Holders over time
- WTW
- AXP
| Quarter | WTW | AXP |
|---|---|---|
| Q3 2020 | 26 holders, $5.6bn | 24 holders, $25.7bn |
| Q4 2020 | 28 holders, $4.7bn | 21 holders, $30.8bn |
| Q1 2021 | 26 holders, $5.6bn | 24 holders, $36.9bn |
| Q2 2021 | 24 holders, $5.1bn | 21 holders, $42.9bn |
| Q3 2021 | 24 holders, $4.8bn | 26 holders, $42.0bn |
| Q4 2021 | 25 holders, $5.5bn | 27 holders, $39.7bn |
| Q1 2022 | 22 holders, $6.5bn | 20 holders, $45.0bn |
| Q2 2022 | 21 holders, $6.0bn | 36 holders, $33.2bn |
| Q3 2022 | 19 holders, $6.3bn | 35 holders, $32.3bn |
| Q4 2022 | 18 holders, $7.6bn | 35 holders, $34.4bn |
| Q1 2023 | 22 holders, $7.4bn | 32 holders, $38.7bn |
| Q2 2023 | 15 holders, $7.4bn | 30 holders, $40.1bn |
| Q3 2023 | 18 holders, $6.8bn | 34 holders, $34.1bn |
| Q4 2023 | 22 holders, $7.8bn | 28 holders, $42.5bn |
| Q1 2024 | 22 holders, $8.6bn | 33 holders, $52.6bn |
| Q2 2024 | 22 holders, $8.1bn | 31 holders, $52.6bn |
| Q3 2024 | 24 holders, $8.7bn | 30 holders, $60.7bn |
| Q4 2024 | 20 holders, $9.2bn | 26 holders, $65.8bn |
| Q1 2025 | 20 holders, $10.0bn | 33 holders, $59.9bn |
| Q2 2025 | 22 holders, $9.6bn | 29 holders, $69.4bn |
| Q3 2025 | 16 holders, $11.4bn | 30 holders, $70.8bn |
| Q4 2025 | 15 holders, $11.5bn | 31 holders, $77.2bn |
| Q1 2026 | 21 holders, $11.7bn | 33 holders, $61.2bn |
| Q2 2026 | 13 holders, $10.3bn | 30 holders, $65.4bn |
Willis Towers Watson Pub LTD
- Holders
- 22
- Reported value
- $7.8bn
- Buyers
- 12
- Sellers
- 8
Breadth +4 among 93 comparable managers.
American Express Co
- Holders
- 28
- Reported value
- $42.5bn
- Buyers
- 11
- Sellers
- 16
Breadth -5 among 93 comparable managers.
Who holds both, Q4 2023
Both (13)
AllianceBernstein LP, Artisan Partners LP, Balyasny Asset Management LLC, Brevan Howard Capital Management LP, Fidelity (FMR LLC), First Eagle Investment Management LLC, Harris Associates LP, Invesco Ltd, Man Group PLC, Markel Group Inc, MFS Investment Management, Schonfeld Strategic Advisors LLC, Walleye Capital LLC
Only WTW (9)
Acadian Asset Management LLC, Baupost Group LLC, Bridgewater Associates LP, Capital Research Global Investors, Hudson Bay Capital Management LP, Millennium Management LLC, Point72 Asset Management LP, Renaissance Technologies LLC, Tudor Investment Corp
Only AXP (15)
AQR Capital Management LLC, Arrowstreet Capital LP, Berkshire Hathaway Inc, Caxton Associates LLP, D. E. Shaw & Co., Dodge & Cox, Eisler Capital Management Ltd, GAMCO Investors Inc, Holocene Advisors LP, Janus Henderson Group Ltd, Neuberger Berman Group LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Investments LP, Wellington Management Group LLP
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.