BW in the 13F filings

Babcock & Wilcox Enterprises · CUSIP 05614L209

Quarter

Q2 2026 Q1 2026 Q4 2025 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Q4 2021 Q3 2021 Q2 2021

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: 21; at least, of 95 tracked, among listed positions
Comparable managers: 92; filed both Q3 2025 and Q4 2025; 0 listed it in both
Shares listed: 15,790,554; combined, among listed positions
Reported value: $100m; combined, at the quarter end

Among the 92 comparable managers: 16 buyers (opened or added shares) and 6 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +876,556.

Managers listing BW 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.

ActionShare of book at least

21 of 21 holders

				Action		Filing
Neuberger Berman Group LLC	6,063,168	$38m	under 0.1%	Trimmed	-128,904	27 Oct 2026 (the filing on sec.gov)
Marshall Wace LLP	3,371,134	$21m	under 0.1%	Added	+1,004,533	13 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC	1,299,462	$8.2m	under 0.1%	Added	+70,298	12 Feb 2026 (the filing on sec.gov)
Millennium Management LLC	1,250,101	$7.9m	under 0.1%	Trimmed	-1,296,399	17 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC	857,507	$5.4m	under 0.1%	Added	+639,712	17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP	791,043	$5.0m	under 0.1%	Added	+450,609	17 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.	772,100	$4.9m	under 0.1%	Held	0	17 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC	345,500	$2.2m	under 0.1%	Added	+295,800	12 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP	339,020	$2.1m	under 0.1%	New	new	13 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC	195,236	$1.2m	under 0.1%	New	new	10 Feb 2026 (the filing on sec.gov)
Polen Capital Management LLC	122,280	$775k	under 0.1%	New	new	12 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC	100,004	$634k	under 0.1%	New	new	13 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC	67,500	$428k	under 0.1%	Trimmed	-812,953	13 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp	49,495	$314k	under 0.1%	Trimmed	-153,251	17 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC	47,984	$304k	under 0.1%	New	new	17 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP	40,300	$256k	under 0.1%	New	new	13 Feb 2026 (the filing on sec.gov)
Winton Group Ltd	32,179	$204k	under 0.1%	New	new	11 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC	20,777	$132k	under 0.1%	New	new	17 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP	13,929	$88k	under 0.1%	Added	+13,915	10 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP	10,091	$64k	under 0.1%	New	new	17 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)	1,744	$11k	under 0.1%	New	new	17 Feb 2026 (the filing on sec.gov)

Largest increases and reductions, by shares

There is no earlier quarter on file to compare with.

Increases

Marshall Wace LLPexisting position · 3,371,134 shares now+1,004,533
Citadel Advisors LLCexisting position · 857,507 shares now+639,712
Susquehanna International Group LLPexisting position · 791,043 shares now+450,609
Arrowstreet Capital LPnew position · 339,020 shares now+339,020
Renaissance Technologies LLCexisting position · 345,500 shares now+295,800

Reductions

Millennium Management LLCexisting position · 1,250,101 shares now-1,296,399
Verition Fund Management LLCexisting position · 67,500 shares now-812,953
Tudor Investment Corpexisting position · 49,495 shares now-153,251
Neuberger Berman Group LLCexisting position · 6,063,168 shares now-128,904

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (10)

Exited (2)

Invesco Ltdwas $255k
Walleye Capital LLCwas $83k

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 Q2 2022 to 2 in Q2 2026

Tracked managers listing it, at least.

the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.

BW by quarter
Quarter	Holders	Reported value	Buyers	Sellers
Q1 2021	1	$56m	n.a.	n.a.
Q2 2021	2	$46m	n.a.	n.a.
Q3 2021	1	$272k	n.a.	n.a.
Q4 2021	2	$52m	n.a.	n.a.
Q1 2022	2	$48m	n.a.	n.a.
Q2 2022	1	$1.4m	n.a.	n.a.
Q3 2022	2	$41m	n.a.	n.a.
Q4 2022	2	$37m	n.a.	n.a.
Q1 2023	2	$40m	n.a.	n.a.
Q2 2023	1	$38m	n.a.	n.a.
Q4 2025	1	$775k	16	6
Q1 2026	5	$144m	16	6
Q2 2026	2	$59m	13	15

Compare with…

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

BW and KLAC →BW and GE →BW and LRCX →Choose a stock to compare with BW →

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

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