Holders over time
- ADM
- PM
| Quarter | ADM | PM |
|---|---|---|
| Q3 2020 | 13 holders, $3.0bn | 25 holders, $19.7bn |
| Q4 2020 | 13 holders, $3.4bn | 25 holders, $21.5bn |
| Q1 2021 | 16 holders, $4.1bn | 27 holders, $22.1bn |
| Q2 2021 | 17 holders, $4.2bn | 20 holders, $23.2bn |
| Q3 2021 | 12 holders, $4.6bn | 25 holders, $22.8bn |
| Q4 2021 | 16 holders, $5.0bn | 26 holders, $22.3bn |
| Q1 2022 | 15 holders, $6.4bn | 29 holders, $23.2bn |
| Q2 2022 | 21 holders, $5.3bn | 28 holders, $25.8bn |
| Q3 2022 | 17 holders, $5.8bn | 33 holders, $22.2bn |
| Q4 2022 | 18 holders, $6.5bn | 26 holders, $27.0bn |
| Q1 2023 | 20 holders, $4.0bn | 36 holders, $27.6bn |
| Q2 2023 | 16 holders, $3.6bn | 29 holders, $28.9bn |
| Q3 2023 | 21 holders, $3.5bn | 32 holders, $28.5bn |
| Q4 2023 | 15 holders, $3.6bn | 34 holders, $28.8bn |
| Q1 2024 | 16 holders, $2.0bn | 36 holders, $28.4bn |
| Q2 2024 | 13 holders, $1.9bn | 31 holders, $31.4bn |
| Q3 2024 | 10 holders, $1.9bn | 39 holders, $38.2bn |
| Q4 2024 | 11 holders, $1.8bn | 40 holders, $36.6bn |
| Q1 2025 | 8 holders, $1.8bn | 44 holders, $49.1bn |
| Q2 2025 | 12 holders, $2.5bn | 44 holders, $54.3bn |
| Q3 2025 | 8 holders, $3.1bn | 36 holders, $49.3bn |
| Q4 2025 | 6 holders, $3.0bn | 26 holders, $50.5bn |
| Q1 2026 | 10 holders, $3.1bn | 25 holders, $57.3bn |
| Q2 2026 | 9 holders, $3.2bn | 27 holders, $63.8bn |
Archer Daniels Midland Co
- Holders
- 13
- Reported value
- $1.9bn
- Buyers
- 7
- Sellers
- 8
Breadth -1 among 94 comparable managers.
Philip Morris Intl Inc
- Holders
- 31
- Reported value
- $31.4bn
- Buyers
- 16
- Sellers
- 14
Breadth +2 among 94 comparable managers.
Who holds both, Q2 2024
Both (8)
AQR Capital Management LLC, Invesco Ltd, Markel Group Inc, Millennium Management LLC, Tudor Investment Corp, Two Sigma Advisers LP, Voloridge Investment Management LLC, Wellington Management Group LLP
Only ADM (5)
Brevan Howard Capital Management LP, D. E. Shaw & Co., GAMCO Investors Inc, Man Group PLC, Quantbot Technologies LP
Only PM (23)
Acadian Asset Management LLC, AllianceBernstein LP, Arrowstreet Capital LP, Artisan Partners LP, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, D1 Capital Partners LP, Discovery Capital Management LLC, Dodge & Cox, Fidelity (FMR LLC), First Eagle Investment Management LLC, Harris Associates LP, Jane Street Group LLC, Lone Pine Capital LLC, Maverick Capital Ltd, MFS Investment Management, Neuberger Berman Group LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Investments LP, Verition Fund Management LLC, Viking Global Investors LP
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.