| ABRAMS CAPITAL MANAGEMENT, L.P. |
David Abrams |
Boston, MA |
Q3 2025 |
13 |
$6,169,945,693 |
| AKO CAPITAL LLP |
|
London, United Kingdom |
Q3 2025 |
23 |
$7,033,749,000 |
| AKRE CAPITAL MANAGEMENT LLC |
Chuck Akre |
Middleburg, VA |
Q3 2025 |
19 |
$10,030,655,183 |
| ALTAROCK PARTNERS LP |
|
West Palm Beach, FL |
Q3 2025 |
9 |
$5,469,137,744 |
| Altimeter Capital Management, LP |
|
Boston, MA |
Q3 2025 |
23 |
$7,581,939,536 |
| Appaloosa LP |
David Tepper |
Short Hills, NJ |
Q3 2025 |
45 |
$7,383,589,018 |
| Aquamarine Zurich AG |
Guy Spier |
Zurich, Switzerland |
Q3 2025 |
14 |
$317,370,000 |
| ARK Investment Management LLC |
Cathie Wood |
St. Petersburg, FL |
Q3 2025 |
196 |
$16,799,815,854 |
| ATLANTIC INVESTMENT MANAGEMENT, INC. |
Alex Roepers |
New York, NY |
Q3 2025 |
11 |
$174,139,511 |
| BAUPOST GROUP LLC/MA |
Seth Klarman |
Boston, MA |
Q3 2025 |
22 |
$4,790,804,000 |
| BERKSHIRE HATHAWAY INC |
WARREN E. BUFFETT |
Omaha, NE |
Q3 2025 |
41 |
$267,334,501,955 |
| Brave Warrior Advisors, LLC |
Glenn Greenberg |
New York, NY |
Q3 2025 |
33 |
$4,307,806,819 |
| Bridgewater Associates, LP |
Ray Dalio |
Westport, CT |
Q3 2025 |
1,014 |
$25,527,677,108 |
| CANTILLON CAPITAL MANAGEMENT LLC |
William Von Mueffling |
New York, NY |
Q3 2025 |
38 |
$18,162,382,853 |
| Carlyle Group Inc. |
David Rubenstein |
Washington, DC |
Q3 2025 |
17 |
$4,337,675,517 |
| CAS Investment Partners, LLC |
Clifford Sosin |
Westport, CT |
Q3 2025 |
5 |
$2,242,253,811 |
| Ceredex Value Advisors LLC |
|
Winter Park, FL |
Q3 2025 |
166 |
$4,312,489,876 |
| Chanos & Co LP |
Jim Chanos |
New York, NY |
Q3 2023 |
7 |
$3,865,862 |
| Cheviot Value Management, LLC |
|
Beverly Hills, CA |
Q3 2025 |
442 |
$939,764,558 |
| Chou Associates Management Inc. |
Francis Chou |
Toronto, Ontario, Canada |
Q3 2025 |
31 |
$207,738,272 |
| CITADEL ADVISORS LLC |
Ken Griffin |
Miami, FL |
Q3 2025 |
5,879 |
$124,753,421,520 |
| Conifer Management, L.L.C. |
Greg Alexander |
New York, NY |
Q3 2025 |
5 |
$631,079,434 |
| DAILY JOURNAL CORP |
Charlie Munger |
Los Angeles, CA |
Q3 2025 |
4 |
$262,245,445 |
| Dalal Street, LLC |
Mohnish Pabrai |
West Lake Hills, TX |
Q3 2025 |
5 |
$336,857,377 |
| DAVIS SELECTED ADVISERS |
Christopher Davis |
Tucson, AZ |
Q3 2025 |
107 |
$19,154,485,365 |
| Deccan Value Investors L.P. |
Vinit Bodas |
Greenwich, CT |
Q3 2024 |
0 |
$0 |
| D. E. Shaw & Co., Inc. |
David Shaw |
New York, NY |
Q3 2025 |
3,122 |
$123,943,039,956 |
| Discovery Value Fund |
|
Singapore, Singapore |
Q3 2025 |
3 |
$56,010,787 |
| DME Capital Management, LP |
