Quad/Graphics, Inc. (QUAD) shareholders
QUADNYSECommercial PrintingFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 10/3040% below fair value
$7.54−0.02 (-0.26%)
Close on Nov 12, 2026Market cap $383.93MP/E –Yield 3.98%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
41.7%
21M of 51M shares
Institutional holders
146
13 new, 14 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Quad/Graphics, Inc. Voting Trust | 12,286,914 | 24.00% | 13G (passive) amendment | Dec 31, 2024 |
| Delaware Charter Guarantee & Trust Company dba Principal Trust Company as Directed Trustee for the Quad/Graphics ESOP IRS No | 2,575,099 | 6.62% | 13G (passive) amendment | Sep 30, 2024 |
| BlackRock, Inc. | 2,177,890 | 5.80% | 13G (passive) amendment | Dec 31, 2023 |
| Miller Value Partners, LLC Joint filing with William H. Miller IV (5.93%) | 0 | 5.93% | 13G (passive) amendment | Jul 24, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of QUAD | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Miller Value Partners, LLC | 2,538,299 | 4.98% | $21.40M | −112,740 | 5.06% |
| BlackRock, Inc. | 2,290,195 | 4.50% | $19.31M | +269,378 | 0.00% |
| Lsv Asset Management | 1,373,491 | 2.70% | $11.58M | +39,790 | 0.02% |
| Vanguard Capital Management LLC | 1,303,331 | 2.56% | $10.99M | −83,789 | 0.00% |
| Dimensional Fund Advisors LP | 1,194,489 | 2.35% | $10.07M | +59,050 | 0.00% |
| Hotchkis & Wiley Capital Management LLC | 1,053,640 | 2.07% | $8.88M | +32,110 | 0.03% |
| Geode Capital Management, LLC | 773,412 | 1.52% | $6.52M | +80,895 | 0.00% |
| Renaissance Technologies LLC | 672,900 | 1.32% | $5.67M | −49,500 | 0.01% |
| State Street Corp | 637,466 | 1.25% | $5.37M | +4,305 | 0.00% |
| Great Valley Advisor Group, Inc. | 622,325 | 1.22% | $5.25M | +1,000 | 0.08% |
| O'Shaughnessy Asset Management, LLC | 460,731 | 0.90% | $3.88M | +93,001 | 0.02% |
| Bank of New York Mellon Corp | 415,952 | 0.82% | $3.51M | +13,014 | 0.00% |
| D. E. Shaw & Co., Inc. | 407,059 | 0.80% | $3.43M | −48,068 | 0.00% |
| Arrowstreet Capital, Limited Partnership | 318,047 | 0.62% | $2.68M | −142,405 | 0.00% |
| Heartland Advisors Inc | 300,000 | 0.59% | $2.53M | – | 0.11% |
| Inspire Investing, LLC | 292,680 | 0.57% | $2.47M | +39,793 | 0.10% |
| Segall Bryant & Hamill, LLC | 289,655 | 0.57% | $2.44M | −20,496 | 0.03% |
| Ritholtz Wealth Management | 287,918 | 0.57% | $2.43M | +20,854 | 0.04% |
| Vanguard Portfolio Management LLC | 286,992 | 0.56% | $2.42M | +76,697 | 0.00% |
| Zacks Investment Management | 273,149 | 0.54% | $2.30M | +22,062 | 0.02% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 146 | 21M | 41.7% | 13 / 69 | 41 / 14 | 2M | 1M |
| Q1 2026 | 150 | 21M | 41.2% | 27 / 51 | 44 / 12 | 3M | 2M |
| Q4 2025 | 139 | 21M | 42.1% | 15 / 48 | 47 / 14 | 1M | 1M |
| Q3 2025 | 140 | 21M | 41.7% | 18 / 42 | 55 / 13 | 2M | 2M |
| Q2 2025 | 135 | 21M | 41.5% | 15 / 56 | 42 / 13 | 2M | 2M |
