Holders over time
- AJG
- AXP
| Quarter | AJG | AXP |
|---|---|---|
| Q3 2020 | 15 holders, $2.2bn | 24 holders, $25.7bn |
| Q4 2020 | 7 holders, $3.5bn | 21 holders, $30.8bn |
| Q1 2021 | 11 holders, $3.7bn | 24 holders, $36.9bn |
| Q2 2021 | 16 holders, $4.5bn | 21 holders, $42.9bn |
| Q3 2021 | 19 holders, $4.8bn | 26 holders, $42.0bn |
| Q4 2021 | 18 holders, $5.3bn | 27 holders, $39.7bn |
| Q1 2022 | 17 holders, $5.1bn | 20 holders, $45.0bn |
| Q2 2022 | 10 holders, $4.9bn | 36 holders, $33.2bn |
| Q3 2022 | 16 holders, $5.2bn | 35 holders, $32.3bn |
| Q4 2022 | 17 holders, $5.8bn | 35 holders, $34.4bn |
| Q1 2023 | 17 holders, $5.6bn | 32 holders, $38.7bn |
| Q2 2023 | 14 holders, $6.1bn | 30 holders, $40.1bn |
| Q3 2023 | 14 holders, $6.7bn | 34 holders, $34.1bn |
| Q4 2023 | 12 holders, $6.2bn | 28 holders, $42.5bn |
| Q1 2024 | 14 holders, $6.7bn | 33 holders, $52.6bn |
| Q2 2024 | 12 holders, $7.5bn | 31 holders, $52.6bn |
| Q3 2024 | 14 holders, $8.3bn | 30 holders, $60.7bn |
| Q4 2024 | 33 holders, $12.4bn | 26 holders, $65.8bn |
| Q1 2025 | 21 holders, $14.2bn | 33 holders, $59.9bn |
| Q2 2025 | 22 holders, $13.2bn | 29 holders, $69.4bn |
| Q3 2025 | 16 holders, $11.5bn | 30 holders, $70.8bn |
| Q4 2025 | 14 holders, $10.4bn | 31 holders, $77.2bn |
| Q1 2026 | 17 holders, $10.7bn | 33 holders, $61.2bn |
| Q2 2026 | 16 holders, $11.6bn | 30 holders, $65.4bn |
Gallagher Arthur J & Co
- Holders
- 14
- Reported value
- $10.4bn
- Buyers
- 20
- Sellers
- 17
Breadth +3 among 92 comparable managers.
American Express Co
- Holders
- 31
- Reported value
- $77.2bn
- Buyers
- 17
- Sellers
- 22
Breadth -5 among 92 comparable managers.
Who holds both, Q4 2025
Both (10)
AllianceBernstein LP, Artisan Partners LP, Capital Research Global Investors, Capital World Investors, Dodge & Cox, Fidelity (FMR LLC), Invesco Ltd, Janus Henderson Group Ltd, Wellington Management Group LLP, Woodline Partners LP
Only AJG (4)
Baillie Gifford & Co, Freestone Grove Partners LP, Schonfeld Strategic Advisors LLC, Viking Global Investors LP
Only AXP (21)
AQR Capital Management LLC, Balyasny Asset Management LLC, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Bridgewater Associates LP, Caxton Associates LLP, Element Capital Management LLC, ExodusPoint Capital Management LP, First Eagle Investment Management LLC, GAMCO Investors Inc, Harris Associates LP, Hudson Bay Capital Management LP, Man Group PLC, Markel Group Inc, MFS Investment Management, Neuberger Berman Group LLC, PDT Partners LLC, Ruane Cunniff & Goldfarb LP, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Walleye Capital 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.