L3VLUP
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
28
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
10,883,013
combined, among listed positions
Reported value
$628m
combined, at the quarter end

Among the 92 comparable managers: 15 buyers (opened or added shares) and 17 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +163,738.

Managers listing FTDR 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.

28 of 28 holders

ActionFiling
Renaissance Technologies LLC1,825,987$105m0.16%Trimmed-155,00012 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,642,471$95munder 0.1%Added+880,14517 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,570,668$91munder 0.1%Trimmed-246,79817 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP1,453,858$84munder 0.1%Added+2,35213 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,136,647$66munder 0.1%Added+27,83219 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd902,773$52munder 0.1%Added+193,25617 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP444,368$26munder 0.1%Added+299,88617 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP422,381$24munder 0.1%Added+67,62713 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP215,559$12munder 0.1%Added+87,73517 Feb 2026 (the filing on sec.gov)
Man Group PLC184,650$11munder 0.1%Added+4,09017 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp131,659$7.6munder 0.1%Trimmed-81,45317 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP115,300$6.7munder 0.1%Added+58,80017 Feb 2026 (the filing on sec.gov)
Millennium Management LLC109,929$6.3munder 0.1%Trimmed-328,26517 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP105,984$6.1munder 0.1%Added+41,31813 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC98,463$5.7munder 0.1%Trimmed-39,62217 Feb 2026 (the filing on sec.gov)
PDT Partners LLC94,612$5.5m0.35%Held017 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC84,719$4.9munder 0.1%Trimmed-260,73317 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC66,485$3.8munder 0.1%Trimmed-6,85213 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC65,493$3.8munder 0.1%Trimmed-156,88012 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC63,159$3.6munder 0.1%Trimmed-60,53717 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP41,877$2.4munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP32,858$1.9munder 0.1%Added+8,94317 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC26,289$1.5munder 0.1%Added+17,19813 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC15,413$884kunder 0.1%Trimmed-3,36310 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC15,165$875kunder 0.1%Added+5,01827 Oct 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.
8 in Q3 2024 to 6 in Q2 2026

Tracked managers listing it, at least.

05101520192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
FTDR by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20183$422mn.a.n.a.
Q1 20198$639mn.a.n.a.
Q2 201911$448mn.a.n.a.
Q3 201913$832mn.a.n.a.
Q4 20199$827mn.a.n.a.
Q1 202010$612mn.a.n.a.
Q2 202012$752mn.a.n.a.
Q3 20208$596mn.a.n.a.
Q4 20207$598mn.a.n.a.
Q1 20219$723mn.a.n.a.
Q2 20217$678mn.a.n.a.
Q3 20217$544mn.a.n.a.
Q4 20218$530mn.a.n.a.
Q1 20227$362mn.a.n.a.
Q2 20223$155mn.a.n.a.
Q3 20222$113mn.a.n.a.
Q4 20222$107mn.a.n.a.
Q1 20235$191mn.a.n.a.
Q2 20236$237mn.a.n.a.
Q3 20236$191mn.a.n.a.
Q4 20237$197m52
Q1 20245$117m25
Q2 20244$119m22
Q3 20248$199m80
Q4 20248$224m45
Q1 20255$138m32
Q2 20257$224m34
Q3 20258$315m61
Q4 20255$253m1517
Q1 20266$360m1813
Q2 20266$478m1019

Compare with…

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

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

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