| Q1 2025 | 133 | 21M | 41.5% | 19 / 50 | 37 / 18 | 2M | 2M |
| Q4 2024 | 133 | 21M | 40.9% | 33 / 49 | 30 / 11 | 3M | 1M |
| Q3 2024 | 111 | 19M | 37.5% | 13 / 48 | 20 / 20 | 4M | 2M |
| Q2 2024 | 119 | 19M | 37.9% | 19 / 40 | 33 / 8 | 2M | 2M |
| Q1 2024 | 108 | 19M | 37.8% | 17 / 33 | 35 / 8 | 2M | 1M |
| Q4 2023 | 100 | 18M | 35.4% | 10 / 38 | 33 / 11 | 1M | 1M |
| Q3 2023 | 101 | 17M | 34.2% | 24 / 30 | 24 / 13 | 2M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
167 funds held QUAD in Q2 2026, 45% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of QUAD | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 924,833 | 1.82% | $7.80M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 846,216 | 1.66% | $7.13M | 0.01% | Jun 30, 2026 |
| Miller Income Fund | 472,800 | 0.93% | $3.99M | 2.31% | Jun 30, 2026 |
| Hotchkis and Wiley Small Cap Value Fund | 401,000 | 0.79% | $3.38M | 0.42% | Jun 30, 2026 |
| American Beacon Small Cap Value Fund | 353,275 | 0.69% | $3.67M | 0.10% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 340,187 | 0.67% | $2.87M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 331,294 | 0.65% | $3.44M | 0.01% | Jul 31, 2026 |
| Heartland Value Fund | 300,000 | 0.59% | $2.53M | 0.22% | Jun 30, 2026 |
| Inspire Fidelis Multi Factor ETF | 280,747 | 0.55% | $2.09M | 1.04% | May 31, 2026 |
| LSV Small Cap Value Fund | 265,501 | 0.52% | $2.76M | 0.39% | Jul 31, 2026 |
| U.S. Micro Cap Portfolio | 259,257 | 0.51% | $2.69M | 0.03% | Jul 31, 2026 |
| Miller Value Partners Appreciation ETF | 231,842 | 0.46% | $1.95M | 2.79% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 212,565 | 0.42% | $1.79M | 0.01% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 162,874 | 0.32% | $1.21M | 0.00% | May 31, 2026 |
| WisdomTree U.S. SmallCap Dividend Fund | 162,178 | 0.32% | $1.37M | 0.06% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| J. Joel Quadracci | Chairman & CEO, Director | 2,787,687 | 5.47% | Mar 3, 2026 |
| Donald M. McKenna | EVP, Chief Administrative Ofcr | 163,343 | 0.32% | Aug 4, 2026 |
| Robert H. Quadracci | Chief Human Resources Officer | 167,329 | 0.33% | Mar 3, 2026 |
| Julie A. Currie | EVP and Chief Revenue Officer | 175,638 | 0.34% | Mar 3, 2026 |
| Kelly A. Vanderboom | EVP Head of Agency Operations | 321,385 | 0.63% | Mar 3, 2026 |
| Anne M. Bauer | VP, Chief Accounting Officer | 53,620 | 0.11% | Mar 3, 2026 |
| Steven D. Jaeger | Chief Information Officer | 132,036 | 0.26% | Mar 3, 2026 |
| Anthony Staniak | CFO & Treasurer | 388,118 | 0.76% | Mar 3, 2026 |
| David J. Honan | Pres & Chief Operating Officer | 757,931 | 1.49% | Mar 3, 2026 |
| Dana B. Gruen | General Counsel & Corp Sec | 206,973 | 0.41% | Mar 3, 2026 |
| Timothy Vincent Maleeny | Client Strat Ofcr & Pres QAS | 89,284 | 0.18% | Jan 5, 2026 |
| Joshua J. Golden | Chief Marketing Officer | 157,469 | 0.31% | Jan 5, 2026 |
