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
16
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 1 listed it in both
Shares listed
46,397,643
combined, among listed positions
Reported value
$544m
combined, at the quarter end

Among the 92 comparable managers: 12 buyers (opened or added shares) and 5 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,258,294.

Managers listing SAN 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.

16 of 16 holders

ActionFiling
Fidelity (FMR LLC)36,862,371$432munder 0.1%Added+2,743,00217 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP5,456,598$64munder 0.1%Trimmed-5,276,44213 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,289,067$15munder 0.1%Added+250,31717 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC791,045$9.3munder 0.1%Newnew12 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC464,292$5.4munder 0.1%Added+156,51117 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp309,533$3.6munder 0.1%Trimmed-184,79117 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP245,882$2.9munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC244,867$2.9munder 0.1%Added+43,30927 Oct 2026 (the filing on sec.gov)
Capital Research Global Investors196,637$2.3munder 0.1%Newnew11 Feb 2026 (the filing on sec.gov)
Invesco Ltd136,037$1.6munder 0.1%Added+24,91319 Feb 2026 (the filing on sec.gov)
Capital World Investors111,312$1.3munder 0.1%Newnew11 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC108,399$1.3munder 0.1%Added+51,19213 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC90,470$1.1munder 0.1%Added+75410 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP51,871$608kunder 0.1%Trimmed-59,36617 Feb 2026 (the filing on sec.gov)
Millennium Management LLC24,263$285kunder 0.1%Trimmed-18,12317 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP14,999$176kunder 0.1%Added+37417 Feb 2026 (the filing on sec.gov)

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.
1 in Q3 2024 to 1 in Q2 2026

Tracked managers listing it, at least.

012342014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SAN by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20133$28mn.a.n.a.
Q4 20132$23mn.a.n.a.
Q1 20142$20mn.a.n.a.
Q2 20141$6.3mn.a.n.a.
Q3 20141$4.3mn.a.n.a.
Q1 20153$30mn.a.n.a.
Q2 20152$29mn.a.n.a.
Q3 20154$30mn.a.n.a.
Q4 20152$20mn.a.n.a.
Q1 20161$8.7mn.a.n.a.
Q2 20161$7.8mn.a.n.a.
Q3 20161$8.8mn.a.n.a.
Q4 20162$27mn.a.n.a.
Q1 20172$17mn.a.n.a.
Q2 20172$44mn.a.n.a.
Q3 20173$38mn.a.n.a.
Q4 20171$1kn.a.n.a.
Q1 20181$25mn.a.n.a.
Q2 20181$21mn.a.n.a.
Q3 20181$19mn.a.n.a.
Q4 20182$31mn.a.n.a.
Q1 20191$0n.a.n.a.
Q2 20192$22mn.a.n.a.
Q3 20194$132mn.a.n.a.
Q4 20192$30mn.a.n.a.
Q1 20202$7.3mn.a.n.a.
Q4 20211$19mn.a.n.a.
Q1 20221$36mn.a.n.a.
Q2 20221$21mn.a.n.a.
Q3 20221$32mn.a.n.a.
Q4 20221$43mn.a.n.a.
Q1 20232$53mn.a.n.a.
Q2 20232$53mn.a.n.a.
Q3 20232$54mn.a.n.a.
Q4 20231$59m01
Q1 20241$69m00
Q2 20241$66m00
Q3 20241$80m01
Q4 20241$62m01
Q1 20251$100m10
Q2 20251$119m01
Q3 20251$112m01
Q4 20252$66m125
Q1 20261$2.1m99
Q2 20261$2.6m125

Compare with…

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

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

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