L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 4 Feb 2026
Managers listing it
19
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 3 listed it in both
Shares listed
38,571,809
combined, among listed positions
Reported value
$390m
combined, at the quarter end

Among the 92 comparable managers: 9 buyers (opened or added shares) and 17 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -3,525,894.

Managers listing TIC 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.

19 of 19 holders

ActionFiling
Viking Global Investors LP34,360,000$347m0.92%Held017 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,286,250$13munder 0.1%Added+688,08217 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP1,265,505$13m0.18%Trimmed-401,43417 Feb 2026 (the filing on sec.gov)
Man Group PLC327,425$3.3munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC255,823$2.6munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP195,145$2.0munder 0.1%Added+17,23117 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC144,414$1.5munder 0.1%Trimmed-261,54517 Feb 2026 (the filing on sec.gov)
Invesco Ltd116,919$1.2munder 0.1%Added+6,56519 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc112,544$1.1munder 0.1%Added+19,04617 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP91,677$927kunder 0.1%Trimmed-119,03717 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC90,000$910kunder 0.1%Trimmed-184,5804 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP73,553$744kunder 0.1%Trimmed-13,82617 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC60,226$609kunder 0.1%Trimmed-161,51617 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd54,065$547kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP50,000$506kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC36,689$371kunder 0.1%Trimmed-155,13313 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc20,000$202kunder 0.1%Newnew5 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP17,700$179kunder 0.1%Trimmed-131,14213 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)13,874$140kunder 0.1%Added+7,57617 Feb 2026 (the filing on sec.gov)

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.
2 in Q1 2025 to 2 in Q2 2026

Tracked managers listing it, at least.

01234Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TIC by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20252$402m20
Q2 20252$390m01
Q3 20254$487m30
Q4 20253$361m917
Q1 20262$239m1111
Q2 20262$292m129

Compare with…

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

TIC and V →TIC and MA →TIC and MCO →Choose a stock to compare with TIC →

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