WCC WESCO International, Inc. Common Stock
$337.81
Price · Aug 20, 2026
Fundamentals as of Jul 30, 2026
52W Range
$203–$385
74% of range
Analyst Rating
STRONG BUY
15 analysts
Price Target
$397
+18% upside
P/E (TTM)
25.9
ROE
12.8%
Net Profit Margin
2.7%
About WESCO International, Inc. Common Stock Company overview from Wikipedia
Wesco International, Inc. is a publicly traded American holding company for Wesco Distribution, an electrical distribution and services company based in Pittsburgh, Pennsylvania.
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Wesco International, Inc. is a publicly traded American holding company for Wesco Distribution, an electrical distribution and services company based in Pittsburgh, Pennsylvania.
Wesco International, Inc. provides electrical, industrial, communications, maintenance, repair, and operating (MRO), original equipment manufacturer (OEM) products, construction materials, and shipping. In 2023, its total revenue was approximately $22 billion. The company employs approximately 20,000 employees and 30,000 suppliers to serve more than 150,000 active customers worldwide. Wesco customers include commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. Wesco operates ten fully automated distribution centers and 500 branches in North American and international markets.
History
Wesco Distribution was formed in 1922 as a subsidiary of the Westinghouse Electric Corporation, a company also based in Pittsburgh. It served as the Westinghouse subsidiary charged with selling and distributing company components in the electrical and industrial industries. Wesco maintained close ties to its parent.
In 1994, the private equity firm Clayton, Dubilier & Rice (CD&R) purchased Westinghouse Electrical Supply Company and created Wesco Distribution Inc.
In June 1998, CD&R sold Wesco to The Cypress Group for USD 1.1 billion, which formed WESCO International Inc., the current owner of Wesco Distribution.
In the same year, Wesco acquired the Bruckner Supply Company Inc., a provider of integrated supply management solutions and MRO products to Fortune 500 customers.
On May 12, 1999, Wesco held its initial public offering on the New York Stock Exchange
In 2008, the company was recognized for "environmentally sustainable business practices" through an Environmental Stewardship Award from Veolia ES Technical Solutions.
Acquisitions
In 2005, Wesco acquired the Carlton-Bates Company, a provider of original equipment products and supply solutions to industrial customers. In the same year, Forbes magazine named Wesco as one of their 400 Best Big Companies, an honor which was received again in 2006, 2007, and 2009.
In 2006, Wesco acquired the Communication Supply Corporation, a national distributor of data communications products for enterprise and data center customers.
In November 2010 the company acquired TVC Communications.
In 2010, Wesco acquired Calgary, Alberta based Brews Supply Ltd.
In 2012, Wesco acquired EECOL Electric Corp.
In June 2012, the company acquired Conney Safety Products, LLC.
In 2014, Wesco acquired Hazmasters Inc.
In 2015, Wesco acquired Hill Country Electric Supply, Aelux, and Needham Electric Supply.
In 2016, Wesco acquired Atlanta Electrical Distributors, LLC.
In 2019, Wesco acquired OSRAM's Sylvania Lighting Solutions (SLS), now known as Wesco Energy Solutions.
On January 13, 2020, Wesco agreed to acquire Anixter. In November 2021, Wesco changed its logo as part of the post-merger integration with Anixter.
On September 7, 2022, Wesco agreed to acquire Rahi Systems.
On December 6, 2024, Wesco acquired Ascent, LLC.
Executive officers
John J. Engel – chairman, President & CEO
David S. Schulz – Executive Vice President & Chief Financial Officer
Diane E. Lazzaris – Executive Vice President & General Counsel
Christine A. Wolf – Executive Vice President & Chief Human Resources Officer
Theodore A. Dosch – Executive Vice President, Strategy & Chief Transformation Officer
Nelson J. Squires III – Executive Vice President & General Manager, Electrical & Electronic Solutions
William Clayton Geary II – Executive Vice President & General Manager, Communications & Security Solutions
James Cameron – Executive Vice President & General Manager, Utility & Broadband Solutions
Hemant Porwal – Executive Vice President, Supply Chain & Operations
Roy W. Haley – Former Chairman, President & CEO 05/1998 - 09/2009; Former CEO 02/1994 - 05/1998
Akash Khurana - CDIO
Board of directors
John J. Engel – Chairman, President, and CEO
Matthew J. Espe – Operating Partner of Advent International
Bobby J. Griffin – Former President, International Operations of Ryder System, Inc.
John K. Morgan – Former Chairman, President & CEO of Zep, Inc.
Steven A. Raymund – Former Chairman & CEO of Tech Data Corporation
James L. Singleton – Chairman & CEO of Cürex Group Holdings, LLC
Easwaran Sundaram – Executive VP and Chief Digital & Technology Officer of JetBlue Airways Corporation
Lynn M. Utter – Principal and Chief Talent Officer, Atlas Holdings
Laura K. Thompson – Former Executive Vice President of The Goodyear Tire & Rubber Company.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
WCC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$337.81
Market Cap
$16.44B
P/E (TTM)
25.9
EPS (TTM)
$13.05
Revenue (TTM)
$23.51B
Div Yield
0.54%
ROE
12.8%
Debt/Equity
1.1
52W Range
$203 – $385
WCC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$23.51B
2016-12-31
→
2025-12-31
EPS
$13.05
2016-12-31
→
2025-12-31
Free Cash Flow
$25M
2016-12-31
→
2025-12-31
Margins
2.7%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
WCC
Peer Median
P/E (TTM)
25.9
25.1
P/S (TTM)
0.7
1.8
P/B
3.3
4.9
Price / FCF
652.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
WCC
Peer Median
Operating Margin
5.2%
—
Net Profit Margin
2.7%
6.8%
ROA
4.1%
8.4%
ROE
12.8%
21.6%
