L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
14 Nov 2025
latest of these filings; the earliest 31 Oct 2025
Managers listing it
11
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 10 listed it in both
Shares listed
55,225,909
combined, among listed positions
Reported value
$1.7bn
combined, at the quarter end

Among the 95 comparable managers: 3 buyers (opened or added shares) and 8 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 IBN in Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

11 of 11 holders

ActionFiling
Invesco Ltd23,407,285$708m0.11%Added+928,32913 Nov 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc6,752,476$204munder 0.1%Trimmed-1,770,42714 Nov 2025 (the filing on sec.gov)
Man Group PLC6,738,766$204m0.35%Added+1,182,90814 Nov 2025 (the filing on sec.gov)
Baillie Gifford & Co4,884,527$148m0.11%Trimmed-381,41531 Oct 2025 (the filing on sec.gov)
Arrowstreet Capital LP3,852,398$116m0.07%Trimmed-645,51313 Nov 2025 (the filing on sec.gov)
Voloridge Investment Management LLC2,739,806$83m0.28%Trimmed-876,46114 Nov 2025 (the filing on sec.gov)
Marshall Wace LLP2,652,199$80m0.08%Addedn.a.13 Nov 2025 (the filing on sec.gov)
Acadian Asset Management LLC2,423,643$73m0.13%Trimmed-325,94213 Nov 2025 (the filing on sec.gov)
Two Sigma Investments LP1,433,610$43m0.06%Trimmed-523,53914 Nov 2025 (the filing on sec.gov)
Polen Capital Management LLC224,267$6.8munder 0.1%Trimmed-276,20812 Nov 2025 (the filing on sec.gov)
Artisan Partners LP116,932$3.5munder 0.1%Trimmed-1,22912 Nov 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q2 2025 to Q3 2025, among managers that listed it in both quarters or opened it.

Increases

  • Man Group PLCexisting position · 6,738,766 shares now+1,182,908
  • Invesco Ltdexisting position · 23,407,285 shares now+928,329

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.

Exited (0)

No exit shown by a manager’s own filing.

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.
10 in Q3 2024 to 12 in Q2 2026

Tracked managers listing it, at least.

051015202014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
IBN by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20139$1.0bnn.a.n.a.
Q3 20135$814mn.a.n.a.
Q4 20138$964mn.a.n.a.
Q1 20149$1.2bnn.a.n.a.
Q2 201414$1.1bnn.a.n.a.
Q3 201410$956mn.a.n.a.
Q4 20149$1.2bnn.a.n.a.
Q1 201513$1.2bnn.a.n.a.
Q2 20158$1.2bnn.a.n.a.
Q3 201511$969mn.a.n.a.
Q4 201511$900mn.a.n.a.
Q1 201613$843mn.a.n.a.
Q2 201612$784mn.a.n.a.
Q3 201611$771mn.a.n.a.
Q4 201614$937mn.a.n.a.
Q1 201711$886mn.a.n.a.
Q2 201713$1.0bnn.a.n.a.
Q3 201713$960mn.a.n.a.
Q4 201710$919mn.a.n.a.
Q1 201811$806mn.a.n.a.
Q2 20187$773mn.a.n.a.
Q3 201810$1.2bnn.a.n.a.
Q4 201811$1.4bnn.a.n.a.
Q1 201911$1.9bnn.a.n.a.
Q2 201913$2.6bnn.a.n.a.
Q3 201911$2.4bnn.a.n.a.
Q4 201913$2.8bnn.a.n.a.
Q1 20208$1.1bnn.a.n.a.
Q2 20208$1.2bnn.a.n.a.
Q3 20208$1.3bnn.a.n.a.
Q4 20209$1.4bnn.a.n.a.
Q1 202111$2.1bnn.a.n.a.
Q2 202111$2.6bnn.a.n.a.
Q3 202113$2.9bnn.a.n.a.
Q4 202112$1.4bnn.a.n.a.
Q1 202212$1.3bnn.a.n.a.
Q2 202212$915mn.a.n.a.
Q3 202215$1.6bnn.a.n.a.
Q4 202216$1.8bnn.a.n.a.
Q1 202317$1.7bnn.a.n.a.
Q2 202318$1.8bnn.a.n.a.
Q3 202316$1.8bnn.a.n.a.
Q4 202315$1.8bn78
Q1 202415$1.7bn511
Q2 202414$1.7bn99
Q3 202410$1.5bn64
Q4 202410$1.7bn46
Q1 202512$1.8bn83
Q2 202515$2.2bn124
Q3 202511$1.7bn38
Q4 202517$2.2bn2511
Q1 202616$1.7bn1718
Q2 202612$1.5bn1122

Compare with…

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

IBN and BAC →IBN and JPM →IBN and WFC →Choose a stock to compare with IBN →

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