L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
9 Dec 2025
latest of these filings; the earliest 12 Nov 2025
Managers listing it
19
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 18 listed it in both
Shares listed
17,883,103
combined, among listed positions
Reported value
$1.9bn
combined, at the quarter end

Among the 95 comparable managers: 16 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 Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

19 of 19 holders

ActionFiling
Renaissance Technologies LLC4,083,844$444m0.59%Added+52,00013 Nov 2025 (the filing on sec.gov)
Squarepoint Ops LLC2,467,213$268m0.27%Added+588,45514 Nov 2025 (the filing on sec.gov)
Marshall Wace LLP1,690,546$184m0.19%Trimmed-624,11913 Nov 2025 (the filing on sec.gov)
D. E. Shaw & Co.1,668,756$182m0.10%Added+96,69714 Nov 2025 (the filing on sec.gov)
Voloridge Investment Management LLC1,411,246$154m0.52%Added+1,223,75314 Nov 2025 (the filing on sec.gov)
Millennium Management LLC1,408,852$153m0.07%Added+510,65714 Nov 2025 (the filing on sec.gov)
Man Group PLC1,394,724$152m0.26%Added+172,25614 Nov 2025 (the filing on sec.gov)
Two Sigma Investments LP1,300,786$142m0.21%Added+844,71714 Nov 2025 (the filing on sec.gov)
Arrowstreet Capital LP644,433$70munder 0.1%Added+83,57613 Nov 2025 (the filing on sec.gov)
Freestone Grove Partners LP451,057$49m0.37%Added+396,55814 Nov 2025 (the filing on sec.gov)
Tudor Investment Corp410,029$45m0.08%Added+264,1089 Dec 2025 (the filing on sec.gov)
Two Sigma Advisers LP403,700$44m0.09%Added+152,30014 Nov 2025 (the filing on sec.gov)
Bridgewater Associates LP134,955$15m0.06%Trimmed-56,07313 Nov 2025 (the filing on sec.gov)
Walleye Capital LLC125,577$14m0.05%Added+3,08114 Nov 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC114,074$12m0.07%Added+65,28414 Nov 2025 (the filing on sec.gov)
Quantbot Technologies LP61,053$6.6m0.18%Added+1,68312 Nov 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP52,238$5.7m0.06%Trimmed-20,17514 Nov 2025 (the filing on sec.gov)
Winton Group Ltd50,336$5.5m0.21%Added+43,88113 Nov 2025 (the filing on sec.gov)
Caxton Associates LLP9,684$1.1munder 0.1%Newnew17 Nov 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q2 2025 to Q3 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.
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 →