Holders over time
- IFF
- HWM
| Quarter | IFF | HWM |
|---|---|---|
| Q3 2020 | 8 holders, $991m | 12 holders, $1.6bn |
| Q4 2020 | 5 holders, $929m | 21 holders, $3.0bn |
| Q1 2021 | 20 holders, $3.8bn | 18 holders, $3.2bn |
| Q2 2021 | 16 holders, $4.3bn | 19 holders, $3.8bn |
| Q3 2021 | 13 holders, $3.5bn | 18 holders, $3.4bn |
| Q4 2021 | 12 holders, $4.3bn | 15 holders, $3.7bn |
| Q1 2022 | 12 holders, $4.6bn | 12 holders, $3.6bn |
| Q2 2022 | 14 holders, $4.1bn | 15 holders, $3.2bn |
| Q3 2022 | 17 holders, $2.5bn | 20 holders, $3.1bn |
| Q4 2022 | 16 holders, $3.3bn | 19 holders, $4.4bn |
| Q1 2023 | 17 holders, $2.9bn | 23 holders, $4.7bn |
| Q2 2023 | 19 holders, $2.3bn | 25 holders, $5.2bn |
| Q3 2023 | 12 holders, $1.8bn | 26 holders, $4.3bn |
| Q4 2023 | 17 holders, $3.0bn | 22 holders, $5.0bn |
| Q1 2024 | 18 holders, $4.3bn | 22 holders, $6.1bn |
| Q2 2024 | 20 holders, $4.7bn | 23 holders, $7.1bn |
| Q3 2024 | 19 holders, $4.5bn | 25 holders, $8.7bn |
| Q4 2024 | 14 holders, $3.8bn | 21 holders, $9.0bn |
| Q1 2025 | 14 holders, $3.8bn | 23 holders, $10.0bn |
| Q2 2025 | 13 holders, $3.9bn | 22 holders, $13.2bn |
| Q3 2025 | 14 holders, $3.9bn | 23 holders, $13.4bn |
| Q4 2025 | 11 holders, $4.6bn | 26 holders, $13.6bn |
| Q1 2026 | 9 holders, $4.7bn | 35 holders, $15.6bn |
| Q2 2026 | 9 holders, $5.2bn | 37 holders, $17.3bn |
International Flavors&fragra
- Holders
- 14
- Reported value
- $3.9bn
- Buyers
- 12
- Sellers
- 1
Breadth +11 among 95 comparable managers.
Howmet Aerospace Inc
- Holders
- 23
- Reported value
- $13.4bn
- Buyers
- 14
- Sellers
- 9
Breadth +5 among 95 comparable managers.
Who holds both, Q3 2025
Both (8)
AQR Capital Management LLC, Capital Research Global Investors, Freestone Grove Partners LP, GAMCO Investors Inc, Invesco Ltd, MFS Investment Management, Squarepoint Ops LLC, Winton Group Ltd
Only IFF (6)
Arrowstreet Capital LP, Brevan Howard Capital Management LP, Carl C. Icahn, Dodge & Cox, First Eagle Investment Management LLC, Holocene Advisors LP
Only HWM (15)
AllianceBernstein LP, Artisan Partners LP, Bridgewater Associates LP, Capital World Investors, Caxton Associates LLP, Fidelity (FMR LLC), Janus Henderson Group Ltd, Man Group PLC, Millennium Management LLC, Neuberger Berman Group LLC, PDT Partners LLC, Renaissance Technologies LLC, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, Wellington Management Group LLP
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.