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
42
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 21 listed it in both
Shares listed
60,065,799
combined, among listed positions
Reported value
$6.6bn
combined, at the quarter end

Among the 92 comparable managers: 21 buyers (opened or added shares) and 21 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +2,539,143.

Managers listing EXE 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.

42 of 42 holders

ActionFiling
Capital Research Global Investors21,251,283$2.3bn0.43%Added+5,291,94811 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc9,670,165$1.1bn0.12%Trimmed-1,203,16017 Feb 2026 (the filing on sec.gov)
Oaktree Capital Management LP5,062,363$559m7.95%Held017 Feb 2026 (the filing on sec.gov)
Invesco Ltd4,096,992$452munder 0.1%Trimmed-262,38019 Feb 2026 (the filing on sec.gov)
MFS Investment Management3,850,542$425m0.14%Trimmed-209,94022 Jan 2026 (the filing on sec.gov)
Wellington Management Group LLP2,509,261$277munder 0.1%Trimmed-1,124,82917 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)2,151,223$237munder 0.1%Trimmed-1,049,64917 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,456,674$161munder 0.1%Added+449,26917 Feb 2026 (the filing on sec.gov)
Dragoneer Investment Group LLC1,319,618$146m3.18%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,091,314$120m0.17%Trimmed-437,34717 Feb 2026 (the filing on sec.gov)
Rokos Capital Management LLP862,568$95m0.37%Newnew13 Feb 2026 (the filing on sec.gov)
Millennium Management LLC841,337$93munder 0.1%Added+154,47817 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP834,240$92m0.19%Trimmed-33,02217 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC802,282$89munder 0.1%Trimmed-168,38917 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC675,742$75m0.06%Trimmed-108,50327 Oct 2026 (the filing on sec.gov)
Balyasny Asset Management LLC495,103$55m0.07%Added+453,98017 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd492,758$54munder 0.1%Added+20,06617 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP365,525$40munder 0.1%Added+180,14917 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP323,707$36munder 0.1%Trimmed-8,92917 Feb 2026 (the filing on sec.gov)
Steadfast Capital Management LP294,700$33m0.56%Added+266,70017 Feb 2026 (the filing on sec.gov)
Man Group PLC195,162$22munder 0.1%Trimmed-607,82417 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC194,379$21m0.10%Added+184,62617 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP186,715$21munder 0.1%Trimmed-779,40017 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC181,870$20munder 0.1%Added+161,00812 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP165,149$18munder 0.1%Newnew17 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.
15 in Q3 2024 to 18 in Q2 2026

Tracked managers listing it, at least.

0102030202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
EXE by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20218$1.3bnn.a.n.a.
Q2 20219$1.6bnn.a.n.a.
Q3 202113$2.1bnn.a.n.a.
Q4 20217$2.2bnn.a.n.a.
Q1 202215$3.1bnn.a.n.a.
Q2 202218$2.7bnn.a.n.a.
Q3 202222$3.8bnn.a.n.a.
Q4 202216$3.1bnn.a.n.a.
Q1 202313$2.4bnn.a.n.a.
Q2 202313$2.5bnn.a.n.a.
Q3 202315$2.3bnn.a.n.a.
Q4 202312$1.9bn46
Q1 202417$2.7bn107
Q2 202414$2.6bn77
Q3 202415$2.9bn97
Q4 202418$5.1bn154
Q1 202525$5.8bn178
Q2 202529$6.1bn1811
Q3 202521$5.5bn915
Q4 202523$6.0bn2121
Q1 202625$4.9bn2520
Q2 202618$3.7bn1327

Compare with…

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

EXE and GEV →EXE and XOM →EXE and CVX →Choose a stock to compare with EXE →

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