| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | STATE STREET CORP | 11,693,81811.7M | $334M | 6.32% | ADD 47% |
| 2 | SOF Ltd | 9,781,8829.8M | $279M | 5.28% | — |
| 3 | Independent Franchise Partners LLP | 9,111,7609.1M | $260M | 4.92% | — |
| 4 | BlackRock, Inc. | 7,493,5937.5M | $214M | 4.05% | — |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 6,081,5266.1M | $173M | 3.28% | NEW |
| 6 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5,308,4365.3M | $151M | 2.87% | NEW |
| 7 | L1 Capital Pty Ltd | 4,234,9684.2M | $121M | 2.29% | — |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 3,883,0513.9M | $111M | 2.10% | ADD 4% |
| 9 | Starboard Value LP | 2,589,0812.6M | $74M | 1.40% | TRIM -42% |
| 10 | Perpetual Ltd | 2,487,8972.5M | $71M | 1.34% | ADD 1194% |
| 11 | Invesco Ltd. | 2,272,6572.3M | $65M | 1.23% | ADD 19% |
| 12 | BANK OF MONTREAL /CAN/ | 1,946,5251.9M | $55M | 1.05% | — |
| 13 | DIMENSIONAL FUND ADVISORS LP | 1,761,9771.8M | $50M | 0.95% | ADD 3% |
| 14 | 59 North Capital Management, LP | 1,528,1901.5M | $44M | 0.83% | TRIM -28% |
| 15 | MORGAN STANLEY | 1,484,4951.5M | $42M | 0.80% | TRIM -3% |
| 16 | MACQUARIE GROUP LTD | 1,154,0321.2M | $33M | 0.62% | TRIM -42% |
| 17 | Metropolis Capital Ltd | 1,035,1411.0M | $30M | 0.56% | ADD 19% |
| 18 | NORTHERN TRUST CORP | 889,427889,427 | $25M | 0.48% | — |
| 19 | BANK OF AMERICA CORP /DE/ | 844,576844,576 | $24M | 0.46% | ADD 103% |
| 20 | JPMORGAN CHASE & CO | 768,572768,572 | $22M | 0.42% | ADD 67% |
| 21 | BARCLAYS PLC | 702,874702,874 | $20M | 0.38% | ADD 16% |
| 22 | Bank of New York Mellon Corp | 699,074699,074 | $20M | 0.38% | — |
| 23 | Quantinno Capital Management LP | 681,468681,468 | $19M | 0.37% | ADD 128% |
| 24 | VANGUARD FIDUCIARY TRUST CO | 665,687665,687 | $19M | 0.36% | NEW |
| 25 | UBS Group AG | 664,512664,512 | $19M | 0.36% | ADD 55% |
| 26 | Irenic Capital Management LP | 593,809593,809 | $17M | 0.32% | — |
| 27 | VOLORIDGE INVESTMENT MANAGEMENT, LLC | 519,974519,974 | $15M | 0.28% | ADD 75% |
| 28 | Jefferies Financial Group Inc. | 494,432494,432 | $14M | 0.27% | ADD 61% |
| 29 | DEUTSCHE BANK AG\ | 397,793397,793 | $11M | 0.21% | TRIM -5% |
| 30 | GOLDMAN SACHS GROUP INC | 396,319396,319 | $11M | 0.21% | TRIM -59% |
| 31 | FMR LLC | 387,235387,235 | $11M | 0.21% | TRIM -48% |
| 32 | BNP PARIBAS FINANCIAL MARKETS | 344,540344,540 | $10M | 0.19% | TRIM -12% |
| 33 | Nuveen, LLC | 302,344302,344 | $9M | 0.16% | — |
| 34 | Legal & General Group Plc | 278,959278,959 | $8M | 0.15% | ADD 5% |
| 35 | Vanguard Global Advisers, LLC | 258,428258,428 | $7M | 0.14% | NEW |
| 36 | AQR CAPITAL MANAGEMENT LLC | 256,298256,298 | $7M | 0.14% | ADD 488% |