David Einhorn |
New York, NY |
Q3 2025 |
37 |
$2,541,714,523 |
| DODGE & COX |
|
San Francisco, CA |
Q3 2025 |
219 |
$185,334,505,752 |
| Dorsey Asset Management, LLC |
Pat Dorsey |
Chicago, IL |
Q3 2025 |
9 |
$1,112,595,766 |
| Duquesne Family Office LLC |
Stanley Druckenmiller |
New York, NY |
Q3 2025 |
62 |
$3,931,267,000 |
| Egerton Capital (UK) LLP |
John Armitage |
London, United Kingdom |
Q3 2025 |
24 |
$9,481,829,795 |
| Elliott Investment Management L.P. |
Paul Singer |
West Palm Beach, FL |
Q3 2025 |
20 |
$13,701,828,237 |
| Engaged Capital LLC |
Glenn W. Welling |
Newport Beach, CA |
Q3 2025 |
9 |
$407,632,697 |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN |
V. PREM WATSA |
Toronto, Ontario, Canada |
Q3 2025 |
29 |
$2,064,595,933 |
| FAIRHOLME CAPITAL MANAGEMENT LLC |
Bruce Berkowitz |
South Miami, FL |
Q3 2025 |
12 |
$1,238,938,255 |
| First Eagle Investment Management, LLC |
|
New York, NY |
Q3 2025 |
404 |
$54,924,273,267 |
| Fisher Asset Management, LLC |
Kenneth Fisher |
Plano, TX |
Q3 2025 |
1,014 |
$276,288,374,576 |
| Fundsmith LLP |
Terry Smith |
London, United Kingdom |
Q3 2025 |
35 |
$19,795,225,546 |
| GARDNER RUSSO & QUINN LLC |
Thomas Russo |
Lancaster, PA |
Q3 2025 |
85 |
$9,327,888,033 |
| GATES FOUNDATION TRUST |
Bill Gates |
Kirkland, WA |
Q3 2025 |
23 |
$36,583,755,044 |
| Giverny Capital Inc. |
Francois Rochon |
Montreal, Quebec, Canada |
Q3 2025 |
52 |
$2,951,143,263 |
| Gotham Asset Management, LLC |
Joel Greenblatt |
New York, NY |
Q3 2025 |
1,676 |
$22,970,286,262 |
| Grantham, Mayo, Van Otterloo & Co. LLC |
Jeremy Grantham |
Boston, MA |
Q3 2025 |
597 |
$35,436,570,341 |
| GREENHAVEN ASSOCIATES INC |
|
Purchase, NY |
Q3 2025 |
27 |
$6,575,476,539 |
| GREENLEA LANE CAPITAL MANAGEMENT, LLC |
Josh Tarasoff |
Weston, CT |
Q3 2025 |
8 |
$342,962,807 |
| Hillman Capital Management, Inc. |
|
Bethesda, MD |
Q3 2025 |
53 |
$171,848,541 |
| Himalaya Capital Management LLC |
Li Lu |
Seattle, WA |
Q3 2025 |
9 |
$3,230,264,839 |
| Hudson Value Partners, LLC |
|
Palm Beach, FL |
Q3 2025 |
106 |
$318,638,297 |
| ICAHN CARL C |
Carl Icahn |
Sunny Isles Beach, FL |
Q3 2025 |
13 |
$9,141,599,232 |
| Intrinsic Value Partners, LLC |
|
Phoenix, AZ |
Q3 2025 |
67 |
$123,494,648 |
| JENSEN INVESTMENT MANAGEMENT INC |
|
Lake Oswego, OR |
Q3 2025 |
87 |
$8,059,138,040 |
| KAHN BROTHERS GROUP INC |
|
New York, NY |
Q3 2025 |
53 |
$531,799,267 |
| Lindsell Train Ltd |
|
London, United Kingdom |
Q3 2025 |
28 |
$4,076,472,912 |
| LONE PINE CAPITAL LLC |
Stephen Mandel |
