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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F Institutional Ownership · LLYVK

Formula One Group NASDAQ NMS - GLOBAL MARKET:LLYVK

Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31.

208 new0 added0 reduced0 exited
Total Institutional Holders
208
as of 2025-12-31
Top Holder
Berkshire Hathaway Inc
$406.4M
Largest QoQ Increase
Berkshire Hathaway Inc
+4,986,588 sh
Largest QoQ Decrease
—

New Positions(208)

ManagerSharesΔ SharesValueΔ Value% Δ
Berkshire Hathaway Inc4,986,588+4,986,588$406.4M+$406.4M—
Linonia Partnership LP2,498,950+2,498,950$203.7M+$203.7M—
VANGUARD GROUP INC2,003,440+2,003,440$163.3M+$163.3M—
ValueAct Holdings, L.P.1,799,319+1,799,319$146.6M+$146.6M—
BANK OF AMERICA CORP /DE/1,618,556+1,618,556$131.9M+$131.9M—
MORGAN STANLEY1,152,499+1,152,499$93.9M+$93.9M—
Sculptor Capital LP1,100,000+1,100,000$89.7M+$89.7M—
Corvex Management LP1,005,434+1,005,434$81.9M+$81.9M—
D. E. Shaw & Co., Inc.958,734+958,734$78.1M+$78.1M—
BlackRock, Inc.947,504+947,504$77.2M+$77.2M—
Alberta Investment Management Corp594,000+594,000$48.4M+$48.4M—
PRINCIPAL FINANCIAL GROUP INC402,017+402,017$32.8M+$32.8M—
JNE Partners LLP368,121+368,121$30.0M+$30.0M—
STATE STREET CORP348,853+348,853$28.4M+$28.4M—
GEODE CAPITAL MANAGEMENT, LLC341,035+341,035$27.8M+$27.8M—
JPMORGAN CHASE & CO244,931+244,931$20.0M+$20.0M—
LMR Partners LLP233,632+233,632$19.0M+$19.0M—
HIGHBRIDGE CAPITAL MANAGEMENT LLC210,332+210,332$17.1M+$17.1M—
AMUNDI189,310+189,310$15.4M+$15.4M—
STATE OF WISCONSIN INVESTMENT BOARD167,512+167,512$13.7M+$13.7M—
DIMENSIONAL FUND ADVISORS LP160,526+160,526$13.1M+$13.1M—
BANK OF NOVA SCOTIA138,274+138,274$11.3M+$11.3M—
NORGES BANK122,880+122,880$10.0M+$10.0M—
ING GROEP NV118,500+118,500$9.7M+$9.7M—
SUSQUEHANNA INTERNATIONAL GROUP, LLP111,782+111,782$9.1M+$9.1M—
NORTHERN TRUST CORP98,169+98,169$8.0M+$8.0M—
BNP PARIBAS ARBITRAGE, SNC97,596+97,596$8.0M+$8.0M—
Quantinno Capital Management LP82,954+82,954$6.8M+$6.8M—
Empyrean Capital Partners, LP72,250+72,250$5.9M+$5.9M—
NATIXIS62,664+62,664$5.1M+$5.1M—
GABELLI FUNDS LLC55,232+55,232$4.5M+$4.5M—
FMR LLC54,263+54,263$4.4M+$4.4M—
PINNACLE ASSOCIATES LTD52,362+52,362$4.3M+$4.3M—
UBS Group AG46,586+46,586$3.8M+$3.8M—
INTREPID CAPITAL MANAGEMENT INC46,149+46,149$3.8M+$3.8M—
Bank of New York Mellon Corp45,853+45,853$3.7M+$3.7M—
UBS ASSET MANAGEMENT AMERICAS INC45,444+45,444$3.7M+$3.7M—
JANE STREET GROUP, LLC43,868+43,868$3.6M+$3.6M—
GOLDMAN SACHS GROUP INC42,453+42,453$3.5M+$3.5M—
Boussard & Gavaudan Investment Management LLP41,916+41,916$3.4M+$3.4M—
CSS LLC/IL41,755+41,755$3.4M+$3.4M—
Nuveen, LLC40,422+40,422$3.3M+$3.3M—
GAMCO INVESTORS, INC. ET AL39,699+39,699$3.2M+$3.2M—
Swiss National Bank35,276+35,276$2.9M+$2.9M—
BISLETT MANAGEMENT, LLC35,000+35,000$2.9M+$2.9M—
Yakira Capital Management, Inc.33,526+33,526$2.7M+$2.7M—
SCHWERIN BOYLE CAPITAL MANAGEMENT INC32,567+32,567$2.7M+$2.7M—
Jefferies Financial Group Inc.31,434+31,434$2.6M+$2.6M—
AYAL Capital Advisors Ltd31,000+31,000$2.5M+$2.5M—
State of New Jersey Common Pension Fund D28,268+28,268$2.3M+$2.3M—
Anfield Capital Management, LLC24,178+24,178$2.0M+$2.0M—
Russell Investments Group, Ltd.23,580+23,580$1.9M+$1.9M—
TUDOR INVESTMENT CORP ET AL22,658+22,658$1.8M+$1.8M—
Invesco Ltd.22,610+22,610$1.8M+$1.8M—
CI INVESTMENTS INC.21,698+21,698$1.8M+$1.8M—
TORONTO DOMINION BANK20,000+20,000$1.6M+$1.6M—
RHUMBLINE ADVISERS19,359+19,359$1.6M+$1.6M—
IEQ CAPITAL, LLC19,233+19,233$1.6M+$1.6M—
Verition Fund Management LLC18,500+18,500$1.5M+$1.5M—
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM18,396+18,396$1.5M+$1.5M—
