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
24
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 5 listed it in both
Shares listed
67,994,889
combined, among listed positions
Reported value
$2.6bn
combined, at the quarter end

Among the 92 comparable managers: 14 buyers (opened or added shares) and 13 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,984,125.

Managers listing DB 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.

24 of 24 holders

ActionFiling
Acadian Asset Management LLC19,876,273$773m1.27%Added+1,086,24810 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)12,519,558$487munder 0.1%Added+499,05317 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC7,969,257$309m0.16%Added+7,687,84117 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd6,938,180$271m0.12%Trimmed-1,739,15217 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP5,518,473$214m0.20%Added+5,330,51313 Feb 2026 (the filing on sec.gov)
Invesco Ltd4,289,794$165munder 0.1%Added+843,17019 Feb 2026 (the filing on sec.gov)
Appaloosa LP3,150,000$121m1.75%Trimmed-640,00017 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC1,817,598$70munder 0.1%Trimmed-435,47412 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP1,177,988$46m0.66%Added+545,98717 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,153,101$44munder 0.1%Added+192,25717 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP800,643$31munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP664,920$26munder 0.1%Trimmed-98,84417 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC648,564$25munder 0.1%Trimmed-72,85517 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP364,750$14munder 0.1%Trimmed-2,035,12417 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp313,973$12munder 0.1%Trimmed-31,58717 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP246,916$9.5m0.32%Added+221,16110 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC235,946$9.1munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP92,124$3.6munder 0.1%Added+77,83217 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC65,470$2.5munder 0.1%Added+14,54927 Oct 2026 (the filing on sec.gov)
Two Sigma Investments LP65,357$2.5munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP33,900$1.3munder 0.1%Trimmed-8,29017 Feb 2026 (the filing on sec.gov)
Capital World Investors19,455$755kunder 0.1%Trimmed-4,422,68611 Feb 2026 (the filing on sec.gov)
Winton Group Ltd17,900$690kunder 0.1%Newnew11 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC14,749$569kunder 0.1%Trimmed-20,77413 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.
3 in Q3 2024 to 9 in Q2 2026

Tracked managers listing it, at least.

0358102014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
DB by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20132$444mn.a.n.a.
Q3 20132$229mn.a.n.a.
Q4 20131$216mn.a.n.a.
Q1 20142$191mn.a.n.a.
Q2 20145$261mn.a.n.a.
Q3 20141$179mn.a.n.a.
Q1 20151$12mn.a.n.a.
Q2 20151$248kn.a.n.a.
Q1 20161$269kn.a.n.a.
Q2 20162$16mn.a.n.a.
Q4 20164$318mn.a.n.a.
Q1 20175$583mn.a.n.a.
Q2 20174$1.2bnn.a.n.a.
Q3 20174$1.0bnn.a.n.a.
Q4 20173$716mn.a.n.a.
Q1 20181$15mn.a.n.a.
Q2 20181$1.7mn.a.n.a.
Q2 20191$8.2mn.a.n.a.
Q3 20191$2.5mn.a.n.a.
Q4 20191$3.3mn.a.n.a.
Q1 20203$561mn.a.n.a.
Q2 20202$743mn.a.n.a.
Q3 20202$660mn.a.n.a.
Q4 20204$1.3bnn.a.n.a.
Q1 20213$1.4bnn.a.n.a.
Q2 20214$1.6bnn.a.n.a.
Q3 20215$1.5bnn.a.n.a.
Q4 20214$1.5bnn.a.n.a.
Q1 20225$1.7bnn.a.n.a.
Q2 20223$227mn.a.n.a.
Q3 20224$113mn.a.n.a.
Q4 20225$1.5bnn.a.n.a.
Q1 20232$102mn.a.n.a.
Q2 20233$151mn.a.n.a.
Q3 20235$298mn.a.n.a.
Q4 20236$812m60
Q1 20243$988m24
Q2 20244$988m31
Q3 20243$1.0bn12
Q4 20244$1.2bn31
Q1 20257$1.1bn34
Q2 20258$1.1bn63
Q3 20256$1.5bn34
Q4 20258$1.8bn1413
Q1 202610$1.5bn1316
Q2 20269$1.8bn1416

Compare with…

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

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

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