| Eric N. Ashworth | EVP Product & Market Strategy | 222,195 | 0.44% | Mar 4, 2025 |
| Melanie Arlene Huet | Director | 58,750 | 0.12% | Aug 4, 2026 |
| John C. Fowler | Director | 266,520 | 0.52% | Aug 4, 2026 |
| Kathryn Quadracci Flores | Director | 110,037 | 0.22% | May 28, 2026 |
| Douglas P. Buth | Director | 165,950 | 0.33% | May 22, 2026 |
| Christopher B. Harned | Director | 852,993 | 1.68% | May 22, 2026 |
| Stephen M. Fuller | Director | 225,503 | 0.44% | May 22, 2026 |
| Jay O. Rothman | Director | 218,852 | 0.43% | May 22, 2026 |
| Beth-Ann Eason | Director | 86,321 | 0.17% | May 22, 2026 |
| John S. Shiely | Director | 227,973 | 0.45% | Feb 25, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Melanie Arlene Huet Director | Jul 31, 2026 | Returned to company | −28,543 | $9.99 | $285.14K | 58,750 |
| John C. Fowler Director | Jul 31, 2026 | Returned to company | −26,000 | $9.86 | $256.36K | 245,104 |
| Donald M. McKenna EVP, Chief Administrative Ofcr | Jul 31, 2026 | Returned to company | −12,289 | $9.84 | $120.92K | 162,779 |
| Kathryn Quadracci Flores Director | May 27, 2026 | Returned to company | −9,692 | $7.40 | $71.72K | 74,313 |
| Kathryn Quadracci Flores Director | May 26, 2026 | Returned to company | −17,735 | $7.25 | $128.58K | 84,005 |
| Douglas P. Buth Director | May 20, 2026 | Award | +19,178 | – | – | 165,950 |
| Stephen M. Fuller Director | May 20, 2026 | Award | +19,178 | – | – | 225,503 |
| Melanie Arlene Huet Director | May 20, 2026 | Award | +19,178 | – | – | 86,725 |
| Jay O. Rothman Director | May 20, 2026 | Award | +19,178 | – | – | 218,852 |
| Kathryn Quadracci Flores Director | May 20, 2026 | Award | +19,178 | – | – | 101,740 |
| John C. Fowler Director | May 20, 2026 | Award | +19,178 | – | – | 268,220 |
| Christopher B. Harned Director | May 20, 2026 | Award | +19,178 | – | – | 300,533 |
| Beth-Ann Eason Director | May 20, 2026 | Award | +19,178 | – | – | 86,321 |
| Beth-Ann Eason Director | May 1, 2026 | Returned to company | −30,738 | $8.28 | $254.51K | 67,143 |
| Kathryn Quadracci Flores Director | May 1, 2026 | Returned to company | −7,675 | $8.30 | $63.70K | 82,562 |
| Kathryn Quadracci Flores Director | Mar 6, 2026 | Returned to company | −10,655 | $6.65 | $70.86K | 89,363 |
| Steven D. Jaeger Chief Information Officer | Mar 2, 2026 | Returned to company | −8,205 | $6.84 | $56.12K | 130,148 |
| David J. Honan Pres & Chief Operating Officer | Mar 1, 2026 | Award | +38,820 | – | – | 736,321 |
| David J. Honan Pres & Chief Operating Officer | Mar 1, 2026 | Tax withholding | −73,557 | $6.91 | $508.28K | 697,501 |
| Steven D. Jaeger Chief Information Officer | Mar 1, 2026 | Tax withholding | −10,423 | $6.91 | $72.02K | 138,353 |
| Robert H. Quadracci Chief Human Resources Officer | Mar 1, 2026 | Tax withholding | −2,862 | $6.91 | $19.78K | 165,401 |
| Robert H. Quadracci Chief Human Resources Officer | Mar 1, 2026 | Tax withholding | −4,883 | $6.91 | $33.74K | 168,263 |