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM17,597+17,597$1.4M+$1.4M—
Legal & General Group Plc17,111+17,111$1.4M+$1.4M—
VIRGINIA RETIREMENT SYSTEMS ET AL17,000+17,000$1.4M+$1.4M—
AQR CAPITAL MANAGEMENT LLC15,215+15,215$1.2M+$1.2M—
Creative Planning12,946+12,946$1.1M+$1.1M—
Summit Trail Advisors, LLC12,448+12,448$1.0M+$1.0M—
Zurcher Kantonalbank (Zurich Cantonalbank)11,768+11,768$959.1K+$959.1K—
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP11,706+11,706$954.0K+$954.0K—
R.H. Dinel Investment Counsel, Inc.9,538+9,538$777.3K+$777.3K—
Illinois Municipal Retirement Fund9,163+9,163$746.8K+$746.8K—
COMMERCE BANK8,982+8,982$732.0K+$732.0K—
FIRST MANHATTAN CO8,828+8,828$719.5K+$719.5K—
NEW YORK STATE COMMON RETIREMENT FUND8,697+8,697$708.8K+$708.8K—
Police & Firemen's Retirement System of New Jersey8,628+8,628$703.2K+$703.2K—
JANUS HENDERSON GROUP PLC7,300+7,300$594.8K+$594.8K—
Oak Thistle LLC7,291+7,291$594.2K+$594.2K—
BROWN ADVISORY INC6,468+6,468$536.6K+$536.6K—
Bleichroeder LP6,047+6,047$501.7K+$501.7K—
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO5,927+5,927$483.1K+$483.1K—
Hosking Partners LLP5,505+5,505$448.7K+$448.7K—
SHERBROOKE PARK ADVISERS LLC5,268+5,268$429.3K+$429.3K—
AMERICAN CENTURY COMPANIES INC5,231+5,231$426.3K+$426.3K—
ALLIANCEBERNSTEIN L.P.5,077+5,077$413.8K+$413.8K—
MILLENNIUM MANAGEMENT LLC5,053+5,053$411.8K+$411.8K—
Arizona State Retirement System4,975+4,975$405.5K+$405.5K—
AIRE ADVISORS, LLC4,715+4,715$384.3K+$384.3K—
Pathstone Holdings, LLC4,580+4,580$373.3K+$373.3K—
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC4,431+4,431$362.5K+$362.5K—
RAYMOND JAMES FINANCIAL INC4,063+4,063$331.1K+$331.1K—
Supplemental Annuity Collective Trust of NJ4,000+4,000$326.0K+$326.0K—
EVERGREEN CAPITAL MANAGEMENT LLC3,817+3,817$311.1K+$311.1K—
CITIGROUP INC3,427+3,427$279.3K+$279.3K—
SEI INVESTMENTS CO3,419+3,419$278.5K+$278.5K—
Neuberger Berman Group LLC3,388+3,388$276.1K+$276.1K—
LPL Financial LLC3,325+3,325$271.0K+$271.0K—
HB Wealth Management, LLC3,231+3,231$263.3K+$263.3K—
BARTLETT & CO. WEALTH MANAGEMENT LLC3,222+3,222$262.6K+$262.6K—
Clearstead Advisors, LLC2,796+2,796$227.9K+$227.9K—
Aspen Grove Capital, LLC2,763+2,763$225.2K+$225.2K—
DEUTSCHE BANK AG\2,751+2,751$224.2K+$224.2K—
Mariner, LLC2,509+2,509$204.5K+$204.5K—
State of Wyoming2,028+2,028$165.3K+$165.3K—
Ancora Advisors, LLC1,918+1,918$156.3K+$156.3K—
WELLS FARGO & COMPANY/MN1,490+1,490$121.4K+$121.4K—
NISA INVESTMENT ADVISORS, LLC1,467+1,467$119.6K+$119.6K—
US BANCORP \DE\1,414+1,414$115.2K+$115.2K—
PNC Financial Services Group, Inc.1,304+1,304$106.3K+$106.3K—
Tower Research Capital LLC (TRC)1,283+1,283$104.6K+$104.6K—
Sterling Capital Management LLC1,218+1,218$99.3K+$99.3K—
Royal Bank of Canada1,158+1,158$95.0K+$95.0K—
Rockefeller Capital Management L.P.908+908$74.0K+$74.0K—
Quent Capital, LLC859+859$70.0K+$70.0K—
BROWN BROTHERS HARRIMAN & CO737+737$60.1K+$60.1K—
AlphaQuest LLC589+589$48.0K+$48.0K—
MASSMUTUAL TRUST CO FSB/ADV541+541$44.1K+$44.1K—
Parallel Advisors, LLC535+535$43.6K+$43.6K—
MAI Capital Management526+526$42.8K+$42.8K—
SRS Capital Advisors, Inc.521+521$42.5K+$42.5K—
SIGNATUREFD, LLC514+514$41.9K+$41.9K—
Camelot Portfolios, LLC513+513$41.8K+$41.8K—
COMERICA BANK482+482$39.3K+$39.3K—
STRS OHIO472+472$38.5K+$38.5K—
SG Americas Securities, LLC437,553+437,553$35.7K+$35.7K—
BARCLAYS PLC415+415$33.8K+$33.8K—
ADVISOR GROUP HOLDINGS, INC.407+407$33.2K+$33.2K—
Quarry LP354+354$28.9K+$28.9K—
Murphy & Mullick Capital Management Corp323+323$26.3K+$26.3K—
MetLife Investment Management, LLC322+322$26.2K+$26.2K—
