Holders over time
- HRL
- PM
| Quarter | HRL | PM |
|---|---|---|
| Q3 2020 | 17 holders, $828m | 25 holders, $19.7bn |
| Q4 2020 | 14 holders, $803m | 25 holders, $21.5bn |
| Q1 2021 | 11 holders, $504m | 27 holders, $22.1bn |
| Q2 2021 | 12 holders, $470m | 20 holders, $23.2bn |
| Q3 2021 | 13 holders, $349m | 25 holders, $22.8bn |
| Q4 2021 | 11 holders, $655m | 26 holders, $22.3bn |
| Q1 2022 | 11 holders, $562m | 29 holders, $23.2bn |
| Q2 2022 | 10 holders, $587m | 28 holders, $25.8bn |
| Q3 2022 | 11 holders, $556m | 33 holders, $22.2bn |
| Q4 2022 | 12 holders, $559m | 26 holders, $27.0bn |
| Q1 2023 | 12 holders, $488m | 36 holders, $27.6bn |
| Q2 2023 | 11 holders, $494m | 29 holders, $28.9bn |
| Q3 2023 | 11 holders, $470m | 32 holders, $28.5bn |
| Q4 2023 | 12 holders, $373m | 34 holders, $28.8bn |
| Q1 2024 | 13 holders, $493m | 36 holders, $28.4bn |
| Q2 2024 | 13 holders, $563m | 31 holders, $31.4bn |
| Q3 2024 | 10 holders, $381m | 39 holders, $38.2bn |
| Q4 2024 | 9 holders, $474m | 40 holders, $36.6bn |
| Q1 2025 | 11 holders, $524m | 44 holders, $49.1bn |
| Q2 2025 | 10 holders, $681m | 44 holders, $54.3bn |
| Q3 2025 | 5 holders, $262m | 36 holders, $49.3bn |
| Q4 2025 | 9 holders, $471m | 26 holders, $50.5bn |
| Q1 2026 | 6 holders, $708m | 25 holders, $57.3bn |
| Q2 2026 | 6 holders, $719m | 27 holders, $63.8bn |
Hormel Foods Corp
- Holders
- 12
- Reported value
- $373m
- Buyers
- 10
- Sellers
- 4
Breadth +6 among 93 comparable managers.
Philip Morris Intl Inc
- Holders
- 34
- Reported value
- $28.8bn
- Buyers
- 16
- Sellers
- 17
Breadth -1 among 93 comparable managers.
Who holds both, Q4 2023
Both (7)
AQR Capital Management LLC, Bridgewater Associates LP, Eisler Capital Management Ltd, Quantbot Technologies LP, Two Sigma Advisers LP, Two Sigma Investments LP, Voloridge Investment Management LLC
Only HRL (5)
Arrowstreet Capital LP, ExodusPoint Capital Management LP, Man Group PLC, Marshall Wace LLP, Renaissance Technologies LLC
Only PM (27)
Acadian Asset Management LLC, AllianceBernstein LP, Artisan Partners LP, Capital Research Global Investors, Capital World Investors, Citadel Advisors LLC, D1 Capital Partners LP, Dodge & Cox, Fidelity (FMR LLC), First Eagle Investment Management LLC, Harris Associates LP, Holocene Advisors LP, Hudson Bay Capital Management LP, Invesco Ltd, Lone Pine Capital LLC, Markel Group Inc, Maverick Capital Ltd, MFS Investment Management, Millennium Management LLC, Neuberger Berman Group LLC, Point72 Asset Management LP, Schonfeld Strategic Advisors LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Tudor Investment Corp, and 2 more
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.