| Anne M. Bauer VP, Chief Accounting Officer | Mar 1, 2026 | Tax withholding | −5,526 | $6.91 | $38.18K | 53,281 |
| Dana B. Gruen General Counsel & Corp Sec | Mar 1, 2026 | Tax withholding | −10,508 | $6.91 | $72.61K | 205,847 |
| Dana B. Gruen General Counsel & Corp Sec | Mar 1, 2026 | Tax withholding | −8,694 | $6.91 | $60.08K | 197,153 |
| Julie A. Currie EVP and Chief Revenue Officer | Mar 1, 2026 | Tax withholding | −13,101 | $6.91 | $90.53K | 175,638 |
| Donald M. McKenna EVP, Chief Administrative Ofcr | Mar 1, 2026 | Tax withholding | −20,122 | $6.91 | $139.04K | 175,068 |
| J. Joel Quadracci Chairman & CEO, Director | Mar 1, 2026 | Tax withholding | −176,536 | $6.91 | $1.22M | 2,424,441 |
| Kathryn Quadracci Flores Director | Mar 1, 2026 | Tax withholding | −7,232 | $6.91 | $49.97K | 100,018 |
| Kelly A. Vanderboom EVP Head of Agency Operations | Mar 1, 2026 | Tax withholding | −25,407 | $6.91 | $175.56K | 319,556 |
| Anthony Staniak CFO & Treasurer | Mar 1, 2026 | Tax withholding | −21,463 | $6.91 | $148.31K | 387,498 |
| Douglas P. Buth Director | Feb 23, 2026 | Returned to company | −20,000 | $7.02 | $140.40K | 146,013 |
| Donald M. McKenna EVP, Chief Administrative Ofcr | Feb 20, 2026 | Returned to company | −7,927 | $7.03 | $55.73K | 195,190 |
| Kathryn Quadracci Flores Director | Feb 20, 2026 | Returned to company | −11,633 | $6.74 | $78.41K | 107,250 |
| Donald M. McKenna EVP, Chief Administrative Ofcr | Feb 1, 2026 | Award | +16,695 | – | – | 203,117 |
| Anthony Staniak CFO & Treasurer | Jan 1, 2026 | Award | +114,992 | – | – | 408,961 |
| Timothy Vincent Maleeny Client Strat Ofcr & Pres QAS | Jan 1, 2026 | Award | +51,108 | – | – | 89,284 |
| Donald M. McKenna EVP, Chief Administrative Ofcr | Jan 1, 2026 | Award | +42,590 | – | – | 186,422 |
| Steven D. Jaeger Chief Information Officer | Jan 1, 2026 | Award | +25,554 | – | – | 148,776 |
| Joshua J. Golden Chief Marketing Officer | Jan 1, 2026 | Award | +42,590 | – | – | 157,469 |
| Kelly A. Vanderboom EVP Head of Agency Operations | Jan 1, 2026 | Award | +76,661 | – | – | 344,963 |
| Anne M. Bauer VP, Chief Accounting Officer | Jan 1, 2026 | Award | +11,500 | – | – | 58,807 |
| Dana B. Gruen General Counsel & Corp Sec | Jan 1, 2026 | Award | +76,661 | – | – | 216,355 |
| Kathryn Quadracci Flores Director | Jan 1, 2026 | Award | +11,244 | – | – | 118,883 |
| J. Joel Quadracci Chairman, Pres & CEO, Director | Jan 1, 2026 | Award | +425,895 | – | – | 2,600,977 |
| Robert H. Quadracci Chief Human Resources Officer | Jan 1, 2026 | Award | +46,849 | – | – | 173,146 |
| Julie A. Currie EVP and Chief Revenue Officer | Jan 1, 2026 | Award | +42,590 | – | – | 188,739 |
| David J. Honan Chief Operating Officer | Jan 1, 2026 | Award | +149,064 | – | – | 771,058 |
| Joshua J. Golden Chief Marketing Officer | Nov 20, 2025 | Returned to company | −18,390 | $5.32 | $97.83K | 114,879 |
