L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 4 Feb 2026
Managers listing it
25
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 7 listed it in both
Shares listed
6,628,208
combined, among listed positions
Reported value
$999m
combined, at the quarter end

Among the 92 comparable managers: 10 buyers (opened or added shares) and 17 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +137,731.

Managers listing JBTM 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.

25 of 25 holders

ActionFiling
Fidelity (FMR LLC)1,941,415$293munder 0.1%Added+511,48917 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,458,953$220munder 0.1%Added+233,91417 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP964,605$145munder 0.1%Trimmed-90417 Feb 2026 (the filing on sec.gov)
Artisan Partners LP564,745$85m0.13%Trimmed-98,77817 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP449,862$68munder 0.1%Trimmed-111,05417 Feb 2026 (the filing on sec.gov)
Invesco Ltd440,849$66munder 0.1%Added+60,08319 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP217,202$33munder 0.1%Trimmed-199,87517 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC155,433$23munder 0.1%Trimmed-13,34617 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC116,700$18munder 0.1%Trimmed-60,20012 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP66,474$10munder 0.1%Added+64,32617 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC63,623$9.6munder 0.1%Trimmed-4004 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC38,652$5.8munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC29,313$4.4munder 0.1%Trimmed-4,05917 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC25,290$3.8munder 0.1%Trimmed-8,98813 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd23,275$3.5munder 0.1%Added+1,41017 Feb 2026 (the filing on sec.gov)
Man Group PLC22,872$3.4munder 0.1%Added+5,68117 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP16,158$2.4munder 0.1%Added+4,63413 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP10,256$1.5munder 0.1%Trimmed-40,40313 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC5,325$802kunder 0.1%Trimmed-11027 Oct 2026 (the filing on sec.gov)
GAMCO Investors Inc4,762$717kunder 0.1%Trimmed-5,3505 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP4,455$671kunder 0.1%Trimmed-14,37817 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC3,081$464kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC2,119$319kunder 0.1%Trimmed-135,50417 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC1,510$228kunder 0.1%Trimmed-8,11812 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP1,279$193kunder 0.1%Newnew10 Feb 2026 (the filing on sec.gov)

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.
5 in Q3 2024 to 5 in Q2 2026

Tracked managers listing it, at least.

035810201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
JBTM by quarter
QuarterHoldersReported valueBuyersSellers
Q3 20131$363kn.a.n.a.
Q1 20151$14mn.a.n.a.
Q2 20151$19mn.a.n.a.
Q3 20153$268mn.a.n.a.
Q4 20153$316mn.a.n.a.
Q1 20164$362mn.a.n.a.
Q2 20163$279mn.a.n.a.
Q3 20163$303mn.a.n.a.
Q4 20163$348mn.a.n.a.
Q1 20175$370mn.a.n.a.
Q2 20173$401mn.a.n.a.
Q3 20172$423mn.a.n.a.
Q4 20173$508mn.a.n.a.
Q1 20182$560mn.a.n.a.
Q2 20184$587mn.a.n.a.
Q3 20184$743mn.a.n.a.
Q4 20183$437mn.a.n.a.
Q1 20193$559mn.a.n.a.
Q2 20193$726mn.a.n.a.
Q3 20195$566mn.a.n.a.
Q4 20195$663mn.a.n.a.
Q1 20205$465mn.a.n.a.
Q2 20206$578mn.a.n.a.
Q3 20206$617mn.a.n.a.
Q4 20206$703mn.a.n.a.
Q1 20214$529mn.a.n.a.
Q2 20214$706mn.a.n.a.
Q3 20214$697mn.a.n.a.
Q4 20214$707mn.a.n.a.
Q1 20225$603mn.a.n.a.
Q2 20225$573mn.a.n.a.
Q3 20223$96mn.a.n.a.
Q4 20221$8.2mn.a.n.a.
Q1 20233$151mn.a.n.a.
Q2 20233$169mn.a.n.a.
Q3 20232$23mn.a.n.a.
Q4 20232$20m02
Q1 20242$21m11
Q2 20244$126m31
Q3 20245$275m41
Q4 20247$435m52
Q1 20258$360m34
Q2 202510$391m73
Q3 20257$495m55
Q4 20254$460m1017
Q1 20265$515m1214
Q2 20265$609m1414

Compare with…

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

JBTM and GE →JBTM and LRCX →JBTM and GEV →Choose a stock to compare with JBTM →

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