Holders over time
- TRU
- MCO
| Quarter | TRU | MCO |
|---|---|---|
| Q3 2020 | 21 holders, $5.0bn | 30 holders, $17.0bn |
| Q4 2020 | 18 holders, $5.1bn | 21 holders, $16.9bn |
| Q1 2021 | 17 holders, $4.9bn | 17 holders, $16.9bn |
| Q2 2021 | 18 holders, $5.9bn | 16 holders, $20.2bn |
| Q3 2021 | 21 holders, $6.1bn | 25 holders, $19.9bn |
| Q4 2021 | 18 holders, $6.8bn | 25 holders, $22.0bn |
| Q1 2022 | 17 holders, $6.0bn | 22 holders, $19.1bn |
| Q2 2022 | 13 holders, $4.9bn | 19 holders, $15.4bn |
| Q3 2022 | 16 holders, $2.3bn | 21 holders, $13.6bn |
| Q4 2022 | 16 holders, $2.6bn | 17 holders, $15.5bn |
| Q1 2023 | 14 holders, $2.3bn | 20 holders, $17.3bn |
| Q2 2023 | 15 holders, $3.5bn | 25 holders, $19.4bn |
| Q3 2023 | 14 holders, $3.1bn | 21 holders, $17.2bn |
| Q4 2023 | 13 holders, $2.4bn | 21 holders, $22.3bn |
| Q1 2024 | 15 holders, $3.5bn | 22 holders, $21.9bn |
| Q2 2024 | 17 holders, $3.3bn | 24 holders, $23.6bn |
| Q3 2024 | 21 holders, $5.5bn | 31 holders, $26.8bn |
| Q4 2024 | 24 holders, $4.8bn | 31 holders, $25.7bn |
| Q1 2025 | 20 holders, $4.3bn | 30 holders, $25.2bn |
| Q2 2025 | 17 holders, $4.5bn | 30 holders, $26.8bn |
| Q3 2025 | 13 holders, $3.7bn | 31 holders, $26.0bn |
| Q4 2025 | 13 holders, $3.8bn | 32 holders, $27.7bn |
| Q1 2026 | 13 holders, $4.9bn | 28 holders, $23.9bn |
| Q2 2026 | 13 holders, $5.4bn | 31 holders, $24.9bn |
Transunion
- Holders
- 13
- Reported value
- $5.4bn
- Buyers
- 17
- Sellers
- 12
Breadth +5 among 91 comparable managers.
Moodys Corp
- Holders
- 31
- Reported value
- $24.9bn
- Buyers
- 21
- Sellers
- 20
Breadth +1 among 91 comparable managers.
Who holds both, Q2 2026
Both (10)
Dodge & Cox, Fidelity (FMR LLC), Freestone Grove Partners LP, Holocene Advisors LP, Hudson Bay Capital Management LP, MFS Investment Management, Moore Capital Management LP, Neuberger Berman Group LLC, Schonfeld Strategic Advisors LLC, Verition Fund Management LLC
Only MCO (21)
Akre Capital Management LLC, AQR Capital Management LLC, Arrowstreet Capital LP, Baillie Gifford & Co, Balyasny Asset Management LLC, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Bridgewater Associates LP, Capital Research Global Investors, D. E. Shaw & Co., Egerton Capital UK LLP, GAMCO Investors Inc, Harris Associates LP, Invesco Ltd, Markel Group Inc, Renaissance Technologies LLC, Squarepoint Ops LLC, T. Rowe Price Associates Inc, TCI Fund Management Ltd, Voloridge Investment Management LLC, 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.