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
17
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 1 listed it in both
Shares listed
8,719,409
combined, among listed positions
Reported value
$98m
combined, at the quarter end

Among the 92 comparable managers: 11 buyers (opened or added shares) and 10 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +455,134.

Managers listing BTDR 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.

17 of 17 holders

ActionFiling
Citadel Advisors LLC1,901,943$21munder 0.1%Added+1,492,39717 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,841,367$21munder 0.1%Added+894,71617 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,704,774$19munder 0.1%Trimmed-888,06017 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP768,303$8.6munder 0.1%Added+348,14817 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP612,150$6.9munder 0.1%Added+328,86017 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors536,037$6.0munder 0.1%Newnew11 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP425,578$4.8munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC232,722$2.6munder 0.1%Trimmed-391,88412 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC149,837$1.7munder 0.1%Added+82,17513 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP104,787$1.2munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC93,219$1.0munder 0.1%Added+42,50613 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC82,694$927kunder 0.1%Trimmed-415,41917 Feb 2026 (the filing on sec.gov)
Invesco Ltd71,930$806kunder 0.1%Added+2,59719 Feb 2026 (the filing on sec.gov)
PDT Partners LLC66,920$750kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc53,977$606kunder 0.1%Added+5,10617 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC39,960$448kunder 0.1%Trimmed-307,07317 Feb 2026 (the filing on sec.gov)
Millennium Management LLC33,211$372kunder 0.1%Trimmed-705,61817 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.
1 in Q3 2023 to 7 in Q2 2026

Tracked managers listing it, at least.

02468Q2 2023Q3 2023Q2 2024Q3 2024Q4 2024Q3 2025Q4 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BTDR by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20231$5.0mn.a.n.a.
Q3 20231$4.3mn.a.n.a.
Q2 20241$5.4m10
Q3 20242$14m10
Q4 20243$49m22
Q3 20251$8.5m01
Q4 20252$6.8m1110
Q1 20265$96m149
Q2 20267$304m217

Compare with…

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

BTDR and V →BTDR and AXP →BTDR and BAC →Choose a stock to compare with BTDR →

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