L3VLUP
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

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.

25 of 25 holders

ActionFiling
AllianceBernstein LP3,646,884$814m0.26%Trimmed-43,82117 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc3,060,010$683m0.07%Trimmed-527,55217 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd2,634,928$588m0.26%Trimmed-483,12417 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,547,488$345munder 0.1%Added+113,80619 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC478,244$107munder 0.1%Added+429,07117 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC337,241$75munder 0.1%Added+57,79517 Feb 2026 (the filing on sec.gov)
Millennium Management LLC296,102$66munder 0.1%Added+285,78717 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC281,223$63m0.08%Added+57,34417 Feb 2026 (the filing on sec.gov)
Man Group PLC133,689$30m0.05%Added+24,17217 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)107,597$24munder 0.1%Added+4,12917 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP54,576$12munder 0.1%Added+43,46417 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp47,274$11munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP30,536$6.8m0.05%Newnew17 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC22,492$5.0munder 0.1%Trimmed-83,33413 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP21,352$4.8munder 0.1%Added+12,54313 Feb 2026 (the filing on sec.gov)
Woodline Partners LP19,916$4.4munder 0.1%Added+4,43617 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP19,560$4.4munder 0.1%Added+9,96017 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC16,032$3.6munder 0.1%Trimmed-135,65327 Oct 2026 (the filing on sec.gov)
Wellington Management Group LLP8,110$1.8munder 0.1%Added+31517 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC7,931$1.8munder 0.1%Added+80713 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP4,436$990kunder 0.1%Added+2,88617 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC3,859$861kunder 0.1%Trimmed-84,54112 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP2,701$603kunder 0.1%Trimmed-25710 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,479$330kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC486$107kunder 0.1%Trimmed-1,38610 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.

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 12 in Q2 2026

Tracked managers listing it, at least.

051015202014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BR by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20132$358mn.a.n.a.
Q3 20134$386mn.a.n.a.
Q4 20135$432mn.a.n.a.
Q1 20144$328mn.a.n.a.
Q2 20144$303mn.a.n.a.
Q3 20149$349mn.a.n.a.
Q4 20146$398mn.a.n.a.
Q1 20157$427mn.a.n.a.
Q2 20158$371mn.a.n.a.
Q3 201511$469mn.a.n.a.
Q4 20159$290mn.a.n.a.
Q1 20165$182mn.a.n.a.
Q2 20165$170mn.a.n.a.
Q3 20166$196mn.a.n.a.
Q4 20164$164mn.a.n.a.
Q1 20175$161mn.a.n.a.
Q2 20175$670mn.a.n.a.
Q3 20173$689mn.a.n.a.
Q4 20176$857mn.a.n.a.
Q1 20187$1.0bnn.a.n.a.
Q2 201812$1.3bnn.a.n.a.
Q3 201819$1.8bnn.a.n.a.
Q4 201812$1.2bnn.a.n.a.
Q1 201913$1.3bnn.a.n.a.
Q2 201911$1.5bnn.a.n.a.
Q3 201910$1.7bnn.a.n.a.
Q4 20199$1.5bnn.a.n.a.
Q1 202012$1.1bnn.a.n.a.
Q2 20209$2.0bnn.a.n.a.
Q3 202012$2.2bnn.a.n.a.
Q4 20208$2.6bnn.a.n.a.
Q1 20218$2.6bnn.a.n.a.
Q2 20218$2.8bnn.a.n.a.
Q3 202110$2.7bnn.a.n.a.
Q4 20217$2.7bnn.a.n.a.
Q1 20227$2.0bnn.a.n.a.
Q2 20227$1.7bnn.a.n.a.
Q3 20226$1.5bnn.a.n.a.
Q4 202210$1.4bnn.a.n.a.
Q1 20237$1.5bnn.a.n.a.
Q2 20236$1.8bnn.a.n.a.
Q3 20239$2.0bnn.a.n.a.
Q4 20239$2.4bn63
Q1 20249$2.1bn55
Q2 20248$1.8bn53
Q3 202413$1.8bn93
Q4 202411$2.2bn75
Q1 202511$2.3bn65
Q2 20259$2.2bn45
Q3 20256$2.9bn42
Q4 20257$2.5bn1614
Q1 202614$2.4bn248
Q2 202612$1.4bn2211

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 →