Holders over time
- ECL
- PM
| Quarter | ECL | PM |
|---|---|---|
| Q3 2020 | 21 holders, $2.4bn | 25 holders, $19.7bn |
| Q4 2020 | 13 holders, $2.4bn | 25 holders, $21.5bn |
| Q1 2021 | 15 holders, $2.4bn | 27 holders, $22.1bn |
| Q2 2021 | 21 holders, $2.8bn | 20 holders, $23.2bn |
| Q3 2021 | 14 holders, $2.7bn | 25 holders, $22.8bn |
| Q4 2021 | 15 holders, $3.5bn | 26 holders, $22.3bn |
| Q1 2022 | 18 holders, $3.3bn | 29 holders, $23.2bn |
| Q2 2022 | 17 holders, $2.9bn | 28 holders, $25.8bn |
| Q3 2022 | 16 holders, $2.6bn | 33 holders, $22.2bn |
| Q4 2022 | 18 holders, $3.0bn | 26 holders, $27.0bn |
| Q1 2023 | 18 holders, $3.5bn | 36 holders, $27.6bn |
| Q2 2023 | 18 holders, $3.5bn | 29 holders, $28.9bn |
| Q3 2023 | 17 holders, $2.9bn | 32 holders, $28.5bn |
| Q4 2023 | 17 holders, $2.9bn | 34 holders, $28.8bn |
| Q1 2024 | 22 holders, $4.2bn | 36 holders, $28.4bn |
| Q2 2024 | 20 holders, $4.7bn | 31 holders, $31.4bn |
| Q3 2024 | 24 holders, $4.9bn | 39 holders, $38.2bn |
| Q4 2024 | 23 holders, $4.4bn | 40 holders, $36.6bn |
| Q1 2025 | 29 holders, $4.9bn | 44 holders, $49.1bn |
| Q2 2025 | 25 holders, $5.1bn | 44 holders, $54.3bn |
| Q3 2025 | 25 holders, $5.0bn | 36 holders, $49.3bn |
| Q4 2025 | 23 holders, $4.6bn | 26 holders, $50.5bn |
| Q1 2026 | 24 holders, $4.5bn | 25 holders, $57.3bn |
| Q2 2026 | 23 holders, $4.1bn | 27 holders, $63.8bn |
Ecolab Inc
- Holders
- 20
- Reported value
- $4.7bn
- Buyers
- 7
- Sellers
- 12
Breadth -5 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 (12)
Acadian Asset Management LLC, AllianceBernstein LP, Arrowstreet Capital LP, Artisan Partners LP, Fidelity (FMR LLC), Invesco Ltd, Markel Group Inc, Millennium Management LLC, Neuberger Berman Group LLC, Two Sigma Advisers LP, Two Sigma Investments LP, Wellington Management Group LLP
Only ECL (8)
Baillie Gifford & Co, Citadel Advisors LLC, D. E. Shaw & Co., GAMCO Investors Inc, Man Group PLC, Marshall Wace LLP, Renaissance Technologies LLC, Walleye Capital LLC
Only PM (19)
AQR Capital Management LLC, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, D1 Capital Partners LP, Discovery Capital Management LLC, Dodge & Cox, First Eagle Investment Management LLC, Harris Associates LP, Jane Street Group LLC, Lone Pine Capital LLC, Maverick Capital Ltd, MFS Investment Management, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Tudor Investment Corp, Verition Fund Management LLC, 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.