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
- 24
- Reported value
- $4.9bn
- Buyers
- 12
- Sellers
- 11
Breadth +1 among 94 comparable managers.
Philip Morris Intl Inc
- Holders
- 39
- Reported value
- $38.2bn
- Buyers
- 22
- Sellers
- 15
Breadth +7 among 94 comparable managers.
Who holds both, Q3 2024
Both (19)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Brevan Howard Capital Management LP, Capital Research Global Investors, D. E. Shaw & Co., ExodusPoint Capital Management LP, Fidelity (FMR LLC), Invesco Ltd, Man Group PLC, Markel Group Inc, Marshall Wace LLP, Neuberger Berman Group LLC, Two Sigma Advisers LP, Two Sigma Investments LP, Wellington Management Group LLP
Only ECL (5)
GAMCO Investors Inc, Hudson Bay Capital Management LP, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Walleye Capital LLC
Only PM (20)
Bridgewater Associates LP, Capital World Investors, Citadel Advisors LLC, D1 Capital Partners LP, Discovery Capital Management LLC, Dodge & Cox, First Eagle Investment Management LLC, Harris Associates LP, Holocene Advisors LP, Janus Henderson Group Ltd, Lone Pine Capital LLC, Maverick Capital Ltd, MFS Investment Management, Millennium Management LLC, Quantbot Technologies LP, T. Rowe Price Associates Inc, Verition Fund Management LLC, Viking Global Investors LP, 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.