L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
23
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
27,884,695
combined, among listed positions
Reported value
$1.7bn
combined, at the quarter end

Among the 92 comparable managers: 12 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +9,249,222.

Managers listing ELS 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.

23 of 23 holders

ActionFiling
T. Rowe Price Associates Inc15,948,613$967m0.10%Added+11,999,87417 Feb 2026 (the filing on sec.gov)
MFS Investment Management4,515,322$274m0.09%Trimmed-859,83222 Jan 2026 (the filing on sec.gov)
Arrowstreet Capital LP1,403,418$85munder 0.1%Trimmed-170,83013 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,279,579$78munder 0.1%Added+50,76817 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd808,256$49munder 0.1%Trimmed-177,54417 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC793,023$48m0.21%Added+77,01617 Feb 2026 (the filing on sec.gov)
Invesco Ltd755,620$46munder 0.1%Added+8,96519 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC684,942$42munder 0.1%Trimmed-243,71427 Oct 2026 (the filing on sec.gov)
Millennium Management LLC521,425$32munder 0.1%Trimmed-188,40017 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP283,065$17munder 0.1%Trimmed-31717 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP213,590$13munder 0.1%Added+144,62917 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC212,443$13munder 0.1%Trimmed-298,42117 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC175,286$11munder 0.1%Added+10,16317 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC58,900$3.6munder 0.1%Trimmed-15,30013 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC58,000$3.5munder 0.1%Trimmed-439,30012 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP50,561$3.1munder 0.1%Added+26,43717 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP33,238$2.0m0.07%Newnew10 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC26,337$1.6munder 0.1%Trimmed-4,01013 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC19,626$1.2munder 0.1%Trimmed-352,94917 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP18,955$1.1munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP13,383$811kunder 0.1%Added+2,00817 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP5,900$358kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc5,213$316kunder 0.1%Added+5145 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.
11 in Q3 2024 to 6 in Q2 2026

Tracked managers listing it, at least.

051015202014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
ELS by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20136$753mn.a.n.a.
Q3 20137$727mn.a.n.a.
Q4 20135$735mn.a.n.a.
Q1 20147$810mn.a.n.a.
Q2 20144$841mn.a.n.a.
Q3 20145$815mn.a.n.a.
Q4 20148$1.0bnn.a.n.a.
Q1 20159$1.1bnn.a.n.a.
Q2 20157$1.1bnn.a.n.a.
Q3 20158$1.2bnn.a.n.a.
Q4 20156$1.3bnn.a.n.a.
Q1 20168$1.5bnn.a.n.a.
Q2 20168$1.6bnn.a.n.a.
Q3 20168$1.5bnn.a.n.a.
Q4 201610$1.4bnn.a.n.a.
Q1 20177$1.4bnn.a.n.a.
Q2 20176$1.6bnn.a.n.a.
Q3 20177$1.5bnn.a.n.a.
Q4 20176$1.5bnn.a.n.a.
Q1 20188$1.5bnn.a.n.a.
Q2 20189$1.5bnn.a.n.a.
Q3 201810$1.7bnn.a.n.a.
Q4 20189$1.6bnn.a.n.a.
Q1 201911$1.8bnn.a.n.a.
Q2 201910$1.9bnn.a.n.a.
Q3 201913$2.4bnn.a.n.a.
Q4 20199$2.1bnn.a.n.a.
Q1 202013$1.5bnn.a.n.a.
Q2 202013$1.6bnn.a.n.a.
Q3 202016$1.4bnn.a.n.a.
Q4 202014$1.3bnn.a.n.a.
Q1 202116$1.7bnn.a.n.a.
Q2 202114$2.2bnn.a.n.a.
Q3 202112$2.5bnn.a.n.a.
Q4 202115$2.9bnn.a.n.a.
Q1 202213$2.3bnn.a.n.a.
Q2 202213$2.2bnn.a.n.a.
Q3 202211$1.7bnn.a.n.a.
Q4 20229$1.9bnn.a.n.a.
Q1 202310$1.7bnn.a.n.a.
Q2 20238$2.0bnn.a.n.a.
Q3 20239$1.8bnn.a.n.a.
Q4 20238$1.9bn35
Q1 202413$1.4bn103
Q2 202415$1.2bn105
Q3 202411$1.1bn47
Q4 202412$987m83
Q1 202511$784m66
Q2 202511$738m84
Q3 20258$849m62
Q4 20256$1.4bn1215
Q1 20267$1.6bn1613
Q2 20266$1.5bn1016

Compare with…

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

ELS and WELL →ELS and EQIX →ELS and PLD →Choose a stock to compare with ELS →

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