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.316+316$26.1K+$26.1K—
GAMMA Investing LLC319+319$26.0K+$26.0K—
Dougherty Wealth Advisers LLC299+299$24.4K+$24.4K—
Virtu Financial LLC273,429+273,429$22.3K+$22.3K—
Versant Capital Management, Inc273+273$22.3K+$22.3K—
Larson Financial Group LLC242+242$19.7K+$19.7K—
Allworth Financial LP231+231$18.8K+$18.8K—
QUADRANT CAPITAL GROUP LLC199+199$16.2K+$16.2K—
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA172+172$14.3K+$14.3K—
Smartleaf Asset Management LLC158+158$12.8K+$12.8K—
DELTA ASSET MANAGEMENT LLC/TN150+150$12.2K+$12.2K—
SageView Advisory Group, LLC136+136$11.1K+$11.1K—
Farther Finance Advisors, LLC95+95$7.7K+$7.7K—
CIBC Private Wealth Group, LLC80+80$6.5K+$6.5K—
Manchester Capital Management LLC76+76$6.2K+$6.2K—
HARBOUR INVESTMENTS, INC.68+68$5.5K+$5.5K—
Global Retirement Partners, LLC62+62$5.1K+$5.1K—
Mirae Asset Global Investments Co., Ltd.62+62$5.1K+$5.1K—
JONES FINANCIAL COMPANIES LLLP61+61$5.0K+$5.0K—
Costello Asset Management, INC50+50$4.1K+$4.1K—
S&CO INC47,547+47,547$3.9K+$3.9K—
ASSETMARK, INC42+42$3.4K+$3.4K—
Princeton Global Asset Management LLC33+33$2.7K+$2.7K—
Fortis Group Advisors, LLC26+26$2.1K+$2.1K—
Colonial Trust Co / SC21+21$1.7K+$1.7K—
Anchor Investment Management, LLC21+21$1.7K+$1.7K—
Parkside Financial Bank & Trust21+21$1.7K+$1.7K—
Steigerwald, Gordon & Koch Inc.20+20$1.6K+$1.6K—
TRUST CO OF VERMONT20+20$1.6K+$1.6K—
Millstone Evans Group, LLC19+19$1.5K+$1.5K—
Steward Partners Investment Advisory, LLC18+18$1.5K+$1.5K—
IFP Advisors, Inc18+18$1.5K+$1.5K—
PRICE T ROWE ASSOCIATES INC /MD/16,221+16,221$1.3K+$1.3K—
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO16+16$1.3K+$1.3K—
MONTAG A & ASSOCIATES INC16+16$1.3K+$1.3K—
EverSource Wealth Advisors, LLC15+15$1.2K+$1.2K—
Pinnacle Wealth Planning Services, Inc.14+14$1.1K+$1.1K—
ROTHSCHILD INVESTMENT LLC14+14$1.1K+$1.1K—
Rosenberg Matthew Hamilton14+14$1.1K+$1.1K—
ALGERT GLOBAL LLC11,490+11,490$936+$936—
Clearstead Trust, LLC9+9$734+$734—
Center for Financial Planning, Inc.9+9$734+$734—
Treasurer of the State of North Carolina8,250+8,250$672+$672—
TRUST CO OF TOLEDO NA /OH/8+8$652+$652—
HIGHLINE WEALTH PARTNERS LLC8+8$652+$652—
Handelsbanken Fonder AB6,300+6,300$513+$513—
GHP Investment Advisors, Inc.6+6$489+$489—
True Wealth Design, LLC6+6$489+$489—
Transamerica Financial Advisors, Inc.5+5$408+$408—
Root Financial Partners, LLC4+4$326+$326—
TD PRIVATE CLIENT WEALTH LLC4+4$326+$326—
Allspring Global Investments Holdings, LLC3+3$252+$252—
MV CAPITAL MANAGEMENT, INC.3+3$245+$245—
Align Financial, LLC245+245$245+$245—
PIN OAK INVESTMENT ADVISORS INC2,810+2,810$225+$225—
Janney Montgomery Scott LLC2,587+2,587$211+$211—
Rossby Financial, LCC2+2$163+$163—
Bruce G. Allen Investments, LLC2+2$163+$163—
FIFTH THIRD BANCORP2+2$163+$163—
FIRST HORIZON CORP2+2$163+$163—
CoreCap Advisors, LLC2+2$163+$163—
CVA Family Office, LLC2+2$163+$163—
CWM, LLC1,300+1,300$106+$106—
MidFirst Bank1+1$82+$82—
Hurley Capital, LLC1+1$82+$82—
LGT Financial Advisors LLC1+1$82+$82—
Key Financial Inc1+1$82+$82—
CULLEN/FROST BANKERS, INC.1+1$82+$82—
Elyxium Wealth, LLC1+1$82+$82—
SJS Investment Consulting Inc.1+1$82+$82—
TOTH FINANCIAL ADVISORY CORP1+1$82+$82—
AMALGAMATED BANK967+967$79+$79—
T. Rowe Price Investment Management, Inc.521+521$43+$43—
Dunhill Financial, LLC1+1$41+$41—
Daiwa Securities Group Inc.356+356$29+$29—
BESSEMER GROUP INC313+313$26+$26—
BNP PARIBAS ASSET MANAGEMENT Holding S.A.204+204$17+$17—
Covestor Ltd67+67$5+$5—
Capital Advisors, Ltd. LLC31+31$3+$3—
Avion Wealth4+4$0$0—

