- 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
- 25
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 8 listed it in both
- Shares listed
- 6,207,965
- combined, among listed positions
- Reported value
- $3.9bn
- combined, at the quarter end
Among the 92 comparable managers: 16 buyers (opened or added shares) and 11 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +548,434.
Managers listing MLM in Q4 2025
25 of 25 holders
Largest increases and reductions, by shares
Increases
- T. Rowe Price Associates Incexisting position · 303,031 shares now+214,270
- Balyasny Asset Management LLCexisting position · 175,911 shares now+127,492
- Arrowstreet Capital LPexisting position · 138,034 shares now+109,285
- Citadel Advisors LLCexisting position · 88,934 shares now+76,206
- Invesco Ltdexisting position · 769,904 shares now+65,623
Reductions
- Two Sigma Investments LPexisting position · 13,963 shares now-84,193
- Man Group PLCexisting position · 11,424 shares now-56,711
- Baillie Gifford & Coexisting position · 1,159,375 shares now-36,419
- Millennium Management LLCexisting position · 89,693 shares now-18,474
- AllianceBernstein LPexisting position · 71,434 shares now-3,281
New positions and exits
New (1)
- Woodline Partners LP$687k
Exited (2)
- Two Sigma Advisers LPwas $9.3m
- Bridgewater Associates LPwas $1.2m
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 →