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
- 13
- Reported value
- $493m
- Buyers
- 6
- Sellers
- 8
Breadth -2 among 93 comparable managers.
Philip Morris Intl Inc
- Holders
- 36
- Reported value
- $28.4bn
- Buyers
- 21
- Sellers
- 13
Breadth +8 among 93 comparable managers.
Who holds both, Q1 2024
Both (8)
AQR Capital Management LLC, Bridgewater Associates LP, D. E. Shaw & Co., ExodusPoint Capital Management LP, Squarepoint Ops LLC, Two Sigma Advisers LP, Two Sigma Investments LP, Voloridge Investment Management LLC
Only HRL (5)
Balyasny Asset Management LLC, Man Group PLC, Marshall Wace LLP, Millennium Management LLC, Renaissance Technologies LLC
Only PM (28)
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, Eisler Capital Management Ltd, Fidelity (FMR LLC), First Eagle Investment Management LLC, Harris Associates LP, Holocene Advisors LP, Invesco Ltd, Lone Pine Capital LLC, Markel Group Inc, Maverick Capital Ltd, MFS Investment Management, Neuberger Berman Group LLC, Point72 Asset Management LP, Quantbot Technologies LP, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, Tudor Investment Corp, Verition Fund Management LLC, and 3 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.