Holders over time
- TRU
- MA
| Quarter | TRU | MA |
|---|---|---|
| Q3 2020 | 21 holders, $5.0bn | 45 holders, $56.1bn |
| Q4 2020 | 18 holders, $5.1bn | 52 holders, $57.9bn |
| Q1 2021 | 17 holders, $4.9bn | 50 holders, $56.4bn |
| Q2 2021 | 18 holders, $5.9bn | 50 holders, $54.9bn |
| Q3 2021 | 21 holders, $6.1bn | 50 holders, $48.9bn |
| Q4 2021 | 18 holders, $6.8bn | 42 holders, $49.3bn |
| Q1 2022 | 17 holders, $6.0bn | 38 holders, $50.1bn |
| Q2 2022 | 13 holders, $4.9bn | 48 holders, $45.4bn |
| Q3 2022 | 16 holders, $2.3bn | 53 holders, $40.8bn |
| Q4 2022 | 16 holders, $2.6bn | 37 holders, $65.6bn |
| Q1 2023 | 14 holders, $2.3bn | 45 holders, $50.3bn |
| Q2 2023 | 15 holders, $3.5bn | 47 holders, $51.2bn |
| Q3 2023 | 14 holders, $3.1bn | 52 holders, $49.7bn |
| Q4 2023 | 13 holders, $2.4bn | 46 holders, $51.7bn |
| Q1 2024 | 15 holders, $3.5bn | 48 holders, $58.0bn |
| Q2 2024 | 17 holders, $3.3bn | 49 holders, $51.2bn |
| Q3 2024 | 21 holders, $5.5bn | 43 holders, $55.8bn |
| Q4 2024 | 24 holders, $4.8bn | 43 holders, $58.3bn |
| Q1 2025 | 20 holders, $4.3bn | 49 holders, $64.7bn |
| Q2 2025 | 17 holders, $4.5bn | 50 holders, $68.3bn |
| Q3 2025 | 13 holders, $3.7bn | 44 holders, $68.1bn |
| Q4 2025 | 13 holders, $3.8bn | 43 holders, $65.6bn |
| Q1 2026 | 13 holders, $4.9bn | 46 holders, $57.4bn |
| Q2 2026 | 13 holders, $5.4bn | 43 holders, $58.1bn |
Transunion
- Holders
- 13
- Reported value
- $3.8bn
- Buyers
- 18
- Sellers
- 19
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 (10)
Bridgewater Associates LP, Farallon Capital Management LLC, Holocene Advisors LP, Janus Henderson Group Ltd, Markel Group Inc, MFS Investment Management, Neuberger Berman Group LLC, Schonfeld Strategic Advisors LLC, Squarepoint Ops LLC, Wellington Management Group LLP
Only TRU (3)
Only MA (33)
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, Capital Research Global Investors, Capital World Investors, D. E. Shaw & Co., Davidson Kempner Capital Management LP, Egerton Capital UK LLP, Fidelity (FMR LLC), GAMCO Investors Inc, Harris Associates LP, Hudson Bay Capital Management LP, Invesco Ltd, Lone Pine Capital LLC, Man Group PLC, Millennium Management LLC, Moore Capital Management LP, Polen Capital Management LLC, Quantbot Technologies LP, and 8 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.