Holders over time
- AJG
- AXP
| Quarter | AJG | AXP |
|---|---|---|
| Q3 2020 | 15 holders, $2.2bn | 24 holders, $25.7bn |
| Q4 2020 | 7 holders, $3.5bn | 21 holders, $30.8bn |
| Q1 2021 | 11 holders, $3.7bn | 24 holders, $36.9bn |
| Q2 2021 | 16 holders, $4.5bn | 21 holders, $42.9bn |
| Q3 2021 | 19 holders, $4.8bn | 26 holders, $42.0bn |
| Q4 2021 | 18 holders, $5.3bn | 27 holders, $39.7bn |
| Q1 2022 | 17 holders, $5.1bn | 20 holders, $45.0bn |
| Q2 2022 | 10 holders, $4.9bn | 36 holders, $33.2bn |
| Q3 2022 | 16 holders, $5.2bn | 35 holders, $32.3bn |
| Q4 2022 | 17 holders, $5.8bn | 35 holders, $34.4bn |
| Q1 2023 | 17 holders, $5.6bn | 32 holders, $38.7bn |
| Q2 2023 | 14 holders, $6.1bn | 30 holders, $40.1bn |
| Q3 2023 | 14 holders, $6.7bn | 34 holders, $34.1bn |
| Q4 2023 | 12 holders, $6.2bn | 28 holders, $42.5bn |
| Q1 2024 | 14 holders, $6.7bn | 33 holders, $52.6bn |
| Q2 2024 | 12 holders, $7.5bn | 31 holders, $52.6bn |
| Q3 2024 | 14 holders, $8.3bn | 30 holders, $60.7bn |
| Q4 2024 | 33 holders, $12.4bn | 26 holders, $65.8bn |
| Q1 2025 | 21 holders, $14.2bn | 33 holders, $59.9bn |
| Q2 2025 | 22 holders, $13.2bn | 29 holders, $69.4bn |
| Q3 2025 | 16 holders, $11.5bn | 30 holders, $70.8bn |
| Q4 2025 | 14 holders, $10.4bn | 31 holders, $77.2bn |
| Q1 2026 | 17 holders, $10.7bn | 33 holders, $61.2bn |
| Q2 2026 | 16 holders, $11.6bn | 30 holders, $65.4bn |
Gallagher Arthur J & Co
- Holders
- 33
- Reported value
- $12.4bn
- Buyers
- 26
- Sellers
- 5
Breadth +21 among 94 comparable managers.
American Express Co
- Holders
- 26
- Reported value
- $65.8bn
- Buyers
- 7
- Sellers
- 16
Breadth -9 among 94 comparable managers.
Who holds both, Q4 2024
Both (14)
AllianceBernstein LP, AQR Capital Management LLC, Artisan Partners LP, Capital Research Global Investors, Capital World Investors, D. E. Shaw & Co., Fidelity (FMR LLC), GAMCO Investors Inc, Holocene Advisors LP, Invesco Ltd, Janus Henderson Group Ltd, MFS Investment Management, Wellington Management Group LLP, Woodline Partners LP
Only AJG (19)
Baillie Gifford & Co, Balyasny Asset Management LLC, Citadel Advisors LLC, Discovery Capital Management LLC, ExodusPoint Capital Management LP, Freestone Grove Partners LP, Hudson Bay Capital Management LP, Jane Street Group LLC, Marshall Wace LLP, Millennium Management LLC, Moore Capital Management LP, PDT Partners LLC, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Soros Fund Management LLC, Tudor Investment Corp, Verition Fund Management LLC, Walleye Capital LLC, Winton Group Ltd
Only AXP (12)
Arrowstreet Capital LP, Berkshire Hathaway Inc, Bridgewater Associates LP, Caxton Associates LLP, Dodge & Cox, First Eagle Investment Management LLC, Harris Associates LP, Man Group PLC, Markel Group Inc, Neuberger Berman Group LLC, Ruane Cunniff & Goldfarb LP, T. Rowe Price Associates Inc
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.