Holders over time
- AON
- AXP
| Quarter | AON | AXP |
|---|---|---|
| Q3 2020 | 26 holders, $10.9bn | 24 holders, $25.7bn |
| Q4 2020 | 30 holders, $10.7bn | 21 holders, $30.8bn |
| Q1 2021 | 32 holders, $12.0bn | 24 holders, $36.9bn |
| Q2 2021 | 34 holders, $13.2bn | 21 holders, $42.9bn |
| Q3 2021 | 27 holders, $13.3bn | 26 holders, $42.0bn |
| Q4 2021 | 31 holders, $14.0bn | 27 holders, $39.7bn |
| Q1 2022 | 23 holders, $15.7bn | 20 holders, $45.0bn |
| Q2 2022 | 32 holders, $12.5bn | 36 holders, $33.2bn |
| Q3 2022 | 24 holders, $11.7bn | 35 holders, $32.3bn |
| Q4 2022 | 27 holders, $12.4bn | 35 holders, $34.4bn |
| Q1 2023 | 23 holders, $12.4bn | 32 holders, $38.7bn |
| Q2 2023 | 17 holders, $13.8bn | 30 holders, $40.1bn |
| Q3 2023 | 21 holders, $12.3bn | 34 holders, $34.1bn |
| Q4 2023 | 24 holders, $10.0bn | 28 holders, $42.5bn |
| Q1 2024 | 23 holders, $11.2bn | 33 holders, $52.6bn |
| Q2 2024 | 21 holders, $11.0bn | 31 holders, $52.6bn |
| Q3 2024 | 25 holders, $13.5bn | 30 holders, $60.7bn |
| Q4 2024 | 24 holders, $14.1bn | 26 holders, $65.8bn |
| Q1 2025 | 24 holders, $15.9bn | 33 holders, $59.9bn |
| Q2 2025 | 24 holders, $15.0bn | 29 holders, $69.4bn |
| Q3 2025 | 30 holders, $16.0bn | 30 holders, $70.8bn |
| Q4 2025 | 25 holders, $16.1bn | 31 holders, $77.2bn |
| Q1 2026 | 23 holders, $14.0bn | 33 holders, $61.2bn |
| Q2 2026 | 24 holders, $15.0bn | 30 holders, $65.4bn |
Aon PLC
- Holders
- 30
- Reported value
- $16.0bn
- Buyers
- 17
- Sellers
- 12
Breadth +5 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 (18)
AllianceBernstein LP, Artisan Partners LP, Berkshire Hathaway Inc, Capital World Investors, Dodge & Cox, ExodusPoint Capital Management LP, Harris Associates LP, Hudson Bay Capital Management LP, Invesco Ltd, Janus Henderson Group Ltd, Markel Group Inc, MFS Investment Management, Millennium Management LLC, Neuberger Berman Group LLC, T. Rowe Price Associates Inc, Wellington Management Group LLP, Winton Group Ltd, Woodline Partners LP
Only AON (12)
Arrowstreet Capital LP, Balyasny Asset Management LLC, Citadel Advisors LLC, Farallon Capital Management LLC, Moore Capital Management LP, Point72 Asset Management LP, Polen Capital Management LLC, Quantbot Technologies LP, Schonfeld Strategic Advisors LLC, Two Sigma Investments LP, Verition Fund Management LLC, Viking Global Investors LP
Only AXP (12)
AQR Capital Management LLC, Brevan Howard Capital Management LP, Bridgewater Associates LP, Capital Research Global Investors, Caxton Associates LLP, Fidelity (FMR LLC), First Eagle Investment Management LLC, GAMCO Investors Inc, Man Group PLC, PDT Partners LLC, Ruane Cunniff & Goldfarb LP, Squarepoint Ops 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.