Holders over time
- TRGP
- CVX
| Quarter | TRGP | CVX |
|---|---|---|
| Q3 2020 | 13 holders, $271m | 18 holders, $9.3bn |
| Q4 2020 | 16 holders, $861m | 27 holders, $12.0bn |
| Q1 2021 | 15 holders, $801m | 22 holders, $12.8bn |
| Q2 2021 | 13 holders, $739m | 25 holders, $12.5bn |
| Q3 2021 | 13 holders, $839m | 25 holders, $12.4bn |
| Q4 2021 | 12 holders, $833m | 24 holders, $14.6bn |
| Q1 2022 | 16 holders, $1.7bn | 25 holders, $39.6bn |
| Q2 2022 | 13 holders, $1.3bn | 25 holders, $35.6bn |
| Q3 2022 | 14 holders, $1.4bn | 33 holders, $37.1bn |
| Q4 2022 | 12 holders, $1.9bn | 33 holders, $45.2bn |
| Q1 2023 | 15 holders, $2.2bn | 32 holders, $36.7bn |
| Q2 2023 | 15 holders, $2.1bn | 32 holders, $34.1bn |
| Q3 2023 | 17 holders, $2.5bn | 31 holders, $33.6bn |
| Q4 2023 | 13 holders, $2.0bn | 29 holders, $32.3bn |
| Q1 2024 | 14 holders, $3.4bn | 24 holders, $31.7bn |
| Q2 2024 | 17 holders, $4.0bn | 30 holders, $31.2bn |
| Q3 2024 | 20 holders, $4.7bn | 28 holders, $28.5bn |
| Q4 2024 | 25 holders, $5.9bn | 28 holders, $28.4bn |
| Q1 2025 | 22 holders, $6.4bn | 26 holders, $32.6bn |
| Q2 2025 | 19 holders, $6.1bn | 27 holders, $28.7bn |
| Q3 2025 | 16 holders, $6.7bn | 33 holders, $34.2bn |
| Q4 2025 | 15 holders, $7.9bn | 33 holders, $34.8bn |
| Q1 2026 | 14 holders, $9.8bn | 40 holders, $40.1bn |
| Q2 2026 | 16 holders, $10.4bn | 37 holders, $32.6bn |
Targa Res Corp
- Holders
- 25
- Reported value
- $5.9bn
- Buyers
- 16
- Sellers
- 8
Breadth +8 among 94 comparable managers.
Chevron Corporation
- Holders
- 28
- Reported value
- $28.4bn
- Buyers
- 19
- Sellers
- 10
Breadth +9 among 94 comparable managers.
Who holds both, Q4 2024
Both (10)
AQR Capital Management LLC, ExodusPoint Capital Management LP, Fidelity (FMR LLC), Invesco Ltd, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, T. Rowe Price Associates Inc, Verition Fund Management LLC, Wellington Management Group LLP
Only TRGP (15)
Acadian Asset Management LLC, Arrowstreet Capital LP, Balyasny Asset Management LLC, Brevan Howard Capital Management LP, Bridgewater Associates LP, Freestone Grove Partners LP, Man Group PLC, Millennium Management LLC, PDT Partners LLC, Point72 Asset Management LP, Quantbot Technologies LP, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Two Sigma Advisers LP, Two Sigma Investments LP
Only CVX (18)
AllianceBernstein LP, Berkshire Hathaway Inc, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, Dodge & Cox, Eisler Capital Management Ltd, GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Hudson Bay Capital Management LP, Jane Street Group LLC, Janus Henderson Group Ltd, Marshall Wace LLP, Squarepoint Ops LLC, Susquehanna International Group LLP, Winton Group Ltd, Woodline Partners LP
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.