| Kathryn Quadracci Flores Director | May 28, 2025 | Returned to company | −38,496 | $5.83 | $224.43K | 105,133 |
| Beth-Ann Eason Director | May 21, 2025 | Award | +22,004 | – | – | 95,310 |
| Stephen M. Fuller Director | May 21, 2025 | Award | +22,004 | – | – | 196,373 |
| Kathryn Quadracci Flores Director | May 21, 2025 | Award | +22,004 | – | – | 143,629 |
| Jay O. Rothman Director | May 21, 2025 | Award | +22,004 | – | – | 189,722 |
| Melanie Arlene Huet Director | May 21, 2025 | Award | +22,004 | – | – | 64,563 |
| Douglas P. Buth Director | May 21, 2025 | Award | +22,004 | – | – | 164,201 |
| John C. Fowler Director | May 21, 2025 | Award | +22,004 | – | – | 239,090 |
| Christopher B. Harned Director | May 21, 2025 | Award | +22,004 | – | – | 278,784 |
| Kathryn Quadracci Flores Director | May 16, 2025 | Returned to company | −10,484 | $5.83 | $61.12K | 121,625 |
| Steven D. Jaeger Chief Information Officer | Mar 6, 2025 | Returned to company | −8,357 | $5.77 | $48.22K | 123,222 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
6.92%
2M shares short
Days to cover
5.8
At 0M shares a day
Change since last report
+14.2%
From 2M shares
Short volume, 20 days
56.2%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Quad/Graphics's stock actually held short. Settlement fails (shares not delivered on time) peaked at 6,014 shares on Sep 14, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Donald M. McKenna Officer | Jul 31, 2026 | 12,289 | $121.42K | Jul 31, 2026 | RSA vesting |
| John C. Fowler Director | Jul 31, 2026 | 26,000 | $256.88K | Jul 31, 2026 | RSU vesting |
| Melanie Arlene Huet Director | Jul 31, 2026 | 28,543 | $282.00K | Jul 31, 2026 | DSU Settlement |
| Kathryn Quadracci Flores Director | May 22, 2026 | 27,427 | $197.20K | May 22, 2026 | DSU Settlement |
| Beth-Ann Eason Director | May 1, 2026 | 30,738 | $228.69K | May 1, 2026 | DSU Settlement |
| Kathryn Quadracci Flores Director | May 1, 2026 | 7,675 | $57.10K | May 1, 2026 | DSU Settlement |
| Kathryn Quadracci Flores Director | Mar 6, 2026 | 10,655 | $73.09K | Mar 6, 2026 | RSA vesting |
| Steven D. Jaeger Officer | Mar 2, 2026 | 8,205 | $56.70K | Mar 2, 2026 | RSA vesting |
| Douglas P. Buth Director | Feb 23, 2026 | 20,000 | $140.60K | Feb 23, 2026 | DSU Settlement |
| Donald M. McKenna Officer | Feb 20, 2026 | 7,927 | $53.67K | Feb 20, 2026 | RSA vesting |
| Kathryn Quadracci Flores Director | Feb 19, 2026 | 11,633 | $78.99K | Feb 20, 2026 | DSU settlement |
| Joshua J. Golden Officer | Nov 20, 2025 | 18,390 | $95.26K | Nov 20, 2025 | Equity compensation |
| Kathryn Quadracci Flores Director | May 22, 2025 | 38,496 | $215.58K | May 22, 2025 | DSU Settlement |
| John S. Shiely Director | May 21, 2025 | 231,074 | $1.37M | May 21, 2025 | DSU Settlement |
| Steven D. Jaeger Officer | Mar 6, 2025 | 8,357 | $50.06K | Mar 6, 2025 | RSA vesting |
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