L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
23
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 3 listed it in both
Shares listed
2,140,400
combined, among listed positions
Reported value
$727m
combined, at the quarter end

Among the 92 comparable managers: 15 buyers (opened or added shares) and 8 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -42,722.

Managers listing PIPR 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.

23 of 23 holders

ActionFiling
Invesco Ltd716,829$244munder 0.1%Added+2,28519 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)352,411$120munder 0.1%Trimmed-189,50117 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP319,241$108munder 0.1%Added+11,56217 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC296,770$101munder 0.1%Added+137,99617 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC82,052$28munder 0.1%Trimmed-28,37817 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP81,786$28munder 0.1%Trimmed-28,95217 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC76,111$26munder 0.1%Added+12,43427 Oct 2026 (the filing on sec.gov)
Millennium Management LLC56,052$19munder 0.1%Added+27,94217 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd51,697$18munder 0.1%Trimmed-17,08617 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC31,899$11munder 0.1%Added+23,46313 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc16,130$5.5munder 0.1%Added+61117 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP15,191$5.2munder 0.1%Trimmed-14,56117 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP12,063$4.1munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC8,388$2.8munder 0.1%Added+5,33417 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC7,027$2.4munder 0.1%Added+5317 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.6,917$2.4munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Man Group PLC3,711$1.3munder 0.1%Added+60217 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC1,688$573kunder 0.1%Added+1,49710 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC1,157$393kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC1,016$345kunder 0.1%Trimmed-1,25912 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP935$318kunder 0.1%Held013 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP720$245kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP609$207kunder 0.1%Trimmed-1,33017 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.
2 in Q3 2024 to 3 in Q2 2026

Tracked managers listing it, at least.

02468split20152016201720182023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
PIPR by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20141$4.3mn.a.n.a.
Q3 20141$34mn.a.n.a.
Q4 20142$39mn.a.n.a.
Q1 20151$26mn.a.n.a.
Q2 20151$2.4mn.a.n.a.
Q1 20161$6.2mn.a.n.a.
Q2 20161$5.5mn.a.n.a.
Q3 20161$6.2mn.a.n.a.
Q4 20161$21mn.a.n.a.
Q1 20171$18mn.a.n.a.
Q1 20182$23mn.a.n.a.
Q2 20191$594kn.a.n.a.
Q1 20233$65mn.a.n.a.
Q2 20232$52mn.a.n.a.
Q3 20232$59mn.a.n.a.
Q4 20231$55m02
Q1 20241$60m01
Q2 20241$63m01
Q3 20242$133m11
Q4 20242$109m20
Q1 20253$124m21
Q2 20252$101m11
Q3 20253$155m22
Q4 20253$124m158
Q1 2026 (split)8$186m96
Q2 20263$96m1514

Compare with…

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

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

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