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
34
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
75,118,883
combined, among listed positions
Reported value
$1.8bn
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +19,402,002.

Managers listing DOW 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.

34 of 34 holders

ActionFiling
Capital Research Global Investors11,191,231$262munder 0.1%Trimmed-529,88211 Feb 2026 (the filing on sec.gov)
Invesco Ltd11,104,462$260munder 0.1%Added+1,018,63919 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)6,476,522$151munder 0.1%Added+2,290,43317 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC5,096,202$119m0.09%Added+2,201,13227 Oct 2026 (the filing on sec.gov)
Jane Street Group LLC4,944,460$116munder 0.1%Added+3,932,65212 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP3,971,170$93m0.19%Trimmed-1,527,34817 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP3,761,223$88m0.12%Added+2,378,28017 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.3,734,101$87munder 0.1%Added+3,053,76817 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC3,729,954$87m0.31%Added+395,90317 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP3,611,200$84m0.16%Added+2,269,30017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP2,654,087$62m0.06%Added+2,213,47913 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP2,433,072$57munder 0.1%Added+1,792,46917 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC2,078,381$49munder 0.1%Added+375,39117 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,731,953$40munder 0.1%Trimmed-57,24217 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC1,681,009$39munder 0.1%Added+18,05613 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,478,500$35m0.05%Newnew12 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,134,987$27munder 0.1%Added+1,069,11017 Feb 2026 (the filing on sec.gov)
Woodline Partners LP1,077,653$25m0.10%Added+8,03717 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP950,159$22munder 0.1%Trimmed-146,10417 Feb 2026 (the filing on sec.gov)
Man Group PLC702,620$16munder 0.1%Added+444,29917 Feb 2026 (the filing on sec.gov)
Millennium Management LLC427,868$10munder 0.1%Trimmed-2,380,14417 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP227,821$5.3munder 0.1%Trimmed-166,90817 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP200,482$4.7m0.16%Trimmed-225,68810 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC191,982$4.5munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP179,798$4.2munder 0.1%Added+43,06317 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.
6 in Q3 2024 to 19 in Q2 2026

Tracked managers listing it, at least.

0510152020192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
DOW by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20193$145mn.a.n.a.
Q2 201914$3.3bnn.a.n.a.
Q3 201914$3.5bnn.a.n.a.
Q4 201911$4.1bnn.a.n.a.
Q1 202012$1.9bnn.a.n.a.
Q2 20209$3.5bnn.a.n.a.
Q3 202013$4.1bnn.a.n.a.
Q4 202018$5.0bnn.a.n.a.
Q1 202116$5.3bnn.a.n.a.
Q2 202111$4.7bnn.a.n.a.
Q3 202114$3.7bnn.a.n.a.
Q4 202115$3.2bnn.a.n.a.
Q1 202216$3.4bnn.a.n.a.
Q2 202218$2.2bnn.a.n.a.
Q3 202212$1.6bnn.a.n.a.
Q4 202213$1.8bnn.a.n.a.
Q1 202312$1.5bnn.a.n.a.
Q2 202312$1.3bnn.a.n.a.
Q3 202316$1.4bnn.a.n.a.
Q4 20239$1.1bn37
Q1 202411$1.2bn65
Q2 20248$956m46
Q3 20246$1.0bn51
Q4 20249$984m45
Q1 20259$1.2bn72
Q2 20258$1.1bn64
Q3 202512$679m85
Q4 202514$991m1915
Q1 202619$2.9bn1816
Q2 202619$2.3bn2413

Compare with…

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

DOW and LIN →DOW and GLW →DOW and HWM →Choose a stock to compare with DOW →

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