- Quarter end
- 30 Jun 2025
- the date the book describes
- Filed
- 27 Aug 2025
- latest of these filings; the earliest 6 Aug 2025
- Managers listing it
- 13
- at least, of 95 tracked, among listed positions
- Comparable managers
- 95
- filed both Q1 2025 and Q2 2025; 9 listed it in both
- Shares listed
- 5,515,505
- combined, among listed positions
- Reported value
- $3.0bn
- combined, at the quarter end
Among the 95 comparable managers: 7 buyers (opened or added shares) and 7 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 MLM in Q2 2025
13 of 13 holders
Largest increases and reductions, by shares
Increases
- Fidelity (FMR LLC)existing position · 3,010,162 shares now+352,258
- Man Group PLCnew position · 46,375 shares now+46,375
- ExodusPoint Capital Management LPexisting position · 26,324 shares now+14,414
- Freestone Grove Partners LPexisting position · 14,727 shares now+9,318
- Brevan Howard Capital Management LPnew position · 7,876 shares now+7,876
Reductions
- Invesco Ltdexisting position · 712,457 shares now-141,778
- Two Sigma Investments LPexisting position · 217,342 shares now-98,204
- Two Sigma Advisers LPexisting position · 102,296 shares now-96,304
- Squarepoint Ops LLCexisting position · 79,510 shares now-49,389
- Baillie Gifford & Coexisting position · 1,230,943 shares now-24,173
New positions and exits
New (4)
Exited (1)
- Egerton Capital UK LLPwas $79m
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 9 | $969m | n.a. | n.a. |
| Q3 2013 | 5 | $984m | n.a. | n.a. |
| Q4 2013 | 10 | $1.2bn | n.a. | n.a. |
| Q1 2014 | 7 | $1.6bn | n.a. | n.a. |
| Q2 2014 | 12 | $1.9bn | n.a. | n.a. |
| Q3 2014 | 11 | $2.1bn | n.a. | n.a. |
| Q4 2014 | 6 | $1.8bn | n.a. | n.a. |
| Q1 2015 | 13 | $2.1bn | n.a. | n.a. |
| Q2 2015 | 10 | $2.0bn | n.a. | n.a. |
| Q3 2015 | 11 | $2.5bn | n.a. | n.a. |
| Q4 2015 | 9 | $2.2bn | n.a. | n.a. |
| Q1 2016 | 11 | $2.3bn | n.a. | n.a. |
| Q2 2016 | 12 | $2.6bn | n.a. | n.a. |
| Q3 2016 | 12 | $2.3bn | n.a. | n.a. |
| Q4 2016 | 15 | $3.0bn | n.a. | n.a. |
| Q1 2017 | 17 | $2.6bn | n.a. | n.a. |
| Q2 2017 | 16 | $2.7bn | n.a. | n.a. |
| Q3 2017 | 9 | $1.5bn | n.a. | n.a. |
| Q4 2017 | 14 | $1.7bn | n.a. | n.a. |
| Q1 2018 | 9 | $1.3bn | n.a. | n.a. |
| Q2 2018 | 11 | $1.9bn | n.a. | n.a. |
| Q3 2018 | 8 | $1.5bn | n.a. | n.a. |
| Q4 2018 | 8 | $1.4bn | n.a. | n.a. |
| Q1 2019 | 11 | $2.0bn | n.a. | n.a. |
| Q2 2019 | 11 | $2.1bn | n.a. | n.a. |
| Q3 2019 | 13 | $2.5bn | n.a. | n.a. |
| Q4 2019 | 15 | $2.2bn | n.a. | n.a. |
| Q1 2020 | 12 | $1.3bn | n.a. | n.a. |
| Q2 2020 | 10 | $1.2bn | n.a. | n.a. |
| Q3 2020 | 8 | $1.2bn | n.a. | n.a. |
| Q4 2020 | 7 | $1.2bn | n.a. | n.a. |
| Q1 2021 | 12 | $1.8bn | n.a. | n.a. |
| Q2 2021 | 7 | $2.1bn | n.a. | n.a. |
| Q3 2021 | 8 | $2.1bn | n.a. | n.a. |
| Q4 2021 | 8 | $3.3bn | n.a. | n.a. |
| Q1 2022 | 10 | $2.8bn | n.a. | n.a. |
| Q2 2022 | 11 | $2.0bn | n.a. | n.a. |
| Q3 2022 | 11 | $1.5bn | n.a. | n.a. |
| Q4 2022 | 11 | $1.7bn | n.a. | n.a. |
| Q1 2023 | 14 | $1.6bn | n.a. | n.a. |
| Q2 2023 | 15 | $2.3bn | n.a. | n.a. |
| Q3 2023 | 17 | $2.9bn | n.a. | n.a. |
| Q4 2023 | 16 | $3.4bn | 7 | 9 |
| Q1 2024 | 15 | $4.3bn | 7 | 9 |
| Q2 2024 | 11 | $4.0bn | 7 | 5 |
| Q3 2024 | 10 | $3.8bn | 7 | 2 |
| Q4 2024 | 10 | $3.4bn | 6 | 4 |
| Q1 2025 | 11 | $2.7bn | 8 | 3 |
| Q2 2025 | 13 | $3.0bn | 7 | 7 |
| Q3 2025 | 8 | $3.2bn | 3 | 5 |
| Q4 2025 | 10 | $3.6bn | 16 | 11 |
| Q1 2026 | 9 | $3.8bn | 10 | 18 |
| Q2 2026 | 9 | $4.2bn | 18 | 13 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
MLM and LIN →MLM and GLW →MLM and HWM →Choose a stock to compare with MLM →
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 MLM, latest filings →Back to the 13F Explorer →