUS CAPITAL ADVISERS, LLC $33,881 853 0.01% Shares
Ameritas Investment Partners, Inc. $33,440 1,078 0.01% Shares
AMERIPRISE FINANCIAL INC $29,965 966 0.01% Shares

Company insiders 14 insiders · 5 officers · 7 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Sandra Buffa Chief Financial Officer Jan. 27, 2014 M 189,357 0 0 $0
Kemper Isely Chairman & Co-President May 6, 2014 P 3,107,402 0 0 $0
Zephyr Isely Co-President July 30, 2012 S 571,850 0 0 $0
Heather Isely Executive Vice President May 14, 2014 P 941,020 0 0 $0
Elizabeth Isely Executive Vice President May 7, 2014 P 1,264,306 0 0 $0
Michael T Campbell Director May 12, 2014 P 9,116 0 0 $0
Edward Cerkovnik Director May 7, 2014 P 3,500 0 0 $0
Richard Halle Director May 6, 2014 P 10,064 0 0 $0
Lark Isely — March 7, 2014 S 24,683 0 0 $0
Charity Isely — Feb. 12, 2013 S 22,162 0 0 $0
Anthony Andueza — Aug. 1, 2012 P 797 0 0 $0
Lucas Isely — July 27, 2012 J 295,249 0 0 $0
Guy Isely — July 27, 2012 J 36,774 0 0 $0
Mariah C. Isely — July 27, 2012 J 36,774 0 0 $0

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

Activists & 5%+ owners 1 position

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
Kemper Isely, Zephyr Isely, Heather Isely, Elizabeth Isely, Anthony Andueza, Mark Gauthier, CTVC, LLC, KIVC 2, LLC, ZIVC, LLC, HIVC 2, LLC, EIVC 2, LLC, Lark Isely, The LaRock & Luke Isely Trust, FTVC, LLC, Charity Isely, Mariah Isely, Guy Isely ×4 filings Feb. 28, 2014 — 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 47 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
MILN · Global X Funds 0.32% 10,728 NS May 31, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.19% 39,068 NS April 30, 2026 N-PORT
QIDX · Spinnaker ETF Series 0.13% 1,741 NS April 30, 2026 N-PORT
IWC · iShares Trust 0.10% 44,707 SH Aug. 8, 2026 Daily
AVUV · AMERICAN CENTURY ETF TRUST 0.06% 523,420 NS May 31, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.05% 16,216 NS May 31, 2026 N-PORT
GINN · Goldman Sachs ETF Trust 0.05% 3,372 NS May 31, 2026 N-PORT
EBIT · Harbor ETF Trust 0.05% 182 NS April 30, 2026 N-PORT
VDC · VANGUARD WORLD FUND 0.04% 106,577 SH Aug. 8, 2026 Daily
FSTA · FIDELITY COVINGTON TRUST 0.03% 15,987 NS April 30, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.02% 23,852 SH Aug. 8, 2026 Daily
AVSC · AMERICAN CENTURY ETF TRUST 0.02% 21,713 NS May 31, 2026 N-PORT
VFVA · VANGUARD WELLINGTON FUND 0.02% 5,890 SH Aug. 8, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.02% 7,263 SH Aug. 8, 2026 Daily
IWN · iShares Trust 0.02% 74,387 SH Aug. 8, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… 0.02% 1,605 SH Aug. 8, 2026 Daily
DFAS · Dimensional ETF Trust 0.02% 74,960 NS April 30, 2026 N-PORT
IWM · iShares Trust 0.01% 335,435 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.01% 5,650 NS April 30, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.01% 75,791 SH Aug. 8, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.01% 5,004 SH Aug. 8, 2026 Daily
IWO · iShares Trust 0.01% 43,841 SH Aug. 8, 2026 Daily
ITWO · ProShares Trust 0.01% 602 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.01% 955 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.01% 50,260 NS May 31, 2026 N-PORT
AVSU · AMERICAN CENTURY ETF TRUST 0.01% 1,016 NS May 31, 2026 N-PORT
EBI · RBB Fund Trust 0.01% 1,326 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.01% 470 NS May 31, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.00% 23,017 NS April 30, 2026 N-PORT
WSML · iShares Trust 0.00% 870 SH Aug. 8, 2026 Daily
URTY · ProShares Trust 0.00% 477 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 52,289 NS April 30, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.00% 2,009 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 637 NS May 31, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.00% 11,923 NS April 30, 2026 N-PORT
AVUS · AMERICAN CENTURY ETF TRUST 0.00% 9,041 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.00% 12 NS May 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 5,520 NS April 30, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 952 NS April 30, 2026 N-PORT
TILT · FlexShares Trust 0.00% 462 NS April 30, 2026 N-PORT
IWV · iShares Trust 0.00% 3,604 SH Aug. 8, 2026 Daily
ITOT · iShares Trust 0.00% 15,191 SH Aug. 8, 2026 Daily
SCHB · SCHWAB STRATEGIC TRUST 0.00% 6,292 NS May 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 2,126 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 121,827 SH Aug. 8, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 400,090 SH Aug. 8, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 971 SH Aug. 8, 2026 Daily