L3VLUP
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; 9 listed it in both
Shares listed
6,579,738
combined, among listed positions
Reported value
$884m
combined, at the quarter end

Among the 92 comparable managers: 18 buyers (opened or added shares) and 18 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -2,107,566.

Managers listing HLNE 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.

31 of 31 holders

ActionFiling
Janus Henderson Group Ltd801,997$108munder 0.1%Added+131,05917 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC756,148$102m0.13%Added+409,01317 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC755,373$101munder 0.1%Trimmed-477,89117 Feb 2026 (the filing on sec.gov)
Capital World Investors653,718$88munder 0.1%Added+129,04011 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC604,306$81m0.06%Trimmed-34,07927 Oct 2026 (the filing on sec.gov)
Invesco Ltd532,268$71munder 0.1%Trimmed-1,002,56819 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP301,697$41munder 0.1%Trimmed-788,92917 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC300,780$40m0.14%Added+64,33517 Feb 2026 (the filing on sec.gov)
Artisan Partners LP288,827$39m0.06%Trimmed-29,28417 Feb 2026 (the filing on sec.gov)
MFS Investment Management286,699$39munder 0.1%Added+282,45122 Jan 2026 (the filing on sec.gov)
Tudor Investment Corp247,137$33m0.06%Trimmed-5,09817 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC159,231$21munder 0.1%Trimmed-16,30012 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP156,722$21munder 0.1%Added+120,90413 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC123,001$17munder 0.1%Added+69,41013 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc100,379$13munder 0.1%Added+53,98717 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP97,081$13munder 0.1%Added+85,70517 Feb 2026 (the filing on sec.gov)
Man Group PLC89,812$12munder 0.1%Added+54,48317 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC58,318$7.8munder 0.1%Trimmed-151,11512 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP48,584$6.5m0.05%Added+38,76617 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP44,829$6.0munder 0.1%Trimmed-2,97217 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP42,645$5.7munder 0.1%Added+21,54117 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC40,947$5.5munder 0.1%Added+36,45017 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP27,564$3.7munder 0.1%Added+11,01217 Feb 2026 (the filing on sec.gov)
Millennium Management LLC26,680$3.6munder 0.1%Trimmed-1,033,83117 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP13,900$1.9munder 0.1%Newnew17 Feb 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.
6 in Q3 2024 to 11 in Q2 2026

Tracked managers listing it, at least.

05101520172020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
HLNE by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20172$5.1mn.a.n.a.
Q3 20171$5.6mn.a.n.a.
Q4 20171$8.3mn.a.n.a.
Q3 20181$2.8mn.a.n.a.
Q2 20192$89mn.a.n.a.
Q3 20192$34mn.a.n.a.
Q4 20193$144mn.a.n.a.
Q1 20205$308mn.a.n.a.
Q2 20208$437mn.a.n.a.
Q3 20203$380mn.a.n.a.
Q4 20205$522mn.a.n.a.
Q1 20215$468mn.a.n.a.
Q2 20215$442mn.a.n.a.
Q3 20216$463mn.a.n.a.
Q4 20215$563mn.a.n.a.
Q1 20225$454mn.a.n.a.
Q2 20225$331mn.a.n.a.
Q3 20224$295mn.a.n.a.
Q4 20226$310mn.a.n.a.
Q1 20235$323mn.a.n.a.
Q2 20233$294mn.a.n.a.
Q3 20233$291mn.a.n.a.
Q4 20234$403m04
Q1 20248$432m53
Q2 20248$380m53
Q3 20246$558m33
Q4 202410$957m64
Q1 20259$995m54
Q2 202510$669m46
Q3 20259$693m73
Q4 20259$501m1818
Q1 20269$448m1719
Q2 202611$222m278

Compare with…

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

HLNE and V →HLNE and AXP →HLNE and BAC →Choose a stock to compare with HLNE →

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