Holders over time
- TRU
- V
| Quarter | TRU | V |
|---|---|---|
| Q3 2020 | 21 holders, $5.0bn | 55 holders, $62.2bn |
| Q4 2020 | 18 holders, $5.1bn | 52 holders, $67.1bn |
| Q1 2021 | 17 holders, $4.9bn | 58 holders, $64.5bn |
| Q2 2021 | 18 holders, $5.9bn | 52 holders, $69.3bn |
| Q3 2021 | 21 holders, $6.1bn | 56 holders, $63.6bn |
| Q4 2021 | 18 holders, $6.8bn | 47 holders, $58.0bn |
| Q1 2022 | 17 holders, $6.0bn | 59 holders, $61.8bn |
| Q2 2022 | 13 holders, $4.9bn | 57 holders, $55.2bn |
| Q3 2022 | 16 holders, $2.3bn | 57 holders, $50.7bn |
| Q4 2022 | 16 holders, $2.6bn | 54 holders, $59.4bn |
| Q1 2023 | 14 holders, $2.3bn | 55 holders, $64.0bn |
| Q2 2023 | 15 holders, $3.5bn | 54 holders, $65.2bn |
| Q3 2023 | 14 holders, $3.1bn | 55 holders, $61.5bn |
| Q4 2023 | 13 holders, $2.4bn | 48 holders, $68.6bn |
| Q1 2024 | 15 holders, $3.5bn | 50 holders, $73.1bn |
| Q2 2024 | 17 holders, $3.3bn | 45 holders, $69.5bn |
| Q3 2024 | 21 holders, $5.5bn | 47 holders, $70.5bn |
| Q4 2024 | 24 holders, $4.8bn | 48 holders, $77.6bn |
| Q1 2025 | 20 holders, $4.3bn | 43 holders, $83.5bn |
| Q2 2025 | 17 holders, $4.5bn | 45 holders, $83.4bn |
| Q3 2025 | 13 holders, $3.7bn | 48 holders, $82.8bn |
| Q4 2025 | 13 holders, $3.8bn | 49 holders, $86.0bn |
| Q1 2026 | 13 holders, $4.9bn | 49 holders, $73.3bn |
| Q2 2026 | 13 holders, $5.4bn | 52 holders, $81.9bn |
Transunion
- Holders
- 20
- Reported value
- $4.3bn
- Buyers
- 13
- Sellers
- 6
Breadth +7 among 95 comparable managers.
Visa Inc
- Holders
- 43
- Reported value
- $83.5bn
- Buyers
- 19
- Sellers
- 23
Breadth -4 among 95 comparable managers.
Who holds both, Q1 2025
Both (13)
Bridgewater Associates LP, Farallon Capital Management LLC, Janus Henderson Group Ltd, Markel Group Inc, Marshall Wace LLP, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, T. Rowe Price Associates Inc, Verition Fund Management LLC, Viking Global Investors LP, Wellington Management Group LLP, Woodline Partners LP
Only TRU (7)
Citadel Advisors LLC, Freestone Grove Partners LP, Hudson Bay Capital Management LP, PDT Partners LLC, Schonfeld Strategic Advisors LLC, Steadfast Capital Management LP, Two Sigma Investments LP
Only V (30)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Balyasny Asset Management LLC, Berkshire Hathaway Inc, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., Dodge & Cox, Egerton Capital UK LLP, Element Capital Management LLC, Fidelity (FMR LLC), GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Invesco Ltd, Man Group PLC, Polen Capital Management LLC, Renaissance Technologies LLC, Soroban Capital Partners LP, Squarepoint Ops LLC, and 5 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.