L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 11 Feb 2026
Managers listing it
19
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
10,617,040
combined, among listed positions
Reported value
$191m
combined, at the quarter end

Among the 92 comparable managers: 9 buyers (opened or added shares) and 13 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,137,655.

Managers listing STWD 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.

19 of 19 holders

ActionFiling
Two Sigma Investments LP3,238,318$58m0.08%Added+478,64017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP1,746,800$31m0.06%Added+559,60017 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,611,677$29munder 0.1%Added+203,48019 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC997,907$18munder 0.1%Trimmed-145,08327 Oct 2026 (the filing on sec.gov)
Tudor Investment Corp837,812$15munder 0.1%Trimmed-529,40317 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP494,052$8.9munder 0.1%Added+18,05117 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC333,759$6.0munder 0.1%Trimmed-269,73517 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc260,666$4.7munder 0.1%Added+13,70617 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC228,784$4.1munder 0.1%Trimmed-197,70012 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd157,748$2.8munder 0.1%Added+18,00017 Feb 2026 (the filing on sec.gov)
Millennium Management LLC114,603$2.1munder 0.1%Trimmed-229,50217 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC108,443$2.0munder 0.1%Trimmed-49,89813 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC100,924$1.8munder 0.1%Trimmed-28,34917 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)87,216$1.6munder 0.1%Trimmed-2,30717 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC86,725$1.6munder 0.1%Newnew12 Feb 2026 (the filing on sec.gov)
Winton Group Ltd84,581$1.5m0.05%Newnew11 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP78,654$1.4munder 0.1%Trimmed-977,48613 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP36,704$661kunder 0.1%Trimmed-37617 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC11,667$210kunder 0.1%Added+1,64713 Feb 2026 (the filing on sec.gov)

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.
2 in Q2 2024 to 1 in Q2 2026

Tracked managers listing it, at least.

0510152014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
STWD by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201311$804mn.a.n.a.
Q3 20137$740mn.a.n.a.
Q4 20134$777mn.a.n.a.
Q1 20146$707mn.a.n.a.
Q2 20148$750mn.a.n.a.
Q3 20145$662mn.a.n.a.
Q4 20144$699mn.a.n.a.
Q1 20154$682mn.a.n.a.
Q2 20158$462mn.a.n.a.
Q3 20159$308mn.a.n.a.
Q4 201510$325mn.a.n.a.
Q1 20165$230mn.a.n.a.
Q2 20164$220mn.a.n.a.
Q3 20164$248mn.a.n.a.
Q4 20169$386mn.a.n.a.
Q1 20178$362mn.a.n.a.
Q2 20176$368mn.a.n.a.
Q3 20178$324mn.a.n.a.
Q4 20178$379mn.a.n.a.
Q1 20186$215mn.a.n.a.
Q2 20189$338mn.a.n.a.
Q3 20188$344mn.a.n.a.
Q4 20188$301mn.a.n.a.
Q1 20196$299mn.a.n.a.
Q2 20196$322mn.a.n.a.
Q3 20197$344mn.a.n.a.
Q4 20197$348mn.a.n.a.
Q1 20205$114mn.a.n.a.
Q2 20202$90mn.a.n.a.
Q3 20202$63mn.a.n.a.
Q4 20202$66mn.a.n.a.
Q1 20211$59mn.a.n.a.
Q2 20211$60mn.a.n.a.
Q3 20211$55mn.a.n.a.
Q4 20216$138mn.a.n.a.
Q1 20223$86mn.a.n.a.
Q2 20222$74mn.a.n.a.
Q3 20222$36mn.a.n.a.
Q4 20223$24mn.a.n.a.
Q1 20231$3.2mn.a.n.a.
Q2 20233$30mn.a.n.a.
Q4 20232$13m20
Q1 20241$16m10
Q2 20242$6.5m20
Q3 20241$13m10
Q1 20251$691k10
Q2 20252$42m20
Q3 20253$103m30
Q4 20253$91m913
Q1 20262$69m1110
Q2 20261$5.4m156

Compare with…

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

STWD and WELL →STWD and EQIX →STWD and PLD →Choose a stock to compare with STWD →

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