| 37 | SEI INVESTMENTS CO | 243,153243,153 | $7M | 0.13% | ADD 118% |
| 38 | Amundi | 238,556238,556 | $7M | 0.13% | TRIM -16% |
| 39 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 236,352236,352 | $7M | 0.13% | ADD 17% |
| 40 | RHUMBLINE ADVISERS | 228,196228,196 | $7M | 0.12% | — |
| 41 | HSBC HOLDINGS PLC | 218,167218,167 | $6M | 0.12% | TRIM -59% |
| 42 | Weiss Asset Management LP | 189,700189,700 | $5M | 0.10% | NEW |
| 43 | HRT FINANCIAL LP | 189,486189,486 | $5M | 0.10% | TRIM -56% |
| 44 | VANGUARD ASSET MANAGEMENT, Ltd | 178,888178,888 | $5M | 0.10% | NEW |
| 45 | PRICE T ROWE ASSOCIATES INC /MD/ | 172,805172,805 | $5M | 0.09% | — |
| 46 | Marble Bar Asset Management LLP | 150,768150,768 | $4M | 0.08% | NEW |
| 47 | COOPER INVESTORS PTY LTD | 148,990148,990 | $4M | 0.08% | TRIM -47% |
| 48 | Mitsubishi UFJ Asset Management Co., Ltd. | 146,454146,454 | $4M | 0.08% | — |
| 49 | Howard Capital Management Inc. | 143,272143,272 | $4M | 0.08% | — |
| 50 | Northern Right Capital Management, L.P. | 140,459140,459 | $4M | 0.08% | — |
| 51 | PRINCIPAL FINANCIAL GROUP INC | 136,279136,279 | $4M | 0.07% | TRIM -6% |
| 52 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 131,077131,077 | $4M | 0.07% | ADD 2587% |
| 53 | ALLIANCEBERNSTEIN L.P. | 126,110126,110 | $4M | 0.07% | — |
| 54 | CIBC Bancorp USA Inc. | 130,112130,112 | $4M | 0.07% | NEW |
| 55 | CITIGROUP INC | 116,114116,114 | $3M | 0.06% | ADD 42% |
| 56 | ADAGE CAPITAL PARTNERS GP, L.L.C. | 109,034109,034 | $3M | 0.06% | TRIM -2% |
| 57 | PINNACLE ASSOCIATES LTD | 104,576104,576 | $3M | 0.06% | — |
| 58 | ROYAL LONDON ASSET MANAGEMENT LTD | 101,053101,053 | $3M | 0.05% | ADD 53% |
| 59 | GAMCO INVESTORS, INC. ET AL | 96,99296,992 | $3M | 0.05% | ADD 14% |
| 60 | GABELLI FUNDS LLC | 96,00096,000 | $3M | 0.05% | ADD 3% |
| 61 | Aberdeen Group plc | 95,90795,907 | $3M | 0.05% | — |
| 62 | D. E. Shaw & Co., Inc. | 82,73182,731 | $2M | 0.04% | TRIM -81% |
| 63 | NATIONAL BANK OF CANADA /FI/ | 81,78981,789 | $2M | 0.04% | ADD 24% |
| 64 | Caisse de depot et placement du Quebec | 81,68681,686 | $2M | 0.04% | TRIM -57% |
| 65 | XY Capital Ltd | 74,31074,310 | $2M | 0.04% | TRIM -29% |
| 66 | Treasurer of the State of North Carolina | 69,72269,722 | $2M | 0.04% | ADD 3% |
| 67 | Summit Trail Advisors, LLC | 68,88968,889 | $2M | 0.04% | ADD 6% |
| 68 | Illinois Municipal Retirement Fund | 66,61066,610 | $2M | 0.04% | TRIM -8% |
| 69 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 66,44266,442 | $2M | 0.04% | TRIM -5% |
| 70 | Estate Counselors, LLC | 66,40966,409 | $2M | 0.04% | NEW |
| 71 | ROYAL BANK OF CANADA | 62,72062,720 | $2M | 0.03% | TRIM -31% |
| 72 | PRUDENTIAL FINANCIAL INC | 61,21361,213 | $2M | 0.03% | TRIM -3% |
