L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
5 Nov 2026
latest of these filings; the earliest 2 May 2025
Managers listing it
25
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 25 listed it in both
Shares listed
93,229,105
combined, among listed positions
Reported value
$22.7bn
combined, at the quarter end

Among the 95 comparable managers: 10 buyers (opened or added shares) and 16 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 MRSH in Q1 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2024, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

25 of 25 holders

ActionFiling
Fidelity (FMR LLC)22,151,590$5.4bn0.35%Added+917,1865 Nov 2026 (the filing on sec.gov)
Capital World Investors17,651,003$4.3bn0.70%Added+123,63812 May 2025 (the filing on sec.gov)
Wellington Management Group LLP12,814,788$3.1bn0.60%Added+4,505,54813 May 2025 (the filing on sec.gov)
MFS Investment Management10,097,141$2.5bn0.82%Trimmed-248,9722 May 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc8,527,241$2.1bn0.26%Trimmed-1,623,77914 May 2025 (the filing on sec.gov)
Capital Research Global Investors6,580,931$1.6bn0.35%Added+4,160,20812 May 2025 (the filing on sec.gov)
Artisan Partners LP3,411,336$832m1.34%Trimmed-73,86414 May 2025 (the filing on sec.gov)
Invesco Ltd2,595,714$633m0.12%Trimmed-231,89412 May 2025 (the filing on sec.gov)
Janus Henderson Group Ltd1,942,306$471m0.26%Trimmed-123,19015 May 2025 (the filing on sec.gov)
AllianceBernstein LP1,392,735$340m0.12%Added+54,32215 May 2025 (the filing on sec.gov)
Acadian Asset Management LLC1,205,122$294m0.83%Trimmed-363,51821 May 2025 (the filing on sec.gov)
Voloridge Investment Management LLC976,695$238m0.88%Trimmed-60,87115 May 2025 (the filing on sec.gov)
D. E. Shaw & Co.806,914$197m0.18%Added+461,84315 May 2025 (the filing on sec.gov)
Markel Group Inc743,500$181m1.61%Added+8,0002 May 2025 (the filing on sec.gov)
Renaissance Technologies LLC619,000$151m0.23%Added+115,90014 May 2025 (the filing on sec.gov)
AQR Capital Management LLC551,616$135m0.14%Added+136,95915 May 2025 (the filing on sec.gov)
Millennium Management LLC417,979$102m0.05%Trimmed-358,20915 May 2025 (the filing on sec.gov)
Two Sigma Investments LP214,871$52m0.11%Trimmed-318,11915 May 2025 (the filing on sec.gov)
Squarepoint Ops LLC206,552$50m0.06%Trimmed-255,88727 Aug 2025 (the filing on sec.gov)
Verition Fund Management LLC144,682$35m0.16%Trimmed-320,89415 May 2025 (the filing on sec.gov)
Baillie Gifford & Co97,682$24munder 0.1%Trimmed-11,2377 May 2025 (the filing on sec.gov)
Quantbot Technologies LP38,217$9.3m0.30%Trimmed-26,13913 May 2025 (the filing on sec.gov)
GAMCO Investors Inc18,842$4.6m0.05%Trimmed-46714 May 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP18,016$4.4munder 0.1%Trimmed-3,19415 May 2025 (the filing on sec.gov)
Winton Group Ltd4,632$1.1m0.07%Added+2,89315 May 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q4 2024 to Q1 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.

New (0)

No new position among listed positions.

Exited (1)

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.
28 in Q3 2024 to 24 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.
MRSH by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201315$6.2bnn.a.n.a.
Q3 201312$6.8bnn.a.n.a.
Q4 201313$7.3bnn.a.n.a.
Q1 201417$7.5bnn.a.n.a.
Q2 201411$7.7bnn.a.n.a.
Q3 201417$8.0bnn.a.n.a.
Q4 201419$8.6bnn.a.n.a.
Q1 201517$8.3bnn.a.n.a.
Q2 201520$8.6bnn.a.n.a.
Q3 201521$8.0bnn.a.n.a.
Q4 201519$8.8bnn.a.n.a.
Q1 201619$9.7bnn.a.n.a.
Q2 201616$10.8bnn.a.n.a.
Q3 201620$9.4bnn.a.n.a.
Q4 201627$8.7bnn.a.n.a.
Q1 201724$9.4bnn.a.n.a.
Q2 201723$9.7bnn.a.n.a.
Q3 201717$10.3bnn.a.n.a.
Q4 201721$9.8bnn.a.n.a.
Q1 201819$10.0bnn.a.n.a.
Q2 201816$9.9bnn.a.n.a.
Q3 201816$9.0bnn.a.n.a.
Q4 201821$8.9bnn.a.n.a.
Q1 201923$10.2bnn.a.n.a.
Q2 201923$11.0bnn.a.n.a.
Q3 201918$11.5bnn.a.n.a.
Q4 201920$13.1bnn.a.n.a.
Q1 202023$9.8bnn.a.n.a.
Q2 202020$11.8bnn.a.n.a.
Q3 202021$12.5bnn.a.n.a.
Q4 202025$13.5bnn.a.n.a.
Q1 202123$14.2bnn.a.n.a.
Q2 202125$16.2bnn.a.n.a.
Q3 202126$16.5bnn.a.n.a.
Q4 202127$17.9bnn.a.n.a.
Q1 202226$17.2bnn.a.n.a.
Q2 202225$15.2bnn.a.n.a.
Q3 202228$13.6bnn.a.n.a.
Q4 202227$14.6bnn.a.n.a.
Q1 202330$14.8bnn.a.n.a.
Q2 202327$16.4bnn.a.n.a.
Q3 202327$16.5bnn.a.n.a.
Q4 202321$16.5bn147
Q1 202425$17.8bn1511
Q2 202426$18.3bn179
Q3 202428$19.2bn1514
Q4 202430$18.5bn1712
Q1 202525$22.7bn1016
Q2 202531$21.5bn2110
Q3 202530$19.9bn1712
Q4 202530$18.2bn3014
Q1 202623$18.4bn1627
Q2 202624$17.9bn2318

Compare with…

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

MRSH and V →MRSH and AXP →MRSH and BAC →Choose a stock to compare with MRSH →

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