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
30
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 7 listed it in both
Shares listed
4,606,377
combined, among listed positions
Reported value
$583m
combined, at the quarter end

Among the 92 comparable managers: 18 buyers (opened or added shares) and 13 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,753,079.

Managers listing CFR 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.

30 of 30 holders

ActionFiling
Janus Henderson Group Ltd964,846$122m0.05%Trimmed-91,13917 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC794,892$101m0.07%Trimmed-624,22127 Oct 2026 (the filing on sec.gov)
Two Sigma Investments LP322,868$41m0.06%Trimmed-51,10917 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)313,583$40munder 0.1%Trimmed-1,003,42517 Feb 2026 (the filing on sec.gov)
Millennium Management LLC265,937$34munder 0.1%Added+31,75817 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP210,800$27m0.05%Added+11,10017 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP185,264$23munder 0.1%Added+5,73913 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP153,492$19m0.07%Added+14,96813 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.148,630$19munder 0.1%Added+13,35217 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC146,842$19munder 0.1%Added+69,22317 Feb 2026 (the filing on sec.gov)
Invesco Ltd139,371$18munder 0.1%Added+15,60619 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP134,356$17munder 0.1%Trimmed-87,42117 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC130,944$17m0.07%Added+45,25413 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC130,200$16munder 0.1%Trimmed-8,20012 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC113,300$14munder 0.1%Added+5,34117 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC102,467$13munder 0.1%Added+68,37013 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP79,592$10munder 0.1%Trimmed-54,50417 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC55,341$7.0munder 0.1%Added+43,75812 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc51,593$6.5munder 0.1%Added+2,33917 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC31,620$4.0munder 0.1%Added+12,04817 Feb 2026 (the filing on sec.gov)
Man Group PLC31,180$3.9munder 0.1%Added+21,32517 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC21,135$2.7munder 0.1%Trimmed-9,51017 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC18,377$2.3munder 0.1%Newnew10 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp14,166$1.8munder 0.1%Trimmed-28,87017 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP13,616$1.7munder 0.1%Trimmed-14,63017 Feb 2026 (the filing on sec.gov)
Page 1 of 2

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.
5 in Q3 2024 to 6 in Q2 2026

Tracked managers listing it, at least.

0510152014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
CFR by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20133$293mn.a.n.a.
Q3 20133$304mn.a.n.a.
Q4 20132$312mn.a.n.a.
Q1 20145$339mn.a.n.a.
Q2 20144$340mn.a.n.a.
Q3 20144$308mn.a.n.a.
Q4 201410$265mn.a.n.a.
Q1 20152$176mn.a.n.a.
Q2 20153$305mn.a.n.a.
Q3 20153$243mn.a.n.a.
Q4 20152$248mn.a.n.a.
Q1 20162$279mn.a.n.a.
Q2 20164$644mn.a.n.a.
Q3 20164$727mn.a.n.a.
Q4 20167$873mn.a.n.a.
Q1 20178$957mn.a.n.a.
Q2 20178$952mn.a.n.a.
Q3 20176$930mn.a.n.a.
Q4 20176$853mn.a.n.a.
Q1 20186$1.1bnn.a.n.a.
Q2 20189$994mn.a.n.a.
Q3 201811$687mn.a.n.a.
Q4 20189$581mn.a.n.a.
Q1 20196$645mn.a.n.a.
Q2 20197$633mn.a.n.a.
Q3 20196$621mn.a.n.a.
Q4 20197$664mn.a.n.a.
Q1 20208$388mn.a.n.a.
Q2 20206$537mn.a.n.a.
Q3 202010$450mn.a.n.a.
Q4 20209$564mn.a.n.a.
Q1 20218$795mn.a.n.a.
Q2 20218$900mn.a.n.a.
Q3 20219$945mn.a.n.a.
Q4 20218$935mn.a.n.a.
Q1 20228$1.1bnn.a.n.a.
Q2 202210$616mn.a.n.a.
Q3 202212$952mn.a.n.a.
Q4 202214$706mn.a.n.a.
Q1 202311$440mn.a.n.a.
Q2 20237$365mn.a.n.a.
Q3 20237$276mn.a.n.a.
Q4 20239$317m54
Q1 20244$288m22
Q2 20245$263m22
Q3 20245$271m22
Q4 20244$324m12
Q1 20252$250m11
Q2 20255$331m50
Q3 20257$419m61
Q4 20256$326m1813
Q1 20265$561m1020
Q2 20266$1.1bn1616

Compare with…

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

CFR and BAC →CFR and JPM →CFR and WFC →Choose a stock to compare with CFR →

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