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
- 16
- Reported value
- $11.6bn
- Buyers
- 20
- Sellers
- 16
Breadth +4 among 91 comparable managers.
American Express Co
- Holders
- 30
- Reported value
- $65.4bn
- Buyers
- 15
- Sellers
- 26
Breadth -11 among 91 comparable managers.
Who holds both, Q2 2026
Both (12)
Artisan Partners LP, Balyasny Asset Management LLC, Capital Research Global Investors, Capital World Investors, Dodge & Cox, Fidelity (FMR LLC), Freestone Grove Partners LP, Invesco Ltd, Janus Henderson Group Ltd, Schonfeld Strategic Advisors LLC, Wellington Management Group LLP, Woodline Partners LP
Only AJG (4)
Arrowstreet Capital LP, Baillie Gifford & Co, Element Capital Management LLC, Moore Capital Management LP
Only AXP (18)
AllianceBernstein LP, AQR Capital Management LLC, Berkshire Hathaway Inc, 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, Marshall Wace LLP, MFS Investment Management, Neuberger Berman Group LLC, PDT Partners 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.