Holders over time
- TRU
- MA
| Quarter | TRU | MA |
|---|---|---|
| Q3 2020 | 21 holders, $5.0bn | 45 holders, $56.1bn |
| Q4 2020 | 18 holders, $5.1bn | 52 holders, $57.9bn |
| Q1 2021 | 17 holders, $4.9bn | 50 holders, $56.4bn |
| Q2 2021 | 18 holders, $5.9bn | 50 holders, $54.9bn |
| Q3 2021 | 21 holders, $6.1bn | 50 holders, $48.9bn |
| Q4 2021 | 18 holders, $6.8bn | 42 holders, $49.3bn |
| Q1 2022 | 17 holders, $6.0bn | 38 holders, $50.1bn |
| Q2 2022 | 13 holders, $4.9bn | 48 holders, $45.4bn |
| Q3 2022 | 16 holders, $2.3bn | 53 holders, $40.8bn |
| Q4 2022 | 16 holders, $2.6bn | 37 holders, $65.6bn |
| Q1 2023 | 14 holders, $2.3bn | 45 holders, $50.3bn |
| Q2 2023 | 15 holders, $3.5bn | 47 holders, $51.2bn |
| Q3 2023 | 14 holders, $3.1bn | 52 holders, $49.7bn |
| Q4 2023 | 13 holders, $2.4bn | 46 holders, $51.7bn |
| Q1 2024 | 15 holders, $3.5bn | 48 holders, $58.0bn |
| Q2 2024 | 17 holders, $3.3bn | 49 holders, $51.2bn |
| Q3 2024 | 21 holders, $5.5bn | 43 holders, $55.8bn |
| Q4 2024 | 24 holders, $4.8bn | 43 holders, $58.3bn |
| Q1 2025 | 20 holders, $4.3bn | 49 holders, $64.7bn |
| Q2 2025 | 17 holders, $4.5bn | 50 holders, $68.3bn |
| Q3 2025 | 13 holders, $3.7bn | 44 holders, $68.1bn |
| Q4 2025 | 13 holders, $3.8bn | 43 holders, $65.6bn |
| Q1 2026 | 13 holders, $4.9bn | 46 holders, $57.4bn |
| Q2 2026 | 13 holders, $5.4bn | 43 holders, $58.1bn |
Transunion
- Holders
- 13
- Reported value
- $2.4bn
- Buyers
- 6
- Sellers
- 7
Breadth -1 among 93 comparable managers.
Mastercard Incorporated
- Holders
- 46
- Reported value
- $51.7bn
- Buyers
- 22
- Sellers
- 21
Breadth +1 among 93 comparable managers.
Who holds both, Q4 2023
Both (12)
Bridgewater Associates LP, Eisler Capital Management Ltd, Farallon Capital Management LLC, Holocene Advisors LP, Janus Henderson Group Ltd, Markel Group Inc, Marshall Wace LLP, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, T. Rowe Price Associates Inc, Wellington Management Group LLP
Only TRU (1)
Only MA (34)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., D1 Capital Partners LP, Davidson Kempner Capital Management LP, Egerton Capital UK LLP, Fidelity (FMR LLC), GAMCO Investors Inc, Harris Associates LP, Invesco Ltd, Lone Pine Capital LLC, Man Group PLC, Millennium Management LLC, Polen Capital Management LLC, Quantbot Technologies LP, and 9 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.