L3VLUP
Quarter end
30 Jun 2025
the date the book describes
Filed
18 Aug 2025
latest of these filings; the earliest 6 Aug 2025
Managers listing it
5
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q1 2025 and Q2 2025; 2 listed it in both
Shares listed
14,663,545
combined, among listed positions
Reported value
$822m
combined, at the quarter end

Among the 95 comparable managers: 3 buyers (opened or added shares) and 4 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 TRNO in Q2 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

5 of 5 holders

ActionFiling
Fidelity (FMR LLC)10,000,265$561munder 0.1%Trimmed-1,432,64114 Aug 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc3,890,147$218munder 0.1%Trimmed-268,60714 Aug 2025 (the filing on sec.gov)
Hudson Bay Capital Management LP390,919$22m0.07%Addedn.a.18 Aug 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC299,189$17m0.11%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Holocene Advisors LP83,025$4.7munder 0.1%Addedn.a.14 Aug 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q1 2025 to Q2 2025, among managers that listed it in both quarters or opened it.

Increases

No increase among listed positions.

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (0)

No new position among listed positions.

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 7 in Q2 2026

Tracked managers listing it, at least.

0246820162017201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TRNO by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20131$1.3mn.a.n.a.
Q4 20152$129mn.a.n.a.
Q1 20161$133mn.a.n.a.
Q2 20161$147mn.a.n.a.
Q3 20161$155mn.a.n.a.
Q4 20161$159mn.a.n.a.
Q1 20171$169mn.a.n.a.
Q2 20172$218mn.a.n.a.
Q3 20172$299mn.a.n.a.
Q4 20173$274mn.a.n.a.
Q1 20182$237mn.a.n.a.
Q2 20182$278mn.a.n.a.
Q3 20183$301mn.a.n.a.
Q4 20182$257mn.a.n.a.
Q1 20193$286mn.a.n.a.
Q2 20191$332mn.a.n.a.
Q3 20193$336mn.a.n.a.
Q4 20191$332mn.a.n.a.
Q1 20203$310mn.a.n.a.
Q2 20202$306mn.a.n.a.
Q3 20202$315mn.a.n.a.
Q4 20202$332mn.a.n.a.
Q1 20212$346mn.a.n.a.
Q2 20212$373mn.a.n.a.
Q3 20213$390mn.a.n.a.
Q4 20213$511mn.a.n.a.
Q1 20223$501mn.a.n.a.
Q2 20224$439mn.a.n.a.
Q3 20224$203mn.a.n.a.
Q4 20223$175mn.a.n.a.
Q1 20235$451mn.a.n.a.
Q2 20236$475mn.a.n.a.
Q3 20236$501mn.a.n.a.
Q4 20236$634m42
Q1 20247$1.2bn61
Q2 20246$1.1bn42
Q3 20246$1.4bn42
Q4 20246$949m23
Q1 20255$1.0bn41
Q2 20255$822m34
Q3 20253$900m30
Q4 20253$890m197
Q1 20266$1.1bn1710
Q2 20267$1.2bn1611

Compare with…

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

TRNO and WELL →TRNO and EQIX →TRNO and BN →Choose a stock to compare with TRNO →

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