Holders over time
- TRU
- MCO
| Quarter | TRU | MCO |
|---|---|---|
| Q3 2020 | 21 holders, $5.0bn | 30 holders, $17.0bn |
| Q4 2020 | 18 holders, $5.1bn | 21 holders, $16.9bn |
| Q1 2021 | 17 holders, $4.9bn | 17 holders, $16.9bn |
| Q2 2021 | 18 holders, $5.9bn | 16 holders, $20.2bn |
| Q3 2021 | 21 holders, $6.1bn | 25 holders, $19.9bn |
| Q4 2021 | 18 holders, $6.8bn | 25 holders, $22.0bn |
| Q1 2022 | 17 holders, $6.0bn | 22 holders, $19.1bn |
| Q2 2022 | 13 holders, $4.9bn | 19 holders, $15.4bn |
| Q3 2022 | 16 holders, $2.3bn | 21 holders, $13.6bn |
| Q4 2022 | 16 holders, $2.6bn | 17 holders, $15.5bn |
| Q1 2023 | 14 holders, $2.3bn | 20 holders, $17.3bn |
| Q2 2023 | 15 holders, $3.5bn | 25 holders, $19.4bn |
| Q3 2023 | 14 holders, $3.1bn | 21 holders, $17.2bn |
| Q4 2023 | 13 holders, $2.4bn | 21 holders, $22.3bn |
| Q1 2024 | 15 holders, $3.5bn | 22 holders, $21.9bn |
| Q2 2024 | 17 holders, $3.3bn | 24 holders, $23.6bn |
| Q3 2024 | 21 holders, $5.5bn | 31 holders, $26.8bn |
| Q4 2024 | 24 holders, $4.8bn | 31 holders, $25.7bn |
| Q1 2025 | 20 holders, $4.3bn | 30 holders, $25.2bn |
| Q2 2025 | 17 holders, $4.5bn | 30 holders, $26.8bn |
| Q3 2025 | 13 holders, $3.7bn | 31 holders, $26.0bn |
| Q4 2025 | 13 holders, $3.8bn | 32 holders, $27.7bn |
| Q1 2026 | 13 holders, $4.9bn | 28 holders, $23.9bn |
| Q2 2026 | 13 holders, $5.4bn | 31 holders, $24.9bn |
Transunion
- Holders
- 21
- Reported value
- $5.5bn
- Buyers
- 11
- Sellers
- 9
Breadth +2 among 94 comparable managers.
Moodys Corp
- Holders
- 31
- Reported value
- $26.8bn
- Buyers
- 15
- Sellers
- 13
Breadth +2 among 94 comparable managers.
Who holds both, Q3 2024
Both (11)
Artisan Partners LP, Fidelity (FMR LLC), Hudson Bay Capital Management LP, Janus Henderson Group Ltd, Man Group PLC, Markel Group Inc, Marshall Wace LLP, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, Schonfeld Strategic Advisors LLC
Only TRU (10)
AQR Capital Management LLC, Balyasny Asset Management LLC, Bridgewater Associates LP, Citadel Advisors LLC, Farallon Capital Management LLC, Millennium Management LLC, PDT Partners LLC, Steadfast Capital Management LP, Viking Global Investors LP, Wellington Management Group LLP
Only MCO (20)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, Arrowstreet Capital LP, Baillie Gifford & Co, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Dodge & Cox, ExodusPoint Capital Management LP, GAMCO Investors Inc, Harris Associates LP, Invesco Ltd, Maverick Capital Ltd, Quantbot Technologies LP, Renaissance Technologies LLC, T. Rowe Price Associates Inc, TCI Fund Management Ltd, Two Sigma Advisers LP, Two Sigma Investments 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.