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
32
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 5 listed it in both
Shares listed
43,151,677
combined, among listed positions
Reported value
$1.1bn
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 17 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +422,883.

Managers listing BF-B 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.

32 of 32 holders

ActionFiling
Fidelity (FMR LLC)25,653,042$669munder 0.1%Added+2,899,91017 Feb 2026 (the filing on sec.gov)
Invesco Ltd6,547,891$171munder 0.1%Trimmed-504,26619 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.3,202,558$83munder 0.1%Added+566,26817 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP2,530,933$66munder 0.1%Added+3,45017 Feb 2026 (the filing on sec.gov)
MFS Investment Management2,340,772$61munder 0.1%Trimmed-99,92722 Jan 2026 (the filing on sec.gov)
Markel Group Inc474,187$12m0.10%Held06 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC352,681$9.2munder 0.1%Trimmed-1,362,22017 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP334,904$8.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc311,169$8.1munder 0.1%Trimmed-6,54117 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC261,332$6.8munder 0.1%Added+202,83917 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP207,614$5.4munder 0.1%Trimmed-63,92517 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP132,164$3.4munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC123,528$3.2munder 0.1%Added+18,32327 Oct 2026 (the filing on sec.gov)
Voloridge Investment Management LLC113,541$3.0munder 0.1%Trimmed-334,06917 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd86,124$2.2munder 0.1%Added+68,63317 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP77,643$2.0munder 0.1%Added+49,23817 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP55,343$1.4munder 0.1%Trimmed-59,01317 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC54,491$1.4munder 0.1%Trimmed-109,78717 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP41,676$1.1munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP37,040$965kunder 0.1%Trimmed-59,53517 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP33,700$878kunder 0.1%Trimmed-3,43513 Feb 2026 (the filing on sec.gov)
Woodline Partners LP30,157$786kunder 0.1%Added+6,88417 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC28,477$742kunder 0.1%Trimmed-38,35113 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC25,215$657kunder 0.1%Added+3,16017 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP20,940$546kunder 0.1%Added+37913 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.
5 in Q3 2024 to 5 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.
BF-B by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20136$131mn.a.n.a.
Q3 20137$143mn.a.n.a.
Q4 20135$125mn.a.n.a.
Q1 20145$129mn.a.n.a.
Q2 20146$193mn.a.n.a.
Q3 20147$163mn.a.n.a.
Q4 20147$102mn.a.n.a.
Q1 20158$117mn.a.n.a.
Q2 20157$78mn.a.n.a.
Q3 20155$46mn.a.n.a.
Q4 20159$223mn.a.n.a.
Q1 20168$197mn.a.n.a.
Q2 201614$333mn.a.n.a.
Q3 201611$197mn.a.n.a.
Q4 20166$58mn.a.n.a.
Q1 20176$37mn.a.n.a.
Q2 20178$38mn.a.n.a.
Q3 20175$51mn.a.n.a.
Q4 20175$57mn.a.n.a.
Q1 20187$82mn.a.n.a.
Q2 201810$248mn.a.n.a.
Q3 201811$353mn.a.n.a.
Q4 20187$180mn.a.n.a.
Q1 20198$217mn.a.n.a.
Q2 201911$179mn.a.n.a.
Q3 20199$114mn.a.n.a.
Q4 201910$206mn.a.n.a.
Q1 20209$180mn.a.n.a.
Q2 20209$254mn.a.n.a.
Q3 202013$344mn.a.n.a.
Q4 20209$427mn.a.n.a.
Q1 202112$252mn.a.n.a.
Q2 202111$244mn.a.n.a.
Q3 202112$230mn.a.n.a.
Q4 202111$226mn.a.n.a.
Q1 202212$468mn.a.n.a.
Q2 202215$546mn.a.n.a.
Q3 202212$530mn.a.n.a.
Q4 202211$491mn.a.n.a.
Q1 202312$526mn.a.n.a.
Q2 202311$483mn.a.n.a.
Q3 20239$441mn.a.n.a.
Q4 20234$126m23
Q1 20244$97m12
Q2 20245$218m31
Q3 20245$353m22
Q4 20249$268m62
Q1 20256$226m41
Q2 20255$65m32
Q3 20256$715m32
Q4 20255$829m1717
Q1 20265$164m1515
Q2 20265$122m1619

Compare with…

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

BF-B and PM →BF-B and KO →BF-B and COST →Choose a stock to compare with BF-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 BF-B, latest filings →Back to the 13F Explorer →