Holders over time
- CRM
- MSFT
| Quarter | CRM | MSFT |
|---|---|---|
| Q3 2020 | 38 holders, $48.3bn | 63 holders, $218bn |
| Q4 2020 | 35 holders, $41.8bn | 66 holders, $228bn |
| Q1 2021 | 37 holders, $36.8bn | 65 holders, $241bn |
| Q2 2021 | 41 holders, $43.4bn | 62 holders, $273bn |
| Q3 2021 | 42 holders, $47.4bn | 64 holders, $283bn |
| Q4 2021 | 38 holders, $41.9bn | 65 holders, $336bn |
| Q1 2022 | 35 holders, $32.7bn | 63 holders, $297bn |
| Q2 2022 | 38 holders, $25.7bn | 67 holders, $245bn |
| Q3 2022 | 42 holders, $20.6bn | 68 holders, $216bn |
| Q4 2022 | 46 holders, $22.9bn | 62 holders, $217bn |
| Q1 2023 | 47 holders, $30.1bn | 65 holders, $254bn |
| Q2 2023 | 44 holders, $30.0bn | 69 holders, $304bn |
| Q3 2023 | 48 holders, $28.7bn | 71 holders, $281bn |
| Q4 2023 | 51 holders, $36.8bn | 66 holders, $333bn |
| Q1 2024 | 52 holders, $41.9bn | 68 holders, $361bn |
| Q2 2024 | 41 holders, $33.9bn | 67 holders, $374bn |
| Q3 2024 | 38 holders, $32.5bn | 69 holders, $356bn |
| Q4 2024 | 53 holders, $40.1bn | 70 holders, $338bn |
| Q1 2025 | 52 holders, $28.7bn | 67 holders, $294bn |
| Q2 2025 | 47 holders, $26.1bn | 65 holders, $401bn |
| Q3 2025 | 48 holders, $23.6bn | 70 holders, $427bn |
| Q4 2025 | 40 holders, $26.0bn | 68 holders, $411bn |
| Q1 2026 | 34 holders, $20.5bn | 64 holders, $312bn |
| Q2 2026 | 31 holders, $16.2bn | 60 holders, $291bn |
Salesforce Inc
- Holders
- 52
- Reported value
- $41.9bn
- Buyers
- 25
- Sellers
- 26
Breadth -1 among 93 comparable managers.
Microsoft Corp
- Holders
- 68
- Reported value
- $361bn
- Buyers
- 21
- Sellers
- 44
Breadth -23 among 93 comparable managers.
Who holds both, Q1 2024
Both (45)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Balyasny Asset Management LLC, Brevan Howard Capital Management LP, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, Citadel Advisors LLC, Coatue Management LLC, D. E. Shaw & Co., Davidson Kempner Capital Management LP, Element Capital Management LLC, ExodusPoint Capital Management LP, Farallon Capital Management LLC, Fidelity (FMR LLC), First Eagle Investment Management LLC, Harris Associates LP, Holocene Advisors LP, Hudson Bay Capital Management LP, Invesco Ltd, Jane Street Group LLC, Janus Henderson Group Ltd, Light Street Capital Management LLC, Lone Pine Capital LLC, Man Group PLC, Marshall Wace LLP, Maverick Capital Ltd, MFS Investment Management, Millennium Management LLC, Moore Capital Management LP, Neuberger Berman Group LLC, Polen Capital Management LLC, Rokos Capital Management LLP, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, and 5 more
Only CRM (7)
Eisler Capital Management Ltd, Renaissance Technologies LLC, Sachem Head Capital Management LP, Starboard Value LP, Tudor Investment Corp, ValueAct Holdings LP, Winton Group Ltd
Only MSFT (23)
Altimeter Capital Management LP, Appaloosa LP, ARK Investment Management LLC, Baillie Gifford & Co, D1 Capital Partners LP, Dodge & Cox, Egerton Capital UK LLP, GAMCO Investors Inc, Markel Group Inc, Point72 Asset Management LP, Quantbot Technologies LP, Ruane Cunniff & Goldfarb LP, Soroban Capital Partners LP, Squarepoint Ops LLC, Steadfast Capital Management LP, Susquehanna International Group LLP, TCI Fund Management Ltd, Third Point LLC, Tiger Global Management LLC, Two Sigma Investments LP, Tybourne Capital Management HK Ltd, Viking Global Investors 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.