- 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
- 38
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 27 listed it in both
- Shares listed
- 316,114,789
- combined, among listed positions
- Reported value
- $50.7bn
- combined, at the quarter end
Among the 92 comparable managers: 20 buyers (opened or added shares) and 24 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +9,825,153.
Managers listing PM in Q4 2025
38 of 38 holders
Largest increases and reductions, by shares
Increases
- Capital Research Global Investorsexisting position · 54,559,706 shares now+11,013,173
- Capital World Investorsexisting position · 132,355,726 shares now+3,579,399
- MFS Investment Managementexisting position · 9,301,112 shares now+2,475,204
- Janus Henderson Group Ltdexisting position · 4,460,062 shares now+1,687,758
- Arrowstreet Capital LPexisting position · 4,975,855 shares now+1,684,872
Reductions
- Wellington Management Group LLPexisting position · 14,256,744 shares now-3,735,949
- Lone Pine Capital LLCexisting position · 2,643,579 shares now-1,970,864
- D. E. Shaw & Co.existing position · 608,572 shares now-822,756
- Citadel Advisors LLCexisting position · 356,324 shares now-637,738
- Jane Street Group LLCexisting position · 69,120 shares now-565,288
New positions and exits
New (2)
Exited (9)
- Viking Global Investors LPwas $718m
- D1 Capital Partners LPwas $120m
- Voloridge Investment Management LLCwas $36m
- Tudor Investment Corpwas $34m
- Two Sigma Advisers LPwas $21m
- Quantbot Technologies LPwas $13m
- Brevan Howard Capital Management LPwas $7.8m
- Winton Group Ltdwas $3.8m
- Hudson Bay Capital Management LPwas $617k
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 →