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
25
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 8 listed it in both
Shares listed
15,480,287
combined, among listed positions
Reported value
$1.1bn
combined, at the quarter end

Among the 92 comparable managers: 16 buyers (opened or added shares) and 12 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,244,568.

Managers listing BC 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.

25 of 25 holders

ActionFiling
MFS Investment Management3,572,892$265m0.09%Added+78,22822 Jan 2026 (the filing on sec.gov)
Harris Associates LP2,435,469$181m0.23%Trimmed-955,78317 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,921,479$143m0.13%Added+449,94313 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co1,678,211$125m0.10%Trimmed-131,69123 Jan 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,258,427$93munder 0.1%Trimmed-1,367,10717 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,194,295$89munder 0.1%Added+318,46517 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP1,152,306$86munder 0.1%Trimmed-235,53517 Feb 2026 (the filing on sec.gov)
Invesco Ltd765,651$57munder 0.1%Added+606,61819 Feb 2026 (the filing on sec.gov)
Millennium Management LLC402,633$30munder 0.1%Added+228,69717 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC375,708$28munder 0.1%Added+361,52417 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc137,262$10m0.10%Trimmed-10,1515 Feb 2026 (the filing on sec.gov)
Man Group PLC126,374$9.4munder 0.1%Added+20,64917 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP89,857$6.7munder 0.1%Added+18,28317 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP78,268$5.8munder 0.1%Added+29,15213 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP72,053$5.3munder 0.1%Added+17,26517 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc58,809$4.4munder 0.1%Added+2,51417 Feb 2026 (the filing on sec.gov)
Markel Group Inc47,750$3.5munder 0.1%Added+14,2506 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP32,034$2.4munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd29,145$2.2munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP16,898$1.3munder 0.1%Trimmed-76,33117 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC8,963$665kunder 0.1%Newnew12 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP8,643$642kunder 0.1%Trimmed-76,15717 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC6,295$467kunder 0.1%Added+1027 Oct 2026 (the filing on sec.gov)
Walleye Capital LLC5,765$428kunder 0.1%Added+3,94213 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC5,100$379kunder 0.1%Trimmed-3,57413 Feb 2026 (the filing on sec.gov)

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.
10 in Q3 2024 to 11 in Q2 2026

Tracked managers listing it, at least.

0510152014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BC by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20138$719mn.a.n.a.
Q3 20137$802mn.a.n.a.
Q4 20138$1.0bnn.a.n.a.
Q1 20148$1.1bnn.a.n.a.
Q2 201413$1.0bnn.a.n.a.
Q3 201414$964mn.a.n.a.
Q4 201410$1.0bnn.a.n.a.
Q1 201513$987mn.a.n.a.
Q2 201513$879mn.a.n.a.
Q3 201511$773mn.a.n.a.
Q4 201510$637mn.a.n.a.
Q1 20169$349mn.a.n.a.
Q2 201610$352mn.a.n.a.
Q3 20169$336mn.a.n.a.
Q4 20164$233mn.a.n.a.
Q1 20176$267mn.a.n.a.
Q2 20176$273mn.a.n.a.
Q3 20178$371mn.a.n.a.
Q4 201715$411mn.a.n.a.
Q1 201810$387mn.a.n.a.
Q2 201812$361mn.a.n.a.
Q3 201814$459mn.a.n.a.
Q4 201813$384mn.a.n.a.
Q1 201915$418mn.a.n.a.
Q2 201911$221mn.a.n.a.
Q3 20198$604mn.a.n.a.
Q4 201911$458mn.a.n.a.
Q1 20208$256mn.a.n.a.
Q2 202010$481mn.a.n.a.
Q3 202011$412mn.a.n.a.
Q4 202010$455mn.a.n.a.
Q1 20218$519mn.a.n.a.
Q2 20218$525mn.a.n.a.
Q3 20215$499mn.a.n.a.
Q4 20215$432mn.a.n.a.
Q1 20226$304mn.a.n.a.
Q2 202210$314mn.a.n.a.
Q3 20228$294mn.a.n.a.
Q4 20229$377mn.a.n.a.
Q1 20237$368mn.a.n.a.
Q2 20236$349mn.a.n.a.
Q3 20237$401mn.a.n.a.
Q4 202310$1.2bn64
Q1 202411$1.3bn46
Q2 202410$619m64
Q3 202410$809m73
Q4 202411$715m74
Q1 20259$606m71
Q2 202510$700m54
Q3 202510$778m55
Q4 20259$825m1612
Q1 202611$951m2112
Q2 202611$1.1bn1717

Compare with…

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

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

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