L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
27
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
13,068,843
combined, among listed positions
Reported value
$903m
combined, at the quarter end

Among the 92 comparable managers: 7 buyers (opened or added shares) and 23 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +198,249.

Managers listing PB 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.

27 of 27 holders

ActionFiling
AQR Capital Management LLC4,600,715$318m0.17%Added+1,179,30717 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC3,146,547$217m0.16%Trimmed-172,62827 Oct 2026 (the filing on sec.gov)
MFS Investment Management2,242,597$155munder 0.1%Trimmed-14,61222 Jan 2026 (the filing on sec.gov)
Artisan Partners LP648,554$45m0.07%Newnew17 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC406,426$28m0.10%Trimmed-66,97417 Feb 2026 (the filing on sec.gov)
Invesco Ltd333,466$23munder 0.1%Trimmed-46,06519 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC257,015$18munder 0.1%Added+97,26817 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP244,321$17munder 0.1%Trimmed-103,94313 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP225,819$16munder 0.1%Added+35,02017 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.183,523$13munder 0.1%Trimmed-179,07517 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP167,876$12munder 0.1%Trimmed-198,33313 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP132,303$9.1munder 0.1%Trimmed-84,51517 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP97,831$6.8munder 0.1%Trimmed-132,62917 Feb 2026 (the filing on sec.gov)
Man Group PLC93,404$6.5munder 0.1%Trimmed-13,66917 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc78,494$5.4munder 0.1%Added+3,61417 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP49,816$3.4munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd41,520$2.9munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP30,646$2.1munder 0.1%Trimmed-7,64817 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP19,043$1.3munder 0.1%Trimmed-37,90317 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC18,714$1.3munder 0.1%Added+4,75217 Feb 2026 (the filing on sec.gov)
Millennium Management LLC11,964$827kunder 0.1%Trimmed-71,74517 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)11,336$783kunder 0.1%Trimmed-30,19517 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP8,023$554kunder 0.1%Trimmed-57713 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc7,178$496kunder 0.1%Trimmed-125 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC4,840$334kunder 0.1%Trimmed-112,91317 Feb 2026 (the filing on sec.gov)
Page 1 of 2

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.
8 in Q3 2024 to 6 in Q2 2026

Tracked managers listing it, at least.

0358102014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
PB by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20132$2.4mn.a.n.a.
Q4 20132$879kn.a.n.a.
Q1 20142$8.0mn.a.n.a.
Q2 20143$27mn.a.n.a.
Q3 20142$2.9mn.a.n.a.
Q4 20146$90mn.a.n.a.
Q1 20151$17mn.a.n.a.
Q2 20151$22mn.a.n.a.
Q3 20152$34mn.a.n.a.
Q4 20152$44mn.a.n.a.
Q1 20163$158mn.a.n.a.
Q2 20161$168mn.a.n.a.
Q3 20161$204mn.a.n.a.
Q4 20162$325mn.a.n.a.
Q1 20172$256mn.a.n.a.
Q2 20178$329mn.a.n.a.
Q3 20177$773mn.a.n.a.
Q4 20177$751mn.a.n.a.
Q1 20184$757mn.a.n.a.
Q2 20183$306mn.a.n.a.
Q3 20184$355mn.a.n.a.
Q4 20186$453mn.a.n.a.
Q1 20194$342mn.a.n.a.
Q2 20197$328mn.a.n.a.
Q3 20197$617mn.a.n.a.
Q4 20199$814mn.a.n.a.
Q1 20207$378mn.a.n.a.
Q2 20207$520mn.a.n.a.
Q3 20208$448mn.a.n.a.
Q4 20205$648mn.a.n.a.
Q1 20216$638mn.a.n.a.
Q2 20217$656mn.a.n.a.
Q3 20216$658mn.a.n.a.
Q4 20216$666mn.a.n.a.
Q1 20226$626mn.a.n.a.
Q2 20225$499mn.a.n.a.
Q3 20226$480mn.a.n.a.
Q4 20228$572mn.a.n.a.
Q1 20234$297mn.a.n.a.
Q2 20237$300mn.a.n.a.
Q3 20237$478mn.a.n.a.
Q4 20238$595m17
Q1 20246$556m42
Q2 20247$517m43
Q3 20248$609m44
Q4 20246$632m42
Q1 20256$617m33
Q2 20257$726m52
Q3 20259$668m81
Q4 20259$781m723
Q1 20266$849m1316
Q2 20266$898m1114

Compare with…

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

PB and BAC →PB and JPM →PB and WFC →Choose a stock to compare with PB →

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