L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
25
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 1 listed it in both
Shares listed
5,970,741
combined, among listed positions
Reported value
$73m
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 11 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +882,021.

Managers listing HE 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.

25 of 25 holders

ActionFiling
Jane Street Group LLC697,280$8.6munder 0.1%Added+394,64512 Feb 2026 (the filing on sec.gov)
Invesco Ltd682,036$8.4munder 0.1%Added+420,56019 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP667,799$8.2munder 0.1%Added+9317 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP631,662$7.8munder 0.1%Trimmed-556,17417 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC550,500$6.8munder 0.1%Added+79,80012 Feb 2026 (the filing on sec.gov)
PDT Partners LLC458,302$5.6m0.37%Added+396,62117 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP394,328$4.8munder 0.1%Added+129,89117 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC269,338$3.3munder 0.1%Added+183,92817 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC243,719$3.0munder 0.1%Added+97,25413 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP242,516$3.0m0.10%Added+44,19510 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc174,209$2.1munder 0.1%Trimmed-3915 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc167,826$2.1munder 0.1%Trimmed-4,98617 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC149,261$1.8munder 0.1%Added+126,43917 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP122,483$1.5munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Winton Group Ltd90,326$1.1munder 0.1%Newnew11 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd74,286$914kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP68,700$845kunder 0.1%Trimmed-23,20017 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP61,500$756kunder 0.1%Added+18,02717 Feb 2026 (the filing on sec.gov)
MFS Investment Management47,660$586kunder 0.1%Trimmed-1,57722 Jan 2026 (the filing on sec.gov)
Squarepoint Ops LLC47,030$578kunder 0.1%Trimmed-45,22413 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC38,057$468kunder 0.1%Added+3,62917 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)28,582$352kunder 0.1%Added+26517 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.28,422$350kunder 0.1%Trimmed-3,35217 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP21,950$270kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Man Group PLC12,969$160kunder 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.
5 in Q3 2024 to 4 in Q2 2026

Tracked managers listing it, at least.

0358102014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
HE by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20133$15mn.a.n.a.
Q3 20131$3.1mn.a.n.a.
Q1 20142$1.6mn.a.n.a.
Q2 20141$1.5mn.a.n.a.
Q4 20141$35mn.a.n.a.
Q2 20152$19mn.a.n.a.
Q3 20153$32mn.a.n.a.
Q4 20152$30mn.a.n.a.
Q1 20163$34mn.a.n.a.
Q3 20162$30mn.a.n.a.
Q4 20163$52mn.a.n.a.
Q1 20171$47mn.a.n.a.
Q2 20172$41mn.a.n.a.
Q3 20173$52mn.a.n.a.
Q4 20173$36mn.a.n.a.
Q1 20181$19mn.a.n.a.
Q2 20183$42mn.a.n.a.
Q3 20184$94mn.a.n.a.
Q4 20184$133mn.a.n.a.
Q1 20195$144mn.a.n.a.
Q2 20197$169mn.a.n.a.
Q3 20197$245mn.a.n.a.
Q4 20195$214mn.a.n.a.
Q1 20206$267mn.a.n.a.
Q2 20205$197mn.a.n.a.
Q3 20207$77mn.a.n.a.
Q4 20206$87mn.a.n.a.
Q1 20215$83mn.a.n.a.
Q2 20214$42mn.a.n.a.
Q3 20212$26mn.a.n.a.
Q4 20212$21mn.a.n.a.
Q1 20224$27mn.a.n.a.
Q2 20224$22mn.a.n.a.
Q3 20222$4.7mn.a.n.a.
Q4 20224$39mn.a.n.a.
Q1 20232$4.4mn.a.n.a.
Q2 20233$3.2mn.a.n.a.
Q3 20235$130mn.a.n.a.
Q4 20239$158m64
Q1 20247$113m52
Q2 20247$120m70
Q3 20245$65m32
Q4 20243$47m33
Q1 20255$55m32
Q2 20252$16m02
Q3 20251$681k01
Q4 20253$9.7m1711
Q1 20264$15m1811
Q2 20264$12m1310

Compare with…

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

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

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