ROIC
8.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
WCC
Peer Median
Debt / Equity
1.1
—
Current Ratio
2.2
2.4
Quick Ratio
0.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
WCC
Peer Median
Revenue YoY
7.8%
—
Revenue CAGR 3Y
3.1%
—
Revenue CAGR 5Y
13.8%
—
EPS YoY
0.00%
—
Net Income YoY
-10.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
WCC
Peer Median
Payout Ratio
13.8%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
0.54%
Payout Ratio
13.8%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 12, 2026 | $0.5000 |
| March 13, 2026 | $0.5000 |
| Dec. 12, 2025 | $0.4540 |
| Sept. 12, 2025 | $0.4540 |
| June 13, 2025 | $0.4540 |
| March 14, 2025 | $0.4540 |
| Dec. 13, 2024 | $0.4130 |
| Sept. 13, 2024 | $0.4130 |
| June 14, 2024 | $0.4130 |
| March 14, 2024 | $0.4130 |
| Dec. 14, 2023 | $0.3750 |
| Sept. 14, 2023 | $0.3750 |
| June 14, 2023 | $0.3750 |
| March 14, 2023 | $0.3750 |
WCC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
15 analysts
- Strong Buy 7 46.7%
- Buy 6 40.0%
- Hold 2 13.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
11 analysts · 2026-08-18
Median
$400.00
Now
$337.81
Low
$275.00
High
$440.00
Median target
$400.00
+18.4%
Mean target
$397.09
+17.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.09%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $4.57 | $4.01 | 0.56% |
| March 31, 2026 | $3.37 | $2.81 | 0.56% |
| Dec. 31, 2025 | $3.40 | $3.92 | -0.52% |
| Sept. 30, 2025 | $3.92 | $3.87 | 0.05% |
| June 30, 2025 | $3.39 | $3.37 | 0.02% |
| March 31, 2025 | $2.21 | $2.34 | -0.13% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WCC | $11.90B | 18.7 | 7.8% | 2.7% | 12.8% | — |
| URI | $51.06B | 21.0 | 4.9% | 15.5% | 28.4% | 38.2% |
| GWW | $47.85B | 28.5 | 4.5% | 9.5% | 48.1% | 39.1% |
| FAST | $46.07B | 36.8 | 8.7% | 15.3% | 33.0% | 45.0% |
| FERG | — | 24.0 | 3.8% | 6.0% | 32.3% | 30.7% |
| SUNB | $31.40B | 24.3 | 3.4% | 11.9% | 17.7% | 38.5% |
| QXO | $13.01B | -30.6 | 11925.0% | -4.1% | -2.9% | 23.0% |
| WSO | $13.14B | 27.5 | -5.0% | 6.9% | 18.3% | 28.1% |
| AIT | $12.44B | 30.9 | 8.8% | 8.3% | 22.4% | 30.3% |
| CNM | — | 23.1 | 2.8% | 5.8% | 23.9% | 26.9% |
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 | $23.51B | $21.82B | $22.39B | $21.42B | $18.22B | $12.33B | $8.36B | $8.18B | $7.68B | $7.34B | $7.52B | $7.89B | |
| Cost of Revenue | $18.54B | $17.11B | $17.54B | $16.76B | $14.43B | $10.00B | $6.78B | $6.61B | $6.19B | $5.89B | $6.02B | $6.28B | |
| SG&A Expense | $3.54B | $3.31B | $3.26B | $3.04B | $2.79B | $1.86B | $1.17B | $1.15B | $1.10B | $1.05B | $1.05B | $1.08B | |
| Operating Income | $1.23B | $1.22B | $1.41B | $1.44B | $802M | $347M | $346M | $352M | $319M | $331M | $374M | $466M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | · | $82M | |
| Other Non-op | $10M | $93M | $-25M | $-7M | $48M | $2M | $2M | $-3M | $-67M | $-75M | $0 | $0 | |
| Pretax Income | $856M | $951M | $992M | $1.14B | $582M | $123M | $282M | $281M | $252M | $132M | $304M | $384M | |
| Income Tax | $213M | $232M | $226M | $274M | $116M | $23M | $60M | $56M | $89M | $30M | $96M | $109M | |
| Net Income | $640M | $718M | $766M | $860M | $465M | $101M | $223M | $227M | $163M | $102M | $211M | $276M | |
| EPS (Basic) | $13.26 | $13.26 | $13.86 | $15.83 | $8.11 | $1.53 | $5.18 | $4.87 | $3.42 | $2.30 | $4.85 | $6.21 | |
| EPS (Diluted) | $13.05 | $13.05 | $13.54 | $15.33 | $7.84 | $1.51 | $5.14 | $4.82 | $3.38 | $2.10 | $4.18 | $5.18 | |
| Shares (Basic) | 48,700,000 | 49,800,000 | 51,100,000 | 50,700,000 | 50,300,000 | 46,174,000 | 43,104,000 | 46,722,000 | 47,849,000 | 44,116,000 | 43,433,000 | 44,440,000 | |
| Shares (Diluted) | 49,500,000 | 50,600,000 | 52,300,000 | 52,400,000 | 52,000,000 | 46,625,000 | 43,487,000 | 47,199,000 | 48,361,000 | 48,333,000 | 50,373,000 | 53,258,000 | |
| EBITDA | $1.23B | $1.22B | $1.41B | $1.44B | $802M | $347M | · | $352M | $321M | $332M | $374M | $466M |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | $213M | $449M | $151M | $96M | $118M | $110M | $160M | $128M | |
| Receivables | $4.07B | $3.45B | $3.64B | $3.66B | $2.96B | $2.47B | $1.19B | $1.17B | $1.17B | $1.03B | $1.08B | $1.12B | |
| Inventory | $4.01B | $3.50B | $3.57B | $3.50B | $2.67B | $2.16B | $1.01B | $949M | $956M | $821M | $810M | $820M | |
| Prepaid Expense | $251M | $276M | $225M | $206M | $138M | $188M | $92M | $52M | $40M | $46M | $48M | $54M | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | · | $285M | |
| Current Assets | $9.46B | $8.35B | $8.39B | $8.33B | $6.35B | $5.51B | $2.54B | $2.39B | $2.41B | $2.10B | $2.26B | $2.35B | |
| PP&E (Net) | $467M | $443M | $424M | $403M | $379M | $399M | $181M | $161M | $156M | $158M | $167M | $183M | |
| Accum. Depreciation | $626M | $554M | $502M | $426M | $365M | $312M | $268M | $292M | $278M | $259M | $243M | $229M | |
| Goodwill | $3.34B | $3.28B | $3.26B | $3.24B | $3.21B | $3.19B | $1.76B | $1.72B | $1.77B | $1.73B | $1.68B | $1.74B | |
| Intangibles | $1.77B | $1.84B | $1.86B | $1.94B | $1.94B | $2.07B | $287M | $316M | $367M | $393M | $404M | $430M | |
| Other Non-current Assets | $525M | $374M | $322M | $235M | $171M | $94M | $2M | $4M | $7M | $31M | $42M | $34M | |
| Total Assets | $16.49B | $15.06B | $15.06B | $14.81B | $12.62B | $11.88B | $5.02B | $4.61B | $4.74B | $4.43B | $4.57B | $4.75B | |
| Accounts Payable | $3.03B | $2.67B | $2.43B | $2.73B | $2.14B | $1.71B | $830M | $794M | $800M | $685M | $716M | $765M | |
| Short-term Debt | · | · | · | · | · | · | $26M | $31M | $34M | $21M | $43M | $47M | |
| Current Liabilities | $4.30B | $3.80B | $3.39B | $3.82B | $3.05B | $2.99B | $1.08B | $1.06B | $1.04B | $874M | $948M | $1.06B | |
| Capital Leases | $752M | $615M | $642M | $510M | $414M | $415M | $180M | $0 | · | · | · | · | |
| Deferred Tax | $427M | $416M | $452M | $461M | $437M | $488M | $147M | $144M | $137M | $168M | $365M | $347M | |
