L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
20
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
31,223,990
combined, among listed positions
Reported value
$622m
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 5 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -13,419,896.

Managers listing TRMD 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.

20 of 20 holders

ActionFiling
Oaktree Capital Management LP26,425,059$527m7.50%Trimmed-14,156,06117 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP3,042,978$60munder 0.1%Trimmed-82113 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC536,425$11munder 0.1%Added+110,00012 Feb 2026 (the filing on sec.gov)
Millennium Management LLC252,811$5.0munder 0.1%Added+137,64817 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC128,792$2.5munder 0.1%Added+118,36117 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP125,000$2.4munder 0.1%Added+13,13917 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP122,539$2.4munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP113,194$2.2munder 0.1%Added+100,89017 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.104,234$2.0munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC100,990$2.0munder 0.1%Added+26,14912 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP45,900$899kunder 0.1%Added+15,80017 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC44,165$865kunder 0.1%Trimmed-89,51517 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP37,612$736kunder 0.1%Added+5713 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC32,509$637kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC28,177$552kunder 0.1%Added+13,91117 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC26,484$519kunder 0.1%Added+26,46713 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP23,721$464kunder 0.1%Newnew10 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC18,189$363kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Invesco Ltd15,106$296kunder 0.1%Added+2,08919 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)105$2kunder 0.1%Added+4317 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.
10 in Q3 2024 to 5 in Q2 2026

Tracked managers listing it, at least.

05101520192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TRMD by quarter
QuarterHoldersReported valueBuyersSellers
Q3 20181$286mn.a.n.a.
Q4 20181$320mn.a.n.a.
Q1 20191$358mn.a.n.a.
Q2 20191$414mn.a.n.a.
Q3 20191$409mn.a.n.a.
Q4 20191$540mn.a.n.a.
Q1 20201$416mn.a.n.a.
Q2 20201$356mn.a.n.a.
Q3 20201$361mn.a.n.a.
Q4 20201$398mn.a.n.a.
Q1 20211$492mn.a.n.a.
Q2 20211$476mn.a.n.a.
Q3 20211$414mn.a.n.a.
Q4 20211$425mn.a.n.a.
Q1 20221$468mn.a.n.a.
Q2 20222$728mn.a.n.a.
Q3 20222$1.1bnn.a.n.a.
Q4 20224$1.6bnn.a.n.a.
Q1 20235$1.8bnn.a.n.a.
Q2 20235$1.4bnn.a.n.a.
Q3 20235$1.5bnn.a.n.a.
Q4 20235$1.6bn32
Q1 20247$1.9bn51
Q2 202411$2.2bn92
Q3 202410$1.6bn64
Q4 20244$895m15
Q1 20253$744m02
Q2 20253$740m11
Q3 20253$900m11
Q4 20253$590m175
Q1 20264$794m178
Q2 20265$648m197

Compare with…

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

TRMD and KLAC →TRMD and GE →TRMD and LRCX →Choose a stock to compare with TRMD →

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