Holders over time
- IT
- MCO
| Quarter | IT | MCO |
|---|---|---|
| Q3 2020 | 8 holders, $1.9bn | 30 holders, $17.0bn |
| Q4 2020 | 9 holders, $2.0bn | 21 holders, $16.9bn |
| Q1 2021 | 10 holders, $2.3bn | 17 holders, $16.9bn |
| Q2 2021 | 17 holders, $2.9bn | 16 holders, $20.2bn |
| Q3 2021 | 19 holders, $4.1bn | 25 holders, $19.9bn |
| Q4 2021 | 17 holders, $4.7bn | 25 holders, $22.0bn |
| Q1 2022 | 19 holders, $3.9bn | 22 holders, $19.1bn |
| Q2 2022 | 25 holders, $3.5bn | 19 holders, $15.4bn |
| Q3 2022 | 21 holders, $4.0bn | 21 holders, $13.6bn |
| Q4 2022 | 26 holders, $4.9bn | 17 holders, $15.5bn |
| Q1 2023 | 25 holders, $4.8bn | 20 holders, $17.3bn |
| Q2 2023 | 25 holders, $4.7bn | 25 holders, $19.4bn |
| Q3 2023 | 21 holders, $4.5bn | 21 holders, $17.2bn |
| Q4 2023 | 19 holders, $5.7bn | 21 holders, $22.3bn |
| Q1 2024 | 23 holders, $6.2bn | 22 holders, $21.9bn |
| Q2 2024 | 16 holders, $5.5bn | 24 holders, $23.6bn |
| Q3 2024 | 16 holders, $5.8bn | 31 holders, $26.8bn |
| Q4 2024 | 21 holders, $5.7bn | 31 holders, $25.7bn |
| Q1 2025 | 26 holders, $4.8bn | 30 holders, $25.2bn |
| Q2 2025 | 24 holders, $3.7bn | 30 holders, $26.8bn |
| Q3 2025 | 16 holders, $1.4bn | 31 holders, $26.0bn |
| Q4 2025 | 16 holders, $1.6bn | 32 holders, $27.7bn |
| Q1 2026 | 10 holders, $1.3bn | 28 holders, $23.9bn |
| Q2 2026 | 12 holders, $1.5bn | 31 holders, $24.9bn |
Gartner Inc
- Holders
- 10
- Reported value
- $1.3bn
- Buyers
- 23
- Sellers
- 15
Breadth +8 among 91 comparable managers.
Moodys Corp
- Holders
- 28
- Reported value
- $23.9bn
- Buyers
- 20
- Sellers
- 24
Breadth -4 among 91 comparable managers.
Who holds both, Q1 2026
Both (6)
AQR Capital Management LLC, Caxton Associates LLP, Harris Associates LP, Holocene Advisors LP, Renaissance Technologies LLC, Voloridge Investment Management LLC
Only IT (4)
Artisan Partners LP, Polen Capital Management LLC, Quantbot Technologies LP, Two Sigma Investments LP
Only MCO (22)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, Arrowstreet Capital LP, Baillie Gifford & Co, Berkshire Hathaway Inc, Capital Research Global Investors, D. E. Shaw & Co., Dodge & Cox, Egerton Capital UK LLP, Fidelity (FMR LLC), GAMCO Investors Inc, Invesco Ltd, Man Group PLC, Markel Group Inc, Marshall Wace LLP, MFS Investment Management, Neuberger Berman Group LLC, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, TCI Fund Management Ltd, 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.