L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
16 May 2025
latest of these filings; the earliest 2 May 2025
Managers listing it
8
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 5 listed it in both
Shares listed
8,694,368
combined, among listed positions
Reported value
$804m
combined, at the quarter end

Among the 95 comparable managers: 6 buyers (opened or added shares) and 3 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 ARE 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.

8 of 8 holders

ActionFiling
Capital World Investors3,434,183$318m0.05%Added+82,48112 May 2025 (the filing on sec.gov)
Invesco Ltd3,147,743$291m0.06%Addedn.a.12 May 2025 (the filing on sec.gov)
AQR Capital Management LLC1,517,842$140m0.14%Addedn.a.15 May 2025 (the filing on sec.gov)
Arrowstreet Capital LP352,595$33munder 0.1%Trimmed-66,42014 May 2025 (the filing on sec.gov)
Tudor Investment Corp113,645$11munder 0.1%Added+26,92815 May 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC67,133$6.2munder 0.1%Trimmed-116,80715 May 2025 (the filing on sec.gov)
Holocene Advisors LP52,394$4.8munder 0.1%Added+2,24915 May 2025 (the filing on sec.gov)
Caxton Associates LLP8,833$817kunder 0.1%Newnew16 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.
8 in Q3 2024 to 6 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.
ARE by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20135$57mn.a.n.a.
Q3 20136$72mn.a.n.a.
Q4 20132$36mn.a.n.a.
Q1 20144$137mn.a.n.a.
Q2 20145$178mn.a.n.a.
Q3 20144$134mn.a.n.a.
Q4 20145$530mn.a.n.a.
Q1 20154$698mn.a.n.a.
Q2 20154$666mn.a.n.a.
Q3 20158$697mn.a.n.a.
Q4 20155$340mn.a.n.a.
Q1 20163$316mn.a.n.a.
Q2 20163$497mn.a.n.a.
Q3 20165$487mn.a.n.a.
Q4 20169$417mn.a.n.a.
Q1 20179$709mn.a.n.a.
Q2 20179$842mn.a.n.a.
Q3 201710$736mn.a.n.a.
Q4 201710$1.1bnn.a.n.a.
Q1 201811$1.3bnn.a.n.a.
Q2 201813$1.4bnn.a.n.a.
Q3 201812$1.4bnn.a.n.a.
Q4 201811$1.1bnn.a.n.a.
Q1 20199$1.6bnn.a.n.a.
Q2 201918$2.2bnn.a.n.a.
Q3 201914$2.3bnn.a.n.a.
Q4 201914$2.6bnn.a.n.a.
Q1 202015$2.1bnn.a.n.a.
Q2 202011$2.2bnn.a.n.a.
Q3 202016$2.8bnn.a.n.a.
Q4 202010$2.5bnn.a.n.a.
Q1 202113$2.0bnn.a.n.a.
Q2 202115$2.9bnn.a.n.a.
Q3 202113$3.5bnn.a.n.a.
Q4 202113$3.8bnn.a.n.a.
Q1 202216$2.6bnn.a.n.a.
Q2 202215$1.4bnn.a.n.a.
Q3 202211$1.2bnn.a.n.a.
Q4 20228$910mn.a.n.a.
Q1 202310$782mn.a.n.a.
Q2 20239$573mn.a.n.a.
Q3 20238$498mn.a.n.a.
Q4 20234$690m33
Q1 20246$800m61
Q2 20248$786m53
Q3 20248$742m53
Q4 202410$505m64
Q1 20258$804m63
Q2 20258$534m80
Q3 20257$922m42
Q4 20255$295m2111
Q1 20266$341m1417
Q2 20266$861m1019

Compare with…

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

ARE and WELL →ARE and EQIX →ARE and PLD →Choose a stock to compare with ARE →

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