Holders over time
- EXLS
- MCO
| Quarter | EXLS | MCO |
|---|---|---|
| Q3 2020 | 3 holders, $170m | 30 holders, $17.0bn |
| Q4 2020 | 3 holders, $222m | 21 holders, $16.9bn |
| Q1 2021 | 3 holders, $244m | 17 holders, $16.9bn |
| Q2 2021 | 4 holders, $294m | 16 holders, $20.2bn |
| Q3 2021 | 5 holders, $316m | 25 holders, $19.9bn |
| Q4 2021 | 5 holders, $143m | 25 holders, $22.0bn |
| Q1 2022 | 7 holders, $146m | 22 holders, $19.1bn |
| Q2 2022 | 5 holders, $614m | 19 holders, $15.4bn |
| Q3 2022 | 5 holders, $761m | 21 holders, $13.6bn |
| Q4 2022 | 8 holders, $1.0bn | 17 holders, $15.5bn |
| Q1 2023 | 6 holders, $615m | 20 holders, $17.3bn |
| Q2 2023 | 9 holders, $427m | 25 holders, $19.4bn |
| Q3 2023 | 8 holders, $376m | 21 holders, $17.2bn |
| Q4 2023 | 7 holders, $136m | 21 holders, $22.3bn |
| Q1 2024 | 8 holders, $123m | 22 holders, $21.9bn |
| Q2 2024 | 8 holders, $145m | 24 holders, $23.6bn |
| Q3 2024 | 5 holders, $81m | 31 holders, $26.8bn |
| Q4 2024 | 5 holders, $43m | 31 holders, $25.7bn |
| Q1 2025 | 4 holders, $35m | 30 holders, $25.2bn |
| Q2 2025 | 10 holders, $293m | 30 holders, $26.8bn |
| Q3 2025 | 9 holders, $409m | 31 holders, $26.0bn |
| Q4 2025 | 11 holders, $1.1bn | 32 holders, $27.7bn |
| Q1 2026 | 7 holders, $580m | 28 holders, $23.9bn |
| Q2 2026 | 7 holders, $321m | 31 holders, $24.9bn |
Exlservice HLDGS Inc
- Holders
- 10
- Reported value
- $293m
- Buyers
- 7
- Sellers
- 3
Breadth +4 among 95 comparable managers.
Moodys Corp
- Holders
- 30
- Reported value
- $26.8bn
- Buyers
- 14
- Sellers
- 13
Breadth +1 among 95 comparable managers.
Who holds both, Q2 2025
Only EXLS (8)
Brevan Howard Capital Management LP, ExodusPoint Capital Management LP, Millennium Management LLC, Polen Capital Management LLC, Renaissance Technologies LLC, Squarepoint Ops LLC, Two Sigma Advisers LP, Two Sigma Investments LP
Only MCO (28)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, Arrowstreet Capital LP, Baillie Gifford & Co, Berkshire Hathaway Inc, Dodge & Cox, Eisler Capital Management Ltd, Fidelity (FMR LLC), Freestone Grove Partners LP, GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Hudson Bay Capital Management LP, Invesco Ltd, Janus Henderson Group Ltd, Man Group PLC, Markel Group Inc, Marshall Wace LLP, Maverick Capital Ltd, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, and 3 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.