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
22
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
9,985,902
combined, among listed positions
Reported value
$41m
combined, at the quarter end

Among the 92 comparable managers: 15 buyers (opened or added shares) and 7 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +663,318.

Managers listing CMRC 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.

22 of 22 holders

ActionFiling
Acadian Asset Management LLC2,405,546$9.9munder 0.1%Added+627,09910 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,501,976$6.2munder 0.1%Trimmed-385,54513 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,188,700$4.9munder 0.1%Trimmed-40,20012 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.985,008$4.1munder 0.1%Added+49,58317 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC831,470$3.4munder 0.1%Added+63,62717 Feb 2026 (the filing on sec.gov)
Millennium Management LLC563,720$2.3munder 0.1%Trimmed-83,73417 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP477,910$2.0munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC439,828$1.8munder 0.1%Added+23,28312 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC333,262$1.4munder 0.1%Trimmed-216,98017 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)246,249$1.0munder 0.1%Added+2,12917 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP223,135$919kunder 0.1%Added+8,10717 Feb 2026 (the filing on sec.gov)
Invesco Ltd153,255$631kunder 0.1%Added+40,41719 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP128,400$529kunder 0.1%Added+29,90017 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP105,700$435kunder 0.1%Added+3,86117 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP101,160$417kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc99,209$409kunder 0.1%Added+2,95017 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC70,400$290kunder 0.1%Trimmed-5,84413 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP41,272$170kunder 0.1%Added+41,24710 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP38,026$157kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP20,080$83kunder 0.1%Trimmed-23,47117 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP18,496$76kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Winton Group Ltd13,100$54kunder 0.1%Newnew11 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.
4 in Q3 2022 to 1 in Q4 2025

Tracked managers listing it, at least.

02468Q3 2020Q1 2021Q3 2021Q1 2022Q3 2022Q2 2023Q4 2023Q3 2025Q4 2025
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
CMRC by quarter
QuarterHoldersReported valueBuyersSellers
Q3 20206$192mn.a.n.a.
Q4 20205$138mn.a.n.a.
Q1 20217$303mn.a.n.a.
Q2 20218$519mn.a.n.a.
Q3 20217$359mn.a.n.a.
Q4 20218$310mn.a.n.a.
Q1 20225$90mn.a.n.a.
Q2 20223$57mn.a.n.a.
Q3 20224$138mn.a.n.a.
Q1 20232$14mn.a.n.a.
Q2 20231$1.3mn.a.n.a.
Q3 20231$237kn.a.n.a.
Q4 20231$236k10
Q1 20251$681k10
Q3 20251$8.9m10
Q4 20251$9.9m157

Compare with…

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

CMRC and GOOGL →CMRC and AMZN →CMRC and MSFT →Choose a stock to compare with CMRC →

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