- 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
- 35
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 7 listed it in both
- Shares listed
- 39,591,943
- combined, among listed positions
- Reported value
- $1.8bn
- combined, at the quarter end
Among the 92 comparable managers: 26 buyers (opened or added shares) and 8 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +5,977,313.
Managers listing TAP in Q4 2025
35 of 35 holders
Largest increases and reductions, by shares
Increases
- Arrowstreet Capital LPexisting position · 2,531,145 shares now+1,528,004
- Jane Street Group LLCexisting position · 1,339,329 shares now+1,310,427
- D. E. Shaw & Co.new position · 1,043,681 shares now+1,043,681
- Two Sigma Investments LPnew position · 1,019,675 shares now+1,019,675
- Two Sigma Advisers LPexisting position · 983,041 shares now+922,641
Reductions
- Citadel Advisors LLCexisting position · 1,283,469 shares now-2,032,948
- Millennium Management LLCexisting position · 357,514 shares now-729,737
- Susquehanna International Group LLPexisting position · 160,966 shares now-195,786
- T. Rowe Price Associates Incexisting position · 240,946 shares now-182,409
- Verition Fund Management LLCexisting position · 61,001 shares now-34,291
New positions and exits
New (8)
Exited (0)
No exit shown by a manager’s own filing.
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 14 | $609m | n.a. | n.a. |
| Q3 2013 | 5 | $599m | n.a. | n.a. |
| Q4 2013 | 3 | $620m | n.a. | n.a. |
| Q1 2014 | 6 | $629m | n.a. | n.a. |
| Q2 2014 | 10 | $1.1bn | n.a. | n.a. |
| Q3 2014 | 15 | $1.2bn | n.a. | n.a. |
| Q4 2014 | 12 | $1.0bn | n.a. | n.a. |
| Q1 2015 | 17 | $1.2bn | n.a. | n.a. |
| Q2 2015 | 21 | $1.4bn | n.a. | n.a. |
| Q3 2015 | 21 | $1.9bn | n.a. | n.a. |
| Q4 2015 | 23 | $2.3bn | n.a. | n.a. |
| Q1 2016 | 23 | $3.3bn | n.a. | n.a. |
| Q2 2016 | 23 | $3.3bn | n.a. | n.a. |
| Q3 2016 | 25 | $3.5bn | n.a. | n.a. |
| Q4 2016 | 19 | $3.0bn | n.a. | n.a. |
| Q1 2017 | 16 | $2.9bn | n.a. | n.a. |
| Q2 2017 | 15 | $2.5bn | n.a. | n.a. |
| Q3 2017 | 15 | $1.9bn | n.a. | n.a. |
| Q4 2017 | 17 | $1.7bn | n.a. | n.a. |
| Q1 2018 | 11 | $956m | n.a. | n.a. |
| Q2 2018 | 10 | $937m | n.a. | n.a. |
| Q3 2018 | 11 | $855m | n.a. | n.a. |
| Q4 2018 | 14 | $880m | n.a. | n.a. |
| Q1 2019 | 10 | $1.0bn | n.a. | n.a. |
| Q2 2019 | 10 | $1.1bn | n.a. | n.a. |
| Q3 2019 | 11 | $1.3bn | n.a. | n.a. |
| Q4 2019 | 8 | $1.3bn | n.a. | n.a. |
| Q1 2020 | 9 | $1.2bn | n.a. | n.a. |
| Q2 2020 | 11 | $1.1bn | n.a. | n.a. |
| Q3 2020 | 9 | $1.1bn | n.a. | n.a. |
| Q4 2020 | 10 | $1.6bn | n.a. | n.a. |
| Q1 2021 | 10 | $2.0bn | n.a. | n.a. |
| Q2 2021 | 11 | $2.0bn | n.a. | n.a. |
| Q3 2021 | 6 | $1.5bn | n.a. | n.a. |
| Q4 2021 | 7 | $1.5bn | n.a. | n.a. |
| Q1 2022 | 7 | $1.8bn | n.a. | n.a. |
| Q2 2022 | 10 | $2.1bn | n.a. | n.a. |
| Q3 2022 | 8 | $1.6bn | n.a. | n.a. |
| Q4 2022 | 8 | $1.8bn | n.a. | n.a. |
| Q1 2023 | 9 | $1.7bn | n.a. | n.a. |
| Q2 2023 | 19 | $2.3bn | n.a. | n.a. |
| Q3 2023 | 17 | $2.2bn | n.a. | n.a. |
| Q4 2023 | 14 | $1.7bn | 8 | 7 |
| Q1 2024 | 10 | $1.6bn | 5 | 8 |
| Q2 2024 | 10 | $1.2bn | 8 | 3 |
| Q3 2024 | 6 | $1.3bn | 2 | 4 |
| Q4 2024 | 7 | $1.2bn | 3 | 4 |
| Q1 2025 | 6 | $1.1bn | 4 | 2 |
| Q2 2025 | 6 | $851m | 4 | 2 |
| Q3 2025 | 7 | $1.0bn | 5 | 2 |
| Q4 2025 | 13 | $1.4bn | 26 | 8 |
| Q1 2026 | 12 | $1.3bn | 20 | 17 |
| Q2 2026 | 12 | $1.5bn | 18 | 13 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
TAP and PM →TAP and KO →TAP and COST →Choose a stock to compare with TAP →
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 TAP, latest filings →Back to the 13F Explorer →