Holders over time
- TRV
- V
| Quarter | TRV | V |
|---|---|---|
| Q3 2020 | 18 holders, $4.4bn | 55 holders, $62.2bn |
| Q4 2020 | 16 holders, $6.2bn | 52 holders, $67.1bn |
| Q1 2021 | 16 holders, $6.4bn | 58 holders, $64.5bn |
| Q2 2021 | 17 holders, $5.8bn | 52 holders, $69.3bn |
| Q3 2021 | 16 holders, $6.2bn | 56 holders, $63.6bn |
| Q4 2021 | 20 holders, $6.7bn | 47 holders, $58.0bn |
| Q1 2022 | 17 holders, $8.7bn | 59 holders, $61.8bn |
| Q2 2022 | 15 holders, $7.9bn | 57 holders, $55.2bn |
| Q3 2022 | 18 holders, $7.0bn | 57 holders, $50.7bn |
| Q4 2022 | 16 holders, $8.3bn | 54 holders, $59.4bn |
| Q1 2023 | 19 holders, $6.9bn | 55 holders, $64.0bn |
| Q2 2023 | 19 holders, $6.5bn | 54 holders, $65.2bn |
| Q3 2023 | 21 holders, $5.7bn | 55 holders, $61.5bn |
| Q4 2023 | 18 holders, $6.2bn | 48 holders, $68.6bn |
| Q1 2024 | 20 holders, $7.1bn | 50 holders, $73.1bn |
| Q2 2024 | 19 holders, $6.3bn | 45 holders, $69.5bn |
| Q3 2024 | 18 holders, $7.3bn | 47 holders, $70.5bn |
| Q4 2024 | 19 holders, $7.8bn | 48 holders, $77.6bn |
| Q1 2025 | 23 holders, $8.6bn | 43 holders, $83.5bn |
| Q2 2025 | 17 holders, $8.6bn | 45 holders, $83.4bn |
| Q3 2025 | 18 holders, $9.0bn | 48 holders, $82.8bn |
| Q4 2025 | 21 holders, $7.9bn | 49 holders, $86.0bn |
| Q1 2026 | 19 holders, $7.8bn | 49 holders, $73.3bn |
| Q2 2026 | 14 holders, $8.4bn | 52 holders, $81.9bn |
Travelers Companies Inc
- Holders
- 23
- Reported value
- $8.6bn
- Buyers
- 13
- Sellers
- 11
Breadth +2 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 (17)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Balyasny Asset Management LLC, Bridgewater Associates LP, Dodge & Cox, Fidelity (FMR LLC), Invesco Ltd, Janus Henderson Group Ltd, Man Group PLC, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, T. Rowe Price Associates Inc, Verition Fund Management LLC, Woodline Partners LP
Only TRV (6)
Brevan Howard Capital Management LP, Freestone Grove Partners LP, Hudson Bay Capital Management LP, Millennium Management LLC, Point72 Asset Management LP, Schonfeld Strategic Advisors LLC
Only V (26)
Akre Capital Management LLC, Artisan Partners LP, Berkshire Hathaway Inc, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., Egerton Capital UK LLP, Element Capital Management LLC, Farallon Capital Management LLC, GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Markel Group Inc, Marshall Wace LLP, Polen Capital Management LLC, Renaissance Technologies LLC, Soroban Capital Partners LP, Squarepoint Ops LLC, TCI Fund Management Ltd, Two Sigma Advisers LP, ValueAct Holdings LP, Viking Global Investors LP, Voloridge Investment Management LLC, Walleye Capital LLC, and 1 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.