Vault-13

N/A

0 · CUSIP 000000000

103 institutional holders +6 vs Q2 2025
401,850,621401.9m shares reported held*
$8.4bnreported value*
18 new 2 added 3 reduced 6 sold out net bought ≈ $173.7m (-7.4m 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 ≈ $20.89. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q3 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: 97Q3 25: 103103Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025103

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 18 bought or addedQ4 23: 8 cut or sold outQ1 24: 30 bought or addedQ1 24: 3 cut or sold outQ1 24Q2 24: 23 bought or addedQ2 24: 6 cut or sold outQ3 24: 23 bought or addedQ3 24: 8 cut or sold outQ3 24Q4 24: 27 bought or addedQ4 24: 3 cut or sold outQ1 25: 17 bought or addedQ1 25: 9 cut or sold outQ1 25Q2 25: 27 bought or addedQ2 25: 9 cut or sold outQ3 25: 20 bought or addedQ3 25: 9 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023188
Q1 2024303
Q2 2024236
Q3 2024238
Q4 2024273
Q1 2025179
Q2 2025279
Q3 2025209

Biggest buyers

WGI DM, LLC Added +3,225,267+3.2m
Douglas Lane & Associates, LLC New +1,498,905+1.5m
Codex Capital Asset Management L.L.C. Added +7,000+7.0k
Summit Rock Advisors, LP New +00
Summit X, LLC New +00
Newlight Partners LP New +00
Nebula Research & Development LLC New +00
Cota Capital Management, LLC New +00
DOHJ, LLC New +00
THOMAS H LEE PARTNERS LP New +00

