Armstrong World Industries

AWI • NYSE

Armstrong World Industries is a construction company in the industrials sector on NYSE, led by Victor D. Grizzle, with a market cap of $8.0B. As of Q3 2025, 99% of shares are held by 493 institutional investors, with BlackRock, Inc. as the largest holder at 12.23%.

President & CEOVictor D. Grizzle

Market Cap$8.0B

Construction

Industrials

Employees3.1K

Websitearmstrongceilings.com

Country

United States of America

Overview

Overview of institutional ownership in AWI as of Q3 2025 with a market cap of $8.5B

All Institutions

Institutions: 493
Value Held: $8.4B
Shares Held: 43.0M
Avg Position: $17.1M
Median Position: $794.2K

Hedge Funds

Hedge Funds: 55
Value Held: $868.4M
Shares Held: 4.4M
Avg Position: $15.8M
Median Position: $4.5M

Ownership Breakdown

Institutional (non-HF)

89.24%

$7.6B

Hedge Funds

10.24%

$868.4M

Retail & Other

0.514%

$43.6M

Based on market cap of $8.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AWI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.0B 0.02% of portfolio	12.23% 5.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$880.5M 0.01% of portfolio	10.38% 4.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
C Capital International Investors Institution	-	$450.6M 0.07% of portfolio	5.31% 2.3M shares	Q1 2019 Held for 6y 8m	$615.90B
LONDON CO OF VIRGINIA Digital Asset Manager	Jasleen Kaur Bains CCO	$418.6M 2.27% of portfolio	4.94% 2.1M shares	Q3 2016 Held for 9y 2m	$18.4B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$269.6M 0.01% of portfolio	3.18% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	$257.2M 2.43% of portfolio	3.04% 1.3M shares	Q1 2020 Held for 5y 8m	$10.6B
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	George Robert Aylward CEO	$251.4M 0.61% of portfolio	2.97% 1.3M shares	Q2 2020 Held for 5y 5m	$41.0B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$200.8M 0.68% of portfolio	2.37% 1.0M shares	Q4 2022 Held for 2y 11m	$29.4B
N Neuberger Berman Group LLC Institution	-	$195.4M 0.14% of portfolio	2.30% 996.6K shares	Q4 2023 Held for 1y 11m	$136.94B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$186.9M 0.01% of portfolio	2.20% 953.5K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for AWI in Q3 2025

Traded: +$49.5M
Buyers: 279
Sellers: 191
Total Bought: +$790.5M
Total Sold: −$740.9M
Avg Position: $16.0M

Biggest Buyers

Institution	Net Bought	Current Position
PRUDENTIAL FINANCIAL INC Institution	+$127.0M +648.2K shares	$137.7M 702.5K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$67.9M +348.3K shares	$173.8M 891.3K shares
FMR LLC Institution	+$43.5M +222.0K shares	$62.9M 321.0K shares
AMERIPRISE FINANCIAL INC Institution	+$33.5M +171.0K shares	$71.7M 365.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$24.1M +123.2K shares	$38.1M 194.2K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	+$20.9M +106.5K shares	$28.3M 144.3K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$20.4M +104.3K shares	$105.1M 536.2K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	+$20.3M +103.8K shares	$20.3M 103.8K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$19.9M +101.3K shares	$24.7M 125.8K shares
UBS Group AG Institution	+$18.4M +93.8K shares	$32.3M 164.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
A ADAGE CAPITAL PARTNERS GP LLC Institution	−$79.2M −404.0K shares	$65.3M 333.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$57.3M −292.1K shares	$69.6M 355.2K shares
T TIMUCUAN ASSET MANAGEMENT INC/FL Institution	−$50.2M −256.2K shares	$114.4M 583.5K shares
GOLDMAN SACHS GROUP INC Institution	−$34.3M −174.8K shares	$21.2M 107.9K shares
LONDON CO OF VIRGINIA Digital Asset Manager	−$32.4M −165.3K shares	$418.6M 2.1M shares
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	−$32.4M −165.1K shares	$200.8M 1.0M shares
COOKE & BIELER LP Long Only Manager	−$30.5M −155.4K shares	$37.3M 190.2K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$29.1M −148.4K shares	$19.3M 98.6K shares
C Capital International Investors Institution	−$25.9M −132.2K shares	$450.6M 2.3M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$23.4M −119.6K shares	$19.8M 101.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited AWI in Q3 2025

