13F filing season Q4 2025

Engraved harvest field, rows of bound sheaves being tallied beside a cart

Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025

8,836 of approximately 8,118 expected managers have filed for Q4 2025 (108.8%); “expected” = the prior season's filer count

9,08013F-HR reports

$68.16TΣ reported value

5.65MHoldings listedall filers · Q4 2025

245Amendments

1,957Notice filings

Jan 02First filed

Oct 30Latest filed

Σ value = cover-page totals as reported, across 9,078 of 9,080 reports parsed so far · a 13F-NT is a notice that the manager's positions appear on another filer's report (combined reporting)

13F-HR reports filed per day, all filers, with the 45-day statutory deadline marked. Bars are calendar days (weekends stay empty); the line traces the cumulative share of the season filed.

52.6% of reports arrived in the final week before the Feb 14 deadline

What the tracked universe did this season

+10,294New positions

−7,298Full exits

38,010Increased

32,892Reduced

58Comparable managers

Position-level changes across tracked managers with a comparable prior filing (the deep-parsed universe, not all filers). Buying in depth → · Selling in depth →

Street lamps in front of the glass facade of the SEC headquarters — Headquarters of the U.S. Securities and Exchange Commission, Washington, D.C., 2008. Photo: David (dbking on Flickr) · CC BY 2.0 · Wikimedia Commons · All photo credits

Most accumulated · most reduced

Most accumulated so far

Security	Δ holders	New	Holders
Q Qnity Electronics…	+26	+27	163
SOLS Solstice Advanced…	+23	+24	144
MDLN Medline Inc.	+21	+22	85
FRMI Fermi Inc. Common…	+20	+20	65
NP	+18	+19	43
ALH Alliance Laundry…	+18	+19	66
WLTH Wealthfront…	+17	+18	45
LLYVA Liberty Live Group	+17	+18	100

Most reduced so far

Security	Δ holders	Exits	Holders
SPNS	-19	−19	6
LNWO Light & Wonder, Inc.	-17	−18	9
WOW	-16	−16	4
IRBT	-14	−14	5
LAZRQ	-11	−11	4
ZK	-10	−10	3
ILLR	-9	−9	3
ADAPY	-6	−6	4

Tracked universe, comparable-manager sets.

Largest reported portfolios this season

#	Manager	Reported value	Positions	Filed
1	The Vanguard Group	$6.90T	17,686	Jan 29
2	BlackRock	$5.92T	50,216	Feb 12
3	State Street Global Advisors	$2.98T	4,288	Feb 13
4	Fidelity (FMR)	$1.96T	13,225	Feb 17
5	Morgan Stanley	$1.67T	45,420	Feb 13
6	Geode Capital Management	$1.62T	8,528	Feb 09
7	JPMorgan Chase	$1.59T	31,795	Feb 11
8	Bank Of America Corp /De/	$1.37T	28,105	Feb 17
9	Norges Bank	$934.76B	1,577	Feb 10
10	Susquehanna International Group, Llp	$868.03B	13,927	Feb 17
11	Goldman Sachs Group	$811.11B	13,034	Feb 10
12	Northern Trust Corp	$784.38B	20,753	Feb 17

Notable manager changes

01 JPMorgan Chase

Reported value -52.3% QoQ ($3.34T → $1.59T)

→

02 Point72 Asset Management

Reported value +49.6% QoQ ($59.76B → $89.42B)

→

03 Harris Associates (Oakmark)

Reported value +26.8% QoQ ($62.38B → $79.12B)

→

04 Soros Fund Management

Reported value +22.9% QoQ ($7.02B → $8.63B)

→

05 Norges Bank

+1560 new positions this quarter (1,577 total)

→

06 Citadel Advisors

+1347 new positions this quarter (15,403 total)

→

07 Marshall Wace

+691 new positions this quarter (6,074 total)

→

08 Altimeter Capital

Top-10 concentration 82% → 89% (+7.3pp)

→

09 Millennium Management

Top-10 concentration 15% → 21% (+5.7pp)

→

10 Bridgewater Associates

Top-10 concentration 33% → 36% (+3.8pp)

→

Screened from tracked managers with comparable prior filings: largest reported-value swings (≥$500M books), most new positions, and biggest concentration jumps. Value changes mix trading and market moves.

