L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 29 Oct 2025
Managers listing it
21
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 11 listed it in both
Shares listed
22,203,743
combined, among listed positions
Reported value
$3.1bn
combined, at the quarter end

Among the 95 comparable managers: 13 buyers (opened or added shares) and 8 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing TER in Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

21 of 21 holders

ActionFiling
Point72 Asset Management LP4,085,633$562m0.94%Added+3,807,85314 Nov 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc3,544,273$488m0.05%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Invesco Ltd2,959,330$407m0.06%Addedn.a.13 Nov 2025 (the filing on sec.gov)
ARK Investment Management LLC2,722,327$375m2.23%Added+548,14012 Nov 2025 (the filing on sec.gov)
Wellington Management Group LLP2,036,887$280munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Citadel Advisors LLC1,480,215$204munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Neuberger Berman Group LLC1,065,873$146m0.11%Addedn.a.27 Oct 2026 (the filing on sec.gov)
AllianceBernstein LP875,867$121munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Janus Henderson Group Ltd735,250$101munder 0.1%Added+404,11514 Nov 2025 (the filing on sec.gov)
AQR Capital Management LLC626,960$85m0.05%Trimmed-280,06414 Nov 2025 (the filing on sec.gov)
Balyasny Asset Management LLC566,355$78m0.10%Newnew14 Nov 2025 (the filing on sec.gov)
Woodline Partners LP435,738$60m0.28%Trimmed-1,253,93914 Nov 2025 (the filing on sec.gov)
MFS Investment Management315,828$43munder 0.1%Addedn.a.29 Oct 2025 (the filing on sec.gov)
Bridgewater Associates LP207,426$29m0.11%Newnew13 Nov 2025 (the filing on sec.gov)
Man Group PLC190,732$26munder 0.1%Trimmed-80,35914 Nov 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP114,031$16m0.16%Trimmed-26,76214 Nov 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC110,159$15m0.09%Trimmed-333,58114 Nov 2025 (the filing on sec.gov)
Hudson Bay Capital Management LP69,182$9.5munder 0.1%Addedn.a.15 Dec 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP32,892$4.5munder 0.1%Trimmed-17,39014 Nov 2025 (the filing on sec.gov)
Rokos Capital Management LLP28,473$3.9munder 0.1%Trimmed-203,68314 Nov 2025 (the filing on sec.gov)
Baillie Gifford & Co312$43kunder 0.1%Held031 Oct 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q2 2025 to Q3 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 29 in Q2 2026

Tracked managers listing it, at least.

0102030402014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TER by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201310$643mn.a.n.a.
Q3 20138$391mn.a.n.a.
Q4 20137$319mn.a.n.a.
Q1 20146$646mn.a.n.a.
Q2 20145$522mn.a.n.a.
Q3 20148$642mn.a.n.a.
Q4 20147$719mn.a.n.a.
Q1 20156$695mn.a.n.a.
Q2 20156$604mn.a.n.a.
Q3 20156$609mn.a.n.a.
Q4 20158$500mn.a.n.a.
Q1 20166$475mn.a.n.a.
Q2 20165$427mn.a.n.a.
Q3 20165$470mn.a.n.a.
Q4 20168$553mn.a.n.a.
Q1 201710$809mn.a.n.a.
Q2 201715$634mn.a.n.a.
Q3 201716$1.2bnn.a.n.a.
Q4 201717$1.7bnn.a.n.a.
Q1 201818$1.9bnn.a.n.a.
Q2 201811$1.4bnn.a.n.a.
Q3 201811$1.2bnn.a.n.a.
Q4 201815$918mn.a.n.a.
Q1 201916$1.0bnn.a.n.a.
Q2 201910$1.2bnn.a.n.a.
Q3 201919$1.8bnn.a.n.a.
Q4 201914$2.0bnn.a.n.a.
Q1 202013$1.6bnn.a.n.a.
Q2 202016$2.4bnn.a.n.a.
Q3 202027$2.4bnn.a.n.a.
Q4 202019$2.8bnn.a.n.a.
Q1 202120$2.5bnn.a.n.a.
Q2 202119$3.2bnn.a.n.a.
Q3 202126$2.8bnn.a.n.a.
Q4 202118$4.5bnn.a.n.a.
Q1 202218$3.0bnn.a.n.a.
Q2 202214$2.4bnn.a.n.a.
Q3 202222$2.1bnn.a.n.a.
Q4 202217$2.2bnn.a.n.a.
Q1 202318$2.7bnn.a.n.a.
Q2 202321$2.8bnn.a.n.a.
Q3 202320$2.5bnn.a.n.a.
Q4 202315$2.4bn97
Q1 202414$2.8bn106
Q2 202414$3.6bn711
Q3 202413$2.9bn76
Q4 202412$2.4bn92
Q1 202514$1.2bn113
Q2 202521$1.5bn137
Q3 202521$3.1bn138
Q4 202527$3.9bn2118
Q1 202635$7.0bn2220
Q2 202629$10.4bn1130

Compare with…

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

TER and NVDA →TER and AVGO →TER and MU →Choose a stock to compare with TER →

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