Which funds own AES
Aes Corp in the Q2 2026 filings. At least 6 of the 91 current managers on file reported a position, worth $985m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 6
- at least, of 91 current
- Combined value
- $985m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 5
- already held
- Trimmed or sold out
- 4
- 3 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $508m | 0.6% | 34,633,491 | +$350m+23,450,130 | Added |
| Millennium Management LLC Multi-strategy · $276bn book | $312m | 0.1% | 21,304,566 | +$173m+11,378,836 | Added |
| Verition Fund Management LLC Multi-strategy · $19.7bn book | $66m | 0.3% | 4,521,365 | +$1.4m-81,335 | Trimmed |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $52m | 0.2% | 3,544,629 | +$11m+654,278 | Added |
| Winton Group Ltd Quantitative · $3.1bn book | $27m | 0.9% | 1,828,033 | +$4.8m+269,008 | Added |
| GAMCO Investors Inc Activist · $11.1bn book | $20m | 0.2% | 1,339,300 | +$1.6m+60,700 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Soros Fund Management LLC · Macro$22m held before
- Caxton Associates LLP · Macro$10m held before
- Bridgewater Associates LP · Macro$2.6m held before
Ownership through time
At least 11 of the 95 managers whose filings are on file listed AES in Q2 2026, against 8 in Q2 2013. 3 managers fewer than in Q1 2026: 2 sold out, by their own filings; 1 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 8
- Q3 2013: 7
- Q4 2013: 9
- Q1 2014: 10
- Q2 2014: 11
- Q3 2014: 5
- Q4 2014: 8
- Q1 2015: 7
- Q2 2015: 5
- Q3 2015: 8
- Q4 2015: 4
- Q1 2016: 7
- Q2 2016: 5
- Q3 2016: 5
- Q4 2016: 8
- Q1 2017: 12
- Q2 2017: 11
- Q3 2017: 13
- Q4 2017: 11
- Q1 2018: 13
- Q2 2018: 10
- Q3 2018: 10
- Q4 2018: 18
- Q1 2019: 17
- Q2 2019: 11
- Q3 2019: 14
- Q4 2019: 15
- Q1 2020: 15
- Q2 2020: 12
- Q3 2020: 12
- Q4 2020: 16
- Q1 2021: 12
- Q2 2021: 15
- Q3 2021: 19
- Q4 2021: 14
- Q1 2022: 15
- Q2 2022: 9
- Q3 2022: 9
- Q4 2022: 11
- Q1 2023: 10
- Q2 2023: 14
- Q3 2023: 13
- Q4 2023: 11
- Q1 2024: 14
- Q2 2024: 11
- Q3 2024: 12
- Q4 2024: 14
- Q1 2025: 11
- Q2 2025: 9
- Q3 2025: 8
- Q4 2025: 9
- Q1 2026: 14
- Q2 2026: 11
- Q2 2013: $1.6bn
- Q3 2013: $1.7bn
- Q4 2013: $1.8bn
- Q1 2014: $1.7bn
- Q2 2014: $1.5bn
- Q3 2014: $1.3bn
- Q4 2014: $1.4bn
- Q1 2015: $1.5bn
- Q2 2015: $1.7bn
- Q3 2015: $1.2bn
- Q4 2015: $1.3bn
- Q1 2016: $1.5bn
- Q2 2016: $1.4bn
- Q3 2016: $1.3bn
- Q4 2016: $979m
- Q1 2017: $702m
- Q2 2017: $373m
- Q3 2017: $754m
- Q4 2017: $838m
- Q1 2018: $1.1bn
- Q2 2018: $1.4bn
- Q3 2018: $1.3bn
- Q4 2018: $1.5bn
- Q1 2019: $1.9bn
- Q2 2019: $1.5bn
- Q3 2019: $1.7bn
- Q4 2019: $2.9bn
- Q1 2020: $2.0bn
- Q2 2020: $2.1bn
- Q3 2020: $2.7bn
- Q4 2020: $3.7bn
- Q1 2021: $3.6bn
- Q2 2021: $3.2bn
- Q3 2021: $2.4bn
- Q4 2021: $2.6bn
- Q1 2022: $3.1bn
- Q2 2022: $2.5bn
- Q3 2022: $3.0bn
- Q4 2022: $3.8bn
- Q1 2023: $3.1bn
- Q2 2023: $2.4bn
- Q3 2023: $1.7bn
- Q4 2023: $2.6bn
- Q1 2024: $2.0bn
- Q2 2024: $1.6bn
- Q3 2024: $1.7bn
- Q4 2024: $1.4bn
- Q1 2025: $1.0bn
- Q2 2025: $379m
- Q3 2025: $320m
- Q4 2025: $254m
- Q1 2026: $610m
- Q2 2026: $1.1bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
No manager on file started a position.
Largest increases, by shares
- Balyasny Asset Management LLC11,183,361 to 34,633,491 shares+$344m
- Millennium Management LLC9,925,730 to 21,304,566 shares+$167m
- Man Group PLC2,071,337 to 4,444,679 shares+$35m
- Voloridge Investment Management LLC2,890,351 to 3,544,629 shares+$9.6m
- Winton Group Ltd1,559,025 to 1,828,033 shares+$3.9m
Largest decreases, by shares
- Quantbot Technologies LP619,507 to 199,527 shares-$6.2m
- Woodline Partners LP2,369,108 to 1,954,544 shares-$6.1m
- Hudson Bay Capital Management LP1,950,000 to 1,600,000 shares-$5.1m
- Verition Fund Management LLC4,602,700 to 4,521,365 shares-$1.2m
Left it
- Soros Fund Management LLCwas $22m
- Caxton Associates LLPwas $10m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Balyasny Asset Management LLC | Q1 2014 | $508m | $508m | |
| Millennium Management LLC | Q2 2013 | $312m | $312m | |
| Verition Fund Management LLC | Q1 2015 | $66m | $66m | |
| Man Group PLC | Q1 2019 | $65m | $65m | |
| Voloridge Investment Management LLC | Q3 2015 | $52m | $52m | |
| Woodline Partners LP | Q1 2026 | $33m | $29m | |
| Winton Group Ltd | Q2 2014 | $27m | $27m | |
| Hudson Bay Capital Management LP | Q3 2023 | $27m | $23m | |
| GAMCO Investors Inc | Q2 2013 | $20m | $20m | |
| Moore Capital Management LP | Q2 2014 | $5.6m | $5.0m | |
| Quantbot Technologies LP | Q4 2013 | $9.3m | $2.9m | |
| Capital World Investors | Q1 2018 | $2.0bn | last listed Q4 2025 | |
| Fidelity (FMR LLC) | Q2 2013 | $1.6bn | last listed Q1 2025 | |
| T. Rowe Price Associates Inc | Q2 2013 | $1.2bn | last listed Q4 2020 | |
| Wellington Management Group LLP | Q3 2022 | $477m | last listed Q4 2023 | |
| MFS Investment Management | Q2 2013 | $370m | last listed Q2 2025 | |
| Renaissance Technologies LLC | Q2 2014 | $270m | last listed Q3 2021 | |
| AQR Capital Management LLC | Q1 2014 | $191m | last listed Q3 2019 | |
| Invesco Ltd | Q1 2018 | $160m | last listed Q1 2019 | |
| Third Point LLC | Q1 2021 | $140m | last listed Q4 2021 | |
| Janus Henderson Group Ltd | Q4 2013 | $127m | last listed Q2 2020 |
What AES is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around AES →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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