| Other Non-current Liabilities | $236M | $216M | $234M | $228M | $238M | $278M | $91M | $102M | $128M | $63M | $44M | $49M | |
| Total Liabilities | $11.47B | $10.10B | $10.03B | $10.36B | $8.84B | $8.54B | $2.76B | $2.48B | $2.62B | $2.47B | $2.80B | $2.83B | |
| Long-term Debt | $5.78B | $5.07B | $5.32B | $5.42B | $4.71B | $4.90B | $1.28B | $1.23B | $1.36B | $1.40B | $1.50B | $1.42B | |
| Total Debt | $5.78B | $5.07B | $5.32B | $5.42B | $4.71B | $4.90B | · | $1.22B | $1.35B | $1.39B | $1.50B | $1.42B | |
| Common Stock | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | $676.0K | $593.0K | $592.0K | $591.0K | $588.0K | $586.0K | $584.0K | |
| Retained Earnings | $5.51B | $4.96B | $4.39B | $3.79B | $3.00B | $2.60B | $2.53B | $2.31B | $2.08B | $1.91B | $1.81B | $1.60B | |
| Treasury Stock | $1.59B | $1.50B | $1.06B | $969M | $956M | $938M | $937M | $758M | $647M | $543M | $773M | $616M | |
| AOCI | $-400M | $-547M | $-332M | $-378M | $-236M | $-263M | $-368M | $-408M | $-313M | $-392M | $-428M | $-206M | |
| Stockholders' Equity | $5.03B | $4.97B | $5.04B | $4.45B | $3.78B | $3.34B | $2.27B | $2.14B | $2.12B | $1.97B | $1.78B | $1.93B | |
| Liabilities + Equity | $16.49B | $15.06B | $15.06B | $14.81B | $12.62B | $11.88B | $5.02B | $4.61B | $4.74B | $4.43B | $4.57B | $4.75B | |
| Shares Outstanding | 48,658,333 | 48,790,595 | 50,897,122 | 50,759,482 | 50,474,806 | 50,064,985 | 41,797,093 | 45,106,085 | 47,009,540 | 48,611,497 | 42,173,790 | 44,489,989 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $198M | $183M | $181M | $179M | $199M | $122M | $62M | $63M | $64M | $67M | $65M | $68M | |
| Stock-based Comp | $40M | $29M | $48M | $46M | $31M | $19M | $19M | $16M | $15M | $12M | $13M | $15M | |
| Deferred Tax | $7M | $-40M | $-8M | $-1M | $-78M | $-34M | $13M | $9M | $-50M | $-45M | $43M | $5M | |
| Amort. of Intangibles | $89M | $86M | $89M | $93M | $120M | $66M | $36M | $36M | $38M | $39M | $37M | $39M | |
| Operating Cash Flow | $125M | $1.10B | $493M | $11M | $67M | $544M | $224M | $297M | $149M | $300M | $283M | $251M | |
| CapEx | $100M | $95M | $92M | $99M | $55M | $57M | $44M | $36M | $22M | $18M | $22M | $21M | |
| Investing Cash Flow | $-141M | $40M | $-90M | $-284M | $2M | $-3.74B | $-61M | $-34M | $-5M | $-70M | $-170M | $-144M | |
| Debt Issued | $6.93B | $6.78B | $3.29B | $4.47B | $3.23B | $5.11B | $1.31B | $1.19B | $1.50B | $2.08B | $1.53B | $1.17B | |
| Net Debt Issued | $704M | $-278M | $-56M | $698M | $666M | $3.60B | · | $-125M | $-52M | $-241M | $93M | $-76M | |
| Stock Repurchased | $75M | $425M | $75M | $11M | $0 | $0 | $150M | $127M | $107M | $5M | $156M | $7M | |
| Net Stock Activity | $-75M | $-425M | $-75M | $-11M | $0 | $-3M | · | $-127M | $-107M | $-5M | $-156M | $-7M | |
| Dividends Paid | $88M | $82M | $77M | $0 | $0 | $30M | $0 | $0 | · | · | · | · | |
| Financing Cash Flow | $-93M | $-928M | $-404M | $584M | $-311M | $3.48B | $-110M | $-275M | $-141M | $-276M | $-68M | $-95M | |
| Net Change in Cash | $-98M | $178M | $-3M | $315M | $-237M | $298M | $55M | $-22M | $8M | $-50M | $32M | $5M | |
| Free Cash Flow | $25M | $1.01B | $401M | $-88M | $12M | $487M | · | $261M | $128M | $282M | $261M | $231M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | $172M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 5.2% | 5.6% | 6.3% | 6.7% | 4.4% | 2.8% | · | 4.3% | 4.2% | 4.5% | 5.0% | 5.9% | |
| Net Margin | 2.7% | 3.3% | 3.4% | 4.0% | 2.5% | 0.82% | · | 2.8% | 2.1% | 1.4% | 2.8% | 3.5% | |
| Pretax Margin | 3.6% | 4.4% | 4.4% | 5.3% | 3.2% | 1.0% | · | 3.4% | 3.3% | 1.8% | 4.0% | 4.9% | |
| EBITDA Margin | 5.2% | 5.6% | 6.3% | 6.7% | 4.4% | 2.8% | · | 4.3% | 4.2% | 4.5% | 5.0% | 5.9% | |
| ROA | 4.1% | 4.8% | 5.1% | 6.3% | 3.8% | 1.2% | · | 4.9% | 3.6% | 2.2% | 4.5% | 5.9% | |
| ROE | 12.8% | 14.3% | 16.1% | 20.9% | 13.1% | 3.6% | · | 10.7% | 8.0% | 5.4% | 11.4% | 14.9% | |
| ROIC | 8.6% | 9.2% | 10.5% | 11.1% | 7.6% | 3.4% | · | 8.4% | 6.0% | 7.5% | 7.8% | 10.0% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.2 | 2.2 | 2.5 | 2.2 | 2.1 | 1.8 | · | 2.2 | 2.3 | 2.4 | 2.4 | 2.2 | |
| Quick Ratio | 0.9 | 0.9 | 1.1 | 1.0 | 1.0 | 1.0 | · | 1.2 | 1.2 | 1.3 | 1.3 | 1.2 | |
| Debt / Equity | 1.1 | 1.0 | 1.1 | 1.2 | 1.2 | 1.5 | · | 0.6 | 0.6 | 0.7 | 0.8 | 0.7 | |
| LT Debt / Equity | 1.1 | 1.0 | 1.1 | 1.2 | 1.2 | 1.3 | · | 0.5 | 0.6 | 0.7 | 0.8 | 0.7 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | 5.7 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.5 | 1.4 | 1.5 | 1.6 | 1.5 | 1.5 | · | 1.8 | 1.7 | 1.6 | 1.6 | 1.7 | |
| Inventory Turnover | 4.9 | 4.8 | 5.0 | 5.4 | 6.0 | 6.3 | · | 6.9 | 7.0 | 7.2 | 7.4 | 7.8 | |
| Receivables Turnover | 6.2 | 6.2 | 6.1 | 6.5 | 6.7 | 6.7 | · | 7.0 | 7.0 | 7.0 | 6.9 | 7.3 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.8% | -2.5% | 4.5% | 17.6% | 47.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.1% | 6.2% | 22.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 13.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 0.00% | -3.6% | -11.7% | 95.5% | 419.2% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -5.2% | 18.5% | 107.7% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 53.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -10.8% | -6.3% | -11.0% | 84.9% | 362.8% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -9.4% | 15.5% | 96.7% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 44.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 24.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $23.51B | $21.82B | $22.39B | $21.42B | $18.22B | $12.33B | $8.36B | $8.18B | $7.68B | $7.34B | $7.52B | $7.89B | |
| Net Income TTM | $640M | $718M | $766M | $860M | $465M | $101M | $223M | $227M | $163M | $102M | $211M | $276M | |
| Market Cap | $11.90B | $8.83B | $8.85B | $6.36B | $6.64B | $3.93B | · | $2.17B | $3.20B | $3.24B | $1.84B | $3.39B | |
