Holders over time
- VVV
- CNQ
| Quarter | VVV | CNQ |
|---|---|---|
| Q3 2020 | 7 holders, $401m | 10 holders, $3.6bn |
| Q4 2020 | 3 holders, $412m | 12 holders, $6.6bn |
| Q1 2021 | 5 holders, $175m | 16 holders, $9.4bn |
| Q2 2021 | 5 holders, $199m | 15 holders, $11.4bn |
| Q3 2021 | 5 holders, $230m | 16 holders, $11.6bn |
| Q4 2021 | 11 holders, $826m | 15 holders, $14.1bn |
| Q1 2022 | 11 holders, $806m | 17 holders, $23.2bn |
| Q2 2022 | 12 holders, $776m | 18 holders, $19.8bn |
| Q3 2022 | 9 holders, $842m | 20 holders, $15.6bn |
| Q4 2022 | 13 holders, $1.0bn | 16 holders, $19.0bn |
| Q1 2023 | 11 holders, $1.0bn | 14 holders, $18.3bn |
| Q2 2023 | 9 holders, $671m | 14 holders, $17.5bn |
| Q3 2023 | 7 holders, $563m | 15 holders, $20.0bn |
| Q4 2023 | 7 holders, $418m | 13 holders, $19.1bn |
| Q1 2024 | 8 holders, $422m | 19 holders, $22.3bn |
| Q2 2024 | 8 holders, $315m | 17 holders, $19.1bn |
| Q3 2024 | 11 holders, $314m | 20 holders, $17.1bn |
| Q4 2024 | 13 holders, $202m | 19 holders, $15.5bn |
| Q1 2025 | 11 holders, $162m | 22 holders, $13.9bn |
| Q2 2025 | 10 holders, $361m | 17 holders, $13.9bn |
| Q3 2025 | 11 holders, $444m | 13 holders, $13.9bn |
| Q4 2025 | 6 holders, $334m | 14 holders, $16.3bn |
| Q1 2026 | 10 holders, $459m | 13 holders, $25.7bn |
| Q2 2026 | 9 holders, $547m | 16 holders, $19.1bn |
Valvoline Inc
- Holders
- 11
- Reported value
- $444m
- Buyers
- 7
- Sellers
- 4
Breadth +3 among 95 comparable managers.
Canadian Nat Res LTD Med Ter
- Holders
- 13
- Reported value
- $13.9bn
- Buyers
- 5
- Sellers
- 8
Breadth -3 among 95 comparable managers.
Who holds both, Q3 2025
Only VVV (9)
Discovery Capital Management LLC, ExodusPoint Capital Management LP, Freestone Grove Partners LP, GAMCO Investors Inc, Holocene Advisors LP, Marshall Wace LLP, Maverick Capital Ltd, Neuberger Berman Group LLC, Verition Fund Management LLC
Only CNQ (11)
Arrowstreet Capital LP, Capital Research Global Investors, Capital World Investors, Fidelity (FMR LLC), MFS Investment Management, PDT Partners LLC, Quantbot Technologies LP, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Two Sigma Investments LP, Voloridge Investment 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.