| 73 | NEW YORK STATE COMMON RETIREMENT FUND | 60,89160,891 | $2M | 0.03% | TRIM -11% |
| 74 | Chevy Chase Trust Holdings, LLC | 60,20160,201 | $2M | 0.03% | TRIM -4% |
| 75 | WELLS FARGO & COMPANY/MN | 59,53159,531 | $2M | 0.03% | — |
| 76 | PANAGORA ASSET MANAGEMENT INC | 59,46559,465 | $2M | 0.03% | ADD 761% |
| 77 | PNC FINANCIAL SERVICES GROUP, INC. | 58,66658,666 | $2M | 0.03% | ADD 9% |
| 78 | Police & Firemen's Retirement System of New Jersey | 55,78555,785 | $2M | 0.03% | — |
| 79 | Board of the Pension Protection Fund | 53,20053,200 | $2M | 0.03% | ADD 3% |
| 80 | Mariner, LLC | 52,27652,276 | $1M | 0.03% | ADD 24% |
| 81 | Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. | 51,85751,857 | $1M | 0.03% | TRIM -2% |
| 82 | Diametric Capital, LP | 51,31151,311 | $1M | 0.03% | ADD 7% |
| 83 | ACADIAN ASSET MANAGEMENT LLC | 49,21249,212 | $1M | 0.03% | NEW |
| 84 | Quinn Opportunity Partners LLC | 43,81443,814 | $1M | 0.02% | — |
| 85 | INTECH INVESTMENT MANAGEMENT LLC | 41,22941,229 | $1M | 0.02% | NEW |
| 86 | JANUS HENDERSON GROUP PLC | 40,65740,657 | $1M | 0.02% | NEW |
| 87 | IEQ CAPITAL, LLC | 40,13240,132 | $1M | 0.02% | — |
| 88 | Richard Bernstein Advisors LLC | 40,11340,113 | $1M | 0.02% | — |
| 89 | MERCER GLOBAL ADVISORS INC /ADV | 39,88939,889 | $1M | 0.02% | ADD 40% |
| 90 | Pathstone Holdings, LLC | 39,26539,265 | $1M | 0.02% | ADD 13% |
| 91 | XPONANCE LLC | 39,02739,027 | $1M | 0.02% | ADD 13% |
| 92 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 38,24438,244 | $1M | 0.02% | TRIM -24% |
| 93 | Russell Investments Group, Ltd. | 36,25136,251 | $1M | 0.02% | TRIM -18% |
| 94 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 36,22736,227 | $1M | 0.02% | TRIM -4% |
| 95 | Baker Ellis Asset Management LLC | 35,16035,160 | $1M | 0.02% | TRIM -26% |
| 96 | Public Sector Pension Investment Board | 35,10835,108 | $1M | 0.02% | ADD 12% |
| 97 | Engineers Gate Manager LP | 34,37034,370 | $979,889 | 0.02% | ADD 68% |
| 98 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 34,01434,014 | $969,739 | 0.02% | ADD 12% |
| 99 | CITADEL ADVISORS LLC | 33,89933,899 | $966,460 | 0.02% | TRIM -43% |
| 100 | Persistent Asset Partners Ltd | 33,67633,676 | $960,103 | 0.02% | ADD 9% |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| STATE STREET CORP | 7.2M | 8.5M | 7.3M | 9.3M | 8.0M | 11.7M | $334M |
| SOF Ltd | 9.8M | 9.8M | 9.8M | 9.8M | 9.8M | 9.8M | $279M |
| Independent Franchise Partners LLP | 9.6M | 9.7M | 9.4M | 9.2M | 9.2M | 9.1M | $260M |
| BlackRock, Inc. | 6.6M | 6.8M | 6.6M | 7.3M | 7.5M | 7.5M | $214M |
| VANGUARD CAPITAL MANAGEMENT LLC | — | — | — | — | — | 6.1M | $173M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | — | — | — | — | — | 5.3M | $151M |