| Enterprise Value | · | · | · | · | $11.14B | $8.38B | · | $3.29B | $4.43B | $4.51B | $3.18B | $4.68B | |
| P/E | 18.7 | 13.9 | 12.8 | 8.2 | 16.8 | 52.0 | 11.6 | 10.0 | 20.2 | 31.7 | 10.4 | 14.7 | |
| P/S | 0.5 | 0.4 | 0.4 | 0.3 | 0.4 | 0.3 | · | 0.3 | 0.4 | 0.4 | 0.2 | 0.4 | |
| P/B | 2.4 | 1.8 | 1.8 | 1.4 | 1.8 | 1.2 | · | 1.0 | 1.5 | 1.6 | 1.0 | 1.8 | |
| P / Cash Flow | 95.2 | 8.0 | 17.9 | 575.7 | 98.9 | 7.2 | · | 7.3 | 21.5 | 10.8 | 6.5 | 13.5 | |
| P / FCF | 472.4 | 8.8 | 22.1 | -71.9 | 536.0 | 8.1 | · | 8.3 | 25.1 | 11.5 | 7.0 | 14.7 | |
| EV / EBITDA | · | · | · | · | 13.9 | 24.1 | · | 9.3 | 13.8 | 13.6 | 8.5 | 10.0 | |
| EV / FCF | · | · | · | · | 899.0 | 17.2 | · | 12.6 | 34.7 | 16.0 | 12.2 | 20.3 | |
| EV / Revenue | · | · | · | · | 0.6 | 0.7 | · | 0.4 | 0.6 | 0.6 | 0.4 | 0.6 | |
| Dividend Yield | 0.74% | 0.92% | 0.87% | 0.00% | 0.00% | 0.77% | · | 0.00% | · | · | · | · | |
| Earnings Yield | 5.3% | 7.2% | 7.8% | 12.2% | 6.0% | 1.9% | 8.6% | 10.0% | 5.0% | 3.2% | 9.6% | 6.8% | |
| Payout Ratio | 13.8% | 11.4% | 10.0% | 6.7% | 12.3% | 30.0% | · | · | · | · | · | · | |
| Annual Payout | $88M | $82M | $77M | $0 | $0 | $30M | $0 | $0 | · | · | · | · |
Income Statement 13
| 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 | $6.67B | $6.08B | $6.07B | $6.20B | $5.90B | $5.34B | $5.50B | $5.49B | $5.48B | $5.35B | $5.47B | $5.64B | $5.75B | $5.52B | $5.56B | $5.45B | |
| Cost of Revenue | · | $4.79B | $4.78B | $4.88B | $4.66B | $4.22B | $4.34B | $4.28B | $4.28B | $4.21B | $4.30B | $4.42B | $4.50B | $4.31B | $4.34B | $4.24B | |
| SG&A Expense | $1.02B | $948M | $910M | $923M | $872M | $836M | $817M | $831M | $828M | $829M | $810M | $796M | $832M | $818M | $793M | $760M | |
| Operating Income | $382M | $294M | $324M | $345M | $322M | $241M | $301M | $336M | $324M | $263M | $316M | $380M | $364M | $346M | $382M | $402M | |
| Other Non-op | $200.0K | $400.0K | $2M | $0 | $7M | $-200.0K | $-6M | $25M | $96M | $-22M | $-10M | $-4M | $-800.0K | $-10M | $-4M | $-700.0K | |
| Pretax Income | $272M | $197M | $218M | $246M | $237M | $154M | $209M | $274M | $321M | $147M | $208M | $278M | $264M | $241M | $291M | $326M | |
| Income Tax | $62M | $43M | $58M | $58M | $62M | $36M | $44M | $69M | $88M | $31M | $66M | $44M | $72M | $44M | $71M | $86M | |
| Net Income | $209M | $154M | $160M | $188M | $174M | $118M | $165M | $204M | $232M | $116M | $142M | $233M | $193M | $197M | $219M | $240M | |
| EPS (Basic) | $4.28 | $3.16 | $3.40 | $3.85 | $3.88 | $2.13 | $3.06 | $3.87 | $4.34 | $1.99 | $2.52 | $4.28 | $3.48 | $3.58 | $4.03 | $4.43 | |
| EPS (Diluted) | $4.23 | $3.11 | $3.33 | $3.79 | $3.83 | $2.10 | $3.01 | $3.81 | $4.28 | $1.95 | $2.45 | $4.20 | $3.41 | $3.48 | $3.89 | $4.30 | |
| Shares (Basic) | 48,800,000 | 48,700,000 | -97,600,000 | 48,700,000 | 48,800,000 | 48,800,000 | -100,400,000 | 49,100,000 | 50,200,000 | 50,900,000 | -102,400,000 | 51,200,000 | 51,300,000 | 51,000,000 | -101,400,000 | 50,800,000 | |
| Shares (Diluted) | 49,400,000 | 49,500,000 | -99,000,000 | 49,500,000 | 49,400,000 | 49,600,000 | -102,000,000 | 49,800,000 | 50,900,000 | 51,900,000 | -104,800,000 | 52,200,000 | 52,400,000 | 52,500,000 | -104,400,000 | 52,400,000 | |
| EBITDA | $382M | $294M | · | $345M | $322M | $241M | · | $382M | $370M | $263M | · | $380M | $364M | $346M | · | $402M |
Balance Sheet 25
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables | $4.68B | $4.27B | $4.07B | $4.20B | $3.94B | $3.64B | $3.45B | $3.63B | $3.65B | $3.53B | · | $3.79B | $3.85B | $3.81B | · | $3.62B | |
| Inventory | $4.42B | $4.21B | $4.01B | $4.06B | $3.97B | $3.74B | $3.50B | $3.63B | $3.51B | $3.53B | · | $3.54B | $3.58B | $3.73B | · | $3.49B | |
| Prepaid Expense | $373M | $292M | $251M | $271M | $252M | $271M | $276M | $319M | $296M | $287M | · | $232M | $239M | $218M | · | $162M | |
| Current Assets | $10.75B | $9.95B | $9.46B | $9.57B | $9.24B | $8.69B | $8.35B | $8.68B | $8.54B | $8.91B | · | $8.61B | $8.58B | $8.45B | · | $7.90B | |
| PP&E (Net) | $484M | $476M | $467M | $448M | $453M | $446M | $443M | $442M | $438M | $428M | · | $411M | $411M | $402M | · | $372M | |
| Accum. Depreciation | $673M | $649M | $626M | $603M | $602M | $574M | $554M | $533M | $514M | $506M | · | $485M | $473M | $453M | · | $407M | |
| Goodwill | $3.31B | $3.33B | $3.34B | $3.33B | $3.35B | $3.30B | $3.28B | $3.22B | $3.20B | $3.18B | $3.26B | $3.24B | $3.27B | $3.24B | $3.24B | $3.12B | |
| Intangibles | $1.72B | $1.75B | $1.77B | $1.79B | $1.82B | $1.83B | $1.84B | $1.81B | $1.82B | $1.83B | · | $1.87B | $1.90B | $1.92B | · | $1.85B | |
| Other Non-current Assets | $581M | $520M | $525M | $480M | $448M | $434M | $374M | $335M | $314M | $311M | · | $337M | $318M | $295M | · | $259M | |
| Total Assets | $17.81B | $16.96B | $16.49B | $16.55B | $16.20B | $15.52B | $15.06B | $15.28B | $15.11B | $15.54B | · | $15.17B | $15.16B | $14.97B | · | $14.08B | |
| Accounts Payable | $3.74B | $3.47B | $3.03B | $3.38B | $3.29B | $3.03B | $2.67B | $2.84B | $2.69B | $2.97B | · | $2.65B | $2.66B | $2.65B | · | $2.58B | |
| Current Liabilities | $5.14B | $4.69B | $4.30B | $4.58B | $4.43B | $4.04B | $3.80B | $3.93B | $3.75B | $4.04B | · | $3.65B | $3.58B | $3.54B | · | $3.57B | |
| Capital Leases | $770M | $750M | $752M | $764M | $719M | $656M | $615M | $625M | $639M | $644M | · | $575M | $559M | $540M | · | $455M | |
| Deferred Tax | $442M | $456M | $427M | $414M | $414M | $418M | $416M | $440M | $442M | $458M | · | $458M | $477M | $472M | · | $443M | |
| Other Non-current Liabilities | $333M | $235M | $236M | $232M | $242M | $240M | $216M | $237M | $224M | $237M | · | $220M | $221M | $235M | · | $230M | |
| Total Liabilities | $12.60B | $11.87B | $11.47B | $11.71B | $11.45B | $10.48B | $10.10B | $10.24B | $10.26B | $10.56B | · | $10.29B | $10.36B | $10.38B | · | $9.89B | |
