Quad Graphics

QUAD • NYSE

Quad Graphics is a specialty business services company in the industrials sector on NYSE, led by J. Joel Quadracci, with a market cap of $333.3M. As of Q3 2025, 41% of shares are held by 137 institutional investors, with LMM LLC as the largest holder at 5.2%.

President and CEOJ. Joel Quadracci

Market Cap$333.3M

Specialty Business Services

Industrials

Employees13.2K

Websitequad.com

Country

United States of America

Overview

Overview of institutional ownership in QUAD as of Q3 2025 with a market cap of $316.0M

All Institutions

Institutions: 137
Value Held: $129.8M
Shares Held: 20.7M
Avg Position: $947.2K
Median Position: $167.8K

Hedge Funds

Hedge Funds: 16
Value Held: $14.3M
Shares Held: 2.3M
Avg Position: $893.8K
Median Position: $269.3K

Ownership Breakdown

Institutional (non-HF)

36.54%

$115.5M

Hedge Funds

4.53%

$14.3M

Retail & Other

58.93%

$186.2M

Based on market cap of $316.0M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in QUAD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
LMM LLC Long Only Manager	William Herbert Miller Chairman	$16.4M 6.03% of portfolio	5.20% 2.6M shares	Q1 2019 Held for 6y 8m	$272.2M
B BlackRock, Inc. Institution	-	$12.7M 0.00% of portfolio	4.03% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$11.3M 0.00% of portfolio	3.57% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$8.4M 0.02% of portfolio	2.67% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$45.1B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$7.2M 0.00% of portfolio	2.29% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	Scott Hoy Mcbride CEO	$6.7M 0.02% of portfolio	2.12% 1.1M shares	Q2 2018 Held for 7y 5m	$32.2B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	David Allen Lippe CEO	$5.1M 0.01% of portfolio	1.62% 819.8K shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$4.3M 0.00% of portfolio	1.38% 694.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
GREAT VALLEY ADVISOR GROUP, INC. RIA/Wealth	James J Spinelli CEO	$4.0M 0.08% of portfolio	1.28% 644.9K shares	Q1 2024 Held for 1y 8m	$5.0B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$4.0M 0.00% of portfolio	1.26% 634.6K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T

Net Capital Flow

Institutional buying and selling activity for QUAD in Q3 2025

Traded: +$58.9K
Buyers: 58
Sellers: 66
Total Bought: +$10.3M
Total Sold: −$10.2M
Avg Position: $865.1K

Biggest Buyers

Institution	Net Bought	Current Position
Marshall Wace LLP Institution	+$2.0M +313.2K shares	$2.6M 418.3K shares
ZACKS INVESTMENT MANAGEMENT RIA/Wealth	+$1.4M +227.9K shares	$1.4M 227.9K shares
D D. E. Shaw & Co., Inc. Institution	+$941.5K +150.4K shares	$2.7M 435.9K shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	+$710.6K +113.5K shares	$1.8M 289.3K shares
GOLDMAN SACHS GROUP INC Institution	+$518.6K +82.8K shares	$1.2M 185.1K shares
Comprehensive Portfolio Management, LLC RIA/Wealth	+$480.5K +76.8K shares	$915.7K 146.3K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$463.6K +74.1K shares	$1.6M 248.7K shares
MORGAN STANLEY RIA/Wealth	+$456.9K +73.0K shares	$919.1K 146.8K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$324.3K +51.8K shares	$1.0M 162.2K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	+$306.9K +49.0K shares	$306.9K 49.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.2M −198.2K shares	$1.3M 207.1K shares
A AXA Institution	−$680.8K −120.5K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$608.6K −97.2K shares	$231.8K 37.0K shares
LMM LLC Long Only Manager	−$544.0K −86.9K shares	$16.4M 2.6M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$537.6K −85.9K shares	$856.7K 136.9K shares
B BlackRock, Inc. Institution	−$524.9K −83.9K shares	$12.7M 2.0M shares
P Petrus Trust Company, LTA Institution	−$474.9K −84.1K shares	Sold Off 0 shares
CWM Advisors, LLC ETF Provider	−$439.3K −70.2K shares	$994.4K 158.8K shares
HARBOR CAPITAL ADVISORS, INC. ETF Provider	−$416.1K −66.5K shares	$169.5K 27.1K shares
Engineers Gate Manager LP Hedge Fund•Quant	−$380.1K −67.3K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 8
New Value: $1.7M
Exited Positions: 13
Exited Value: $2.5M

