Holders over time
- CRM
- MSFT
| Quarter | CRM | MSFT |
|---|---|---|
| Q3 2020 | 38 holders, $48.3bn | 63 holders, $218bn |
| Q4 2020 | 35 holders, $41.8bn | 66 holders, $228bn |
| Q1 2021 | 37 holders, $36.8bn | 65 holders, $241bn |
| Q2 2021 | 41 holders, $43.4bn | 62 holders, $273bn |
| Q3 2021 | 42 holders, $47.4bn | 64 holders, $283bn |
| Q4 2021 | 38 holders, $41.9bn | 65 holders, $336bn |
| Q1 2022 | 35 holders, $32.7bn | 63 holders, $297bn |
| Q2 2022 | 38 holders, $25.7bn | 67 holders, $245bn |
| Q3 2022 | 42 holders, $20.6bn | 68 holders, $216bn |
| Q4 2022 | 46 holders, $22.9bn | 62 holders, $217bn |
| Q1 2023 | 47 holders, $30.1bn | 65 holders, $254bn |
| Q2 2023 | 44 holders, $30.0bn | 69 holders, $304bn |
| Q3 2023 | 48 holders, $28.7bn | 71 holders, $281bn |
| Q4 2023 | 51 holders, $36.8bn | 66 holders, $333bn |
| Q1 2024 | 52 holders, $41.9bn | 68 holders, $361bn |
| Q2 2024 | 41 holders, $33.9bn | 67 holders, $374bn |
| Q3 2024 | 38 holders, $32.5bn | 69 holders, $356bn |
| Q4 2024 | 53 holders, $40.1bn | 70 holders, $338bn |
| Q1 2025 | 52 holders, $28.7bn | 67 holders, $294bn |
| Q2 2025 | 47 holders, $26.1bn | 65 holders, $401bn |
| Q3 2025 | 48 holders, $23.6bn | 70 holders, $427bn |
| Q4 2025 | 40 holders, $26.0bn | 68 holders, $411bn |
| Q1 2026 | 34 holders, $20.5bn | 64 holders, $312bn |
| Q2 2026 | 31 holders, $16.2bn | 60 holders, $291bn |
Salesforce Inc
- Holders
- 48
- Reported value
- $23.6bn
- Buyers
- 23
- Sellers
- 25
Breadth -2 among 95 comparable managers.
Microsoft Corp
- Holders
- 70
- Reported value
- $427bn
- Buyers
- 44
- Sellers
- 24
Breadth +20 among 95 comparable managers.
Who holds both, Q3 2025
Both (45)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, ARK Investment Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Brevan Howard Capital Management LP, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., Davidson Kempner Capital Management LP, Eisler Capital Management Ltd, ExodusPoint Capital Management LP, Farallon Capital Management LLC, Fidelity (FMR LLC), First Eagle Investment Management LLC, Freestone Grove Partners LP, Harris Associates LP, Invesco Ltd, Jane Street Group LLC, Man Group PLC, Marshall Wace LLP, MFS Investment Management, Millennium Management LLC, Neuberger Berman Group LLC, Polen Capital Management LLC, Quantbot Technologies LP, Renaissance Technologies LLC, Rokos Capital Management LLP, Schonfeld Strategic Advisors LLC, Soros Fund Management LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Tudor Investment Corp, Two Sigma Advisers LP, Two Sigma Investments LP, Verition Fund Management LLC, and 5 more
Only MSFT (25)
Altimeter Capital Management LP, Appaloosa LP, Balyasny Asset Management LLC, Citadel Advisors LLC, Coatue Management LLC, Dodge & Cox, Egerton Capital UK LLP, GAMCO Investors Inc, Holocene Advisors LP, Hudson Bay Capital Management LP, Janus Henderson Group Ltd, Lone Pine Capital LLC, Markel Group Inc, Maverick Capital Ltd, Moore Capital Management LP, Point72 Asset Management LP, Ruane Cunniff & Goldfarb LP, Soroban Capital Partners LP, Steadfast Capital Management LP, Susquehanna International Group LLP, TCI Fund Management Ltd, Third Point LLC, Tiger Global Management LLC, Viking Global Investors LP, Whale Rock Capital Management 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.