Holders over time
- TREX
- HWM
| Quarter | TREX | HWM |
|---|---|---|
| Q3 2020 | 8 holders, $633m | 12 holders, $1.6bn |
| Q4 2020 | 9 holders, $939m | 21 holders, $3.0bn |
| Q1 2021 | 8 holders, $861m | 18 holders, $3.2bn |
| Q2 2021 | 7 holders, $1.1bn | 19 holders, $3.8bn |
| Q3 2021 | 8 holders, $1.5bn | 18 holders, $3.4bn |
| Q4 2021 | 13 holders, $2.2bn | 15 holders, $3.7bn |
| Q1 2022 | 11 holders, $1.3bn | 12 holders, $3.6bn |
| Q2 2022 | 6 holders, $1.0bn | 15 holders, $3.2bn |
| Q3 2022 | 13 holders, $813m | 20 holders, $3.1bn |
| Q4 2022 | 11 holders, $406m | 19 holders, $4.4bn |
| Q1 2023 | 12 holders, $542m | 23 holders, $4.7bn |
| Q2 2023 | 16 holders, $826m | 25 holders, $5.2bn |
| Q3 2023 | 21 holders, $838m | 26 holders, $4.3bn |
| Q4 2023 | 18 holders, $1.1bn | 22 holders, $5.0bn |
| Q1 2024 | 19 holders, $1.2bn | 22 holders, $6.1bn |
| Q2 2024 | 15 holders, $988m | 23 holders, $7.1bn |
| Q3 2024 | 14 holders, $796m | 25 holders, $8.7bn |
| Q4 2024 | 10 holders, $1.4bn | 21 holders, $9.0bn |
| Q1 2025 | 14 holders, $1.3bn | 23 holders, $10.0bn |
| Q2 2025 | 11 holders, $1.1bn | 22 holders, $13.2bn |
| Q3 2025 | 8 holders, $702m | 23 holders, $13.4bn |
| Q4 2025 | 11 holders, $820m | 26 holders, $13.6bn |
| Q1 2026 | 12 holders, $928m | 35 holders, $15.6bn |
| Q2 2026 | 11 holders, $1.4bn | 37 holders, $17.3bn |
Trex Co Inc
- Holders
- 14
- Reported value
- $1.3bn
- Buyers
- 8
- Sellers
- 5
Breadth +3 among 95 comparable managers.
Howmet Aerospace Inc
- Holders
- 23
- Reported value
- $10.0bn
- Buyers
- 10
- Sellers
- 13
Breadth -3 among 95 comparable managers.
Who holds both, Q1 2025
Both (7)
AllianceBernstein LP, Artisan Partners LP, Balyasny Asset Management LLC, Capital Research Global Investors, Holocene Advisors LP, T. Rowe Price Associates Inc, Winton Group Ltd
Only TREX (7)
Eisler Capital Management Ltd, Element Capital Management LLC, Neuberger Berman Group LLC, Point72 Asset Management LP, Polen Capital Management LLC, Walleye Capital LLC, Woodline Partners LP
Only HWM (16)
AQR Capital Management LLC, Arrowstreet Capital LP, Capital World Investors, Caxton Associates LLP, Elliott Investment Management LP, Fidelity (FMR LLC), Freestone Grove Partners LP, GAMCO Investors Inc, Invesco Ltd, Janus Henderson Group Ltd, Marshall Wace LLP, MFS Investment Management, Moore Capital Management LP, PDT Partners LLC, Renaissance Technologies LLC, Schonfeld Strategic Advisors 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.