- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 19 Feb 2026
- latest of these filings; the earliest 10 Feb 2026
- Managers listing it
- 17
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 2 listed it in both
- Shares listed
- 5,755,654
- combined, among listed positions
- Reported value
- $202m
- combined, at the quarter end
Among the 92 comparable managers: 9 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +89,654.
Managers listing ZD in Q4 2025
17 of 17 holders
Largest increases and reductions, by shares
Increases
- D. E. Shaw & Co.existing position · 648,130 shares now+298,291
- AQR Capital Management LLCexisting position · 399,259 shares now+187,431
- Citadel Advisors LLCexisting position · 121,830 shares now+97,800
- Invesco Ltdexisting position · 225,357 shares now+34,064
- Verition Fund Management LLCexisting position · 20,394 shares now+14,372
Reductions
- Arrowstreet Capital LPexisting position · 234,628 shares now-317,757
- Jane Street Group LLCexisting position · 132,982 shares now-53,037
- Bridgewater Associates LPexisting position · 249,506 shares now-30,669
- Millennium Management LLCexisting position · 17,093 shares now-25,313
- Susquehanna International Group LLPexisting position · 119,655 shares now-20,114
New positions and exits
New (0)
No new position among listed positions.
Exited (6)
- Man Group PLCwas $1.1m
- Squarepoint Ops LLCwas $1.0m
- Marshall Wace LLPwas $916k
- Woodline Partners LPwas $420k
- Acadian Asset Management LLCwas $73k
- Walleye Capital LLCwas $40k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 2 | $296m | n.a. | n.a. |
| Q3 2013 | 3 | $371m | n.a. | n.a. |
| Q4 2013 | 2 | $99m | n.a. | n.a. |
| Q1 2014 | 3 | $102m | n.a. | n.a. |
| Q2 2014 | 3 | $97m | n.a. | n.a. |
| Q3 2014 | 2 | $84m | n.a. | n.a. |
| Q4 2014 | 3 | $96m | n.a. | n.a. |
| Q1 2015 | 3 | $110m | n.a. | n.a. |
| Q2 2015 | 2 | $98m | n.a. | n.a. |
| Q3 2015 | 1 | $83m | n.a. | n.a. |
| Q4 2015 | 4 | $117m | n.a. | n.a. |
| Q1 2016 | 5 | $68m | n.a. | n.a. |
| Q2 2016 | 2 | $23m | n.a. | n.a. |
| Q3 2016 | 3 | $20m | n.a. | n.a. |
| Q4 2016 | 3 | $547m | n.a. | n.a. |
| Q1 2017 | 3 | $442m | n.a. | n.a. |
| Q2 2017 | 3 | $586m | n.a. | n.a. |
| Q3 2017 | 5 | $565m | n.a. | n.a. |
| Q4 2017 | 6 | $638m | n.a. | n.a. |
| Q1 2018 | 4 | $674m | n.a. | n.a. |
| Q2 2018 | 6 | $586m | n.a. | n.a. |
| Q3 2018 | 5 | $112m | n.a. | n.a. |
| Q4 2018 | 4 | $91m | n.a. | n.a. |
| Q1 2019 | 6 | $129m | n.a. | n.a. |
| Q2 2019 | 4 | $117m | n.a. | n.a. |
| Q3 2019 | 5 | $179m | n.a. | n.a. |
| Q4 2019 | 7 | $282m | n.a. | n.a. |
| Q1 2020 | 7 | $207m | n.a. | n.a. |
| Q2 2020 | 11 | $186m | n.a. | n.a. |
| Q3 2020 | 11 | $254m | n.a. | n.a. |
| Q4 2020 | 6 | $266m | n.a. | n.a. |
| Q1 2021 | 6 | $416m | n.a. | n.a. |
| Q2 2021 | 9 | $751m | n.a. | n.a. |
| Q3 2021 | 8 | $757m | n.a. | n.a. |
| Q4 2021 | 6 | $455m | n.a. | n.a. |
| Q1 2022 | 4 | $416m | n.a. | n.a. |
| Q2 2022 | 5 | $331m | n.a. | n.a. |
| Q3 2022 | 5 | $414m | n.a. | n.a. |
| Q4 2022 | 5 | $457m | n.a. | n.a. |
| Q1 2023 | 3 | $303m | n.a. | n.a. |
| Q2 2023 | 3 | $273m | n.a. | n.a. |
| Q3 2023 | 1 | $238m | n.a. | n.a. |
| Q4 2023 | 2 | $217m | 1 | 1 |
| Q1 2024 | 2 | $205m | 2 | 0 |
| Q2 2024 | 4 | $182m | 3 | 1 |
| Q3 2024 | 3 | $162m | 3 | 0 |
| Q4 2024 | 1 | $190m | 1 | 1 |
| Q1 2025 | 1 | $135m | 1 | 0 |
| Q2 2025 | 2 | $109m | 2 | 0 |
| Q3 2025 | 2 | $142m | 1 | 1 |
| Q4 2025 | 2 | $129m | 9 | 14 |
| Q1 2026 | 1 | $148m | 10 | 10 |
| Q2 2026 | 1 | $188m | 10 | 9 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
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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 ZD, latest filings →Back to the 13F Explorer →