| Long-term Debt | $5.94B | $5.76B | $5.78B | $5.75B | $5.67B | $5.16B | $5.07B | $5.02B | $5.22B | $5.19B | · | $5.39B | $5.53B | $5.60B | · | $5.26B | |
| Total Debt | $5.94B | $5.76B | · | $5.75B | $5.67B | $5.16B | · | $5.02B | $5.22B | $5.19B | · | $5.39B | $5.53B | $5.60B | · | $5.26B | |
| Common Stock | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | · | $700.0K | $700.0K | $700.0K | · | $685.0K | |
| Retained Earnings | $5.82B | $5.64B | $5.51B | $5.37B | $5.21B | $5.04B | $4.96B | $4.83B | $4.66B | $4.46B | · | $4.28B | $4.09B | $3.93B | · | $3.59B | |
| Treasury Stock | $1.68B | $1.62B | $1.59B | $1.59B | $1.55B | $1.52B | $1.50B | $1.44B | $1.42B | $1.11B | · | $1.04B | $984M | $982M | · | $958M | |
| AOCI | $-462M | $-426M | $-400M | $-429M | $-382M | $-531M | $-547M | $-390M | $-424M | $-402M | · | $-384M | $-320M | $-361M | · | $-430M | |
| Stockholders' Equity | $5.22B | $5.10B | $5.03B | $4.85B | $4.76B | $5.04B | $4.97B | $5.04B | $4.86B | $4.98B | · | $4.89B | $4.81B | $4.59B | · | $4.20B | |
| Liabilities + Equity | $17.81B | $16.96B | $16.49B | $16.55B | $16.20B | $15.52B | $15.06B | $15.28B | $15.11B | $15.54B | · | $15.17B | $15.16B | $14.97B | · | $14.08B | |
| Shares Outstanding | 48,732,756 | 48,698,535 | 48,658,333 | 48,646,200 | 48,660,000 | 48,800,081 | 48,790,595 | 49,000,624 | 49,153,921 | 50,821,334 | · | 51,074,676 | 51,293,059 | 51,254,021 | · | 50,836,855 |
Cash Flow 15
| 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 | $51M | $51M | $52M | $49M | $48M | $48M | $46M | $46M | $46M | $46M | $45M | $45M | $47M | $44M | $44M | $43M | |
| Stock-based Comp | $19M | $16M | $11M | $11M | $8M | $10M | $9M | $7M | $3M | $10M | $13M | $11M | $12M | $12M | $12M | $10M | |
| Deferred Tax | $-13M | $28M | · | · | $-5M | $900.0K | · | · | $-12M | $5M | $-14M | $-10M | $5M | $12M | $-8M | $6M | |
| Amort. of Intangibles | $21M | $22M | $22M | $22M | $22M | $22M | $21M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $22M | $21M | |
| Operating Cash Flow | $54M | $221M | $72M | $-83M | $108M | $28M | $277M | $302M | $-224M | $746M | $69M | $362M | $318M | $-255M | $422M | $-106M | |
| CapEx | $28M | $23M | $44M | $13M | $22M | $20M | $24M | $29M | $21M | $20M | $29M | $19M | $30M | $14M | $40M | $28M | |
| Investing Cash Flow | $-28M | $-20M | $-40M | $-24M | $-22M | $-54M | $-209M | $-19M | $286M | $-16M | $-28M | $-18M | $-31M | $-13M | $-226M | $-26M | |
| Debt Issued | $2.96B | $2.37B | $1.85B | $1.48B | $1.76B | $1.83B | $1.25B | $768M | $2.29B | $2.47B | $1.18B | $518M | $628M | $968M | $1.33B | $1.39B | |
| Net Debt Issued | · | $2.37B | · | · | · | $1.83B | · | · | · | $2.47B | · | · | · | $968M | · | · | |
| Stock Repurchased | $15M | $25M | $0 | $25M | $25M | $25M | $50M | $25M | $300M | $50M | $25M | $50M | $0 | $0 | $11M | · | |
| Net Stock Activity | · | $-25M | · | · | · | $-25M | · | · | · | $-50M | · | · | · | · | · | · | |
| Dividends Paid | $24M | $24M | $22M | $22M | $22M | $22M | $20M | $20M | $20M | $21M | $19M | $19M | $19M | $19M | $0 | $-29M | |
| Financing Cash Flow | $86M | $-108M | $2M | $14M | $-111M | $2M | $-54M | $-293M | $-327M | $-254M | $-150M | $-233M | $-109M | $89M | $107M | $137M | |
| Net Change in Cash | $112M | $92M | $33M | $-95M | $-15M | $-21M | $-4M | $-10M | $-269M | $461M | $-107M | $102M | $180M | $-178M | $293M | $-3M | |
| Free Cash Flow | · | $198M | · | · | · | $8M | · | · | · | $726M | · | · | · | $-269M | · | · |
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 | 5.7% | 4.8% | · | 5.6% | 5.5% | 4.5% | · | 6.1% | 5.9% | 4.9% | · | 6.7% | 6.3% | 6.3% | · | 7.4% | |
| Net Margin | 3.1% | 2.5% | · | 3.0% | 3.0% | 2.2% | · | 3.7% | 4.2% | 2.2% | · | 4.1% | 3.4% | 3.6% | · | 4.4% | |
| Pretax Margin | 4.1% | 3.2% | · | 4.0% | 4.0% | 2.9% | · | 5.0% | 5.9% | 2.8% | · | 4.9% | 4.6% | 4.4% | · | 6.0% | |
| EBITDA Margin | 5.7% | 4.8% | · | 5.6% | 5.5% | 4.5% | · | 7.0% | 6.7% | 4.9% | · | 6.7% | 6.3% | 6.3% | · | 7.4% | |
| ROA | 1.2% | 0.95% | · | 1.2% | 1.1% | 0.76% | · | 1.3% | 1.5% | 0.76% | · | 1.6% | 1.3% | 1.4% | · | 1.8% | |
| ROE | 4.2% | 3.0% | · | 3.8% | 3.6% | 2.4% | · | 4.1% | 4.8% | 2.4% | · | 5.1% | 4.3% | 4.6% | · | 6.2% | |
| ROIC | 2.6% | 2.1% | · | 2.5% | 2.3% | 1.8% | · | 2.5% | 2.3% | 2.0% | · | 3.1% | 2.6% | 2.8% | · | 3.1% |
Liquidity & Solvency 4
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.1 | 2.1 | · | 2.1 | 2.1 | 2.2 | · | 2.2 | 2.3 | 2.2 | · | 2.4 | 2.4 | 2.4 | · | 2.2 | |
| Quick Ratio | 0.9 | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 1.0 | 0.9 | · | 1.0 | 1.1 | 1.1 | · | 1.0 | |
| Debt / Equity | 1.1 | 1.1 | · | 1.2 | 1.2 | 1.0 | · | 1.0 | 1.1 | 1.0 | · | 1.1 | 1.2 | 1.2 | · | 1.3 | |
| LT Debt / Equity | 1.1 | 1.1 | · | 1.2 | 1.2 | 1.0 | · | 1.0 | 1.1 | 1.0 | · | 1.1 | 1.1 | 1.2 | · | 1.2 |
Efficiency 3
| 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 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.3 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | |
| Inventory Turnover | · | 1.2 | · | 1.3 | 1.2 | 1.2 | · | 1.2 | 1.2 | 1.2 | · | 1.3 | 1.3 | 1.3 | · | 1.4 | |
| Receivables Turnover | 1.5 | 1.5 | · | 1.6 | 1.6 | 1.5 | · | 1.5 | 1.5 | 1.5 | · | 1.5 | 1.5 | 1.6 | · | 1.7 |
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 | $24.84B | $23.52B | · | $22.93B | $22.21B | $21.66B | · | $21.96B | $22.22B | $22.26B | · | $22.36B | $22.20B | $21.38B | · | $20.59B | |
| Net Income TTM | $725M | $634M | · | $685M | $729M | $671M | · | $786M | $774M | $739M | · | $863M | $850M | $839M | · | $761M | |
| Market Cap | $16.83B | $13.32B | · | $10.29B | $9.01B | $7.58B | · | $8.23B | $7.79B | $8.70B | · | $7.35B | $9.18B | $7.92B | · | $6.07B | |
| P/E | 23.1 | 21.3 | · | 15.6 | 13.2 | 12.8 | · | 11.8 | 11.5 | 13.1 | · | 9.3 | 11.8 | 10.4 | · | 8.9 | |
