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
6,357,742
combined, among listed positions
Reported value
$152m
combined, at the quarter end

Among the 92 comparable managers: 9 buyers (opened or added shares) and 12 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +564,802.

Managers listing SBS 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
Renaissance Technologies LLC1,786,418$43m0.07%Trimmed-67,27712 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP1,785,307$43munder 0.1%Added+682,69917 Feb 2026 (the filing on sec.gov)
Invesco Ltd841,957$20munder 0.1%Trimmed-31,50019 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP767,019$18munder 0.1%Trimmed-82,00617 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP290,372$6.9munder 0.1%Added+226,31413 Feb 2026 (the filing on sec.gov)
Millennium Management LLC182,021$4.3munder 0.1%Trimmed-18,04417 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)176,423$4.2munder 0.1%Added+4,09217 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC111,470$2.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC103,262$2.5munder 0.1%Added+91,27212 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP76,927$1.8munder 0.1%Added+64,56017 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC68,197$1.6munder 0.1%Added+1,28527 Oct 2026 (the filing on sec.gov)
Verition Fund Management LLC49,490$1.2munder 0.1%Trimmed-29,04913 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC40,626$969kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC39,436$941kunder 0.1%Added+11,84917 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP38,585$920kunder 0.1%Trimmed-1,23017 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP232$6kunder 0.1%Trimmed-85,32910 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 2020 to 1 in Q2 2026

Tracked managers listing it, at least.

0246201420152016201720182019202020252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SBS by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20134$149mn.a.n.a.
Q3 20132$125mn.a.n.a.
Q4 20133$152mn.a.n.a.
Q1 20144$212mn.a.n.a.
Q2 20142$188mn.a.n.a.
Q3 20144$126mn.a.n.a.
Q4 20144$98mn.a.n.a.
Q1 20152$81mn.a.n.a.
Q2 20151$76mn.a.n.a.
Q3 20151$62mn.a.n.a.
Q4 20151$73mn.a.n.a.
Q1 20161$105mn.a.n.a.
Q2 20165$156mn.a.n.a.
Q3 20162$75mn.a.n.a.
Q4 20162$74mn.a.n.a.
Q1 20173$116mn.a.n.a.
Q2 20172$44mn.a.n.a.
Q3 20173$54mn.a.n.a.
Q4 20171$49mn.a.n.a.
Q1 20182$75mn.a.n.a.
Q4 20184$113mn.a.n.a.
Q1 20194$242mn.a.n.a.
Q2 20196$368mn.a.n.a.
Q3 20194$297mn.a.n.a.
Q4 20194$323mn.a.n.a.
Q1 20203$144mn.a.n.a.
Q2 20202$120mn.a.n.a.
Q3 20201$55mn.a.n.a.
Q4 20201$52mn.a.n.a.
Q1 20251$32m10
Q2 20251$42m10
Q3 20251$46m01
Q4 20251$43m912
Q1 20261$53m812
Q2 20261$44m135

Compare with…

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

SBS and GEV →SBS and XOM →SBS and CVX →Choose a stock to compare with SBS →

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