Holders over time
- EL
- COST
| Quarter | EL | COST |
|---|---|---|
| Q3 2020 | 19 holders, $7.2bn | 32 holders, $15.4bn |
| Q4 2020 | 25 holders, $8.4bn | 30 holders, $15.3bn |
| Q1 2021 | 31 holders, $8.8bn | 29 holders, $13.4bn |
| Q2 2021 | 26 holders, $9.3bn | 25 holders, $15.5bn |
| Q3 2021 | 30 holders, $8.7bn | 25 holders, $16.9bn |
| Q4 2021 | 20 holders, $9.8bn | 27 holders, $20.5bn |
| Q1 2022 | 24 holders, $6.8bn | 32 holders, $19.9bn |
| Q2 2022 | 20 holders, $6.1bn | 30 holders, $15.8bn |
| Q3 2022 | 23 holders, $4.8bn | 33 holders, $16.0bn |
| Q4 2022 | 23 holders, $5.2bn | 33 holders, $32.7bn |
| Q1 2023 | 25 holders, $5.4bn | 29 holders, $14.9bn |
| Q2 2023 | 17 holders, $4.0bn | 37 holders, $16.0bn |
| Q3 2023 | 23 holders, $3.8bn | 30 holders, $16.8bn |
| Q4 2023 | 17 holders, $3.7bn | 26 holders, $20.1bn |
| Q1 2024 | 18 holders, $3.7bn | 29 holders, $21.5bn |
| Q2 2024 | 22 holders, $3.4bn | 31 holders, $24.7bn |
| Q3 2024 | 22 holders, $3.3bn | 28 holders, $24.7bn |
| Q4 2024 | 19 holders, $3.2bn | 34 holders, $26.0bn |
| Q1 2025 | 17 holders, $2.4bn | 35 holders, $28.2bn |
| Q2 2025 | 15 holders, $3.6bn | 36 holders, $29.4bn |
| Q3 2025 | 14 holders, $3.3bn | 35 holders, $26.7bn |
| Q4 2025 | 18 holders, $4.3bn | 40 holders, $34.6bn |
| Q1 2026 | 10 holders, $2.3bn | 40 holders, $36.1bn |
| Q2 2026 | 12 holders, $1.9bn | 38 holders, $35.5bn |
Lauder Estee Cos Inc
- Holders
- 17
- Reported value
- $3.7bn
- Buyers
- 11
- Sellers
- 9
Breadth +2 among 93 comparable managers.
Costco Wholesale Corporation
- Holders
- 26
- Reported value
- $20.1bn
- Buyers
- 15
- Sellers
- 12
Breadth +3 among 93 comparable managers.
Who holds both, Q4 2023
Both (8)
Bridgewater Associates LP, Fidelity (FMR LLC), Man Group PLC, MFS Investment Management, Two Sigma Advisers LP, Two Sigma Investments LP, Voloridge Investment Management LLC, Wellington Management Group LLP
Only EL (9)
Artisan Partners LP, Baillie Gifford & Co, D. E. Shaw & Co., Holocene Advisors LP, Maverick Capital Ltd, Quantbot Technologies LP, Schonfeld Strategic Advisors LLC, Tudor Investment Corp, Woodline Partners LP
Only COST (18)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, Citadel Advisors LLC, Eisler Capital Management Ltd, GAMCO Investors Inc, Invesco Ltd, Jane Street Group LLC, Janus Henderson Group Ltd, Markel Group Inc, Marshall Wace LLP, Neuberger Berman Group LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Verition Fund Management LLC
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.