Holders over time
- ECL
- COST
| Quarter | ECL | COST |
|---|---|---|
| Q3 2020 | 21 holders, $2.4bn | 32 holders, $15.4bn |
| Q4 2020 | 13 holders, $2.4bn | 30 holders, $15.3bn |
| Q1 2021 | 15 holders, $2.4bn | 29 holders, $13.4bn |
| Q2 2021 | 21 holders, $2.8bn | 25 holders, $15.5bn |
| Q3 2021 | 14 holders, $2.7bn | 25 holders, $16.9bn |
| Q4 2021 | 15 holders, $3.5bn | 27 holders, $20.5bn |
| Q1 2022 | 18 holders, $3.3bn | 32 holders, $19.9bn |
| Q2 2022 | 17 holders, $2.9bn | 30 holders, $15.8bn |
| Q3 2022 | 16 holders, $2.6bn | 33 holders, $16.0bn |
| Q4 2022 | 18 holders, $3.0bn | 33 holders, $32.7bn |
| Q1 2023 | 18 holders, $3.5bn | 29 holders, $14.9bn |
| Q2 2023 | 18 holders, $3.5bn | 37 holders, $16.0bn |
| Q3 2023 | 17 holders, $2.9bn | 30 holders, $16.8bn |
| Q4 2023 | 17 holders, $2.9bn | 26 holders, $20.1bn |
| Q1 2024 | 22 holders, $4.2bn | 29 holders, $21.5bn |
| Q2 2024 | 20 holders, $4.7bn | 31 holders, $24.7bn |
| Q3 2024 | 24 holders, $4.9bn | 28 holders, $24.7bn |
| Q4 2024 | 23 holders, $4.4bn | 34 holders, $26.0bn |
| Q1 2025 | 29 holders, $4.9bn | 35 holders, $28.2bn |
| Q2 2025 | 25 holders, $5.1bn | 36 holders, $29.4bn |
| Q3 2025 | 25 holders, $5.0bn | 35 holders, $26.7bn |
| Q4 2025 | 23 holders, $4.6bn | 40 holders, $34.6bn |
| Q1 2026 | 24 holders, $4.5bn | 40 holders, $36.1bn |
| Q2 2026 | 23 holders, $4.1bn | 38 holders, $35.5bn |
Ecolab Inc
- Holders
- 25
- Reported value
- $5.0bn
- Buyers
- 14
- Sellers
- 10
Breadth +4 among 95 comparable managers.
Costco Wholesale Corporation
- Holders
- 35
- Reported value
- $26.7bn
- Buyers
- 21
- Sellers
- 13
Breadth +8 among 95 comparable managers.
Who holds both, Q3 2025
Both (19)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Bridgewater Associates LP, Capital Research Global Investors, Fidelity (FMR LLC), GAMCO Investors Inc, Hudson Bay Capital Management LP, Invesco Ltd, Janus Henderson Group Ltd, Man Group PLC, Markel Group Inc, Neuberger Berman Group LLC, PDT Partners LLC, T. Rowe Price Associates Inc, Two Sigma Investments LP, Wellington Management Group LLP, Woodline Partners LP
Only ECL (6)
Baillie Gifford & Co, Balyasny Asset Management LLC, Brevan Howard Capital Management LP, Freestone Grove Partners LP, Holocene Advisors LP, Moore Capital Management LP
Only COST (16)
Capital World Investors, Citadel Advisors LLC, D. E. Shaw & Co., Eisler Capital Management Ltd, Harris Associates LP, Jane Street Group LLC, Marshall Wace LLP, MFS Investment Management, Millennium Management LLC, Squarepoint Ops LLC, Steadfast Capital Management LP, Susquehanna International Group LLP, Two Sigma Advisers LP, Verition Fund Management LLC, Voloridge Investment Management LLC, 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.