L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
26
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 4 listed it in both
Shares listed
31,128,316
combined, among listed positions
Reported value
$549m
combined, at the quarter end

Among the 92 comparable managers: 23 buyers (opened or added shares) and 8 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +11,183,942.

Managers listing SHC 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
Sachem Head Capital Management LP11,645,000$205m4.82%Added+3,735,00013 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd6,772,059$119m0.05%Added+312,19117 Feb 2026 (the filing on sec.gov)
Woodline Partners LP2,883,807$51m0.20%Added+2,353,08317 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC2,864,106$51munder 0.1%Added+2,644,83117 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,033,860$18munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp770,128$14munder 0.1%Trimmed-42,56817 Feb 2026 (the filing on sec.gov)
Millennium Management LLC671,314$12munder 0.1%Added+627,30917 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC604,844$11munder 0.1%Added+49,73317 Feb 2026 (the filing on sec.gov)
Invesco Ltd519,695$9.2munder 0.1%Added+182,06919 Feb 2026 (the filing on sec.gov)
Greenlight Capital461,270$8.1m0.29%Added+280,69017 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC426,778$7.5munder 0.1%Newnew12 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP391,100$6.9munder 0.1%Added+152,58617 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP322,300$5.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP321,905$5.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.287,209$5.1munder 0.1%Trimmed-1,693,60317 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP240,170$4.2munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP222,793$3.9m0.06%Newnew17 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC161,784$2.9munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc159,438$2.8munder 0.1%Added+42,17617 Feb 2026 (the filing on sec.gov)
Man Group PLC95,272$1.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP95,301$1.7m0.06%Added+68,08110 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP53,711$947kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC37,665$664kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC33,858$595kunder 0.1%Added+8,38510 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)29,907$528kunder 0.1%Added+3,14317 Feb 2026 (the filing on sec.gov)
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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.
6 in Q3 2024 to 6 in Q2 2026

Tracked managers listing it, at least.

02468202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SHC by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20208$254mn.a.n.a.
Q1 20217$177mn.a.n.a.
Q2 20214$124mn.a.n.a.
Q3 20211$53mn.a.n.a.
Q4 20212$48mn.a.n.a.
Q1 20222$80mn.a.n.a.
Q2 20222$30mn.a.n.a.
Q3 20222$1.2mn.a.n.a.
Q4 20221$28mn.a.n.a.
Q1 20232$65mn.a.n.a.
Q2 20232$119mn.a.n.a.
Q3 20233$137mn.a.n.a.
Q4 20233$198m31
Q1 20246$332m50
Q2 20246$348m13
Q3 20246$493m24
Q4 20245$245m23
Q1 20253$182m11
Q2 20254$162m21
Q3 20254$237m21
Q4 20256$389m238
Q1 20266$366m2110
Q2 20266$720m1314

Compare with…

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

SHC and UNH →SHC and ELV →SHC and CI →Choose a stock to compare with SHC →

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