L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
26
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 0 listed it in both
Shares listed
9,019,879
combined, among listed positions
Reported value
$68m
combined, at the quarter end

Among the 92 comparable managers: 16 buyers (opened or added shares) and 10 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +3,739,389.

Managers listing FDMT 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.

26 of 26 holders

ActionFiling
Janus Henderson Group Ltd4,635,875$35munder 0.1%Added+2,882,50817 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,539,860$12munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC512,900$3.8munder 0.1%Added+199,71412 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP337,503$2.5munder 0.1%Added+64,00717 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP275,300$2.1munder 0.1%Trimmed-274,40017 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC224,903$1.7munder 0.1%Added+107,98812 Feb 2026 (the filing on sec.gov)
Woodline Partners LP200,001$1.5munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC161,982$1.2munder 0.1%Trimmed-17,09317 Feb 2026 (the filing on sec.gov)
Invesco Ltd153,142$1.1munder 0.1%Added+26,56319 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP130,252$977kunder 0.1%Trimmed-5,21817 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP126,013$945kunder 0.1%Trimmed-6,79917 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.111,822$839kunder 0.1%Added+101,72217 Feb 2026 (the filing on sec.gov)
Millennium Management LLC96,364$723kunder 0.1%Trimmed-1,053,03717 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC71,721$538kunder 0.1%Added+24,88413 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)65,649$492kunder 0.1%Added+7917 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP55,100$413kunder 0.1%Trimmed-10,19017 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC50,762$381kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP39,175$294kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc38,747$291kunder 0.1%Trimmed-6,28117 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC36,084$271kunder 0.1%Added+18017 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp31,815$239kunder 0.1%Added+6,04817 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC30,131$225kunder 0.1%Trimmed-24,97010 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP27,758$208kunder 0.1%Trimmed-118,14913 Feb 2026 (the filing on sec.gov)
Man Group PLC27,034$203kunder 0.1%Added+8,54617 Feb 2026 (the filing on sec.gov)
PDT Partners LLC20,097$151kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

There is no earlier quarter on file to compare with.

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.
2 in Q3 2023 to 1 in Q2 2026

Tracked managers listing it, at least.

024620212022202320242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
FDMT by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20204$172mn.a.n.a.
Q1 20212$175mn.a.n.a.
Q2 20212$96mn.a.n.a.
Q3 20212$109mn.a.n.a.
Q4 20212$89mn.a.n.a.
Q1 20221$60mn.a.n.a.
Q2 20221$27mn.a.n.a.
Q3 20221$32mn.a.n.a.
Q4 20223$120mn.a.n.a.
Q1 20232$100mn.a.n.a.
Q2 20232$138mn.a.n.a.
Q3 20232$96mn.a.n.a.
Q4 20232$160m10
Q1 20245$211m41
Q2 20243$130m03
Q3 20241$34m02
Q4 20251$35m1610
Q1 20261$49m815
Q2 20261$76m146

Compare with…

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

FDMT and GILD →FDMT and AMGN →FDMT and ARGX →Choose a stock to compare with FDMT →

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