L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
28
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 12 listed it in both
Shares listed
76,223,703
combined, among listed positions
Reported value
$12.9bn
combined, at the quarter end

Among the 92 comparable managers: 11 buyers (opened or added shares) and 20 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,148,400.

Managers listing AEM 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.

28 of 28 holders

ActionFiling
Capital World Investors21,338,277$3.6bn0.49%Added+572,47311 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)20,354,843$3.5bn0.18%Trimmed-827,19917 Feb 2026 (the filing on sec.gov)
MFS Investment Management11,672,706$2.0bn0.64%Trimmed-39,69122 Jan 2026 (the filing on sec.gov)
Arrowstreet Capital LP8,629,935$1.5bn0.86%Added+40,19013 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC5,192,410$881m1.55%Trimmed-66,1414 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,284,923$557m0.05%Trimmed-250,58519 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC1,913,598$325m0.24%Trimmed-416,81027 Oct 2026 (the filing on sec.gov)
AQR Capital Management LLC855,547$145m0.08%Added+802,39517 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc848,243$144munder 0.1%Added+5,50717 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP378,749$64munder 0.1%Added+235,20817 Feb 2026 (the filing on sec.gov)
Man Group PLC311,522$53m0.09%Trimmed-44,24017 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC270,568$46m0.08%Trimmed-35,63210 Feb 2026 (the filing on sec.gov)
Millennium Management LLC255,734$43munder 0.1%Trimmed-239,84617 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC203,892$35munder 0.1%Added+45,91117 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP164,593$28munder 0.1%Trimmed-86,07517 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP134,285$23m0.08%Added+38,96313 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP91,770$16munder 0.1%Added+1,06517 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC86,119$15munder 0.1%Trimmed-544,56412 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.56,238$9.5munder 0.1%Trimmed-43,35217 Feb 2026 (the filing on sec.gov)
Discovery Capital Management LLC50,400$8.5m0.46%Trimmed-1,60017 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc47,265$8.0m0.08%Added+4205 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd43,862$7.5munder 0.1%Trimmed-4417 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC16,630$2.8munder 0.1%Trimmed-30,70013 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP5,746$974kunder 0.1%Trimmed-14,87817 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP5,555$942kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Page 1 of 2

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.
12 in Q3 2024 to 19 in Q2 2026

Tracked managers listing it, at least.

051015202014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
AEM by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20133$703mn.a.n.a.
Q3 20133$675mn.a.n.a.
Q4 20134$686mn.a.n.a.
Q1 20146$800mn.a.n.a.
Q2 20146$998mn.a.n.a.
Q3 20147$617mn.a.n.a.
Q4 20149$594mn.a.n.a.
Q1 20156$558mn.a.n.a.
Q2 20156$553mn.a.n.a.
Q3 20155$536mn.a.n.a.
Q4 20156$511mn.a.n.a.
Q1 20169$1.0bnn.a.n.a.
Q2 201611$1.6bnn.a.n.a.
Q3 20168$1.5bnn.a.n.a.
Q4 201610$1.2bnn.a.n.a.
Q1 201712$1.5bnn.a.n.a.
Q2 201710$1.6bnn.a.n.a.
Q3 20179$1.5bnn.a.n.a.
Q4 20179$1.5bnn.a.n.a.
Q1 20189$1.6bnn.a.n.a.
Q2 20188$1.0bnn.a.n.a.
Q3 20186$729mn.a.n.a.
Q4 20187$875mn.a.n.a.
Q1 20198$897mn.a.n.a.
Q2 20198$1.1bnn.a.n.a.
Q3 201910$965mn.a.n.a.
Q4 201910$1.5bnn.a.n.a.
Q1 202014$1.1bnn.a.n.a.
Q2 202011$1.9bnn.a.n.a.
Q3 202016$2.6bnn.a.n.a.
Q4 202012$2.2bnn.a.n.a.
Q1 20219$1.3bnn.a.n.a.
Q2 20218$2.0bnn.a.n.a.
Q3 20218$1.0bnn.a.n.a.
Q4 20219$1.3bnn.a.n.a.
Q1 202212$2.5bnn.a.n.a.
Q2 202211$1.7bnn.a.n.a.
Q3 202211$1.7bnn.a.n.a.
Q4 202212$2.1bnn.a.n.a.
Q1 202312$2.4bnn.a.n.a.
Q2 202314$2.5bnn.a.n.a.
Q3 202313$2.2bnn.a.n.a.
Q4 202312$2.8bn67
Q1 202412$3.2bn93
Q2 202412$3.5bn67
Q3 202412$4.4bn64
Q4 20249$4.5bn55
Q1 202513$7.5bn76
Q2 202514$8.1bn76
Q3 202513$12.5bn75
Q4 202513$12.6bn1120
Q1 202615$14.6bn1218
Q2 202619$9.9bn277

Compare with…

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

AEM and LIN →AEM and GLW →AEM and HWM →Choose a stock to compare with AEM →

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 AEM, latest filings →Back to the 13F Explorer →