Holders over time
- TRU
- MCO
| Quarter | TRU | MCO |
|---|---|---|
| Q3 2020 | 21 holders, $5.0bn | 30 holders, $17.0bn |
| Q4 2020 | 18 holders, $5.1bn | 21 holders, $16.9bn |
| Q1 2021 | 17 holders, $4.9bn | 17 holders, $16.9bn |
| Q2 2021 | 18 holders, $5.9bn | 16 holders, $20.2bn |
| Q3 2021 | 21 holders, $6.1bn | 25 holders, $19.9bn |
| Q4 2021 | 18 holders, $6.8bn | 25 holders, $22.0bn |
| Q1 2022 | 17 holders, $6.0bn | 22 holders, $19.1bn |
| Q2 2022 | 13 holders, $4.9bn | 19 holders, $15.4bn |
| Q3 2022 | 16 holders, $2.3bn | 21 holders, $13.6bn |
| Q4 2022 | 16 holders, $2.6bn | 17 holders, $15.5bn |
| Q1 2023 | 14 holders, $2.3bn | 20 holders, $17.3bn |
| Q2 2023 | 15 holders, $3.5bn | 25 holders, $19.4bn |
| Q3 2023 | 14 holders, $3.1bn | 21 holders, $17.2bn |
| Q4 2023 | 13 holders, $2.4bn | 21 holders, $22.3bn |
| Q1 2024 | 15 holders, $3.5bn | 22 holders, $21.9bn |
| Q2 2024 | 17 holders, $3.3bn | 24 holders, $23.6bn |
| Q3 2024 | 21 holders, $5.5bn | 31 holders, $26.8bn |
| Q4 2024 | 24 holders, $4.8bn | 31 holders, $25.7bn |
| Q1 2025 | 20 holders, $4.3bn | 30 holders, $25.2bn |
| Q2 2025 | 17 holders, $4.5bn | 30 holders, $26.8bn |
| Q3 2025 | 13 holders, $3.7bn | 31 holders, $26.0bn |
| Q4 2025 | 13 holders, $3.8bn | 32 holders, $27.7bn |
| Q1 2026 | 13 holders, $4.9bn | 28 holders, $23.9bn |
| Q2 2026 | 13 holders, $5.4bn | 31 holders, $24.9bn |
Transunion
- Holders
- 13
- Reported value
- $2.4bn
- Buyers
- 6
- Sellers
- 7
Breadth -1 among 93 comparable managers.
Moodys Corp
- Holders
- 21
- Reported value
- $22.3bn
- Buyers
- 12
- Sellers
- 7
Breadth +5 among 93 comparable managers.
Who holds both, Q4 2023
Both (5)
Markel Group Inc, MFS Investment Management, Neuberger Berman Group LLC, T. Rowe Price Associates Inc, Tudor Investment Corp
Only TRU (8)
Bridgewater Associates LP, Eisler Capital Management Ltd, Farallon Capital Management LLC, Holocene Advisors LP, Janus Henderson Group Ltd, Marshall Wace LLP, Moore Capital Management LP, Wellington Management Group LLP
Only MCO (16)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, Baillie Gifford & Co, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Capital World Investors, Dodge & Cox, Fidelity (FMR LLC), Harris Associates LP, Invesco Ltd, Maverick Capital Ltd, TCI Fund Management Ltd, Two Sigma Advisers LP, Two Sigma Investments LP, Voloridge Investment 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.