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
33
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 20 listed it in both
Shares listed
76,698,494
combined, among listed positions
Reported value
$5.8bn
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 22 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +3,538,135.

Managers listing USFD 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.

33 of 33 holders

ActionFiling
Fidelity (FMR LLC)14,420,041$1.1bn0.06%Trimmed-944,12617 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP13,780,526$1.0bn0.18%Added+904,55617 Feb 2026 (the filing on sec.gov)
Capital World Investors12,862,100$969m0.13%Added+1,197,36011 Feb 2026 (the filing on sec.gov)
Invesco Ltd8,146,973$614m0.06%Trimmed-17,08919 Feb 2026 (the filing on sec.gov)
MFS Investment Management4,494,292$339m0.11%Trimmed-1,221,21122 Jan 2026 (the filing on sec.gov)
D1 Capital Partners LP4,283,474$323m3.01%Added+922,27417 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc4,165,611$314munder 0.1%Added+3,353,39617 Feb 2026 (the filing on sec.gov)
Artisan Partners LP3,127,601$236m0.35%Added+143,16517 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC2,165,347$163m0.09%Added+3,98117 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP1,592,326$120m0.07%Added+67,22913 Feb 2026 (the filing on sec.gov)
Glenview Capital Management LLC1,137,763$86m1.74%Added+72,43417 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC1,078,681$81m0.06%Added+38,86627 Oct 2026 (the filing on sec.gov)
Voloridge Investment Management LLC985,312$74m0.26%Added+211,14317 Feb 2026 (the filing on sec.gov)
Steadfast Capital Management LP964,900$73m1.25%Added+171,20017 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP813,270$61munder 0.1%Added+493,19817 Feb 2026 (the filing on sec.gov)
Man Group PLC648,422$49m0.08%Trimmed-127,66717 Feb 2026 (the filing on sec.gov)
Millennium Management LLC492,650$37munder 0.1%Trimmed-2,82917 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC396,200$30munder 0.1%Trimmed-93,00012 Feb 2026 (the filing on sec.gov)
Davidson Kempner Capital Management LP316,262$24m0.28%Trimmed-420,08217 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP240,482$18m0.07%Trimmed-2,86213 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd99,381$7.5munder 0.1%Trimmed-27817 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP98,500$7.4munder 0.1%Added+39,20017 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC97,693$7.4munder 0.1%Added+66,17817 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP89,137$6.7munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Winton Group Ltd84,180$6.3m0.22%Newnew11 Feb 2026 (the filing on sec.gov)
Page 1 of 2

What managers have written about USFD

Shown because the letter names the company. A letter is commentary; it is not a record of why a position changed.

Every letter beside its positions →

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.
18 in Q3 2024 to 19 in Q2 2026

Tracked managers listing it, at least.

01020302017201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
USFD by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201612$371mn.a.n.a.
Q3 20169$349mn.a.n.a.
Q4 20167$168mn.a.n.a.
Q1 201712$998mn.a.n.a.
Q2 201715$1.3bnn.a.n.a.
Q3 201714$1.3bnn.a.n.a.
Q4 201714$2.1bnn.a.n.a.
Q1 201820$2.1bnn.a.n.a.
Q2 201821$2.5bnn.a.n.a.
Q3 201820$2.2bnn.a.n.a.
Q4 201821$2.3bnn.a.n.a.
Q1 201921$2.6bnn.a.n.a.
Q2 201920$2.4bnn.a.n.a.
Q3 201928$2.8bnn.a.n.a.
Q4 201921$2.6bnn.a.n.a.
Q1 202020$1.1bnn.a.n.a.
Q2 20208$1.1bnn.a.n.a.
Q3 202011$1.1bnn.a.n.a.
Q4 202010$1.8bnn.a.n.a.
Q1 202111$1.9bnn.a.n.a.
Q2 20218$1.9bnn.a.n.a.
Q3 20218$1.6bnn.a.n.a.
Q4 20218$2.3bnn.a.n.a.
Q1 20228$2.7bnn.a.n.a.
Q2 202211$2.1bnn.a.n.a.
Q3 202210$1.8bnn.a.n.a.
Q4 202211$2.3bnn.a.n.a.
Q1 202311$2.5bnn.a.n.a.
Q2 202316$3.0bnn.a.n.a.
Q3 202313$2.7bnn.a.n.a.
Q4 202313$2.8bn68
Q1 202416$3.5bn124
Q2 202419$4.1bn145
Q3 202418$3.8bn613
Q4 202424$4.2bn1213
Q1 202521$4.3bn1210
Q2 202520$5.1bn118
Q3 202522$5.4bn1410
Q4 202523$5.7bn1722
Q1 202618$6.4bn1321
Q2 202619$7.5bn1321

Compare with…

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

USFD and PM →USFD and KO →USFD and COST →Choose a stock to compare with USFD →

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