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
28
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 8 listed it in both
Shares listed
13,131,241
combined, among listed positions
Reported value
$512m
combined, at the quarter end

Among the 92 comparable managers: 11 buyers (opened or added shares) and 21 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,892,173.

Managers listing PPC 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.

28 of 28 holders

ActionFiling
AQR Capital Management LLC3,419,968$133m0.07%Trimmed-1,062,15617 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.2,787,095$109m0.06%Added+903,46317 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,393,994$54munder 0.1%Trimmed-65,32019 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,370,724$53m0.08%Trimmed-54,98912 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC813,815$32munder 0.1%Added+751,04217 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC755,123$29m0.10%Added+104,30817 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC505,434$20munder 0.1%Added+122,00413 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP342,991$13munder 0.1%Trimmed-364,23913 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP318,600$12munder 0.1%Trimmed-198,50017 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP263,724$10munder 0.1%Trimmed-367,60117 Feb 2026 (the filing on sec.gov)
Man Group PLC152,469$5.9munder 0.1%Trimmed-173,47617 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)135,511$5.3munder 0.1%Added+19,10317 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP121,353$4.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP104,457$4.1munder 0.1%Added+5,18913 Feb 2026 (the filing on sec.gov)
PDT Partners LLC89,014$3.5m0.23%Added+65,23317 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP76,288$3.0munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Millennium Management LLC70,742$2.8munder 0.1%Trimmed-247,35617 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC67,411$2.6munder 0.1%Trimmed-145,94317 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC66,197$2.6munder 0.1%Trimmed-638,08512 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP62,157$2.4munder 0.1%Added+3,74017 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP61,383$2.4munder 0.1%Trimmed-38,74217 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC45,907$1.8munder 0.1%Trimmed-62,89113 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc40,404$1.6munder 0.1%Trimmed-2,08417 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd21,080$822kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC21,095$822kunder 0.1%Added+12,50527 Oct 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 4 in Q2 2026

Tracked managers listing it, at least.

0510152014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
PPC by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20131$611kn.a.n.a.
Q3 20132$453kn.a.n.a.
Q4 20131$496kn.a.n.a.
Q1 20145$26mn.a.n.a.
Q2 20144$165mn.a.n.a.
Q3 20144$281mn.a.n.a.
Q4 20149$509mn.a.n.a.
Q1 201510$356mn.a.n.a.
Q2 20157$346mn.a.n.a.
Q3 201510$297mn.a.n.a.
Q4 201511$404mn.a.n.a.
Q1 20167$335mn.a.n.a.
Q2 20169$292mn.a.n.a.
Q3 20165$178mn.a.n.a.
Q4 20167$135mn.a.n.a.
Q1 20175$148mn.a.n.a.
Q2 20178$171mn.a.n.a.
Q3 201711$201mn.a.n.a.
Q4 201711$192mn.a.n.a.
Q1 20189$167mn.a.n.a.
Q2 20186$127mn.a.n.a.
Q3 20185$53mn.a.n.a.
Q4 20185$46mn.a.n.a.
Q1 20194$86mn.a.n.a.
Q2 20195$157mn.a.n.a.
Q3 20197$162mn.a.n.a.
Q4 20198$218mn.a.n.a.
Q1 20204$73mn.a.n.a.
Q2 20202$52mn.a.n.a.
Q3 20205$34mn.a.n.a.
Q4 20203$16mn.a.n.a.
Q1 20213$47mn.a.n.a.
Q2 20213$12mn.a.n.a.
Q3 20211$12mn.a.n.a.
Q4 20213$6.6mn.a.n.a.
Q1 20223$39mn.a.n.a.
Q2 20224$74mn.a.n.a.
Q3 20225$67mn.a.n.a.
Q4 20221$49mn.a.n.a.
Q1 20232$43mn.a.n.a.
Q2 20233$32mn.a.n.a.
Q3 20232$3.1mn.a.n.a.
Q4 20234$44m41
Q1 20245$27m41
Q2 20246$67m42
Q3 20249$248m71
Q4 20247$246m35
Q1 20255$237m41
Q2 20255$228m23
Q3 202510$375m100
Q4 20257$343m1121
Q1 20266$198m1415
Q2 20264$153m1316

Compare with…

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

PPC and PM →PPC and KO →PPC and COST →Choose a stock to compare with PPC →

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