Vault-13

N/A

0 · CUSIP 000000000

97 institutional holders +14 vs Q1 2025
409,227,884409.2m shares reported held*
$7.2bnreported value*
24 new 3 added 1 reduced 8 sold out net bought ≈ $287.1m (+15.5m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $17.65. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 101Q4 22: 91Q1 23: 92Q2 23: 97Q3 23: 105Q4 23: 67Q1 24: 78Q2 24: 82Q3 24: 97Q4 24: 91Q1 25: 83Q2 25: 9797Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022101
Q4 202291
Q1 202392
Q2 202397
Q3 2023105
Q4 202367
Q1 202478
Q2 202482
Q3 202497
Q4 202491
Q1 202583
Q2 202597

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 23: 20 bought or addedQ3 23: 6 cut or sold outQ4 23: 18 bought or addedQ4 23: 8 cut or sold outQ4 23Q1 24: 30 bought or addedQ1 24: 3 cut or sold outQ2 24: 23 bought or addedQ2 24: 6 cut or sold outQ2 24Q3 24: 23 bought or addedQ3 24: 8 cut or sold outQ4 24: 27 bought or addedQ4 24: 3 cut or sold outQ4 24Q1 25: 17 bought or addedQ1 25: 9 cut or sold outQ2 25: 27 bought or addedQ2 25: 9 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023206
Q4 2023188
Q1 2024303
Q2 2024236
Q3 2024238
Q4 2024273
Q1 2025179
Q2 2025279

Biggest buyers

Exor N.V. Added +9,764,450+9.8m
Westwood Global Investments, LLC Added +3,919,575+3.9m
WGI DM, LLC Added +2,055,803+2.1m
Yorktown Energy Partners VIII, L.P. New +00
RCF Management L.L.C. New +00
Aveo Capital Partners, LLC New +00
West Coast Financial LLC New +00
Aquilo Capital Management, LLC New +00
Newport Asia LLC New +00
RP Management, LLC New +00

Biggest sellers

Accredited Wealth Management, LLC Sold out -239,473-239.5k
Pensionfund Sabic Reduced -4,500-4.5k
FACTORIAL MANAGEMENT Ltd Sold out +00
NORGES BANK Sold out +00
Covalis (Gibraltar) Ltd Sold out +00
RK Capital Management, LLC/FL Sold out +00
Stonepeak GP Investors Holdings Manager LLC Sold out +00
QVR LLC Sold out +00
Pharo Management, Inc. Sold out +00

