Holders over time
- V
- MA
| Quarter | V | MA |
|---|---|---|
| Q3 2020 | 55 holders, $62.2bn | 45 holders, $56.1bn |
| Q4 2020 | 52 holders, $67.1bn | 52 holders, $57.9bn |
| Q1 2021 | 58 holders, $64.5bn | 50 holders, $56.4bn |
| Q2 2021 | 52 holders, $69.3bn | 50 holders, $54.9bn |
| Q3 2021 | 56 holders, $63.6bn | 50 holders, $48.9bn |
| Q4 2021 | 47 holders, $58.0bn | 42 holders, $49.3bn |
| Q1 2022 | 59 holders, $61.8bn | 38 holders, $50.1bn |
| Q2 2022 | 57 holders, $55.2bn | 48 holders, $45.4bn |
| Q3 2022 | 57 holders, $50.7bn | 53 holders, $40.8bn |
| Q4 2022 | 54 holders, $59.4bn | 37 holders, $65.6bn |
| Q1 2023 | 55 holders, $64.0bn | 45 holders, $50.3bn |
| Q2 2023 | 54 holders, $65.2bn | 47 holders, $51.2bn |
| Q3 2023 | 55 holders, $61.5bn | 52 holders, $49.7bn |
| Q4 2023 | 48 holders, $68.6bn | 46 holders, $51.7bn |
| Q1 2024 | 50 holders, $73.1bn | 48 holders, $58.0bn |
| Q2 2024 | 45 holders, $69.5bn | 49 holders, $51.2bn |
| Q3 2024 | 47 holders, $70.5bn | 43 holders, $55.8bn |
| Q4 2024 | 48 holders, $77.6bn | 43 holders, $58.3bn |
| Q1 2025 | 43 holders, $83.5bn | 49 holders, $64.7bn |
| Q2 2025 | 45 holders, $83.4bn | 50 holders, $68.3bn |
| Q3 2025 | 48 holders, $82.8bn | 44 holders, $68.1bn |
| Q4 2025 | 49 holders, $86.0bn | 43 holders, $65.6bn |
| Q1 2026 | 49 holders, $73.3bn | 46 holders, $57.4bn |
| Q2 2026 | 52 holders, $81.9bn | 43 holders, $58.1bn |
Visa Inc
- Holders
- 49
- Reported value
- $86.0bn
- Buyers
- 29
- Sellers
- 26
Breadth +3 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 (37)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Berkshire Hathaway Inc, Bridgewater Associates LP, Capital Research Global Investors, Capital World Investors, D. E. Shaw & Co., Egerton Capital UK LLP, Farallon Capital Management LLC, Fidelity (FMR LLC), GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Invesco Ltd, Janus Henderson Group Ltd, Lone Pine Capital LLC, Man Group PLC, Markel Group Inc, MFS Investment Management, Millennium Management LLC, Moore Capital Management LP, Neuberger Berman Group LLC, Polen Capital Management LLC, Quantbot Technologies LP, Soroban Capital Partners LP, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Two Sigma Investments LP, Voloridge Investment Management LLC, Wellington Management Group LLP, Winton Group Ltd, Woodline Partners LP
Only V (12)
Balyasny Asset Management LLC, Citadel Advisors LLC, Dodge & Cox, Freestone Grove Partners LP, Marshall Wace LLP, Maverick Capital Ltd, Point72 Asset Management LP, Renaissance Technologies LLC, Steadfast Capital Management LP, TCI Fund Management Ltd, ValueAct Holdings LP, Viking Global Investors 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.