FWONA
Formula One Group · Communication Services · Entertainment
Momentum inputs (comparable managers):
holder breadth -5.6% ·
share flow -30.0% ·
net new positions -5.9%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 151 | +4 | 142.72M | $13.29B | +9 | −4 |
| Q1 2026 | 149 | -7 | 142.92M | $11.88B | +3 | −11 |
| Q4 2025 | 155 | -3 | 164.42M | $15.84B | +2 | −4 |
| Q3 2025 | 26 | +2 | 128.29M | $12.99B | +2 | −1 |
| Q2 2025 | 22 | +1 | 117.50M | $11.29B | +1 | — |
| Q1 2025 | 18 | 0 | 58.85M | $4.62B | — | — |
| Q4 2024 | 18 | 0 | 59.89M | $4.80B | — | — |
| Q3 2024 | 17 | -1 | 54.51M | $3.46B | +1 | −2 |
| Q2 2024 | 18 | — | 180.96M | $5.53B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Berkshire Hathaway ✦ | 23.63M | -81.7% | $1.41B | 0.5% | ▼ Trim | 2 | SEC ↗ ×13 |
| 2 | Wellington Management ✦ | 4.97M | +59.5% | $384.67M | 0.1% | ▲ Add | 2 | SEC ↗ ×4 |
| 3 | Geode Capital Management ✦ (passive) | 5.10M | -40.4% | $360.98M | 0.0% | ▼ Trim | 2 | SEC ↗ ×8 |
| 4 | Norges Bank ✦ (passive) | 3.81M | -41.2% | $266.92M | 0.0% | ▼ Trim | 2 | SEC ↗ ×4 |
| 5 | D. E. Shaw & Co. ✦ | 3.97M | -24.8% | $241.01M | 0.3% | ▼ Trim | 2 | SEC ↗ ×11 |
| 6 | ValueAct Capital ✦ | 4.02M | New | $203.83M | 2.5% | New | 1 | SEC ↗ ×4 |
| 7 | Tiger Global Management ✦ | 2.46M | +3.9% | $190.25M | 0.8% | ▲ Add | 2 | SEC ↗ |
| 8 | T. Rowe Price ✦ | 1.53M | +9.0% | $117.28M | 0.0% | ▲ Add | 2 | SEC ↗ ×5 |
| 9 | Point72 Asset Management ✦ | 2.18M | +15.4% | $108.81M | 0.4% | ▲ Add | 2 | SEC ↗ ×4 |
| 10 | Renaissance Technologies ✦ | 862.82K | +16.6% | $63.17M | 0.1% | ▲ Add | 2 | SEC ↗ ×3 |
| 11 | Millennium Management ✦ | 581.73K | -92.0% | $31.39M | 0.0% | ▼ Trim | 2 | SEC ↗ ×4 |
| 12 | Marshall Wace ✦ | 305.18K | +58.1% | $23.19M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 13 | Arrowstreet Capital ✦ | 416.26K | -81.7% | $21.13M | 0.0% | ▼ Trim | 2 | SEC ↗ ×2 |
| 14 | GAMCO Investors ✦ | 294.84K | -58.9% | $19.34M | 0.2% | ▼ Trim | 2 | SEC ↗ ×4 |
| 15 | Adage Capital Partners ✦ | 338.39K | -86.2% | $17.37M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 16 | Citadel Advisors ✦ | 32.46K | -99.5% | $2.40M | 0.0% | ▼ Trim | 2 | SEC ↗ ×3 |
| 17 | AQR Capital Management ✦ | 35.05K | -97.7% | $2.21M | 0.0% | ▼ Trim | 2 | SEC ↗ ×10 |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| ValueAct Capital | $203.83M | 2.5% |
Exited
| Baupost Group | $36.75M | was 1.0% |
| Fisher Asset Management | $3,400 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 3 holders, 109.12K shares, $9.28M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.