Armstrong World IndustriesAWI
13F holders, Q3 2025 (September 30)At the end of Q3 2025, 498 institutions reported holding Armstrong World Industries (AWI) in their 13F filings, up 80 from Q2 2025. 112 opened new positions and 31 sold out. The largest holders were BlackRock, Inc. ($1.0B), Vanguard Group Inc. ($880.5M) and Capital International Investors ($450.6M). 9 famous investors held it, including Stephen Yacktman (2.1% of Yacktman Asset Management's portfolio), Paul Tudor Jones (0.1% of Tudor Investment Corporation's portfolio) and Cliff Asness (0.1% of AQR Capital Management's portfolio).
- Company
- Armstrong World Industries
- CUSIP
- 04247X102
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 112 | $160.3M |
| Exits | 31 | $32.4M |
All 13F filers, Q2 2025 → Q3 2025: 4,010,026 shares bought and 4,029,706 shares sold, net −19,680 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 498 holders
| BlackRock, Inc. | 0.02% | Add +1.1% | 5,291,200 | $1.0B |
| Vanguard Group Inc. | 0.01% | Reduce -1.3% | 4,491,914 | $880.5M |
| Capital International Investors | 0.07% | Reduce -5.4% | 2,298,860 | $450.6M |
| London Co. of Virginia | 2.31% | Reduce -7.2% | 2,135,597 | $418.6M |
| State Street Corp. | 0.01% | Reduce -0.5% | 1,375,595 | $269.6M |
| Burgundy Asset Management Ltd. | 2.43% | Reduce -0.6% | 1,313,676 | $257.2M |
| Kayne Anderson Rudnick Investment Management LLC | 0.61% | Reduce -2.7% | 1,282,786 | $251.4M |
| Fuller & Thaler Asset Management, Inc. | 0.68% | Reduce -13.9% | 1,024,655 | $200.8M |
| Neuberger Berman Group LLC | 0.14% | Reduce -0.9% | 996,649 | $195.4M |
| Geode Capital Management, LLC | 0.01% | Add +1.1% | 953,507 | $186.9M |
| AQR Capital Management | 0.11% | Add +64.2% | 891,336 | $173.8M |
| Alliancebernstein L.P. | 0.05% | Reduce -5.0% | 877,265 | $172.0M |
| Dimensional Fund Advisors LP | 0.04% | Add +0.3% | 860,799 | $168.7M |
| Yacktman Asset Management | 2.05% | Reduce -11.8% | 759,285 | $148.8M |
| Invesco Ltd. | 0.02% | Add +11.2% | 758,680 | $148.7M |
| Prudential Financial Inc. | 0.16% | Add +1193.6% | 702,479 | $137.7M |
| Timucuan Asset Management Inc. | 3.35% | Reduce -30.5% | 583,488 | $114.4M |
| Charles Schwab Investment Management Inc. | 0.02% | Add +24.1% | 536,208 | $105.1M |
| Alyeska Investment Group, L.P. | 0.30% | Add +1.9% | 502,736 | $98.5M |
| Gates Capital Management, Inc. | 2.91% | Reduce -14.3% | 479,720 | $94.0M |
| Van Berkom & Associates Inc. | 2.71% | Reduce -13.6% | 478,102 | $93.7M |
| Morgan Stanley | 0.01% | Add +18.6% | 460,569 | $90.3M |
| Bank of America Corp. | 0.01% | Reduce -12.6% | 458,099 | $89.8M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.02% | Reduce -15.4% | 402,918 | $79.0M |
| Ameriprise Financial Inc. | 0.02% | Add +87.8% | 365,774 | $71.7M |
| Citadel Advisors | 0.06% | Reduce -45.1% | 355,222 | $69.6M |
| Arrowstreet Capital, Limited Partnership | 0.04% | Reduce -0.5% | 349,044 | $68.4M |
| Bank of New York Mellon Corp | 0.01% | Reduce -2.9% | 334,426 | $65.6M |
| Adage Capital Partners Gp, L.L.C. | 0.10% | Reduce -54.8% | 333,000 | $65.3M |
| Natixis Advisors, LLC | 0.09% | Reduce -6.3% | 326,059 | $63.9M |
| FMR LLC | 0.00% | Add +224.3% | 320,961 | $62.9M |
| River Road Asset Management, LLC | 0.70% | Reduce -11.8% | 319,581 | $62.6M |
| Los Angeles Capital Management LLC | 0.20% | Reduce -13.9% | 307,374 | $60.2M |
| Envestnet Asset Management Inc. | 0.02% | Reduce -3.8% | 292,783 | $57.4M |
| Northern Trust Corp. | 0.01% | Reduce -1.4% | 279,105 | $54.7M |
| American Century Companies Inc. | 0.02% | Add +66.4% | 235,018 | $46.1M |
| Nuveen, LLC | 0.01% | Add +7.1% | 225,681 | $44.2M |
| Public Sector Pension Investment Board | 0.15% | Add +10.8% | 208,870 | $40.9M |
| Principal Financial Group Inc. | 0.02% | Reduce -3.3% | 207,363 | $40.6M |
| Wells Fargo & Company | 0.01% | Add +1.1% | 194,800 | $38.2M |
| Two Sigma Investments, LP | 0.06% | Add +173.4% | 194,211 | $38.1M |
| Cooke & Bieler LP | 0.38% | Reduce -45.0% | 190,158 | $37.3M |
| Rice Hall James & Associates, LLC | 1.89% | Reduce -8.4% | 176,662 | $34.6M |
| Southernsun Asset Management, LLC | 4.44% | Reduce -1.3% | 174,717 | $34.2M |
| Global Alpha Capital Management Ltd. | 1.91% | Reduce -0.5% | 170,190 | $33.4M |
| Harvey Partners, LLC | 2.96% | Reduce -22.3% | 166,300 | $32.6M |
