L3VLUP
Quarter end
30 Jun 2026
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 31 Jul 2026
Managers listing it
34
at least, of 95 tracked, among listed positions
Comparable managers
91
filed both Q1 2026 and Q2 2026; 13 listed it in both
Shares listed
270,104,442
combined, among listed positions
Reported value
$11.6bn
combined, at the quarter end

1 line marked †. Value as filed implies a price far from other filers'. Each counts in holders and value as filed, and is left out of the net change in shares.

AllianceBernstein LP. Values in this filing are at the previous quarter end's prices; its share count is the quarter end's.

Among the 91 comparable managers: 16 buyers (opened or added shares) and 21 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -24,058,807.

Managers listing BN in Q2 2026

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 2026, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

34 of 34 holders

ActionFiling
Capital World Investors78,684,708$3.4bn0.40%Trimmed-3,655,96712 Aug 2026 (the filing on sec.gov)
Dodge & Cox61,210,651$2.6bn1.36%Added+2,023,79613 Aug 2026 (the filing on sec.gov)
Pershing Square Capital Management LP57,481,047$2.4bn12.58%Trimmed-2,216,16114 Aug 2026 (the filing on sec.gov)
Markel Group Inc13,073,609$557m4.24%Held031 Jul 2026 (the filing on sec.gov)
Akre Capital Management LLC12,119,927$516m10.08%Trimmed-4,907,15014 Aug 2026 (the filing on sec.gov)
Fidelity (FMR LLC)11,765,054$502munder 0.1%Added+218,24413 Aug 2026 (the filing on sec.gov)
Neuberger Berman Group LLC7,053,087$300m0.20%Trimmed-96,59127 Oct 2026 (the filing on sec.gov)
Baillie Gifford & Co5,838,391$249m0.23%Trimmed-777,6426 Aug 2026 (the filing on sec.gov)
MFS Investment Management† Value as filed implies a price far from other filers'.4,030,678$218m0.07%Added+398,3583 Aug 2026 (the filing on sec.gov)
Capital Research Global Investors3,734,786$159munder 0.1%Trimmed-554,60312 Aug 2026 (the filing on sec.gov)
D. E. Shaw & Co.2,694,174$115m0.05%Trimmed-906,45414 Aug 2026 (the filing on sec.gov)
Jane Street Group LLC2,127,245$91munder 0.1%Trimmed-1,994,42314 Aug 2026 (the filing on sec.gov)
Arrowstreet Capital LP1,816,951$77munder 0.1%Newnew13 Aug 2026 (the filing on sec.gov)
Wellington Management Group LLP1,724,065$73munder 0.1%Added+43,25414 Aug 2026 (the filing on sec.gov)
Voloridge Investment Management LLC1,566,315$67m0.28%Added+726,65314 Aug 2026 (the filing on sec.gov)
Invesco Ltd1,235,522$53munder 0.1%Trimmed-3,375,12014 Aug 2026 (the filing on sec.gov)
Lone Pine Capital LLC792,717$34m0.21%Trimmed-10,416,25214 Aug 2026 (the filing on sec.gov)
Point72 Asset Management LP633,708$27munder 0.1%Newnew14 Aug 2026 (the filing on sec.gov)
Two Sigma Investments LP502,553$21munder 0.1%Trimmed-87,36814 Aug 2026 (the filing on sec.gov)
Man Group PLC349,587$15munder 0.1%Added+147,04514 Aug 2026 (the filing on sec.gov)
Janus Henderson Group Ltd328,684$14munder 0.1%Trimmed-12,83614 Aug 2026 (the filing on sec.gov)
AQR Capital Management LLC324,994$14munder 0.1%Added+155,37414 Aug 2026 (the filing on sec.gov)
Millennium Management LLC305,796$13munder 0.1%Added+96,55914 Aug 2026 (the filing on sec.gov)
AllianceBernstein LP253,205$10munder 0.1%Trimmed-38314 Aug 2026 (the filing on sec.gov)
Marshall Wace LLP119,027$5.1munder 0.1%Newnew13 Aug 2026 (the filing on sec.gov)
Page 1 of 2

What managers have written about BN

Shown because the letter names the company. A letter is commentary; it is not a record of why a position changed.

By writers not tracked in the 13F universe

Their positions are not shown: no 13F filings of theirs are tracked here.

Every letter beside its positions →

Largest increases and reductions, by shares

Q1 2026 to Q2 2026, 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.
13 in Q3 2024 to 15 in Q2 2026

Tracked managers listing it, at least.

051015Q4 2022Q2 2023Q4 2023Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BN by quarter
QuarterHoldersReported valueBuyersSellers
Q4 202212$2.8bnn.a.n.a.
Q1 202310$2.3bnn.a.n.a.
Q2 202311$2.5bnn.a.n.a.
Q3 20238$2.2bnn.a.n.a.
Q4 20239$4.5bn44
Q1 202411$4.6bn72
Q2 202411$4.9bn73
Q3 202413$8.1bn58
Q4 202413$9.2bn75
Q1 202513$8.9bn75
Q2 202513$10.9bn66
Q3 202515$12.5bn67
Q4 202515$14.2bn267
Q1 202614$11.1bn2113
Q2 202615$10.7bn1621

Compare with…

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

BN and WELL →BN and EQIX →BN and PLD →Choose a stock to compare with BN →

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