L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 4 Feb 2026
Managers listing it
25
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 4 listed it in both
Shares listed
60,236,137
combined, among listed positions
Reported value
$562m
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 6 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -2,608,003.

Managers listing NG 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.

25 of 25 holders

ActionFiling
Fidelity (FMR LLC)23,912,548$223munder 0.1%Added+6,990,18917 Feb 2026 (the filing on sec.gov)
Capital World Investors12,333,000$115munder 0.1%Trimmed-5,333,00011 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC9,177,188$86m0.15%Trimmed-2,634,6534 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.8,803,209$82munder 0.1%Added+273,09917 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP1,273,964$12munder 0.1%Added+30,52817 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP797,287$7.4munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP719,271$6.7munder 0.1%Added+493,03317 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp575,155$5.4munder 0.1%Trimmed-505,04317 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC465,633$4.3munder 0.1%Added+107,69312 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP359,525$3.4munder 0.1%Added+33,50017 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP285,307$2.7munder 0.1%Added+113,26017 Feb 2026 (the filing on sec.gov)
PDT Partners LLC187,960$1.8m0.11%Held017 Feb 2026 (the filing on sec.gov)
Invesco Ltd186,983$1.7munder 0.1%Added+6,15419 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc176,025$1.6munder 0.1%Trimmed-3,442,84017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC156,185$1.5munder 0.1%Added+66,50417 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC155,976$1.5munder 0.1%Added+51,97610 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP155,565$1.4munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Millennium Management LLC139,544$1.3munder 0.1%Added+85,06117 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP130,372$1.2munder 0.1%Trimmed-31,18717 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP76,438$712kunder 0.1%Newnew10 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC75,634$705kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC38,641$360kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP25,205$235kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC17,015$159kunder 0.1%Added+2,91627 Oct 2026 (the filing on sec.gov)
Two Sigma Advisers LP12,507$117kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)

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.
1 in Q3 2024 to 2 in Q2 2026

Tracked managers listing it, at least.

024682014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
NG by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20132$46mn.a.n.a.
Q3 20131$50mn.a.n.a.
Q4 20131$55mn.a.n.a.
Q1 20142$87mn.a.n.a.
Q2 20142$103mn.a.n.a.
Q3 20143$80mn.a.n.a.
Q4 20142$85mn.a.n.a.
Q1 20152$85mn.a.n.a.
Q2 20152$100mn.a.n.a.
Q3 20152$105mn.a.n.a.
Q4 20152$112mn.a.n.a.
Q1 20163$114mn.a.n.a.
Q2 20163$117mn.a.n.a.
Q3 20164$110mn.a.n.a.
Q4 20165$93mn.a.n.a.
Q1 20174$88mn.a.n.a.
Q2 20174$83mn.a.n.a.
Q3 20173$72mn.a.n.a.
Q4 20173$77mn.a.n.a.
Q1 20183$96mn.a.n.a.
Q2 20182$84mn.a.n.a.
Q3 20182$75mn.a.n.a.
Q4 20182$39mn.a.n.a.
Q1 20192$55mn.a.n.a.
Q2 20191$48mn.a.n.a.
Q3 20192$50mn.a.n.a.
Q4 20191$72mn.a.n.a.
Q1 20202$50mn.a.n.a.
Q2 20203$84mn.a.n.a.
Q3 20202$399mn.a.n.a.
Q4 20201$96mn.a.n.a.
Q1 20212$101mn.a.n.a.
Q2 20211$92mn.a.n.a.
Q3 20211$79mn.a.n.a.
Q4 20211$80mn.a.n.a.
Q1 20222$110mn.a.n.a.
Q2 20222$75mn.a.n.a.
Q3 20222$92mn.a.n.a.
Q4 20222$113mn.a.n.a.
Q1 20232$117mn.a.n.a.
Q2 20232$75mn.a.n.a.
Q3 20232$73mn.a.n.a.
Q4 20232$71m02
Q1 20241$55m01
Q2 20241$74m10
Q3 20241$107m10
Q4 20241$87m01
Q1 20251$53m01
Q2 20254$115m31
Q3 20254$336m31
Q4 20254$284m196
Q1 20267$294m1710
Q2 20262$108m721

Compare with…

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

NG and LIN →NG and GLW →NG and HWM →Choose a stock to compare with NG →

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