| UBS Group AG | 0.01% | Add +132.1% | 164,875 | $32.3M |
| Schroder Investment Management Group | 0.03% | Reduce -6.1% | 166,390 | $32.2M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.08% | Reduce -6.3% | 151,189 | $29.6M |
| First Trust Advisors LP | 0.02% | Reduce -10.9% | 147,701 | $29.0M |
| Quantinno Capital Management LP | 0.08% | Add +281.4% | 144,310 | $28.3M |
| Assenagon Asset Management S.A. | 0.04% | Add +24.1% | 142,100 | $27.9M |
| Qube Research & Technologies Ltd | 0.04% | Add +29.1% | 141,364 | $27.7M |
| Allianz Asset Management GmbH | 0.03% | Reduce -23.6% | 137,736 | $27.0M |
| William Blair Investment Management, LLC | 0.07% | Reduce -5.7% | 134,053 | $26.3M |
| Balyasny Asset Management L.P. | 0.05% | Reduce -9.5% | 129,455 | $25.4M |
| Legal & General Group Plc | 0.01% | Reduce -4.8% | 127,588 | $25.0M |
| BNP Paribas Financial Markets | 0.02% | Add +415.0% | 125,767 | $24.7M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -61.8% | 107,924 | $21.2M |
| Driehaus Capital Management LLC | 0.15% | New | 103,759 | $20.3M |
| Tudor Investment Corporation | 0.13% | Reduce -54.2% | 101,227 | $19.8M |
| Rhumbline Advisers | 0.02% | Reduce -1.1% | 100,253 | $19.7M |
| Point72 Asset Management | 0.04% | Reduce -60.1% | 98,594 | $19.3M |
| Man Group plc | 0.04% | Add +112.2% | 96,186 | $18.9M |
| HRT Financial LP | 0.07% | Add +127.3% | 92,422 | $18.1M |
| Squarepoint Ops LLC | 0.04% | Add +1671.2% | 91,995 | $18.0M |
| Royal Bank of Canada | 0.00% | Add +16.1% | 91,493 | $17.9M |
| Engineers Gate Manager LP | 0.20% | Add +85.6% | 90,263 | $17.7M |
| Zacks Investment Management | 0.14% | New | 89,658 | $17.6M |
| Amundi | 0.01% | Add +1045.9% | 87,521 | $17.5M |
| Millennium Management | 0.01% | Reduce -50.2% | 88,910 | $17.4M |
| California Public Employees Retirement System | 0.01% | Add +4.4% | 88,837 | $17.4M |
| Algert Global LLC | 0.29% | Add +37.8% | 88,662 | $17.4M |
| Two Sigma Advisers, LP | 0.03% | Add +96.4% | 88,400 | $17.3M |
| Sei Investments Co. | 0.02% | Add +2.5% | 88,349 | $17.3M |
| Gotham Asset Management | 0.07% | Add +108.8% | 87,648 | $17.2M |
| Cubist Systematic Strategies, LLC | 0.24% | Add +3.5% | 86,003 | $16.9M |
| Swiss National Bank | 0.01% | Add +1.4% | 84,200 | $16.5M |
| Victory Capital Management Inc. | 0.01% | Add +17.9% | 81,866 | $16.0M |
| Ieq Capital, LLC | 0.05% | Add +48.6% | 81,450 | $16.0M |
| Bank of Nova Scotia | 0.03% | New | 80,574 | $15.8M |
| Schwartz Investment Counsel Inc. | 0.51% | No change | 78,000 | $15.3M |
| Stifel Financial Corp. | 0.01% | Reduce -0.3% | 75,337 | $14.8M |
| Jump Financial, LLC | 0.20% | Reduce -10.6% | 75,103 | $14.7M |
| Renaissance Technologies | 0.02% | New | 73,500 | $14.4M |
| JPMorgan Chase & Co. | 0.00% | Add +22.5% | 72,952 | $14.3M |
| Jane Street Group, LLC | 0.02% | Reduce -5.7% | 72,695 | $14.2M |
| Treasurer of the State of North Carolina | 0.04% | Reduce -1.3% | 59,192 | $11.6M |
| Caisse de depot et placement du Quebec | 0.02% | New | 53,221 | $10.4M |
| Trexquant Investment LP | 0.10% | Add +944.5% | 50,961 | $10.0M |
| Thrivent Financial for Lutherans | 0.02% | Reduce -30.3% | 50,683 | $9.9M |
| Danske Bank A/S | 0.02% | Reduce -35.5% | 46,617 | $9.1M |
| State Board of Administration of Florida Retirement System | 0.02% | Reduce -21.1% | 46,159 | $9.0M |
| AXA Investment Managers S.A. | 0.02% | — | 45,984 | $9.0M |
| CANADA LIFE ASSURANCE Co | 0.01% | Add +0.1% | 45,220 | $8.8M |
| Taylor Hoffman Capital Management LLC | 2.73% | Reduce -0.2% | 44,253 | $8.7M |
| Capital International, Inc. | 0.07% | Add +22.2% | 41,590 | $8.2M |
| Barclays PLC | 0.00% | Reduce -12.7% | 41,037 | $8.0M |
| Nisa Investment Advisors, LLC | 0.03% | Add +37.4% | 40,633 | $8.0M |
| California State Teachers Retirement System | 0.01% | Add +0.3% | 40,542 | $7.9M |
| Magnetar Financial LLC | 0.05% | New | 40,400 | $7.9M |
| Van Eck Associates Corp. | 0.01% | Add +1.4% | 40,135 | $7.9M |
| Raymond James Financial Inc. | 0.00% | Reduce -17.8% | 40,047 | $7.8M |
| Cerity Partners LLC | 0.01% | Add +47.2% | 39,907 | $7.8M |
| Icon Advisers Inc. | 1.62% | Reduce -6.3% | 37,375 | $7.3M |
| Alps Advisors Inc. | 0.04% | Add +1317.0% | 36,418 | $7.1M |
| Verition Fund Management LLC | 0.04% | Reduce -33.1% | 36,260 | $7.1M |
| Macquarie Group Ltd. | 0.01% | Reduce -8.0% | 36,250 | $7.1M |
