Holders over time
- TRU
- MCO
| Quarter | TRU | MCO |
|---|---|---|
| Q3 2020 | 21 holders, $5.0bn | 30 holders, $17.0bn |
| Q4 2020 | 18 holders, $5.1bn | 21 holders, $16.9bn |
| Q1 2021 | 17 holders, $4.9bn | 17 holders, $16.9bn |
| Q2 2021 | 18 holders, $5.9bn | 16 holders, $20.2bn |
| Q3 2021 | 21 holders, $6.1bn | 25 holders, $19.9bn |
| Q4 2021 | 18 holders, $6.8bn | 25 holders, $22.0bn |
| Q1 2022 | 17 holders, $6.0bn | 22 holders, $19.1bn |
| Q2 2022 | 13 holders, $4.9bn | 19 holders, $15.4bn |
| Q3 2022 | 16 holders, $2.3bn | 21 holders, $13.6bn |
| Q4 2022 | 16 holders, $2.6bn | 17 holders, $15.5bn |
| Q1 2023 | 14 holders, $2.3bn | 20 holders, $17.3bn |
| Q2 2023 | 15 holders, $3.5bn | 25 holders, $19.4bn |
| Q3 2023 | 14 holders, $3.1bn | 21 holders, $17.2bn |
| Q4 2023 | 13 holders, $2.4bn | 21 holders, $22.3bn |
| Q1 2024 | 15 holders, $3.5bn | 22 holders, $21.9bn |
| Q2 2024 | 17 holders, $3.3bn | 24 holders, $23.6bn |
| Q3 2024 | 21 holders, $5.5bn | 31 holders, $26.8bn |
| Q4 2024 | 24 holders, $4.8bn | 31 holders, $25.7bn |
| Q1 2025 | 20 holders, $4.3bn | 30 holders, $25.2bn |
| Q2 2025 | 17 holders, $4.5bn | 30 holders, $26.8bn |
| Q3 2025 | 13 holders, $3.7bn | 31 holders, $26.0bn |
| Q4 2025 | 13 holders, $3.8bn | 32 holders, $27.7bn |
| Q1 2026 | 13 holders, $4.9bn | 28 holders, $23.9bn |
| Q2 2026 | 13 holders, $5.4bn | 31 holders, $24.9bn |
Transunion
- Holders
- 20
- Reported value
- $4.3bn
- Buyers
- 13
- Sellers
- 6
Breadth +7 among 95 comparable managers.
Moodys Corp
- Holders
- 30
- Reported value
- $25.2bn
- Buyers
- 15
- Sellers
- 13
Breadth +2 among 95 comparable managers.
Who holds both, Q1 2025
Both (9)
Bridgewater Associates LP, Janus Henderson Group Ltd, Markel Group Inc, MFS Investment Management, Neuberger Berman Group LLC, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, Two Sigma Investments LP, Woodline Partners LP
Only TRU (11)
Citadel Advisors LLC, Farallon Capital Management LLC, Freestone Grove Partners LP, Hudson Bay Capital Management LP, Marshall Wace LLP, Moore Capital Management LP, PDT Partners LLC, Steadfast Capital Management LP, Verition Fund Management LLC, Viking Global Investors LP, Wellington Management Group LLP
Only MCO (21)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Dodge & Cox, Eisler Capital Management Ltd, Fidelity (FMR LLC), GAMCO Investors Inc, Harris Associates LP, Invesco Ltd, Man Group PLC, Maverick Capital Ltd, Millennium Management LLC, Renaissance Technologies LLC, TCI Fund Management Ltd, Two Sigma Advisers LP, Voloridge Investment Management 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.