L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
27 Aug 2025
latest of these filings; the earliest 13 May 2025
Managers listing it
23
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 14 listed it in both
Shares listed
14,197,858
combined, among listed positions
Reported value
$2.2bn
combined, at the quarter end

Among the 95 comparable managers: 18 buyers (opened or added shares) and 5 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing SFM in Q1 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2024, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

23 of 23 holders

ActionFiling
Renaissance Technologies LLC4,263,744$651m0.99%Trimmed-200,90014 May 2025 (the filing on sec.gov)
Marshall Wace LLP2,061,966$315m0.40%Added+218,64615 May 2025 (the filing on sec.gov)
D. E. Shaw & Co.1,301,950$199m0.18%Added+24,19715 May 2025 (the filing on sec.gov)
Citadel Advisors LLC1,279,424$195munder 0.1%Addedn.a.15 May 2025 (the filing on sec.gov)
Wellington Management Group LLP1,037,187$158munder 0.1%Addedn.a.13 May 2025 (the filing on sec.gov)
Squarepoint Ops LLC1,032,015$158m0.19%Trimmed-95,51327 Aug 2025 (the filing on sec.gov)
Man Group PLC845,440$129m0.33%Added+555,51115 May 2025 (the filing on sec.gov)
Balyasny Asset Management LLC772,463$118m0.19%Addedn.a.15 May 2025 (the filing on sec.gov)
Millennium Management LLC565,713$86munder 0.1%Trimmedn.a.15 May 2025 (the filing on sec.gov)
Walleye Capital LLC245,781$38m0.17%Addedn.a.14 May 2025 (the filing on sec.gov)
Tudor Investment Corp166,870$25m0.08%Added+15,63215 May 2025 (the filing on sec.gov)
Verition Fund Management LLC92,296$14m0.07%Trimmed-21,66515 May 2025 (the filing on sec.gov)
Two Sigma Advisers LP90,300$14munder 0.1%Added+1,00015 May 2025 (the filing on sec.gov)
Hudson Bay Capital Management LP86,990$13munder 0.1%Addedn.a.14 May 2025 (the filing on sec.gov)
Quantbot Technologies LP72,743$11m0.35%Added+42,00313 May 2025 (the filing on sec.gov)
Acadian Asset Management LLC65,743$10munder 0.1%Added+16,64321 May 2025 (the filing on sec.gov)
Bridgewater Associates LP60,971$9.3munder 0.1%Added+27,36014 May 2025 (the filing on sec.gov)
Maverick Capital Ltd54,647$8.3m0.15%Newnew15 May 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP53,930$8.2m0.08%Newnew14 May 2025 (the filing on sec.gov)
Element Capital Management LLC18,216$2.8m0.69%Newnew13 May 2025 (the filing on sec.gov)
Winton Group Ltd13,433$2.0m0.12%Added+6,82115 May 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP11,886$1.8munder 0.1%Added+3,25815 May 2025 (the filing on sec.gov)
Caxton Associates LLP4,150$633kunder 0.1%Trimmed-3,77416 May 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q4 2024 to Q1 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.

Exited (0)

No exit shown by a manager’s own filing.

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.
16 in Q3 2024 to 9 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.
SFM by quarter
QuarterHoldersReported valueBuyersSellers
Q3 20133$171mn.a.n.a.
Q4 20135$316mn.a.n.a.
Q1 201412$906mn.a.n.a.
Q2 20146$1.0bnn.a.n.a.
Q3 20144$865mn.a.n.a.
Q4 20148$1.4bnn.a.n.a.
Q1 201515$2.3bnn.a.n.a.
Q2 201511$1.7bnn.a.n.a.
Q3 201513$1.2bnn.a.n.a.
Q4 201513$1.4bnn.a.n.a.
Q1 20168$1.0bnn.a.n.a.
Q2 20166$770mn.a.n.a.
Q3 20168$702mn.a.n.a.
Q4 20167$523mn.a.n.a.
Q1 20174$420mn.a.n.a.
Q2 201710$564mn.a.n.a.
Q3 20178$402mn.a.n.a.
Q4 201710$498mn.a.n.a.
Q1 201812$486mn.a.n.a.
Q2 20186$373mn.a.n.a.
Q3 201812$568mn.a.n.a.
Q4 201810$571mn.a.n.a.
Q1 20199$508mn.a.n.a.
Q2 20199$411mn.a.n.a.
Q3 201912$500mn.a.n.a.
Q4 201911$539mn.a.n.a.
Q1 202013$500mn.a.n.a.
Q2 20209$649mn.a.n.a.
Q3 20208$591mn.a.n.a.
Q4 20208$263mn.a.n.a.
Q1 20218$295mn.a.n.a.
Q2 20216$189mn.a.n.a.
Q3 20217$158mn.a.n.a.
Q4 20215$192mn.a.n.a.
Q1 20227$219mn.a.n.a.
Q2 20225$169mn.a.n.a.
Q3 20225$520mn.a.n.a.
Q4 20226$691mn.a.n.a.
Q1 20236$750mn.a.n.a.
Q2 20235$744mn.a.n.a.
Q3 20239$1.0bnn.a.n.a.
Q4 20238$1.0bn46
Q1 202410$1.3bn46
Q2 202413$1.4bn85
Q3 202416$1.8bn97
Q4 202417$1.2bn116
Q1 202523$2.2bn185
Q2 202529$3.2bn219
Q3 202519$1.9bn165
Q4 202516$844m1226
Q1 202612$1.6bn1521
Q2 20269$1.7bn1520

Compare with…

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

SFM and PM →SFM and KO →SFM and COST →Choose a stock to compare with SFM →

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