| Cwm, LLC | 0.02% | Add +132.8% | 36,148 | $7.1M |
| Massachusetts Financial Services Co. | 0.00% | Add +7.0% | 35,317 | $6.9M |
| Susquehanna International Group, LLP | 0.01% | New | 35,179 | $6.9M |
| T. Rowe Price Associates Inc. | 0.00% | Add +7.2% | 34,821 | $6.8M |
| State of Alaska, Department of Revenue | 0.07% | Reduce -10.6% | 34,630 | $6.8M |
| Franklin Resources Inc. | 0.00% | Reduce -3.5% | 34,499 | $6.8M |
| Hotchkis & Wiley Capital Management LLC | 0.02% | Reduce -48.8% | 33,700 | $6.6M |
| Citigroup Inc. | 0.00% | Reduce -28.6% | 33,306 | $6.5M |
| Schonfeld Strategic Advisors LLC | 0.04% | Reduce -70.0% | 32,690 | $6.4M |
| MML Investors Services, LLC | 0.02% | Add +6.0% | 31,877 | $6.2M |
| Woodline Partners LP | 0.03% | Reduce -67.7% | 31,771 | $6.2M |
| Illinois Municipal Retirement Fund | 0.08% | Add +33.2% | 31,759 | $6.2M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.01% | Add +39.8% | 31,620 | $6.2M |
| Jacobs Levy Equity Management, Inc. | 0.02% | Reduce -9.8% | 31,600 | $6.2M |
| Bridgewater Associates | 0.02% | Add +84.5% | 30,674 | $6.0M |
| Quantbot Technologies LP | 0.16% | Add +2.4% | 29,784 | $5.8M |
| LPL Financial LLC | 0.00% | Add +8.7% | 29,227 | $5.7M |
| Livforsakringsbolaget Skandia, Omsesidigt | 0.22% | Add +2.9% | 28,200 | $5.5M |
| Beck Mack & Oliver LLC | 0.10% | Reduce -0.4% | 27,141 | $5.3M |
| Creative Planning | 0.00% | Add +47.1% | 26,364 | $5.2M |
| Graham Capital Management, L.P. | 0.28% | Reduce -8.7% | 25,655 | $5.0M |
| Horizon Investments, LLC | 0.06% | Add +29.4% | 23,495 | $4.6M |
| Hillsdale Investment Management Inc. | 0.14% | Add +20.6% | 23,410 | $4.6M |
| AlphaQuest LLC | 0.29% | Add +4.2% | 22,769 | $4.5M |
| Susquehanna Portfolio Strategies, LLC | 0.07% | New | 22,676 | $4.4M |
| Ensign Peak Advisors, Inc | 0.01% | Add +59.7% | 21,983 | $4.3M |
| Informed Momentum Co LLC | 0.49% | New | 22,264 | $4.3M |
| Arax Advisory Partners | 0.06% | Add +883.8% | 21,329 | $4.2M |
| State of Tennessee, Department of Treasury | 0.01% | Reduce -6.0% | 21,093 | $4.1M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.01% | New | 20,961 | $4.1M |
| New York State Common Retirement Fund | 0.01% | Reduce -5.5% | 20,673 | $4.1M |
| Capital Group Private Client Services, Inc. | 0.07% | Reduce -91.3% | 20,321 | $4.0M |
| Louisiana State Employees Retirement System | 0.07% | Reduce -2.0% | 19,900 | $3.9M |
| Comerica Bank | 0.01% | Reduce -16.7% | 19,858 | $3.9M |
| Deutsche Bank AG | 0.00% | Reduce -36.1% | 19,589 | $3.8M |
| New Millennium Group LLC | 1.73% | New | 19,257 | $3.8M |
| Aquatic Capital Management LLC | 0.07% | Add +60.8% | 19,169 | $3.8M |
| Police & Firemen's Retirement System of New Jersey | 0.03% | Add +15.4% | 19,028 | $3.7M |
| Janus Henderson Group PLC | 0.00% | No change | 18,579 | $3.6M |
| Monument Capital Management | 0.87% | Reduce -1.5% | 17,673 | $3.5M |
| Natixis | 0.02% | Reduce -0.3% | 17,506 | $3.4M |
| Orion Porfolio Solutions, LLC | 0.03% | Reduce -12.1% | 17,419 | $3.4M |
| Mariner, LLC | 0.00% | Add +127.2% | 17,303 | $3.4M |
| ING Groep NV | 0.02% | New | 16,700 | $3.3M |
| Russell Investments Group, Ltd. | 0.00% | Add +109.4% | 16,641 | $3.3M |
| Strata Wealth Advisors, LLC | 0.86% | No change | 16,610 | $3.3M |
| Vident Advisory, LLC | 0.03% | New | 16,528 | $3.2M |
| HighTower Advisors, LLC | 0.00% | Reduce -31.1% | 16,437 | $3.2M |
| Mercer Global Advisors Inc. | 0.01% | Add +293.5% | 15,319 | $3.0M |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +44.5% | 15,180 | $3.0M |
| Corient Private Wealth LP | 0.00% | Add +4.1% | 14,972 | $2.9M |
| Public Employees Retirement System of Ohio | 0.01% | Add +0.2% | 14,801 | $2.9M |
| NFJ Investment Group, LLC | 0.10% | Reduce -22.8% | 14,697 | $2.9M |
| DAVENPORT & Co LLC | 0.02% | Reduce -3.3% | 14,350 | $2.8M |
| ExodusPoint Capital Management, LP | 0.04% | Reduce -59.5% | 14,308 | $2.8M |
| Teacher Retirement System of Texas | 0.01% | Add +1.0% | 14,233 | $2.8M |
| Amalgamated Bank | 0.02% | Add +1.1% | 14,037 | $2.8M |
| Walleye Trading LLC | 0.04% | Add +318.8% | 13,971 | $2.7M |
| Susquehanna Fundamental Investments, LLC | 0.11% | New | 13,937 | $2.7M |
| Yousif Capital Management, LLC | 0.03% | Reduce -16.9% | 13,628 | $2.7M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.01% | Reduce -0.9% | 13,623 | $2.7M |
