Holders over time
- CRCL
- AXP
| Quarter | CRCL | AXP |
|---|---|---|
| Q3 2020 | none listed holders, n.a. | 24 holders, $25.7bn |
| Q4 2020 | none listed holders, n.a. | 21 holders, $30.8bn |
| Q1 2021 | none listed holders, n.a. | 24 holders, $36.9bn |
| Q2 2021 | none listed holders, n.a. | 21 holders, $42.9bn |
| Q3 2021 | none listed holders, n.a. | 26 holders, $42.0bn |
| Q4 2021 | none listed holders, n.a. | 27 holders, $39.7bn |
| Q1 2022 | none listed holders, n.a. | 20 holders, $45.0bn |
| Q2 2022 | none listed holders, n.a. | 36 holders, $33.2bn |
| Q3 2022 | none listed holders, n.a. | 35 holders, $32.3bn |
| Q4 2022 | none listed holders, n.a. | 35 holders, $34.4bn |
| Q1 2023 | none listed holders, n.a. | 32 holders, $38.7bn |
| Q2 2023 | none listed holders, n.a. | 30 holders, $40.1bn |
| Q3 2023 | none listed holders, n.a. | 34 holders, $34.1bn |
| Q4 2023 | none listed holders, n.a. | 28 holders, $42.5bn |
| Q1 2024 | none listed holders, n.a. | 33 holders, $52.6bn |
| Q2 2024 | none listed holders, n.a. | 31 holders, $52.6bn |
| Q3 2024 | none listed holders, n.a. | 30 holders, $60.7bn |
| Q4 2024 | none listed holders, n.a. | 26 holders, $65.8bn |
| Q1 2025 | none listed holders, n.a. | 33 holders, $59.9bn |
| Q2 2025 | 16 holders, $5.1bn | 29 holders, $69.4bn |
| Q3 2025 | 9 holders, $3.7bn | 30 holders, $70.8bn |
| Q4 2025 | 14 holders, $1.6bn | 31 holders, $77.2bn |
| Q1 2026 | 11 holders, $1.7bn | 33 holders, $61.2bn |
| Q2 2026 | 9 holders, $777m | 30 holders, $65.4bn |
Circle Internet Group Inc
- Holders
- 14
- Reported value
- $1.6bn
- Buyers
- 29
- Sellers
- 8
Breadth +21 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
Only CRCL (11)
ARK Investment Management LLC, Baillie Gifford & Co, Freestone Grove Partners LP, Marshall Wace LLP, Quantbot Technologies LP, Renaissance Technologies LLC, Soros Fund Management LLC, Tiger Global Management LLC, Two Sigma Advisers LP, Two Sigma Investments LP, Voloridge Investment Management LLC
Only AXP (28)
AllianceBernstein LP, AQR Capital Management LLC, Artisan Partners LP, Balyasny Asset Management LLC, Berkshire Hathaway Inc, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, Dodge & Cox, Element Capital Management LLC, ExodusPoint Capital Management LP, Fidelity (FMR LLC), First Eagle Investment Management LLC, GAMCO Investors Inc, Harris Associates LP, Invesco Ltd, Janus Henderson Group Ltd, Man Group PLC, Markel Group Inc, MFS Investment Management, Neuberger Berman Group LLC, Ruane Cunniff & Goldfarb LP, Squarepoint Ops LLC, T. Rowe Price Associates Inc, and 3 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.