Biggest calls

None

Biggest puts

Provida Pension Fund Administrator Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Westwood Global Investments, LLC 50.00% of their portfolio BOSTON, MA 206,604,197206.6m $1.9bn $1.9bn 50.00% Added +3.9m +3,919,575
2 Exor N.V. 93.80% of their portfolio Amsterdam, P7 182,543,970182.5m $4.4bn $4.4bn 93.80% Added +9.8m +9,764,450
3 ORBIMED ADVISORS LLC 0.33% of their portfolio New York, NY 12,048,77312.0m $13.1m $13.1m 0.33% Unchanged
4 WGI DM, LLC 50.00% of their portfolio BOSTON, MA 7,965,8808.0m $968.6m $968.6m 50.00% Added +2.1m +2,055,803
5 Pensionfund Sabic 0.80% of their portfolio SITTARD, P7 39,90839.9k $2.8m $2.8m 0.80% Reduced -4.5k -4,500
6 Codex Capital Asset Management L.L.C. 1.88% of their portfolio DALLAS, TX 19,00019.0k $4.7m $4.7m 1.88% Unchanged
7 Somerset Group LLC 0.22% of their portfolio WAYZATA, MN 5,9345.9k $262.5k $262.5k 0.22% Unchanged
8 Strategic Investment Solutions, Inc. /IL 0.01% of their portfolio ORLAND PARK, IL 222222 $27.7k $27.7k 0.01% Unchanged
9 SVB FINANCIAL GROUP — of their portfolio Dallas, TX 00 $0 $0 — Unchanged
10 KEYSTONE GROUP, L.P. — of their portfolio FORT WORTH, TX 00 $0 $0 — Unchanged
11 KOCH INDUSTRIES LLC — of their portfolio WICHITA, KS 00 $0 $0 — Unchanged
12 BASS LEE M /TX/ — of their portfolio FORT WORTH, TX 00 $0 $0 — Unchanged
13 GENRE PARTNERS L P — of their portfolio FORT WORTH, TX 00 $0 $0 — Unchanged
14 Spinnaker Capital LTD — of their portfolio LONDON, X0 00 $0 $0 — Unchanged
15 OBERNDORF WILLIAM E 0.00% of their portfolio San Francisco, CA 00 $0 $0 0.00% Unchanged
16 BASS SID R — of their portfolio FORT WORTH, TX 00 $0 $0 — Unchanged
17 GRAND JEAN CAPITAL MANAGEMENT INC — of their portfolio San Francisco, CA 00 $0 $0 — Unchanged
18 Genesis Investment Management, LLP — of their portfolio London, X0 00 $0 $0 — Unchanged
19 SC XII MANAGEMENT LLC — of their portfolio Menlo Park, CA 00 $0 $0 — Unchanged
20 CVentures, Inc. — of their portfolio GREENWOOD VLG, CO 00 $0 $0 — Unchanged
21 Hartz Capital, Inc. — of their portfolio SECAUCUS, NJ 00 $0 $0 — Unchanged
22 Cutter & CO Brokerage, Inc. — of their portfolio Ballwin, MO 00 $0 $0 — New
23 NNS Holding — of their portfolio CAMANA BAY, GRAND CAYMAN, E9 00 $0 $0 — Unchanged
24 Ridgeback Capital Investments L.P. — of their portfolio MIAMI BEACH, FL 00 $0 $0 — Unchanged
25 Yorktown Energy Partners VIII, L.P. — of their portfolio New York, NY 00 $0 $0 — New
26 WMS Partners, LLC — of their portfolio TOWSON, MD 00 $0 $0 — Unchanged
27 Chieftain Capital Management, Inc. — of their portfolio New York, NY 00 $0 $0 — Unchanged
28 Schreiber John — of their portfolio LAKE FOREST, IL 00 $0 $0 — Unchanged
29 RP Management, LLC — of their portfolio New York, NY 00 $0 $0 — New
30 West Coast Financial LLC — of their portfolio SANTA BARBARA, CA 00 $0 $0 — New
31 Cohanzick Management, LLC — of their portfolio Pleasantville, NY 00 $0 $0 — Unchanged
32 Marquard & Bahls AG — of their portfolio Hamburg, 2M 00 $0 $0 — Unchanged
33 V3 Capital Management, L.P. — of their portfolio DALLAS, TX 00 $0 $0 — Unchanged
34 GLADE BROOK CAPITAL PARTNERS LLC — of their portfolio GREENWICH, CT 00 $0 $0 — Unchanged
35 XR Securities LLC — of their portfolio CHICAGO, IL 00 $0 $0 — Unchanged
36 OAK HILL CAPITAL MANAGEMENT, LLC — of their portfolio New York, NY 00 $0 $0 — Unchanged
37 Unicom Capital LLC — of their portfolio Denver, CO 00 $0 $0 — Unchanged
38 RCF Management L.L.C. — of their portfolio Denver, CO 00 $0 $0 — New
39 EnCap Energy Capital Fund IX, L.P. — of their portfolio Houston, TX 00 $0 $0 — Unchanged
40 INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGV — of their portfolio BONN, 2M 00 $0 $0 — Unchanged
41 Aveo Capital Partners, LLC — of their portfolio ENGLEWOOD, CO 00 $0 $0 — New
42 Aquilo Capital Management, LLC — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — New
43 CROSBY Co OF NEW HAMPSHIRE LLC — of their portfolio SALEM, NH 00 $0 $0 — Unchanged
44 Newport Asia LLC — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — New
45 MARLIN SAMS CAPITAL MANAGEMENT LLC — of their portfolio New York, NY 00 $0 $0 — Unchanged
46 Founders Fund IV Management, LLC — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — Unchanged
