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
37
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 24 listed it in both
Shares listed
93,246,899
combined, among listed positions
Reported value
$5.4bn
combined, at the quarter end

Among the 92 comparable managers: 13 buyers (opened or added shares) and 26 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -18,419,146.

Managers listing MO 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.

37 of 37 holders

ActionFiling
Capital World Investors18,435,287$1.1bn0.14%Trimmed-6,590,72311 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors12,148,068$700m0.13%Added+16,42411 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP11,965,179$690m0.40%Trimmed-1,832,49613 Feb 2026 (the filing on sec.gov)
Invesco Ltd11,916,401$687m0.06%Added+80,58519 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)5,872,235$339munder 0.1%Trimmed-676,89717 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC5,080,488$293m0.15%Trimmed-192,35717 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc4,705,567$271munder 0.1%Trimmed-465,35017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP4,283,130$247m0.22%Trimmed-196,56913 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP3,276,751$189m0.69%Trimmed-418,85513 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC2,120,000$122m0.19%Added+276,76612 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP1,904,413$110munder 0.1%Trimmed-167,45617 Feb 2026 (the filing on sec.gov)
MFS Investment Management1,667,619$96munder 0.1%Trimmed-40,09922 Jan 2026 (the filing on sec.gov)
Man Group PLC1,615,636$93m0.16%Added+1,002,28317 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC1,368,707$79m0.13%Trimmed-182,65810 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,345,429$78munder 0.1%Trimmed-1,584,35817 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,135,952$65munder 0.1%Trimmed-1,788,14917 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP747,731$43munder 0.1%Added+95,19017 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.669,245$39munder 0.1%Trimmed-311,78117 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP520,378$30munder 0.1%Added+61,06317 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC512,972$30munder 0.1%Trimmed-8,40427 Oct 2026 (the filing on sec.gov)
Tudor Investment Corp393,576$23munder 0.1%Trimmed-355,32517 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC321,840$19munder 0.1%Trimmed-970,27613 Feb 2026 (the filing on sec.gov)
Woodline Partners LP286,434$17m0.06%Added+64,41617 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP178,206$10m0.34%Newnew10 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC172,004$9.9munder 0.1%Trimmed-34,11513 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.
20 in Q3 2024 to 21 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
MO by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201321$9.0bnn.a.n.a.
Q3 201322$8.8bnn.a.n.a.
Q4 201319$9.0bnn.a.n.a.
Q1 201419$9.0bnn.a.n.a.
Q2 201421$10.5bnn.a.n.a.
Q3 201423$11.4bnn.a.n.a.
Q4 201417$11.3bnn.a.n.a.
Q1 201528$10.7bnn.a.n.a.
Q2 201524$10.1bnn.a.n.a.
Q3 201526$10.8bnn.a.n.a.
Q4 201523$11.1bnn.a.n.a.
Q1 201625$11.9bnn.a.n.a.
Q2 201628$13.4bnn.a.n.a.
Q3 201625$12.0bnn.a.n.a.
Q4 201625$12.7bnn.a.n.a.
Q1 201729$14.2bnn.a.n.a.
Q2 201724$15.7bnn.a.n.a.
Q3 201729$12.7bnn.a.n.a.
Q4 201724$14.2bnn.a.n.a.
Q1 201815$13.4bnn.a.n.a.
Q2 201822$12.1bnn.a.n.a.
Q3 201824$12.0bnn.a.n.a.
Q4 201822$10.1bnn.a.n.a.
Q1 201918$15.8bnn.a.n.a.
Q2 201919$12.5bnn.a.n.a.
Q3 201929$10.3bnn.a.n.a.
Q4 201926$13.1bnn.a.n.a.
Q1 202027$10.7bnn.a.n.a.
Q2 202021$10.0bnn.a.n.a.
Q3 202025$9.6bnn.a.n.a.
Q4 202017$9.9bnn.a.n.a.
Q1 202117$12.6bnn.a.n.a.
Q2 202120$11.9bnn.a.n.a.
Q3 202120$11.3bnn.a.n.a.
Q4 202118$10.5bnn.a.n.a.
Q1 202224$12.1bnn.a.n.a.
Q2 202229$8.5bnn.a.n.a.
Q3 202225$7.6bnn.a.n.a.
Q4 202222$8.4bnn.a.n.a.
Q1 202324$9.0bnn.a.n.a.
Q2 202319$9.0bnn.a.n.a.
Q3 202321$7.3bnn.a.n.a.
Q4 202319$6.5bn155
Q1 202420$7.3bn118
Q2 202420$7.3bn109
Q3 202420$7.3bn1010
Q4 202419$7.3bn135
Q1 202519$8.1bn1010
Q2 202520$6.1bn1011
Q3 202527$6.7bn207
Q4 202522$4.7bn1326
Q1 202622$6.2bn2020
Q2 202621$8.8bn2020

Compare with…

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

MO and PM →MO and KO →MO and COST →Choose a stock to compare with MO →

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