Holders over time
- PGR
- V
| Quarter | PGR | V |
|---|---|---|
| Q3 2020 | 21 holders, $9.7bn | 55 holders, $62.2bn |
| Q4 2020 | 18 holders, $9.9bn | 52 holders, $67.1bn |
| Q1 2021 | 21 holders, $9.6bn | 58 holders, $64.5bn |
| Q2 2021 | 17 holders, $9.9bn | 52 holders, $69.3bn |
| Q3 2021 | 19 holders, $8.8bn | 56 holders, $63.6bn |
| Q4 2021 | 20 holders, $9.7bn | 47 holders, $58.0bn |
| Q1 2022 | 19 holders, $11.9bn | 59 holders, $61.8bn |
| Q2 2022 | 21 holders, $13.0bn | 57 holders, $55.2bn |
| Q3 2022 | 30 holders, $12.3bn | 57 holders, $50.7bn |
| Q4 2022 | 34 holders, $13.7bn | 54 holders, $59.4bn |
| Q1 2023 | 29 holders, $15.4bn | 55 holders, $64.0bn |
| Q2 2023 | 25 holders, $14.3bn | 54 holders, $65.2bn |
| Q3 2023 | 22 holders, $14.7bn | 55 holders, $61.5bn |
| Q4 2023 | 32 holders, $17.4bn | 48 holders, $68.6bn |
| Q1 2024 | 34 holders, $21.4bn | 50 holders, $73.1bn |
| Q2 2024 | 37 holders, $20.6bn | 45 holders, $69.5bn |
| Q3 2024 | 36 holders, $25.1bn | 47 holders, $70.5bn |
| Q4 2024 | 33 holders, $21.6bn | 48 holders, $77.6bn |
| Q1 2025 | 26 holders, $23.1bn | 43 holders, $83.5bn |
| Q2 2025 | 34 holders, $24.2bn | 45 holders, $83.4bn |
| Q3 2025 | 32 holders, $22.4bn | 48 holders, $82.8bn |
| Q4 2025 | 30 holders, $20.5bn | 49 holders, $86.0bn |
| Q1 2026 | 29 holders, $21.7bn | 49 holders, $73.3bn |
| Q2 2026 | 24 holders, $23.0bn | 52 holders, $81.9bn |
Progressive Corp
- Holders
- 34
- Reported value
- $24.2bn
- Buyers
- 23
- Sellers
- 11
Breadth +12 among 95 comparable managers.
Visa Inc
- Holders
- 45
- Reported value
- $83.4bn
- Buyers
- 21
- Sellers
- 23
Breadth -2 among 95 comparable managers.
Who holds both, Q2 2025
Both (27)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., Egerton Capital UK LLP, ExodusPoint Capital Management LP, Fidelity (FMR LLC), Invesco Ltd, Jane Street Group LLC, Janus Henderson Group Ltd, Man Group PLC, Markel Group Inc, MFS Investment Management, Neuberger Berman Group LLC, Renaissance Technologies LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Two Sigma Investments LP, Wellington Management Group LLP, Woodline Partners LP
Only PGR (7)
Baillie Gifford & Co, Citadel Advisors LLC, Marshall Wace LLP, Maverick Capital Ltd, Millennium Management LLC, Quantbot Technologies LP, Verition Fund Management LLC
Only V (18)
Akre Capital Management LLC, Balyasny Asset Management LLC, Berkshire Hathaway Inc, Bridgewater Associates LP, Dodge & Cox, Eisler Capital Management Ltd, Farallon Capital Management LLC, GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Moore Capital Management LP, Polen Capital Management LLC, Schonfeld Strategic Advisors LLC, Soroban Capital Partners LP, TCI Fund Management Ltd, ValueAct Holdings LP, Viking Global Investors LP, Walleye Capital 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.