L3VLUP
Quarter end
30 Jun 2025
the date the book describes
Filed
14 Aug 2025
latest of these filings; the earliest 30 Jul 2025
Managers listing it
21
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q1 2025 and Q2 2025; 12 listed it in both
Shares listed
16,374,913
combined, among listed positions
Reported value
$1.5bn
combined, at the quarter end

Among the 95 comparable managers: 13 buyers (opened or added shares) and 7 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 Q2 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 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
Fidelity (FMR LLC)6,530,493$587munder 0.1%Trimmed-1,380,28314 Aug 2025 (the filing on sec.gov)
ARK Investment Management LLC2,174,187$196m1.43%Trimmed-69,40330 Jul 2025 (the filing on sec.gov)
Woodline Partners LP1,689,677$152m0.80%Added+1,079,78114 Aug 2025 (the filing on sec.gov)
AQR Capital Management LLC907,024$82m0.07%Trimmed-497,72814 Aug 2025 (the filing on sec.gov)
Renaissance Technologies LLC891,100$80m0.11%Added+425,43913 Aug 2025 (the filing on sec.gov)
D. E. Shaw & Co.875,360$79m0.06%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Two Sigma Investments LP644,359$58m0.10%Added+106,74314 Aug 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC443,740$40m0.27%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Two Sigma Advisers LP344,269$31m0.06%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Janus Henderson Group Ltd331,135$30munder 0.1%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Point72 Asset Management LP277,780$25munder 0.1%Trimmed-211,20014 Aug 2025 (the filing on sec.gov)
Acadian Asset Management LLC272,381$24m0.05%Addedn.a.7 Aug 2025 (the filing on sec.gov)
Man Group PLC271,091$24munder 0.1%Trimmed-17,27214 Aug 2025 (the filing on sec.gov)
Rokos Capital Management LLP232,156$21m0.09%Held014 Aug 2025 (the filing on sec.gov)
Voloridge Investment Management LLC170,200$15m0.06%Newnew14 Aug 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP140,793$13m0.11%Added+41,22613 Aug 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP50,282$4.5munder 0.1%Newnew14 Aug 2025 (the filing on sec.gov)
Moore Capital Management LP50,000$4.5m0.06%Newnew14 Aug 2025 (the filing on sec.gov)
Quantbot Technologies LP43,064$3.9m0.10%Trimmed-85,75813 Aug 2025 (the filing on sec.gov)
PDT Partners LLC35,510$3.2m0.18%Newnew14 Aug 2025 (the filing on sec.gov)
Baillie Gifford & Co312$28kunder 0.1%Held06 Aug 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q1 2025 to Q2 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 →