Illinois Tool Works

ITW • NYSE

Illinois Tool Works is a industrial - machinery company in the industrials sector on NYSE, led by E. Scott Santi, with a market cap of $72.3B. As of Q3 2025, 81% of shares are held by 1,792 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.16%.

Chief Executive OfficerE. Scott Santi

Market Cap$72.3B

Industrial - Machinery

Industrials

Employees45.0K

Websiteitw.com

Country

United States of America

Overview

Overview of institutional ownership in ITW as of Q3 2025 with a market cap of $76.0B

All Institutions

Institutions: 1,792
Value Held: $61.7B
Shares Held: 236.6M
Avg Position: $34.4M
Median Position: $807.7K

Hedge Funds

Hedge Funds: 59
Value Held: $1.1B
Shares Held: 4.2M
Avg Position: $18.8M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

79.74%

$60.6B

Hedge Funds

1.46%

$1.1B

Retail & Other

18.8%

$14.3B

Based on market cap of $76.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ITW as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$7.0B 0.10% of portfolio	9.16% 26.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B Briar Hall Management LLC Institution	-	$6.7B 100.00% of portfolio	8.86% 25.8M shares	Q4 2017 Held for 7y 11m	$6.7B
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	-	$5.5B 4.57% of portfolio	7.21% 21.0M shares	≤ Q2 2013 Held for 12y 5m+	$119.95B
B BlackRock, Inc. Institution	-	$5.5B 0.10% of portfolio	7.18% 20.9M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$3.3B 0.11% of portfolio	4.27% 12.4M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$3.1B 0.40% of portfolio	4.10% 11.9M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$1.8B 0.36% of portfolio	2.32% 6.8M shares	≤ Q2 2013 Held for 12y 5m+	$488.61B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.8B 0.11% of portfolio	2.32% 6.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.2B 0.07% of portfolio	1.58% 4.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
Capital Research Global Investors RIA/Wealth	Sardar Sheraz Iftikhar CEO	$1.2B 0.22% of portfolio	1.54% 4.5M shares	≤ Q2 2013 Held for 12y 5m+	$532.36B

Net Capital Flow

Institutional buying and selling activity for ITW in Q3 2025

Net Flow: −$49.7M
Buyers: 634
Sellers: 759
Total Bought: +$1.3B
Total Sold: −$1.4B
Avg Position: $34.5M

Biggest Buyers

Institution	Net Bought	Current Position
UBS Group AG Institution	+$138.9M +532.7K shares	$494.9M 1.9M shares
R ROYAL BANK OF CANADA Institution	+$106.5M +408.3K shares	$263.4M 1.0M shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	+$86.3M +331.0K shares	$90.4M 346.6K shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	+$82.5M +316.5K shares	$110.7M 424.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$65.7M +251.8K shares	$94.3M 361.7K shares
Marshall Wace LLP Institution	+$64.4M +247.0K shares	$104.3M 400.2K shares
JPMORGAN CHASE & CO Institution	+$40.4M +155.1K shares	$301.5M 1.2M shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$39.6M +151.7K shares	$66.6M 255.3K shares
Capital Research Global Investors RIA/Wealth	+$34.3M +131.7K shares	$1.2B 4.5M shares
A Amundi Institution	+$31.2M +120.7K shares	$237.6M 918.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BlackRock, Inc. Institution	−$205.1M −786.6K shares	$5.5B 20.9M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$150.6M −577.5K shares	$474.0M 1.8M shares
A AXA Institution	−$60.6M −245.1K shares	Sold Off 0 shares
B BESSEMER GROUP INC Institution	−$55.6M −213.4K shares	$7.6M 29.1K shares
PNC FINANCIAL SERVICES GROUP, INC. Institution	−$48.7M −186.9K shares	$253.3M 971.5K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$45.0M −172.5K shares	$91.2M 349.7K shares
Q Qube Research & Technologies Ltd Institution	−$44.8M −171.8K shares	$112.3M 430.8K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$40.1M −153.8K shares	$97.4M 373.4K shares
B BNP Paribas Investment Partners S.A. Institution	−$36.4M −147.1K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$35.2M −134.8K shares	$771.4M 3.0M shares

