- 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
- 26
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 8 listed it in both
- Shares listed
- 29,859,314
- combined, among listed positions
- Reported value
- $1.5bn
- combined, at the quarter end
Among the 92 comparable managers: 12 buyers (opened or added shares) and 17 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -6,554,653.
Managers listing PAAS in Q4 2025
26 of 26 holders
Largest increases and reductions, by shares
Increases
- Susquehanna International Group LLPexisting position · 1,079,519 shares now+904,924
- Citadel Advisors LLCexisting position · 1,185,712 shares now+631,442
- AQR Capital Management LLCexisting position · 649,129 shares now+603,407
- Rokos Capital Management LLPnew position · 574,217 shares now+574,217
- Two Sigma Investments LPexisting position · 988,715 shares now+332,526
Reductions
- Invesco Ltdexisting position · 5,989,873 shares now-3,908,524
- Millennium Management LLCexisting position · 1,199,441 shares now-1,862,273
- First Eagle Investment Management LLCexisting position · 3,488,959 shares now-1,105,575
- Jane Street Group LLCexisting position · 177,634 shares now-663,414
- Fidelity (FMR LLC)existing position · 6,858,204 shares now-395,671
New positions and exits
New (2)
Exited (3)
- Balyasny Asset Management LLCwas $45m
- Verition Fund Management LLCwas $3.1m
- Bridgewater Associates LPwas $242k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q3 2013 | 3 | $551k | n.a. | n.a. |
| Q4 2013 | 2 | $1.6m | n.a. | n.a. |
| Q1 2014 | 4 | $11m | n.a. | n.a. |
| Q2 2014 | 3 | $14m | n.a. | n.a. |
| Q3 2014 | 2 | $4.0m | n.a. | n.a. |
| Q4 2014 | 3 | $22m | n.a. | n.a. |
| Q1 2015 | 1 | $408k | n.a. | n.a. |
| Q2 2015 | 1 | $29m | n.a. | n.a. |
| Q3 2015 | 2 | $30m | n.a. | n.a. |
| Q4 2015 | 1 | $34m | n.a. | n.a. |
| Q1 2016 | 2 | $78m | n.a. | n.a. |
| Q2 2016 | 4 | $104m | n.a. | n.a. |
| Q3 2016 | 4 | $92m | n.a. | n.a. |
| Q4 2016 | 5 | $59m | n.a. | n.a. |
| Q1 2017 | 2 | $57m | n.a. | n.a. |
| Q2 2017 | 1 | $46m | n.a. | n.a. |
| Q3 2017 | 1 | $64m | n.a. | n.a. |
| Q4 2017 | 2 | $125m | n.a. | n.a. |
| Q1 2018 | 1 | $71m | n.a. | n.a. |
| Q2 2018 | 1 | $87m | n.a. | n.a. |
| Q3 2018 | 2 | $86m | n.a. | n.a. |
| Q4 2018 | 1 | $102m | n.a. | n.a. |
| Q1 2019 | 3 | $114m | n.a. | n.a. |
| Q2 2019 | 3 | $118m | n.a. | n.a. |
| Q3 2019 | 4 | $163m | n.a. | n.a. |
| Q4 2019 | 3 | $154m | n.a. | n.a. |
| Q1 2020 | 4 | $114m | n.a. | n.a. |
| Q2 2020 | 4 | $279m | n.a. | n.a. |
| Q3 2020 | 3 | $228m | n.a. | n.a. |
| Q4 2020 | 3 | $121m | n.a. | n.a. |
| Q1 2021 | 2 | $3.7m | n.a. | n.a. |
| Q2 2021 | 2 | $9.1m | n.a. | n.a. |
| Q3 2021 | 2 | $35m | n.a. | n.a. |
| Q4 2021 | 1 | $112k | n.a. | n.a. |
| Q1 2022 | 3 | $76m | n.a. | n.a. |
| Q2 2022 | 1 | $58m | n.a. | n.a. |
| Q3 2022 | 2 | $51m | n.a. | n.a. |
| Q4 2022 | 4 | $126m | n.a. | n.a. |
| Q1 2023 | 4 | $95m | n.a. | n.a. |
| Q2 2023 | 3 | $86m | n.a. | n.a. |
| Q3 2023 | 1 | $23m | n.a. | n.a. |
| Q1 2024 | 1 | $1.9m | 1 | 0 |
| Q2 2024 | 1 | $792k | 1 | 0 |
| Q4 2024 | 2 | $49m | 2 | 0 |
| Q1 2025 | 1 | $700k | 1 | 0 |
| Q2 2025 | 6 | $332m | 5 | 0 |
| Q3 2025 | 9 | $995m | 6 | 5 |
| Q4 2025 | 9 | $901m | 12 | 17 |
| Q1 2026 | 14 | $1.2bn | 22 | 11 |
| Q2 2026 | 11 | $751m | 15 | 16 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
PAAS and LIN →PAAS and GLW →PAAS and HWM →Choose a stock to compare with PAAS →
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 PAAS, latest filings →Back to the 13F Explorer →