The Q2 2025 13F season
← Every quarter100 of the 101 managers we track have filed a Q2 2025 13F. Between them they opened 856 new positions and sold out of 714, across 2,461 names.
A 13F is due within 45 days of the quarter's end — 2025-08-14 for Q2 2025. Books still arrive for weeks after it; the numbers above cover the managers who have filed.
Each manager is compared against their OWN previous filed book, never the calendar's previous quarter — a manager who skipped a quarter would otherwise report every line they hold as new. 5 positions were reported under a different identifier than in the manager's previous book (an ADR line becoming an ordinary one, a CUSIP re-issue); they are counted as held, and as neither a new position nor an exit. 127 lines this quarter carry no ticker in the register; they are counted, and they cannot appear on the two name boards.
The biggest new positions
A name a manager reported holding this quarter and did not report in their own previous book. The value is the one the manager filed.
| Manager | Company | Reported value |
|---|---|---|
| Sanders Capital, LLC | ACN ACCENTURE PLC IRELAND | $2.6B |
| Berkshire Hathaway Inc | UNH UNITEDHEALTH GROUP INC | $1.6B |
| Sanders Capital, LLC | AMAT APPLIED MATLS INC | $1.4B |
| Pershing Square Capital Management, L.P. | AMZN AMAZON COM INC | $1.3B |
| GQG Partners LLC | KR KROGER CO | $886M |
| GQG Partners LLC | XEL XCEL ENERGY INC | $851M |
| COATUE MANAGEMENT LLC | ORCL ORACLE CORP | $843M |
| First Eagle Investment Management, LLC | B BARRICK MNG CORP | $822M |
| BAILLIE GIFFORD & CO | TEM TEMPUS AI INC | $768M |
| Dodge & Cox | TDY TELEDYNE TECHNOLOGIES INC | $767M |
Free: the top 10 of 856 · Pro: every new position in the quarter.
The biggest exits
A name in a manager's previous book that is absent from this one. The value is what the manager reported for it LAST quarter — the only value that line ever had.
| Manager | Company | Value when last reported | Their prior book |
|---|---|---|---|
| GQG Partners LLC | GE GE AEROSPACE | $1.6B | 2025-Q1 |
| VIKING GLOBAL INVESTORS LP | UNH UNITEDHEALTH GROUP INC | $1.1B | 2025-Q1 |
| VIKING GLOBAL INVESTORS LP | INTU INTUIT | $1.0B | 2025-Q1 |
| Pershing Square Capital Management, L.P. | CP CANADIAN PACIFIC KANSAS CITY | $1.0B | 2025-Q1 |
| Berkshire Hathaway Inc | TMUS T-MOBILE US INC | $1.0B | 2025-Q1 |
| BAILLIE GIFFORD & CO | ONC BEONE MEDICINES LTD | $988M | 2025-Q1 |
| First Eagle Investment Management, LLC | — BARRICK GOLD CORP | $887M | 2025-Q1 |
| Pentwater Capital Management LP | — UNITED STATES STL CORP NEW | $814M | 2025-Q1 |
| GQG Partners LLC | TRGP TARGA RES CORP | $725M | 2025-Q1 |
| VIKING GLOBAL INVESTORS LP | NFLX NETFLIX INC | $699M | 2025-Q1 |
Free: the top 10 of 714 · Pro: every exit in the quarter.
The names most managers added
Opened, or increased by more than 2% of the shares they already held — the same threshold every filer page applies.
Free: the top 10 of 1,519 · Pro: every name added this quarter.
What most of them hold
How many of the tracked managers reported the name at all this quarter — overlap, not conviction.
Free: the top 10 of 2,461 · Pro: every name the roster reported.