Quad/Graphics Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top 25 shareholders own 73.54% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
23.6%	Quad/graphics, Inc. Voting Trust	12,286,914	US$86.1m	0%	no data
5.58%	Quad/graphics Esop	2,907,421	US$20.4m	0%	100.0%
4.94%	Principal Advised Services, LLC	2,575,099	US$18.1m	0%	no data
4.81%	J. Quadracci	2,506,955	US$17.6m	0%	no data
4.2%	BlackRock, Inc.	2,187,682	US$15.3m	5.58%	no data
4.1%	Dimensional Fund Advisors LP	2,136,907	US$15.0m	-3.58%	no data
3.61%	Miller Value Partners, LLC	1,883,815	US$13.2m	30.2%	0.72%
3.5%	The Vanguard Group, Inc.	1,825,179	US$12.8m	1.93%	no data
2.34%	LSV Asset Management	1,220,044	US$8.6m	4.7%	0.02%
2.09%	Hotchkis and Wiley Capital Management, LLC	1,091,250	US$7.6m	-33.5%	0.02%
1.96%	Bridgeway Capital Management, LLC	1,021,341	US$7.2m	2.86%	0.11%
1.5%	Renaissance Technologies LLC	781,500	US$5.5m	0.54%	0.01%
1.44%	Great Valley Advisor Group, Inc.	751,873	US$5.3m	-7.52%	0.12%
1.38%	Christopher Harned	721,533	US$5.1m	0%	no data
1.28%	Geode Capital Management, LLC	669,036	US$4.7m	2.33%	no data
1.24%	David Honan	644,831	US$4.5m	0%	no data
1.06%	Goldman Sachs Group, Investment Banking and Securities Investments	550,278	US$3.9m	708%	no data
1.03%	State Street Global Advisors, Inc.	539,071	US$3.8m	1.97%	no data
0.92%	American Beacon Advisors, Inc.	481,638	US$3.4m	0%	0.07%
0.63%	Stornoway Portfolio Management, Inc.	329,323	US$2.3m	0%	29.97%
0.51%	Kelly Vanderboom	265,274	US$1.9m	0%	no data
0.49%	Anthony Staniak	253,250	US$1.8m	0%	no data
0.48%	Northern Trust Global Investments	249,133	US$1.7m	0.2%	no data
0.45%	Exchange Traded Concepts, LLC	232,999	US$1.6m	3.52%	0.03%
0.41%	Eric Ashworth	216,249	US$1.5m	-2.67%	no data