Holders over time
- USB
- JPM
| Quarter | USB | JPM |
|---|---|---|
| Q3 2020 | 22 holders, $8.2bn | 35 holders, $33.0bn |
| Q4 2020 | 23 holders, $10.7bn | 32 holders, $45.6bn |
| Q1 2021 | 17 holders, $11.2bn | 32 holders, $49.9bn |
| Q2 2021 | 16 holders, $11.1bn | 31 holders, $48.4bn |
| Q3 2021 | 17 holders, $11.5bn | 31 holders, $48.9bn |
| Q4 2021 | 16 holders, $10.6bn | 34 holders, $46.1bn |
| Q1 2022 | 16 holders, $9.9bn | 35 holders, $37.9bn |
| Q2 2022 | 22 holders, $8.5bn | 37 holders, $30.9bn |
| Q3 2022 | 28 holders, $6.5bn | 41 holders, $26.8bn |
| Q4 2022 | 28 holders, $5.7bn | 33 holders, $80.3bn |
| Q1 2023 | 23 holders, $4.6bn | 34 holders, $33.4bn |
| Q2 2023 | 22 holders, $4.0bn | 34 holders, $38.7bn |
| Q3 2023 | 12 holders, $3.1bn | 32 holders, $39.4bn |
| Q4 2023 | 11 holders, $4.5bn | 30 holders, $45.0bn |
| Q1 2024 | 15 holders, $5.2bn | 37 holders, $52.6bn |
| Q2 2024 | 18 holders, $5.1bn | 36 holders, $52.8bn |
| Q3 2024 | 20 holders, $6.9bn | 29 holders, $50.1bn |
| Q4 2024 | 18 holders, $7.0bn | 30 holders, $55.8bn |
| Q1 2025 | 30 holders, $7.7bn | 35 holders, $51.3bn |
| Q2 2025 | 25 holders, $7.7bn | 38 holders, $59.8bn |
| Q3 2025 | 23 holders, $7.5bn | 36 holders, $63.3bn |
| Q4 2025 | 21 holders, $8.0bn | 36 holders, $57.9bn |
| Q1 2026 | 20 holders, $7.7bn | 39 holders, $51.7bn |
| Q2 2026 | 21 holders, $8.7bn | 43 holders, $54.6bn |
US Bancorp
- Holders
- 25
- Reported value
- $7.7bn
- Buyers
- 10
- Sellers
- 17
Breadth -7 among 95 comparable managers.
JPMorgan Chase & Co
- Holders
- 38
- Reported value
- $59.8bn
- Buyers
- 23
- Sellers
- 16
Breadth +7 among 95 comparable managers.
Who holds both, Q2 2025
Both (14)
AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Brevan Howard Capital Management LP, ExodusPoint Capital Management LP, Fidelity (FMR LLC), Invesco Ltd, Janus Henderson Group Ltd, Millennium Management LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Two Sigma Investments LP, Viking Global Investors LP, Woodline Partners LP
Only USB (11)
Artisan Partners LP, Caxton Associates LLP, First Eagle Investment Management LLC, Marshall Wace LLP, Quantbot Technologies LP, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Squarepoint Ops LLC, Tudor Investment Corp, Verition Fund Management LLC, Walleye Capital LLC
Only JPM (24)
Acadian Asset Management LLC, Balyasny Asset Management LLC, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, Citadel Advisors LLC, D. E. Shaw & Co., Discovery Capital Management LLC, Dodge & Cox, Eisler Capital Management Ltd, GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Hudson Bay Capital Management LP, Jane Street Group LLC, Man Group PLC, Markel Group Inc, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, Rokos Capital Management LLP, Susquehanna International Group LLP, Wellington Management Group LLP, Winton Group Ltd
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.