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
32
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 4 listed it in both
Shares listed
26,821,350
combined, among listed positions
Reported value
$186m
combined, at the quarter end

Among the 92 comparable managers: 25 buyers (opened or added shares) and 4 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +12,125,309.

Managers listing BHC 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
Hudson Bay Capital Management LP5,000,000$35m0.11%Held013 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP2,723,655$19munder 0.1%Added+2,518,06413 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC2,210,403$15munder 0.1%Added+1,274,91510 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,836,137$13munder 0.1%Added+1,366,26817 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,680,629$12munder 0.1%Added+748,01217 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,662,680$12munder 0.1%Added+1,010,05417 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,487,295$10munder 0.1%Added+1,459,71517 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,432,191$10.0munder 0.1%Added+247,51912 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,359,740$9.4munder 0.1%Added+1,089,74017 Feb 2026 (the filing on sec.gov)
Oaktree Capital Management LP1,270,000$8.8m0.13%Held017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP1,059,939$7.4munder 0.1%Added+575,10017 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc874,452$6.1m0.06%Trimmed-31,5925 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC682,163$4.7munder 0.1%Added+548,02712 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP604,481$4.2munder 0.1%Trimmed-208,59813 Feb 2026 (the filing on sec.gov)
Man Group PLC602,128$4.2munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP489,441$3.4munder 0.1%Added+52,88813 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP418,810$2.9munder 0.1%Added+211,05317 Feb 2026 (the filing on sec.gov)
Third Point LLC350,000$2.4munder 0.1%Added+250,00017 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC296,903$2.1munder 0.1%Added+277,52717 Feb 2026 (the filing on sec.gov)
Invesco Ltd178,607$1.2munder 0.1%Added+9,94019 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC147,083$1.0munder 0.1%Added+132,40917 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC101,341$704kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC78,715$547kunder 0.1%Trimmed-23,20513 Feb 2026 (the filing on sec.gov)
PDT Partners LLC50,045$348kunder 0.1%Added+8,20017 Feb 2026 (the filing on sec.gov)
Winton Group Ltd48,857$340kunder 0.1%Added+87111 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.

Exited (0)

No exit shown by a manager’s own filing.

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.
6 in Q3 2024 to 4 in Q2 2026

Tracked managers listing it, at least.

05101520192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BHC by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20182$29mn.a.n.a.
Q3 201812$1.0bnn.a.n.a.
Q4 201814$718mn.a.n.a.
Q1 201913$1.1bnn.a.n.a.
Q2 201914$1.2bnn.a.n.a.
Q3 201910$982mn.a.n.a.
Q4 201910$1.5bnn.a.n.a.
Q1 202011$806mn.a.n.a.
Q2 20209$840mn.a.n.a.
Q3 202010$664mn.a.n.a.
Q4 202011$1.0bnn.a.n.a.
Q1 202112$2.3bnn.a.n.a.
Q2 202114$2.2bnn.a.n.a.
Q3 202110$2.0bnn.a.n.a.
Q4 20219$1.8bnn.a.n.a.
Q1 202213$1.5bnn.a.n.a.
Q2 20228$539mn.a.n.a.
Q3 202210$350mn.a.n.a.
Q4 20229$325mn.a.n.a.
Q1 20235$387mn.a.n.a.
Q2 20236$409mn.a.n.a.
Q3 20239$429mn.a.n.a.
Q4 20236$403m13
Q1 20249$594m33
Q2 20248$380m34
Q3 20246$331m14
Q4 20246$341m31
Q1 20255$277m22
Q2 20255$285m02
Q3 20254$47m12
Q4 20256$68m254
Q1 20265$61m819
Q2 20264$55m1211

Compare with…

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

BHC and LLY →BHC and JNJ →BHC and VRTX →Choose a stock to compare with BHC →

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