L3VLUP
Quarter end
30 Jun 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 8 Aug 2025
Managers listing it
22
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q1 2025 and Q2 2025; 20 listed it in both
Shares listed
70,895,014
combined, among listed positions
Reported value
$13.2bn
combined, at the quarter end

Among the 95 comparable managers: 7 buyers (opened or added shares) and 15 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 HWM in Q2 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

22 of 22 holders

ActionFiling
Fidelity (FMR LLC)15,885,821$3.0bn0.17%Trimmed-1,082,39714 Aug 2025 (the filing on sec.gov)
MFS Investment Management14,064,219$2.6bn0.83%Trimmed-1,097,3328 Aug 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc13,126,041$2.4bn0.28%Added+405,48014 Aug 2025 (the filing on sec.gov)
Janus Henderson Group Ltd9,567,979$1.8bn0.87%Trimmed-1,602,65614 Aug 2025 (the filing on sec.gov)
Invesco Ltd6,566,345$1.2bn0.21%Trimmed-748,89313 Aug 2025 (the filing on sec.gov)
Capital World Investors4,097,631$763m0.11%Trimmed-358,56013 Aug 2025 (the filing on sec.gov)
Wellington Management Group LLP1,439,402$268munder 0.1%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Capital Research Global Investors1,409,031$262m0.05%Trimmed-1,748,86713 Aug 2025 (the filing on sec.gov)
AQR Capital Management LLC1,193,761$221m0.18%Trimmed-336,01814 Aug 2025 (the filing on sec.gov)
Renaissance Technologies LLC683,988$127m0.17%Added+101,20013 Aug 2025 (the filing on sec.gov)
Balyasny Asset Management LLC570,339$106m0.16%Added+324,23414 Aug 2025 (the filing on sec.gov)
Neuberger Berman Group LLC484,664$90m0.07%Addedn.a.27 Oct 2026 (the filing on sec.gov)
AllianceBernstein LP478,283$89munder 0.1%Trimmed-101,90214 Aug 2025 (the filing on sec.gov)
Artisan Partners LP434,454$81m0.12%Trimmed-240,60312 Aug 2025 (the filing on sec.gov)
Arrowstreet Capital LP360,033$67munder 0.1%Trimmed-253,65913 Aug 2025 (the filing on sec.gov)
Freestone Grove Partners LP331,412$62m0.47%Added+275,08714 Aug 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC62,915$12m0.08%Trimmed-30,45714 Aug 2025 (the filing on sec.gov)
GAMCO Investors Inc57,582$11m0.11%Trimmed-2,29813 Aug 2025 (the filing on sec.gov)
Holocene Advisors LP41,525$7.7munder 0.1%Trimmed-826,17014 Aug 2025 (the filing on sec.gov)
Winton Group Ltd25,814$4.8m0.25%Added+7,05914 Aug 2025 (the filing on sec.gov)
PDT Partners LLC10,694$2.0m0.11%Held014 Aug 2025 (the filing on sec.gov)
Caxton Associates LLP3,081$573kunder 0.1%Trimmed-56,23915 Aug 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q1 2025 to Q2 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.

New (0)

No new position among listed positions.

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.
25 in Q3 2024 to 37 in Q2 2026

Tracked managers listing it, at least.

0102030402020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
HWM by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20203$313mn.a.n.a.
Q2 202011$1.4bnn.a.n.a.
Q3 202012$1.6bnn.a.n.a.
Q4 202021$3.0bnn.a.n.a.
Q1 202118$3.2bnn.a.n.a.
Q2 202119$3.8bnn.a.n.a.
Q3 202118$3.4bnn.a.n.a.
Q4 202115$3.7bnn.a.n.a.
Q1 202212$3.6bnn.a.n.a.
Q2 202215$3.2bnn.a.n.a.
Q3 202220$3.1bnn.a.n.a.
Q4 202219$4.4bnn.a.n.a.
Q1 202323$4.7bnn.a.n.a.
Q2 202325$5.2bnn.a.n.a.
Q3 202326$4.3bnn.a.n.a.
Q4 202322$5.0bn815
Q1 202422$6.1bn138
Q2 202423$7.1bn1413
Q3 202425$8.7bn816
Q4 202421$9.0bn712
Q1 202523$10.0bn1013
Q2 202522$13.2bn715
Q3 202523$13.4bn149
Q4 202526$13.6bn2314
Q1 202635$15.6bn2416
Q2 202637$17.3bn1925

Compare with…

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

HWM and LIN →HWM and GLW →HWM and FCX →Choose a stock to compare with HWM →

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