Holders over time
- AON
- AXP
| Quarter | AON | AXP |
|---|---|---|
| Q3 2020 | 26 holders, $10.9bn | 24 holders, $25.7bn |
| Q4 2020 | 30 holders, $10.7bn | 21 holders, $30.8bn |
| Q1 2021 | 32 holders, $12.0bn | 24 holders, $36.9bn |
| Q2 2021 | 34 holders, $13.2bn | 21 holders, $42.9bn |
| Q3 2021 | 27 holders, $13.3bn | 26 holders, $42.0bn |
| Q4 2021 | 31 holders, $14.0bn | 27 holders, $39.7bn |
| Q1 2022 | 23 holders, $15.7bn | 20 holders, $45.0bn |
| Q2 2022 | 32 holders, $12.5bn | 36 holders, $33.2bn |
| Q3 2022 | 24 holders, $11.7bn | 35 holders, $32.3bn |
| Q4 2022 | 27 holders, $12.4bn | 35 holders, $34.4bn |
| Q1 2023 | 23 holders, $12.4bn | 32 holders, $38.7bn |
| Q2 2023 | 17 holders, $13.8bn | 30 holders, $40.1bn |
| Q3 2023 | 21 holders, $12.3bn | 34 holders, $34.1bn |
| Q4 2023 | 24 holders, $10.0bn | 28 holders, $42.5bn |
| Q1 2024 | 23 holders, $11.2bn | 33 holders, $52.6bn |
| Q2 2024 | 21 holders, $11.0bn | 31 holders, $52.6bn |
| Q3 2024 | 25 holders, $13.5bn | 30 holders, $60.7bn |
| Q4 2024 | 24 holders, $14.1bn | 26 holders, $65.8bn |
| Q1 2025 | 24 holders, $15.9bn | 33 holders, $59.9bn |
| Q2 2025 | 24 holders, $15.0bn | 29 holders, $69.4bn |
| Q3 2025 | 30 holders, $16.0bn | 30 holders, $70.8bn |
| Q4 2025 | 25 holders, $16.1bn | 31 holders, $77.2bn |
| Q1 2026 | 23 holders, $14.0bn | 33 holders, $61.2bn |
| Q2 2026 | 24 holders, $15.0bn | 30 holders, $65.4bn |
Aon PLC
- Holders
- 24
- Reported value
- $14.1bn
- Buyers
- 13
- Sellers
- 11
Breadth +2 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 (12)
AllianceBernstein LP, Artisan Partners LP, Berkshire Hathaway Inc, Bridgewater Associates LP, Capital World Investors, D. E. Shaw & Co., Invesco Ltd, Markel Group Inc, MFS Investment Management, Neuberger Berman Group LLC, T. Rowe Price Associates Inc, Woodline Partners LP
Only AON (12)
Balyasny Asset Management LLC, Farallon Capital Management LLC, Marshall Wace LLP, Moore Capital Management LP, Polen Capital Management LLC, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Two Sigma Advisers LP, Two Sigma Investments LP, Verition Fund Management LLC, Viking Global Investors LP, Voloridge Investment Management LLC
Only AXP (14)
AQR Capital Management LLC, Arrowstreet Capital LP, Capital Research Global Investors, Caxton Associates LLP, Dodge & Cox, Fidelity (FMR LLC), First Eagle Investment Management LLC, GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Janus Henderson Group Ltd, Man Group PLC, Ruane Cunniff & Goldfarb LP, Wellington Management Group LLP
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.