Greenwich, CT |
Q3 2025 |
25 |
$13,742,951,177 |
| MAIRS & POWER INC |
|
St Paul, MN |
Q3 2025 |
248 |
$10,632,878,857 |
| MARKEL GROUP INC. |
Thomas Gayner |
Glen Allen, VA |
Q3 2025 |
129 |
$12,320,986,843 |
| MATRIX ASSET ADVISORS INC/NY |
David Katz |
White Plains, NY |
Q3 2025 |
107 |
$1,078,106,420 |
| MAVERICK CAPITAL LTD |
Lee Ainslie |
Dallas, TX |
Q3 2025 |
201 |
$7,473,117,503 |
| Medina Value Partners, LLC |
|
Los Angeles, CA |
Q3 2025 |
28 |
$427,991,291 |
| MILLER VALUE PARTNERS, LLC |
Bill Miller |
Sarasota, FL |
Q3 2025 |
36 |
$272,156,925 |
| NUANCE INVESTMENTS, LLC |
|
Kansas City, MO |
Q3 2025 |
46 |
$982,147,891 |
| Oakcliff Capital Partners, LP |
Bryan Lawrence |
New York, NY |
Q3 2025 |
8 |
$231,687,094 |
| OAKTREE CAPITAL MANAGEMENT LP |
Howard Marks |
Los Angeles, CA |
Q3 2025 |
159 |
$5,986,574,279 |
| Olstein Capital Management, L.P. |
Robert Olstein |
Purchase, NY |
Q3 2025 |
103 |
$529,635,000 |
| Palogic Value Management, L.P. |
|
Dallas, TX |
Q3 2025 |
150 |
$236,069,760 |
| Partners Value Investments L.P. |
|
Hamilton, Bermuda |
Q3 2025 |
7 |
$10,799,553,861 |
| Pershing Square Capital Management, L.P. |
Bill Ackman |
New York, NY |
Q3 2025 |
11 |
$14,643,293,767 |
| Point72 Asset Management, L.P. |
Steven A. Cohen |
Stamford, CT |
Q3 2025 |
1,367 |
$46,016,415,071 |
| POLEN CAPITAL MANAGEMENT LLC |
|
Boca Raton, FL |
Q3 2025 |
232 |
$30,802,400,951 |
| Psagot Value Holdings Ltd. / (Israel) |
|
Tel Aviv, Israel |
Q3 2024 |
0 |
$0 |
| Punch Card Management L.P. |
Norbert Lou |
Winter Park, FL |
Q3 2025 |
6 |
$322,420,153 |
| PZENA INVESTMENT MANAGEMENT LLC |
|
New York, NY |
Q3 2025 |
154 |
$30,942,202,495 |
| Relative Value Partners Group, LLC |
|
Northbrook, IL |
Q2 2024 |
321 |
$772,398,055 |
| RENAISSANCE TECHNOLOGIES LLC |
Jim Simons, Robert Mercer, Peter Brown |
New York, NY |
Q3 2025 |
3,456 |
$75,753,182,516 |
| Robinson Value Management, Ltd. |
|
San Antonio, TX |
Q3 2025 |
71 |
$172,430,474 |
| Ruane, Cunniff & Goldfarb L.P. |
|
New York, NY |
Q3 2025 |
47 |
$6,035,626,513 |
| RV Capital AG |
Robert Vinall |
Schindellegi, Switzerland |
Q3 2025 |
13 |
$546,236,782 |
| Scion Asset Management, LLC |
Michael Burry |
Saratoga, CA |
Q3 2025 |
4 |
$68,138,076 |
| SEMPER AUGUSTUS INVESTMENTS GROUP LLC |
Christopher Bloomstran |
Highlands Ranch, CO |
Q3 2025 |
38 |
$801,166,442 |
| ShawSpring Partners LLC |
Dennis Hong |
Boston, MA |
Q3 2025 |
11 |
$672,601,603 |
| SOROS FUND MANAGEMENT LLC |
George Soros |
New York, NY |
Q3 2025 |
173 |
$6,323,138,006 |
| SOUND SHORE MANAGEMENT INC /CT/ |