| Entropy Technologies, LP | 0.20% | Add +176.1% | 13,506 | $2.6M |
| State of New Jersey Common Pension Fund D | 0.01% | Add +1.2% | 13,434 | $2.6M |
| AlTi Global, Inc. | 0.06% | Reduce -35.3% | 13,279 | $2.6M |
| Arizona State Retirement System | 0.01% | Add +1.3% | 12,850 | $2.5M |
| Teachers Retirement System of the State of Kentucky | 0.02% | Reduce -10.2% | 12,315 | $2.4M |
| O'shaughnessy Asset Management, LLC | 0.01% | Add +4.2% | 11,678 | $2.3M |
| Handelsbanken Fonder AB | 0.01% | No change | 11,630 | $2.3M |
| New York State Teachers Retirement System | 0.00% | Add +4.8% | 11,622 | $2.3M |
| Salvus Wealth Management, LLC | 1.27% | Reduce -33.8% | 11,599 | $2.3M |
| KLP Kapitalforvaltning As | 0.01% | Add +1.8% | 11,400 | $2.2M |
| Point72 Hong Kong Ltd | 0.10% | Add +99.1% | 11,391 | $2.2M |
| Edgestream Partners, L.P. | 0.06% | New | 11,158 | $2.2M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.01% | Reduce -1.2% | 11,017 | $2.2M |
| Calamos Advisors LLC | 0.01% | New | 10,485 | $2.1M |
| Elo Mutual Pension Insurance Co | 0.03% | New | 10,147 | $2.0M |
| Oregon Public Employees Retirement Fund | 0.02% | Reduce -2.0% | 9,702 | $1.9M |
| Captrust Financial Advisors | 0.00% | Add +47.8% | 9,650 | $1.9M |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.01% | New | 9,600 | $1.9M |
| Walleye Capital LLC | 0.02% | Reduce -85.6% | 9,539 | $1.9M |
| Banco Santander, S.A. | 0.02% | No change | 9,470 | $1.9M |
| Truist Financial Corp. | 0.00% | Add +79.1% | 9,386 | $1.8M |
| Jackson Creek Investment Advisors LLC | 0.52% | Reduce -32.4% | 9,168 | $1.8M |
| Federation des caisses Desjardins du Quebec | 0.01% | Add +47.4% | 9,140 | $1.8M |
| Avior Wealth Management, LLC | 0.06% | No change | 8,798 | $1.7M |
| Wesbanco Bank Inc. | 0.05% | No change | 8,797 | $1.7M |
| Prudential PLC | 0.01% | No change | 8,646 | $1.7M |
| Tealwood Asset Management Inc. | 0.68% | Reduce -4.3% | 8,561 | $1.7M |
| Advantage Alpha Capital Partners LP | 0.50% | Reduce -58.0% | 8,485 | $1.7M |
| Oak Thistle LLC | 0.25% | New | 8,479 | $1.7M |
| State of Wisconsin Investment Board | 0.00% | Reduce -14.3% | 8,475 | $1.7M |
| Voya Investment Management LLC | 0.00% | Reduce -44.9% | 8,312 | $1.6M |
| Acadian Asset Management LLC | 0.00% | New | 8,257 | $1.6M |
| Maryland State Retirement & Pension System | 0.03% | Reduce -44.2% | 8,249 | $1.6M |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -1.4% | 8,103 | $1.6M |
| Focus Partners Wealth | 0.00% | Add +206.5% | 8,037 | $1.6M |
| Park Avenue Securities LLC | 0.01% | Reduce -0.2% | 7,576 | $1.5M |
| Capital International Sarl | 0.03% | Reduce -49.3% | 7,531 | $1.5M |
| Savant Capital, LLC | 0.01% | Reduce -1.1% | 7,436 | $1.5M |
| Sequoia Financial Advisors, LLC | 0.01% | Add +13.1% | 7,322 | $1.4M |
| Oppenheimer Asset Management Inc. | 0.02% | Reduce -4.0% | 7,306 | $1.4M |
| Wakefield Asset Management LLLP | 0.38% | Reduce -2.0% | 7,057 | $1.4M |
| Summit Trail Advisors, LLC | 0.02% | Add +188.7% | 6,926 | $1.4M |
| Aurora Investment Counsel | 0.70% | Reduce -3.5% | 6,854 | $1.3M |
| Merit Financial Group, LLC | 0.01% | Add +25.8% | 6,838 | $1.3M |
| Bank of Montreal | 0.00% | Reduce -4.0% | 6,811 | $1.3M |
| Atria Investments, Inc | 0.01% | Add +13.8% | 6,648 | $1.3M |
| Lazard Asset Management LLC | 0.00% | Reduce -20.0% | 6,530 | $1.3M |
| Cannell & Spears LLC | 0.02% | No change | 6,315 | $1.2M |
| Pictet Asset Management Holding SA | 0.00% | Reduce -3.6% | 6,191 | $1.2M |
| Moody National Bank Trust Division | 0.10% | No change | 6,095 | $1.2M |
| iSAM Funds (UK) Ltd | 0.24% | New | 6,059 | $1.2M |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -2.0% | 5,943 | $1.2M |
| First Manhattan Co. Llc. | 0.00% | Reduce -21.5% | 5,940 | $1.2M |
| Cookson Peirce & Co. Inc. | 0.05% | New | 5,880 | $1.2M |
| Focus Partners Advisor Solutions, LLC | 0.01% | Add +71.6% | 6,005 | $1.1M |
| Lecap Asset Management Ltd. | 0.38% | New | 5,606 | $1.1M |
| Aaron Wealth Advisors LLC | 0.07% | New | 5,588 | $1.1M |
| CenterBook Partners LP | 0.05% | Reduce -42.6% | 5,588 | $1.1M |
| Perbak Capital Partners LLP | 0.19% | Add +40.9% | 5,475 | $1.1M |
| Quantum Portfolio Management LLC | 0.31% | Add +115.4% | 5,336 | $1.0M |
| Brighton Jones LLC | 0.02% | Add +86.8% | 5,191 | $1.0M |
| Dynamic Advisor Solutions LLC | 0.03% | Reduce -2.5% | 5,151 | $1.0M |
