The Gap, Inc.
MX ˙ BMV ˙ US3647601083
SecurityMX:GAP1 / The Gap, Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership323,825 shares
Latest Disclosed Value $ 7,836,565
Cwm, Llc reports 23.57% increase in ownership of GAP1 / The Gap, Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 323,825 shares of The Gap, Inc. (MX:GAP1) valued at $7,836,565 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 262,065 shares of The Gap, Inc.. This represents a change in shares of 23.57% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F GAP COM 364760108 323,825 61,760 23.57 7,837 130,500.00 0.0206
2026-01-26 2025-12-31 13F GAP COM 364760108 262,065 12,324 4.93 7 20.00 0.0182
2025-10-15 2025-09-30 13F GAP COM 364760108 249,741 120,572 93.34 5 150.00 0.0161
2025-07-25 2025-06-30 13F GAP COM 364760108 129,169 51,485 66.27 3 100.00 0.0099
2025-05-01 2025-03-31 13F GAP COM 364760108 77,684 40,293 107.76 2 0.0064
2025-02-04 2024-12-31 13F GAP COM 364760108 37,391 24,341 186.52 1 0.0037
2024-10-08 2024-09-30 13F GAP COM 364760108 13,050 2,082 18.98 0 0.0012
2024-07-10 2024-06-30 13F GAP COM 364760108 10,968 4,465 68.66 0 0.0012
2024-04-05 2024-03-31 13F GAP COM 364760108 6,503 1,717 35.88 0 0.0009
2024-02-01 2023-12-31 13F GAP COM 364760108 4,786 -91 -1.87 0 0.0005
2023-10-11 2023-09-30 13F GAP COM 364760108 4,877 3,248 199.39 0 0.0003
2023-08-03 2023-06-30 13F GAP COM 364760108 1,629 -931 -36.37 0 0.0001
2023-05-01 2023-03-31 13F GAP COM 364760108 2,560 1,294 102.21 0 0.0002
2023-02-01 2022-12-31 13F GAP COM 364760108 1,266 74 6.21 0 -100.00 0.0001
2022-10-27 2022-09-30 13F GAP COM 364760108 1,192 -433 -26.65 10 -23.08 0.0001
2022-07-28 2022-06-30 13F GAP COM 364760108 1,625 181 12.53 13 -35.00 0.0001
2022-04-21 2022-03-31 13F GAP COM 364760108 1,444 703 94.87 20 53.85 0.0001
2022-01-31 2021-12-31 13F GAP COM 364760108 741 645 671.88 13 333.33 0.0001
2021-09-15 2021-06-30 13F/A-1 GAP COM 364760108 96 0 0.00 3 0.00 0.0000
2021-07-29 2021-06-30 13F GAP COM 364760108 96 0 3 0.0000
2021-09-15 2021-03-31 13F/A-1 GAP COM 364760108 96 0 0.00 3 0.00 0.0000
2021-04-27 2021-03-31 13F GAP COM 364760108 145 49 4 0.0000
2021-09-15 2020-12-31 13F/A-1 GAP COM 364760108 96 0 0.00 3 0.00 0.0000
2021-01-27 2020-12-31 13F GAP COM 364760108 8,628 8,532 174 0.0016
2021-09-15 2020-09-30 13F/A-1 GAP COM 364760108 96 0 0.00 3 0.00 0.0000
2020-10-19 2020-09-30 13F GAP COM 364760108 839 743 14 0.0002
2021-09-15 2020-06-30 13F/A-1 GAP COM 364760108 96 0 0.00 3 0.00 0.0000
2020-07-22 2020-06-30 13F GAP COM 364760108 257 161 3 0.0000
2021-09-15 2020-03-31 13F/A-1 GAP COM 364760108 96 0 0.00 3 0.00 0.0000
2020-04-28 2020-03-31 13F GAP COM 364760108 340 244 2 0.0000
2021-09-14 2019-12-31 13F/A-1 GAP COM 364760108 96 0 0.00 3 0.00 0.0000
2020-01-27 2019-12-31 13F GAP COM 364760108 31 -65 1 0.0000
2021-09-14 2019-09-30 13F/A-1 GAP COM 364760108 96 0 0.00 3 0.00 0.0000
2019-10-22 2019-09-30 13F GAP COM 364760108 10 -86 0
2021-09-14 2019-06-30 13F/A-1 GAP COM 364760108 96 0 0.00 3 0.00 0.0000
2019-07-31 2019-06-30 13F GAP COM 364760108 10 -86 0
2021-09-02 2019-03-31 13F/A-1 GAP COM 364760108 96 0 0.00 3 50.00 0.0000
2019-04-22 2019-03-31 13F GAP COM 364760108 10 -86 0
2019-01-25 2018-12-31 13F GAP INC DEL COM 364760108 96 96 2 0.0000
2018-10-29 2018-09-30 13F GAP INC DEL COM 364760108 0 -70 -100.00 0 -100.00
2018-07-31 2018-06-30 13F GAP INC DEL COM 364760108 70 70 2 0.0001
2017-04-17 2017-03-31 13F GAP INC DEL COM 364760108 0 -90 -100.00 0 -100.00
2017-01-19 2016-12-31 13F GAP INC DEL COM 364760108 90 90 2 0.0001
2014-02-14 2013-12-31 13F GAP INC DEL COM 364760108 0 -191 -100.00 0 -100.00
2013-11-14 2013-09-30 13F GAP INC DEL COM 364760108 191 191 8 0.0021
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.