L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
29
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
15,961,786
combined, among listed positions
Reported value
$1.3bn
combined, at the quarter end

Among the 92 comparable managers: 23 buyers (opened or added shares) and 9 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +4,372,769.

Managers listing ULS 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.

29 of 29 holders

ActionFiling
Capital Research Global Investors3,834,395$302m0.06%Trimmed-108,51011 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd3,024,820$239m0.11%Added+54,91017 Feb 2026 (the filing on sec.gov)
Durable Capital Partners LP2,563,523$202m1.91%Newnew17 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,873,926$148munder 0.1%Trimmed-142,36817 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,027,413$81munder 0.1%Added+150,67917 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC620,070$49munder 0.1%Added+547,45917 Feb 2026 (the filing on sec.gov)
Soros Fund Management LLC580,520$46m0.53%Added+100,66013 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC453,849$36munder 0.1%Added+334,48427 Oct 2026 (the filing on sec.gov)
Two Sigma Investments LP434,490$34munder 0.1%Added+143,34017 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC417,459$33munder 0.1%Added+363,30717 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP287,174$23munder 0.1%Trimmed-150,46917 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP204,200$16munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Invesco Ltd124,396$9.8munder 0.1%Added+99,47819 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.110,164$8.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP67,500$5.3munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP66,277$5.2munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC63,874$5.0munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP48,600$3.8munder 0.1%Trimmed-40,10017 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP46,947$3.7munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Man Group PLC30,437$2.4munder 0.1%Added+4,65717 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC16,087$1.3munder 0.1%Added+15,03813 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP15,714$1.2munder 0.1%Newnew10 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC15,304$1.2munder 0.1%Trimmed-3513 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP12,923$1.0munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Winton Group Ltd6,100$481kunder 0.1%Newnew11 Feb 2026 (the filing on sec.gov)
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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.
11 in Q3 2024 to 7 in Q2 2026

Tracked managers listing it, at least.

051015Q2 2024Q3 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.
ULS by quarter
QuarterHoldersReported valueBuyersSellers
Q2 202412$378m120
Q3 202411$561m67
Q4 20249$482m65
Q1 20257$494m25
Q2 20256$661m15
Q3 20253$524m21
Q4 20259$865m239
Q1 20266$1.0bn1618
Q2 20267$1.2bn1218

Compare with…

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

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

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