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
29
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 19 listed it in both
Shares listed
45,273,296
combined, among listed positions
Reported value
$13.4bn
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +6,040,699.

Managers listing IBM 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.

29 of 29 holders

ActionFiling
Capital World Investors22,021,912$6.5bn0.89%Added+4,976,75611 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)6,652,924$2.0bn0.10%Added+200,57117 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc5,617,117$1.7bn0.18%Added+2,553,55217 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,648,304$1.1bn0.10%Trimmed-272,92419 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP1,492,838$442m0.14%Trimmed-320,30017 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC1,022,679$303m0.23%Trimmed-102,91127 Oct 2026 (the filing on sec.gov)
AQR Capital Management LLC856,777$254m0.13%Trimmed-242,57017 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP563,306$167munder 0.1%Added+233,71517 Feb 2026 (the filing on sec.gov)
Woodline Partners LP376,712$112m0.43%Added+121,17417 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC355,567$105munder 0.1%Trimmed-148,64912 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC318,000$94m0.33%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd312,244$92munder 0.1%Added+1,89117 Feb 2026 (the filing on sec.gov)
Millennium Management LLC282,310$84munder 0.1%Trimmed-190,25417 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP280,370$83munder 0.1%Added+24,67017 Feb 2026 (the filing on sec.gov)
MFS Investment Management265,968$79munder 0.1%Trimmed-22,17522 Jan 2026 (the filing on sec.gov)
Citadel Advisors LLC253,805$75munder 0.1%Added+15,69917 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.245,054$73munder 0.1%Added+23,61217 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC229,053$68m0.11%Added+40,40610 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors110,704$33munder 0.1%Added+76911 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp100,001$30m0.05%Newnew17 Feb 2026 (the filing on sec.gov)
Man Group PLC84,436$25munder 0.1%Trimmed-25,97217 Feb 2026 (the filing on sec.gov)
Dodge & Cox46,702$14munder 0.1%Trimmed-48613 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC42,720$13munder 0.1%Added+41,97017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP31,580$9.4munder 0.1%Trimmed-1,048,06113 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC24,910$7.4munder 0.1%Added+6313 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.
17 in Q3 2024 to 20 in Q2 2026

Tracked managers listing it, at least.

0102030402014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
IBM by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201328$23.2bnn.a.n.a.
Q3 201328$23.4bnn.a.n.a.
Q4 201327$22.6bnn.a.n.a.
Q1 201428$22.7bnn.a.n.a.
Q2 201431$21.5bnn.a.n.a.
Q3 201426$22.5bnn.a.n.a.
Q4 201429$19.9bnn.a.n.a.
Q1 201524$20.0bnn.a.n.a.
Q2 201529$20.1bnn.a.n.a.
Q3 201527$18.2bnn.a.n.a.
Q4 201529$17.1bnn.a.n.a.
Q1 201624$18.2bnn.a.n.a.
Q2 201620$18.0bnn.a.n.a.
Q3 201626$18.7bnn.a.n.a.
Q4 201622$19.1bnn.a.n.a.
Q1 201732$17.3bnn.a.n.a.
Q2 201730$13.9bnn.a.n.a.
Q3 201727$10.5bnn.a.n.a.
Q4 201734$6.8bnn.a.n.a.
Q1 201829$5.9bnn.a.n.a.
Q2 201826$4.7bnn.a.n.a.
Q3 201824$4.8bnn.a.n.a.
Q4 201824$3.4bnn.a.n.a.
Q1 201924$4.3bnn.a.n.a.
Q2 201925$4.4bnn.a.n.a.
Q3 201922$4.6bnn.a.n.a.
Q4 201924$4.2bnn.a.n.a.
Q1 202018$3.1bnn.a.n.a.
Q2 202021$3.9bnn.a.n.a.
Q3 202018$3.6bnn.a.n.a.
Q4 202020$3.8bnn.a.n.a.
Q1 202121$3.9bnn.a.n.a.
Q2 202117$3.9bnn.a.n.a.
Q3 202120$3.6bnn.a.n.a.
Q4 202118$2.9bnn.a.n.a.
Q1 202218$2.4bnn.a.n.a.
Q2 202214$2.3bnn.a.n.a.
Q3 202213$2.1bnn.a.n.a.
Q4 202219$3.1bnn.a.n.a.
Q1 202325$3.4bnn.a.n.a.
Q2 202322$2.8bnn.a.n.a.
Q3 202320$2.8bnn.a.n.a.
Q4 202318$3.7bn109
Q1 202415$4.5bn79
Q2 202418$3.5bn89
Q3 202417$5.4bn116
Q4 202420$6.9bn1111
Q1 202518$8.2bn811
Q2 202520$9.8bn129
Q3 202521$10.8bn139
Q4 202517$12.8bn1716
Q1 202619$9.4bn1120
Q2 202620$13.3bn2113

Compare with…

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

IBM and AAPL →IBM and SNDK →IBM and CSCO →Choose a stock to compare with IBM →

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