Which funds own AFRM
Affirm HLDGS Inc in the Q2 2026 filings. At least 9 of the 91 current managers on file reported a position, worth $5.1bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 7 managers opened or added against 4 cutting.
- Managers holding
- 9
- at least, of 91 current
- Combined value
- $5.1bn
- as reported
- Opened
- 0
- new this quarter
- Added to
- 7
- already held
- Trimmed or sold out
- 4
- 2 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 |
|---|---|---|---|---|---|
| Capital Research Global Investors Long-only · $717bn book | $2.1bn | 0.3% | 26,000,572 | +$994m+1,408,539 | Added |
| Capital World Investors Long-only · $846bn book | $1.9bn | 0.2% | 23,115,136 | +$854m+602,213 | Added |
| Baillie Gifford & Co Long-only · $110bn book | $478m | 0.4% | 5,856,569 | +$235m+554,272 | Added |
| Durable Capital Partners LP Long/short equity · $10.3bn book | $361m | 3.5% | 4,425,406 | +$102m-1,224,028 | Trimmed |
| D1 Capital Partners LP Long/short equity · $34.8bn book | $156m | 0.4% | 1,908,511 | +$67m-28,389 | Trimmed |
| Holocene Advisors LP Long/short equity · $44.4bn book | $57m | 0.1% | 703,463 | +$50m+533,437 | Added |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $46m | 0.2% | 569,152 | +$32m+251,429 | Added |
| Oaktree Capital Management LP Activist · $7.2bn book | $34m | 0.5% | 34,815,000 | +$23m+23,278,000 | Added |
| Polen Capital Management LLC Long-only · $11.6bn book | $700k | 0.0% | 8,958 | +$500k+4,195 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Winton Group Ltd · Quantitative$5.9m held before
- Farallon Capital Management LLC · Long/short equity$4.9m held before
Ownership through time
At least 14 of the 95 managers whose filings are on file listed AFRM in Q2 2026, against 14 in Q1 2021. 3 managers fewer than in Q1 2026: 2 started positions; 2 listed it again; 1 sold out, by its own filing; 6 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.
- Q1 2021: 14
- Q2 2021: 11
- Q3 2021: 14
- Q4 2021: 13
- Q1 2022: 5
- Q2 2022: 7
- Q3 2022: 5
- Q4 2022: 3
- Q1 2023: 4
- Q2 2023: 5
- Q3 2023: 9
- Q4 2023: 16
- Q1 2024: 12
- Q2 2024: 13
- Q3 2024: 15
- Q4 2024: 21
- Q1 2025: 18
- Q2 2025: 23
- Q3 2025: 20
- Q4 2025: 18
- Q1 2026: 17
- Q2 2026: 14
- Q1 2021: $1.9bn
- Q2 2021: $2.5bn
- Q3 2021: $6.1bn
- Q4 2021: $5.4bn
- Q1 2022: $2.9bn
- Q2 2022: $1.0bn
- Q3 2022: $1.1bn
- Q4 2022: $545m
- Q1 2023: $747m
- Q2 2023: $1.0bn
- Q3 2023: $1.7bn
- Q4 2023: $4.4bn
- Q1 2024: $2.8bn
- Q2 2024: $2.2bn
- Q3 2024: $2.8bn
- Q4 2024: $4.9bn
- Q1 2025: $3.3bn
- Q2 2025: $5.8bn
- Q3 2025: $6.0bn
- Q4 2025: $6.3bn
- Q1 2026: $4.1bn
- Q2 2026: $6.8bn
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
Largest increases, by shares
- Capital Research Global Investors24,592,033 to 26,000,572 shares+$115m
- Capital World Investors22,512,923 to 23,115,136 shares+$49m
- Baillie Gifford & Co5,302,297 to 5,856,569 shares+$45m
- Holocene Advisors LP170,026 to 703,463 shares+$44m
- Fidelity (FMR LLC)17,294,381 to 17,581,656 shares+$23m
Largest decreases, by shares
- Marshall Wace LLP2,707,974 to 950,683 shares-$143m
- Durable Capital Partners LP5,649,434 to 4,425,406 shares-$100m
- D1 Capital Partners LP1,936,900 to 1,908,511 shares-$2.3m
Left it
- Farallon Capital Management LLCwas $4.9m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital Research Global Investors | Q1 2021 | $2.1bn | $2.1bn | |
| Capital World Investors | Q1 2023 | $1.9bn | $1.9bn | |
| Fidelity (FMR LLC) | Q1 2021 | $1.4bn | $1.4bn | |
| Baillie Gifford & Co | Q1 2021 | $1.6bn | $478m | |
| Durable Capital Partners LP | Q1 2021 | $511m | $361m | |
| D1 Capital Partners LP | Q1 2025 | $156m | $156m | |
| Millennium Management LLC | Q3 2024 | $120m | $120m | |
| Marshall Wace LLP | Q4 2023 | $326m | $78m | |
| Holocene Advisors LP | Q2 2021 | $113m | $57m | |
| Neuberger Berman Group LLC | Q4 2025 | $82m | $56m | |
| Schonfeld Strategic Advisors LLC | Q3 2024 | $46m | $46m | |
| ExodusPoint Capital Management LP | Q4 2024 | $14m | $5.9m | |
| Quantbot Technologies LP | Q4 2023 | $3.5m | $3.5m | |
| Polen Capital Management LLC | Q2 2025 | $2.5m | $731k | |
| T. Rowe Price Associates Inc | Q3 2021 | $1.3bn | last listed Q2 2025 | |
| D. E. Shaw & Co. | Q4 2021 | $461m | last listed Q2 2025 | |
| Wellington Management Group LLP | Q1 2021 | $460m | last listed Q1 2026 | |
| Invesco Ltd | Q3 2025 | $317m | last listed Q4 2025 | |
| Lone Pine Capital LLC | Q4 2025 | $284m | last listed Q4 2025 | |
| Two Sigma Advisers LP | Q3 2023 | $231m | last listed Q4 2024 | |
| Two Sigma Investments LP | Q4 2021 | $221m | last listed Q4 2024 | |
| Citadel Advisors LLC | Q1 2026 | $187m | last listed Q1 2026 | |
| Coatue Management LLC | Q3 2021 | $160m | last listed Q4 2024 | |
| Voloridge Investment Management LLC | Q3 2021 | $148m | last listed Q3 2025 |
What AFRM 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 AFRM →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.
Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More
The holdings, every quarter, and the week between
One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.
One email a week, free, and you can leave at any point.