Holders over time
- TCOM
- MA
| Quarter | TCOM | MA |
|---|---|---|
| Q3 2020 | 16 holders, $3.0bn | 45 holders, $56.1bn |
| Q4 2020 | 12 holders, $2.9bn | 52 holders, $57.9bn |
| Q1 2021 | 13 holders, $2.3bn | 50 holders, $56.4bn |
| Q2 2021 | 14 holders, $2.3bn | 50 holders, $54.9bn |
| Q3 2021 | 10 holders, $1.9bn | 50 holders, $48.9bn |
| Q4 2021 | 11 holders, $1.3bn | 42 holders, $49.3bn |
| Q1 2022 | 9 holders, $913m | 38 holders, $50.1bn |
| Q2 2022 | 12 holders, $842m | 48 holders, $45.4bn |
| Q3 2022 | 12 holders, $1.1bn | 53 holders, $40.8bn |
| Q4 2022 | 13 holders, $1.2bn | 37 holders, $65.6bn |
| Q1 2023 | 12 holders, $1.3bn | 45 holders, $50.3bn |
| Q2 2023 | 12 holders, $2.0bn | 47 holders, $51.2bn |
| Q3 2023 | 13 holders, $2.1bn | 52 holders, $49.7bn |
| Q4 2023 | 11 holders, $1.8bn | 46 holders, $51.7bn |
| Q1 2024 | 10 holders, $2.5bn | 48 holders, $58.0bn |
| Q2 2024 | 13 holders, $2.8bn | 49 holders, $51.2bn |
| Q3 2024 | 18 holders, $4.9bn | 43 holders, $55.8bn |
| Q4 2024 | 15 holders, $5.9bn | 43 holders, $58.3bn |
| Q1 2025 | 14 holders, $5.3bn | 49 holders, $64.7bn |
| Q2 2025 | 10 holders, $3.0bn | 50 holders, $68.3bn |
| Q3 2025 | 11 holders, $4.1bn | 44 holders, $68.1bn |
| Q4 2025 | 9 holders, $3.3bn | 43 holders, $65.6bn |
| Q1 2026 | 9 holders, $2.2bn | 46 holders, $57.4bn |
| Q2 2026 | 6 holders, $1.7bn | 43 holders, $58.1bn |
Trip Com Group LTD
- Holders
- 9
- Reported value
- $3.3bn
- Buyers
- 15
- Sellers
- 14
Breadth +1 among 92 comparable managers.
Mastercard Incorporated
- Holders
- 43
- Reported value
- $65.6bn
- Buyers
- 19
- Sellers
- 30
Breadth -11 among 92 comparable managers.
Who holds both, Q4 2025
Both (6)
Capital World Investors, Janus Henderson Group Ltd, Man Group PLC, Two Sigma Advisers LP, Voloridge Investment Management LLC, Wellington Management Group LLP
Only TCOM (3)
Only MA (37)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Bridgewater Associates LP, Capital Research Global Investors, D. E. Shaw & Co., Davidson Kempner Capital Management LP, Egerton Capital UK LLP, Farallon Capital Management LLC, Fidelity (FMR LLC), GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Hudson Bay Capital Management LP, Invesco Ltd, Lone Pine Capital LLC, Markel Group Inc, MFS Investment Management, Millennium Management LLC, and 12 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.