- 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
- 33
- 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
- 39,444,018
- combined, among listed positions
- Reported value
- $4.5bn
- combined, at the quarter end
Among the 92 comparable managers: 23 buyers (opened or added shares) and 13 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,526,404.
Managers listing DVA in Q4 2025
33 of 33 holders
Largest increases and reductions, by shares
Increases
- Arrowstreet Capital LPexisting position · 1,190,000 shares now+636,191
- D. E. Shaw & Co.existing position · 505,332 shares now+429,555
- Millennium Management LLCexisting position · 852,380 shares now+394,444
- Tudor Investment Corpexisting position · 324,246 shares now+219,300
- Renaissance Technologies LLCnew position · 171,500 shares now+171,500
Reductions
- Berkshire Hathaway Incexisting position · 31,759,065 shares now-401,514
- Fidelity (FMR LLC)existing position · 18,495 shares now-115,101
- Citadel Advisors LLCexisting position · 361,471 shares now-88,734
- Marshall Wace LLPexisting position · 2,600 shares now-42,833
- Verition Fund Management LLCexisting position · 52,056 shares now-27,008
New positions and exits
New (3)
Exited (3)
- Holocene Advisors LPwas $18m
- Winton Group Ltdwas $5.8m
- Hudson Bay Capital Management LPwas $347k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 13 | $2.8bn | n.a. | n.a. |
| Q3 2013 | 10 | $2.6bn | n.a. | n.a. |
| Q4 2013 | 14 | $3.7bn | n.a. | n.a. |
| Q1 2014 | 17 | $4.0bn | n.a. | n.a. |
| Q2 2014 | 17 | $4.2bn | n.a. | n.a. |
| Q3 2014 | 15 | $4.7bn | n.a. | n.a. |
| Q4 2014 | 20 | $5.3bn | n.a. | n.a. |
| Q1 2015 | 17 | $6.0bn | n.a. | n.a. |
| Q2 2015 | 23 | $5.6bn | n.a. | n.a. |
| Q3 2015 | 20 | $5.2bn | n.a. | n.a. |
| Q4 2015 | 23 | $4.6bn | n.a. | n.a. |
| Q1 2016 | 19 | $4.7bn | n.a. | n.a. |
| Q2 2016 | 23 | $5.2bn | n.a. | n.a. |
| Q3 2016 | 15 | $3.4bn | n.a. | n.a. |
| Q4 2016 | 15 | $3.2bn | n.a. | n.a. |
| Q1 2017 | 16 | $3.3bn | n.a. | n.a. |
| Q2 2017 | 14 | $3.0bn | n.a. | n.a. |
| Q3 2017 | 15 | $3.0bn | n.a. | n.a. |
| Q4 2017 | 16 | $3.5bn | n.a. | n.a. |
| Q1 2018 | 22 | $3.2bn | n.a. | n.a. |
| Q2 2018 | 14 | $3.3bn | n.a. | n.a. |
| Q3 2018 | 17 | $3.4bn | n.a. | n.a. |
| Q4 2018 | 16 | $2.5bn | n.a. | n.a. |
| Q1 2019 | 16 | $2.7bn | n.a. | n.a. |
| Q2 2019 | 9 | $2.8bn | n.a. | n.a. |
| Q3 2019 | 10 | $2.5bn | n.a. | n.a. |
| Q4 2019 | 15 | $3.2bn | n.a. | n.a. |
| Q1 2020 | 13 | $3.2bn | n.a. | n.a. |
| Q2 2020 | 10 | $3.2bn | n.a. | n.a. |
| Q3 2020 | 7 | $3.1bn | n.a. | n.a. |
| Q4 2020 | 4 | $4.4bn | n.a. | n.a. |
| Q1 2021 | 6 | $4.2bn | n.a. | n.a. |
| Q2 2021 | 10 | $4.9bn | n.a. | n.a. |
| Q3 2021 | 10 | $4.4bn | n.a. | n.a. |
| Q4 2021 | 10 | $4.3bn | n.a. | n.a. |
| Q1 2022 | 9 | $4.3bn | n.a. | n.a. |
| Q2 2022 | 8 | $2.9bn | n.a. | n.a. |
| Q3 2022 | 7 | $3.0bn | n.a. | n.a. |
| Q4 2022 | 6 | $2.7bn | n.a. | n.a. |
| Q1 2023 | 10 | $3.0bn | n.a. | n.a. |
| Q2 2023 | 10 | $3.9bn | n.a. | n.a. |
| Q3 2023 | 10 | $3.7bn | n.a. | n.a. |
| Q4 2023 | 8 | $3.9bn | 4 | 4 |
| Q1 2024 | 13 | $5.2bn | 10 | 2 |
| Q2 2024 | 8 | $5.1bn | 6 | 2 |
| Q3 2024 | 12 | $6.1bn | 8 | 3 |
| Q4 2024 | 10 | $5.5bn | 2 | 7 |
| Q1 2025 | 9 | $5.6bn | 5 | 4 |
| Q2 2025 | 11 | $5.0bn | 6 | 4 |
| Q3 2025 | 13 | $4.6bn | 7 | 7 |
| Q4 2025 | 13 | $4.1bn | 23 | 13 |
| Q1 2026 | 9 | $5.1bn | 14 | 22 |
| Q2 2026 | 10 | $7.2bn | 16 | 22 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
DVA and UNH →DVA and ELV →DVA and CI →Choose a stock to compare with DVA →
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 DVA, latest filings →Back to the 13F Explorer →