- 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
- 31
- 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
- 43,822,668
- combined, among listed positions
- Reported value
- $841m
- combined, at the quarter end
Among the 92 comparable managers: 18 buyers (opened or added shares) and 17 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,152,765.
Managers listing HL in Q4 2025
31 of 31 holders
Largest increases and reductions, by shares
Increases
- Arrowstreet Capital LPexisting position · 12,715,100 shares now+5,906,313
- Invesco Ltdexisting position · 4,327,712 shares now+2,186,601
- Millennium Management LLCnew position · 1,740,678 shares now+1,740,678
- Point72 Asset Management LPexisting position · 1,799,637 shares now+1,379,797
- Rokos Capital Management LLPnew position · 951,232 shares now+951,232
Reductions
- Jane Street Group LLCexisting position · 1,408,036 shares now-2,483,719
- D. E. Shaw & Co.existing position · 1,866,228 shares now-1,269,152
- Citadel Advisors LLCexisting position · 1,630,517 shares now-1,209,480
- Verition Fund Management LLCexisting position · 367,237 shares now-709,027
- First Eagle Investment Management LLCexisting position · 1,246,713 shares now-504,075
New positions and exits
New (7)
Exited (4)
- Voloridge Investment Management LLCwas $38m
- Renaissance Technologies LLCwas $29m
- Marshall Wace LLPwas $2.5m
- Schonfeld Strategic Advisors LLCwas $1.8m
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 1 | $349k | n.a. | n.a. |
| Q1 2014 | 1 | $406k | n.a. | n.a. |
| Q2 2016 | 1 | $1.1m | n.a. | n.a. |
| Q3 2016 | 3 | $29m | n.a. | n.a. |
| Q4 2016 | 1 | $3.4m | n.a. | n.a. |
| Q2 2017 | 1 | $785k | n.a. | n.a. |
| Q3 2017 | 1 | $8.4m | n.a. | n.a. |
| Q4 2017 | 1 | $6.6m | n.a. | n.a. |
| Q1 2018 | 1 | $7.6m | n.a. | n.a. |
| Q1 2019 | 1 | $858k | n.a. | n.a. |
| Q4 2019 | 1 | $433k | n.a. | n.a. |
| Q1 2020 | 1 | $7.0m | n.a. | n.a. |
| Q3 2020 | 2 | $1.3m | n.a. | n.a. |
| Q2 2021 | 2 | $3.1m | n.a. | n.a. |
| Q3 2021 | 2 | $13m | n.a. | n.a. |
| Q4 2021 | 4 | $21m | n.a. | n.a. |
| Q1 2022 | 6 | $60m | n.a. | n.a. |
| Q2 2022 | 2 | $2.2m | n.a. | n.a. |
| Q3 2022 | 2 | $3.4m | n.a. | n.a. |
| Q4 2022 | 2 | $5.1m | n.a. | n.a. |
| Q1 2023 | 3 | $6.8m | n.a. | n.a. |
| Q2 2023 | 3 | $6.1m | n.a. | n.a. |
| Q3 2023 | 3 | $4.5m | n.a. | n.a. |
| Q4 2023 | 2 | $5.4m | 1 | 0 |
| Q1 2024 | 1 | $6.2m | 1 | 1 |
| Q2 2024 | 2 | $23m | 2 | 0 |
| Q3 2024 | 2 | $39m | 2 | 0 |
| Q4 2024 | 4 | $56m | 3 | 1 |
| Q1 2025 | 4 | $28m | 2 | 2 |
| Q2 2025 | 3 | $45m | 1 | 2 |
| Q3 2025 | 6 | $163m | 5 | 1 |
| Q4 2025 | 6 | $303m | 18 | 17 |
| Q1 2026 | 13 | $557m | 21 | 13 |
| Q2 2026 | 5 | $317m | 14 | 21 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
HL and LIN →HL and GLW →HL and HWM →Choose a stock to compare with HL →
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 HL, latest filings →Back to the 13F Explorer →