| P/S | 0.7 | 0.6 | · | 0.4 | 0.4 | 0.3 | · | 0.4 | 0.4 | 0.4 | · | 0.3 | 0.4 | 0.4 | · | 0.3 | |
| P/B | 3.2 | 2.6 | · | 2.1 | 1.9 | 1.5 | · | 1.6 | 1.6 | 1.7 | · | 1.5 | 1.9 | 1.7 | · | 1.4 | |
| P / Tangible Book | 91.6 | 526.7 | · | · | · | · | · | 609.7 | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | 60.2 | · | · | · | 270.7 | · | · | · | 11.7 | · | · | · | -31.0 | · | · | |
| P / FCF | · | 67.3 | · | · | · | 997.2 | · | · | · | 12.0 | · | · | · | -29.4 | · | · | |
| Earnings Yield | 4.3% | 4.7% | · | 6.4% | 7.6% | 7.8% | · | 8.5% | 8.7% | 7.6% | · | 10.7% | 8.5% | 9.7% | · | 11.3% | |
| Payout Ratio | · | 15.9% | · | · | · | 18.7% | · | · | · | 18.1% | · | · | · | 9.7% | · | · |
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 | $23.51B | $21.82B | $22.39B | $21.42B | $18.22B |
| Operating Margin % | 5.2% | 5.6% | 6.3% | 6.7% | 4.4% |
| Net Income | $640M | $718M | $766M | $860M | $465M |
| Diluted EPS | $13.05 | $13.05 | $13.54 | $15.33 | $7.84 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.1 | 1.0 | 1.1 | 1.2 | 1.2 |
| Current Ratio | 2.2 | 2.2 | 2.5 | 2.2 | 2.1 |
| Quick Ratio | 0.9 | 0.9 | 1.1 | 1.0 | 1.0 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $25M | $1.01B | $401M | $-88M | $12M |
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 756 filers · $9.0B 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 |
|---|---|---|---|---|
| 122 (+15 vs prior Q) | 32 (-38 vs prior Q) | 209 (-12 vs prior Q) | 270 (+52 vs prior Q) | -2.4M |
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 CAPITAL MANAGEMENT LLC | $760,143,931 | 2,200,573 | 8.43% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $715,814,209 | 2,072,241 | 7.93% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $645,299,307 | 1,868,105 | 7.15% | Shares |
| STATE STREET CORP | $523,608,321 | 1,515,816 | 5.80% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $465,268,303 | 1,346,925 | 5.16% | Shares |
| NORGES BANK | $297,196,573 | 860,367 | 3.29% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $254,008,446 | 735,104 | 2.82% | Shares |
| Alyeska Investment Group, L.P. | $225,769,939 | 653,591 | 2.50% | Shares |
| LYRICAL ASSET MANAGEMENT LP | $198,960,771 | 575,980 | 2.21% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $175,189,315 | 507,163 | 1.94% | Shares |
| Artisan Partners Limited Partnership | $147,350,974 | 426,573 | 1.63% | Shares |
| FMR LLC | $138,624,859 | 401,311 | 1.54% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $133,900,413 | 387,634 | 1.48% | Shares |
| Davis Selected Advisers | $125,503,133 | 363,915 | 1.39% | Shares |
| JANE STREET GROUP, LLC | $120,396,863 | 348,542 | 1.33% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $106,457,035 | 308,187 | 1.18% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $103,007,000 | 298,199 | 1.14% | Shares |
| Quantinno Capital Management LP | $99,080,335 | 286,831 | 1.10% | Shares |
| Clearbridge Investments, LLC | $96,050,870 | 278,062 | 1.06% | Shares |
| AMERICAN CENTURY COMPANIES INC | $90,824,624 | 262,932 | 1.01% | Shares |
| Capital Research Global Investors | $89,985,551 | 260,503 | 1.00% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $83,033,755 | 240,378 | 0.92% | Shares |
| Merewether Investment Management, LP | $80,631,652 | 233,424 | 0.89% | Shares |
| Holocene Advisors, LP | $80,551,858 | 233,193 | 0.89% | Shares |
| JENNISON ASSOCIATES LLC | $76,785,980 | 222,291 | 0.85% | Shares |
| Point72 Asset Management, L.P. | $75,536,905 | 218,675 | 0.84% | Shares |
| Qube Research & Technologies Ltd | $73,764,504 | 213,544 | 0.82% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $69,531,950 | 201,291 | 0.77% | Shares |
| RAYMOND JAMES FINANCIAL INC | $63,084,279 | 182,625 | 0.70% | Shares |
| CITADEL ADVISORS LLC | $62,680,346 | 181,456 | 0.69% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $62,515,691 | 179,989 | 0.69% | Shares |
| Swedbank AB | $61,308,298 | 177,484 | 0.68% | Shares |
| FARMERS & MERCHANTS INVESTMENTS INC | $60,124,510 | 174,057 | 0.67% | Shares |
| Copeland Capital Management, LLC | $58,423,925 | 169,133 | 0.65% | Shares |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | $56,634,976 | 163,955 | 0.63% | Shares |
| MORGAN STANLEY | $52,057,610 | 150,703 | 0.58% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $50,807,917 | 147,086 | 0.56% | Shares |
| Gotham Asset Management, LLC | $47,124,251 | 136,422 | 0.52% | Shares |
| BlackRock, Inc. | $46,924,938 | 135,845 | 0.52% | Shares |
| RHUMBLINE ADVISERS | $43,707,546 | 126,531 | 0.48% | Shares |
| Ensign Peak Advisors, Inc | $42,027,086 | 121,666 | 0.47% | Shares |
| SEIZERT CAPITAL PARTNERS, LLC | $41,878,206 | 121,235 | 0.46% | Shares |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $41,561,101 | 120,317 | 0.46% | Shares |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | $39,110,966 | 113,224 | 0.43% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $38,066,386 | 110,200 | 0.42% | Call option |
| GUYASUTA INVESTMENT ADVISORS INC | $37,551,350 | 108,709 | 0.42% | Shares |
| California Public Employees Retirement System | $35,240,423 | 102,019 | 0.39% | Shares |
| Retirement Systems of Alabama | $33,796,526 | 97,839 | 0.37% | Shares |
| Swiss National Bank | $33,732,967 | 97,655 | 0.37% | Shares |
| Point72 Europe (London) LLP | $29,698,619 | 140,419 | 0.33% | Shares |
| Generali Powszechne Towarzystwo Emerytalne | $28,559,807 | 82,679 | 0.32% | Shares |
| Mizuho Markets Cayman LP | $26,371,853 | 76,345 | 0.29% | Shares |
| GOLDMAN SACHS GROUP INC | $26,287,223 | 76,100 | 0.29% | Shares |
| Mawer Investment Management Ltd. | $25,774,605 | 74,616 | 0.29% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $24,984,606 | 72,329 | 0.28% | Shares |
| Sea Cliff Partners Management, LP | $24,870,960 | 72,000 | 0.28% | Shares |
| PZENA INVESTMENT MANAGEMENT LLC | $24,696,172 | 71,494 | 0.27% | Shares |
