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
28
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 7 listed it in both
Shares listed
101,238,763
combined, among listed positions
Reported value
$3.5bn
combined, at the quarter end

Among the 92 comparable managers: 15 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +4,563,035.

Managers listing PPL 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
Wellington Management Group LLP33,992,877$1.2bn0.21%Added+1,955,86717 Feb 2026 (the filing on sec.gov)
Invesco Ltd30,779,213$1.1bn0.10%Trimmed-417,20319 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)11,018,045$386munder 0.1%Trimmed-47,71617 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP7,918,194$277m0.09%Added+560,87917 Feb 2026 (the filing on sec.gov)
MFS Investment Management5,107,350$179m0.06%Trimmed-56,97522 Jan 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP1,884,973$66m0.52%Added+1,035,65717 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,823,101$64munder 0.1%Added+1,669,96917 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,258,514$44munder 0.1%Added+770,66217 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,204,900$42m0.07%Trimmed-249,30012 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,122,668$39munder 0.1%Added+1,107,16517 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,085,804$38munder 0.1%Trimmed-9,18217 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd1,028,626$36munder 0.1%Added+289,58117 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP848,797$30m0.10%Newnew13 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC779,554$27munder 0.1%Added+153,41213 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC432,205$15munder 0.1%Trimmed-226,28417 Feb 2026 (the filing on sec.gov)
Man Group PLC304,752$11munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP144,584$5.1munder 0.1%Trimmed-117,30417 Feb 2026 (the filing on sec.gov)
Woodline Partners LP126,208$4.4munder 0.1%Added+28,47217 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC61,346$2.1munder 0.1%Trimmed-49,37713 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP59,304$2.1munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP55,168$1.9munder 0.1%Added+44,73617 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP54,886$1.9munder 0.1%Trimmed-44,18413 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC48,879$1.7munder 0.1%Trimmed-418,83212 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC47,379$1.7munder 0.1%Added+3,44827 Oct 2026 (the filing on sec.gov)
Marshall Wace LLP28,840$1.0munder 0.1%Newnew13 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.
12 in Q3 2024 to 24 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
PPL by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20139$1.3bnn.a.n.a.
Q3 201312$1.7bnn.a.n.a.
Q4 20139$1.6bnn.a.n.a.
Q1 201410$2.0bnn.a.n.a.
Q2 201411$2.5bnn.a.n.a.
Q3 201411$2.1bnn.a.n.a.
Q4 201410$2.2bnn.a.n.a.
Q1 201511$1.6bnn.a.n.a.
Q2 20159$1.7bnn.a.n.a.
Q3 201512$2.1bnn.a.n.a.
Q4 201510$2.3bnn.a.n.a.
Q1 201612$2.5bnn.a.n.a.
Q2 201616$2.1bnn.a.n.a.
Q3 201613$2.1bnn.a.n.a.
Q4 201614$2.1bnn.a.n.a.
Q1 201711$2.4bnn.a.n.a.
Q2 201713$2.6bnn.a.n.a.
Q3 201711$2.5bnn.a.n.a.
Q4 201718$2.3bnn.a.n.a.
Q1 201817$2.2bnn.a.n.a.
Q2 201818$2.9bnn.a.n.a.
Q3 20189$2.7bnn.a.n.a.
Q4 201814$2.4bnn.a.n.a.
Q1 201912$2.5bnn.a.n.a.
Q2 201910$2.0bnn.a.n.a.
Q3 201913$2.2bnn.a.n.a.
Q4 201914$2.4bnn.a.n.a.
Q1 202013$1.4bnn.a.n.a.
Q2 20207$1.1bnn.a.n.a.
Q3 20206$1.2bnn.a.n.a.
Q4 202010$1.4bnn.a.n.a.
Q1 202112$1.4bnn.a.n.a.
Q2 202113$1.3bnn.a.n.a.
Q3 20219$1.2bnn.a.n.a.
Q4 20217$1.2bnn.a.n.a.
Q1 202214$1.1bnn.a.n.a.
Q2 202212$1.3bnn.a.n.a.
Q3 202214$1.5bnn.a.n.a.
Q4 202217$1.3bnn.a.n.a.
Q1 202314$1.4bnn.a.n.a.
Q2 202313$1.3bnn.a.n.a.
Q3 20238$864mn.a.n.a.
Q4 202312$2.1bn84
Q1 202412$2.4bn75
Q2 202412$2.5bn74
Q3 202412$3.1bn74
Q4 202412$2.8bn47
Q1 202512$3.0bn57
Q2 202510$2.8bn45
Q3 202510$3.0bn63
Q4 202510$2.9bn1516
Q1 202623$4.0bn2711
Q2 202624$5.1bn2514

Compare with…

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

PPL and SO →PPL and D →PPL and NEE →Choose a stock to compare with PPL →

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