Holders over time
- TRU
- MA
| Quarter | TRU | MA |
|---|---|---|
| Q3 2020 | 21 holders, $5.0bn | 45 holders, $56.1bn |
| Q4 2020 | 18 holders, $5.1bn | 52 holders, $57.9bn |
| Q1 2021 | 17 holders, $4.9bn | 50 holders, $56.4bn |
| Q2 2021 | 18 holders, $5.9bn | 50 holders, $54.9bn |
| Q3 2021 | 21 holders, $6.1bn | 50 holders, $48.9bn |
| Q4 2021 | 18 holders, $6.8bn | 42 holders, $49.3bn |
| Q1 2022 | 17 holders, $6.0bn | 38 holders, $50.1bn |
| Q2 2022 | 13 holders, $4.9bn | 48 holders, $45.4bn |
| Q3 2022 | 16 holders, $2.3bn | 53 holders, $40.8bn |
| Q4 2022 | 16 holders, $2.6bn | 37 holders, $65.6bn |
| Q1 2023 | 14 holders, $2.3bn | 45 holders, $50.3bn |
| Q2 2023 | 15 holders, $3.5bn | 47 holders, $51.2bn |
| Q3 2023 | 14 holders, $3.1bn | 52 holders, $49.7bn |
| Q4 2023 | 13 holders, $2.4bn | 46 holders, $51.7bn |
| Q1 2024 | 15 holders, $3.5bn | 48 holders, $58.0bn |
| Q2 2024 | 17 holders, $3.3bn | 49 holders, $51.2bn |
| Q3 2024 | 21 holders, $5.5bn | 43 holders, $55.8bn |
| Q4 2024 | 24 holders, $4.8bn | 43 holders, $58.3bn |
| Q1 2025 | 20 holders, $4.3bn | 49 holders, $64.7bn |
| Q2 2025 | 17 holders, $4.5bn | 50 holders, $68.3bn |
| Q3 2025 | 13 holders, $3.7bn | 44 holders, $68.1bn |
| Q4 2025 | 13 holders, $3.8bn | 43 holders, $65.6bn |
| Q1 2026 | 13 holders, $4.9bn | 46 holders, $57.4bn |
| Q2 2026 | 13 holders, $5.4bn | 43 holders, $58.1bn |
Transunion
- Holders
- 21
- Reported value
- $5.5bn
- Buyers
- 11
- Sellers
- 9
Breadth +2 among 94 comparable managers.
Mastercard Incorporated
- Holders
- 43
- Reported value
- $55.8bn
- Buyers
- 13
- Sellers
- 30
Breadth -17 among 94 comparable managers.
Who holds both, Q3 2024
Both (16)
AQR Capital Management LLC, Artisan Partners LP, Balyasny Asset Management LLC, Bridgewater Associates LP, Citadel Advisors LLC, Farallon Capital Management LLC, Fidelity (FMR LLC), Janus Henderson Group Ltd, Man Group PLC, Markel Group Inc, MFS Investment Management, Millennium Management LLC, Moore Capital Management LP, Neuberger Berman Group LLC, Schonfeld Strategic Advisors LLC, Wellington Management Group LLP
Only TRU (5)
Hudson Bay Capital Management LP, Marshall Wace LLP, PDT Partners LLC, Steadfast Capital Management LP, Viking Global Investors LP
Only MA (27)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, Arrowstreet Capital LP, Baillie Gifford & Co, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., Davidson Kempner Capital Management LP, Egerton Capital UK LLP, GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Invesco Ltd, Point72 Asset Management LP, Polen Capital Management LLC, Soroban Capital Partners LP, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Two Sigma Investments LP, Verition Fund Management LLC, and 2 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.