Holders over time
- AON
- V
| Quarter | AON | V |
|---|---|---|
| Q3 2020 | 26 holders, $10.9bn | 55 holders, $62.2bn |
| Q4 2020 | 30 holders, $10.7bn | 52 holders, $67.1bn |
| Q1 2021 | 32 holders, $12.0bn | 58 holders, $64.5bn |
| Q2 2021 | 34 holders, $13.2bn | 52 holders, $69.3bn |
| Q3 2021 | 27 holders, $13.3bn | 56 holders, $63.6bn |
| Q4 2021 | 31 holders, $14.0bn | 47 holders, $58.0bn |
| Q1 2022 | 23 holders, $15.7bn | 59 holders, $61.8bn |
| Q2 2022 | 32 holders, $12.5bn | 57 holders, $55.2bn |
| Q3 2022 | 24 holders, $11.7bn | 57 holders, $50.7bn |
| Q4 2022 | 27 holders, $12.4bn | 54 holders, $59.4bn |
| Q1 2023 | 23 holders, $12.4bn | 55 holders, $64.0bn |
| Q2 2023 | 17 holders, $13.8bn | 54 holders, $65.2bn |
| Q3 2023 | 21 holders, $12.3bn | 55 holders, $61.5bn |
| Q4 2023 | 24 holders, $10.0bn | 48 holders, $68.6bn |
| Q1 2024 | 23 holders, $11.2bn | 50 holders, $73.1bn |
| Q2 2024 | 21 holders, $11.0bn | 45 holders, $69.5bn |
| Q3 2024 | 25 holders, $13.5bn | 47 holders, $70.5bn |
| Q4 2024 | 24 holders, $14.1bn | 48 holders, $77.6bn |
| Q1 2025 | 24 holders, $15.9bn | 43 holders, $83.5bn |
| Q2 2025 | 24 holders, $15.0bn | 45 holders, $83.4bn |
| Q3 2025 | 30 holders, $16.0bn | 48 holders, $82.8bn |
| Q4 2025 | 25 holders, $16.1bn | 49 holders, $86.0bn |
| Q1 2026 | 23 holders, $14.0bn | 49 holders, $73.3bn |
| Q2 2026 | 24 holders, $15.0bn | 52 holders, $81.9bn |
Aon PLC
- Holders
- 24
- Reported value
- $14.1bn
- Buyers
- 13
- Sellers
- 11
Breadth +2 among 94 comparable managers.
Visa Inc
- Holders
- 48
- Reported value
- $77.6bn
- Buyers
- 15
- Sellers
- 26
Breadth -11 among 94 comparable managers.
Who holds both, Q4 2024
Both (21)
AllianceBernstein LP, Artisan Partners LP, Berkshire Hathaway Inc, Bridgewater Associates LP, Capital World Investors, D. E. Shaw & Co., Farallon Capital Management LLC, Invesco Ltd, Markel Group Inc, Marshall Wace LLP, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, Polen Capital Management LLC, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Two Sigma Investments LP, Viking Global Investors LP, Voloridge Investment Management LLC, Woodline Partners LP
Only AON (3)
Balyasny Asset Management LLC, Renaissance Technologies LLC, Verition Fund Management LLC
Only V (27)
Acadian Asset Management LLC, Akre Capital Management LLC, AQR Capital Management LLC, Arrowstreet Capital LP, Capital Research Global Investors, Caxton Associates LLP, Citadel Advisors LLC, Dodge & Cox, Egerton Capital UK LLP, Fidelity (FMR LLC), Freestone Grove Partners LP, GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Janus Henderson Group Ltd, Man Group PLC, Maverick Capital Ltd, Millennium Management LLC, Point72 Asset Management LP, Soroban Capital Partners LP, Squarepoint Ops LLC, Steadfast Capital Management LP, Susquehanna International Group LLP, TCI Fund Management Ltd, ValueAct Holdings LP, 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.