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; 7 listed it in both
Shares listed
115,001,557
combined, among listed positions
Reported value
$1.4bn
combined, at the quarter end

Among the 92 comparable managers: 16 buyers (opened or added shares) and 13 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -18,765,340.

Managers listing PBR 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
Baillie Gifford & Co29,523,522$350m0.29%Trimmed-2,564,17123 Jan 2026 (the filing on sec.gov)
Invesco Ltd27,974,691$332munder 0.1%Added+9,959,74219 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc10,389,475$123munder 0.1%Added+3,533,47917 Feb 2026 (the filing on sec.gov)
MFS Investment Management9,664,426$115munder 0.1%Trimmed-1,305,39622 Jan 2026 (the filing on sec.gov)
Renaissance Technologies LLC9,555,200$113m0.18%Trimmed-992,30012 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP9,412,581$112m0.10%Added+2,066,20113 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP4,895,056$58m0.06%Added+405,16917 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)4,173,476$49munder 0.1%Trimmed-26,269,47817 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP2,323,782$28munder 0.1%Added+1,082,02617 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC1,633,914$19m0.07%Trimmed-758,56217 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC1,455,710$17munder 0.1%Trimmed-578,39312 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP935,559$11munder 0.1%Added+267,85917 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC657,453$7.8munder 0.1%Added+317,75213 Feb 2026 (the filing on sec.gov)
Man Group PLC598,768$7.1munder 0.1%Added+463,96417 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.300,303$3.6munder 0.1%Trimmed-4,541,99717 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd282,958$3.4munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Millennium Management LLC204,714$2.4munder 0.1%Trimmed-174,61817 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC154,783$1.8munder 0.1%Added+25,55113 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP145,700$1.7munder 0.1%Added+104,10017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC132,396$1.6munder 0.1%Added+28,53217 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC122,559$1.5munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC116,030$1.4munder 0.1%Trimmed-119,78717 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC103,826$1.2munder 0.1%Trimmed-24,39927 Oct 2026 (the filing on sec.gov)
Winton Group Ltd86,000$1.0munder 0.1%Newnew11 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC70,241$832kunder 0.1%Added+31,25817 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.
9 in Q3 2024 to 14 in Q2 2026

Tracked managers listing it, at least.

051015202014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
PBR by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201313$1.3bnn.a.n.a.
Q3 201312$1.6bnn.a.n.a.
Q4 201314$1.3bnn.a.n.a.
Q1 201412$1.3bnn.a.n.a.
Q2 201411$1.2bnn.a.n.a.
Q3 201415$1.0bnn.a.n.a.
Q4 201410$439mn.a.n.a.
Q1 20159$304mn.a.n.a.
Q2 20159$1.7bnn.a.n.a.
Q3 20153$768mn.a.n.a.
Q4 20153$717mn.a.n.a.
Q1 20165$522mn.a.n.a.
Q2 20168$959mn.a.n.a.
Q3 201611$1.2bnn.a.n.a.
Q4 20169$1.4bnn.a.n.a.
Q1 201713$1.2bnn.a.n.a.
Q2 201714$937mn.a.n.a.
Q3 201714$1.3bnn.a.n.a.
Q4 201715$1.5bnn.a.n.a.
Q1 201816$3.1bnn.a.n.a.
Q2 201811$2.0bnn.a.n.a.
Q3 201815$2.3bnn.a.n.a.
Q4 201815$2.3bnn.a.n.a.
Q1 201916$3.2bnn.a.n.a.
Q2 201914$3.2bnn.a.n.a.
Q3 201913$2.9bnn.a.n.a.
Q4 201916$3.2bnn.a.n.a.
Q1 202015$1.2bnn.a.n.a.
Q2 202013$2.0bnn.a.n.a.
Q3 202011$1.7bnn.a.n.a.
Q4 202014$3.2bnn.a.n.a.
Q1 202115$1.5bnn.a.n.a.
Q2 202114$2.6bnn.a.n.a.
Q3 202111$1.9bnn.a.n.a.
Q4 202114$2.2bnn.a.n.a.
Q1 202211$3.3bnn.a.n.a.
Q2 202212$2.3bnn.a.n.a.
Q3 202216$3.0bnn.a.n.a.
Q4 202215$2.3bnn.a.n.a.
Q1 202317$2.0bnn.a.n.a.
Q2 202314$2.5bnn.a.n.a.
Q3 202316$2.5bnn.a.n.a.
Q4 202315$2.6bn87
Q1 202410$1.5bn45
Q2 202412$1.7bn65
Q3 20249$1.4bn44
Q4 20247$1.4bn43
Q1 202510$1.9bn73
Q2 20257$927m54
Q3 20257$859m52
Q4 20259$1.1bn1613
Q1 202614$3.4bn1815
Q2 202614$3.4bn2112

Compare with…

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

PBR and GEV →PBR and XOM →PBR and CVX →Choose a stock to compare with PBR →

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