| L1 Capital Pty Ltd | — | — | — | 3.4M | 4.3M | 4.2M | $121M |
| GEODE CAPITAL MANAGEMENT, LLC | 2.9M | 3.0M | 2.9M | 3.6M | 3.7M | 3.9M | $111M |
| Starboard Value LP | 8.5M | 7.8M | 6.9M | 6.0M | 4.4M | 2.6M | $74M |
| Perpetual Ltd | — | — | — | 563K | 192K | 2.5M | $71M |
| Invesco Ltd. | 1.6M | 1.6M | 1.5M | 1.5M | 1.9M | 2.3M | $65M |
| BANK OF MONTREAL /CAN/ | 94K | 53K | 33K | 63K | 1.9M | 1.9M | $55M |
| DIMENSIONAL FUND ADVISORS LP | 2.0M | 2.0M | 2.0M | 2.0M | 1.7M | 1.8M | $50M |
| 59 North Capital Management, LP | 4.3M | 3.8M | 3.5M | 2.1M | 2.1M | 1.5M | $44M |
| MORGAN STANLEY | 1.2M | 1.4M | 1.5M | 1.5M | 1.5M | 1.5M | $42M |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding divides each quarter's as-filed 13F shares by the SEC cover-page share count dated to that same quarter (split-adjusted), not by today's count — so splits and buybacks don't move the line.
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
“The information set forth in Items 3 and 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 4. The Reporting Persons initially acquired the Class B Shares for investment purposes. The Reporting Persons intend to continue to review their investment in the Issuer on an ongoing basis and, in the course of their review, may take actions (including through their affiliates) with respect to their investment or the Issuer, including communicating with the board of direct”
“The Reporting Persons have sold all of their beneficial ownership of the Shares. The filing of this Schedule 13D constitutes an exit filing for the Reporting Persons.”
| Holder | % of class | Type | As of | |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC |
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | +6,081,526 | $173M | OPEN |
| VANGUARD PORTFOLIO MANAGEMENT LLC | +5,308,436 | $151M | OPEN |
| STATE STREET CORP | +3,720,208 | $106M | ADD |
| Perpetual Ltd | +2,295,584 | $65M | ADD |
| VANGUARD FIDUCIARY TRUST CO | +665,687 | $19M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| VANGUARD GROUP INC | −10,163,392 | $290M | CLOSE |
| Starboard Value LP | −1,850,000 | $53M | TRIM |
| MACQUARIE GROUP LTD | −821,447 | $23M | TRIM |
| MILLENNIUM MANAGEMENT LLC | −597,395 | $17M | CLOSE |
| 59 North Capital Management, LP | −597,379 | $17M | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 314 | 91,539,615 | 49.4% | $2.6B |
| 2025-Q4 | 314 | 87,090,189 | 46.6% | $2.6B |
| 2025-Q3 | 336 | 89,249,048 | 47.3% | $3.1B |
| 2025-Q2 | 328 | 78,707,281 | 41.7% | $2.7B |
| 2025-Q1 | 302 | 81,160,658 | 42.9% | $2.5B |
| 2024-Q4 | 293 | 82,686,062 | 43.6% | $2.5B |
| 2024-Q3 | 282 | 84,961,286 | 44.7% | $2.4B |
