L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
26
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 3 listed it in both
Shares listed
25,929,419
combined, among listed positions
Reported value
$175m
combined, at the quarter end

Among the 92 comparable managers: 12 buyers (opened or added shares) and 22 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -7,034,048.

Managers listing SG 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.

26 of 26 holders

ActionFiling
Baillie Gifford & Co10,666,540$72m0.06%Trimmed-393,65423 Jan 2026 (the filing on sec.gov)
Millennium Management LLC4,459,299$30munder 0.1%Added+3,033,20017 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC4,457,334$30munder 0.1%Added+3,089,98327 Oct 2026 (the filing on sec.gov)
Two Sigma Investments LP1,717,701$12munder 0.1%Added+445,47117 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC928,249$6.3munder 0.1%Trimmed-1,463,98017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP668,800$4.5munder 0.1%Trimmed-234,30017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP538,145$3.6munder 0.1%Trimmed-3,385,82813 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC523,306$3.5munder 0.1%Trimmed-896,44712 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP500,000$3.4munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP479,275$3.2munder 0.1%Trimmed-76,40117 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP142,538$964kunder 0.1%Added+72,44317 Feb 2026 (the filing on sec.gov)
Invesco Ltd134,511$909kunder 0.1%Added+25,92119 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc114,524$775kunder 0.1%Trimmed-4,207,69517 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP102,015$690kunder 0.1%Trimmed-2,56517 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC80,459$544kunder 0.1%Added+20,44013 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC78,045$528kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.74,596$504kunder 0.1%Trimmed-247,67617 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC58,842$398kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd47,166$319kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC41,582$281kunder 0.1%Trimmed-39,12313 Feb 2026 (the filing on sec.gov)
PDT Partners LLC32,381$219kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)29,740$201kunder 0.1%Added+19,37317 Feb 2026 (the filing on sec.gov)
Winton Group Ltd18,823$127kunder 0.1%Newnew11 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC18,020$122kunder 0.1%Trimmed-45,51213 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP12,964$88kunder 0.1%Trimmed-385,16210 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.
13 in Q3 2024 to 1 in Q2 2026

Tracked managers listing it, at least.

05101520222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SG by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20217$816mn.a.n.a.
Q1 20227$1.3bnn.a.n.a.
Q2 20222$72mn.a.n.a.
Q3 20226$506mn.a.n.a.
Q4 20222$84mn.a.n.a.
Q1 20233$97mn.a.n.a.
Q2 20237$278mn.a.n.a.
Q3 20236$189mn.a.n.a.
Q4 20234$179m24
Q1 20249$447m63
Q2 202411$638m83
Q3 202413$989m78
Q4 20249$745m45
Q1 202513$792m121
Q2 20259$328m74
Q3 20255$128m34
Q4 20251$72m1222
Q1 20261$54m1412
Q2 20261$89m1410

Compare with…

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

SG and AMZN →SG and TSLA →SG and HD →Choose a stock to compare with SG →

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