L3VLUP
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; 20 listed it in both
Shares listed
67,342,941
combined, among listed positions
Reported value
$3.3bn
combined, at the quarter end

Among the 92 comparable managers: 21 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -2,111,894.

Managers listing TFC 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.

35 of 35 holders

ActionFiling
Fidelity (FMR LLC)20,158,231$992m0.05%Added+8,475,05317 Feb 2026 (the filing on sec.gov)
Invesco Ltd14,067,457$692m0.07%Added+247,63419 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP11,886,345$585m0.10%Added+1,499,51417 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP3,970,536$195m0.11%Added+659,71213 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC3,450,640$170m0.09%Trimmed-670,29017 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc2,621,224$129munder 0.1%Trimmed-23,45317 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC2,181,925$107m0.08%Added+1,710,60327 Oct 2026 (the filing on sec.gov)
AllianceBernstein LP1,491,496$73munder 0.1%Added+41,55217 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,284,299$63munder 0.1%Trimmed-1,798,33917 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP889,942$44m0.16%Added+157,42213 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC756,916$37m0.15%Trimmed-136,60913 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP609,964$30munder 0.1%Added+293,46117 Feb 2026 (the filing on sec.gov)
Man Group PLC570,496$28munder 0.1%Added+353,21317 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC487,604$24munder 0.1%Added+420,64413 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC438,400$22m0.10%Added+165,75617 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP405,978$20m0.07%Added+391,83813 Feb 2026 (the filing on sec.gov)
Millennium Management LLC273,472$13munder 0.1%Trimmed-2,408,62217 Feb 2026 (the filing on sec.gov)
Woodline Partners LP218,450$11munder 0.1%Added+48,03417 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP207,141$10m0.11%Added+110,13117 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP183,236$9.0munder 0.1%Trimmed-2,147,18317 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP178,783$8.8munder 0.1%Trimmed-1,749,88117 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd157,373$7.7munder 0.1%Added+48917 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC150,233$7.4munder 0.1%Added+88,80712 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.143,637$7.1munder 0.1%Trimmed-452,97417 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp132,269$6.5munder 0.1%Trimmed-393,63417 Feb 2026 (the filing on sec.gov)
Page 1 of 2

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.
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 →