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
45
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 27 listed it in both
Shares listed
59,161,228
combined, among listed positions
Reported value
$9.5bn
combined, at the quarter end

Among the 92 comparable managers: 25 buyers (opened or added shares) and 25 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +2,335,189.

Managers listing VST 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.

45 of 45 holders

ActionFiling
Fidelity (FMR LLC)16,995,465$2.7bn0.14%Trimmed-2,897,55717 Feb 2026 (the filing on sec.gov)
MFS Investment Management6,530,095$1.1bn0.34%Trimmed-576,37022 Jan 2026 (the filing on sec.gov)
Lone Pine Capital LLC5,211,885$841m6.18%Added+512,64417 Feb 2026 (the filing on sec.gov)
Invesco Ltd3,596,436$580m0.05%Trimmed-976,20619 Feb 2026 (the filing on sec.gov)
Capital World Investors3,561,018$574m0.08%Newnew11 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd2,958,740$477m0.21%Added+65,79517 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC2,735,140$441m0.07%Added+1,493,31712 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc2,197,728$355munder 0.1%Trimmed-154,82517 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC2,077,657$335m0.25%Added+21,11327 Oct 2026 (the filing on sec.gov)
Wellington Management Group LLP1,349,438$218munder 0.1%Trimmed-328,79717 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,111,911$179m0.08%Added+507,18417 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,069,835$173munder 0.1%Added+246,93017 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,044,367$168m0.19%Added+766,88417 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,042,015$168m0.26%Added+460,77312 Feb 2026 (the filing on sec.gov)
Third Point LLC1,005,000$162m2.23%Added+70,00017 Feb 2026 (the filing on sec.gov)
Appaloosa LP945,000$152m2.20%Trimmed-300,00017 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP780,508$126m0.07%Added+37,91713 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP745,099$120munder 0.1%Added+213,98817 Feb 2026 (the filing on sec.gov)
Artisan Partners LP683,228$110m0.17%Trimmed-72,75117 Feb 2026 (the filing on sec.gov)
Man Group PLC445,708$72m0.12%Added+142,08217 Feb 2026 (the filing on sec.gov)
Rokos Capital Management LLP441,944$71m0.28%Trimmed-185,03613 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.427,713$69munder 0.1%Added+420,07617 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP342,457$55munder 0.1%Trimmed-67,79717 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP309,849$50m0.18%Trimmed-28,48613 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp278,005$45m0.08%Added+111,31917 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.
29 in Q3 2024 to 31 in Q2 2026

Tracked managers listing it, at least.

010203040201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
VST by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20174$1.0bnn.a.n.a.
Q3 20178$1.2bnn.a.n.a.
Q4 201711$1.5bnn.a.n.a.
Q1 201813$1.8bnn.a.n.a.
Q2 201816$2.6bnn.a.n.a.
Q3 201810$2.3bnn.a.n.a.
Q4 201816$2.6bnn.a.n.a.
Q1 201919$3.0bnn.a.n.a.
Q2 201917$2.7bnn.a.n.a.
Q3 201917$3.1bnn.a.n.a.
Q4 201923$2.8bnn.a.n.a.
Q1 202015$1.8bnn.a.n.a.
Q2 202015$2.1bnn.a.n.a.
Q3 202016$2.0bnn.a.n.a.
Q4 202013$2.2bnn.a.n.a.
Q1 202113$1.5bnn.a.n.a.
Q2 202111$1.9bnn.a.n.a.
Q3 202111$1.3bnn.a.n.a.
Q4 202110$1.9bnn.a.n.a.
Q1 202216$1.9bnn.a.n.a.
Q2 202217$2.0bnn.a.n.a.
Q3 202212$1.7bnn.a.n.a.
Q4 202213$1.7bnn.a.n.a.
Q1 202314$1.8bnn.a.n.a.
Q2 202312$1.8bnn.a.n.a.
Q3 202315$1.9bnn.a.n.a.
Q4 202315$1.8bn88
Q1 202421$4.6bn139
Q2 202432$6.4bn2012
Q3 202429$8.1bn1416
Q4 202432$8.5bn2013
Q1 202527$6.3bn1417
Q2 202534$11.1bn2113
Q3 202531$10.8bn1715
Q4 202532$9.1bn2525
Q1 202630$7.5bn1928
Q2 202631$6.7bn2420

Compare with…

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

VST and SO →VST and D →VST and NEE →Choose a stock to compare with VST →

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