- Quarter end
- 30 Sep 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 12 Nov 2025
- Managers listing it
- 10
- at least, of 95 tracked, among listed positions
- Comparable managers
- 95
- filed both Q2 2025 and Q3 2025; 8 listed it in both
- Shares listed
- 3,780,710
- combined, among listed positions
- Reported value
- $776m
- combined, at the quarter end
Among the 95 comparable managers: 4 buyers (opened or added shares) and 7 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.
Managers listing HLI in Q3 2025
Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.
10 of 10 holders
| Action | Filing | |||||
|---|---|---|---|---|---|---|
| Wellington Management Group LLP | 1,372,703 | $282m | under 0.1% | Trimmed | -86,514 | 14 Nov 2025 (the filing on sec.gov) |
| Capital Research Global Investors | 956,441 | $196m | under 0.1% | Added | +157,605 | 13 Nov 2025 (the filing on sec.gov) |
| Neuberger Berman Group LLC | 665,736 | $137m | 0.10% | Trimmed | -16,055 | 27 Oct 2026 (the filing on sec.gov) |
| AllianceBernstein LP | 460,665 | $95m | under 0.1% | Trimmed | -27,716 | 14 Nov 2025 (the filing on sec.gov) |
| Renaissance Technologies LLC | 162,700 | $33m | under 0.1% | Trimmed | -73,400 | 13 Nov 2025 (the filing on sec.gov) |
| Voloridge Investment Management LLC | 57,841 | $12m | under 0.1% | Trimmed | -10,974 | 14 Nov 2025 (the filing on sec.gov) |
| Acadian Asset Management LLC | 51,633 | $11m | under 0.1% | New | new | 13 Nov 2025 (the filing on sec.gov) |
| PDT Partners LLC | 32,615 | $6.7m | 0.42% | Added | +12,274 | 17 Nov 2025 (the filing on sec.gov) |
| Caxton Associates LLP | 16,174 | $3.3m | 0.08% | New | new | 17 Nov 2025 (the filing on sec.gov) |
| First Eagle Investment Management LLC | 4,202 | $863k | under 0.1% | Trimmed | -794 | 12 Nov 2025 (the filing on sec.gov) |
Largest increases and reductions, by shares
Q2 2025 to Q3 2025, among managers that listed it in both quarters or opened it.
Increases
- Capital Research Global Investorsexisting position · 956,441 shares now+157,605
- Acadian Asset Management LLCnew position · 51,633 shares now+51,633
- Caxton Associates LLPnew position · 16,174 shares now+16,174
- PDT Partners LLCexisting position · 32,615 shares now+12,274
Reductions
- Wellington Management Group LLPexisting position · 1,372,703 shares now-86,514
- Renaissance Technologies LLCexisting position · 162,700 shares now-73,400
- AllianceBernstein LPexisting position · 460,665 shares now-27,716
- Neuberger Berman Group LLCexisting position · 665,736 shares now-16,055
- Voloridge Investment Management LLCexisting position · 57,841 shares now-10,974
New positions and exits
At least these many: a manager is shown exiting only where its own filing shows the position gone.
New (2)
Exited (1)
- Polen Capital Management LLCwas $460k
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 12 in Q2 2026
Tracked managers listing it, at least.
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q3 2015 | 2 | $14m | n.a. | n.a. |
| Q4 2015 | 2 | $17m | n.a. | n.a. |
| Q1 2016 | 1 | $11m | n.a. | n.a. |
| Q2 2016 | 1 | $5.6m | n.a. | n.a. |
| Q1 2017 | 1 | $4.4m | n.a. | n.a. |
| Q2 2017 | 1 | $42m | n.a. | n.a. |
| Q3 2017 | 2 | $46m | n.a. | n.a. |
| Q4 2017 | 2 | $55m | n.a. | n.a. |
| Q1 2018 | 3 | $69m | n.a. | n.a. |
| Q2 2018 | 4 | $114m | n.a. | n.a. |
| Q3 2018 | 3 | $99m | n.a. | n.a. |
| Q4 2018 | 2 | $60m | n.a. | n.a. |
| Q1 2019 | 2 | $72m | n.a. | n.a. |
| Q2 2019 | 4 | $96m | n.a. | n.a. |
| Q3 2019 | 6 | $101m | n.a. | n.a. |
| Q4 2019 | 4 | $154m | n.a. | n.a. |
| Q1 2020 | 6 | $148m | n.a. | n.a. |
| Q2 2020 | 6 | $177m | n.a. | n.a. |
| Q3 2020 | 6 | $207m | n.a. | n.a. |
| Q4 2020 | 6 | $216m | n.a. | n.a. |
| Q1 2021 | 7 | $208m | n.a. | n.a. |
| Q2 2021 | 6 | $248m | n.a. | n.a. |
| Q3 2021 | 4 | $278m | n.a. | n.a. |
| Q4 2021 | 8 | $426m | n.a. | n.a. |
| Q1 2022 | 5 | $356m | n.a. | n.a. |
| Q2 2022 | 3 | $290m | n.a. | n.a. |
| Q3 2022 | 4 | $278m | n.a. | n.a. |
| Q4 2022 | 4 | $357m | n.a. | n.a. |
| Q1 2023 | 4 | $360m | n.a. | n.a. |
| Q2 2023 | 6 | $631m | n.a. | n.a. |
| Q3 2023 | 6 | $608m | n.a. | n.a. |
| Q4 2023 | 5 | $559m | 0 | 5 |
| Q1 2024 | 5 | $485m | 0 | 5 |
| Q2 2024 | 4 | $492m | 0 | 4 |
| Q3 2024 | 5 | $540m | 1 | 4 |
| Q4 2024 | 7 | $545m | 3 | 4 |
| Q1 2025 | 10 | $546m | 4 | 6 |
| Q2 2025 | 11 | $685m | 6 | 5 |
| Q3 2025 | 10 | $776m | 4 | 7 |
| Q4 2025 | 8 | $557m | 17 | 18 |
| Q1 2026 | 10 | $537m | 16 | 18 |
| Q2 2026 | 12 | $444m | 20 | 12 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
HLI and V →HLI and AXP →HLI and BAC →Choose a stock to compare with HLI →
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 HLI, latest filings →Back to the 13F Explorer →