Top Holders by reported value

Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.

ManagerShares$ ValueΔ SharesQoQ %
Berkshire Hathaway Inc4,986,588$406.4M+4,986,588—
Linonia Partnership LP2,498,950$203.7M+2,498,950—
VANGUARD GROUP INC2,003,440$163.3M+2,003,440—
ValueAct Holdings, L.P.1,799,319$146.6M+1,799,319—
BANK OF AMERICA CORP /DE/1,618,556$131.9M+1,618,556—
MORGAN STANLEY1,152,499$93.9M+1,152,499—
Sculptor Capital LP1,100,000$89.7M+1,100,000—
Corvex Management LP1,005,434$81.9M+1,005,434—
D. E. Shaw & Co., Inc.958,734$78.1M+958,734—
BlackRock, Inc.947,504$77.2M+947,504—
Alberta Investment Management Corp594,000$48.4M+594,000—
PRINCIPAL FINANCIAL GROUP INC402,017$32.8M+402,017—
JNE Partners LLP368,121$30.0M+368,121—
STATE STREET CORP348,853$28.4M+348,853—
GEODE CAPITAL MANAGEMENT, LLC341,035$27.8M+341,035—
JPMORGAN CHASE & CO244,931$20.0M+244,931—
LMR Partners LLP233,632$19.0M+233,632—
HIGHBRIDGE CAPITAL MANAGEMENT LLC210,332$17.1M+210,332—
AMUNDI189,310$15.4M+189,310—
STATE OF WISCONSIN INVESTMENT BOARD167,512$13.7M+167,512—

New & Closed Positions this quarter

Closed Positions
0 managers exited
Top five by prior-quarter value

No managers exited their positions this quarter.

Methodology

Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.

Quarter-over-quarter deltas compare each manager's most recently reported share count for LLYVK against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.

Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.