L3VLUP
Quarter end
30 Jun 2025
the date the book describes
Filed
27 Aug 2025
latest of these filings; the earliest 11 Aug 2025
Managers listing it
29
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q1 2025 and Q2 2025; 18 listed it in both
Shares listed
19,135,152
combined, among listed positions
Reported value
$3.2bn
combined, at the quarter end

Among the 95 comparable managers: 21 buyers (opened or added shares) and 9 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 Q2 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

29 of 29 holders

ActionFiling
Renaissance Technologies LLC4,031,844$664m0.88%Trimmed-231,90013 Aug 2025 (the filing on sec.gov)
Marshall Wace LLP2,314,665$381m0.43%Added+252,69913 Aug 2025 (the filing on sec.gov)
Invesco Ltd2,131,607$351m0.06%Addedn.a.13 Aug 2025 (the filing on sec.gov)
Squarepoint Ops LLC1,878,758$309m0.32%Added+846,74327 Aug 2025 (the filing on sec.gov)
D. E. Shaw & Co.1,572,059$259m0.18%Added+270,10914 Aug 2025 (the filing on sec.gov)
Man Group PLC1,222,468$201m0.38%Added+377,02814 Aug 2025 (the filing on sec.gov)
Balyasny Asset Management LLC937,015$154m0.23%Added+164,55214 Aug 2025 (the filing on sec.gov)
Millennium Management LLC898,195$148m0.07%Added+332,48214 Aug 2025 (the filing on sec.gov)
Jane Street Group LLC624,606$103munder 0.1%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Arrowstreet Capital LP560,857$92m0.07%Addedn.a.13 Aug 2025 (the filing on sec.gov)
Point72 Asset Management LP530,827$87m0.17%Addedn.a.14 Aug 2025 (the filing on sec.gov)
AQR Capital Management LLC510,607$84m0.07%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Two Sigma Investments LP456,069$75m0.13%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Two Sigma Advisers LP251,400$41m0.08%Added+161,10014 Aug 2025 (the filing on sec.gov)
Bridgewater Associates LP191,028$31m0.13%Added+130,05713 Aug 2025 (the filing on sec.gov)
Voloridge Investment Management LLC187,493$31m0.11%Newnew14 Aug 2025 (the filing on sec.gov)
Tudor Investment Corp145,921$24m0.05%Trimmed-20,94914 Aug 2025 (the filing on sec.gov)
Walleye Capital LLC122,496$20m0.08%Trimmed-123,28513 Aug 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP105,545$17m0.10%Added+93,65914 Aug 2025 (the filing on sec.gov)
Verition Fund Management LLC82,672$14m0.06%Trimmed-9,62414 Aug 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP72,413$12m0.10%Added+18,48313 Aug 2025 (the filing on sec.gov)
Hudson Bay Capital Management LP62,868$10munder 0.1%Trimmed-24,12218 Aug 2025 (the filing on sec.gov)
Quantbot Technologies LP59,370$9.8m0.25%Trimmed-13,37313 Aug 2025 (the filing on sec.gov)
Eisler Capital Management Ltd58,138$9.6m0.06%Addedn.a.12 Aug 2025 (the filing on sec.gov)
Freestone Grove Partners LP54,499$9.0m0.07%Newnew14 Aug 2025 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q1 2025 to Q2 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 →