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
30
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 9 listed it in both
Shares listed
33,431,263
combined, among listed positions
Reported value
$1.4bn
combined, at the quarter end

Among the 92 comparable managers: 15 buyers (opened or added shares) and 19 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +5,581,280.

Managers listing EXLS 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.

30 of 30 holders

ActionFiling
Fidelity (FMR LLC)14,331,972$608munder 0.1%Added+5,415,44417 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC4,118,625$175m0.09%Added+2,154,65217 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,881,161$80munder 0.1%Added+504,52917 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP1,551,400$66m0.13%Added+56,00017 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,528,749$65m0.09%Trimmed-92,98317 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,351,317$57munder 0.1%Added+732,29917 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,344,565$57munder 0.1%Added+53,65919 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,077,456$46munder 0.1%Trimmed-809,70117 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP1,030,179$44munder 0.1%Trimmed-45,05017 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC958,811$41munder 0.1%Trimmed-730,56213 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp923,468$39m0.07%Trimmed-52,42617 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC618,139$26m0.09%Trimmed-216,11317 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP511,773$22munder 0.1%Added+455,97317 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC396,380$17munder 0.1%Trimmed-120,99412 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC319,400$14munder 0.1%Trimmed-181,70012 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP290,832$12m0.10%Added+245,09117 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP286,627$12munder 0.1%Trimmed-3,25917 Feb 2026 (the filing on sec.gov)
Man Group PLC217,181$9.2munder 0.1%Trimmed-296,94517 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC216,233$9.2munder 0.1%Added+17,72717 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC140,556$6.0munder 0.1%Added+55,28113 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP112,855$4.8m0.16%Added+38,23210 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd68,425$2.9munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP40,955$1.7munder 0.1%Trimmed-456,29113 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP26,583$1.1munder 0.1%Trimmed-10,14317 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP25,872$1.1munder 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.
5 in Q3 2024 to 7 in Q2 2026

Tracked managers listing it, at least.

0510152014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
EXLS by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20133$23mn.a.n.a.
Q1 20143$29mn.a.n.a.
Q2 20142$30mn.a.n.a.
Q3 20142$30mn.a.n.a.
Q4 20142$34mn.a.n.a.
Q1 20153$151mn.a.n.a.
Q2 20153$140mn.a.n.a.
Q3 20152$139mn.a.n.a.
Q4 20153$178mn.a.n.a.
Q1 20165$202mn.a.n.a.
Q2 20163$185mn.a.n.a.
Q3 20163$177mn.a.n.a.
Q4 20163$161mn.a.n.a.
Q1 20171$23mn.a.n.a.
Q2 20171$38mn.a.n.a.
Q4 20173$9.6mn.a.n.a.
Q1 20185$10mn.a.n.a.
Q2 20182$833kn.a.n.a.
Q3 20184$50mn.a.n.a.
Q4 20182$3.4mn.a.n.a.
Q1 20191$601kn.a.n.a.
Q2 20191$707kn.a.n.a.
Q3 20191$732kn.a.n.a.
Q4 20191$877kn.a.n.a.
Q1 20201$101mn.a.n.a.
Q2 20202$169mn.a.n.a.
Q3 20203$170mn.a.n.a.
Q4 20203$222mn.a.n.a.
Q1 20213$244mn.a.n.a.
Q2 20214$294mn.a.n.a.
Q3 20215$316mn.a.n.a.
Q4 20215$143mn.a.n.a.
Q1 20227$146mn.a.n.a.
Q2 20225$614mn.a.n.a.
Q3 20225$761mn.a.n.a.
Q4 20228$1.0bnn.a.n.a.
Q1 20236$615mn.a.n.a.
Q2 20239$427mn.a.n.a.
Q3 20238$376mn.a.n.a.
Q4 20237$136m52
Q1 20248$123m35
Q2 20248$145m54
Q3 20245$81m14
Q4 20245$43m14
Q1 20254$35m22
Q2 202510$293m73
Q3 20259$409m82
Q4 202511$1.1bn1519
Q1 20267$580m1913
Q2 20267$321m2111

Compare with…

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

EXLS and V →EXLS and MA →EXLS and MCO →Choose a stock to compare with EXLS →

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