L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 4 listed it in both
Shares listed
6,728,384
combined, among listed positions
Reported value
$294m
combined, at the quarter end

Among the 92 comparable managers: 14 buyers (opened or added shares) and 20 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -4,278,495.

Managers listing UPST 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.

27 of 27 holders

ActionFiling
Susquehanna International Group LLP1,287,089$56munder 0.1%Added+324,20917 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,105,759$48munder 0.1%Added+809,60117 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co758,929$33munder 0.1%Newnew23 Jan 2026 (the filing on sec.gov)
Marshall Wace LLP551,168$24munder 0.1%Added+60,58713 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP489,219$21munder 0.1%Added+361,69617 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP370,179$16munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC347,881$15m0.05%Trimmed-622,42517 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.273,487$12munder 0.1%Added+164,29717 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC220,051$9.6munder 0.1%Added+172,92517 Feb 2026 (the filing on sec.gov)
Millennium Management LLC218,753$9.6munder 0.1%Trimmed-237,49817 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC188,484$8.2munder 0.1%Trimmed-786,21312 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC149,769$6.5munder 0.1%Added+88,26213 Feb 2026 (the filing on sec.gov)
PDT Partners LLC100,041$4.4m0.28%Newnew17 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP98,810$4.3munder 0.1%Trimmed-49017 Feb 2026 (the filing on sec.gov)
Invesco Ltd90,987$4.0munder 0.1%Trimmed-513,90519 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc80,379$3.5munder 0.1%Trimmed-911,05417 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP70,310$3.1m0.10%Trimmed-77,00610 Feb 2026 (the filing on sec.gov)
Man Group PLC70,235$3.1munder 0.1%Trimmed-402,00917 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC69,020$3.0munder 0.1%Trimmed-92,28313 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC60,309$2.6munder 0.1%Added+15,07617 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP33,000$1.4munder 0.1%Trimmed-269,90017 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP25,756$1.1munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd21,481$939kunder 0.1%Trimmed-3,10617 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC19,712$862kunder 0.1%Trimmed-268,05217 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)12,002$525kunder 0.1%Trimmed-1,94917 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.
8 in Q3 2024 to 4 in Q2 2026

Tracked managers listing it, at least.

051015202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
UPST by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20204$594mn.a.n.a.
Q1 20212$1.8bnn.a.n.a.
Q2 20216$2.0bnn.a.n.a.
Q3 202110$5.2bnn.a.n.a.
Q4 20218$1.4bnn.a.n.a.
Q1 20222$12mn.a.n.a.
Q2 20222$87mn.a.n.a.
Q3 20222$55mn.a.n.a.
Q4 20221$11mn.a.n.a.
Q1 20231$26mn.a.n.a.
Q2 20234$192mn.a.n.a.
Q3 20233$164mn.a.n.a.
Q4 20236$327m42
Q1 20245$126m41
Q2 20244$48m30
Q3 20248$319m70
Q4 202411$708m74
Q1 202512$416m76
Q2 20259$368m35
Q3 20259$249m44
Q4 20255$65m1420
Q1 20267$146m2210
Q2 20264$169m1615

Compare with…

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

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

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