ANALOG DEVICES INC

ADI Q1 2026 institutional ownership is a $127.0B book across 2,046 holders. BlackRock is the largest holder at $13.7B (43.1M shares, -0.4%, +$1.99B from share-count DECREASED; value moved with stock price). Vanguard Capital Management $10.1B (31.7M shares, NEW); Vanguard Portfolio Management $4.6B (14.3M shares, NEW); Vanguard Fiduciary Trust $875M (2.8M shares, NEW). State Street $7.3B (23.1M shares, -2.1%, +$966M from share DECREASED). JPMorgan $6.3B (20.7M shares, -7.7%, +$190M). Geode Capital $3.9B (12.2M shares, +5.2%, +$633M). Bank of America $3.3B (10.2M shares, +6.0%, +$616M). Wells Fargo $2.7B (8.4M shares, -1.1%, +$370M). Morgan Stanley $2.6B (8.3M shares, -21.0%, -$207M) -- the largest seller by NET. FMR LLC $2.1B (6.7M shares, +16.3%, +$805M). UBS AM $2.1B (6.7M shares, +17.8%, +$840M). Invesco $2.1B (6.6M shares, +5.7%, +$365M). MassFinancial Services $2.0B (6.2M shares, -19.1%, -$151M). Northern Trust $1.7B (5.3M shares, +4.9%, +$257M). Amundi $1.6B (5.0M shares, +6.0%, +$306M). Goldman Sachs $1.3B (4.0M shares, +6.9%, +$266M). Raymond James Financial $1.5B (4.9M shares, +4.7%, +$226M). Legal & General $1.3B (4.0M shares, +6.1%, +$231M). Ameriprise $1.9B (5.9M shares, +6.2%, +$290M). Franklin Resources $1.3B (4.0M shares, -9.4%, +$119M). Bank of New York Mellon $1.1B (3.4M shares, +4.1%, +$143M). Dimensional Fund Advisors $901M (2.8M shares, -6.7%, +$45M). UBS Group $1.0B (3.1M shares, +8.3%, +$111M). New positions: Vanguard three. Sellers: Morgan Stanley -$207M, MassFinancial -$151M, Barclays -$161M, BNP Paribas -$107M, Franklin +$119M (net reduced despite positive valueChange). Buyers: UBS AM +$840M, FMR +$805M, Geode +$633M, BofA +$616M, Invesco +$365M, Amundi +$306M, Goldman +$266M, Raymond James +$226M, Legal & General +$231M, Ameriprise +$290M, Northern Trust +$257M, UBS Group +$111M. The 75.50 whaleScore reflects AUM. Smart-money read: net-bullish on semiconductor. The dominant feature of ADI Q1 2026 is the MASSIVE inflow from active managers into semiconductor/semiconductor-equipment names -- UBS AM +$840M, FMR +$805M, Geode +$633M, BofA +$616M represent the most aggressive concentrated active-manager additions across this multi-quarter batch. MassFinancial's -$151M is the only material active reduction and is dwarfed by adds. The topHolders DECREASED rows (BlackRock, State Street, JPMorgan) are share-count reductions in a rising-price environment -- these are NOT active sells; they reflect passive rebalancing against ADI's own stock appreciation. Net read: bullish on Analog Devices -- semiconductor cycle positioning with broad active-manager consensus adding across the board.