L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 9 listed it in both
Shares listed
15,786,327
combined, among listed positions
Reported value
$1.3bn
combined, at the quarter end

Among the 92 comparable managers: 11 buyers (opened or added shares) and 22 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -3,782,818.

Managers listing BAH 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.

27 of 27 holders

ActionFiling
T. Rowe Price Associates Inc5,217,184$440munder 0.1%Trimmed-611,53117 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,936,560$163m0.09%Trimmed-1,875,68317 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP1,487,631$125munder 0.1%Trimmed-9,15117 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,426,146$120munder 0.1%Added+915,97717 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP1,145,410$97munder 0.1%Trimmed-12,69517 Feb 2026 (the filing on sec.gov)
Invesco Ltd822,044$69munder 0.1%Added+94,43419 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP794,606$67m0.48%Newnew17 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC625,948$53m0.07%Newnew17 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)490,287$41munder 0.1%Added+333,77517 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP485,222$41m0.06%Trimmed-235,00817 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC381,900$32munder 0.1%Added+228,59213 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC209,094$18munder 0.1%Added+10012 Feb 2026 (the filing on sec.gov)
Millennium Management LLC128,164$11munder 0.1%Trimmed-226,17617 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.127,436$11munder 0.1%Trimmed-409,36017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP126,400$11munder 0.1%Added+68,70017 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC111,465$9.4munder 0.1%Added+69,96513 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP46,928$4.0munder 0.1%Trimmed-662,57317 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP42,675$3.6m0.12%Added+11,84610 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP39,964$3.4munder 0.1%Trimmed-39,04513 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd38,276$3.2munder 0.1%Trimmed-1,314,27017 Feb 2026 (the filing on sec.gov)
Man Group PLC26,877$2.3munder 0.1%Trimmed-10,60217 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP23,380$2.0munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC19,717$1.7munder 0.1%Trimmed-120,20710 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC9,927$837kunder 0.1%Trimmed-19,93013 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC8,655$730kunder 0.1%Trimmed-81,66317 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.
11 in Q3 2024 to 8 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.
BAH by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20132$94mn.a.n.a.
Q3 20134$127mn.a.n.a.
Q4 20133$127mn.a.n.a.
Q1 20144$200mn.a.n.a.
Q2 20146$201mn.a.n.a.
Q3 20147$383mn.a.n.a.
Q4 20146$456mn.a.n.a.
Q1 20156$521mn.a.n.a.
Q2 20156$417mn.a.n.a.
Q3 20155$368mn.a.n.a.
Q4 20156$363mn.a.n.a.
Q1 20164$274mn.a.n.a.
Q2 20167$307mn.a.n.a.
Q3 20168$632mn.a.n.a.
Q4 201616$805mn.a.n.a.
Q1 20178$712mn.a.n.a.
Q2 201710$685mn.a.n.a.
Q3 20176$903mn.a.n.a.
Q4 201710$881mn.a.n.a.
Q1 20188$903mn.a.n.a.
Q2 201811$939mn.a.n.a.
Q3 201813$1.0bnn.a.n.a.
Q4 201814$913mn.a.n.a.
Q1 201910$1.2bnn.a.n.a.
Q2 201915$1.7bnn.a.n.a.
Q3 201917$1.9bnn.a.n.a.
Q4 201914$1.7bnn.a.n.a.
Q1 202013$1.5bnn.a.n.a.
Q2 202012$1.5bnn.a.n.a.
Q3 202015$1.5bnn.a.n.a.
Q4 202011$1.7bnn.a.n.a.
Q1 202115$1.6bnn.a.n.a.
Q2 202111$1.7bnn.a.n.a.
Q3 20219$1.6bnn.a.n.a.
Q4 202110$1.9bnn.a.n.a.
Q1 202212$1.8bnn.a.n.a.
Q2 202212$1.9bnn.a.n.a.
Q3 202217$1.8bnn.a.n.a.
Q4 202216$1.8bnn.a.n.a.
Q1 202314$1.4bnn.a.n.a.
Q2 202312$1.6bnn.a.n.a.
Q3 202313$1.4bnn.a.n.a.
Q4 20236$1.5bn35
Q1 202410$1.8bn91
Q2 202412$1.8bn93
Q3 202411$1.9bn92
Q4 202415$1.8bn124
Q1 202517$2.2bn144
Q2 202518$1.7bn118
Q3 202512$1.5bn85
Q4 20259$999m1122
Q1 20264$767m1615
Q2 20268$786m1815

Compare with…

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

BAH and V →BAH and MA →BAH and MCO →Choose a stock to compare with BAH →

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