L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
17 Feb 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; 7 listed it in both
Shares listed
38,132,903
combined, among listed positions
Reported value
$543m
combined, at the quarter end

Among the 92 comparable managers: 15 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +4,847,187.

Managers listing SBSW 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
Arrowstreet Capital LP7,315,944$104m0.06%Added+3,280,97213 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC4,826,515$69m0.11%Added+3,230,99610 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc4,422,648$63munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.3,556,894$51munder 0.1%Trimmed-2,618,83417 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP2,481,695$35munder 0.1%Trimmed-37,18717 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP2,428,800$35m0.07%Trimmed-1,055,20017 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP2,156,966$31munder 0.1%Trimmed-1,381,16017 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,814,607$26munder 0.1%Added+1,607,70717 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,665,426$24munder 0.1%Added+199,61617 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC1,377,911$20m0.07%Trimmed-2,498,30617 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC1,340,516$19munder 0.1%Added+200,64812 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP1,265,129$18munder 0.1%Trimmed-250,22917 Feb 2026 (the filing on sec.gov)
Man Group PLC1,246,591$18munder 0.1%Added+1,136,19117 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC519,554$7.4munder 0.1%Trimmed-432,73517 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP319,165$4.5m0.07%Trimmed-284,75517 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC283,628$4.0munder 0.1%Added+256,06017 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP265,680$3.8munder 0.1%Trimmed-409,34813 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC191,084$2.7munder 0.1%Trimmed-156,47417 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP149,463$2.1m0.07%Added+8,65910 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC145,420$2.1munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC133,760$1.9munder 0.1%Added+4,33413 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP73,170$1.0munder 0.1%Trimmed-94,14313 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP54,489$776kunder 0.1%Trimmed-55,52517 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC37,099$529kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)36,048$514kunder 0.1%Trimmed-2,66417 Feb 2026 (the filing on sec.gov)
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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.
3 in Q3 2024 to 4 in Q2 2026

Tracked managers listing it, at least.

024682020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SBSW by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20204$21mn.a.n.a.
Q2 20202$49mn.a.n.a.
Q3 20207$180mn.a.n.a.
Q4 20205$154mn.a.n.a.
Q1 20212$105mn.a.n.a.
Q2 20212$119mn.a.n.a.
Q3 20212$110mn.a.n.a.
Q4 20212$48mn.a.n.a.
Q1 20222$100mn.a.n.a.
Q2 20221$47mn.a.n.a.
Q3 20221$21mn.a.n.a.
Q4 20222$74mn.a.n.a.
Q1 20234$57mn.a.n.a.
Q2 20233$44mn.a.n.a.
Q3 20233$48mn.a.n.a.
Q4 20233$68m30
Q1 20241$12m01
Q2 20244$75m40
Q3 20243$51m30
Q4 20243$38m12
Q1 20256$146m60
Q2 20257$255m34
Q3 20257$200m25
Q4 20256$234m1514
Q1 20265$368m1612
Q2 20264$160m813

Compare with…

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

SBSW and LIN →SBSW and GLW →SBSW and HWM →Choose a stock to compare with SBSW →

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