Entry and Exit Activity

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

New Positions: 43
New Value: $19.2M
Exited Positions: 97
Exited Value: $163.0M

New Positions

Institution	Position Value
HITE Hedge Asset Management LLC Hedge Fund•Long/Short	$4.9M 18.9K shares
Thrive Capital Management, LLC RIA/Wealth	$4.1M 15.7K shares
P Peak Retirement Planning, Inc. RIA/Wealth	$1.8M 6.8K shares
T TEMA ETFS LLC Institution	$1.1M 4.1K shares
P Polymer Capital Management LTD Hedge Fund•Multi-Strategy	$904.1K 3.5K shares
C CHAPMAN FINANCIAL GROUP, LLC Institution	$903.8K 3.5K shares
LexAurum Advisors, LLC RIA/Wealth	$414.6K 1.6K shares
Carrera Capital Advisors RIA/Wealth	$371.3K 1.4K shares
Everhart Financial Group, Inc. RIA/Wealth	$349.2K 1.3K shares
ZEGA Investments, LLC RIA/Wealth	$268.3K 1.0K shares

Exited Positions

Institution	Previous Position
A AXA Institution	$60.6M 245.1K shares
B BNP Paribas Investment Partners S.A. Institution	$36.4M 147.1K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$13.9M 56.1K shares
A AMF Pensionsforsakring AB Institution	$9.2M 37.0K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$4.6M 18.7K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$3.6M 14.6K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$3.1M 12.7K shares
WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager	$2.2M 8.9K shares
Fort Point Capital Partners, LLC Fund of Funds	$1.8M 7.2K shares
I Impax Asset Management Group plc Long Only Manager	$1.8M 7.2K shares

Options Activity

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

Call Positions: 20
Call Value: $203.4M
Put Positions: 19
Put Value: $51.7M

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$77.2M 3.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$47.1M 1.8K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$23.9M 9.2 contracts
Caption Management, LLC Hedge Fund•Long/Short	$13.0M 500.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$13.0M 499.0 contracts
W WOLVERINE TRADING, LLC Institution	$8.5M 325.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$7.3M 280.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$2.9M 111.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$2.9M 110.0 contracts
P PEAK6 LLC Institution	$2.1M 79.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$14.2M 543.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$10.1M 386.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.0M 383.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$4.9M 188.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$4.2M 1.6 contracts
Planned Solutions, Inc. RIA/Wealth	$2.6M 100.0 contracts
A Allianz Asset Management AG Institution	$1.7M 66.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.4M 53.0 contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$625.8K 24.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$599.7K 23.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B Briar Hall Management LLC Institution	-	100.00% $6.7B	8.86% 25.8M shares	Q4 2017 Held for 7y 11m	$6.7B
C COERENTE CAPITAL MANAGEMENT Institution	-	4.88% $27.5M	0.04% 105.5K shares	Q1 2021 Held for 4y 8m	$563.0M
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	-	4.57% $5.5B	7.21% 21.0M shares	≤ Q2 2013 Held for 12y 5m+	$119.95B
Eliot Finkel Investment Counsel, LLC RIA/Wealth	Eliot Michelow Finkel Managing Partner	4.16% $6.9M	0.01% 26.5K shares	Q1 2019 Held for 6y 8m	$166.4M
M MCDANIEL TERRY & CO Institution	-	3.91% $48.6M	0.06% 186.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.2B
Long Road Investment Counsel, LLC RIA/Wealth	Charles Dwight Wattles President	3.60% $10.2M	0.01% 39.0K shares	Q4 2014 Held for 10y 11m	$282.5M
G Guinness Asset Management LTD Institution	-	3.49% $219.2M	0.29% 838.6K shares	≤ Q2 2013 Held for 12y 5m+	$6.3B
Windle Wealth, LLC RIA/Wealth	Donald Ray Windle CCO	3.47% $7.7M	0.01% 29.7K shares	Q4 2022 Held for 2y 11m	$223.5M
Borer Denton & Associates, Inc. RIA/Wealth	Edward Turner Borer Chairman	3.44% $10.4M	0.01% 39.9K shares	Q1 2022 Held for 3y 8m	$302.5M
COMPASS CAPITAL MANAGEMENT INC/ Long Only Manager	Timothy Francis Shanahan President	3.17% $59.9M	0.08% 229.9K shares	≤ Q2 2013 Held for 12y 5m+	$1.9B

Hedge Fund Spotlight

Discover hedge funds investing in ITW

Quantbot Technologies LLC

Hedge Fund • Quant

Portfolio ManagerPaul Edward White

Portfolio Value: $3.7B
Positions: 1,694
Last Reported: Q3 2025

Sector Allocation

Position in Illinois Tool Works

Market Value: $3.1M
Shares Held: 11.7K
Portfolio Weight: 0.08%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 SoFi Technologies, Inc. SOFI	Financial - Credit Services Financial Services	$29.1M	0.79%
2 Lam Research LRCX	Semiconductors Technology	$27.8M	0.75%
3 Honeywell International HON	Conglomerates Industrials	$27.6M	0.75%