| River Road Asset Management, LLC | $24,186,663 | 70,019 | 0.27% | Shares |
| MACKENZIE FINANCIAL CORP | $23,981,478 | 69,425 | 0.27% | Shares |
| CIBC Private Wealth Group LLC | $22,630,133 | 106,998 | 0.25% | Shares |
| Robeco Schweiz AG | $22,591,122 | 65,400 | 0.25% | Shares |
| FIRST TRUST ADVISORS LP | $22,567,648 | 65,333 | 0.25% | Shares |
| Leeward Investments, LLC - MA | $22,556,347 | 65,299 | 0.25% | Shares |
| ALGERT GLOBAL LLC | $22,503,383 | 65,146 | 0.25% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $22,176,606 | 64,200 | 0.25% | Put option |
| AEGON ASSET MANAGEMENT UK Plc | $21,876,773 | 63,332 | 0.24% | Shares |
| Rockefeller Capital Management L.P. | $21,750,267 | 62,965 | 0.24% | Shares |
| Glenmede Investment Management, LP | $21,719,358 | 102,692 | 0.24% | Shares |
| CITADEL ADVISORS LLC | $21,174,859 | 61,300 | 0.23% | Call option |
| CITIGROUP INC | $20,765,179 | 60,114 | 0.23% | Shares |
| BANK OF AMERICA CORP /DE/ | $20,395,569 | 59,044 | 0.23% | Shares |
| Jain Global LLC | $19,845,644 | 57,452 | 0.22% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $19,685,710 | 56,989 | 0.22% | Shares |
| D.A. DAVIDSON & CO. | $19,089,498 | 55,263 | 0.21% | Shares |
| PRUDENTIAL FINANCIAL INC | $18,738,541 | 54,247 | 0.21% | Shares |
| First Eagle Investment Management, LLC | $18,220,742 | 52,748 | 0.20% | Shares |
| ALLIANCEBERNSTEIN L.P. | $18,082,999 | 66,088 | 0.20% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $18,000,703 | 52,111 | 0.20% | Shares |
| AMERIPRISE FINANCIAL INC | $17,473,196 | 50,584 | 0.19% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $17,372,207 | 50,580 | 0.19% | Shares |
| LPL Financial LLC | $17,091,724 | 49,480 | 0.19% | Shares |
| Corient Private Wealth LP | $16,969,584 | 49,126 | 0.19% | Shares |
| Generate Investment Management Ltd | $16,360,601 | 47,363 | 0.18% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $15,419,308 | 56,353 | 0.17% | Shares |
| Toroso Investments, LLC | $15,329,876 | 62,663 | 0.17% | Shares |
| Squarepoint Ops LLC | $15,228,282 | 44,085 | 0.17% | Shares |
| TRAN CAPITAL MANAGEMENT, L.P. | $15,168,176 | 43,911 | 0.17% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $14,150,885 | 40,966 | 0.16% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $14,012,023 | 40,564 | 0.16% | Shares |
| Nuveen Asset Management, LLC | $13,952,016 | 77,100 | 0.15% | Shares |
| GLENMEDE TRUST CO NA | $13,895,958 | 40,228 | 0.15% | Shares |
| UBS Group AG | $13,793,020 | 39,930 | 0.15% | Shares |
| JANE STREET GROUP, LLC | $13,644,485 | 39,500 | 0.15% | Call option |
| CAPTRUST FINANCIAL ADVISORS | $13,522,105 | 39,146 | 0.15% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $13,413,392 | 38,831 | 0.15% | Shares |
| ROYCE & ASSOCIATES LP | $13,367,105 | 38,697 | 0.15% | Shares |
| CIBC Bancorp USA Inc. | $13,280,747 | 38,432 | 0.15% | Shares |
| NATIXIS | $13,248,277 | 38,353 | 0.15% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $13,181,263 | 38,159 | 0.15% | Shares |
| Nuveen, LLC | $13,077,634 | 37,859 | 0.14% | Shares |
Company insiders 65 insiders · 40 officers · 22 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| John Engel | Chairman, President & CEO | June 30, 2026 A | 478,977 | 0 | 13 | $-40,045,410 |
| Indraneel Dev | EVP & CFO | June 30, 2026 A | 16,880 | 0 | 0 | $0 |
| David S. Schulz | EVP & Former CFO | May 6, 2026 S | 77,038 | 0 | 10 | $-18,640,428 |
| Kenneth Scott Parks | SVP and CFO | Feb. 21, 2016 M | 4,114 | 0 | 0 | $0 |
| Richard Heyse | Vice President and CFO | Feb. 16, 2011 A | 32,000 | 0 | 0 | $0 |
| Stephen A Van Oss | SVP & COO | April 28, 2015 M | 101,445 | 0 | 0 | $0 |
| Akash Khurana | EVP, Chief Info & Digital Off. | Aug. 17, 2026 S | 27,404 | 0 | 7 | $-2,683,578 |
| Anthony S Marino | EVP & CHRO | July 23, 2026 A | 1,021 | 0 | 0 | $0 |
| Dirk Waugh Naylor | EVP & GM, Comm & Sec Solutions | June 30, 2026 F | 8,683 | 0 | 4 | $-1,387,880 |
| Hemant Porwal | EVP Supply Chain & Operations | June 30, 2026 A | 16,621 | 0 | 2 | $-2,613,441 |
| James Cameron | EVP & GM, Util & Broadband | June 30, 2026 A | 46,469 | 0 | 1 | $-2,338,096 |
| Matthew S Kulasa | SVP, Corp. Controller & CAO | June 30, 2026 A | 3,147 | 0 | 3 | $-584,841 |
| Christine Ann Wolf | EVP & CHRO | June 30, 2026 A | 29,574 | 0 | 6 | $-3,692,108 |
| Diane Lazzaris | EVP and General Counsel | June 30, 2026 A | 19,615 | 0 | 21 | $-14,318,763 |
| Nelson John Squires III | Retiring EVP & GM, EES | Sept. 30, 2025 A | 48,634 | 0 | 1 | $-3,025,950 |
| William Clayton Geary | EVP & GM, Comm & Sec Solutions | June 30, 2025 A | 55,904 | 0 | 0 | $0 |
| Ted A Dosch | EVP, Strategy & CTO | July 1, 2022 M | 25,965 | 0 | 0 | $0 |
| Robert Minicozzi | CIO & VP, IT | Feb. 16, 2020 M | 12,857 | 0 | 0 | $0 |
| Kimberly G Windrow | SVP and CHRO | Feb. 17, 2018 M | 11,589 | 0 | 0 | $0 |
| Timothy A Hibbard | Vice Pres-Corporate Controller | Feb. 21, 2016 M | 3,143 | 0 | 0 | $0 |
| Daniel A Brailer | VP,Investor Rel.& Corp.Affairs | Feb. 17, 2015 A | 10,453 | 0 | 0 | $0 |
| Allan A Duganier | Director of Internal Audit | Feb. 16, 2015 M | 1,540 | 0 | 0 | $0 |
| Roy W Haley | Executive Chairman | May 25, 2011 M | 996,222 | 0 | 0 | $0 |
| David Scott Bemoras | Group Vice President & GM | July 1, 2010 A | 14,750 | 0 | 0 | $0 |
| Andrew J. Bergdoll | VP, Operations | July 1, 2010 A | 14,300 | 0 | 0 | $0 |
| Robert B Rosenbaum | Vice President, Operations | July 1, 2010 A | 50,000 | 0 | 0 | $0 |
| Ronald P Van Je | VICE PRESIDENT | July 1, 2010 A | 6,624 | 0 | 0 | $0 |
| James R. Griffin | VP, Operations | July 1, 2009 A | 13,175 | 0 | 0 | $0 |
| Leslie J Parrette | Sr. VP, Legal Affairs | July 1, 2009 A | — | 0 | 0 | $0 |
| Robert J. Powell | VP - Human Resources | July 1, 2008 A | — | 0 | 0 | $0 |
| William E Cenk Jr | Vice President | July 1, 2008 A | 60,531 | 0 | 0 | $0 |
