L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 5 Feb 2026
Managers listing it
20
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 4 listed it in both
Shares listed
2,519,712
combined, among listed positions
Reported value
$135m
combined, at the quarter end

Among the 92 comparable managers: 9 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -216,760.

Managers listing AD in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

20 of 20 holders

ActionFiling
GAMCO Investors Inc964,561$52m0.50%Trimmed-84,6055 Feb 2026 (the filing on sec.gov)
Oaktree Capital Management LP724,444$39m0.55%Held017 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP343,623$18munder 0.1%Trimmed-20,77317 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.135,546$7.3munder 0.1%Added+81,48317 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)131,340$7.0munder 0.1%Trimmed-39,00717 Feb 2026 (the filing on sec.gov)
Maverick Capital Ltd64,594$3.5munder 0.1%Trimmed-3,10913 Feb 2026 (the filing on sec.gov)
Invesco Ltd29,567$1.6munder 0.1%Added+8,50819 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP18,994$1.0munder 0.1%Trimmed-10,74113 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC13,663$733kunder 0.1%Added+4,68017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP12,933$693kunder 0.1%Trimmed-17,06713 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP11,676$626kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP11,600$622kunder 0.1%Added+50017 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP11,191$600kunder 0.1%Added+35117 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc10,399$558kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Millennium Management LLC7,019$376kunder 0.1%Added+1,95617 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC6,999$375kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC6,733$361kunder 0.1%Trimmed-86,65413 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC6,666$357kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd6,340$340kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP1,824$98kunder 0.1%Trimmed-5,28710 Feb 2026 (the filing on sec.gov)

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
2 in Q3 2024 to 2 in Q2 2026

Tracked managers listing it, at least.

02462014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
AD by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20132$165mn.a.n.a.
Q3 20134$212mn.a.n.a.
Q4 20134$202mn.a.n.a.
Q1 20144$214mn.a.n.a.
Q2 20143$201mn.a.n.a.
Q3 20143$180mn.a.n.a.
Q4 20142$198mn.a.n.a.
Q1 20152$167mn.a.n.a.
Q2 20151$131mn.a.n.a.
Q3 20151$115mn.a.n.a.
Q4 20153$159mn.a.n.a.
Q1 20162$150mn.a.n.a.
Q2 20162$130mn.a.n.a.
Q3 20162$119mn.a.n.a.
Q4 20163$173mn.a.n.a.
Q1 20172$116mn.a.n.a.
Q2 20172$121mn.a.n.a.
Q3 20172$109mn.a.n.a.
Q4 20171$109mn.a.n.a.
Q1 20182$117mn.a.n.a.
Q2 20182$114mn.a.n.a.
Q3 20184$140mn.a.n.a.
Q4 20186$208mn.a.n.a.
Q1 20195$148mn.a.n.a.
Q2 20193$138mn.a.n.a.
Q3 20193$95mn.a.n.a.
Q4 20193$89mn.a.n.a.
Q1 20203$75mn.a.n.a.
Q2 20204$72mn.a.n.a.
Q3 20203$57mn.a.n.a.
Q4 20203$57mn.a.n.a.
Q1 20213$61mn.a.n.a.
Q2 20213$54mn.a.n.a.
Q3 20212$42mn.a.n.a.
Q4 20212$39mn.a.n.a.
Q1 20222$37mn.a.n.a.
Q2 20223$36mn.a.n.a.
Q3 20222$31mn.a.n.a.
Q4 20222$26mn.a.n.a.
Q1 20233$27mn.a.n.a.
Q2 20235$29mn.a.n.a.
Q3 20233$87mn.a.n.a.
Q4 20234$86m12
Q1 20246$79m32
Q2 20244$133m22
Q3 20242$105m01
Q4 20241$83m02
Q1 20252$96m11
Q2 20253$112m21
Q3 20254$94m31
Q4 20254$95m914
Q1 20263$73m167
Q2 20262$55m417

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

AD and NFLX →AD and TMUS →AD and CMCSA →Choose a stock to compare with AD →

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. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own AD, latest filings →Back to the 13F Explorer →