The amendments record

Manager	Type	Original filed	Amended	Value: original → amended
Neuberger Berman Group LLC	restatement	Feb 13	Oct 27	$134.34B → $134.40B (0.0%)	SEC ↗
East Coast Asset Management, LLC.	restatement	Feb 17	Oct 26	$340.04M → $629.85M (+85.2%)	SEC ↗
Blackstone Inc.	new holdings	Feb 17	Oct 09	$25.31B → $6.00B (-76.3%)	SEC ↗
Elm Partners Management LLC	restatement	Feb 10	Oct 07	$2.20B → $2.70B (+22.6%)	SEC ↗
Advus Financial Partners, LLC	restatement	n/a	Oct 02	totals pending parse	SEC ↗
OP Asset Management Ltd	restatement	Apr 21	Sep 28	$8.42B → $8.22B (-2.4%)	SEC ↗
Catalio Capital Management, LP	restatement	Feb 17	Sep 02	$565.79M → $565.79M (0.0%)	SEC ↗
Pandowealth. LLC	restatement	n/a	Aug 28	totals pending parse	SEC ↗
Cornerstone Financial Management LLC	restatement	Feb 13	Aug 28	$106.50M → $106.50M (0.0%)	SEC ↗
VELA Investment Management, LLC	restatement	Feb 02	Aug 27	$425.05M → $420.56M (-1.1%)	SEC ↗
Boston Research & Management Inc	new holdings	Feb 11	Aug 27	$433,688 → $439.93M (+101338.4%)	SEC ↗
Dakota Wealth Management	restatement	Jan 13	Aug 26	$5.64B → $5.64B (0.0%)	SEC ↗
Redwood Investment Management, LLC	restatement	Feb 17	Aug 26	$889,805 → $889,841 (0.0%)	SEC ↗
Whitebox Advisors Llc	new holdings	Feb 17	Aug 26	$7.05B → $142.02M (-98.0%)	SEC ↗
Advisors Asset Management, Inc.	new holdings	Feb 12	Aug 21	$5.96B → $115,056 (-100.0%)	SEC ↗

“restates entire filing” replaces the original table; “new holding entries” adds to it. Our analytics always use the latest accepted version; both filings stay in the record. How amendments work

The complete feed

By manager Every document

Showing 9,901–10,000 of 11,282 individual filing documents

Jan 21 Jefferson Bridge Capital, LLC

13F-HR · $99.33M reported · 54 holdings listed · SEC ↗

Q4 2025

Jan 21 Sensenig Capital Advisors, Inc

13F-HR · $98.41M reported · 33 holdings listed · SEC ↗

Q4 2025

Jan 21 ProCore Advisors, LLC

13F-HR · $97.52M reported · 91 holdings listed · SEC ↗

Q4 2025

Jan 21 Stapp Wealth Management, Pllc

13F-HR · $77.65M reported · 32 holdings listed · SEC ↗

Q4 2025

Jan 21 Lockerman Financial Group, Inc.

13F-HR · $52.13M reported · 96 holdings listed · SEC ↗

Q4 2025

Jan 21 Towarzystwo Funduszy Inwestycyjnych Allianz Polska…

13F-HR · $47.00M reported · 37 holdings listed · SEC ↗

Q4 2025

Jan 21 Kawa Capital Management, Inc

13F-HR · $43.24M reported · 4 holdings listed · SEC ↗

Q4 2025

Jan 21 Rheos Capital Works Inc.

13F-HR · $1.56M reported · 67 holdings listed · SEC ↗

Q4 2025

Jan 21 Euro Pacific Asset Management, LLC

13F-HR/A · $900,883 reported · 93 holdings listed · SEC ↗

Q4 2025

Jan 21 Capital Advisors, Ltd. LLC

13F-HR · $886,721 reported · 1,536 holdings listed · SEC ↗

Q4 2025

Jan 21 Hunter Associates Investment Management Llc

13F-HR · $748,040 reported · 249 holdings listed · SEC ↗

Q4 2025

Jan 21 Physicians Financial Services, Inc.

13F-HR · $372,737 reported · 107 holdings listed · SEC ↗

Q4 2025

Jan 21 Seascape Capital Management

13F-HR · $351,777 reported · 91 holdings listed · SEC ↗

Q4 2025

Jan 21 Sivik Global Healthcare LLC

13F-HR · $344,611 reported · 49 holdings listed · SEC ↗

Q4 2025

Jan 21 Warner Financial, Inc

13F-HR · $288,062 reported · 132 holdings listed · SEC ↗

Q4 2025

Jan 21 AMS Capital Ltda

13F-HR · $258,475 reported · 14 holdings listed · SEC ↗

Q4 2025

Jan 21 Delphi Management Inc /Ma/

13F-HR · $102,688 reported · 76 holdings listed · SEC ↗

Q4 2025

Jan 21 Groesbeck Investment Management Corp /Nj/

13F-HR · $52,998 reported · 94 holdings listed · SEC ↗

Q4 2025

Jan 21 XR Securities LLC

13F-HR · value not stated on cover page · 1 holdings listed · SEC ↗

Q4 2025

Jan 21 Touchstone Capital, Inc.

13F-HR · value not stated on cover page · 1 holdings listed · SEC ↗

Q4 2025

Jan 21 Quilter Investors LTD