Holders over time
- ELF
- PM
| Quarter | ELF | PM |
|---|---|---|
| Q3 2020 | 4 holders, $51m | 25 holders, $19.7bn |
| Q4 2020 | 7 holders, $109m | 25 holders, $21.5bn |
| Q1 2021 | 4 holders, $26m | 27 holders, $22.1bn |
| Q2 2021 | 3 holders, $12m | 20 holders, $23.2bn |
| Q3 2021 | 3 holders, $9.7m | 25 holders, $22.8bn |
| Q4 2021 | 3 holders, $11m | 26 holders, $22.3bn |
| Q1 2022 | 2 holders, $5.5m | 29 holders, $23.2bn |
| Q2 2022 | 2 holders, $38m | 28 holders, $25.8bn |
| Q3 2022 | 6 holders, $89m | 33 holders, $22.2bn |
| Q4 2022 | 7 holders, $153m | 26 holders, $27.0bn |
| Q1 2023 | 16 holders, $444m | 36 holders, $27.6bn |
| Q2 2023 | 13 holders, $705m | 29 holders, $28.9bn |
| Q3 2023 | 11 holders, $882m | 32 holders, $28.5bn |
| Q4 2023 | 12 holders, $1.3bn | 34 holders, $28.8bn |
| Q1 2024 | 11 holders, $1.6bn | 36 holders, $28.4bn |
| Q2 2024 | 15 holders, $2.4bn | 31 holders, $31.4bn |
| Q3 2024 | 14 holders, $981m | 39 holders, $38.2bn |
| Q4 2024 | 13 holders, $1.5bn | 40 holders, $36.6bn |
| Q1 2025 | 8 holders, $584m | 44 holders, $49.1bn |
| Q2 2025 | 13 holders, $1.5bn | 44 holders, $54.3bn |
| Q3 2025 | 13 holders, $1.5bn | 36 holders, $49.3bn |
| Q4 2025 | 6 holders, $778m | 26 holders, $50.5bn |
| Q1 2026 | 7 holders, $580m | 25 holders, $57.3bn |
| Q2 2026 | 8 holders, $775m | 27 holders, $63.8bn |
E L F Beauty Inc
- Holders
- 13
- Reported value
- $1.5bn
- Buyers
- 10
- Sellers
- 3
Breadth +7 among 95 comparable managers.
Philip Morris Intl Inc
- Holders
- 36
- Reported value
- $49.3bn
- Buyers
- 20
- Sellers
- 15
Breadth +5 among 95 comparable managers.
Who holds both, Q3 2025
Both (7)
Baillie Gifford & Co, Capital Research Global Investors, Capital World Investors, Maverick Capital Ltd, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Woodline Partners LP
Only ELF (6)
Balyasny Asset Management LLC, Caxton Associates LLP, Davidson Kempner Capital Management LP, Freestone Grove Partners LP, PDT Partners LLC, Polen Capital Management LLC
Only PM (29)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Brevan Howard Capital Management LP, Bridgewater Associates LP, D. E. Shaw & Co., D1 Capital Partners LP, Dodge & Cox, Eisler Capital Management Ltd, Fidelity (FMR LLC), First Eagle Investment Management LLC, Harris Associates LP, Invesco Ltd, Janus Henderson Group Ltd, Lone Pine Capital LLC, Man Group PLC, Markel Group Inc, MFS Investment Management, Millennium Management LLC, Neuberger Berman Group LLC, Quantbot Technologies LP, Tudor Investment Corp, Viking Global Investors LP, and 4 more
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.