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
46
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 29 listed it in both
Shares listed
48,318,893
combined, among listed positions
Reported value
$14.8bn
combined, at the quarter end

Among the 92 comparable managers: 20 buyers (opened or added shares) and 29 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +714,372.

Managers listing MCD 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.

46 of 46 holders

ActionFiling
T. Rowe Price Associates Inc9,474,749$2.9bn0.31%Added+277,61717 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors6,222,275$1.9bn0.35%Trimmed-25,59111 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP4,620,381$1.4bn0.25%Trimmed-2,808,44317 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,876,069$1.2bn0.11%Trimmed-318,37619 Feb 2026 (the filing on sec.gov)
Viking Global Investors LP3,619,215$1.1bn2.94%Added+244,34017 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)3,549,496$1.1bn0.06%Trimmed-328,67017 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP3,104,337$949m0.56%Added+1,033,04113 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.2,078,003$635m0.35%Added+1,688,63517 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC1,827,316$558m0.42%Trimmed-52,11227 Oct 2026 (the filing on sec.gov)
Capital World Investors1,550,991$474m0.06%Added+23,85111 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP1,306,156$399m0.13%Trimmed-21,31017 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP1,296,431$396m0.83%Added+916,64817 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP715,995$219m0.20%Trimmed-111,55213 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP646,254$198m0.28%Added+631,24017 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC518,932$159munder 0.1%Added+181,28017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC488,324$149m0.08%Added+143,35217 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP457,512$140munder 0.1%Added+73,32317 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP411,240$126m0.24%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd318,919$97munder 0.1%Trimmed-3,62617 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC312,358$95m0.12%Added+241,68817 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP273,155$83m0.09%Trimmed-30,58217 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp206,714$63m0.12%Newnew17 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC203,445$62m0.19%Added+39,39513 Feb 2026 (the filing on sec.gov)
Man Group PLC190,737$58m0.10%Trimmed-70,14417 Feb 2026 (the filing on sec.gov)
Millennium Management LLC140,178$43munder 0.1%Trimmed-805,93517 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.
27 in Q3 2024 to 28 in Q2 2026

Tracked managers listing it, at least.

0102030402014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
MCD by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201322$7.0bnn.a.n.a.
Q3 201325$6.7bnn.a.n.a.
Q4 201323$6.9bnn.a.n.a.
Q1 201426$8.1bnn.a.n.a.
Q2 201428$8.4bnn.a.n.a.
Q3 201433$8.4bnn.a.n.a.
Q4 201428$8.8bnn.a.n.a.
Q1 201532$10.2bnn.a.n.a.
Q2 201530$10.4bnn.a.n.a.
Q3 201529$10.8bnn.a.n.a.
Q4 201536$12.5bnn.a.n.a.
Q1 201633$13.7bnn.a.n.a.
Q2 201630$12.3bnn.a.n.a.
Q3 201629$9.8bnn.a.n.a.
Q4 201629$9.1bnn.a.n.a.
Q1 201733$10.9bnn.a.n.a.
Q2 201730$13.9bnn.a.n.a.
Q3 201731$14.1bnn.a.n.a.
Q4 201731$15.9bnn.a.n.a.
Q1 201831$14.3bnn.a.n.a.
Q2 201828$13.6bnn.a.n.a.
Q3 201825$16.1bnn.a.n.a.
Q4 201826$17.5bnn.a.n.a.
Q1 201934$18.5bnn.a.n.a.
Q2 201934$19.3bnn.a.n.a.
Q3 201927$18.1bnn.a.n.a.
Q4 201929$13.4bnn.a.n.a.
Q1 202029$11.8bnn.a.n.a.
Q2 202027$13.7bnn.a.n.a.
Q3 202035$17.6bnn.a.n.a.
Q4 202035$16.2bnn.a.n.a.
Q1 202134$16.0bnn.a.n.a.
Q2 202133$15.2bnn.a.n.a.
Q3 202127$15.7bnn.a.n.a.
Q4 202125$15.8bnn.a.n.a.
Q1 202229$15.1bnn.a.n.a.
Q2 202231$14.4bnn.a.n.a.
Q3 202231$13.0bnn.a.n.a.
Q4 202233$15.1bnn.a.n.a.
Q1 202337$16.7bnn.a.n.a.
Q2 202339$17.4bnn.a.n.a.
Q3 202333$13.3bnn.a.n.a.
Q4 202325$13.5bn1219
Q1 202432$13.2bn1617
Q2 202430$14.3bn1713
Q3 202427$17.3bn208
Q4 202424$14.4bn917
Q1 202528$15.2bn1813
Q2 202537$14.1bn2017
Q3 202535$14.1bn2511
Q4 202536$14.4bn2029
Q1 202627$13.4bn2126
Q2 202628$11.9bn2121

Compare with…

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

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