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
26
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 3 listed it in both
Shares listed
84,849,909
combined, among listed positions
Reported value
$659m
combined, at the quarter end

Among the 92 comparable managers: 15 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +17,871,991.

Managers listing LUMN 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.

26 of 26 holders

ActionFiling
Fidelity (FMR LLC)26,391,299$205munder 0.1%Added+16,323,05717 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC10,043,267$78m0.12%Trimmed-1,258,93912 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc8,043,124$62munder 0.1%Added+7,082,56017 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP7,343,942$57munder 0.1%Added+1,253,53813 Feb 2026 (the filing on sec.gov)
Millennium Management LLC7,311,422$57munder 0.1%Added+1,297,60117 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP4,595,530$36m0.05%Trimmed-1,616,87617 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.4,043,106$31munder 0.1%Added+324,11517 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,953,793$31munder 0.1%Trimmed-1,005,47319 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC3,020,166$23munder 0.1%Added+2,477,43412 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC2,169,146$17munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,396,084$11munder 0.1%Trimmed-3,150,42417 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd1,290,439$10munder 0.1%Added+679,37317 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP1,221,557$9.5munder 0.1%Trimmed-12,15817 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP993,213$7.7m0.06%Newnew17 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP595,417$4.6munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Man Group PLC558,083$4.3munder 0.1%Trimmed-2,810,71417 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP544,028$4.2munder 0.1%Trimmed-3,574,20017 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp325,162$2.5munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC227,066$1.8munder 0.1%Added+101,06717 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP210,258$1.6munder 0.1%Trimmed-438,80017 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC194,750$1.5munder 0.1%Trimmed-194,84713 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC117,504$910kunder 0.1%Added+100,95310 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC104,686$813kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC78,084$607kunder 0.1%Added+12,44727 Oct 2026 (the filing on sec.gov)
Marshall Wace LLP48,166$374kunder 0.1%Trimmed-926,05613 Feb 2026 (the filing on sec.gov)
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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 4 in Q2 2026

Tracked managers listing it, at least.

051015202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
LUMN by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20218$1.3bnn.a.n.a.
Q2 20217$1.4bnn.a.n.a.
Q3 20215$971mn.a.n.a.
Q4 20219$1.0bnn.a.n.a.
Q1 20228$901mn.a.n.a.
Q2 20229$876mn.a.n.a.
Q3 20228$593mn.a.n.a.
Q4 202211$752mn.a.n.a.
Q1 202310$311mn.a.n.a.
Q2 20235$133mn.a.n.a.
Q3 20234$53mn.a.n.a.
Q4 20233$64m03
Q1 20243$52m12
Q2 20241$17m02
Q3 20245$338m23
Q4 20248$243m44
Q1 20256$198m42
Q2 20255$172m32
Q3 20254$135m04
Q4 20254$179m1515
Q1 20264$244m199
Q2 20264$210m1513

Compare with…

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

LUMN and NFLX →LUMN and TMUS →LUMN and CMCSA →Choose a stock to compare with LUMN →

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