L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 4 Feb 2026
Managers listing it
23
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 2 listed it in both
Shares listed
3,211,837
combined, among listed positions
Reported value
$137m
combined, at the quarter end

Among the 92 comparable managers: 10 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -116,548.

Managers listing BHE 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.

23 of 23 holders

ActionFiling
Invesco Ltd920,178$39munder 0.1%Trimmed-35,21819 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP561,495$24munder 0.1%Added+54,79917 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)305,382$13munder 0.1%Added+54,20917 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC250,469$11munder 0.1%Added+12,0004 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP181,488$7.8munder 0.1%Added+114,13117 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC169,237$7.2munder 0.1%Added+5,77012 Feb 2026 (the filing on sec.gov)
Millennium Management LLC143,569$6.1munder 0.1%Trimmed-197,88817 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC91,973$3.9munder 0.1%Added+72217 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP84,078$3.6munder 0.1%Trimmed-2,89313 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP65,900$2.8munder 0.1%Added+34,10017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC59,427$2.5munder 0.1%Added+1,37517 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.53,585$2.3munder 0.1%Trimmed-30,88017 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP48,418$2.1munder 0.1%Trimmed-15,01317 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc38,340$1.6munder 0.1%Added+1,79217 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc37,678$1.6munder 0.1%Trimmed-5,8205 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP37,330$1.6munder 0.1%Trimmed-2617 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP34,570$1.5munder 0.1%Trimmed-45,35617 Feb 2026 (the filing on sec.gov)
Winton Group Ltd30,468$1.3munder 0.1%Trimmed-1,72111 Feb 2026 (the filing on sec.gov)
Man Group PLC27,846$1.2munder 0.1%Trimmed-26,53217 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp27,578$1.2munder 0.1%Added+10,84817 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC20,779$889kunder 0.1%Trimmed-15,22413 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd15,687$671kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP6,362$272kunder 0.1%Trimmed-3,83717 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.

New (0)

No new position among listed positions.

Exited (2)

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.
2 in Q3 2024 to 3 in Q2 2026

Tracked managers listing it, at least.

024620142015201620172018201920202023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BHE by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20132$37mn.a.n.a.
Q3 20134$69mn.a.n.a.
Q4 20135$77mn.a.n.a.
Q1 20145$67mn.a.n.a.
Q2 20143$74mn.a.n.a.
Q3 20143$63mn.a.n.a.
Q4 20143$69mn.a.n.a.
Q1 20154$65mn.a.n.a.
Q2 20154$57mn.a.n.a.
Q3 20154$45mn.a.n.a.
Q4 20154$50mn.a.n.a.
Q1 20163$78mn.a.n.a.
Q2 20163$74mn.a.n.a.
Q3 20163$88mn.a.n.a.
Q4 20163$98mn.a.n.a.
Q1 20173$81mn.a.n.a.
Q2 20174$86mn.a.n.a.
Q3 20173$73mn.a.n.a.
Q4 20174$48mn.a.n.a.
Q1 20183$49mn.a.n.a.
Q2 20181$40mn.a.n.a.
Q3 20181$53mn.a.n.a.
Q4 20182$48mn.a.n.a.
Q1 20191$9.0mn.a.n.a.
Q4 20191$5.7mn.a.n.a.
Q1 20201$634kn.a.n.a.
Q2 20201$1.0mn.a.n.a.
Q4 20221$300kn.a.n.a.
Q1 20232$1.0mn.a.n.a.
Q2 20233$3.9mn.a.n.a.
Q3 20233$6.9mn.a.n.a.
Q4 20232$8.6m10
Q1 20244$11m40
Q2 20244$13m22
Q3 20242$14m11
Q4 20243$12m12
Q1 20252$10m20
Q2 20252$10.0m11
Q3 20253$11m30
Q4 20252$12m1014
Q1 20264$22m198
Q2 20263$43m2210

Compare with…

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

BHE and AAPL →BHE and SNDK →BHE and CSCO →Choose a stock to compare with BHE →

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