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
20
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 6 listed it in both
Shares listed
48,140,497
combined, among listed positions
Reported value
$816m
combined, at the quarter end

Among the 92 comparable managers: 7 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -5,457,121.

Managers listing HR 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.

20 of 20 holders

ActionFiling
T. Rowe Price Associates Inc14,978,751$254munder 0.1%Trimmed-347,29317 Feb 2026 (the filing on sec.gov)
Starboard Value LP12,600,000$214m4.05%Trimmed-1,890,03617 Feb 2026 (the filing on sec.gov)
Invesco Ltd6,748,335$114munder 0.1%Trimmed-952,42519 Feb 2026 (the filing on sec.gov)
MFS Investment Management5,762,269$98munder 0.1%Trimmed-1,020,21622 Jan 2026 (the filing on sec.gov)
Janus Henderson Group Ltd2,380,380$40munder 0.1%Trimmed-761,23317 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,645,892$28munder 0.1%Added+217,46517 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,610,454$27munder 0.1%Trimmed-489,98217 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC774,672$13munder 0.1%Trimmed-154,70012 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP504,883$8.6munder 0.1%Added+9,17517 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP408,002$6.9munder 0.1%Added+55,88217 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.374,744$6.4munder 0.1%Added+333,45517 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP104,271$1.8munder 0.1%Trimmed-19,86813 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC49,326$836kunder 0.1%Newnew12 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)43,115$731kunder 0.1%Trimmed-2,44917 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP41,800$709kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC36,741$623kunder 0.1%Added+12627 Oct 2026 (the filing on sec.gov)
Susquehanna International Group LLP32,911$558kunder 0.1%Trimmed-46,03717 Feb 2026 (the filing on sec.gov)
Millennium Management LLC21,218$360kunder 0.1%Trimmed-168,80417 Feb 2026 (the filing on sec.gov)
Farallon Capital Management LLC12,000$203kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP10,733$182kunder 0.1%Trimmed-1817 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.
6 in Q3 2024 to 5 in Q2 2026

Tracked managers listing it, at least.

02468Q3 2022Q1 2023Q3 2023Q1 2024Q3 2024Q1 2025Q3 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
HR by quarter
QuarterHoldersReported valueBuyersSellers
Q3 20224$304mn.a.n.a.
Q4 20225$284mn.a.n.a.
Q1 20233$195mn.a.n.a.
Q2 20233$17mn.a.n.a.
Q3 20235$23mn.a.n.a.
Q4 20234$22m41
Q1 20245$32m32
Q2 20243$15m31
Q3 20246$72m50
Q4 20243$398m23
Q1 20254$442m23
Q2 20257$447m42
Q3 20257$723m42
Q4 20256$607m716
Q1 20267$474m179
Q2 20265$506m1315

Compare with…

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

HR and WELL →HR and EQIX →HR and PLD →Choose a stock to compare with HR →

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