L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
5 Nov 2026
latest of these filings; the earliest 2 May 2025
Managers listing it
49
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 41 listed it in both
Shares listed
118,195,208
combined, among listed positions
Reported value
$64.7bn
combined, at the quarter end

Among the 95 comparable managers: 30 buyers (opened or added shares) and 18 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 MA in Q1 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2024, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

49 of 49 holders

ActionFiling
Fidelity (FMR LLC)22,800,827$12.5bn0.80%Added+532,8905 Nov 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc20,096,979$11.0bn1.36%Added+907,18414 May 2025 (the filing on sec.gov)
Wellington Management Group LLP13,526,118$7.4bn1.43%Added+3,765,37813 May 2025 (the filing on sec.gov)
Capital Research Global Investors10,222,012$5.6bn1.22%Trimmed-20,80812 May 2025 (the filing on sec.gov)
Janus Henderson Group Ltd6,789,920$3.7bn2.01%Trimmed-67,73015 May 2025 (the filing on sec.gov)
Invesco Ltd5,227,112$2.9bn0.54%Added+389,59312 May 2025 (the filing on sec.gov)
MFS Investment Management5,072,427$2.8bn0.92%Added+48,5332 May 2025 (the filing on sec.gov)
Capital World Investors4,879,693$2.7bn0.43%Added+249,73912 May 2025 (the filing on sec.gov)
Berkshire Hathaway Inc3,986,648$2.2bn0.84%Held015 May 2025 (the filing on sec.gov)
Akre Capital Management LLC3,331,076$1.8bn17.56%Trimmed-372,66313 May 2025 (the filing on sec.gov)
Polen Capital Management LLC3,211,209$1.8bn5.53%Trimmed-281,25712 May 2025 (the filing on sec.gov)
AllianceBernstein LP3,015,791$1.7bn0.60%Trimmed-243,91615 May 2025 (the filing on sec.gov)
Arrowstreet Capital LP2,199,601$1.2bn0.98%Added+259,52014 May 2025 (the filing on sec.gov)
Baillie Gifford & Co1,631,605$894m0.78%Trimmed-166,3337 May 2025 (the filing on sec.gov)
Neuberger Berman Group LLC1,523,877$835m0.70%Trimmed-7,61127 Oct 2026 (the filing on sec.gov)
Two Sigma Advisers LP1,134,100$622m1.40%Added+56,10015 May 2025 (the filing on sec.gov)
Soroban Capital Partners LP922,216$505m7.13%Trimmed-58,82015 May 2025 (the filing on sec.gov)
Citadel Advisors LLC905,707$496m0.09%Added+299,23915 May 2025 (the filing on sec.gov)
Balyasny Asset Management LLC754,793$414m0.68%Addedn.a.15 May 2025 (the filing on sec.gov)
Acadian Asset Management LLC751,416$412m1.16%Added+392,45421 May 2025 (the filing on sec.gov)
Millennium Management LLC685,965$376m0.20%Added+121,28315 May 2025 (the filing on sec.gov)
D. E. Shaw & Co.672,422$369m0.33%Added+27,84115 May 2025 (the filing on sec.gov)
Man Group PLC558,042$306m0.78%Added+15,31415 May 2025 (the filing on sec.gov)
AQR Capital Management LLC497,167$265m0.27%Added+30,07015 May 2025 (the filing on sec.gov)
Holocene Advisors LP467,525$256m0.75%Trimmed-19,31815 May 2025 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q4 2024 to Q1 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.
43 in Q3 2024 to 43 in Q2 2026

Tracked managers listing it, at least.

02040602014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
MA by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201331$13.4bnn.a.n.a.
Q3 201336$15.8bnn.a.n.a.
Q4 201335$19.7bnn.a.n.a.
Q1 201433$15.5bnn.a.n.a.
Q2 201439$15.7bnn.a.n.a.
Q3 201444$17.0bnn.a.n.a.
Q4 201440$20.2bnn.a.n.a.
Q1 201536$19.4bnn.a.n.a.
Q2 201534$20.7bnn.a.n.a.
Q3 201538$19.5bnn.a.n.a.
Q4 201537$19.9bnn.a.n.a.
Q1 201639$18.9bnn.a.n.a.
Q2 201641$17.9bnn.a.n.a.
Q3 201643$20.7bnn.a.n.a.
Q4 201640$19.9bnn.a.n.a.
Q1 201736$20.8bnn.a.n.a.
Q2 201739$24.8bnn.a.n.a.
Q3 201742$29.2bnn.a.n.a.
Q4 201744$29.6bnn.a.n.a.
Q1 201845$33.7bnn.a.n.a.
Q2 201847$38.2bnn.a.n.a.
Q3 201844$43.0bnn.a.n.a.
Q4 201847$37.6bnn.a.n.a.
Q1 201945$46.4bnn.a.n.a.
Q2 201950$52.4bnn.a.n.a.
Q3 201946$52.0bnn.a.n.a.
Q4 201944$56.2bnn.a.n.a.
Q1 202051$41.8bnn.a.n.a.
Q2 202047$49.3bnn.a.n.a.
Q3 202045$56.1bnn.a.n.a.
Q4 202052$57.9bnn.a.n.a.
Q1 202150$56.4bnn.a.n.a.
Q2 202150$54.9bnn.a.n.a.
Q3 202150$48.9bnn.a.n.a.
Q4 202142$49.3bnn.a.n.a.
Q1 202238$50.1bnn.a.n.a.
Q2 202248$45.4bnn.a.n.a.
Q3 202253$40.8bnn.a.n.a.
Q4 202237$65.6bnn.a.n.a.
Q1 202345$50.3bnn.a.n.a.
Q2 202347$51.2bnn.a.n.a.
Q3 202352$49.7bnn.a.n.a.
Q4 202346$51.7bn2221
Q1 202448$58.0bn2025
Q2 202449$51.2bn2424
Q3 202443$55.8bn1330
Q4 202443$58.3bn1823
Q1 202549$64.7bn3018
Q2 202550$68.3bn3215
Q3 202544$68.1bn1726
Q4 202543$65.6bn1930
Q1 202646$57.4bn2827
Q2 202643$58.1bn2429

Compare with…

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

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

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