L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 2 May 2025
Managers listing it
22
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 19 listed it in both
Shares listed
87,417,871
combined, among listed positions
Reported value
$6.6bn
combined, at the quarter end

Among the 95 comparable managers: 14 buyers (opened or added shares) and 9 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 NDAQ 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.

22 of 22 holders

ActionFiling
Wellington Management Group LLP32,729,519$2.5bn0.48%Trimmed-2,227,05613 May 2025 (the filing on sec.gov)
MFS Investment Management20,433,885$1.6bn0.52%Added+993,5532 May 2025 (the filing on sec.gov)
Harris Associates LP8,693,469$659m1.11%Added+101,98315 May 2025 (the filing on sec.gov)
Capital World Investors6,776,094$514m0.08%Added+581,92912 May 2025 (the filing on sec.gov)
Invesco Ltd5,494,271$417m0.08%Added+1,592,05712 May 2025 (the filing on sec.gov)
Farallon Capital Management LLC4,460,288$338m1.62%Added+462,26915 May 2025 (the filing on sec.gov)
Two Sigma Advisers LP1,811,000$137m0.31%Trimmed-515,60015 May 2025 (the filing on sec.gov)
Renaissance Technologies LLC1,217,400$92m0.14%Added+537,40014 May 2025 (the filing on sec.gov)
Artisan Partners LP883,808$67m0.11%Trimmed-478,60614 May 2025 (the filing on sec.gov)
Man Group PLC809,453$61m0.16%Added+559,88215 May 2025 (the filing on sec.gov)
Neuberger Berman Group LLC743,707$56munder 0.1%Trimmed-41,68427 Oct 2026 (the filing on sec.gov)
Two Sigma Investments LP714,239$54m0.12%Trimmed-176,00815 May 2025 (the filing on sec.gov)
Walleye Capital LLC697,512$53m0.24%Added+528,53014 May 2025 (the filing on sec.gov)
Soros Fund Management LLC625,634$47m0.71%Added+125,63415 May 2025 (the filing on sec.gov)
Voloridge Investment Management LLC404,529$31m0.11%Added+165,40415 May 2025 (the filing on sec.gov)
Verition Fund Management LLC181,891$14m0.06%Addedn.a.15 May 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP144,182$11m0.11%Newnew14 May 2025 (the filing on sec.gov)
Hudson Bay Capital Management LP142,892$11munder 0.1%Newnew14 May 2025 (the filing on sec.gov)
Freestone Grove Partners LP136,416$10m0.11%Trimmed-36,45715 May 2025 (the filing on sec.gov)
Quantbot Technologies LP109,883$8.3m0.27%Trimmed-10,81113 May 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC109,132$8.3munder 0.1%Added+11,64515 May 2025 (the filing on sec.gov)
Moore Capital Management LP98,667$7.5m0.15%Trimmed-559,98312 Aug 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.

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.
21 in Q3 2024 to 15 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.
NDAQ by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20133$304mn.a.n.a.
Q3 20134$390mn.a.n.a.
Q4 20135$783mn.a.n.a.
Q1 20145$452mn.a.n.a.
Q2 20144$535mn.a.n.a.
Q3 20147$633mn.a.n.a.
Q4 20144$741mn.a.n.a.
Q1 20156$1.1bnn.a.n.a.
Q2 20157$817mn.a.n.a.
Q3 20155$1.0bnn.a.n.a.
Q4 20158$1.0bnn.a.n.a.
Q1 201612$1.2bnn.a.n.a.
Q2 201612$1.1bnn.a.n.a.
Q3 201612$1.3bnn.a.n.a.
Q4 201611$1.3bnn.a.n.a.
Q1 201711$1.6bnn.a.n.a.
Q2 201713$1.8bnn.a.n.a.
Q3 201715$1.9bnn.a.n.a.
Q4 201717$2.1bnn.a.n.a.
Q1 201815$2.2bnn.a.n.a.
Q2 20189$1.9bnn.a.n.a.
Q3 201811$2.1bnn.a.n.a.
Q4 201813$2.2bnn.a.n.a.
Q1 20199$2.5bnn.a.n.a.
Q2 201910$2.7bnn.a.n.a.
Q3 201915$2.8bnn.a.n.a.
Q4 201914$3.3bnn.a.n.a.
Q1 202014$2.8bnn.a.n.a.
Q2 20209$3.4bnn.a.n.a.
Q3 202011$3.4bnn.a.n.a.
Q4 202014$3.7bnn.a.n.a.
Q1 202110$4.0bnn.a.n.a.
Q2 202111$4.9bnn.a.n.a.
Q3 202110$5.0bnn.a.n.a.
Q4 202114$5.4bnn.a.n.a.
Q1 202215$4.6bnn.a.n.a.
Q2 202214$4.3bnn.a.n.a.
Q3 202214$4.7bnn.a.n.a.
Q4 202216$5.1bnn.a.n.a.
Q1 202319$4.1bnn.a.n.a.
Q2 202317$2.8bnn.a.n.a.
Q3 202320$2.8bnn.a.n.a.
Q4 202317$3.4bn612
Q1 202425$4.4bn179
Q2 202415$3.9bn116
Q3 202421$6.6bn1310
Q4 202424$6.8bn1111
Q1 202522$6.6bn149
Q2 202529$10.0bn219
Q3 202523$8.7bn1013
Q4 202522$9.2bn1527
Q1 202618$7.7bn2020
Q2 202615$5.8bn2018

Compare with…

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

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

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