- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 10 Feb 2026
- Managers listing it
- 25
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 6 listed it in both
- Shares listed
- 12,784,146
- combined, among listed positions
- Reported value
- $2.9bn
- 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 -308,092.
Managers listing BR in Q4 2025
25 of 25 holders
Largest increases and reductions, by shares
Increases
- Citadel Advisors LLCexisting position · 478,244 shares now+429,071
- Millennium Management LLCexisting position · 296,102 shares now+285,787
- Invesco Ltdexisting position · 1,547,488 shares now+113,806
- AQR Capital Management LLCexisting position · 337,241 shares now+57,795
- Balyasny Asset Management LLCexisting position · 281,223 shares now+57,344
Reductions
- T. Rowe Price Associates Incexisting position · 3,060,010 shares now-527,552
- Janus Henderson Group Ltdexisting position · 2,634,928 shares now-483,124
- Neuberger Berman Group LLCexisting position · 16,032 shares now-135,653
- Jane Street Group LLCexisting position · 3,859 shares now-84,541
- Squarepoint Ops LLCexisting position · 22,492 shares now-83,334
New positions and exits
New (2)
Exited (6)
- Renaissance Technologies LLCwas $13m
- Holocene Advisors LPwas $2.1m
- Marshall Wace LLPwas $1.1m
- Schonfeld Strategic Advisors LLCwas $917k
- Walleye Capital LLCwas $384k
- Freestone Grove Partners LPwas $211k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 2 | $358m | n.a. | n.a. |
| Q3 2013 | 4 | $386m | n.a. | n.a. |
| Q4 2013 | 5 | $432m | n.a. | n.a. |
| Q1 2014 | 4 | $328m | n.a. | n.a. |
| Q2 2014 | 4 | $303m | n.a. | n.a. |
| Q3 2014 | 9 | $349m | n.a. | n.a. |
| Q4 2014 | 6 | $398m | n.a. | n.a. |
| Q1 2015 | 7 | $427m | n.a. | n.a. |
| Q2 2015 | 8 | $371m | n.a. | n.a. |
| Q3 2015 | 11 | $469m | n.a. | n.a. |
| Q4 2015 | 9 | $290m | n.a. | n.a. |
| Q1 2016 | 5 | $182m | n.a. | n.a. |
| Q2 2016 | 5 | $170m | n.a. | n.a. |
| Q3 2016 | 6 | $196m | n.a. | n.a. |
| Q4 2016 | 4 | $164m | n.a. | n.a. |
| Q1 2017 | 5 | $161m | n.a. | n.a. |
| Q2 2017 | 5 | $670m | n.a. | n.a. |
| Q3 2017 | 3 | $689m | n.a. | n.a. |
| Q4 2017 | 6 | $857m | n.a. | n.a. |
| Q1 2018 | 7 | $1.0bn | n.a. | n.a. |
| Q2 2018 | 12 | $1.3bn | n.a. | n.a. |
| Q3 2018 | 19 | $1.8bn | n.a. | n.a. |
| Q4 2018 | 12 | $1.2bn | n.a. | n.a. |
| Q1 2019 | 13 | $1.3bn | n.a. | n.a. |
| Q2 2019 | 11 | $1.5bn | n.a. | n.a. |
| Q3 2019 | 10 | $1.7bn | n.a. | n.a. |
| Q4 2019 | 9 | $1.5bn | n.a. | n.a. |
| Q1 2020 | 12 | $1.1bn | n.a. | n.a. |
| Q2 2020 | 9 | $2.0bn | n.a. | n.a. |
| Q3 2020 | 12 | $2.2bn | n.a. | n.a. |
| Q4 2020 | 8 | $2.6bn | n.a. | n.a. |
| Q1 2021 | 8 | $2.6bn | n.a. | n.a. |
| Q2 2021 | 8 | $2.8bn | n.a. | n.a. |
| Q3 2021 | 10 | $2.7bn | n.a. | n.a. |
| Q4 2021 | 7 | $2.7bn | n.a. | n.a. |
| Q1 2022 | 7 | $2.0bn | n.a. | n.a. |
| Q2 2022 | 7 | $1.7bn | n.a. | n.a. |
| Q3 2022 | 6 | $1.5bn | n.a. | n.a. |
| Q4 2022 | 10 | $1.4bn | n.a. | n.a. |
| Q1 2023 | 7 | $1.5bn | n.a. | n.a. |
| Q2 2023 | 6 | $1.8bn | n.a. | n.a. |
| Q3 2023 | 9 | $2.0bn | n.a. | n.a. |
| Q4 2023 | 9 | $2.4bn | 6 | 3 |
| Q1 2024 | 9 | $2.1bn | 5 | 5 |
| Q2 2024 | 8 | $1.8bn | 5 | 3 |
| Q3 2024 | 13 | $1.8bn | 9 | 3 |
| Q4 2024 | 11 | $2.2bn | 7 | 5 |
| Q1 2025 | 11 | $2.3bn | 6 | 5 |
| Q2 2025 | 9 | $2.2bn | 4 | 5 |
| Q3 2025 | 6 | $2.9bn | 4 | 2 |
| Q4 2025 | 7 | $2.5bn | 16 | 14 |
| Q1 2026 | 14 | $2.4bn | 24 | 8 |
| Q2 2026 | 12 | $1.4bn | 22 | 11 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
BR and V →BR and MA →BR and MCO →Choose a stock to compare with BR →
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 BR, latest filings →Back to the 13F Explorer →