L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
34
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 20 listed it in both
Shares listed
77,513,117
combined, among listed positions
Reported value
$6.6bn
combined, at the quarter end

Among the 92 comparable managers: 22 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +5,802,426.

Managers listing EW 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
Wellington Management Group LLP21,793,949$1.9bn0.33%Added+989,53317 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)16,582,547$1.4bn0.07%Added+2,003,73517 Feb 2026 (the filing on sec.gov)
Millennium Management LLC6,080,938$518m0.22%Added+4,301,24117 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP5,925,627$505m0.46%Added+2,359,12813 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,461,198$295munder 0.1%Trimmed-109,01819 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP2,512,284$214m0.07%Added+1,480,05517 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP2,251,043$192m0.40%Trimmed-2,495,65117 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC2,241,751$191m0.10%Added+160,40517 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC2,203,927$188munder 0.1%Trimmed-2,030,64317 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc2,126,755$181munder 0.1%Added+1,267,91817 Feb 2026 (the filing on sec.gov)
Man Group PLC1,610,036$137m0.23%Trimmed-357,39717 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC1,574,391$134m0.17%Added+503,93117 Feb 2026 (the filing on sec.gov)
Artisan Partners LP1,166,715$99m0.15%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd1,146,619$98munder 0.1%Added+12,97617 Feb 2026 (the filing on sec.gov)
Woodline Partners LP1,070,634$91m0.35%Added+511,09817 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC926,123$79m0.13%Added+73,87010 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP661,600$56m0.19%Trimmed-271,12013 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC591,500$50munder 0.1%Trimmed-969,64812 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co516,311$44munder 0.1%Trimmed-55,93623 Jan 2026 (the filing on sec.gov)
Point72 Asset Management LP444,367$38munder 0.1%Trimmed-287,69117 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP428,621$37munder 0.1%Added+146,65113 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP391,386$33munder 0.1%Added+319,18617 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC328,766$28munder 0.1%Trimmed-15,63727 Oct 2026 (the filing on sec.gov)
Susquehanna International Group LLP289,971$25munder 0.1%Added+46,19417 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP284,292$24m0.19%Added+263,01617 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.
19 in Q3 2024 to 25 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
EW by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20136$2.5bnn.a.n.a.
Q3 201314$2.3bnn.a.n.a.
Q4 20138$2.4bnn.a.n.a.
Q1 201410$2.9bnn.a.n.a.
Q2 20147$3.0bnn.a.n.a.
Q3 201413$2.9bnn.a.n.a.
Q4 201418$3.4bnn.a.n.a.
Q1 201518$3.1bnn.a.n.a.
Q2 201515$2.3bnn.a.n.a.
Q3 201516$2.8bnn.a.n.a.
Q4 201519$2.7bnn.a.n.a.
Q1 201620$2.7bnn.a.n.a.
Q2 201626$3.1bnn.a.n.a.
Q3 201621$3.8bnn.a.n.a.
Q4 201618$2.8bnn.a.n.a.
Q1 201723$2.0bnn.a.n.a.
Q2 201721$2.8bnn.a.n.a.
Q3 201724$2.7bnn.a.n.a.
Q4 201725$2.8bnn.a.n.a.
Q1 201823$3.7bnn.a.n.a.
Q2 201823$4.1bnn.a.n.a.
Q3 201817$5.2bnn.a.n.a.
Q4 201821$5.0bnn.a.n.a.
Q1 201923$6.1bnn.a.n.a.
Q2 201923$5.7bnn.a.n.a.
Q3 201924$6.7bnn.a.n.a.
Q4 201928$7.2bnn.a.n.a.
Q1 202029$5.8bnn.a.n.a.
Q2 202030$5.9bnn.a.n.a.
Q3 202021$6.1bnn.a.n.a.
Q4 202014$6.3bnn.a.n.a.
Q1 202122$6.0bnn.a.n.a.
Q2 202125$7.7bnn.a.n.a.
Q3 202122$8.5bnn.a.n.a.
Q4 202120$9.2bnn.a.n.a.
Q1 202222$7.9bnn.a.n.a.
Q2 202222$6.6bnn.a.n.a.
Q3 202229$6.2bnn.a.n.a.
Q4 202228$5.8bnn.a.n.a.
Q1 202326$5.8bnn.a.n.a.
Q2 202325$5.9bnn.a.n.a.
Q3 202325$4.6bnn.a.n.a.
Q4 202322$5.1bn1012
Q1 202423$7.0bn1413
Q2 202420$6.8bn1211
Q3 202419$3.8bn119
Q4 202422$5.0bn1211
Q1 202523$5.0bn1411
Q2 202523$5.2bn177
Q3 202522$5.0bn915
Q4 202523$5.9bn2214
Q1 202625$6.0bn1521
Q2 202625$6.9bn1817

Compare with…

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

EW and LLY →EW and JNJ →EW and VRTX →Choose a stock to compare with EW →

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