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
34
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 21 listed it in both
Shares listed
14,505,321
combined, among listed positions
Reported value
$5.8bn
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 19 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,149,165.

Managers listing HUBS 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.

34 of 34 holders

ActionFiling
T. Rowe Price Associates Inc4,581,922$1.8bn0.20%Added+1,224,42417 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,865,907$749munder 0.1%Added+224,63017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,188,981$477m0.25%Added+642,54517 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP874,901$351m0.06%Trimmed-586,56017 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd863,817$344m0.15%Trimmed-283,24717 Feb 2026 (the filing on sec.gov)
Capital World Investors647,721$260munder 0.1%Newnew11 Feb 2026 (the filing on sec.gov)
Man Group PLC535,882$215m0.37%Added+123,24917 Feb 2026 (the filing on sec.gov)
Millennium Management LLC444,076$178m0.07%Trimmed-91,39617 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP421,226$169m0.05%Trimmed-18,27917 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP415,140$167m0.32%Trimmed-114,26017 Feb 2026 (the filing on sec.gov)
Invesco Ltd296,856$119munder 0.1%Added+167,07619 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC285,859$115m0.12%Added+108,18913 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC220,837$89munder 0.1%Added+219,92712 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP204,936$82m0.12%Trimmed-138,20517 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP199,853$80munder 0.1%Added+30,29313 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC175,835$71m0.05%Trimmed-164,10627 Oct 2026 (the filing on sec.gov)
Citadel Advisors LLC174,460$70munder 0.1%Trimmed-14,63817 Feb 2026 (the filing on sec.gov)
Whale Rock Capital Management LLC149,246$60m0.77%Held017 Feb 2026 (the filing on sec.gov)
MFS Investment Management146,879$59munder 0.1%Added+59,11522 Jan 2026 (the filing on sec.gov)
Susquehanna International Group LLP128,214$51munder 0.1%Added+109,17017 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC109,192$44m0.07%Added+87,25210 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC107,733$43m0.05%Trimmed-371,75317 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC66,623$27m0.09%Trimmed-35,50317 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP65,639$26m0.10%Added+40,13513 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP64,035$26m0.19%Trimmed-64,67217 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.
22 in Q3 2024 to 18 in Q2 2026

Tracked managers listing it, at least.

0102030201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
HUBS by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20142$16mn.a.n.a.
Q1 20152$20mn.a.n.a.
Q2 20154$321mn.a.n.a.
Q3 20154$198mn.a.n.a.
Q4 20155$295mn.a.n.a.
Q1 20167$287mn.a.n.a.
Q2 20167$291mn.a.n.a.
Q3 201610$654mn.a.n.a.
Q4 20168$281mn.a.n.a.
Q1 20179$687mn.a.n.a.
Q2 201710$730mn.a.n.a.
Q3 201710$893mn.a.n.a.
Q4 20178$1.0bnn.a.n.a.
Q1 201810$1.2bnn.a.n.a.
Q2 201814$1.5bnn.a.n.a.
Q3 201813$1.8bnn.a.n.a.
Q4 201811$1.5bnn.a.n.a.
Q1 201916$2.1bnn.a.n.a.
Q2 201918$1.9bnn.a.n.a.
Q3 201917$1.6bnn.a.n.a.
Q4 201917$2.1bnn.a.n.a.
Q1 202016$1.9bnn.a.n.a.
Q2 202020$3.1bnn.a.n.a.
Q3 202021$3.9bnn.a.n.a.
Q4 202022$5.1bnn.a.n.a.
Q1 202122$6.0bnn.a.n.a.
Q2 202124$7.6bnn.a.n.a.
Q3 202121$8.6bnn.a.n.a.
Q4 202121$9.0bnn.a.n.a.
Q1 202224$6.7bnn.a.n.a.
Q2 202219$4.2bnn.a.n.a.
Q3 202221$4.0bnn.a.n.a.
Q4 202222$4.0bnn.a.n.a.
Q1 202326$5.4bnn.a.n.a.
Q2 202324$6.6bnn.a.n.a.
Q3 202323$6.3bnn.a.n.a.
Q4 202327$7.6bn1415
Q1 202424$8.0bn1212
Q2 202427$7.0bn1613
Q3 202422$7.7bn177
Q4 202426$10.8bn189
Q1 202525$9.0bn1611
Q2 202525$7.7bn1610
Q3 202526$6.0bn188
Q4 202526$5.4bn1919
Q1 202619$3.1bn2115
Q2 202618$2.7bn2116

Compare with…

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

HUBS and GOOGL →HUBS and AMZN →HUBS and MSFT →Choose a stock to compare with HUBS →

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