| Lanark Financial, Inc. | 0.08% | Reduce -0.9% | 5,050 | $990K |
| Voleon Capital Management LP | 0.02% | New | 5,013 | $983K |
| Daiwa Securities Group Inc. | 0.00% | New | 4,900 | $960K |
| Mutual of America Capital Management LLC | 0.01% | Reduce -13.1% | 4,846 | $950K |
| &partners | 0.01% | Reduce -2.3% | 4,744 | $933K |
| Hunter Perkins Capital Management, LLC | 0.20% | Reduce -5.8% | 4,700 | $921K |
| Harvest Investment Services, LLC | 0.18% | New | 4,690 | $919K |
| Choreo, LLC | 0.01% | Add +9.4% | 4,643 | $910K |
| Mackenzie Financial Corp. | 0.00% | Add +17.3% | 4,643 | $910K |
| QRG Capital Management, Inc. | 0.01% | Add +196.5% | 4,545 | $891K |
| Cetera Investment Advisers | 0.00% | Add +31.8% | 4,523 | $887K |
| New York Life Investment Management LLC | 0.01% | New | 4,375 | $858K |
| Tidal Investments LLC | 0.00% | Add +8.2% | 4,273 | $838K |
| Venturi Wealth Management, LLC | 0.04% | Reduce -22.3% | 4,188 | $821K |
| Argent Trust Co | 0.03% | Reduce -5.7% | 4,162 | $816K |
| Brevan Howard Capital Management LP | 0.01% | Reduce -37.4% | 4,150 | $813K |
| HSBC Holdings PLC | 0.00% | Reduce -83.5% | 4,067 | $797K |
| 111 Capital | 0.15% | Add +48.1% | 4,052 | $794K |
| Lido Advisors, LLC | 0.00% | Add +1.1% | 4,048 | $794K |
| Pallas Capital Advisors LLC | 0.03% | Add +2.9% | 4,048 | $793K |
| Krilogy Financial LLC | 0.03% | New | 3,930 | $753K |
| Ethic Inc. | 0.01% | Add +22.2% | 3,808 | $746K |
| Chesapeake Capital Corp. | 0.66% | — | 3,736 | $732K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Reduce -27.8% | 3,709 | $727K |
| Evergreen Capital Management LLC | 0.02% | Add +31.8% | 3,644 | $714K |
| Quadrature Capital Ltd | 0.01% | Reduce -30.1% | 3,623 | $710K |
| MQS Management LLC | 0.41% | Reduce -18.6% | 3,611 | $708K |
| Bridgefront Capital, LLC | 0.20% | Add +160.0% | 3,554 | $697K |
| Sanctuary Advisors, LLC | 0.00% | Add +78.5% | 3,519 | $690K |
| Andina Capital Management, LLC | 0.39% | Add +3.7% | 3,483 | $683K |
| Aigen Investment Management, LP | 0.10% | Add +20.8% | 3,371 | $661K |
| Inscription Capital, LLC | 0.07% | New | 3,354 | $657K |
| Campbell & CO Investment Adviser LLC | 0.05% | Reduce -88.8% | 3,352 | $657K |
| Global Retirement Partners, LLC | 0.01% | Reduce -9.1% | 3,347 | $656K |
| Principal Securities, Inc. | 0.01% | Add +22.0% | 3,296 | $646K |
| Xponance LLC | 0.01% | Add +1.4% | 3,296 | $646K |
| HUB Investment Partners, LLC | 0.02% | New | 3,262 | $639K |
| Public Employees Retirement Association of Colorado | 0.00% | Reduce -33.8% | 3,224 | $632K |
| State of Wyoming | 0.07% | Reduce -2.5% | 3,115 | $611K |
| Bridges Investment Management Inc. | 0.01% | No change | 3,027 | $593K |
| New Age Alpha Advisors, LLC | 0.02% | Reduce -10.3% | 2,972 | $583K |
| Osaic Holdings, Inc. | 0.00% | Add +21.1% | 2,970 | $578K |
| Founders Financial Alliance, LLC | 0.11% | Add +13.2% | 2,917 | $572K |
| Verdence Capital Advisors LLC | 0.03% | Add +0.9% | 2,789 | $565K |
| R Squared Ltd | 0.24% | Reduce -16.5% | 2,792 | $547K |
| Harvest Fund Management Co., Ltd | 0.02% | Add +195.6% | 2,746 | $538K |
| Essential Partners LLC | 0.18% | Add +52.3% | 2,728 | $535K |
| PEAK6 LLC | 0.01% | New | 2,695 | $528K |
| Crossmark Global Holdings, Inc. | 0.01% | Add +0.1% | 2,680 | $525K |
| CreativeOne Wealth, LLC | 0.01% | New | 2,669 | $523K |
| EntryPoint Capital, LLC | 0.20% | Add +8.4% | 2,664 | $522K |
| Modern Wealth Management, LLC | 0.01% | No change | 2,661 | $522K |
| Vanguard Personalized Indexing Management, LLC | 0.01% | Add +10.5% | 2,658 | $521K |
| GC Wealth Management RIA, LLC | 0.02% | New | 2,653 | $520K |
| Praxis Investment Management Inc. | 0.03% | No change | 2,600 | $510K |
| Callan Family Office, LLC | 0.02% | Reduce -48.9% | 2,598 | $509K |
| Lighthouse Investment Partners, LLC | 0.02% | New | 2,567 | $503K |
| Pathstone Holdings, LLC | 0.00% | Add +2.2% | 2,521 | $494K |
| First National Bank Sioux Falls | 0.15% | Reduce -0.9% | 2,498 | $490K |
| NorthCrest Asset Manangement, LLC | 0.01% | New | 2,471 | $487K |
| Chicago Partners Investment Group LLC | 0.01% | New | 2,481 | $480K |
| Boothbay Fund Management, LLC | 0.01% | New | 2,428 | $476K |
| GAMMA Investing LLC | 0.03% | Add +11.4% | 2,405 | $471K |
| Canada Pension Plan Investment Board | 0.00% | Reduce -17.2% | 2,400 | $470K |
