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
30
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
69,160,708
combined, among listed positions
Reported value
$2.4bn
combined, at the quarter end

Among the 92 comparable managers: 16 buyers (opened or added shares) and 18 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -5,633,019.

Managers listing AR 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.

30 of 30 holders

ActionFiling
Fidelity (FMR LLC)23,656,404$815munder 0.1%Trimmed-1,455,92717 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP11,309,130$390m0.07%Trimmed-7,342,81417 Feb 2026 (the filing on sec.gov)
Invesco Ltd4,999,747$172munder 0.1%Added+761,84219 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC4,694,364$162m0.08%Added+1,226,82817 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.4,010,441$138m0.08%Trimmed-1,195,79417 Feb 2026 (the filing on sec.gov)
MFS Investment Management3,988,300$137munder 0.1%Added+2,099,75522 Jan 2026 (the filing on sec.gov)
Neuberger Berman Group LLC3,815,524$131m0.10%Added+54,39727 Oct 2026 (the filing on sec.gov)
Squarepoint Ops LLC2,175,759$75m0.08%Added+393,64413 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP1,892,006$65m0.47%Added+1,281,94017 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC1,795,192$62m0.08%Added+1,751,09217 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,146,832$40munder 0.1%Trimmed-800,68317 Feb 2026 (the filing on sec.gov)
Greenlight Capital1,014,070$35m1.23%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP796,662$27munder 0.1%Added+291,10217 Feb 2026 (the filing on sec.gov)
Man Group PLC647,395$22munder 0.1%Added+343,49017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP488,409$17munder 0.1%Trimmed-1,144,21813 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC411,899$14munder 0.1%Trimmed-1,144,00417 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP405,239$14munder 0.1%Added+356,21217 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP355,590$12munder 0.1%Added+6,70117 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP289,749$10.0munder 0.1%Trimmed-577,32113 Feb 2026 (the filing on sec.gov)
Winton Group Ltd286,201$9.9m0.34%Added+217,31711 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc232,279$8.0munder 0.1%Added+14,87617 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp199,152$6.9munder 0.1%Added+80,38617 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP141,169$4.9munder 0.1%Trimmed-339,53517 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd129,867$4.5munder 0.1%Added+7517 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC82,702$2.9munder 0.1%Trimmed-169,57913 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 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 →