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
24
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
35,166,655
combined, among listed positions
Reported value
$848m
combined, at the quarter end

Among the 92 comparable managers: 11 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -7,523,623.

Managers listing OUT 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.

24 of 24 holders

ActionFiling
Fidelity (FMR LLC)14,711,282$355munder 0.1%Trimmed-8,218,81117 Feb 2026 (the filing on sec.gov)
Invesco Ltd5,218,751$126munder 0.1%Trimmed-697,52719 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP4,309,133$104munder 0.1%Added+335,26517 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC3,976,198$96munder 0.1%Added+573,61117 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC2,310,195$56m0.07%Added+1,603,31517 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC1,203,612$29m0.09%Added+244,20013 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC748,535$18munder 0.1%Trimmed-58,0004 Feb 2026 (the filing on sec.gov)
Woodline Partners LP694,810$17m0.06%Trimmed-53,27717 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP658,370$16munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC319,119$7.7munder 0.1%Added+304,37812 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC212,409$5.1munder 0.1%Trimmed-1,312,68117 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP160,232$3.9munder 0.1%Added+11,70817 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP145,931$3.5m0.12%Added+103,85410 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc129,008$3.1munder 0.1%Added+8,84117 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC91,395$2.2munder 0.1%Trimmed-11,00117 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd62,144$1.5munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc51,297$1.2munder 0.1%Trimmed-7855 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP40,850$984kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC39,946$963kunder 0.1%Trimmed-534,18612 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC24,761$597kunder 0.1%Trimmed-67927 Oct 2026 (the filing on sec.gov)
Verition Fund Management LLC21,399$516kunder 0.1%Trimmed-19,15313 Feb 2026 (the filing on sec.gov)
Millennium Management LLC16,634$401kunder 0.1%Trimmed-249,42217 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC13,178$318kunder 0.1%Trimmed-75,26313 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC7,466$179kunder 0.1%Newnew10 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 Q1 2025 to 6 in Q2 2026

Tracked managers listing it, at least.

0246Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
OUT by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20251$13m10
Q2 20252$28m11
Q3 20254$74m40
Q4 20255$123m1115
Q1 20265$242m229
Q2 20266$132m2113

Compare with…

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

OUT and WELL →OUT and EQIX →OUT and PLD →Choose a stock to compare with OUT →

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