- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 10 Feb 2026
- Managers listing it
- 21
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 6 listed it in both
- Shares listed
- 15,357,787
- combined, among listed positions
- Reported value
- $967m
- combined, at the quarter end
Among the 92 comparable managers: 10 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -121,282.
Managers listing FOUR in Q4 2025
21 of 21 holders
Largest increases and reductions, by shares
Increases
- Durable Capital Partners LPexisting position · 6,606,969 shares now+980,485
- Marshall Wace LLPexisting position · 1,655,485 shares now+816,155
- Neuberger Berman Group LLCexisting position · 2,697,454 shares now+352,730
- Fidelity (FMR LLC)existing position · 154,701 shares now+128,213
- Citadel Advisors LLCexisting position · 123,445 shares now+101,756
Reductions
- Point72 Asset Management LPexisting position · 740,956 shares now-786,599
- Invesco Ltdexisting position · 517,578 shares now-569,739
- Millennium Management LLCexisting position · 28,065 shares now-357,548
- Bridgewater Associates LPexisting position · 4,428 shares now-238,808
- Susquehanna International Group LLPexisting position · 252,395 shares now-173,060
New positions and exits
New (3)
- D. E. Shaw & Co.$1.5m
- Holocene Advisors LP$851k
- Quantbot Technologies LP$605k
Exited (5)
- Woodline Partners LPwas $17m
- Brevan Howard Capital Management LPwas $1.5m
- Schonfeld Strategic Advisors LLCwas $1.3m
- Freestone Grove Partners LPwas $425k
- Winton Group Ltdwas $204k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2020 | 4 | $64m | n.a. | n.a. |
| Q3 2020 | 9 | $248m | n.a. | n.a. |
| Q4 2020 | 8 | $445m | n.a. | n.a. |
| Q1 2021 | 7 | $694m | n.a. | n.a. |
| Q2 2021 | 6 | $858m | n.a. | n.a. |
| Q3 2021 | 9 | $851m | n.a. | n.a. |
| Q4 2021 | 7 | $566m | n.a. | n.a. |
| Q1 2022 | 6 | $740m | n.a. | n.a. |
| Q2 2022 | 3 | $452m | n.a. | n.a. |
| Q3 2022 | 3 | $678m | n.a. | n.a. |
| Q4 2022 | 6 | $882m | n.a. | n.a. |
| Q1 2023 | 12 | $1.1bn | n.a. | n.a. |
| Q2 2023 | 8 | $912m | n.a. | n.a. |
| Q3 2023 | 11 | $963m | n.a. | n.a. |
| Q4 2023 | 10 | $1.2bn | 6 | 4 |
| Q1 2024 | 9 | $867m | 5 | 3 |
| Q2 2024 | 7 | $806m | 3 | 4 |
| Q3 2024 | 6 | $987m | 2 | 5 |
| Q4 2024 | 8 | $1.1bn | 5 | 3 |
| Q1 2025 | 9 | $934m | 5 | 4 |
| Q2 2025 | 9 | $1.4bn | 9 | 0 |
| Q3 2025 | 7 | $977m | 4 | 4 |
| Q4 2025 | 5 | $847m | 10 | 16 |
| Q1 2026 | 4 | $543m | 9 | 17 |
| Q2 2026 | 7 | $606m | 19 | 5 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
FOUR and V →FOUR and MA →FOUR and MCO →Choose a stock to compare with FOUR →
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 FOUR, latest filings →Back to the 13F Explorer →