L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
26
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 8 listed it in both
Shares listed
55,370,406
combined, among listed positions
Reported value
$2.1bn
combined, at the quarter end

Among the 92 comparable managers: 14 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,796,338.

Managers listing BTSG 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.

26 of 26 holders

ActionFiling
Fidelity (FMR LLC)22,679,459$849munder 0.1%Trimmed-2,325,09717 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc10,662,236$399munder 0.1%Added+478,43617 Feb 2026 (the filing on sec.gov)
Invesco Ltd10,595,232$397munder 0.1%Added+1,248,10719 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP4,410,370$165m0.05%Trimmed-739,07317 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,687,215$63m0.06%Added+418,93513 Feb 2026 (the filing on sec.gov)
Woodline Partners LP1,220,564$46m0.18%Added+370,41017 Feb 2026 (the filing on sec.gov)
Millennium Management LLC868,106$33munder 0.1%Added+348,98817 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP653,491$24munder 0.1%Added+333,35713 Feb 2026 (the filing on sec.gov)
Man Group PLC584,437$22munder 0.1%Added+207,21617 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC504,889$19m0.06%Added+313,82213 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP275,372$10munder 0.1%Trimmed-179,08117 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC193,401$7.2munder 0.1%Added+67,39013 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP161,296$6.0munder 0.1%Trimmed-187,13817 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC147,898$5.5munder 0.1%Trimmed-106,04917 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.116,886$4.4munder 0.1%Added+64,09017 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC97,415$3.6munder 0.1%Trimmed-85,94613 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP95,431$3.6munder 0.1%Added+68,03117 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP95,316$3.6munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP75,083$2.8munder 0.1%Trimmed-38,58817 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC67,200$2.5munder 0.1%Added+12,83217 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd41,456$1.6munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP38,016$1.4munder 0.1%Trimmed-60,45810 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP32,500$1.2munder 0.1%Trimmed-239,60017 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC31,606$1.2munder 0.1%Newnew10 Feb 2026 (the filing on sec.gov)
Farallon Capital Management LLC22,000$824kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
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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.
3 in Q3 2024 to 16 in Q2 2026

Tracked managers listing it, at least.

05101520Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
BTSG by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20244$25m40
Q2 20241$250k02
Q3 20243$110m20
Q4 20242$92m01
Q1 20255$611m31
Q2 202511$874m73
Q3 20258$1.3bn34
Q4 202511$2.0bn1414
Q1 202610$2.3bn1712
Q2 202616$3.5bn1914

Compare with…

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

BTSG and UNH →BTSG and ELV →BTSG and CI →Choose a stock to compare with BTSG →

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