Holders over time
- TRU
- MA
| Quarter | TRU | MA |
|---|---|---|
| Q3 2020 | 21 holders, $5.0bn | 45 holders, $56.1bn |
| Q4 2020 | 18 holders, $5.1bn | 52 holders, $57.9bn |
| Q1 2021 | 17 holders, $4.9bn | 50 holders, $56.4bn |
| Q2 2021 | 18 holders, $5.9bn | 50 holders, $54.9bn |
| Q3 2021 | 21 holders, $6.1bn | 50 holders, $48.9bn |
| Q4 2021 | 18 holders, $6.8bn | 42 holders, $49.3bn |
| Q1 2022 | 17 holders, $6.0bn | 38 holders, $50.1bn |
| Q2 2022 | 13 holders, $4.9bn | 48 holders, $45.4bn |
| Q3 2022 | 16 holders, $2.3bn | 53 holders, $40.8bn |
| Q4 2022 | 16 holders, $2.6bn | 37 holders, $65.6bn |
| Q1 2023 | 14 holders, $2.3bn | 45 holders, $50.3bn |
| Q2 2023 | 15 holders, $3.5bn | 47 holders, $51.2bn |
| Q3 2023 | 14 holders, $3.1bn | 52 holders, $49.7bn |
| Q4 2023 | 13 holders, $2.4bn | 46 holders, $51.7bn |
| Q1 2024 | 15 holders, $3.5bn | 48 holders, $58.0bn |
| Q2 2024 | 17 holders, $3.3bn | 49 holders, $51.2bn |
| Q3 2024 | 21 holders, $5.5bn | 43 holders, $55.8bn |
| Q4 2024 | 24 holders, $4.8bn | 43 holders, $58.3bn |
| Q1 2025 | 20 holders, $4.3bn | 49 holders, $64.7bn |
| Q2 2025 | 17 holders, $4.5bn | 50 holders, $68.3bn |
| Q3 2025 | 13 holders, $3.7bn | 44 holders, $68.1bn |
| Q4 2025 | 13 holders, $3.8bn | 43 holders, $65.6bn |
| Q1 2026 | 13 holders, $4.9bn | 46 holders, $57.4bn |
| Q2 2026 | 13 holders, $5.4bn | 43 holders, $58.1bn |
Transunion
- Holders
- 20
- Reported value
- $4.3bn
- Buyers
- 13
- Sellers
- 6
Breadth +7 among 95 comparable managers.
Mastercard Incorporated
- Holders
- 49
- Reported value
- $64.7bn
- Buyers
- 30
- Sellers
- 18
Breadth +12 among 95 comparable managers.
Who holds both, Q1 2025
Both (17)
Bridgewater Associates LP, Citadel Advisors LLC, Farallon Capital Management LLC, Freestone Grove Partners LP, Hudson Bay Capital Management LP, Janus Henderson Group Ltd, Markel Group Inc, Marshall Wace LLP, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, Two Sigma Investments LP, Verition Fund Management LLC, Wellington Management Group LLP, Woodline Partners LP
Only MA (32)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Balyasny Asset Management LLC, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., Davidson Kempner Capital Management LP, Egerton Capital UK LLP, ExodusPoint Capital Management LP, Fidelity (FMR LLC), GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Invesco Ltd, Man Group PLC, Millennium Management LLC, Polen Capital Management LLC, and 7 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.