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; 4 listed it in both
Shares listed
3,276,448
combined, among listed positions
Reported value
$548m
combined, at the quarter end

Among the 92 comparable managers: 14 buyers (opened or added shares) and 17 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +269,136.

Managers listing PJT 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
Fidelity (FMR LLC)579,921$97munder 0.1%Trimmed-8,99417 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP577,517$97munder 0.1%Added+71,75617 Feb 2026 (the filing on sec.gov)
Invesco Ltd535,857$90munder 0.1%Added+16,44519 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP225,301$38munder 0.1%Trimmed-90,09717 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors220,074$37munder 0.1%Held011 Feb 2026 (the filing on sec.gov)
MFS Investment Management195,596$33munder 0.1%Trimmed-12,66822 Jan 2026 (the filing on sec.gov)
Woodline Partners LP187,248$31m0.12%Newnew17 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp149,951$25munder 0.1%Added+57,22017 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.137,831$23munder 0.1%Added+89,70217 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd121,918$20munder 0.1%Added+63,50417 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC57,332$9.6munder 0.1%Trimmed-21,84617 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP53,188$8.9munder 0.1%Trimmed-31,74817 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC52,356$8.8munder 0.1%Added+6,82817 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC40,813$6.8munder 0.1%Trimmed-10,33712 Feb 2026 (the filing on sec.gov)
Man Group PLC26,470$4.4munder 0.1%Trimmed-3,67317 Feb 2026 (the filing on sec.gov)
Millennium Management LLC25,997$4.3munder 0.1%Trimmed-11,25017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP23,700$4.0munder 0.1%Trimmed-3,20017 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc22,056$3.7munder 0.1%Added+83117 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc13,870$2.3munder 0.1%Added+1005 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC10,743$1.8munder 0.1%Trimmed-48617 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC4,764$797kunder 0.1%Added+2,04513 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP4,465$747kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP3,011$503kunder 0.1%Added+1,16517 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP2,123$355kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,871$313kunder 0.1%Trimmed-1,82413 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.
3 in Q3 2024 to 4 in Q2 2026

Tracked managers listing it, at least.

024620162017201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
PJT by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20152$3.1mn.a.n.a.
Q1 20161$6.5mn.a.n.a.
Q2 20161$10mn.a.n.a.
Q3 20161$11mn.a.n.a.
Q4 20162$16mn.a.n.a.
Q1 20173$20mn.a.n.a.
Q2 20172$11mn.a.n.a.
Q3 20173$17mn.a.n.a.
Q4 20171$8.2mn.a.n.a.
Q1 20181$9.0mn.a.n.a.
Q2 20181$8.3mn.a.n.a.
Q3 20181$5.5mn.a.n.a.
Q4 20181$4.1mn.a.n.a.
Q1 20191$4.5mn.a.n.a.
Q2 20191$4.5mn.a.n.a.
Q3 20192$6.7mn.a.n.a.
Q4 20192$7.5mn.a.n.a.
Q1 20204$20mn.a.n.a.
Q2 20203$24mn.a.n.a.
Q3 20203$19mn.a.n.a.
Q4 20203$27mn.a.n.a.
Q1 20215$27mn.a.n.a.
Q2 20213$27mn.a.n.a.
Q3 20213$30mn.a.n.a.
Q4 20213$28mn.a.n.a.
Q1 20222$18mn.a.n.a.
Q2 20222$20mn.a.n.a.
Q3 20222$18mn.a.n.a.
Q4 20224$120mn.a.n.a.
Q1 20233$82mn.a.n.a.
Q2 20233$28mn.a.n.a.
Q3 20233$87mn.a.n.a.
Q4 20233$88m12
Q1 20242$10m11
Q2 20241$5.0m02
Q3 20243$22m12
Q4 20244$88m31
Q1 20254$33m31
Q2 20256$151m51
Q3 20255$137m13
Q4 20255$190m1417
Q1 20264$87m1813
Q2 20264$143m1617

Compare with…

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

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

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