L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 5 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
192,063,069
combined, among listed positions
Reported value
$2.9bn
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 8 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +31,073,737.

Managers listing OWL 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
Capital World Investors90,245,690$1.3bn0.18%Added+5,029,13411 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)83,890,876$1.3bn0.06%Added+21,653,23617 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors4,299,836$64munder 0.1%Added+2,979,56711 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,965,728$29munder 0.1%Added+1,531,42117 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,714,440$26munder 0.1%Trimmed-1,345,47519 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,199,169$18munder 0.1%Added+958,97717 Feb 2026 (the filing on sec.gov)
Soros Fund Management LLC1,186,576$18m0.21%Newnew13 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,180,743$18munder 0.1%Added+1,101,16817 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,012,476$15munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC818,348$12munder 0.1%Trimmed-1,996,57813 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC650,278$9.7munder 0.1%Newnew12 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP595,390$8.9munder 0.1%Added+64,73717 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc546,160$8.2munder 0.1%Trimmed-1,337,99417 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd530,139$7.9munder 0.1%Added+69,87017 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP487,222$7.3m0.06%Newnew17 Feb 2026 (the filing on sec.gov)
Man Group PLC447,669$6.7munder 0.1%Added+321,64717 Feb 2026 (the filing on sec.gov)
Winton Group Ltd404,010$6.0m0.21%Added+370,91011 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp277,008$4.1munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC274,800$4.1munder 0.1%Trimmed-1,334,80012 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP202,778$3.0munder 0.1%Added+20,32917 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc55,000$822kunder 0.1%Held05 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP30,740$459kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP19,237$287kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC17,070$255kunder 0.1%Trimmed-59,20813 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP11,686$175kunder 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.
7 in Q3 2024 to 9 in Q2 2026

Tracked managers listing it, at least.

05101520222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
OWL by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20213$84mn.a.n.a.
Q3 20211$5.6mn.a.n.a.
Q4 20214$653mn.a.n.a.
Q1 20224$553mn.a.n.a.
Q2 20224$521mn.a.n.a.
Q3 20224$505mn.a.n.a.
Q4 20223$687mn.a.n.a.
Q1 20235$762mn.a.n.a.
Q2 20234$814mn.a.n.a.
Q3 20234$955mn.a.n.a.
Q4 20236$1.2bn61
Q1 202411$1.6bn101
Q2 202412$2.2bn84
Q3 20247$2.4bn53
Q4 202412$3.3bn83
Q1 20259$2.7bn45
Q2 202511$2.8bn93
Q3 20256$2.6bn51
Q4 20256$2.7bn198
Q1 20269$2.0bn246
Q2 20269$1.5bn1517

Compare with…

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

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

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