Holders over time
- USB
- WFC
| Quarter | USB | WFC |
|---|---|---|
| Q3 2020 | 22 holders, $8.2bn | 34 holders, $15.9bn |
| Q4 2020 | 23 holders, $10.7bn | 33 holders, $19.5bn |
| Q1 2021 | 17 holders, $11.2bn | 31 holders, $23.4bn |
| Q2 2021 | 16 holders, $11.1bn | 33 holders, $28.0bn |
| Q3 2021 | 17 holders, $11.5bn | 28 holders, $27.7bn |
| Q4 2021 | 16 holders, $10.6bn | 32 holders, $28.6bn |
| Q1 2022 | 16 holders, $9.9bn | 37 holders, $28.8bn |
| Q2 2022 | 22 holders, $8.5bn | 32 holders, $24.1bn |
| Q3 2022 | 28 holders, $6.5bn | 28 holders, $25.5bn |
| Q4 2022 | 28 holders, $5.7bn | 33 holders, $25.2bn |
| Q1 2023 | 23 holders, $4.6bn | 34 holders, $21.5bn |
| Q2 2023 | 22 holders, $4.0bn | 29 holders, $23.4bn |
| Q3 2023 | 12 holders, $3.1bn | 30 holders, $22.9bn |
| Q4 2023 | 11 holders, $4.5bn | 32 holders, $27.2bn |
| Q1 2024 | 15 holders, $5.2bn | 27 holders, $33.6bn |
| Q2 2024 | 18 holders, $5.1bn | 37 holders, $34.1bn |
| Q3 2024 | 20 holders, $6.9bn | 35 holders, $32.0bn |
| Q4 2024 | 18 holders, $7.0bn | 42 holders, $38.9bn |
| Q1 2025 | 30 holders, $7.7bn | 39 holders, $38.2bn |
| Q2 2025 | 25 holders, $7.7bn | 33 holders, $41.6bn |
| Q3 2025 | 23 holders, $7.5bn | 29 holders, $41.5bn |
| Q4 2025 | 21 holders, $8.0bn | 29 holders, $43.6bn |
| Q1 2026 | 20 holders, $7.7bn | 34 holders, $36.8bn |
| Q2 2026 | 21 holders, $8.7bn | 41 holders, $38.2bn |
US Bancorp
- Holders
- 25
- Reported value
- $7.7bn
- Buyers
- 10
- Sellers
- 17
Breadth -7 among 95 comparable managers.
Wells Fargo & Co
- Holders
- 33
- Reported value
- $41.6bn
- Buyers
- 18
- Sellers
- 17
Breadth +1 among 95 comparable managers.
Who holds both, Q2 2025
Both (16)
AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Brevan Howard Capital Management LP, ExodusPoint Capital Management LP, Fidelity (FMR LLC), Invesco Ltd, Janus Henderson Group Ltd, Marshall Wace LLP, Millennium Management LLC, Quantbot Technologies LP, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Woodline Partners LP
Only USB (9)
Caxton Associates LLP, First Eagle Investment Management LLC, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, Tudor Investment Corp, Two Sigma Investments LP, Verition Fund Management LLC, Viking Global Investors LP, Walleye Capital LLC
Only WFC (17)
Balyasny Asset Management LLC, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, D. E. Shaw & Co., Dodge & Cox, Eisler Capital Management Ltd, GAMCO Investors Inc, Harris Associates LP, Hudson Bay Capital Management LP, Jane Street Group LLC, Man Group PLC, Markel Group Inc, MFS Investment Management, Neuberger Berman Group LLC, 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.