Holders over time
- AJG
- AXP
| Quarter | AJG | AXP |
|---|---|---|
| Q3 2020 | 15 holders, $2.2bn | 24 holders, $25.7bn |
| Q4 2020 | 7 holders, $3.5bn | 21 holders, $30.8bn |
| Q1 2021 | 11 holders, $3.7bn | 24 holders, $36.9bn |
| Q2 2021 | 16 holders, $4.5bn | 21 holders, $42.9bn |
| Q3 2021 | 19 holders, $4.8bn | 26 holders, $42.0bn |
| Q4 2021 | 18 holders, $5.3bn | 27 holders, $39.7bn |
| Q1 2022 | 17 holders, $5.1bn | 20 holders, $45.0bn |
| Q2 2022 | 10 holders, $4.9bn | 36 holders, $33.2bn |
| Q3 2022 | 16 holders, $5.2bn | 35 holders, $32.3bn |
| Q4 2022 | 17 holders, $5.8bn | 35 holders, $34.4bn |
| Q1 2023 | 17 holders, $5.6bn | 32 holders, $38.7bn |
| Q2 2023 | 14 holders, $6.1bn | 30 holders, $40.1bn |
| Q3 2023 | 14 holders, $6.7bn | 34 holders, $34.1bn |
| Q4 2023 | 12 holders, $6.2bn | 28 holders, $42.5bn |
| Q1 2024 | 14 holders, $6.7bn | 33 holders, $52.6bn |
| Q2 2024 | 12 holders, $7.5bn | 31 holders, $52.6bn |
| Q3 2024 | 14 holders, $8.3bn | 30 holders, $60.7bn |
| Q4 2024 | 33 holders, $12.4bn | 26 holders, $65.8bn |
| Q1 2025 | 21 holders, $14.2bn | 33 holders, $59.9bn |
| Q2 2025 | 22 holders, $13.2bn | 29 holders, $69.4bn |
| Q3 2025 | 16 holders, $11.5bn | 30 holders, $70.8bn |
| Q4 2025 | 14 holders, $10.4bn | 31 holders, $77.2bn |
| Q1 2026 | 17 holders, $10.7bn | 33 holders, $61.2bn |
| Q2 2026 | 16 holders, $11.6bn | 30 holders, $65.4bn |
Gallagher Arthur J & Co
- Holders
- 16
- Reported value
- $11.5bn
- Buyers
- 6
- Sellers
- 12
Breadth -6 among 95 comparable managers.
American Express Co
- Holders
- 30
- Reported value
- $70.8bn
- Buyers
- 11
- Sellers
- 16
Breadth -5 among 95 comparable managers.
Who holds both, Q3 2025
Both (10)
AllianceBernstein LP, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, Fidelity (FMR LLC), GAMCO Investors Inc, Invesco Ltd, Janus Henderson Group Ltd, MFS Investment Management, Wellington Management Group LLP
Only AJG (6)
Baillie Gifford & Co, Balyasny Asset Management LLC, Freestone Grove Partners LP, Marshall Wace LLP, Moore Capital Management LP, Renaissance Technologies LLC
Only AXP (20)
AQR Capital Management LLC, Artisan Partners LP, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Caxton Associates LLP, Dodge & Cox, ExodusPoint Capital Management LP, First Eagle Investment Management LLC, Harris Associates LP, Hudson Bay Capital Management LP, Man Group PLC, Markel Group Inc, Millennium Management LLC, Neuberger Berman Group LLC, PDT Partners LLC, Ruane Cunniff & Goldfarb LP, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Winton Group Ltd, Woodline Partners LP
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.