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
30
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 10 listed it in both
Shares listed
90,666,573
combined, among listed positions
Reported value
$2.5bn
combined, at the quarter end

Among the 92 comparable managers: 13 buyers (opened or added shares) and 19 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -10,334,683.

Managers listing RF 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.

30 of 30 holders

ActionFiling
Wellington Management Group LLP35,321,759$957m0.17%Trimmed-6,545,64117 Feb 2026 (the filing on sec.gov)
Invesco Ltd19,348,237$524munder 0.1%Added+573,65919 Feb 2026 (the filing on sec.gov)
MFS Investment Management7,334,747$199m0.06%Trimmed-807,29922 Jan 2026 (the filing on sec.gov)
Squarepoint Ops LLC3,623,792$98m0.10%Trimmed-399,53313 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC3,452,445$94munder 0.1%Trimmed-487,09917 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)3,321,613$90munder 0.1%Trimmed-83,62517 Feb 2026 (the filing on sec.gov)
Millennium Management LLC2,826,359$77munder 0.1%Added+227,65517 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP2,532,508$69m0.10%Added+1,604,41117 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP2,530,356$69m0.06%Added+604,21213 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,932,818$52munder 0.1%Trimmed-345,08317 Feb 2026 (the filing on sec.gov)
Man Group PLC1,719,096$47m0.08%Trimmed-89,32617 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,546,421$42m0.07%Added+354,70012 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP916,046$25munder 0.1%Trimmed-31,06317 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP816,700$22m0.08%Trimmed-632,24413 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP776,000$21munder 0.1%Added+504,60017 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP453,963$12munder 0.1%Trimmed-1,620,92513 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP336,903$9.1munder 0.1%Trimmed-244,90617 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC294,105$8.0munder 0.1%Trimmed-1,876,53912 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.254,149$6.9munder 0.1%Added+117,75017 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC251,722$6.8munder 0.1%Trimmed-5,72317 Feb 2026 (the filing on sec.gov)
Winton Group Ltd207,978$5.6m0.19%Newnew11 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC188,234$5.1munder 0.1%Added+78,46627 Oct 2026 (the filing on sec.gov)
Tudor Investment Corp159,983$4.3munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Woodline Partners LP149,895$4.1munder 0.1%Added+31,96517 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP122,101$3.3munder 0.1%Trimmed-73,82917 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.
9 in Q3 2024 to 12 in Q2 2026

Tracked managers listing it, at least.

051015202014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
RF by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201311$623mn.a.n.a.
Q3 201314$623mn.a.n.a.
Q4 201313$747mn.a.n.a.
Q1 201414$661mn.a.n.a.
Q2 201416$624mn.a.n.a.
Q3 201415$540mn.a.n.a.
Q4 201412$719mn.a.n.a.
Q1 201513$1.0bnn.a.n.a.
Q2 201513$1.6bnn.a.n.a.
Q3 201511$1.3bnn.a.n.a.
Q4 201510$1.4bnn.a.n.a.
Q1 201615$1.1bnn.a.n.a.
Q2 201612$1.1bnn.a.n.a.
Q3 20169$995mn.a.n.a.
Q4 201618$1.9bnn.a.n.a.
Q1 201715$1.7bnn.a.n.a.
Q2 201713$1.6bnn.a.n.a.
Q3 201710$1.5bnn.a.n.a.
Q4 201710$1.3bnn.a.n.a.
Q1 201816$1.3bnn.a.n.a.
Q2 201818$1.5bnn.a.n.a.
Q3 201814$935mn.a.n.a.
Q4 201815$427mn.a.n.a.
Q1 201915$533mn.a.n.a.
Q2 201914$621mn.a.n.a.
Q3 201913$649mn.a.n.a.
Q4 201911$545mn.a.n.a.
Q1 202010$429mn.a.n.a.
Q2 20207$661mn.a.n.a.
Q3 20204$709mn.a.n.a.
Q4 20204$745mn.a.n.a.
Q1 202111$1.1bnn.a.n.a.
Q2 202113$1.0bnn.a.n.a.
Q3 202110$755mn.a.n.a.
Q4 20217$645mn.a.n.a.
Q1 20229$713mn.a.n.a.
Q2 20228$721mn.a.n.a.
Q3 20228$673mn.a.n.a.
Q4 202213$972mn.a.n.a.
Q1 20236$1.1bnn.a.n.a.
Q2 20236$1.3bnn.a.n.a.
Q3 20236$1.3bnn.a.n.a.
Q4 20238$1.7bn62
Q1 20246$1.8bn34
Q2 20249$1.8bn72
Q3 20249$1.8bn54
Q4 20249$1.8bn63
Q1 202513$1.9bn112
Q2 202511$2.1bn76
Q3 202512$2.3bn49
Q4 202514$2.2bn1319
Q1 202615$2.0bn1914
Q2 202612$1.8bn1320

Compare with…

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

RF and BAC →RF and JPM →RF and WFC →Choose a stock to compare with RF →

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