L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
15 May 2025
latest of these filings; the earliest 12 May 2025
Managers listing it
7
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 5 listed it in both
Shares listed
91,173,894
combined, among listed positions
Reported value
$260m
combined, at the quarter end

Among the 95 comparable managers: 5 buyers (opened or added shares) and 2 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +19,096,111.

Managers listing BTG in Q1 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2024, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

7 of 7 holders

ActionFiling
Two Sigma Investments LP23,850,280$68m0.15%Added+8,865,45215 May 2025 (the filing on sec.gov)
Two Sigma Advisers LP22,281,980$64m0.14%Added+1,606,58015 May 2025 (the filing on sec.gov)
Renaissance Technologies LLC15,773,222$45m0.07%Trimmed-11,413,43314 May 2025 (the filing on sec.gov)
Arrowstreet Capital LP15,602,809$44munder 0.1%Newnew14 May 2025 (the filing on sec.gov)
First Eagle Investment Management LLC12,842,101$37m0.08%Added+4,509,58712 May 2025 (the filing on sec.gov)
Quantbot Technologies LP680,502$1.9m0.06%Trimmed-217,88413 May 2025 (the filing on sec.gov)
Artisan Partners LP143,000$406kunder 0.1%Newnew14 May 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q4 2024 to Q1 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.

Exited (0)

No exit shown by a manager’s own filing.

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.
4 in Q3 2024 to 5 in Q2 2026

Tracked managers listing it, at least.

035810201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BTG by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20152$6.3mn.a.n.a.
Q3 20151$6.3mn.a.n.a.
Q4 20151$7.8mn.a.n.a.
Q1 20161$13mn.a.n.a.
Q2 20163$370mn.a.n.a.
Q3 20163$398mn.a.n.a.
Q4 20164$362mn.a.n.a.
Q1 20174$425mn.a.n.a.
Q2 20174$426mn.a.n.a.
Q3 20174$414mn.a.n.a.
Q4 20173$459mn.a.n.a.
Q1 20183$431mn.a.n.a.
Q2 20183$410mn.a.n.a.
Q3 20183$350mn.a.n.a.
Q4 20185$465mn.a.n.a.
Q1 20196$424mn.a.n.a.
Q2 20197$521mn.a.n.a.
Q3 20198$609mn.a.n.a.
Q4 20198$753mn.a.n.a.
Q1 20208$609mn.a.n.a.
Q2 202010$1.1bnn.a.n.a.
Q3 20209$1.2bnn.a.n.a.
Q4 202010$1.0bnn.a.n.a.
Q1 20217$791mn.a.n.a.
Q2 20214$280mn.a.n.a.
Q3 20213$203mn.a.n.a.
Q4 20215$289mn.a.n.a.
Q1 20225$367mn.a.n.a.
Q2 20225$309mn.a.n.a.
Q3 20224$239mn.a.n.a.
Q4 20224$252mn.a.n.a.
Q1 20234$289mn.a.n.a.
Q2 20236$248mn.a.n.a.
Q3 20237$196mn.a.n.a.
Q4 20235$198m15
Q1 20245$178m33
Q2 20245$182m23
Q3 20244$241m30
Q4 20245$176m32
Q1 20257$260m52
Q2 20256$370m60
Q3 20259$882m45
Q4 202510$591m2113
Q1 202610$566m1618
Q2 20265$226m1120

Compare with…

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

BTG and LIN →BTG and GLW →BTG and HWM →Choose a stock to compare with BTG →

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