Financial services
An L3VLUP-defined theme, not a standard classification
Definition
Banks, insurers, brokers, exchanges, lenders and asset managers, plus the payment networks, processors and ratings and index providers filed under service codes. Managed-care plans are not in it.
This is our own definition. It takes SIC 6020 to 6036, 6111 to 6299, 6311 to 6323, 6325 to 6411, plus these named companies: FDS, FIS, GPN, MA, MCO, MSCI, PYPL, SPGI, V, XYZ. A stock may sit in several themes.
Q2 2026 against Q1 2026
- Reported value
- $1,213bn
- +$93.0bn on the quarter before
- Managers listing any
- 87
- +0 on the quarter before
- Stocks listed
- 449
- +2 on the quarter before
- Buyers
- 5,944
- manager-stock pairs opening or adding
- Sellers
- 5,506
- manager-stock pairs trimming or exiting
value over 8 quartersNet buying actions by quarter: +244 · +314 · +549 · +688 · +474 · +217 · +530 · +438
See it in the heatmap, ranked by breadth →
Managers listing any counts distinct comparable managers. Buyers and sellers count actions by comparable managers, once for each stock a manager moved in. Value moves with prices as well as with buying.
Largest stocks (453 in all)
By combined reported value at Q2 2026. Holders are at least counts, among listed positions.
| Stock | Holders | Value | Buyers | Sellers | Holders, 8 quarters |
|---|---|---|---|---|---|
| VVisa Inc | 57 | $82.0bn | 31 | 28 | |
| AXPAmerican Express Co | 42 | $65.9bn | 15 | 26 | |
| BACBank of Amer Corp | 44 | $65.2bn | 19 | 29 | |
| MAMastercard Incorporated | 47 | $58.4bn | 24 | 29 | |
| JPMJPMorgan Chase & Co | 47 | $54.9bn | 20 | 26 | |
| WFCWells Fargo & Co | 45 | $38.5bn | 31 | 14 | |
| CBChubb Limited | 40 | $32.8bn | 18 | 20 | |
| SCHWCharles Schwab Corp (the) | 43 | $30.2bn | 28 | 20 | |
| BRK-BBerkshire Hathaway Inc Del | 47 | $28.9bn | 22 | 21 | |
| MSMorgan Stanley | 37 | $25.8bn | 17 | 24 | |
| CCitigroup Inc | 42 | $25.5bn | 18 | 27 | |
| MCOMoodys Corp | 46 | $25.1bn | 21 | 20 | |
| PGRProgressive Corp | 33 | $23.3bn | 12 | 25 | |
| COFCapital One Finl Corp | 47 | $20.4bn | 32 | 18 | |
| GSGoldman Sachs Group Inc | 41 | $19.0bn | 22 | 23 | |
| BLKBlackrock Inc | 43 | $18.7bn | 26 | 18 | |
| MRSHMarsh & Mclennan Cos Inc | 40 | $18.1bn | 23 | 18 | |
| SPGIS&P Global Inc | 44 | $16.9bn | 23 | 23 | |
| AONAon PLC | 39 | $15.4bn | 20 | 22 | |
| BNYBank of Ny Mellon Corp | 40 | $14.9bn | 22 | 19 | |
| UBSUBS Group AG | 27 | $13.5bn | 11 | 21 | |
| PNCPNC Finl SVCS Group Inc | 37 | $12.0bn | 22 | 17 | |
| AJGGallagher Arthur J & Co | 32 | $12.0bn | 20 | 16 | |
| KKRKKR & Co Inc | 40 | $11.7bn | 15 | 30 | |
| ICEIntercontinental Exchange In | 42 | $11.5bn | 28 | 16 |
Managers holding its largest names
Across the 15 largest stocks above at Q2 2026: how many of them each manager lists, and their combined value. A manager can hold others below its listed range.
- Berkshire Hathaway Inc5 of 15 · $102bn
- Fidelity (FMR LLC)15 of 15 · $95.3bn
- T. Rowe Price Associates Inc15 of 15 · $66.4bn
- Capital World Investors13 of 15 · $40.3bn
- Capital Research Global Investors12 of 15 · $35.1bn
- Invesco Ltd15 of 15 · $31.5bn
- Wellington Management Group LLP13 of 15 · $27.7bn
- MFS Investment Management13 of 15 · $23.4bn
- AllianceBernstein LP14 of 15 · $17.3bn
- TCI Fund Management Ltd2 of 15 · $17.0bn
- Dodge & Cox11 of 15 · $13.8bn
- AQR Capital Management LLC15 of 15 · $10.0bn
- Janus Henderson Group Ltd11 of 15 · $8.8bn
- Neuberger Berman Group LLC15 of 15 · $8.4bn
- Harris Associates LP12 of 15 · $8.4bn
- Artisan Partners LP13 of 15 · $8.3bn
- Two Sigma Investments LP12 of 15 · $7.9bn
- D. E. Shaw & Co.13 of 15 · $7.7bn
- Arrowstreet Capital LP8 of 15 · $7.3bn
- Viking Global Investors LP6 of 15 · $4.7bn