Holders over time
- TRGP
- CVX
| Quarter | TRGP | CVX |
|---|---|---|
| Q3 2020 | 13 holders, $271m | 18 holders, $9.3bn |
| Q4 2020 | 16 holders, $861m | 27 holders, $12.0bn |
| Q1 2021 | 15 holders, $801m | 22 holders, $12.8bn |
| Q2 2021 | 13 holders, $739m | 25 holders, $12.5bn |
| Q3 2021 | 13 holders, $839m | 25 holders, $12.4bn |
| Q4 2021 | 12 holders, $833m | 24 holders, $14.6bn |
| Q1 2022 | 16 holders, $1.7bn | 25 holders, $39.6bn |
| Q2 2022 | 13 holders, $1.3bn | 25 holders, $35.6bn |
| Q3 2022 | 14 holders, $1.4bn | 33 holders, $37.1bn |
| Q4 2022 | 12 holders, $1.9bn | 33 holders, $45.2bn |
| Q1 2023 | 15 holders, $2.2bn | 32 holders, $36.7bn |
| Q2 2023 | 15 holders, $2.1bn | 32 holders, $34.1bn |
| Q3 2023 | 17 holders, $2.5bn | 31 holders, $33.6bn |
| Q4 2023 | 13 holders, $2.0bn | 29 holders, $32.3bn |
| Q1 2024 | 14 holders, $3.4bn | 24 holders, $31.7bn |
| Q2 2024 | 17 holders, $4.0bn | 30 holders, $31.2bn |
| Q3 2024 | 20 holders, $4.7bn | 28 holders, $28.5bn |
| Q4 2024 | 25 holders, $5.9bn | 28 holders, $28.4bn |
| Q1 2025 | 22 holders, $6.4bn | 26 holders, $32.6bn |
| Q2 2025 | 19 holders, $6.1bn | 27 holders, $28.7bn |
| Q3 2025 | 16 holders, $6.7bn | 33 holders, $34.2bn |
| Q4 2025 | 15 holders, $7.9bn | 33 holders, $34.8bn |
| Q1 2026 | 14 holders, $9.8bn | 40 holders, $40.1bn |
| Q2 2026 | 16 holders, $10.4bn | 37 holders, $32.6bn |
Targa Res Corp
- Holders
- 15
- Reported value
- $7.9bn
- Buyers
- 14
- Sellers
- 21
Breadth -7 among 92 comparable managers.
Chevron Corporation
- Holders
- 33
- Reported value
- $34.8bn
- Buyers
- 21
- Sellers
- 22
Breadth -1 among 92 comparable managers.
Who holds both, Q4 2025
Both (9)
Balyasny Asset Management LLC, Harris Associates LP, Invesco Ltd, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, T. Rowe Price Associates Inc, Verition Fund Management LLC, Wellington Management Group LLP
Only TRGP (6)
Bridgewater Associates LP, D. E. Shaw & Co., ExodusPoint Capital Management LP, First Eagle Investment Management LLC, Freestone Grove Partners LP, Point72 Asset Management LP
Only CVX (24)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Berkshire Hathaway Inc, Capital Research Global Investors, Capital World Investors, Citadel Advisors LLC, Dodge & Cox, Fidelity (FMR LLC), GAMCO Investors Inc, Holocene Advisors LP, Jane Street Group LLC, Janus Henderson Group Ltd, Man Group PLC, Marshall Wace LLP, Millennium Management LLC, PDT Partners LLC, Quantbot Technologies LP, Renaissance Technologies LLC, Rokos Capital Management LLP, Squarepoint Ops LLC, Tudor Investment Corp, Walleye Capital LLC, Woodline Partners LP
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.