Holders over time
- VSEC
- MA
| Quarter | VSEC | MA |
|---|---|---|
| Q3 2020 | none listed holders, n.a. | 45 holders, $56.1bn |
| Q4 2020 | none listed holders, n.a. | 52 holders, $57.9bn |
| Q1 2021 | none listed holders, n.a. | 50 holders, $56.4bn |
| Q2 2021 | 1 holders, $30k | 50 holders, $54.9bn |
| Q3 2021 | 1 holders, $376k | 50 holders, $48.9bn |
| Q4 2021 | 1 holders, $975k | 42 holders, $49.3bn |
| Q1 2022 | 1 holders, $2.0m | 38 holders, $50.1bn |
| Q2 2022 | 1 holders, $2.6m | 48 holders, $45.4bn |
| Q3 2022 | 1 holders, $2.8m | 53 holders, $40.8bn |
| Q4 2022 | 1 holders, $4.8m | 37 holders, $65.6bn |
| Q1 2023 | 1 holders, $5.0m | 45 holders, $50.3bn |
| Q2 2023 | 1 holders, $5.3m | 47 holders, $51.2bn |
| Q3 2023 | 1 holders, $6.2m | 52 holders, $49.7bn |
| Q4 2023 | 1 holders, $8.2m | 46 holders, $51.7bn |
| Q1 2024 | 2 holders, $91m | 48 holders, $58.0bn |
| Q2 2024 | 4 holders, $177m | 49 holders, $51.2bn |
| Q3 2024 | 4 holders, $173m | 43 holders, $55.8bn |
| Q4 2024 | 5 holders, $281m | 43 holders, $58.3bn |
| Q1 2025 | 6 holders, $464m | 49 holders, $64.7bn |
| Q2 2025 | 7 holders, $522m | 50 holders, $68.3bn |
| Q3 2025 | 7 holders, $612m | 44 holders, $68.1bn |
| Q4 2025 | 8 holders, $715m | 43 holders, $65.6bn |
| Q1 2026 | 12 holders, $1.0bn | 46 holders, $57.4bn |
| Q2 2026 | 12 holders, $931m | 43 holders, $58.1bn |
Vse Corp
- Holders
- 12
- Reported value
- $1.0bn
- Buyers
- 18
- Sellers
- 7
Breadth +11 among 91 comparable managers.
Mastercard Incorporated
- Holders
- 46
- Reported value
- $57.4bn
- Buyers
- 28
- Sellers
- 27
Breadth +1 among 91 comparable managers.
Who holds both, Q1 2026
Both (8)
Artisan Partners LP, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, Neuberger Berman Group LLC, Polen Capital Management LLC, Soros Fund Management LLC, T. Rowe Price Associates Inc
Only VSEC (4)
Durable Capital Partners LP, First Eagle Investment Management LLC, Hudson Bay Capital Management LP, Moore Capital Management LP
Only MA (38)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Arrowstreet Capital LP, Baillie Gifford & Co, Balyasny Asset Management LLC, Citadel Advisors LLC, D. E. Shaw & Co., Davidson Kempner Capital Management LP, Egerton Capital UK LLP, Farallon Capital Management LLC, Fidelity (FMR LLC), Freestone Grove Partners LP, 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, Point72 Asset Management LP, and 13 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.