L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 5 Feb 2026
Managers listing it
28
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 7 listed it in both
Shares listed
28,800,786
combined, among listed positions
Reported value
$2.6bn
combined, at the quarter end

Among the 92 comparable managers: 16 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +181,946.

Managers listing BG 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.

28 of 28 holders

ActionFiling
Capital World Investors16,602,320$1.5bn0.20%Added+402,32011 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)3,227,889$288munder 0.1%Trimmed-1,144,38917 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,008,377$268munder 0.1%Trimmed-66,04119 Feb 2026 (the filing on sec.gov)
Millennium Management LLC865,130$77munder 0.1%Trimmed-623,11017 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC587,127$52munder 0.1%Trimmed-74,68427 Oct 2026 (the filing on sec.gov)
Holocene Advisors LP581,122$52m0.11%Newnew17 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC530,964$47m0.06%Added+508,65317 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC378,767$34munder 0.1%Added+59,18717 Feb 2026 (the filing on sec.gov)
Woodline Partners LP366,726$33m0.13%Newnew17 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP362,319$32munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC309,137$28munder 0.1%Trimmed-140,15717 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC309,054$28m0.11%Trimmed-8,78413 Feb 2026 (the filing on sec.gov)
Man Group PLC233,521$21munder 0.1%Added+95,65717 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC228,742$20munder 0.1%Added+225,00713 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP226,382$20munder 0.1%Trimmed-221,15113 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP209,832$19munder 0.1%Added+45,81217 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc203,435$18munder 0.1%Added+4,32417 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP148,418$13munder 0.1%Added+96917 Feb 2026 (the filing on sec.gov)
Soros Fund Management LLC86,568$7.7m0.09%Newnew13 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC71,365$6.4munder 0.1%Trimmed-257,29513 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd70,210$6.3munder 0.1%Added+59,05317 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc56,677$5.0munder 0.1%Trimmed-9005 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP53,661$4.8munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP52,852$4.7munder 0.1%Trimmed-10,05617 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC17,096$1.5munder 0.1%Held010 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 12 in Q2 2026

Tracked managers listing it, at least.

05101520Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BG by quarter
QuarterHoldersReported valueBuyersSellers
Q4 202313$3.0bn130
Q1 202414$2.9bn95
Q2 202412$2.8bn85
Q3 202411$2.2bn65
Q4 202411$1.1bn84
Q1 202512$1.2bn75
Q2 202511$1.5bn84
Q3 20258$1.6bn63
Q4 20259$1.7bn1614
Q1 202617$3.5bn2015
Q2 202612$2.5bn1822

Compare with…

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

BG and PM →BG and KO →BG and COST →Choose a stock to compare with BG →

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