Which funds own BN
Brookfield Corp in the Q2 2026 filings. At least 9 of the 91 current managers on file reported a position, worth $10.1bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went the other way: 7 managers trimmed or sold out against 2 buying.
- Managers holding
- 9
- at least, of 91 current
- Combined value
- $10.1bn
- as reported
- Opened
- 0
- new this quarter
- Added to
- 2
- already held
- Trimmed or sold out
- 7
- 1 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 World Investors Long-only · $846bn book | $3.4bn | 0.4% | 78,684,708 | +$19m-3,655,967 | Trimmed |
| Dodge & Cox Activist · $191bn book | $2.6bn | 1.4% | 61,210,651 | +$212m+2,023,796 | Added |
| Pershing Square Capital Management LP Activist · $19.5bn book | $2.4bn | 13% | 57,481,047 | +$32m-2,216,161 | Trimmed |
| Markel Group Inc Activist · $13.1bn book | $557m | 4.2% | 13,073,609 | +$28m0 | Held |
| Akre Capital Management LLC Long-only · $5.1bn book | $516m | 10% | 12,119,927 | -$173m-4,907,150 | Trimmed |
| Neuberger Berman Group LLC Long-only · $150bn book | $300m | 0.2% | 7,053,087 | +$12m-96,591 | Trimmed |
| Baillie Gifford & Co Long-only · $110bn book | $249m | 0.2% | 5,838,391 | -$19m-777,642 | Trimmed |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $67m | 0.3% | 1,566,315 | +$33m+726,653 | Added |
| Lone Pine Capital LLC Long/short equity · $16.4bn book | $34m | 0.2% | 792,717 | -$420m-10,416,252 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Bridgewater Associates LP · Macro$19m held before
Ownership through time
At least 15 of the 95 managers whose filings are on file listed BN in Q2 2026, against 12 in Q4 2022. 1 manager more than in Q1 2026: 3 started positions; 1 sold out, by its own filing; 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.
- Q4 2022: 12
- Q1 2023: 10
- Q2 2023: 11
- Q3 2023: 8
- Q4 2023: 9
- Q1 2024: 11
- Q2 2024: 11
- Q3 2024: 13
- Q4 2024: 13
- Q1 2025: 13
- Q2 2025: 13
- Q3 2025: 15
- Q4 2025: 15
- Q1 2026: 14
- Q2 2026: 15
- Q4 2022: $2.8bn
- Q1 2023: $2.3bn
- Q2 2023: $2.5bn
- Q3 2023: $2.2bn
- Q4 2023: $4.5bn
- Q1 2024: $4.6bn
- Q2 2024: $4.9bn
- Q3 2024: $8.1bn
- Q4 2024: $9.2bn
- Q1 2025: $8.9bn
- Q2 2025: $10.9bn
- Q3 2025: $12.5bn
- Q4 2025: $14.2bn
- Q1 2026: $11.1bn
- Q2 2026: $10.7bn
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
- Dodge & Cox59,186,855 to 61,210,651 shares+$86m
- Arrowstreet Capital LPnew: 1,816,951 shares+$77m
- Voloridge Investment Management LLC839,662 to 1,566,315 shares+$31m
- MFS Investment Management3,632,320 to 4,030,678 shares+$22m
- Quantbot Technologies LPnew: 54,266 shares+$2.3m
Largest decreases, by shares
- Lone Pine Capital LLC11,208,969 to 792,717 shares-$444m
- Akre Capital Management LLC17,027,077 to 12,119,927 shares-$209m
- Capital World Investors82,340,675 to 78,684,708 shares-$156m
- Pershing Square Capital Management LP59,697,208 to 57,481,047 shares-$94m
- D. E. Shaw & Co.3,600,628 to 2,694,174 shares-$39m
Left it
- Bridgewater Associates LPwas $19m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital World Investors | Q4 2022 | $4.7bn | $3.4bn | |
| Dodge & Cox | Q4 2025 | $2.6bn | $2.6bn | |
| Pershing Square Capital Management LP | Q2 2024 | $2.8bn | $2.4bn | |
| Markel Group Inc | Q4 2022 | $600m | $557m | |
| Akre Capital Management LLC | Q4 2022 | $1.3bn | $516m | |
| Neuberger Berman Group LLC | Q4 2022 | $328m | $300m | |
| Baillie Gifford & Co | Q2 2023 | $331m | $249m | |
| MFS Investment Management | Q4 2022 | $218m | $218m | |
| Capital Research Global Investors | Q3 2025 | $174m | $159m | |
| D. E. Shaw & Co. | Q1 2023 | $146m | $115m | |
| Arrowstreet Capital LP | Q2 2026 | $77m | $77m | |
| Voloridge Investment Management LLC | Q4 2022 | $67m | $67m | |
| Lone Pine Capital LLC | Q2 2025 | $731m | $34m | |
| Quantbot Technologies LP | Q4 2022 | $2.3m | $2.3m | |
| PDT Partners LLC | Q2 2024 | $2.2m | $772k | |
| Fidelity (FMR LLC) | Q4 2022 | $768m | last listed Q4 2025 | |
| Soroban Capital Partners LP | Q3 2023 | $590m | last listed Q4 2025 | |
| Third Point LLC | Q3 2024 | $321m | last listed Q4 2025 | |
| Hudson Bay Capital Management LP | Q2 2024 | $270m | last listed Q2 2024 | |
| Invesco Ltd | Q4 2022 | $250m | last listed Q4 2023 | |
| Viking Global Investors LP | Q4 2022 | $228m | last listed Q4 2022 | |
| Wellington Management Group LLP | Q3 2025 | $198m | last listed Q4 2025 | |
| Jane Street Group LLC | Q1 2026 | $167m | last listed Q1 2026 | |
| Renaissance Technologies LLC | Q4 2022 | $79m | last listed Q2 2023 | |
| Bridgewater Associates LP | Q4 2024 | $32m | last listed Q1 2026 |
What BN 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 BN →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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