- Quarter end
- 30 Sep 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 13 Nov 2025
- Managers listing it
- 10
- at least, of 95 tracked, among listed positions
- Comparable managers
- 95
- filed both Q2 2025 and Q3 2025; 6 listed it in both
- Shares listed
- 10,052,219
- combined, among listed positions
- Reported value
- $1.1bn
- combined, at the quarter end
Among the 95 comparable managers: 6 buyers (opened or added shares) and 3 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 LQD 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.
10 of 10 holders
| Action | Filing | |||||
|---|---|---|---|---|---|---|
| D. E. Shaw & Co. | 3,319,000 | $370m | 0.21% | New | new | 14 Nov 2025 (the filing on sec.gov) |
| Jane Street Group LLC | 2,680,658 | $299m | under 0.1% | Added | n.a. | 14 Nov 2025 (the filing on sec.gov) |
| Man Group PLC | 965,896 | $108m | 0.19% | Added | +158,640 | 14 Nov 2025 (the filing on sec.gov) |
| Bridgewater Associates LP | 962,500 | $107m | 0.42% | Trimmed | -72,800 | 13 Nov 2025 (the filing on sec.gov) |
| Verition Fund Management LLC | 731,163 | $82m | 0.34% | Trimmed | -2,401,837 | 14 Nov 2025 (the filing on sec.gov) |
| Neuberger Berman Group LLC | 580,497 | $65m | under 0.1% | New | new | 27 Oct 2026 (the filing on sec.gov) |
| Janus Henderson Group Ltd | 434,443 | $48m | under 0.1% | Added | +42,541 | 14 Nov 2025 (the filing on sec.gov) |
| Tudor Investment Corp | 193,062 | $22m | under 0.1% | Added | n.a. | 9 Dec 2025 (the filing on sec.gov) |
| Hudson Bay Capital Management LP | 165,000 | $18m | 0.06% | Trimmed | -615,000 | 15 Dec 2025 (the filing on sec.gov) |
| Soros Fund Management LLC | 20,000 | $2.2m | under 0.1% | Held | 0 | 14 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
- D. E. Shaw & Co.new position · 3,319,000 shares now+3,319,000
- Neuberger Berman Group LLCnew position · 580,497 shares now+580,497
- Man Group PLCexisting position · 965,896 shares now+158,640
- Janus Henderson Group Ltdexisting position · 434,443 shares now+42,541
Reductions
- Verition Fund Management LLCexisting position · 731,163 shares now-2,401,837
- Hudson Bay Capital Management LPexisting position · 165,000 shares now-615,000
- Bridgewater Associates LPexisting position · 962,500 shares now-72,800
New positions and exits
At least these many: a manager is shown exiting only where its own filing shows the position gone.
New (2)
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.
11 in Q3 2024 to 9 in Q2 2026
Tracked managers listing it, at least.
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 2 | $43m | n.a. | n.a. |
| Q3 2013 | 2 | $43m | n.a. | n.a. |
| Q4 2013 | 2 | $45m | n.a. | n.a. |
| Q1 2014 | 3 | $59m | n.a. | n.a. |
| Q2 2014 | 2 | $92m | n.a. | n.a. |
| Q3 2014 | 3 | $107m | n.a. | n.a. |
| Q4 2014 | 3 | $94m | n.a. | n.a. |
| Q1 2015 | 2 | $205m | n.a. | n.a. |
| Q2 2015 | 3 | $148m | n.a. | n.a. |
| Q3 2015 | 2 | $98m | n.a. | n.a. |
| Q4 2015 | 2 | $98m | n.a. | n.a. |
| Q1 2016 | 4 | $113m | n.a. | n.a. |
| Q2 2016 | 1 | $110m | n.a. | n.a. |
| Q3 2016 | 4 | $495m | n.a. | n.a. |
| Q4 2016 | 3 | $137m | n.a. | n.a. |
| Q1 2017 | 3 | $132m | n.a. | n.a. |
| Q2 2017 | 5 | $698m | n.a. | n.a. |
| Q3 2017 | 5 | $1.0bn | n.a. | n.a. |
| Q4 2017 | 4 | $731m | n.a. | n.a. |
| Q1 2018 | 4 | $828m | n.a. | n.a. |
| Q2 2018 | 2 | $427m | n.a. | n.a. |
| Q3 2018 | 2 | $299m | n.a. | n.a. |
| Q4 2018 | 2 | $291m | n.a. | n.a. |
| Q1 2019 | 7 | $564m | n.a. | n.a. |
| Q2 2019 | 8 | $780m | n.a. | n.a. |
| Q3 2019 | 10 | $995m | n.a. | n.a. |
| Q4 2019 | 7 | $741m | n.a. | n.a. |
| Q1 2020 | 11 | $2.4bn | n.a. | n.a. |
| Q2 2020 | 14 | $1.1bn | n.a. | n.a. |
| Q3 2020 | 10 | $2.1bn | n.a. | n.a. |
| Q4 2020 | 10 | $1.0bn | n.a. | n.a. |
| Q1 2021 | 7 | $1.6bn | n.a. | n.a. |
| Q2 2021 | 6 | $551m | n.a. | n.a. |
| Q3 2021 | 7 | $729m | n.a. | n.a. |
| Q4 2021 | 8 | $370m | n.a. | n.a. |
| Q1 2022 | 9 | $1.4bn | n.a. | n.a. |
| Q2 2022 | 8 | $1.1bn | n.a. | n.a. |
| Q3 2022 | 13 | $1.8bn | n.a. | n.a. |
| Q4 2022 | 13 | $1.7bn | n.a. | n.a. |
| Q1 2023 | 12 | $1.5bn | n.a. | n.a. |
| Q2 2023 | 16 | $2.0bn | n.a. | n.a. |
| Q3 2023 | 9 | $1.4bn | n.a. | n.a. |
| Q4 2023 | 12 | $1.9bn | 8 | 4 |
| Q1 2024 | 11 | $1.4bn | 8 | 5 |
| Q2 2024 | 13 | $1.1bn | 5 | 8 |
| Q3 2024 | 11 | $1.3bn | 4 | 9 |
| Q4 2024 | 9 | $1.3bn | 7 | 3 |
| Q1 2025 | 9 | $682m | 5 | 5 |
| Q2 2025 | 11 | $999m | 8 | 4 |
| Q3 2025 | 10 | $1.1bn | 6 | 3 |
| Q4 2025 | 8 | $1.2bn | 9 | 10 |
| Q1 2026 | 8 | $1.0bn | 10 | 12 |
| Q2 2026 | 9 | $1.0bn | 12 | 8 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
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 LQD, latest filings →Back to the 13F Explorer →