- Quarter end
- 30 Sep 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 29 Oct 2025
- Managers listing it
- 36
- at least, of 95 tracked, among listed positions
- Comparable managers
- 95
- filed both Q2 2025 and Q3 2025; 33 listed it in both
- Shares listed
- 304,185,912
- combined, among listed positions
- Reported value
- $49.3bn
- combined, at the quarter end
Among the 95 comparable managers: 20 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.
Managers listing PM in Q3 2025
36 of 36 holders
Largest increases and reductions, by shares
Increases
- Fidelity (FMR LLC)existing position · 40,470,733 shares now+7,900,386
- Capital Research Global Investorsexisting position · 43,546,533 shares now+2,911,835
- Capital World Investorsexisting position · 128,776,327 shares now+2,714,674
- Lone Pine Capital LLCexisting position · 4,614,443 shares now+1,856,749
- Janus Henderson Group Ltdexisting position · 2,772,304 shares now+1,470,858
Reductions
- Wellington Management Group LLPexisting position · 17,992,693 shares now-2,848,023
- MFS Investment Managementexisting position · 6,825,908 shares now-2,071,691
- Millennium Management LLCexisting position · 619,995 shares now-1,072,197
- First Eagle Investment Management LLCexisting position · 6,121,345 shares now-1,010,774
- Invesco Ltdexisting position · 15,247,622 shares now-749,419
New positions and exits
New (1)
Exited (2)
- Coatue Management LLCwas $236m
- Holocene Advisors LPwas $208m
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 29 | $22.1bn | n.a. | n.a. |
| Q3 2013 | 28 | $22.5bn | n.a. | n.a. |
| Q4 2013 | 29 | $22.6bn | n.a. | n.a. |
| Q1 2014 | 30 | $21.4bn | n.a. | n.a. |
| Q2 2014 | 31 | $22.6bn | n.a. | n.a. |
| Q3 2014 | 26 | $22.2bn | n.a. | n.a. |
| Q4 2014 | 27 | $21.7bn | n.a. | n.a. |
| Q1 2015 | 30 | $20.6bn | n.a. | n.a. |
| Q2 2015 | 26 | $21.4bn | n.a. | n.a. |
| Q3 2015 | 25 | $21.6bn | n.a. | n.a. |
| Q4 2015 | 22 | $24.7bn | n.a. | n.a. |
| Q1 2016 | 28 | $29.2bn | n.a. | n.a. |
| Q2 2016 | 34 | $30.6bn | n.a. | n.a. |
| Q3 2016 | 33 | $28.9bn | n.a. | n.a. |
| Q4 2016 | 30 | $27.1bn | n.a. | n.a. |
| Q1 2017 | 26 | $34.1bn | n.a. | n.a. |
| Q2 2017 | 27 | $34.7bn | n.a. | n.a. |
| Q3 2017 | 30 | $32.0bn | n.a. | n.a. |
| Q4 2017 | 27 | $29.4bn | n.a. | n.a. |
| Q1 2018 | 34 | $27.4bn | n.a. | n.a. |
| Q2 2018 | 29 | $23.1bn | n.a. | n.a. |
| Q3 2018 | 21 | $22.5bn | n.a. | n.a. |
| Q4 2018 | 36 | $18.6bn | n.a. | n.a. |
| Q1 2019 | 27 | $23.5bn | n.a. | n.a. |
| Q2 2019 | 24 | $20.4bn | n.a. | n.a. |
| Q3 2019 | 28 | $18.8bn | n.a. | n.a. |
| Q4 2019 | 29 | $21.8bn | n.a. | n.a. |
| Q1 2020 | 25 | $19.1bn | n.a. | n.a. |
| Q2 2020 | 28 | $18.0bn | n.a. | n.a. |
| Q3 2020 | 25 | $19.7bn | n.a. | n.a. |
| Q4 2020 | 25 | $21.5bn | n.a. | n.a. |
| Q1 2021 | 27 | $22.1bn | n.a. | n.a. |
| Q2 2021 | 20 | $23.2bn | n.a. | n.a. |
| Q3 2021 | 25 | $22.8bn | n.a. | n.a. |
| Q4 2021 | 26 | $22.3bn | n.a. | n.a. |
| Q1 2022 | 29 | $23.2bn | n.a. | n.a. |
| Q2 2022 | 28 | $25.8bn | n.a. | n.a. |
| Q3 2022 | 33 | $22.2bn | n.a. | n.a. |
| Q4 2022 | 26 | $27.0bn | n.a. | n.a. |
| Q1 2023 | 36 | $27.6bn | n.a. | n.a. |
| Q2 2023 | 29 | $28.9bn | n.a. | n.a. |
| Q3 2023 | 32 | $28.5bn | n.a. | n.a. |
| Q4 2023 | 34 | $28.8bn | 16 | 17 |
| Q1 2024 | 36 | $28.4bn | 21 | 13 |
| Q2 2024 | 31 | $31.4bn | 16 | 14 |
| Q3 2024 | 39 | $38.2bn | 22 | 15 |
| Q4 2024 | 40 | $36.6bn | 22 | 17 |
| Q1 2025 | 44 | $49.1bn | 20 | 22 |
| Q2 2025 | 44 | $54.3bn | 19 | 23 |
| Q3 2025 | 36 | $49.3bn | 20 | 15 |
| Q4 2025 | 26 | $50.5bn | 20 | 24 |
| Q1 2026 | 25 | $57.3bn | 22 | 17 |
| Q2 2026 | 27 | $63.8bn | 20 | 19 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
PM and KO →PM and COST →PM and CVS →Choose a stock to compare with PM →
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 PM, latest filings →Back to the 13F Explorer →