13FPulse
DO

DOW DOW INC

2026Q2 · CUSIP 260557103 · Sector: Materials

Exiting + falling

Funds leaving and price falling — historically weak for the next six months

Funds that own it
1,175
Institutions that reported holding it to the SEC
Net decrease in holders
135
Last quarter 1,310 → now 1,175
How unusual is that
Bottom 20%
Stronger than only 0.5% of US stocks
What the filings say, in one paragraph

1,175 funds held DOW at the end of 2026Q2, down 135 from the quarter before. Buying is stronger than only 0.5% of US stocks, and the price fell over the same quarter — funds leaving and price weakness at the same time. On the business itself, revenue over the last 12 months was $39.3B(YoY -7.7%), return on equity is -17.5%. DOW has had 14 buying rushes in its history, and the price moved +3.2% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Materials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2014Q3: holders=1 2014Q4: holders=1 2015Q1: holders=2 2015Q2: holders=1 2015Q3: holders=1 2015Q4: holders=1 2016Q1: holders=2 2016Q2: holders=3 2016Q3: holders=3 2016Q4: holders=3 2017Q1: holders=2 2017Q2: holders=2 2019Q1: holders=58 2019Q2: holders=1259 2019Q3: holders=1208 2019Q4: holders=1298 2020Q1: holders=1080 2020Q2: holders=1099 2020Q3: holders=1146 2020Q4: holders=1282 2021Q1: holders=1357 2021Q2: holders=1403 2021Q3: holders=1381 2021Q4: holders=1477 2022Q1: holders=1547 2022Q2: holders=1533 2022Q3: holders=1429 2022Q4: holders=1518 2023Q1: holders=1543 2023Q2: holders=1511 2023Q3: holders=1503 2023Q4: holders=1596 2024Q1: holders=1609 2024Q2: holders=1548 2024Q3: holders=1494 2024Q4: holders=1423 2025Q1: holders=1342 2025Q2: holders=1214 2025Q3: holders=1104 2025Q4: holders=1124 2026Q1: holders=1310 2026Q2: holders=1175 -1201 -600.5 +0 +600.5 +1201 08451690 14Q315Q417Q119Q421Q122Q223Q324Q426Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 14 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 1% in the market
2023Q4 Top 5% +8.0% -0.9%
2023Q1 Top 10% +6.1% +2.8%
2022Q4 Top 5% -10.5% -5.5%
2022Q1 Top 1% in the market -17.9% -25.0%
2021Q4 Top 5% +12.3% -7.7%
2021Q2 Top 5% -3.9% +2.7%
2021Q1 Top 5% -8.8% -12.3%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
315
Change in large funds
+28
Total value they hold
$15.6B
Funds buying for the first time
142
Funds that sold out entirely
277
Price change that quarter
-20.2%
Funds holding puts (bearish)
35
Funds holding calls (bullish)
28

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-4.00
EPS YoY
-1100.0%
Revenue (TTM)
$39.3B
Revenue YoY
-7.7%
Net margin
-6.8%
ROE
-17.5%
Debt ratio
74.5%
FCF (TTM)
-$232M
Dividend (TTM)
$1.75
Quarterly Revenue & EPS
2022-06-30: EPS 2.26 2022-09-30: EPS 1.02 2022-12-31: EPS 0.89 2023-03-31: EPS -0.13 2023-06-30: EPS 0.68 2023-09-30: EPS 0.42 2023-12-31: EPS -0.15 2024-03-31: EPS 0.73 2024-06-30: EPS 0.62 2024-09-30: EPS 0.30 2024-12-31: EPS -0.08 2025-03-31: EPS -0.44 2025-06-30: EPS -1.18 2025-09-30: EPS 0.08 2025-12-31: EPS -2.16 2026-03-31: EPS -0.74 0B 7.8B 15.7B $B -2.38 0.05 2.49 20172020202120222023202420252026 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 26 10 42 74 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-1.1B174M1.5B 2020202120222023202420252026
Latest quarter $621M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-03-31 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.