L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 4 listed it in both
Shares listed
13,214,674
combined, among listed positions
Reported value
$1.4bn
combined, at the quarter end

Among the 92 comparable managers: 16 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +400,797.

Managers listing L 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.

27 of 27 holders

ActionFiling
T. Rowe Price Associates Inc3,984,234$420munder 0.1%Added+344,99517 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC3,549,364$374m0.06%Trimmed-45,52017 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,229,974$340munder 0.1%Trimmed-133,88719 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC662,265$70munder 0.1%Added+20,00617 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC378,600$40m0.06%Added+71,30012 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)341,007$36munder 0.1%Added+248,68717 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC245,638$26munder 0.1%Added+193,73110 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP185,731$20munder 0.1%Trimmed-2,80317 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP109,463$12munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP88,892$9.4munder 0.1%Added+19,67213 Feb 2026 (the filing on sec.gov)
Millennium Management LLC71,050$7.5munder 0.1%Trimmed-172,56617 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC68,146$7.2munder 0.1%Added+24,19327 Oct 2026 (the filing on sec.gov)
Walleye Capital LLC39,402$4.1munder 0.1%Added+13,72513 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.37,860$4.0munder 0.1%Trimmed-53,54117 Feb 2026 (the filing on sec.gov)
Man Group PLC35,872$3.8munder 0.1%Added+31,53817 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC33,009$3.5munder 0.1%Trimmed-1,56713 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC29,722$3.1munder 0.1%Trimmed-135,53912 Feb 2026 (the filing on sec.gov)
Woodline Partners LP29,039$3.1munder 0.1%Added+6,55817 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP28,547$3.0munder 0.1%Trimmed-4,48717 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd23,146$2.4munder 0.1%Added+33317 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP15,872$1.7munder 0.1%Trimmed-38,71017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP10,500$1.1munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC4,516$476kunder 0.1%Trimmed-2113 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP3,460$364kunder 0.1%Trimmed-30,33317 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC3,439$362kunder 0.1%Newnew17 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.
4 in Q3 2024 to 7 in Q2 2026

Tracked managers listing it, at least.

0510152014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
L by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201313$2.4bnn.a.n.a.
Q3 201312$2.4bnn.a.n.a.
Q4 201310$2.5bnn.a.n.a.
Q1 201410$2.2bnn.a.n.a.
Q2 201413$2.2bnn.a.n.a.
Q3 201414$2.1bnn.a.n.a.
Q4 201412$2.2bnn.a.n.a.
Q1 20158$2.1bnn.a.n.a.
Q2 20159$1.9bnn.a.n.a.
Q3 20157$1.6bnn.a.n.a.
Q4 20154$964mn.a.n.a.
Q1 20167$1.1bnn.a.n.a.
Q2 20168$1.2bnn.a.n.a.
Q3 20168$1.2bnn.a.n.a.
Q4 20167$1.3bnn.a.n.a.
Q1 20177$1.2bnn.a.n.a.
Q2 201710$1.3bnn.a.n.a.
Q3 201711$1.4bnn.a.n.a.
Q4 201712$1.5bnn.a.n.a.
Q1 20185$1.3bnn.a.n.a.
Q2 20187$1.2bnn.a.n.a.
Q3 201810$1.3bnn.a.n.a.
Q4 20187$1.1bnn.a.n.a.
Q1 20196$1.2bnn.a.n.a.
Q2 20195$1.2bnn.a.n.a.
Q3 20197$969mn.a.n.a.
Q4 20196$956mn.a.n.a.
Q1 20207$647mn.a.n.a.
Q2 20205$597mn.a.n.a.
Q3 20202$657mn.a.n.a.
Q4 20202$833mn.a.n.a.
Q1 20214$1.1bnn.a.n.a.
Q2 20215$1.2bnn.a.n.a.
Q3 20213$1.1bnn.a.n.a.
Q4 20215$1.2bnn.a.n.a.
Q1 20225$1.3bnn.a.n.a.
Q2 20225$1.3bnn.a.n.a.
Q3 20226$837mn.a.n.a.
Q4 20228$903mn.a.n.a.
Q1 20235$638mn.a.n.a.
Q2 20234$601mn.a.n.a.
Q3 20237$672mn.a.n.a.
Q4 20236$743m42
Q1 20247$860m53
Q2 20245$843m32
Q3 20244$839m13
Q4 20246$848m42
Q1 20255$781m32
Q2 20253$646m03
Q3 20254$1.1bn31
Q4 20255$1.2bn1614
Q1 20265$1.3bn2110
Q2 20267$1.5bn1614

Compare with…

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

L and V →L and AXP →L and BAC →Choose a stock to compare with L →

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