L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
34
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
85,889,656
combined, among listed positions
Reported value
$2.6bn
combined, at the quarter end

Among the 92 comparable managers: 25 buyers (opened or added shares) and 11 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +18,929,740.

Managers listing IBN 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
Invesco Ltd21,643,517$645m0.06%Trimmed-1,763,76819 Feb 2026 (the filing on sec.gov)
Man Group PLC9,070,256$270m0.46%Added+2,331,49017 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc6,774,963$202munder 0.1%Added+22,48717 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP6,016,402$179munder 0.1%Added+2,108,25817 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.5,920,209$176m0.10%Added+5,892,30917 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co4,709,302$140m0.12%Trimmed-175,22523 Jan 2026 (the filing on sec.gov)
Two Sigma Investments LP4,032,212$120m0.17%Added+2,598,60217 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP4,020,415$120m0.07%Added+168,01713 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC3,304,107$98m0.35%Added+564,30117 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP2,945,850$88m0.08%Added+293,65113 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC2,920,105$87munder 0.1%Added+2,544,43017 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)2,262,454$67munder 0.1%Trimmed-22,91717 Feb 2026 (the filing on sec.gov)
Millennium Management LLC2,241,935$67munder 0.1%Trimmed-361,62517 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC1,942,530$58m0.10%Trimmed-481,11310 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC1,703,511$51munder 0.1%Added+1,400,01512 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,467,733$44munder 0.1%Added+1,390,73317 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP1,234,000$37m0.07%Added+1,222,20017 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP846,579$25m0.05%Newnew17 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC516,644$15munder 0.1%Added+379,50013 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC498,364$15munder 0.1%Trimmed-32,57227 Oct 2026 (the filing on sec.gov)
Tudor Investment Corp383,077$11munder 0.1%Added+366,37917 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC318,357$9.5munder 0.1%Added+120,48817 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP166,724$5.0munder 0.1%Added+131,66617 Feb 2026 (the filing on sec.gov)
Capital World Investors148,618$4.4munder 0.1%Added+2,45911 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP127,615$3.8munder 0.1%Trimmed-95,83617 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.
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 →