Holders over time
- DOW
- LIN
| Quarter | DOW | LIN |
|---|---|---|
| Q3 2020 | 13 holders, $4.1bn | none listed holders, n.a. |
| Q4 2020 | 18 holders, $5.0bn | none listed holders, n.a. |
| Q1 2021 | 16 holders, $5.3bn | none listed holders, n.a. |
| Q2 2021 | 11 holders, $4.7bn | none listed holders, n.a. |
| Q3 2021 | 14 holders, $3.7bn | none listed holders, n.a. |
| Q4 2021 | 15 holders, $3.2bn | none listed holders, n.a. |
| Q1 2022 | 16 holders, $3.4bn | none listed holders, n.a. |
| Q2 2022 | 18 holders, $2.2bn | none listed holders, n.a. |
| Q3 2022 | 12 holders, $1.6bn | none listed holders, n.a. |
| Q4 2022 | 13 holders, $1.8bn | none listed holders, n.a. |
| Q1 2023 | 12 holders, $1.5bn | 40 holders, $29.9bn |
| Q2 2023 | 12 holders, $1.3bn | 35 holders, $30.7bn |
| Q3 2023 | 16 holders, $1.4bn | 31 holders, $30.1bn |
| Q4 2023 | 9 holders, $1.1bn | 32 holders, $32.7bn |
| Q1 2024 | 11 holders, $1.2bn | 27 holders, $34.3bn |
| Q2 2024 | 8 holders, $956m | 28 holders, $30.5bn |
| Q3 2024 | 6 holders, $1.0bn | 23 holders, $32.2bn |
| Q4 2024 | 9 holders, $984m | 32 holders, $28.9bn |
| Q1 2025 | 9 holders, $1.2bn | 32 holders, $31.9bn |
| Q2 2025 | 8 holders, $1.1bn | 31 holders, $31.8bn |
| Q3 2025 | 12 holders, $679m | 28 holders, $31.5bn |
| Q4 2025 | 14 holders, $991m | 36 holders, $30.2bn |
| Q1 2026 | 19 holders, $2.9bn | 35 holders, $37.0bn |
| Q2 2026 | 19 holders, $2.3bn | 34 holders, $40.4bn |
Dow HLDGS Inc
- Holders
- 14
- Reported value
- $991m
- Buyers
- 19
- Sellers
- 15
Breadth +4 among 92 comparable managers.
Linde PLC
- Holders
- 36
- Reported value
- $30.2bn
- Buyers
- 26
- Sellers
- 16
Breadth +10 among 92 comparable managers.
Who holds both, Q4 2025
Both (11)
Capital Research Global Investors, D. E. Shaw & Co., Dodge & Cox, Holocene Advisors LP, Marshall Wace LLP, Neuberger Berman Group LLC, Renaissance Technologies LLC, Squarepoint Ops LLC, Two Sigma Investments LP, Voloridge Investment Management LLC, Woodline Partners LP
Only LIN (25)
AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Balyasny Asset Management LLC, Capital World Investors, Citadel Advisors LLC, D1 Capital Partners LP, Davidson Kempner Capital Management LP, ExodusPoint Capital Management LP, Fidelity (FMR LLC), Hudson Bay Capital Management LP, Invesco Ltd, Janus Henderson Group Ltd, Man Group PLC, Markel Group Inc, MFS Investment Management, Millennium Management LLC, Moore Capital Management LP, Point72 Asset Management LP, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, Tudor Investment Corp, Walleye Capital LLC, 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.