Holders over time
- ECL
- PM
| Quarter | ECL | PM |
|---|---|---|
| Q3 2020 | 21 holders, $2.4bn | 25 holders, $19.7bn |
| Q4 2020 | 13 holders, $2.4bn | 25 holders, $21.5bn |
| Q1 2021 | 15 holders, $2.4bn | 27 holders, $22.1bn |
| Q2 2021 | 21 holders, $2.8bn | 20 holders, $23.2bn |
| Q3 2021 | 14 holders, $2.7bn | 25 holders, $22.8bn |
| Q4 2021 | 15 holders, $3.5bn | 26 holders, $22.3bn |
| Q1 2022 | 18 holders, $3.3bn | 29 holders, $23.2bn |
| Q2 2022 | 17 holders, $2.9bn | 28 holders, $25.8bn |
| Q3 2022 | 16 holders, $2.6bn | 33 holders, $22.2bn |
| Q4 2022 | 18 holders, $3.0bn | 26 holders, $27.0bn |
| Q1 2023 | 18 holders, $3.5bn | 36 holders, $27.6bn |
| Q2 2023 | 18 holders, $3.5bn | 29 holders, $28.9bn |
| Q3 2023 | 17 holders, $2.9bn | 32 holders, $28.5bn |
| Q4 2023 | 17 holders, $2.9bn | 34 holders, $28.8bn |
| Q1 2024 | 22 holders, $4.2bn | 36 holders, $28.4bn |
| Q2 2024 | 20 holders, $4.7bn | 31 holders, $31.4bn |
| Q3 2024 | 24 holders, $4.9bn | 39 holders, $38.2bn |
| Q4 2024 | 23 holders, $4.4bn | 40 holders, $36.6bn |
| Q1 2025 | 29 holders, $4.9bn | 44 holders, $49.1bn |
| Q2 2025 | 25 holders, $5.1bn | 44 holders, $54.3bn |
| Q3 2025 | 25 holders, $5.0bn | 36 holders, $49.3bn |
| Q4 2025 | 23 holders, $4.6bn | 26 holders, $50.5bn |
| Q1 2026 | 24 holders, $4.5bn | 25 holders, $57.3bn |
| Q2 2026 | 23 holders, $4.1bn | 27 holders, $63.8bn |
Ecolab Inc
- Holders
- 29
- Reported value
- $4.9bn
- Buyers
- 19
- Sellers
- 9
Breadth +10 among 95 comparable managers.
Philip Morris Intl Inc
- Holders
- 44
- Reported value
- $49.1bn
- Buyers
- 20
- Sellers
- 22
Breadth -2 among 95 comparable managers.
Who holds both, Q1 2025
Both (23)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Balyasny Asset Management LLC, Brevan Howard Capital Management LP, Capital Research Global Investors, D. E. Shaw & Co., ExodusPoint Capital Management LP, Fidelity (FMR LLC), Invesco Ltd, Man Group PLC, Markel Group Inc, Neuberger Berman Group LLC, Renaissance Technologies LLC, Two Sigma Advisers LP, Two Sigma Investments LP, Verition Fund Management LLC, Wellington Management Group LLP, Winton Group Ltd, Woodline Partners LP
Only ECL (6)
Caxton Associates LLP, Element Capital Management LLC, GAMCO Investors Inc, Marshall Wace LLP, PDT Partners LLC, Schonfeld Strategic Advisors LLC
Only PM (21)
Bridgewater Associates LP, Capital World Investors, Coatue Management LLC, D1 Capital Partners LP, Dodge & Cox, First Eagle Investment Management LLC, Freestone Grove Partners LP, Harris Associates LP, Holocene Advisors LP, Hudson Bay Capital Management LP, Jane Street Group LLC, Janus Henderson Group Ltd, Lone Pine Capital LLC, Maverick Capital Ltd, MFS Investment Management, Millennium Management LLC, Moore Capital Management LP, Quantbot Technologies LP, T. Rowe Price Associates Inc, Viking Global Investors LP, Walleye Capital 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.