Harry Burn |
Greenwich, CT |
Q3 2025 |
38 |
$3,025,625,873 |
| Starboard Value LP |
MARK R. MITCHELL, Jeffrey C. Smith, Peter A. Feld |
New York, NY |
Q3 2025 |
20 |
$5,314,627,248 |
| Stilwell Value LLC |
|
New York, NY |
Q3 2025 |
30 |
$212,846,685 |
| STRATEGIC VALUE BANK PARTNERS LLC |
|
Cleveland, OH |
Q3 2025 |
14 |
$140,606,341 |
| Strategic Value Partners, LLC |
|
Greenwich, CT |
Q3 2025 |
0 |
$0 |
| TCI Fund Management Ltd |
Chris Hohn |
London, United Kingdom |
Q3 2025 |
9 |
$52,699,548,226 |
| THIRD AVENUE MANAGEMENT LLC |
|
New York, NY |
Q3 2025 |
50 |
$532,679,180 |
| Third Point LLC |
Daniel Loeb |
New York, NY |
Q3 2025 |
44 |
$8,379,607,395 |
| TIGER GLOBAL MANAGEMENT LLC |
Chase Coleman |
New York, NY |
Q3 2025 |
56 |
$32,359,754,158 |
| TORRAY INVESTMENT PARTNERS LLC |
|
Bethesda, MD |
Q3 2025 |
99 |
$737,024,780 |
| TRIAN FUND MANAGEMENT, L.P. |
PETER W. MAY, NELSON PELTZ, EDWARD P. GARDEN |
New York, NY |
Q3 2025 |
7 |
$4,107,246,762 |
| Triple Frond Partners LLC |
|
San Francisco, CA |
Q3 2025 |
11 |
$917,968,000 |
| TUDOR INVESTMENT CORP ET AL |
Paul Tudor Jones |
Stamford, CT |
Q3 2025 |
1,497 |
$15,435,328,254 |
| Tweedy, Browne Co LLC |
|
Stamford, CT |
Q3 2025 |
97 |
$1,151,402,955 |
| Valley Forge Capital Management, LP |
|
Miami, FL |
Q3 2025 |
9 |
$4,156,989,872 |
| ValueAct Holdings, L.P. |
Jeffrey Ubben |
San Francisco, CA |
Q3 2025 |
16 |
$5,929,591,152 |
| Value Aligned Research Advisors, LLC |
|
Princeton, NJ |
Q3 2025 |
42 |
$4,333,920,439 |
| VALUE HOLDINGS MANAGEMENT CO. LLC |
|
Hampton Bays, NY |
Q3 2025 |
32 |
$623,823,000 |
| Value Partners Investments Inc. |
|
Winnipeg, Manitoba, Canada |
Q3 2025 |
101 |
$1,225,097,883 |
| Values Added Financial LLC |
|
Washington, DC |
Q3 2025 |
129 |
$224,856,631 |
| Values First Advisors, Inc. |
|
Johnson City, TN |
Q3 2025 |
171 |
$186,839,226 |
| Value Star Asset Management (Hong Kong) Ltd |
|
Hong Kong, Hong Kong |
Q3 2025 |
10 |
$49,240,020 |
| VALUEWORKS LLC |
|
New York, NY |
Q3 2025 |
34 |
$343,595,037 |
| VAN DEN BERG MANAGEMENT I, INC |
Arnold Van Den Berg |
Austin, TX |
Q3 2025 |
106 |
$399,161,463 |
| VIKING GLOBAL INVESTORS LP |
|
Stamford, CT |
Q3 2025 |
78 |
$38,504,949,476 |
| Vulcan Value Partners, LLC |
|
Birmingham, AL |
Q3 2025 |
40 |
$5,516,661,103 |
| WEDGEWOOD PARTNERS INC |
David Rolfe |
St Louis, MO |
Q3 2025 |
19 |
$547,897,792 |
| WEITZ INVESTMENT MANAGEMENT, INC. |
|
Omaha, NE |
Q3 2025 |
48 |
$1,842,743,960 |
| YACKTMAN ASSET MANAGEMENT LP |
|
Austin, TX |
Q3 2025 |
70 |
$7,257,737,057 |