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
34
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 16 listed it in both
Shares listed
22,632,201
combined, among listed positions
Reported value
$1.8bn
combined, at the quarter end

Among the 92 comparable managers: 12 buyers (opened or added shares) and 26 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -566,819.

Managers listing SFM 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.

34 of 34 holders

ActionFiling
Fidelity (FMR LLC)5,492,149$438munder 0.1%Added+4,634,82917 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC2,779,874$221m0.34%Trimmed-1,303,97012 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC2,243,155$179munder 0.1%Added+2,035,48617 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,729,336$138m0.15%Newnew17 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,593,372$127munder 0.1%Trimmed-62,52019 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC1,272,488$101m0.11%Trimmed-1,194,72513 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,038,611$83m0.08%Trimmed-651,93513 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,034,935$82munder 0.1%Added+689,96117 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC976,549$78m0.27%Trimmed-434,69717 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP608,560$48m0.07%Trimmed-692,22617 Feb 2026 (the filing on sec.gov)
Coatue Management LLC601,886$48m0.12%Newnew15 May 2026 (the filing on sec.gov)
Balyasny Asset Management LLC590,664$47m0.06%Added+418,14517 Feb 2026 (the filing on sec.gov)
Millennium Management LLC496,644$40munder 0.1%Trimmed-912,20817 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc445,301$35munder 0.1%Added+20,91417 Feb 2026 (the filing on sec.gov)
Man Group PLC358,219$29munder 0.1%Trimmed-1,036,50517 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.251,759$20munder 0.1%Trimmed-1,416,99717 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP171,603$14munder 0.1%Trimmed-232,09717 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP171,074$14munder 0.1%Added+36,11913 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC141,543$11munder 0.1%Added+110,08813 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP121,385$9.7munder 0.1%Trimmed-10,49617 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC118,542$9.4munder 0.1%Trimmed-7,03513 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP95,176$7.6munder 0.1%Added+34,61517 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP78,042$6.2munder 0.1%Trimmed-373,01517 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC60,633$4.8munder 0.1%Trimmed-542,61312 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd42,419$3.4munder 0.1%Trimmed-1,22517 Feb 2026 (the filing on sec.gov)
Page 1 of 2

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.
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 →