New Positions: 62
New Value: $28.9M
Exited Positions: 35
Exited Value: $47.1M

New Positions

Institution	Position Value
New Millennium Group LLC RIA/Wealth	$3.8M 19.3K shares
Vident Advisory, LLC ETF Provider	$3.2M 16.5K shares
E Elo Mutual Pension Insurance Co Institution	$2.0M 10.1K shares
COOKSON PEIRCE & CO INC RIA/Wealth	$1.2M 5.9K shares
Aaron Wealth Advisors LLC RIA/Wealth	$1.1M 5.6K shares
Voleon Capital Management LP Hedge Fund•Quant	$982.6K 5.0K shares
D Daiwa Securities Group Inc. Institution	$960.4K 4.9K shares
Harvest Investment Services, LLC RIA/Wealth	$919.3K 4.7K shares
NEW YORK LIFE INVESTMENT MANAGEMENT LLC Long Only Manager	$857.5K 4.4K shares
Krilogy Financial LLC RIA/Wealth	$752.7K 3.9K shares

Exited Positions

Institution	Previous Position
Symphony Financial, Ltd. Co. RIA/Wealth	$9.4M 57.7K shares
1 1060 Capital, LLC Institution	$5.7M 35.0K shares
N NATIONAL BANK OF CANADA /FI/ Institution	$5.3M 32.9K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$5.2M 32.1K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$4.4M 27.3K shares
X XTX Topco Ltd Institution	$3.6M 21.9K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.9M 18.0K shares
H Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Institution	$2.2M 13.3K shares
S Sciencast Management LP Hedge Fund•Quant	$1.4M 8.4K shares
Summit Global Investments Long Only Manager	$1.1M 7.0K shares

Options Activity

Institutions with the largest Call and Put options positions in AWI as of Q3 2025

Call Positions: 7
Call Value: $66.2M
Put Positions: 2
Put Value: $8.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$29.4M 1.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$16.5M 844.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$11.5M 588.0 contracts
BARCLAYS PLC Institution	$5.9M 300.0 contracts
J JANE STREET GROUP, LLC Institution	$2.6M 131.0 contracts
W WOLVERINE TRADING, LLC Institution	$329.3K 17.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.6M 237.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.0M 205.0 contracts

Most Committed Institutions

Institutions with AWI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
SOUTHERNSUN ASSET MANAGEMENT, LLC Long Only Manager	Michael Whitman Cook Chairman	4.44% $34.2M	0.40% 174.7K shares	Q4 2020 Held for 4y 11m	$771.8M
T TIMUCUAN ASSET MANAGEMENT INC/FL Institution	-	3.11% $114.4M	1.35% 583.5K shares	Q3 2020 Held for 5y 2m	$3.7B
H Harvey Partners, LLC Institution	-	2.97% $32.6M	0.38% 166.3K shares	Q3 2023 Held for 2y 2m	$1.1B
Gates Capital Management, Inc. Hedge Fund•Event Driven	Jeffrey Linn Gates President	2.91% $94.0M	1.11% 479.7K shares	Q4 2017 Held for 7y 11m	$3.2B
Taylor Hoffman Capital Management LLC RIA/Wealth	Josiah David Hoffman Owner	2.73% $8.7M	0.10% 44.3K shares	Q3 2024 Held for 1y 2m	$317.4M
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	2.66% $93.7M	1.11% 478.1K shares	Q3 2022 Held for 3y 2m	$3.5B
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	2.43% $257.2M	3.04% 1.3M shares	Q1 2020 Held for 5y 8m	$10.6B
LONDON CO OF VIRGINIA Digital Asset Manager	Jasleen Kaur Bains CCO	2.27% $418.6M	4.94% 2.1M shares	Q3 2016 Held for 9y 2m	$18.4B
YACKTMAN ASSET MANAGEMENT LP Long Only Manager	Molly Mcfarland Pieroni President	2.05% $148.8M	1.76% 759.3K shares	Q1 2021 Held for 4y 8m	$7.3B
Global Alpha Capital Management Ltd. Long Only Manager	Robert Beauregard President	1.91% $33.4M	0.39% 170.2K shares	Q1 2025 Held for 8 months	$1.7B

Hedge Fund Spotlight

Discover hedge funds investing in AWI

Alyeska Investment Group, L.P.

Hedge Fund • Multi-Strategy

Portfolio ManagerAnand Christopher Parekh

Portfolio Value: $33.0B
Positions: 575
Last Reported: Q3 2025

Sector Allocation

Position in Armstrong World Industries

Market Value: $98.5M
Shares Held: 502.7K
Portfolio Weight: 0.30%
Owned Since: 2023-Q4

Top Holding	Sector	Market Value	Weight
1 iShares Core S&P 500 ETF IVV	ETF ETF	$4.1B	12.47%
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$973.2M	2.94%
3 Apple AAPL	Consumer Electronics Technology	$928.4M	2.81%