L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
5 Nov 2026
latest of these filings; the earliest 2 May 2025
Managers listing it
25
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 10 listed it in both
Shares listed
71,280,906
combined, among listed positions
Reported value
$2.9bn
combined, at the quarter end

Among the 95 comparable managers: 19 buyers (opened or added shares) and 7 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 AR in Q1 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2024, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

25 of 25 holders

ActionFiling
Fidelity (FMR LLC)25,661,883$1.0bn0.07%Trimmed-4,812,3165 Nov 2026 (the filing on sec.gov)
Wellington Management Group LLP18,626,023$753m0.14%Trimmed-1,035,46813 May 2025 (the filing on sec.gov)
Citadel Advisors LLC3,834,694$155munder 0.1%Trimmedn.a.15 May 2025 (the filing on sec.gov)
Neuberger Berman Group LLC3,521,942$142m0.12%Added+264,60227 Oct 2026 (the filing on sec.gov)
Millennium Management LLC3,230,892$131m0.07%Addedn.a.15 May 2025 (the filing on sec.gov)
D. E. Shaw & Co.3,053,054$123m0.11%Addedn.a.15 May 2025 (the filing on sec.gov)
Voloridge Investment Management LLC2,334,412$94m0.35%Addedn.a.15 May 2025 (the filing on sec.gov)
MFS Investment Management2,054,414$83munder 0.1%Trimmed-796,9412 May 2025 (the filing on sec.gov)
Two Sigma Investments LP1,653,257$67m0.14%Addedn.a.15 May 2025 (the filing on sec.gov)
AQR Capital Management LLC1,269,904$51m0.05%Addedn.a.15 May 2025 (the filing on sec.gov)
Two Sigma Advisers LP1,256,700$51m0.11%Addedn.a.15 May 2025 (the filing on sec.gov)
Tudor Investment Corp1,122,439$45m0.15%Added+820,30715 May 2025 (the filing on sec.gov)
Renaissance Technologies LLC1,110,200$45m0.07%Addedn.a.14 May 2025 (the filing on sec.gov)
Marshall Wace LLP674,119$27munder 0.1%Addedn.a.15 May 2025 (the filing on sec.gov)
Verition Fund Management LLC554,934$22m0.10%Trimmed-243,71215 May 2025 (the filing on sec.gov)
Freestone Grove Partners LP286,122$12m0.12%Added+70,16215 May 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC245,850$9.9m0.06%Addedn.a.15 May 2025 (the filing on sec.gov)
PDT Partners LLC217,284$8.8m0.62%Added+34,10015 May 2025 (the filing on sec.gov)
Acadian Asset Management LLC170,246$6.9munder 0.1%Newnew21 May 2025 (the filing on sec.gov)
Moore Capital Management LP140,821$5.7m0.12%Newnew12 Aug 2025 (the filing on sec.gov)
Quantbot Technologies LP118,004$4.8m0.15%Newnew13 May 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP53,382$2.2munder 0.1%Addedn.a.15 May 2025 (the filing on sec.gov)
Caxton Associates LLP36,723$1.5m0.05%Newnew16 May 2025 (the filing on sec.gov)
Winton Group Ltd35,329$1.4m0.09%Trimmed-5,14015 May 2025 (the filing on sec.gov)
Maverick Capital Ltd18,278$739kunder 0.1%Added+7,98415 May 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q4 2024 to Q1 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 12 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
AR by quarter
QuarterHoldersReported valueBuyersSellers
Q4 201310$931mn.a.n.a.
Q1 20149$812mn.a.n.a.
Q2 20148$1.2bnn.a.n.a.
Q3 20147$1.2bnn.a.n.a.
Q4 20147$779mn.a.n.a.
Q1 20156$977mn.a.n.a.
Q2 20156$793mn.a.n.a.
Q3 20155$556mn.a.n.a.
Q4 20155$673mn.a.n.a.
Q1 201610$843mn.a.n.a.
Q2 201611$672mn.a.n.a.
Q3 20164$691mn.a.n.a.
Q4 20167$719mn.a.n.a.
Q1 20179$644mn.a.n.a.
Q2 20174$724mn.a.n.a.
Q3 20173$653mn.a.n.a.
Q4 20176$690mn.a.n.a.
Q1 20183$604mn.a.n.a.
Q2 20184$852mn.a.n.a.
Q3 20184$691mn.a.n.a.
Q4 20183$324mn.a.n.a.
Q1 20197$393mn.a.n.a.
Q2 20193$168mn.a.n.a.
Q3 20192$66mn.a.n.a.
Q4 20193$8.2mn.a.n.a.
Q1 20201$907kn.a.n.a.
Q1 20215$90mn.a.n.a.
Q2 20219$184mn.a.n.a.
Q3 202110$719mn.a.n.a.
Q4 202113$793mn.a.n.a.
Q1 202216$1.8bnn.a.n.a.
Q2 202220$2.4bnn.a.n.a.
Q3 202224$2.3bnn.a.n.a.
Q4 202218$2.2bnn.a.n.a.
Q1 202315$1.7bnn.a.n.a.
Q2 202310$1.5bnn.a.n.a.
Q3 202314$1.9bnn.a.n.a.
Q4 202313$1.6bn104
Q1 202416$2.3bn123
Q2 202414$2.5bn88
Q3 202412$1.9bn95
Q4 202413$2.2bn94
Q1 202525$2.9bn197
Q2 202522$2.8bn156
Q3 202515$2.1bn109
Q4 202514$2.1bn1618
Q1 202618$2.5bn1917
Q2 202612$1.5bn2115

Compare with…

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

AR and GEV →AR and XOM →AR and CVX →Choose a stock to compare with AR →

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