| Kestra Advisory Services, LLC | 0.00% | Add +2.3% | 2,348 | $460K |
| Wealth Alliance, LLC | 0.05% | Add +0.1% | 2,341 | $459K |
| Snowden Capital Advisors LLC | 0.01% | Reduce -4.1% | 2,340 | $459K |
| Occudo Quantitative Strategies LP | 0.06% | New | 2,307 | $452K |
| Utah Retirement Systems | 0.00% | No change | 2,300 | $451K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +131.2% | 2,243 | $440K |
| Wilmington Savings Fund Society, FSB | 0.01% | Reduce -1.3% | 2,238 | $439K |
| AdvisorNet Financial, Inc | 0.02% | Reduce -7.9% | 2,203 | $432K |
| NorthCoast Asset Management LLC | 0.00% | New | 2,198 | $431K |
| Janney Montgomery Scott LLC | 0.00% | Add +3.5% | 2,171 | $426K |
| Beacon Pointe Advisors, LLC | 0.00% | New | 2,169 | $425K |
| Legato Capital Management LLC | 0.04% | No change | 2,096 | $411K |
| Swiss Life Asset Management Ltd | 0.00% | New | 2,083 | $408K |
| Johnson Investment Counsel Inc. | 0.00% | No change | 2,079 | $408K |
| EverSource Wealth Advisors, LLC | 0.02% | Add +37.8% | 2,067 | $405K |
| Lombard Odier Asset Management (USA) Corp | 0.11% | Add +4.3% | 2,064 | $405K |
| Caprock Group, LLC | 0.01% | — | 2,045 | $400K |
| Sageworth Trust Co | 0.02% | New | 2,029 | $398K |
| Atlantic Union Bankshares Corp | 0.01% | New | 2,026 | $397K |
| Ballentine Partners, LLC | 0.01% | Add +1.4% | 2,017 | $395K |
| Axq Capital, LP | 0.15% | Add +22.9% | 1,986 | $389K |
| Smith Group Asset Management, LLC | 0.02% | No change | 1,940 | $380K |
| TD Private Client Wealth LLC | 0.01% | Reduce -8.7% | 1,938 | $380K |
| Counterpoint Mutual Funds LLC | 0.03% | Reduce -2.0% | 1,936 | $379K |
| Machina Capital S.A.S. | 0.07% | New | 1,914 | $375K |
| Sivia Capital Partners, LLC | 0.11% | Add +6.5% | 1,905 | $373K |
| Dark Forest Capital Management LP | 0.01% | Reduce -63.0% | 1,903 | $373K |
| Globeflex Capital L P | 0.06% | No change | 1,900 | $372K |
| Sterling Capital Management LLC | 0.01% | Reduce -3.9% | 1,897 | $372K |
| Bayforest Capital Ltd | 0.18% | New | 1,893 | $371K |
| Jones Financial Companies LLLP | 0.00% | Reduce -7.3% | 1,868 | $363K |
| OneDigital Investment Advisors LLC | 0.00% | Add +0.8% | 1,849 | $362K |
| waypoint wealth counsel | 0.14% | New | 1,834 | $359K |
| Orchard Capital Management, LLC | 0.47% | No change | 1,816 | $356K |
| Syon Capital LLC | 0.02% | New | 1,811 | $355K |
| Point72 (DIFC) Ltd | 0.02% | Reduce -61.4% | 1,808 | $354K |
| Financiere des Professionnels - Fonds d'investissement inc. | 0.02% | No change | 1,780 | $349K |
| Caerus Investment Advisors, LLC | 0.14% | New | 1,778 | $349K |
| Panagora Asset Management Inc. | 0.00% | New | 1,761 | $345K |
| Vestcor Inc | 0.01% | Reduce -58.5% | 1,755 | $344K |
| Tower Research Capital LLC (TRC) | 0.01% | Add +211.1% | 1,742 | $341K |
| Koshinski Asset Management, Inc. | 0.02% | New | 1,724 | $338K |
| Diametric Capital, LP | 0.12% | Reduce -6.3% | 1,705 | $334K |
| Sumitomo Mitsui Trust Group, Inc. | 0.00% | New | 1,700 | $333K |
| Requisite Capital Management, LLC | 0.05% | New | 1,661 | $326K |
| Howe & Rusling Inc. | 0.02% | No change | 1,651 | $324K |
| Advisory Services Network, LLC | 0.00% | New | 1,630 | $319K |
| HB Wealth Management, LLC | 0.00% | New | 1,621 | $318K |
| Longboard Asset Management, LP | 0.51% | New | 1,603 | $314K |
| Inspire Investing, LLC | 0.03% | Reduce -33.9% | 1,587 | $311K |
| Fox Run Management, L.L.C. | 0.05% | Reduce -81.6% | 1,567 | $307K |
| Shelton Capital Management | 0.01% | Reduce -2.1% | 1,559 | $306K |
| Blue Trust, Inc. | 0.00% | Add +4.2% | 1,548 | $303K |
| Twinbeech Capital LP | 0.01% | Reduce -96.0% | 1,547 | $303K |
| Perigon Wealth Management, LLC | 0.01% | New | 1,541 | $302K |
| Commonwealth Equity Services, LLC | 0.00% | Add +17.9% | 1,541 | $302K |
| Baker Avenue Asset Management, LP | 0.01% | New | 1,511 | $296K |
| Pacer Advisors, Inc. | 0.00% | Add +17.2% | 1,507 | $295K |
| LifeWealth Investments, LLC | 0.10% | New | 1,475 | $289K |
| Accurate Wealth Management, LLC | 0.04% | New | 1,439 | $286K |
| Picton Mahoney Asset Management | 0.00% | New | 1,455 | $285K |
| Integrated Wealth Concepts LLC | 0.00% | New | 1,434 | $281K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +28.6% | 1,429 | $280K |
| Aristides Capital LLC | 0.08% | New | 1,415 | $277K |
| Claret Asset Management Corp | 0.03% | Reduce -1.4% | 1,406 | $276K |
