L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 29 Oct 2025
Managers listing it
39
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 36 listed it in both
Shares listed
156,972,346
combined, among listed positions
Reported value
$22.9bn
combined, at the quarter end

Among the 95 comparable managers: 16 buyers (opened or added shares) and 23 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing ANET in Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

39 of 39 holders

ActionFiling
T. Rowe Price Associates Inc36,791,042$5.4bn0.57%Added+31,550,44014 Nov 2025 (the filing on sec.gov)
Fidelity (FMR LLC)32,041,881$4.7bn0.24%Added+6,762,68713 Nov 2025 (the filing on sec.gov)
Capital Research Global Investors17,738,184$2.6bn0.48%Trimmed-1,724,58513 Nov 2025 (the filing on sec.gov)
Invesco Ltd10,094,255$1.5bn0.23%Added+181,81313 Nov 2025 (the filing on sec.gov)
Wellington Management Group LLP9,913,964$1.4bn0.25%Trimmed-2,653,92714 Nov 2025 (the filing on sec.gov)
Arrowstreet Capital LP9,587,115$1.4bn0.88%Added+4,332,65913 Nov 2025 (the filing on sec.gov)
AQR Capital Management LLC6,261,063$904m0.58%Trimmed-2,481,04914 Nov 2025 (the filing on sec.gov)
MFS Investment Management5,721,156$834m0.26%Addedn.a.29 Oct 2025 (the filing on sec.gov)
Point72 Asset Management LP5,511,420$803m1.34%Trimmed-1,419,21314 Nov 2025 (the filing on sec.gov)
AllianceBernstein LP4,305,807$627m0.20%Trimmed-6,019,94914 Nov 2025 (the filing on sec.gov)
Citadel Advisors LLC2,131,593$311munder 0.1%Added+30,39614 Nov 2025 (the filing on sec.gov)
Janus Henderson Group Ltd1,989,783$290m0.13%Added+971,66214 Nov 2025 (the filing on sec.gov)
Neuberger Berman Group LLC1,621,065$236m0.17%Added+99,40227 Oct 2026 (the filing on sec.gov)
Man Group PLC1,604,795$234m0.41%Trimmed-72,45714 Nov 2025 (the filing on sec.gov)
Jane Street Group LLC1,537,362$224munder 0.1%Added+378,72914 Nov 2025 (the filing on sec.gov)
Two Sigma Investments LP1,331,525$194m0.29%Trimmed-246,41714 Nov 2025 (the filing on sec.gov)
Two Sigma Advisers LP997,700$145m0.29%Trimmed-946,10014 Nov 2025 (the filing on sec.gov)
Millennium Management LLC828,303$121m0.05%Trimmed-1,327,80714 Nov 2025 (the filing on sec.gov)
Acadian Asset Management LLC783,514$114m0.20%Trimmed-892,50813 Nov 2025 (the filing on sec.gov)
Hudson Bay Capital Management LP693,427$101m0.34%Trimmed-15,44615 Dec 2025 (the filing on sec.gov)
Renaissance Technologies LLC685,240$100m0.13%Added+6,34013 Nov 2025 (the filing on sec.gov)
Bridgewater Associates LP680,366$99m0.39%Trimmed-220,21113 Nov 2025 (the filing on sec.gov)
Voloridge Investment Management LLC669,067$97m0.33%Added+159,99714 Nov 2025 (the filing on sec.gov)
D. E. Shaw & Co.526,387$77munder 0.1%Trimmed-197,03614 Nov 2025 (the filing on sec.gov)
Squarepoint Ops LLC481,449$70m0.07%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q2 2025 to Q3 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.

New (0)

No new position among listed positions.

Exited (0)

No exit shown by a manager’s own filing.

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.
35 in Q4 2024 to 33 in Q2 2026

Tracked managers listing it, at least.

010203040Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
ANET by quarter
QuarterHoldersReported valueBuyersSellers
Q4 202435$17.1bn350
Q1 202534$11.2bn2218
Q2 202537$13.6bn2216
Q3 202539$22.9bn1623
Q4 202539$21.0bn2720
Q1 202629$19.9bn1729
Q2 202633$25.3bn1927

Compare with…

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

ANET and NVDA →ANET and AVGO →ANET and MU →Choose a stock to compare with ANET →

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