L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
50
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 42 listed it in both
Shares listed
115,482,904
combined, among listed positions
Reported value
$65.9bn
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 30 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -4,804,082.

Managers listing MA 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.

50 of 50 holders

ActionFiling
Fidelity (FMR LLC)25,177,655$14.4bn0.73%Trimmed-1,690,26517 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc19,041,495$10.9bn1.17%Trimmed-842,42417 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP13,496,758$7.7bn1.35%Added+1,196,47117 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors10,791,976$6.2bn1.14%Added+444,14211 Feb 2026 (the filing on sec.gov)
MFS Investment Management5,871,070$3.4bn1.08%Trimmed-367,93022 Jan 2026 (the filing on sec.gov)
Invesco Ltd5,422,493$3.1bn0.29%Trimmed-236,05419 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd5,260,969$3.0bn1.34%Trimmed-997,05717 Feb 2026 (the filing on sec.gov)
Berkshire Hathaway Inc3,986,648$2.3bn0.83%Held017 Feb 2026 (the filing on sec.gov)
Capital World Investors3,344,879$1.9bn0.26%Trimmed-1,476,05711 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP3,111,652$1.8bn1.04%Added+733,10113 Feb 2026 (the filing on sec.gov)
Akre Capital Management LLC3,005,280$1.7bn18.81%Trimmed-150,31413 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP2,290,904$1.3bn0.41%Trimmed-470,00417 Feb 2026 (the filing on sec.gov)
Polen Capital Management LLC2,131,727$1.2bn5.20%Trimmed-609,51612 Feb 2026 (the filing on sec.gov)
Soroban Capital Partners LP1,889,087$1.1bn7.50%Added+790,51417 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC1,565,050$894m0.66%Trimmed-59,91727 Oct 2026 (the filing on sec.gov)
Baillie Gifford & Co1,464,206$836m0.69%Trimmed-95,52623 Jan 2026 (the filing on sec.gov)
Two Sigma Advisers LP1,227,980$701m1.36%Added+125,78017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC849,404$485m0.25%Trimmed-11,88917 Feb 2026 (the filing on sec.gov)
Man Group PLC837,229$478m0.81%Trimmed-44,06717 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC458,473$262m0.92%Added+100,10817 Feb 2026 (the filing on sec.gov)
Egerton Capital UK LLP458,342$262m2.84%Trimmed-1,81311 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP441,496$252m0.36%Added+45,40417 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC416,313$238m0.39%Trimmed-1,018,14510 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP409,207$234m0.85%Added+42,95113 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.321,418$183m0.10%Added+38,67917 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.
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 →