47 Pillar Wealth Advisors, LLC — of their portfolio WESTTOWN, PA 00 $0 $0 — Unchanged
48 Harbor Spring Capital, LLC — of their portfolio NEW YORK, NY 00 $0 $0 — Unchanged
49 53 HOUSE LLP — of their portfolio LONDON, X0 00 $0 $0 — New
50 SQN Investors LP — of their portfolio Menlo Park, CA 00 $0 $0 — Unchanged
51 Asia Research & Capital Management Ltd — of their portfolio HONG KONG, K3 00 $0 $0 — Unchanged
52 G.F.W. Energy XI, L.P. — of their portfolio DALLAS, TX 00 $0 $0 — Unchanged
53 Founders Fund II Management, LLC — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — Unchanged
54 Bass Edward P — of their portfolio FORT WORTH, TX 00 $0 $0 — Unchanged
55 Pearl River Capital, LLC — of their portfolio Niles, MI 00 $0 $0 — Unchanged
56 Albar Capital Ltd — of their portfolio LONDON, X0 00 $0 $0 — Unchanged
57 DUALITY ADVISERS, LP — of their portfolio MIAMI, FL 00 $0 $0 — Unchanged
58 Altium Capital Management LLC — of their portfolio NEW YORK, NY 00 $0 $0 — New
59 One68 Global Capital, LLC — of their portfolio NEW YORK, NY 00 $0 $0 — New
60 COWBIRD CAPITAL LP — of their portfolio New York, NY 00 $0 $0 — Unchanged
61 Yarra Square Partners LP — of their portfolio NEW YORK, NY 00 $0 $0 — Unchanged
62 Tarsadia Capital, LLC — of their portfolio New York, NY 00 $0 $0 — Not comparable
63 Builders Vision, LLC — of their portfolio Chicago, IL 00 $0 $0 — Unchanged
64 NNS Investments (Cyprus) Ltd — of their portfolio LIMASSOL, G4 00 $0 $0 — Unchanged
65 Old Well Partners, LLC — of their portfolio CHARLOTTE, NC 00 $0 $0 — New
66 CAROLINAS WEALTH CONSULTING LLC — of their portfolio CHARLOTTE, NC 00 $0 $0 — New
67 1623 Capital LLC — of their portfolio ALEXANDRIA, VA 00 $0 $0 — Unchanged
68 REVOLUTION GROWTH MANAGEMENT COMPANY, INC. — of their portfolio WASHINGTON, DC 00 $0 $0 — New
69 INCLUSIVE CAPITAL PARTNERS, L.P. — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — Unchanged
70 Carmenna Advisors LLC — of their portfolio MIAMI BEACH, FL 00 $0 $0 — Unchanged
71 Exos Asset Management LLC — of their portfolio NEW YORK, NY 00 $0 $0 — New
72 Northwoods Investments LLC — of their portfolio DOVER, DE 00 $0 $0 — Unchanged
73 Founders Fund III Management, LLC — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — Unchanged
74 AFBI LP — of their portfolio MIAMI BEACH, FL 00 $0 $0 — New
75 Clear Sky Carbon Solutions Investment Management, LLC — of their portfolio BELLAIRE, TX 00 $0 $0 — Unchanged
76 H&F Corporate Investors X, Ltd. — of their portfolio San Francisco, CA 00 $0 $0 — Unchanged
77 VeriStar Capital Management LP — of their portfolio NEW YORK, NY 00 $0 $0 — New
78 Cook Wealth, LLC — of their portfolio RALEIGH, NC 00 $0 $0 — New
79 Ritter Alpha, LP — of their portfolio NEW YORK, NY 00 $0 $0 — First filing
80 Southern Style Financial, Inc. — of their portfolio SAN DIEGO, CA 00 $0 $0 — First filing
81 Springhill Fund Asset Management (HK) Co Ltd — of their portfolio HONG KONG, K3 00 $0 $0 — New
82 Decas Capital LLC — of their portfolio CHARLOTTESVILLE, VA 00 $0 $0 — Unchanged
83 El Puerto de Liverpool, S.A.B. de C.V. — of their portfolio Cuajimalpa, Ciudad de Mexico, O5 00 $0 $0 — New
84 Point72 Middle East FZE — of their portfolio DUBAI, C0 00 $0 $0 — Unchanged
85 Social Capital Group LLC — of their portfolio MENLO PARK, CA 00 $0 $0 — Unchanged
86 Stillwater LLC — of their portfolio GREENWICH, CT 00 $0 $0 — Unchanged
87 FOUNDRY GROUP NEXT, LLC — of their portfolio BOULDER, CO 00 $0 $0 — New
88 Cutter Capital Management, LP — of their portfolio NEW YORK, NY 00 $0 $0 — New
89 Council Ring Capital, LLC — of their portfolio Northbrook, IL 00 $0 $0 — Unchanged
90 Schreiber Kathleen — of their portfolio LAKE FOREST, IL 00 $0 $0 — Unchanged
91 nVerses Capital, LLC — of their portfolio WELLINGTON, FL 00 $0 $0 — Unchanged
92 Lindenstone AG — of their portfolio Hamburg, 2M 00 $0 $0 — Unchanged
93 Galaxy Digital Capital Management LP — of their portfolio New York, NY 00 $0 $0 — New
94 Pamalican Asset Management Ltd — of their portfolio HONG KONG, K3 00 $0 $0 — New
95 SHCP, LLC — of their portfolio CINCINNATI, OH 00 $0 $0 — Unchanged
96 Frist Capital, LLC — of their portfolio NASHVILLE, TN 00 $0 $0 — Unchanged
97 Premier Wealth Management W.L.L. — of their portfolio MANAMA, C6 00 $0 $0 — Unchanged