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
24
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 8 listed it in both
Shares listed
5,657,232
combined, among listed positions
Reported value
$880m
combined, at the quarter end

Among the 92 comparable managers: 12 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +718,290.

Managers listing FSV 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.

24 of 24 holders

ActionFiling
Janus Henderson Group Ltd1,367,564$213m0.10%Added+579,61517 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC1,156,598$180m0.13%Trimmed-100,07727 Oct 2026 (the filing on sec.gov)
Wellington Management Group LLP719,993$112munder 0.1%Added+716,09417 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC489,988$76m0.12%Trimmed-66,05212 Feb 2026 (the filing on sec.gov)
Durable Capital Partners LP436,598$68m0.64%Trimmed-1,780,12217 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc382,075$59munder 0.1%Trimmed-371,81617 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC335,850$52m0.09%Trimmed-160,68510 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP229,619$36munder 0.1%Trimmed-13,13313 Feb 2026 (the filing on sec.gov)
MFS Investment Management137,612$21munder 0.1%Added+39,68622 Jan 2026 (the filing on sec.gov)
Voloridge Investment Management LLC102,062$16m0.06%Added+56,46717 Feb 2026 (the filing on sec.gov)
Millennium Management LLC83,548$13munder 0.1%Added+78,64117 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.44,211$6.9munder 0.1%Trimmed-46,50017 Feb 2026 (the filing on sec.gov)
Invesco Ltd43,051$6.7munder 0.1%Added+21919 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP40,957$6.4munder 0.1%Added+27,79617 Feb 2026 (the filing on sec.gov)
PDT Partners LLC31,369$4.9m0.32%Trimmed-50017 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC14,218$2.2munder 0.1%Trimmed-10,79112 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP12,880$2.0m0.07%Trimmed-1,02610 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC11,632$1.8munder 0.1%Trimmed-3,90417 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP4,869$757kunder 0.1%Added+217 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)4,554$708kunder 0.1%Added+1,01317 Feb 2026 (the filing on sec.gov)
Man Group PLC2,618$407kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC2,075$323kunder 0.1%Trimmed-3,97217 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC1,653$257kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,638$255kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)

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.
6 in Q3 2024 to 5 in Q2 2026

Tracked managers listing it, at least.

0358102020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
FSV by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20194$796mn.a.n.a.
Q3 20194$871mn.a.n.a.
Q4 20193$764mn.a.n.a.
Q1 20204$658mn.a.n.a.
Q2 20204$1.1bnn.a.n.a.
Q3 20205$1.5bnn.a.n.a.
Q4 20206$1.6bnn.a.n.a.
Q1 20217$1.7bnn.a.n.a.
Q2 20216$1.9bnn.a.n.a.
Q3 20216$2.0bnn.a.n.a.
Q4 20216$2.1bnn.a.n.a.
Q1 20225$1.5bnn.a.n.a.
Q2 20225$1.3bnn.a.n.a.
Q3 20225$979mn.a.n.a.
Q4 20224$780mn.a.n.a.
Q1 20234$885mn.a.n.a.
Q2 20234$871mn.a.n.a.
Q3 20234$776mn.a.n.a.
Q4 20235$837m14
Q1 20245$876m23
Q2 20246$880m42
Q3 20246$1.0bn33
Q4 20248$919m52
Q1 20259$863m54
Q2 20258$880m44
Q3 20258$1.0bn45
Q4 20258$612m1215
Q1 20266$473m1016
Q2 20265$473m1114

Compare with…

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

FSV and WELL →FSV and EQIX →FSV and BN →Choose a stock to compare with FSV →

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