Holders over time
- USB
- WFC
| Quarter | USB | WFC |
|---|---|---|
| Q3 2020 | 22 holders, $8.2bn | 34 holders, $15.9bn |
| Q4 2020 | 23 holders, $10.7bn | 33 holders, $19.5bn |
| Q1 2021 | 17 holders, $11.2bn | 31 holders, $23.4bn |
| Q2 2021 | 16 holders, $11.1bn | 33 holders, $28.0bn |
| Q3 2021 | 17 holders, $11.5bn | 28 holders, $27.7bn |
| Q4 2021 | 16 holders, $10.6bn | 32 holders, $28.6bn |
| Q1 2022 | 16 holders, $9.9bn | 37 holders, $28.8bn |
| Q2 2022 | 22 holders, $8.5bn | 32 holders, $24.1bn |
| Q3 2022 | 28 holders, $6.5bn | 28 holders, $25.5bn |
| Q4 2022 | 28 holders, $5.7bn | 33 holders, $25.2bn |
| Q1 2023 | 23 holders, $4.6bn | 34 holders, $21.5bn |
| Q2 2023 | 22 holders, $4.0bn | 29 holders, $23.4bn |
| Q3 2023 | 12 holders, $3.1bn | 30 holders, $22.9bn |
| Q4 2023 | 11 holders, $4.5bn | 32 holders, $27.2bn |
| Q1 2024 | 15 holders, $5.2bn | 27 holders, $33.6bn |
| Q2 2024 | 18 holders, $5.1bn | 37 holders, $34.1bn |
| Q3 2024 | 20 holders, $6.9bn | 35 holders, $32.0bn |
| Q4 2024 | 18 holders, $7.0bn | 42 holders, $38.9bn |
| Q1 2025 | 30 holders, $7.7bn | 39 holders, $38.2bn |
| Q2 2025 | 25 holders, $7.7bn | 33 holders, $41.6bn |
| Q3 2025 | 23 holders, $7.5bn | 29 holders, $41.5bn |
| Q4 2025 | 21 holders, $8.0bn | 29 holders, $43.6bn |
| Q1 2026 | 20 holders, $7.7bn | 34 holders, $36.8bn |
| Q2 2026 | 21 holders, $8.7bn | 41 holders, $38.2bn |
US Bancorp
- Holders
- 20
- Reported value
- $7.7bn
- Buyers
- 11
- Sellers
- 21
Breadth -10 among 91 comparable managers.
Wells Fargo & Co
- Holders
- 34
- Reported value
- $36.8bn
- Buyers
- 20
- Sellers
- 22
Breadth -2 among 91 comparable managers.
Who holds both, Q1 2026
Both (14)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Bridgewater Associates LP, Capital Research Global Investors, Fidelity (FMR LLC), Freestone Grove Partners LP, Hudson Bay Capital Management LP, Invesco Ltd, Janus Henderson Group Ltd, Man Group PLC, T. Rowe Price Associates Inc, Walleye Capital LLC, Woodline Partners LP
Only USB (6)
Citadel Advisors LLC, ExodusPoint Capital Management LP, First Eagle Investment Management LLC, Marshall Wace LLP, Point72 Asset Management LP, Verition Fund Management LLC
Only WFC (20)
Arrowstreet Capital LP, Artisan Partners LP, Brevan Howard Capital Management LP, Capital World Investors, Caxton Associates LLP, D. E. Shaw & Co., Dodge & Cox, GAMCO Investors Inc, Harris Associates LP, Markel Group Inc, MFS Investment Management, Millennium Management LLC, Neuberger Berman Group LLC, Quantbot Technologies LP, Schonfeld Strategic Advisors LLC, Squarepoint Ops LLC, Tudor Investment Corp, Two Sigma Investments LP, Voloridge Investment Management LLC, Wellington Management Group LLP
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.