L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
9 Dec 2025
latest of these filings; the earliest 12 Nov 2025
Managers listing it
22
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 16 listed it in both
Shares listed
60,375,157
combined, among listed positions
Reported value
$2.8bn
combined, at the quarter end

Among the 95 comparable managers: 14 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 TFC 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.

22 of 22 holders

ActionFiling
Invesco Ltd13,819,823$632m0.10%Trimmed-175,28513 Nov 2025 (the filing on sec.gov)
Fidelity (FMR LLC)11,683,178$534munder 0.1%Trimmed-5,180,32513 Nov 2025 (the filing on sec.gov)
Wellington Management Group LLP10,386,831$475m0.08%Addedn.a.14 Nov 2025 (the filing on sec.gov)
AQR Capital Management LLC4,120,930$188m0.12%Added+955,89714 Nov 2025 (the filing on sec.gov)
Arrowstreet Capital LP3,310,824$151m0.10%Added+1,292,36713 Nov 2025 (the filing on sec.gov)
Balyasny Asset Management LLC2,883,032$132m0.17%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Millennium Management LLC2,682,094$123m0.05%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Two Sigma Investments LP2,330,419$107m0.16%Added+1,128,31914 Nov 2025 (the filing on sec.gov)
Two Sigma Advisers LP2,252,260$103m0.21%Added+473,77914 Nov 2025 (the filing on sec.gov)
Point72 Asset Management LP1,928,664$88m0.15%Added+481,46114 Nov 2025 (the filing on sec.gov)
Appaloosa LP1,387,500$63m0.86%Newnew13 Nov 2025 (the filing on sec.gov)
Verition Fund Management LLC893,525$41m0.17%Trimmed-87,01814 Nov 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP789,536$36m0.37%Added+282,54814 Nov 2025 (the filing on sec.gov)
Bridgewater Associates LP732,520$33m0.13%Added+515,93613 Nov 2025 (the filing on sec.gov)
Tudor Investment Corp525,903$24munder 0.1%Addedn.a.9 Dec 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC272,644$12m0.07%Trimmed-169,67014 Nov 2025 (the filing on sec.gov)
Woodline Partners LP170,416$7.8munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP97,010$4.4munder 0.1%Added+7,55814 Nov 2025 (the filing on sec.gov)
Quantbot Technologies LP53,262$2.4m0.07%Trimmed-31,81712 Nov 2025 (the filing on sec.gov)
Harris Associates LP23,000$1.1munder 0.1%Trimmed-4,93014 Nov 2025 (the filing on sec.gov)
Dodge & Cox20,911$956kunder 0.1%Held013 Nov 2025 (the filing on sec.gov)
Caxton Associates LLP10,875$497kunder 0.1%Trimmed-2,97317 Nov 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.

New (1)

Exited (0)

No exit shown by a manager’s own filing.

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.
21 in Q3 2024 to 16 in Q2 2026

Tracked managers listing it, at least.

01020302020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TFC by quarter
QuarterHoldersReported valueBuyersSellers
Q4 201919$8.8bnn.a.n.a.
Q1 202019$5.1bnn.a.n.a.
Q2 202016$5.3bnn.a.n.a.
Q3 202012$5.2bnn.a.n.a.
Q4 202018$5.4bnn.a.n.a.
Q1 202117$6.3bnn.a.n.a.
Q2 202121$5.6bnn.a.n.a.
Q3 202114$5.6bnn.a.n.a.
Q4 202113$5.7bnn.a.n.a.
Q1 202214$5.5bnn.a.n.a.
Q2 202221$5.0bnn.a.n.a.
Q3 202217$4.5bnn.a.n.a.
Q4 202223$4.6bnn.a.n.a.
Q1 202321$4.0bnn.a.n.a.
Q2 202317$3.7bnn.a.n.a.
Q3 202324$4.0bnn.a.n.a.
Q4 202323$5.0bn1413
Q1 202423$4.6bn1211
Q2 202414$3.8bn414
Q3 202421$3.0bn1110
Q4 202417$1.4bn99
Q1 202520$1.9bn1111
Q2 202521$2.1bn148
Q3 202522$2.8bn147
Q4 202518$2.9bn2116
Q1 202619$3.1bn1521
Q2 202616$2.3bn1717

Compare with…

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

TFC and BAC →TFC and JPM →TFC and WFC →Choose a stock to compare with TFC →

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