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
28
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 7 listed it in both
Shares listed
53,842,385
combined, among listed positions
Reported value
$4.6bn
combined, at the quarter end

Among the 92 comparable managers: 18 buyers (opened or added shares) and 19 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +2,022,491.

Managers listing TRU 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.

28 of 28 holders

ActionFiling
MFS Investment Management15,540,471$1.3bn0.43%Trimmed-2,734,90922 Jan 2026 (the filing on sec.gov)
Wellington Management Group LLP11,718,762$1.0bn0.18%Trimmed-238,11217 Feb 2026 (the filing on sec.gov)
Dodge & Cox9,842,006$844m0.46%Newnew13 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)4,470,371$383munder 0.1%Added+2,792,32517 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd3,447,235$296m0.13%Added+63,78817 Feb 2026 (the filing on sec.gov)
Invesco Ltd2,789,658$239munder 0.1%Added+151,88219 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC1,749,832$150m0.11%Added+192,89227 Oct 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc768,111$66munder 0.1%Trimmed-590,57817 Feb 2026 (the filing on sec.gov)
Farallon Capital Management LLC675,000$58m0.25%Trimmed-4,057,07517 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC632,286$54m0.24%Added+600,43317 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC610,868$52m0.06%Newnew13 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC383,169$33munder 0.1%Added+222,40317 Feb 2026 (the filing on sec.gov)
Millennium Management LLC264,649$23munder 0.1%Trimmed-232,66117 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP253,003$22munder 0.1%Added+1,93917 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC156,084$13munder 0.1%Trimmed-508,89117 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP153,910$13munder 0.1%Added+111,87317 Feb 2026 (the filing on sec.gov)
Man Group PLC112,025$9.6munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
PDT Partners LLC97,514$8.4m0.54%Newnew17 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP74,654$6.4munder 0.1%Added+33,65113 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC23,480$2.0munder 0.1%Trimmed-60,91513 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP21,110$1.8munder 0.1%Added+9,60017 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP20,423$1.8munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP17,754$1.5munder 0.1%Added+7,15317 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC8,125$697kunder 0.1%Trimmed-69,82912 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP3,910$335kunder 0.1%Trimmed-70417 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.
21 in Q3 2024 to 13 in Q2 2026

Tracked managers listing it, at least.

0102030201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TRU by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20159$46mn.a.n.a.
Q3 20154$142mn.a.n.a.
Q4 20153$205mn.a.n.a.
Q1 20165$406mn.a.n.a.
Q2 20167$973mn.a.n.a.
Q3 201612$1.2bnn.a.n.a.
Q4 20168$1.0bnn.a.n.a.
Q1 201714$1.8bnn.a.n.a.
Q2 201712$2.5bnn.a.n.a.
Q3 20179$3.7bnn.a.n.a.
Q4 201715$4.4bnn.a.n.a.
Q1 201823$4.8bnn.a.n.a.
Q2 201824$6.0bnn.a.n.a.
Q3 201818$5.9bnn.a.n.a.
Q4 201817$4.7bnn.a.n.a.
Q1 201917$5.0bnn.a.n.a.
Q2 201918$5.2bnn.a.n.a.
Q3 201921$5.4bnn.a.n.a.
Q4 201922$5.4bnn.a.n.a.
Q1 202026$4.3bnn.a.n.a.
Q2 202024$5.4bnn.a.n.a.
Q3 202021$5.0bnn.a.n.a.
Q4 202018$5.1bnn.a.n.a.
Q1 202117$4.9bnn.a.n.a.
Q2 202118$5.9bnn.a.n.a.
Q3 202121$6.1bnn.a.n.a.
Q4 202118$6.8bnn.a.n.a.
Q1 202217$6.0bnn.a.n.a.
Q2 202213$4.9bnn.a.n.a.
Q3 202216$2.3bnn.a.n.a.
Q4 202216$2.6bnn.a.n.a.
Q1 202314$2.3bnn.a.n.a.
Q2 202315$3.5bnn.a.n.a.
Q3 202314$3.1bnn.a.n.a.
Q4 202313$2.4bn67
Q1 202415$3.5bn113
Q2 202417$3.3bn142
Q3 202421$5.5bn119
Q4 202424$4.8bn1111
Q1 202520$4.3bn136
Q2 202517$4.5bn99
Q3 202513$3.7bn67
Q4 202513$3.8bn1819
Q1 202613$4.9bn1314
Q2 202613$5.4bn1712

Compare with…

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

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

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