New Positions

Institution	Position Value
ZACKS INVESTMENT MANAGEMENT RIA/Wealth	$1.4M 227.9K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$136.2K 21.8K shares
Alta Wealth Advisors LLC RIA/Wealth	$92.1K 14.7K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$69.0K 11.0K shares
CULLEN/FROST BANKERS, INC. Institution	$11.2K 1.8K shares
A Advisory Services Network, LLC RIA/Wealth	$10.0K 1.6K shares
O Optiver Holding B.V. Institution	$3.3K 530.0 shares
Sunbelt Securities, Inc. RIA/Wealth	$25.0 4.0 shares

Exited Positions

Institution	Previous Position
A AXA Institution	$680.8K 120.5K shares
P Petrus Trust Company, LTA Institution	$474.9K 84.1K shares
Engineers Gate Manager LP Hedge Fund•Quant	$380.1K 67.3K shares
C Cubist Systematic Strategies, LLC Institution	$257.9K 45.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$246.6K 43.6K shares
PRUDENTIAL FINANCIAL INC Institution	$144.0K 25.5K shares
B Brevan Howard Capital Management LP Institution	$134.7K 23.8K shares
D Dynamic Technology Lab Private Ltd Institution	$71.1K 12.6K shares
H HRT FINANCIAL LLC Institution	$67.8K 12.0K shares
O OXFORD ASSET MANAGEMENT Institution	$57.7K 10.2K shares

Options Activity

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

Call Positions: 2
Call Value: $223.5K
Put Positions: 1
Put Value: $66.4K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$122.7K 196.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$100.8K 161.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$66.4K 106.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
LMM LLC Long Only Manager	William Herbert Miller Chairman	6.03% $16.4M	5.20% 2.6M shares	Q1 2019 Held for 6y 8m	$272.2M
C Corton Capital Inc. Institution	-	0.21% $85.6K	0.03% 13.7K shares	Q3 2025 Held for 2 months	$40.6M
H HEARTLAND ADVISORS INC Long Only Manager	William Richard Nasgovitz CEO	0.10% $1.9M	0.59% 300.0K shares	Q4 2024 Held for 11 months	$1.9B
CWM Advisors, LLC ETF Provider	Robert John Netzly CEO	0.10% $994.4K	0.31% 158.8K shares	Q2 2024 Held for 1y 5m	$1.0B
GREAT VALLEY ADVISOR GROUP, INC. RIA/Wealth	James J Spinelli CEO	0.08% $4.0M	1.28% 644.9K shares	Q1 2024 Held for 1y 8m	$5.0B
P PharVision Advisers, LLC Hedge Fund•Long/Short	Philip Nikolaev Arnaudov CEO	0.07% $130.9K	0.04% 20.9K shares	Q3 2025 Held for 2 months	$176.9M
EMC Capital Management Hedge Fund•Multi-Strategy	Ajay Nmn Jain Founder	0.04% $92.3K	0.03% 14.7K shares	Q1 2022 Held for 3y 8m	$210.2M
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	Kevin Dwayne Cole CEO	0.04% $505.4K	0.16% 80.7K shares	Q1 2023 Held for 2y 8m	$1.3B
Crescent Grove Advisors, LLC RIA/Wealth	David Scott Keevins CIO	0.04% $378.7K	0.12% 60.5K shares	Q2 2019 Held for 6y 5m	$1.0B
S State of Wyoming Institution	-	0.03% $297.9K	0.09% 47.6K shares	Q2 2025 Held for 5 months	$879.7M

Hedge Fund Spotlight

Discover hedge funds investing in QUAD

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerJohn Mihn Soo Liew

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in Quad Graphics

Market Value: $1.3M
Shares Held: 207.1K
Portfolio Weight: 0.00%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%