Holders over time
- AJG
- AXP
| Quarter | AJG | AXP |
|---|---|---|
| Q3 2020 | 15 holders, $2.2bn | 24 holders, $25.7bn |
| Q4 2020 | 7 holders, $3.5bn | 21 holders, $30.8bn |
| Q1 2021 | 11 holders, $3.7bn | 24 holders, $36.9bn |
| Q2 2021 | 16 holders, $4.5bn | 21 holders, $42.9bn |
| Q3 2021 | 19 holders, $4.8bn | 26 holders, $42.0bn |
| Q4 2021 | 18 holders, $5.3bn | 27 holders, $39.7bn |
| Q1 2022 | 17 holders, $5.1bn | 20 holders, $45.0bn |
| Q2 2022 | 10 holders, $4.9bn | 36 holders, $33.2bn |
| Q3 2022 | 16 holders, $5.2bn | 35 holders, $32.3bn |
| Q4 2022 | 17 holders, $5.8bn | 35 holders, $34.4bn |
| Q1 2023 | 17 holders, $5.6bn | 32 holders, $38.7bn |
| Q2 2023 | 14 holders, $6.1bn | 30 holders, $40.1bn |
| Q3 2023 | 14 holders, $6.7bn | 34 holders, $34.1bn |
| Q4 2023 | 12 holders, $6.2bn | 28 holders, $42.5bn |
| Q1 2024 | 14 holders, $6.7bn | 33 holders, $52.6bn |
| Q2 2024 | 12 holders, $7.5bn | 31 holders, $52.6bn |
| Q3 2024 | 14 holders, $8.3bn | 30 holders, $60.7bn |
| Q4 2024 | 33 holders, $12.4bn | 26 holders, $65.8bn |
| Q1 2025 | 21 holders, $14.2bn | 33 holders, $59.9bn |
| Q2 2025 | 22 holders, $13.2bn | 29 holders, $69.4bn |
| Q3 2025 | 16 holders, $11.5bn | 30 holders, $70.8bn |
| Q4 2025 | 14 holders, $10.4bn | 31 holders, $77.2bn |
| Q1 2026 | 17 holders, $10.7bn | 33 holders, $61.2bn |
| Q2 2026 | 16 holders, $11.6bn | 30 holders, $65.4bn |
Gallagher Arthur J & Co
- Holders
- 17
- Reported value
- $10.7bn
- Buyers
- 17
- Sellers
- 19
Breadth -2 among 91 comparable managers.
American Express Co
- Holders
- 33
- Reported value
- $61.2bn
- Buyers
- 22
- Sellers
- 21
Breadth +1 among 91 comparable managers.
Who holds both, Q1 2026
Both (13)
AllianceBernstein LP, Artisan Partners LP, Balyasny Asset Management LLC, Capital Research Global Investors, Capital World Investors, Dodge & Cox, Fidelity (FMR LLC), Invesco Ltd, Janus Henderson Group Ltd, Marshall Wace LLP, Wellington Management Group LLP, Winton Group Ltd, Woodline Partners LP
Only AJG (4)
Baillie Gifford & Co, Freestone Grove Partners LP, Verition Fund Management LLC, Viking Global Investors LP
Only AXP (20)
AQR Capital Management LLC, Arrowstreet Capital LP, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Bridgewater Associates LP, D. E. Shaw & Co., First Eagle Investment Management LLC, GAMCO Investors Inc, Harris Associates LP, Hudson Bay Capital Management LP, Man Group PLC, Markel Group Inc, MFS Investment Management, Millennium Management LLC, Neuberger Berman Group LLC, PDT Partners LLC, Renaissance Technologies LLC, Ruane Cunniff & Goldfarb LP, T. Rowe Price Associates Inc, Voloridge Investment Management LLC
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.