L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 5 Feb 2026
Managers listing it
28
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 8 listed it in both
Shares listed
32,432,149
combined, among listed positions
Reported value
$6.6bn
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +3,870,140.

Managers listing KEYS 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.

28 of 28 holders

ActionFiling
T. Rowe Price Associates Inc17,419,811$3.5bn0.38%Added+85,69317 Feb 2026 (the filing on sec.gov)
Capital World Investors3,940,767$801m0.11%Added+240,05811 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,849,133$376munder 0.1%Trimmed-197,80819 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP1,529,797$311m0.18%Added+394,82313 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,317,501$268munder 0.1%Added+1,281,81417 Feb 2026 (the filing on sec.gov)
Man Group PLC1,125,891$229m0.39%Added+55,93617 Feb 2026 (the filing on sec.gov)
Woodline Partners LP926,828$188m0.73%Trimmed-267,37817 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd883,643$180m0.08%Added+168,69817 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC671,675$136m0.17%Added+501,18017 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)525,907$107munder 0.1%Added+273,53817 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP431,917$88m0.10%Newnew17 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC352,863$72m0.05%Added+234,32727 Oct 2026 (the filing on sec.gov)
Millennium Management LLC350,384$71munder 0.1%Added+245,70217 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC301,138$61munder 0.1%Added+295,09512 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP256,981$52munder 0.1%Added+47,22817 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC198,756$40munder 0.1%Trimmed-7,20917 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP94,461$19m0.15%Newnew17 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC57,509$12munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP46,424$9.4munder 0.1%Trimmed-32,02113 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC45,452$9.2munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC30,198$6.1munder 0.1%Added+9,43510 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC19,346$3.9munder 0.1%Trimmed-25,81013 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP16,522$3.4munder 0.1%Trimmed-12,82717 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP14,024$2.9munder 0.1%Trimmed-42217 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc7,579$1.5munder 0.1%Trimmed-4505 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.
14 in Q3 2024 to 27 in Q2 2026

Tracked managers listing it, at least.

0102030201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
KEYS by quarter
QuarterHoldersReported valueBuyersSellers
Q4 201410$1.1bnn.a.n.a.
Q1 201510$1.2bnn.a.n.a.
Q2 20157$975mn.a.n.a.
Q3 20158$1.1bnn.a.n.a.
Q4 20157$1.1bnn.a.n.a.
Q1 20168$1.1bnn.a.n.a.
Q2 20168$1.0bnn.a.n.a.
Q3 20169$991mn.a.n.a.
Q4 201610$1.5bnn.a.n.a.
Q1 201715$1.2bnn.a.n.a.
Q2 20178$1.4bnn.a.n.a.
Q3 20179$1.7bnn.a.n.a.
Q4 20176$1.8bnn.a.n.a.
Q1 20189$2.6bnn.a.n.a.
Q2 201814$2.9bnn.a.n.a.
Q3 201814$3.0bnn.a.n.a.
Q4 201815$2.9bnn.a.n.a.
Q1 201917$3.3bnn.a.n.a.
Q2 201919$3.3bnn.a.n.a.
Q3 201921$3.5bnn.a.n.a.
Q4 201919$3.3bnn.a.n.a.
Q1 202015$2.4bnn.a.n.a.
Q2 202012$2.5bnn.a.n.a.
Q3 202012$1.9bnn.a.n.a.
Q4 202012$2.2bnn.a.n.a.
Q1 202116$2.2bnn.a.n.a.
Q2 202117$2.4bnn.a.n.a.
Q3 202118$2.6bnn.a.n.a.
Q4 202122$3.8bnn.a.n.a.
Q1 202222$2.4bnn.a.n.a.
Q2 202219$2.1bnn.a.n.a.
Q3 202219$1.4bnn.a.n.a.
Q4 202217$1.4bnn.a.n.a.
Q1 202320$1.7bnn.a.n.a.
Q2 202321$1.7bnn.a.n.a.
Q3 202323$1.6bnn.a.n.a.
Q4 202318$1.7bn1111
Q1 202414$2.2bn711
Q2 202414$2.8bn106
Q3 202414$3.4bn86
Q4 202418$4.4bn143
Q1 202513$4.3bn78
Q2 202510$4.6bn74
Q3 20259$4.8bn72
Q4 202514$6.2bn1715
Q1 202618$7.9bn1817
Q2 202627$9.7bn2213

Compare with…

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

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

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