L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
26
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
30,462,273
combined, among listed positions
Reported value
$1.9bn
combined, at the quarter end

Among the 92 comparable managers: 12 buyers (opened or added shares) and 18 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -5,702,124.

Managers listing TPG 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.

26 of 26 holders

ActionFiling
Wellington Management Group LLP9,266,397$592m0.10%Trimmed-1,133,55817 Feb 2026 (the filing on sec.gov)
Millennium Management LLC4,584,733$293m0.12%Added+1,837,79917 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc3,558,545$227munder 0.1%Trimmed-605,24317 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC3,097,375$198munder 0.1%Added+504,66117 Feb 2026 (the filing on sec.gov)
Capital World Investors2,859,230$183munder 0.1%Added+13,11611 Feb 2026 (the filing on sec.gov)
MFS Investment Management2,284,437$146munder 0.1%Trimmed-2,880,14322 Jan 2026 (the filing on sec.gov)
AllianceBernstein LP1,084,939$69munder 0.1%Trimmed-140,74817 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP749,633$48m0.05%Trimmed-753,91717 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC572,116$37munder 0.1%Trimmed-306,30527 Oct 2026 (the filing on sec.gov)
Holocene Advisors LP528,300$34m0.07%Added+43,02217 Feb 2026 (the filing on sec.gov)
Invesco Ltd411,783$26munder 0.1%Trimmed-5,74219 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC357,905$23m0.10%Added+92,98817 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)328,100$21munder 0.1%Trimmed-56,10217 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC183,039$12munder 0.1%Trimmed-1,095,12617 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP159,325$10munder 0.1%Trimmed-4,62417 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP68,000$4.3m0.06%Newnew17 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC65,492$4.2munder 0.1%Added+55,06813 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP65,142$4.2munder 0.1%Added+33,02817 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd59,701$3.8munder 0.1%Added+3,50417 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC58,734$3.8munder 0.1%Trimmed-277,61313 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC50,426$3.2munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Man Group PLC35,610$2.3munder 0.1%Trimmed-52,51117 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC13,404$856kunder 0.1%Added+6,54317 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP7,390$472kunder 0.1%Trimmed-28,44513 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP7,104$454kunder 0.1%Trimmed-17,19110 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.
6 in Q3 2024 to 11 in Q2 2026

Tracked managers listing it, at least.

05101520222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TPG by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20227$219mn.a.n.a.
Q2 20224$179mn.a.n.a.
Q3 20222$179mn.a.n.a.
Q4 20224$132mn.a.n.a.
Q1 20233$132mn.a.n.a.
Q2 20232$74mn.a.n.a.
Q3 20231$75mn.a.n.a.
Q4 20232$159m20
Q1 202411$954m110
Q2 20248$878m72
Q3 20246$961m24
Q4 202412$1.5bn75
Q1 20257$1.0bn44
Q2 202511$1.8bn93
Q3 202513$1.8bn85
Q4 202510$1.7bn1218
Q1 202612$1.0bn2610
Q2 202611$1.2bn1717

Compare with…

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

TPG and V →TPG and AXP →TPG and BAC →Choose a stock to compare with TPG →

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