| Point72 Europe (London) LLP | 0.01% | New | 1,399 | $274K |
| CIBC Asset Management Inc | 0.00% | No change | 1,384 | $271K |
| Coastal Bridge Advisors, LLC | 0.02% | Reduce -1.6% | 1,347 | $264K |
| Y-Intercept (Hong Kong) Ltd | 0.01% | Reduce -77.3% | 1,346 | $264K |
| Evoke Wealth, LLC | 0.01% | New | 1,334 | $261K |
| CI Investments Inc. | 0.00% | Reduce -5.5% | 1,328 | $260K |
| MetLife Investment Management, LLC | 0.00% | Add +1.8% | 1,314 | $258K |
| Kaufman Rossin Wealth, LLC | 0.14% | New | 1,307 | $256K |
| Moneta Group Investment Advisors LLC | 0.00% | New | 1,295 | $254K |
| Jackson Thornton Wealth Management, LLC | 0.03% | New | 1,279 | $254K |
| Raleigh Capital Management Inc. | 0.10% | New | 1,283 | $251K |
| Rockefeller Capital Management L.P. | 0.00% | New | 1,262 | $248K |
| Gries Financial LLC | 0.04% | New | 1,260 | $247K |
| Numerai GP LLC | 0.03% | New | 1,246 | $244K |
| NewEdge Advisors, LLC | 0.00% | Add +5273.9% | 1,236 | $242K |
| Prelude Capital Management, LLC | 0.02% | Reduce -26.1% | 1,229 | $241K |
| Profund Advisors LLC | 0.01% | Reduce -11.9% | 1,224 | $240K |
| Interchange Capital Partners, LLC | 0.05% | New | 1,218 | $239K |
| Allworth Financial LP | 0.00% | Add +95.2% | 1,210 | $237K |
| Great Lakes Advisors, LLC | 0.00% | New | 1,196 | $234K |
| Polen Capital Management LLC | 0.00% | New | 1,187 | $233K |
| Glenmede Investment Management, LP | 0.00% | New | 1,185 | $232K |
| Madison Asset Management, LLC | 0.00% | Reduce -9.7% | 1,177 | $231K |
| Capstone Investment Advisors, LLC | 0.00% | New | 1,167 | $229K |
| Forum Financial Management, LP | 0.00% | New | 1,161 | $228K |
| Sage Rhino Capital LLC | 0.04% | Reduce -7.5% | 1,152 | $226K |
| Waddell & Associates, LLC | 0.02% | New | 1,152 | $226K |
| Jefferies Financial Group Inc. | 0.00% | New | 1,139 | $223K |
| My Personal CFO, LLC | 0.09% | New | 1,134 | $222K |
| Foundation Wealth Management, LLC\PA | 0.09% | New | 1,134 | $222K |
| Kera Capital Partners, Inc. | 0.03% | New | 1,127 | $221K |
| CHICAGO TRUST Co NA | 0.03% | New | 1,127 | $221K |
| Waverly Advisors, LLC | 0.00% | New | 1,119 | $219K |
| M&T Bank Corp | 0.00% | Reduce -28.3% | 1,109 | $218K |
| Rothschild Investment LLC | 0.01% | New | 1,092 | $214K |
| Hilltop Holdings Inc. | 0.01% | New | 1,083 | $212K |
| IHT Wealth Management, LLC | 0.01% | New | 1,082 | $212K |
| Simplicity Wealth,LLC | 0.01% | New | 1,051 | $206K |
| KBC Group NV | 0.00% | No change | 1,052 | $206K |
| denkapparat Operations GmbH | 0.13% | New | 1,046 | $205K |
| STRS Ohio | 0.00% | Reduce -92.3% | 1,028 | $201K |
| Clearstead Advisors, LLC | 0.00% | Add +12.2% | 1,012 | $198K |
| Brown Brothers Harriman & Co. | 0.00% | Add +164.4% | 973 | $191K |
| Wealthspire Advisors, LLC | 0.00% | New | 899 | $176K |
| USA Financial Formulas | 0.03% | New | 891 | $175K |
| Fifth Third Bancorp | 0.00% | Add +3.7% | 888 | $174K |
| Archer Investment Corp | 0.04% | Add +8.5% | 868 | $170K |
| Smartleaf Asset Management LLC | 0.01% | Add +9.7% | 874 | $169K |
| Ancora Advisors LLC | 0.00% | No change | 859 | $168K |
| Huntington National Bank | 0.00% | Reduce -0.3% | 790 | $155K |
| Versant Capital Management, Inc | 0.02% | Add +94.6% | 757 | $148K |
| Quarry LP | 0.04% | Add +147.9% | 756 | $148K |
| Transamerica Financial Advisors, LLC | 0.01% | New | 663 | $130K |
| LSV Asset Management | 0.00% | New | 600 | $118K |
| Covestor Ltd | 0.06% | Reduce -0.8% | 587 | $115K |
| Quadrant Capital Group LLC | 0.00% | New | 556 | $109K |
| Farther Finance Advisors, LLC | 0.00% | Add +58.0% | 550 | $108K |
| US Bancorp \de | 0.00% | Add +18.4% | 509 | $100K |
| Parallel Advisors, LLC | 0.00% | Reduce -0.4% | 457 | $90K |
| Salomon & Ludwin, LLC | 0.01% | Add +295.1% | 403 | $79K |
| CoreCap Advisors, LLC | 0.00% | Add +603.6% | 394 | $77K |
| Meeder Asset Management Inc. | 0.00% | No change | 377 | $74K |
| IFP Advisors, Inc | 0.00% | Add +259.4% | 363 | $71K |
| Employees Retirement System of Texas | 0.00% | No change | 358 | $70K |
| True Wealth Design, LLC | 0.02% | Add +612.2% | 349 | $68K |
| Smithfield Trust Co | 0.00% | No change | 343 | $68K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | No change | 332 | $65K |
| Parkside Financial Bank & Trust | 0.00% | Add +32.9% | 295 | $58K |
| Quent Capital, LLC | 0.00% | New | 292 | $57K |