Biggest sellers

Westwood Global Investments, LLC Reduced -6,270,434-6.3m
ORBIMED ADVISORS LLC Reduced -5,837,874-5.8m
Strategic Investment Solutions, Inc. /IL Reduced -127-127
SQN Investors LP Sold out +00
Altium Capital Management LLC Sold out +00
One68 Global Capital, LLC Sold out +00
AFBI LP Sold out +00
Ritter Alpha, LP Sold out +00
Newport Asia LLC 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Westwood Global Investments, LLC 50.00% of their portfolio BOSTON, MA 200,333,763200.3m $2.0bn $2.0bn 50.00% Reduced -6.3m -6,270,434
2 Exor N.V. 84.16% of their portfolio Amsterdam, P7 182,543,970182.5m $5.0bn $5.0bn 84.16% Unchanged
3 WGI DM, LLC 50.00% of their portfolio BOSTON, MA 11,191,14711.2m $1.3bn $1.3bn 50.00% Added +3.2m +3,225,267
4 ORBIMED ADVISORS LLC 0.30% of their portfolio New York, NY 6,210,8996.2m $12.5m $12.5m 0.30% Reduced -5.8m -5,837,874
5 Douglas Lane & Associates, LLC 0.72% of their portfolio NEW YORK, NY 1,498,9051.5m $51.5m $51.5m 0.72% New
6 Pensionfund Sabic 0.76% of their portfolio SITTARD, P7 39,90839.9k $2.8m $2.8m 0.76% Unchanged
7 Codex Capital Asset Management L.L.C. 2.50% of their portfolio DALLAS, TX 26,00026.0k $6.6m $6.6m 2.50% Added +7.0k +7,000
8 Somerset Group LLC 0.19% of their portfolio WAYZATA, MN 5,9345.9k $234.5k $234.5k 0.19% Unchanged
9 Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio ORLAND PARK, IL 9595 $0 $0 0.00% Reduced -127 -127
10 SVB FINANCIAL GROUP — of their portfolio Dallas, TX 00 $0 $0 — Unchanged
11 KEYSTONE GROUP, L.P. — of their portfolio FORT WORTH, TX 00 $0 $0 — Unchanged
12 KOCH INDUSTRIES LLC — of their portfolio WICHITA, KS 00 $0 $0 — Unchanged
13 BASS LEE M /TX/ — of their portfolio FORT WORTH, TX 00 $0 $0 — Unchanged
14 GENRE PARTNERS L P — of their portfolio FORT WORTH, TX 00 $0 $0 — Unchanged
15 OBERNDORF WILLIAM E 0.00% of their portfolio San Francisco, CA 00 $0 $0 0.00% Unchanged
16 TYNDALL CAPITAL PARTNERS L P — of their portfolio NEW YORK, NY 00 $0 $0 — Not comparable
17 BASS SID R — of their portfolio FORT WORTH, TX 00 $0 $0 — Unchanged
18 THOMAS H LEE PARTNERS LP — of their portfolio BOSTON, MA 00 $0 $0 — New
19 GRAND JEAN CAPITAL MANAGEMENT INC — of their portfolio San Francisco, CA 00 $0 $0 — Unchanged
20 Genesis Investment Management, LLP — of their portfolio London, X0 00 $0 $0 — Unchanged
21 Strategic Value Partners, LLC — of their portfolio Greenwich, CT 00 $0 $0 — New
22 NORGES BANK — of their portfolio OSLO, Q8 00 $0 $0 — New
23 SC XII MANAGEMENT LLC — of their portfolio Menlo Park, CA 00 $0 $0 — Unchanged
24 CVentures, Inc. — of their portfolio GREENWOOD VLG, CO 00 $0 $0 — Unchanged
25 Hartz Capital, Inc. — of their portfolio SECAUCUS, NJ 00 $0 $0 — Unchanged
26 Cutter & CO Brokerage, Inc. — of their portfolio Ballwin, MO 00 $0 $0 — Unchanged
27 NNS Holding — of their portfolio CAMANA BAY, GRAND CAYMAN, E9 00 $0 $0 — Unchanged
28 Ridgeback Capital Investments L.P. — of their portfolio MIAMI BEACH, FL 00 $0 $0 — Unchanged
29 WMS Partners, LLC — of their portfolio TOWSON, MD 00 $0 $0 — Unchanged
30 Chieftain Capital Management, Inc. — of their portfolio New York, NY 00 $0 $0 — Unchanged
31 Greenstone Partners, L.P. — of their portfolio LARKSPUR, CA 00 $0 $0 — First filing
32 Schreiber John — of their portfolio LAKE FOREST, IL 00 $0 $0 — Unchanged
33 Marquard & Bahls AG — of their portfolio Hamburg, 2M 00 $0 $0 — Unchanged
34 V3 Capital Management, L.P. — of their portfolio DALLAS, TX 00 $0 $0 — Unchanged
35 GLADE BROOK CAPITAL PARTNERS LLC — of their portfolio GREENWICH, CT 00 $0 $0 — Unchanged
36 XR Securities LLC — of their portfolio CHICAGO, IL 00 $0 $0 — Unchanged
37 OAK HILL CAPITAL MANAGEMENT, LLC — of their portfolio New York, NY 00 $0 $0 — Unchanged
38 Summit Rock Advisors, LP — of their portfolio New York, NY 00 $0 $0 — New
39 Unicom Capital LLC — of their portfolio Denver, CO 00 $0 $0 — Unchanged
40 RCF Management L.L.C. — of their portfolio Denver, CO 00 $0 $0 — Unchanged
41 EnCap Energy Capital Fund IX, L.P. — of their portfolio Houston, TX 00 $0 $0 — Unchanged
42 INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGV — of their portfolio BONN, 2M 00 $0 $0 — Unchanged
43 Aveo Capital Partners, LLC — of their portfolio ENGLEWOOD, CO 00 $0 $0 — Unchanged
44 Aquilo Capital Management, LLC — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — Unchanged
45 CROSBY Co OF NEW HAMPSHIRE LLC — of their portfolio SALEM, NH 00 $0 $0 — Unchanged