| Marcy Smorey-Giger | CORPORATE SECRETARY | July 1, 2008 A | 667 | 0 | 0 | $0 |
| Donald H Thimjon | VICE PRESIDENT, OPERATIONS | May 12, 2008 M | 7,500 | 0 | 0 | $0 |
| GOODWIN WILLIAM M | VICE PRESIDENT, OPERATIONS | March 28, 2008 M | 30,000 | 0 | 0 | $0 |
| Steven J Riordan | Vice President | July 1, 2007 A | — | 0 | 0 | $0 |
| Carl E Hansen | Operations Controller | Dec. 22, 2006 M | 0 | 0 | 0 | $0 |
| Stanley J Baumgartner Jr | CORPORATE CONTROLLER | Dec. 7, 2005 A | 500 | 0 | 0 | $0 |
| Bart Huchel | Corporate Controller | May 11, 2005 P | 1,000 | 0 | 0 | $0 |
| Jaimini Mehta | V.P., BUSINESS DEVELOPMENT | Sept. 29, 2004 A | — | 0 | 0 | $0 |
| THALMAN WILLIAM M | CORPORATE CONTROLLER | Aug. 22, 2003 A | — | 0 | 0 | $0 |
| Michael Lonon Carter | Director | June 30, 2026 A | 661 | 0 | 0 | $0 |
| Easwaran Sundaram | Director | June 30, 2026 A | 14,660 | 0 | 0 | $0 |
| Anne M Cooney | Director | June 30, 2026 A | 6,323 | 0 | 0 | $0 |
| Sundaram Nagarajan | Director | June 30, 2026 A | 7,267 | 0 | 0 | $0 |
| James Louis Singleton | Director | June 30, 2026 A | 37,673 | 0 | 3 | $-1,046,555 |
| Glynis Bryan | Director | June 30, 2026 A | 4,125 | 0 | 0 | $0 |
| David C Wajsgras | Director | June 30, 2026 A | 866 | 0 | 0 | $0 |
| Matthew J Espe | Director | June 30, 2026 A | 21,415 | 0 | 0 | $0 |
| Steven A Raymund | Director | March 31, 2026 A | 25,628 | 0 | 0 | $0 |
| Bobby J Griffin | Director | March 31, 2026 A | 32,254 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 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 |
|---|---|---|---|---|---|
| Blue Harbour Group, LP, Blue Harbour Holdings, LLC, Clifton S. Robbins ×3 filings | Jan. 15, 2020 | — | Initial filing | — | SEC |
| Atlantic Investment Management, Inc. ×2 filings | Aug. 5, 2015 | — | Initial filing | Passive investment | 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 105 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 |
|---|---|---|---|---|
| PJFM · PGIM ETF Trust | 4.86% | 2,237 NS | May 29, 2026 | N-PORT |
| MID · AMERICAN CENTURY ETF TRUST | 4.68% | 12,891 NS | May 31, 2026 | N-PORT |
| DRES · GMO ETF Trust | 2.13% | 2,137 NS | May 31, 2026 | N-PORT |
| RSMC · Tidal Trust III | 2.06% | 44,588 NS | April 30, 2026 | N-PORT |
| XMMO · Invesco Exchange-Traded Fund Trust | 1.51% | 327,867 SH | Aug. 19, 2026 | Daily |
| QUVU · Hartford Funds Exchange-Traded Trust | 1.30% | 6,457 NS | April 30, 2026 | N-PORT |
| TAX · EA Series Trust | 1.19% | 836 NS | May 29, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 1.01% | 38,614 SH | Aug. 19, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.97% | 41,819 SH | Aug. 19, 2026 | Daily |
| PAVE · Global X Funds | 0.95% | 356,850 NS | May 31, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.88% | 785 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.86% | 337,631 NS | April 30, 2026 | N-PORT |
| CZA · Invesco Exchange-Traded Fund Trust | 0.85% | 4,636 SH | Aug. 19, 2026 | Daily |
| XMVM · Invesco Exchange-Traded Fund Trust | 0.83% | 12,432 SH | Aug. 19, 2026 | Daily |
| PAMC · Pacer Funds Trust | 0.78% | 1,405 NS | April 30, 2026 | N-PORT |
| RFV · Invesco Exchange-Traded Fund Trust | 0.72% | 7,075 SH | Aug. 19, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.71% | 153,745 NS | April 30, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.71% | 66 NS | May 29, 2026 | N-PORT |
| HWSM · HOTCHKIS & WILEY FUNDS /DE/ | 0.68% | 54 NS | June 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.66% | 5,925 NS | April 30, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.56% | 7,019 SH | Aug. 19, 2026 | Daily |
| PDP · Invesco Exchange-Traded Fund Trust | 0.55% | 23,950 SH | Aug. 19, 2026 | Daily |
| FXR · First Trust Exchange-Traded AlphaDE… | 0.54% | 10,891 NS | April 30, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.50% | 5,580 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.46% | 78,661 SH | Aug. 19, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.39% | 6,881 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.38% | 1,680 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.36% | 709,048 SH | Aug. 19, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.34% | 805 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.33% | 19,420 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.33% | 131,541 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.32% | 11,817 NS | April 30, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.29% | 6,070 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.29% | 115,689 NS | April 30, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.28% | 19,321 NS | April 30, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.27% | 235 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.26% | 21,994 SH | Aug. 19, 2026 | Daily |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.26% | 1,182 NS | May 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.24% | 13,991 NS | April 30, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.23% | 59,120 SH | Aug. 19, 2026 | Daily |
| SMMD · iShares Trust | 0.22% | 24,253 SH | Aug. 19, 2026 | Daily |
| EBI · RBB Fund Trust | 0.21% | 3,748 NS | May 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.20% | 1,117,015 SH | Aug. 19, 2026 | Daily |
| TMFE · RBB Fund, Inc. | 0.20% | 465 NS | May 31, 2026 | N-PORT |
| IYJ · iShares Trust | 0.20% | 10,932 SH | Aug. 19, 2026 | Daily |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.20% | 2,201 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.19% | 558,886 SH | Aug. 19, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.17% | 6,635 NS | April 30, 2026 | N-PORT |
| PWZ · Invesco Exchange-Traded Fund Trust … | 0.17% | 1,995,000 | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.16% | 71,821 SH | Aug. 19, 2026 | Daily |