| 2024-Q2 | 281 | 84,108,295 | 44.1% | $2.4B |
| 2024-Q1 | 263 | 84,509,295 | 44.2% | $2.3B |
| 2023-Q4 | 225 | 84,879,660 | 44.4% | $2.2B |
| 2023-Q3 | 211 | 81,327,713 | 42.4% | $1.7B |
| 2023-Q2 | 204 | 77,865,982 | 40.4% | $1.5B |
| 2023-Q1 | 212 | 78,370,088 | 40.6% | $1.3B |
| 2022-Q4 | 230 | 75,177,213 | 38.9% | $1.3B |
| 2022-Q3 | 215 | 66,169,902 | 33.8% | $870M |
| 2022-Q2 | 220 | 66,776,300 | 33.8% | $907M |
| 2022-Q1 | 225 | 65,523,050 | 33.0% | $1.3B |
| 2021-Q4 | 230 | 67,594,757 | 33.9% | $1.3B |
| 2021-Q3 | 217 | 72,113,115 | 36.1% | $1.4B |
| 2021-Q2 | 222 | 73,874,695 | 37.0% | $1.6B |
| 2021-Q1 | 222 | 71,043,946 | 35.6% | $1.4B |
| 2020-Q4 | 196 | 65,405,593 | 32.8% | $988M |
| 2020-Q3 | 193 | 64,295,386 | 32.2% | $763M |
| 2020-Q2 | 197 | 62,486,946 | 31.3% | $630M |
| 2020-Q1 | 194 | 63,575,562 | 31.8% | $484M |
| 2019-Q4 | 186 | 63,382,132 | 31.7% | $778M |
| 2019-Q3 | 184 | 62,083,710 | 31.1% | $792M |
| 2019-Q2 | 186 | 63,172,115 | 31.6% | $745M |
| 2019-Q1 | 200 | 58,829,757 | 29.5% | $613M |
| 2018-Q4 | 196 | 57,846,814 | 29.0% | $566M |
| 2018-Q3 | 191 | 57,438,583 | 28.8% | $648M |
| 2018-Q2 | 214 | 57,215,494 | 28.7% | $752M |
| 2018-Q1 | 207 | 58,811,319 | 29.5% | $789M |
| 2017-Q4 | 209 | 59,309,377 | 29.7% | $822M |
| 2017-Q3 | 193 | 56,498,649 | 28.3% | $638M |
| 2017-Q2 | 183 | 57,112,263 | 28.6% | $670M |
| 2017-Q1 | 181 | 59,466,517 | 29.8% | $670M |
| 2016-Q4 | 194 | 62,692,556 | 31.4% | $625M |
| 2016-Q3 | 184 | 56,566,069 | 28.3% | $804M |
| 2016-Q2 | 183 | 64,158,892 | 32.1% | $749M |
| 2016-Q1 | 177 | 71,643,480 | 35.9% | $949M |
| 2015-Q4 | 182 | 75,080,610 | 37.6% | $1.0B |
| 2015-Q3 | 175 | 74,968,165 | 37.6% | $961M |
| 2015-Q2 | 146 | 68,403,388 | 34.3% | $974M |
| 2015-Q1 | 132 | 67,774,249 | 33.9% | $1.1B |
| 2014-Q4 | 140 | 74,644,111 | 37.4% | $1.1B |
| 2014-Q3 | 125 | 88,883,656 | 44.5% | $1.4B |
| 2014-Q2 | 140 | 88,407,217 | 44.3% | $1.5B |
| 2014-Q1 | 133 | 85,236,085 | 42.7% | $1.4B |
| 2013-Q4 | 131 | 79,913,601 | 40.0% | $1.4B |
| 2013-Q3 | 143 | 78,986,012 | — | $1.3B |
| 2013-Q2 | 9 | 555,226 | — | $10M |
| 8.13% |
| QII |
| 2026-03-31 |
| SEC → |
| Independent Franchise Partners LLP | 7.64% | QII | 2025-09-30 | SEC → |
| STATE STREET CORP | 6.3% | QII | 2026-03-31 | SEC → |
| Perpetual Ltd | 4.5% | QII | 2026-06-30 | SEC → |
| PRICE T ROWE ASSOCIATES INC /MD/ | 4.4% | QII | 2025-09-30 | SEC → |
Source: SEC Schedule 13D/13G structured XML. 13D = active intent; 13G filers report passively (Rule 13d-1(b) QII / 13d-1(c) Passive / 13d-1(d) Exempt) and are not activists. Percent and delta are the group aggregate the filing reports. Structured 13D/G coverage begins December 2024 (SEC XML mandate).
