L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 29 Oct 2025
Managers listing it
23
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 21 listed it in both
Shares listed
97,927,840
combined, among listed positions
Reported value
$8.7bn
combined, at the quarter end

Among the 95 comparable managers: 10 buyers (opened or added shares) and 13 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 Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

23 of 23 holders

ActionFiling
Wellington Management Group LLP39,802,892$3.5bn0.62%Trimmed-1,434,23314 Nov 2025 (the filing on sec.gov)
MFS Investment Management26,368,803$2.3bn0.72%Trimmed-905,81729 Oct 2025 (the filing on sec.gov)
Harris Associates LP5,905,409$522m0.84%Trimmed-1,866,32114 Nov 2025 (the filing on sec.gov)
Invesco Ltd5,044,521$446m0.07%Added+532,77513 Nov 2025 (the filing on sec.gov)
Farallon Capital Management LLC3,623,043$320m1.31%Trimmed-460,70017 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC2,734,130$242m0.18%Added+43,94427 Oct 2026 (the filing on sec.gov)
D. E. Shaw & Co.2,180,228$193m0.11%Added+1,176,55014 Nov 2025 (the filing on sec.gov)
AQR Capital Management LLC2,041,790$181m0.12%Added+1,021,02014 Nov 2025 (the filing on sec.gov)
Two Sigma Investments LP1,993,853$176m0.26%Added+209,24514 Nov 2025 (the filing on sec.gov)
Man Group PLC1,669,063$148m0.26%Added+791,76614 Nov 2025 (the filing on sec.gov)
Two Sigma Advisers LP1,630,100$144m0.29%Trimmed-182,40014 Nov 2025 (the filing on sec.gov)
Balyasny Asset Management LLC1,154,843$102m0.13%Trimmed-486,28014 Nov 2025 (the filing on sec.gov)
Voloridge Investment Management LLC1,066,238$94m0.32%Added+389,89714 Nov 2025 (the filing on sec.gov)
Renaissance Technologies LLC778,300$69m0.09%Trimmed-358,38013 Nov 2025 (the filing on sec.gov)
Walleye Capital LLC555,391$49m0.18%Trimmed-62,77214 Nov 2025 (the filing on sec.gov)
Artisan Partners LP546,057$48m0.07%Trimmed-57,32212 Nov 2025 (the filing on sec.gov)
Hudson Bay Capital Management LP275,664$24m0.08%Trimmed-361,45715 Dec 2025 (the filing on sec.gov)
Capital World Investors271,932$24munder 0.1%Added+124,09613 Nov 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC129,825$11m0.07%Trimmed-211,28014 Nov 2025 (the filing on sec.gov)
Bridgewater Associates LP67,601$6.0munder 0.1%Newnew13 Nov 2025 (the filing on sec.gov)
Quantbot Technologies LP52,273$4.6m0.13%Trimmed-31,18312 Nov 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP30,248$2.7munder 0.1%Trimmed-141,81014 Nov 2025 (the filing on sec.gov)
Element Capital Management LLC5,636$499k0.71%Newnew14 Nov 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q2 2025 to Q3 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.

Exited (0)

No exit shown by a manager’s own filing.

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 →