L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
22
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 5 listed it in both
Shares listed
5,666,850
combined, among listed positions
Reported value
$294m
combined, at the quarter end

Among the 92 comparable managers: 13 buyers (opened or added shares) and 13 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -64,657.

Managers listing FTS 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.

22 of 22 holders

ActionFiling
Invesco Ltd1,314,274$68munder 0.1%Added+20,31319 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP682,972$36munder 0.1%Trimmed-761,21313 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC658,952$34m0.05%Trimmed-357,80012 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP635,815$33munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP479,419$25munder 0.1%Added+216,00017 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC346,192$18munder 0.1%Added+255,41617 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co265,404$14munder 0.1%Trimmed-50,06423 Jan 2026 (the filing on sec.gov)
D. E. Shaw & Co.246,462$13munder 0.1%Trimmed-148,98317 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC211,926$11munder 0.1%Added+181,63317 Feb 2026 (the filing on sec.gov)
Man Group PLC154,126$8.0munder 0.1%Added+133,00417 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC125,117$6.5munder 0.1%Trimmed-39,78717 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC123,901$6.5munder 0.1%Added+4,78027 Oct 2026 (the filing on sec.gov)
Jane Street Group LLC82,242$4.3munder 0.1%Trimmed-42,54812 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)68,628$3.6munder 0.1%Trimmed-92417 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC67,855$3.5munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP48,194$2.5munder 0.1%Added+18017 Feb 2026 (the filing on sec.gov)
Capital World Investors41,721$2.2munder 0.1%Added+7,93511 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP37,822$2.0munder 0.1%Added+31617 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP31,590$1.6munder 0.1%Added+4,48213 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd23,977$1.2munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
PDT Partners LLC11,600$603kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP8,661$450kunder 0.1%Added+2,35117 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.
4 in Q3 2024 to 4 in Q2 2026

Tracked managers listing it, at least.

024682017201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
FTS by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20162$149mn.a.n.a.
Q1 20173$140mn.a.n.a.
Q2 20174$528mn.a.n.a.
Q3 20174$543mn.a.n.a.
Q4 20176$494mn.a.n.a.
Q1 20183$381mn.a.n.a.
Q2 20186$81mn.a.n.a.
Q3 20183$59mn.a.n.a.
Q4 20186$112mn.a.n.a.
Q1 20195$190mn.a.n.a.
Q2 20195$252mn.a.n.a.
Q3 20195$377mn.a.n.a.
Q4 20195$332mn.a.n.a.
Q1 20208$315mn.a.n.a.
Q2 20205$275mn.a.n.a.
Q3 20205$240mn.a.n.a.
Q4 20205$195mn.a.n.a.
Q1 20213$164mn.a.n.a.
Q2 20213$164mn.a.n.a.
Q3 20212$166mn.a.n.a.
Q4 20215$196mn.a.n.a.
Q1 20224$205mn.a.n.a.
Q2 20224$210mn.a.n.a.
Q3 20228$210mn.a.n.a.
Q4 20224$128mn.a.n.a.
Q1 20233$120mn.a.n.a.
Q2 20232$102mn.a.n.a.
Q3 20233$103mn.a.n.a.
Q4 20235$126m32
Q1 20244$114m31
Q2 20244$102m13
Q3 20244$170m31
Q4 20245$178m23
Q1 20255$199m32
Q2 20253$175m12
Q3 20255$155m22
Q4 20255$107m1313
Q1 20264$155m1510
Q2 20264$121m917

Compare with…

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

FTS and SO →FTS and D →FTS and NEE →Choose a stock to compare with FTS →

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