Holders over time
- ECL
- COST
| Quarter | ECL | COST |
|---|---|---|
| Q3 2020 | 21 holders, $2.4bn | 32 holders, $15.4bn |
| Q4 2020 | 13 holders, $2.4bn | 30 holders, $15.3bn |
| Q1 2021 | 15 holders, $2.4bn | 29 holders, $13.4bn |
| Q2 2021 | 21 holders, $2.8bn | 25 holders, $15.5bn |
| Q3 2021 | 14 holders, $2.7bn | 25 holders, $16.9bn |
| Q4 2021 | 15 holders, $3.5bn | 27 holders, $20.5bn |
| Q1 2022 | 18 holders, $3.3bn | 32 holders, $19.9bn |
| Q2 2022 | 17 holders, $2.9bn | 30 holders, $15.8bn |
| Q3 2022 | 16 holders, $2.6bn | 33 holders, $16.0bn |
| Q4 2022 | 18 holders, $3.0bn | 33 holders, $32.7bn |
| Q1 2023 | 18 holders, $3.5bn | 29 holders, $14.9bn |
| Q2 2023 | 18 holders, $3.5bn | 37 holders, $16.0bn |
| Q3 2023 | 17 holders, $2.9bn | 30 holders, $16.8bn |
| Q4 2023 | 17 holders, $2.9bn | 26 holders, $20.1bn |
| Q1 2024 | 22 holders, $4.2bn | 29 holders, $21.5bn |
| Q2 2024 | 20 holders, $4.7bn | 31 holders, $24.7bn |
| Q3 2024 | 24 holders, $4.9bn | 28 holders, $24.7bn |
| Q4 2024 | 23 holders, $4.4bn | 34 holders, $26.0bn |
| Q1 2025 | 29 holders, $4.9bn | 35 holders, $28.2bn |
| Q2 2025 | 25 holders, $5.1bn | 36 holders, $29.4bn |
| Q3 2025 | 25 holders, $5.0bn | 35 holders, $26.7bn |
| Q4 2025 | 23 holders, $4.6bn | 40 holders, $34.6bn |
| Q1 2026 | 24 holders, $4.5bn | 40 holders, $36.1bn |
| Q2 2026 | 23 holders, $4.1bn | 38 holders, $35.5bn |
Ecolab Inc
- Holders
- 20
- Reported value
- $4.7bn
- Buyers
- 7
- Sellers
- 12
Breadth -5 among 94 comparable managers.
Costco Wholesale Corporation
- Holders
- 31
- Reported value
- $24.7bn
- Buyers
- 15
- Sellers
- 16
Breadth -1 among 94 comparable managers.
Who holds both, Q2 2024
Both (15)
Acadian Asset Management LLC, AllianceBernstein LP, D. E. Shaw & Co., Fidelity (FMR LLC), GAMCO Investors Inc, Invesco Ltd, Man Group PLC, Markel Group Inc, Marshall Wace LLP, Millennium Management LLC, Neuberger Berman Group LLC, Two Sigma Advisers LP, Two Sigma Investments LP, Walleye Capital LLC, Wellington Management Group LLP
Only ECL (5)
Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Citadel Advisors LLC, Renaissance Technologies LLC
Only COST (16)
AQR Capital Management LLC, Balyasny Asset Management LLC, Brevan Howard Capital Management LP, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, Hudson Bay Capital Management LP, Jane Street Group LLC, Janus Henderson Group Ltd, MFS Investment Management, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Verition Fund Management LLC, Voloridge Investment Management LLC, Winton Group Ltd
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.