| Signaturefd, LLC | 0.00% | Add +7.8% | 277 | $54K |
| SJS Investment Consulting Inc. | 0.01% | Add +4860.0% | 248 | $49K |
| Fortitude Family Office, LLC | 0.01% | No change | 247 | $48K |
| Bessemer Group Inc. | 0.00% | Add +70.0% | 221 | $44K |
| UMB Bank, n.a. | 0.00% | Add +23.6% | 220 | $43K |
| MAI Capital Management | 0.00% | Reduce -35.3% | 187 | $37K |
| Ameriflex Group, Inc. | 0.01% | New | 180 | $35K |
| CIBC Private Wealth Group LLC | 0.00% | Add +426.5% | 179 | $35K |
| Private Trust Co. NA | 0.00% | No change | 171 | $34K |
| Physician Wealth Advisors, Inc. | 0.00% | Add +1.9% | 159 | $31K |
| Trust Co. of Vermont | 0.00% | No change | 150 | $29K |
| Crewe Advisors LLC | 0.00% | New | 147 | $29K |
| Golden State Wealth Management, LLC | 0.00% | No change | 140 | $27K |
| TD Waterhouse Canada Inc. | 0.00% | Reduce -5.7% | 132 | $26K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 129 | $25K |
| Dogwood Wealth Management LLC | 0.01% | Add +19.8% | 127 | $25K |
| Root Financial Partners, LLC | 0.00% | New | 125 | $25K |
| LRI Investments, LLC | 0.00% | Add +255.2% | 103 | $20K |
| Byrne Asset Management LLC | 0.01% | No change | 101 | $20K |
| Harbour Investments, Inc. | 0.00% | New | 94 | $18K |
| Cullen/Frost Bankers, Inc. | 0.00% | New | 79 | $15K |
| Assetmark, Inc. | 0.00% | Add +850.0% | 76 | $15K |
| Larson Financial Group LLC | 0.00% | Add +236.4% | 74 | $15K |
| Caitong International Asset Management Co., Ltd | 0.01% | Reduce -68.4% | 73 | $14K |
| Hantz Financial Services, Inc. | 0.00% | Add +97.0% | 65 | $13K |
| Bare Financial Services, Inc | 0.00% | Reduce -81.6% | 66 | $13K |
| Hemington Wealth Management | 0.00% | Add +13.7% | 58 | $11K |
| First Pacific Financial | 0.00% | No change | 50 | $10K |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 39 | $8K |
| Itau Unibanco Holding S.A. | 0.00% | No change | 38 | $7K |
| WPG Advisers, LLC | 0.00% | New | 32 | $6K |
| Sunbelt Securities, Inc. | 0.00% | New | 32 | $6K |
| JFS Wealth Advisors, LLC | 0.00% | No change | 31 | $6K |
| JPL Wealth Management, LLC | 0.00% | New | 30 | $6K |
| SouthState Bank Corp | 0.00% | Reduce -50.0% | 30 | $6K |
| TD Capital Management LLC | 0.00% | No change | 28 | $6K |
| Key Financial Inc | 0.00% | No change | 28 | $5K |
| MPWM Advisory Solutions, LLC | 0.00% | No change | 27 | $5K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 27 | $5K |
| GPS Wealth Strategies Group, LLC | 0.00% | No change | 25 | $5K |
| Westside Investment Management, Inc. | 0.00% | No change | 25 | $5K |
| Altshuler Shaham Ltd | 0.00% | Reduce -18.5% | 22 | $4K |
| HM Payson & Co. | 0.00% | New | 20 | $4K |
| Palisade Asset Management, LLC | 0.00% | New | 18 | $4K |
| Elevation Wealth Partners, LLC | 0.00% | New | 17 | $3K |
| Bell Investment Advisors, Inc | 0.00% | No change | 15 | $3K |
| Clearstead Trust, LLC | 0.00% | No change | 13 | $3K |
| Bruce G. Allen Investments, LLC | 0.00% | No change | 12 | $2K |
| Marquette Asset Management, LLC | 0.00% | New | 10 | $2K |
| First Horizon Corp. | 0.00% | — | 10 | $2K |
| Sachetta, LLC | 0.00% | No change | 9 | $2K |
| ORG Partners LLC | 0.00% | No change | 9 | $2K |
| Annis Gardner Whiting Capital Advisors, LLC | 0.00% | No change | 8 | $2K |
| Heartwood Wealth Advisors LLC | 0.00% | New | 8 | $2K |
| Cromwell Holdings LLC | 0.00% | No change | 7 | $1K |
| DiNuzzo Private Wealth, Inc. | 0.00% | No change | 7 | $1K |
| Binnacle Investments Inc | 0.00% | No change | 6 | $1K |
| Cloud Capital Management, LLC | 0.00% | New | 8 | $1K |
| Avion Wealth | 0.00% | No change | 7 | $1K |
| Tortoise Investment Management, LLC | 0.00% | Add +150.0% | 5 | $980 |
| Rossby Financial, LCC | 0.00% | New | 4 | $784 |
| Bay Harbor Wealth Management, LLC | 0.00% | Add +33.3% | 4 | $784 |
| Hughes Financial Services, LLC | 0.00% | No change | 4 | $753 |
| Rialto Wealth Management, LLC | 0.00% | Add +50.0% | 3 | $589 |
| HFM Investment Advisors, LLC | 0.00% | No change | 3 | $588 |
| Cornerstone Planning Group LLC | 0.00% | No change | 3 | $574 |
| Abound Wealth Management | 0.00% | No change | 2 | $393 |
| Turning Point Benefit Group, Inc. | 0.00% | New | 2 | $392 |
| SBI Securities Co., Ltd. | 0.00% | No change | 2 | $392 |
"% of holder's portfolio" is AWI's weight in each manager's 13F, not the share of Armstrong World Industries the manager owns.