PANL
name pending profile ingest
Momentum inputs (comparable managers):
holder breadth +14.3% ·
share flow -1.9% ·
net new positions +12.5%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 66 | -1 | 17.94M | $116.73M | +6 | −7 |
| Q1 2026 | 69 | +12 | 16.60M | $117.44M | +14 | −2 |
| Q4 2025 | 57 | +2 | 12.41M | $85.38M | +2 | — |
| Q3 2025 | 16 | +2 | 7.12M | $36.15M | +2 | — |
| Q2 2025 | 11 | -3 | 6.84M | $32.17M | +1 | −4 |
| Q1 2025 | 11 | +1 | 4.03M | $19.17M | +1 | — |
| Q4 2024 | 10 | -1 | 4.10M | $22.00M | +1 | −2 |
| Q3 2024 | 10 | 0 | 3.76M | $27.21M | — | — |
| Q2 2024 | 10 | — | 4.31M | $33.76M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 2.38M | -5.8% | $12.08M | 0.0% | ▼ Trim | 2 | SEC ↗ ×6 |
| 2 | Wellington Management ✦ | 1.46M | 0.0% | $7.39M | 0.0% | Held | 6 | SEC ↗ ×2 |
| 3 | Geode Capital Management ✦ (passive) | 794.32K | -2.4% | $4.04M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 4 | The Vanguard Group ✦ (passive) | 709.20K | 0.0% | $3.60M | 0.0% | ▼ Trim | 2 | SEC ↗ ×3 |
| 5 | Renaissance Technologies ✦ | 619.74K | +4.3% | $3.15M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 6 | State Street Global Advisors ✦ (passive) | 619.12K | -1.4% | $3.15M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 7 | Goldman Sachs Group ✦ | 258.48K | — | $1.31M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 8 | Morgan Stanley ✦ | 130.37K | — | $662,280 | 0.0% | n/c | 1 | SEC ↗ ×6 |
| 9 | T. Rowe Price ✦ | 35.47K | 0.0% | $181,000 | 0.0% | Held | 6 | SEC ↗ |
| 10 | JPMorgan Chase ✦ | 24.02K | — | $122,042 | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 11 | Millennium Management ✦ | 22.55K | -49.8% | $114,544 | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 12 | AQR Capital Management ✦ | 20.15K | +11.7% | $102,346 | 0.0% | ▲ Add | 3 | SEC ↗ ×5 |
| 13 | D. E. Shaw & Co. ✦ | 17.02K | New | $86,462 | 0.0% | New | 1 | SEC ↗ |
| 14 | Citadel Advisors ✦ | 13.78K | -0.5% | $70,002 | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 15 | Two Sigma Investments ✦ | 12.45K | New | $63,251 | 0.0% | New | 1 | SEC ↗ |
| 16 | Fidelity (FMR) ✦ | 5.02K | +28.1% | $25,480 | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| D. E. Shaw & Co. | $86,462 | 0.0% |
| Two Sigma Investments | $63,251 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 145 holders, 26.82M shares, $182.13M 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.