ILLINOIS TOOL WKS INC

ITW Q1 2026 institutional ownership is a $61.1B book across 1,869 holders. Briar Hall Management is the largest holder at $6.7B (25.8M shares, UNCHANGED) -- a concentrated activist/value position. BlackRock is second at $6.1B (23.4M shares, +2.7%, +$636M). State Farm $5.5B (21.0M shares, UNCHANGED). Vanguard total ~$6.3B across three entities (split: Capital Management $4.5B NEW, Portfolio Management $1.8B NEW, Fiduciary Trust $391M NEW). State Street $3.3B (12.7M shares, +1.5%, +$193M). Northern Trust $2.9B (11.2M shares, -1.6%, -$112M). Geode Capital $1.8B (7.1M shares, +1.6%). Morgan Stanley $1.4B (5.4M shares, +9.9%, +$403M) -- significant add. Capital Research Global $1.2B (4.8M shares, +2.0%, +$97M). Wells Fargo $1.2B (4.6M shares, -25.1%, -$406M) -- largest seller, cutting position by a quarter. Fisher Asset $982M (3.8M shares, +1.8%, +$69M). Goldman Sachs $947M (3.6M shares, +3.5%, +$130M). MassFinancial Services $860M (3.3M shares, -0.9%). Invesco $566M (2.2M shares, +2.1%, +$44M). Charles Schwab IM $713M (2.7M shares, +1.9%). Bank of America $782M (3.0M shares, +2.0%, +$60M). Dimensional Fund Advisors $532M (2.0M shares, +2.2%). UBS Group $416M (1.6M shares, -19.6%, -$101M). BNY Mellon $598M (2.3M shares, -3.8%). Ameriprise $663M (2.5M shares, +1.6%). Two Sigma Investments $382M (1.5M shares, +3,826% from $94K) -- most aggressive build. VOYA Investment $399M (0.7M shares, +34.5%). Jane Street (market_maker) $350M (0.6M shares, +51.9%). Boston Partners $574M (2.2M shares, -1.6%). Legal & General $541M (2.1M shares, -0.3%). Raymond James $802M (3.1M shares, -5.0%). HSBC not present. New positions: Vanguard three. Sellers: Wells Fargo -$406M, UBS Group -$101M, Schroder -$22M, Northern Trust -$112M (from artifact), Raymond James -$78M. Buyers: BlackRock +$636M, Morgan Stanley +$403M, Two Sigma +$359M, State Street +$193M, Goldman +$130M, Fisher +$69M, Capital Research +$97M, BofA +$60M, Invesco +$44M, Geode +$129M, Ameriprise +$62M, State Farm flat. The 75.50 whaleScore reflects AUM. Smart-money read: net-bullish on diversified industrials. ITW Q1 2026 shows broad active-manager adds into a diversified-industrial name with exposure to automotive, aerospace, and food-packaging end markets. Briar Hall's $6.7B UNCHANGED position is itself a strong conviction signal. Morgan Stanley +$403M and Two Sigma +$359M represent high-conviction adds. Wells Fargo -$406M is the only material reduction and is partially offset by the breadth of adds. Net read: cautiously bullish on Illinois Tool Works -- institutional consensus rotating into cyclical industrials consistent with the broader Q1 2026 reflation positioning theme (CMI, GD also showing adds).