L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 5 Feb 2026
Managers listing it
32
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 14 listed it in both
Shares listed
18,186,406
combined, among listed positions
Reported value
$1.8bn
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 17 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,900,576.

Managers listing SJM 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.

32 of 32 holders

ActionFiling
Invesco Ltd2,783,272$272munder 0.1%Added+151,87219 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC2,634,634$258munder 0.1%Added+887,78017 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,843,866$180m0.20%Newnew17 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC1,583,041$155m0.20%Trimmed-346,18517 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,537,033$150munder 0.1%Trimmed-129,56017 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,367,299$134m0.06%Trimmed-206,90617 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,240,592$121m0.11%Added+364,85413 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,177,802$115m0.16%Trimmed-350,16017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP895,292$88m0.17%Trimmed-601,30017 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC625,205$61m0.07%Added+542,23413 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.433,322$42munder 0.1%Added+334,82817 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP329,731$32m0.25%Added+62,81917 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC269,498$26munder 0.1%Trimmed-759,72417 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP232,966$23m0.08%Added+226,21513 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP226,180$22m0.16%Trimmed-213,05917 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc157,689$15munder 0.1%Added+2,06717 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc146,188$14m0.14%Trimmed-4,6925 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC138,833$14m0.05%Added+32,86213 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP103,413$10munder 0.1%Added+32117 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP95,758$9.4munder 0.1%Added+26,15613 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP91,871$9.0munder 0.1%Added+57,66817 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC61,844$6.0munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp52,034$5.1munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Maverick Capital Ltd27,912$2.7munder 0.1%Trimmed-5,22613 Feb 2026 (the filing on sec.gov)
Man Group PLC27,436$2.7munder 0.1%Trimmed-56,70717 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 14 in Q2 2026

Tracked managers listing it, at least.

051015202014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SJM by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20138$670mn.a.n.a.
Q3 201312$645mn.a.n.a.
Q4 201311$434mn.a.n.a.
Q1 20149$353mn.a.n.a.
Q2 201410$367mn.a.n.a.
Q3 20149$283mn.a.n.a.
Q4 201410$294mn.a.n.a.
Q1 201510$416mn.a.n.a.
Q2 20157$286mn.a.n.a.
Q3 201519$628mn.a.n.a.
Q4 201518$829mn.a.n.a.
Q1 201616$898mn.a.n.a.
Q2 201615$1.3bnn.a.n.a.
Q3 201612$1.2bnn.a.n.a.
Q4 201613$1.0bnn.a.n.a.
Q1 201711$717mn.a.n.a.
Q2 20178$564mn.a.n.a.
Q3 20179$1.1bnn.a.n.a.
Q4 20176$1.5bnn.a.n.a.
Q1 20184$1.4bnn.a.n.a.
Q2 20189$1.3bnn.a.n.a.
Q3 20187$1.1bnn.a.n.a.
Q4 20189$845mn.a.n.a.
Q1 201912$1.2bnn.a.n.a.
Q2 201913$952mn.a.n.a.
Q3 201910$1.0bnn.a.n.a.
Q4 201911$935mn.a.n.a.
Q1 202013$1.1bnn.a.n.a.
Q2 202017$1.1bnn.a.n.a.
Q3 202010$1.1bnn.a.n.a.
Q4 202011$1.0bnn.a.n.a.
Q1 202115$1.2bnn.a.n.a.
Q2 202112$1.1bnn.a.n.a.
Q3 20219$917mn.a.n.a.
Q4 202111$863mn.a.n.a.
Q1 20229$846mn.a.n.a.
Q2 202216$953mn.a.n.a.
Q3 202218$1.0bnn.a.n.a.
Q4 202218$1.3bnn.a.n.a.
Q1 202317$1.1bnn.a.n.a.
Q2 202314$1.1bnn.a.n.a.
Q3 202315$954mn.a.n.a.
Q4 202320$1.1bn148
Q1 202415$791m710
Q2 202415$806m107
Q3 202413$437m77
Q4 202413$915m95
Q1 202512$1.6bn86
Q2 202514$1.2bn124
Q3 202514$1.3bn59
Q4 202516$1.2bn1917
Q1 202612$781m1917
Q2 202614$982m1817

Compare with…

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

SJM and PM →SJM and KO →SJM and COST →Choose a stock to compare with SJM →

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