46 MARLIN SAMS CAPITAL MANAGEMENT LLC — of their portfolio New York, NY 00 $0 $0 — Unchanged
47 Founders Fund IV Management, LLC — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — Unchanged
48 Pillar Wealth Advisors, LLC — of their portfolio WESTTOWN, PA 00 $0 $0 — Unchanged
49 Harbor Spring Capital, LLC — of their portfolio NEW YORK, NY 00 $0 $0 — Unchanged
50 53 HOUSE LLP — of their portfolio LONDON, X0 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 Summit X, LLC — of their portfolio CHESTERFIELD, MO 00 $0 $0 — New
55 Bass Edward P — of their portfolio FORT WORTH, TX 00 $0 $0 — Unchanged
56 Pearl River Capital, LLC — of their portfolio Niles, MI 00 $0 $0 — Unchanged
57 Albar Capital Ltd — of their portfolio LONDON, X0 00 $0 $0 — Unchanged
58 DUALITY ADVISERS, LP — of their portfolio MIAMI, FL 00 $0 $0 — Unchanged
59 COWBIRD CAPITAL LP — of their portfolio New York, NY 00 $0 $0 — Unchanged
60 Yarra Square Partners LP — of their portfolio NEW YORK, NY 00 $0 $0 — Unchanged
61 Tarsadia Capital, LLC — of their portfolio New York, NY 00 $0 $0 — Unchanged
62 Newlight Partners LP — of their portfolio NEW YORK, NY 00 $0 $0 — New
63 Builders Vision, LLC — of their portfolio Chicago, IL 00 $0 $0 — Unchanged
64 Nebula Research & Development LLC — of their portfolio New York, NY 00 $0 $0 — New
65 NNS Investments (Cyprus) Ltd — of their portfolio LIMASSOL, G4 00 $0 $0 — Unchanged
66 Cota Capital Management, LLC — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — New
67 DOHJ, LLC — of their portfolio SEATTLE, WA 00 $0 $0 — New
68 Old Well Partners, LLC — of their portfolio CHARLOTTE, NC 00 $0 $0 — Unchanged
69 University of Massachusetts Foundation, Inc. — of their portfolio NEWTON, MA 00 $0 $0 — New
70 CAROLINAS WEALTH CONSULTING LLC — of their portfolio CHARLOTTE, NC 00 $0 $0 — Unchanged
71 Anthracite Investment Company, Inc. — of their portfolio FORT WORTH, TX 00 $0 $0 — New
72 Vesa Equity Investment S.a r.l. — of their portfolio LUXEMBOURG, N4 00 $0 $0 — New
73 1623 Capital LLC — of their portfolio ALEXANDRIA, VA 00 $0 $0 — Unchanged
74 REVOLUTION GROWTH MANAGEMENT COMPANY, INC. — of their portfolio WASHINGTON, DC 00 $0 $0 — Unchanged
75 INCLUSIVE CAPITAL PARTNERS, L.P. — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — Unchanged
76 Carmenna Advisors LLC — of their portfolio MIAMI BEACH, FL 00 $0 $0 — Unchanged
77 Exos Asset Management LLC — of their portfolio NEW YORK, NY 00 $0 $0 — Unchanged
78 GPI CAPITAL, L.P. — of their portfolio NEW YORK, NY 00 $0 $0 — New
79 Northwoods Investments LLC — of their portfolio DOVER, DE 00 $0 $0 — Unchanged
80 Founders Fund III Management, LLC — of their portfolio SAN FRANCISCO, CA 00 $0 $0 — Unchanged
81 ALTOS VENTURES MANAGEMENT, INC. — of their portfolio Burlingame, CA 00 $0 $0 — New
82 Clear Sky Carbon Solutions Investment Management, LLC — of their portfolio BELLAIRE, TX 00 $0 $0 — Unchanged
83 H&F Corporate Investors X, Ltd. — of their portfolio San Francisco, CA 00 $0 $0 — Unchanged
84 VeriStar Capital Management LP — of their portfolio NEW YORK, NY 00 $0 $0 — Unchanged
85 Von Berge Wealth Management Group, LLC — of their portfolio SAN DIEGO, CA 00 $0 $0 — New
86 Springhill Fund Asset Management (HK) Co Ltd — of their portfolio HONG KONG, K3 00 $0 $0 — Unchanged
87 CENTRAL BANK OF BRAZIL — of their portfolio BRASILIA DF, D5 00 $0 $0 — First filing
88 DECADE RENEWABLE PARTNERS LP — of their portfolio HOUSTON, TX 00 $0 $0 — New
89 Decas Capital LLC — of their portfolio CHARLOTTESVILLE, VA 00 $0 $0 — Unchanged
90 El Puerto de Liverpool, S.A.B. de C.V. — of their portfolio Cuajimalpa, Ciudad de Mexico, O5 00 $0 $0 — Unchanged
91 Point72 Middle East FZE — of their portfolio DUBAI, C0 00 $0 $0 — Unchanged
92 Social Capital Group LLC — of their portfolio MENLO PARK, CA 00 $0 $0 — Unchanged
93 Stillwater LLC — of their portfolio GREENWICH, CT 00 $0 $0 — Unchanged
94 FOUNDRY GROUP NEXT, LLC — of their portfolio BOULDER, CO 00 $0 $0 — Unchanged
95 Allostery Investments LP — of their portfolio Stamford, CT 00 $0 $0 — New
96 Council Ring Capital, LLC — of their portfolio Northbrook, IL 00 $0 $0 — Unchanged
97 Schreiber Kathleen — of their portfolio LAKE FOREST, IL 00 $0 $0 — Unchanged
98 nVerses Capital, LLC — of their portfolio WELLINGTON, FL 00 $0 $0 — Unchanged
99 Lindenstone AG — of their portfolio Hamburg, 2M 00 $0 $0 — Unchanged
100 Galaxy Digital Capital Management LP — of their portfolio New York, NY 00 $0 $0 — Unchanged