L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
14 Nov 2025
latest of these filings; the earliest 12 Nov 2025
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 13 listed it in both
Shares listed
179,366,977
combined, among listed positions
Reported value
$5.9bn
combined, at the quarter end

Among the 95 comparable managers: 19 buyers (opened or added shares) and 8 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 B 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.

27 of 27 holders

ActionFiling
Arrowstreet Capital LP49,169,711$1.6bn1.02%Trimmed-3,216,63913 Nov 2025 (the filing on sec.gov)
First Eagle Investment Management LLC38,661,303$1.3bn2.31%Trimmed-822,65812 Nov 2025 (the filing on sec.gov)
Wellington Management Group LLP17,572,315$577m0.10%Trimmed-55,680,83214 Nov 2025 (the filing on sec.gov)
Capital World Investors16,415,500$538m0.07%Trimmed-7,217,56313 Nov 2025 (the filing on sec.gov)
Invesco Ltd10,479,593$343m0.05%Addedn.a.13 Nov 2025 (the filing on sec.gov)
Millennium Management LLC9,189,031$301m0.13%Added+5,136,84414 Nov 2025 (the filing on sec.gov)
Jane Street Group LLC9,071,180$297munder 0.1%Added+4,231,62314 Nov 2025 (the filing on sec.gov)
D. E. Shaw & Co.8,543,508$280m0.16%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Voloridge Investment Management LLC3,411,543$112m0.38%Added+1,442,17914 Nov 2025 (the filing on sec.gov)
Oaktree Capital Management LP3,302,086$108m1.67%Added+144,40013 Nov 2025 (the filing on sec.gov)
Man Group PLC3,177,109$104m0.18%Trimmed-2,849,59714 Nov 2025 (the filing on sec.gov)
Point72 Asset Management LP1,784,382$58m0.10%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Acadian Asset Management LLC1,420,680$47m0.08%Addedn.a.13 Nov 2025 (the filing on sec.gov)
Moore Capital Management LP1,343,799$44m0.61%Newnew14 Nov 2025 (the filing on sec.gov)
Verition Fund Management LLC1,043,328$34m0.14%Added+500,33014 Nov 2025 (the filing on sec.gov)
Two Sigma Advisers LP633,000$21munder 0.1%Trimmed-134,00014 Nov 2025 (the filing on sec.gov)
Walleye Capital LLC625,372$20m0.08%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Bridgewater Associates LP611,999$20m0.08%Trimmed-1,081,80913 Nov 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP444,016$15m0.07%Newnew14 Nov 2025 (the filing on sec.gov)
Winton Group Ltd388,731$13m0.48%Newnew13 Nov 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC384,841$13m0.07%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Woodline Partners LP375,305$12m0.06%Trimmed-576,48314 Nov 2025 (the filing on sec.gov)
Davidson Kempner Capital Management LP350,000$11m0.15%Newnew14 Nov 2025 (the filing on sec.gov)
Quantbot Technologies LP342,740$11m0.31%Addedn.a.12 Nov 2025 (the filing on sec.gov)
Eisler Capital Management Ltd272,290$9.0munder 0.1%Addedn.a.13 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.

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.
13 in Q2 2025 to 23 in Q2 2026

Tracked managers listing it, at least.

010203040Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
B by quarter
QuarterHoldersReported valueBuyersSellers
Q2 202513$4.4bn130
Q3 202527$5.9bn198
Q4 202532$8.5bn1824
Q1 202628$8.0bn1923
Q2 202623$5.2bn1229

Compare with…

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

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

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