L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
17 Nov 2025
latest of these filings; the earliest 12 Nov 2025
Managers listing it
24
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 18 listed it in both
Shares listed
6,018,267
combined, among listed positions
Reported value
$2.6bn
combined, at the quarter end

Among the 95 comparable managers: 12 buyers (opened or added shares) and 14 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 TLN 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.

24 of 24 holders

ActionFiling
Lone Pine Capital LLC1,192,516$507m3.69%Added+103,13614 Nov 2025 (the filing on sec.gov)
Invesco Ltd1,063,024$452m0.07%Addedn.a.13 Nov 2025 (the filing on sec.gov)
Capital World Investors774,999$330munder 0.1%Added+8513 Nov 2025 (the filing on sec.gov)
Sachem Head Capital Management LP580,000$247m6.97%Trimmed-774,60014 Nov 2025 (the filing on sec.gov)
Capital Research Global Investors371,434$158munder 0.1%Trimmed-9,98213 Nov 2025 (the filing on sec.gov)
Third Point LLC350,000$149m1.66%Trimmed-435,00014 Nov 2025 (the filing on sec.gov)
Oaktree Capital Management LP291,117$124m1.91%Added+161,28813 Nov 2025 (the filing on sec.gov)
Voloridge Investment Management LLC259,475$110m0.37%Added+214,37114 Nov 2025 (the filing on sec.gov)
Two Sigma Investments LP243,707$104m0.15%Trimmed-160,58714 Nov 2025 (the filing on sec.gov)
Squarepoint Ops LLC154,000$66m0.07%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Bridgewater Associates LP148,669$63m0.25%Trimmed-4,32813 Nov 2025 (the filing on sec.gov)
Man Group PLC124,522$53m0.09%Added+7,82514 Nov 2025 (the filing on sec.gov)
Moore Capital Management LP94,928$40m0.56%Newnew14 Nov 2025 (the filing on sec.gov)
Two Sigma Advisers LP93,400$40m0.08%Trimmed-73,20014 Nov 2025 (the filing on sec.gov)
Holocene Advisors LP69,554$30m0.07%Trimmed-104,29214 Nov 2025 (the filing on sec.gov)
Rokos Capital Management LLP56,052$24m0.10%Newnew14 Nov 2025 (the filing on sec.gov)
Verition Fund Management LLC39,012$17m0.07%Trimmed-24,01014 Nov 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC28,173$12m0.07%Trimmed-55,26914 Nov 2025 (the filing on sec.gov)
Walleye Capital LLC27,852$12munder 0.1%Trimmed-10,08714 Nov 2025 (the filing on sec.gov)
Caxton Associates LLP19,554$8.3m0.20%Newnew17 Nov 2025 (the filing on sec.gov)
Winton Group Ltd15,284$6.5m0.24%Added+2,13613 Nov 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP8,585$3.7munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Quantbot Technologies LP8,378$3.6m0.10%Trimmed-4,71312 Nov 2025 (the filing on sec.gov)
Polen Capital Management LLC4,032$1.7munder 0.1%Trimmed-1,79412 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.

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.
15 in Q3 2024 to 18 in Q2 2026

Tracked managers listing it, at least.

0102030Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TLN by quarter
QuarterHoldersReported valueBuyersSellers
Q3 202415$1.1bn150
Q4 202414$1.1bn512
Q1 202513$1.3bn87
Q2 202521$1.8bn147
Q3 202524$2.6bn1214
Q4 202523$2.7bn2322
Q1 202617$2.2bn1821
Q2 202618$1.9bn1624

Compare with…

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

TLN and SO →TLN and D →TLN and NEE →Choose a stock to compare with TLN →

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