Which funds own CNX
CNX Resources Corp in the Q2 2026 filings. At least 2 of the 91 current managers on file reported a position, worth $394m 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
- 2
- at least, of 91 current
- Combined value
- $394m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 2
- already held
- Trimmed or sold out
- 4
- 4 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 |
|---|---|---|---|---|---|
| Neuberger Berman Group LLC Long-only · $150bn book | $236m | 0.2% | 6,947,081 | -$31m+37,704 | Added |
| Southeastern Asset Management Inc Activist · $1.9bn book | $158m | 8.3% | 4,663,053 | +$3.5m+648,942 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Tudor Investment Corp · Macro$23m held before
- Voloridge Investment Management LLC · Quantitative$20m held before
- Man Group PLC · Quantitative$19m held before
- Winton Group Ltd · Quantitative$6.9m held before
Ownership through time
At least 9 of the 95 managers whose filings are on file listed CNX in Q2 2026, against 8 in Q4 2017. 2 managers fewer than in Q1 2026: 1 started a position; 1 sold out, by its own filing; 2 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 2017: 8
- Q1 2018: 10
- Q2 2018: 11
- Q3 2018: 7
- Q4 2018: 7
- Q1 2019: 8
- Q2 2019: 6
- Q3 2019: 5
- Q4 2019: 6
- Q1 2020: 3
- Q2 2020: 4
- Q3 2020: 5
- Q4 2020: 3
- Q1 2021: 5
- Q2 2021: 2
- Q3 2021: 5
- Q4 2021: 4
- Q1 2022: 8
- Q2 2022: 11
- Q3 2022: 10
- Q4 2022: 5
- Q1 2023: 5
- Q2 2023: 7
- Q3 2023: 11
- Q4 2023: 10
- Q1 2024: 10
- Q2 2024: 10
- Q3 2024: 10
- Q4 2024: 15
- Q1 2025: 13
- Q2 2025: 12
- Q3 2025: 11
- Q4 2025: 14
- Q1 2026: 11
- Q2 2026: 9
- Q4 2017: $949m
- Q1 2018: $1.0bn
- Q2 2018: $1.2bn
- Q3 2018: $838m
- Q4 2018: $669m
- Q1 2019: $623m
- Q2 2019: $424m
- Q3 2019: $419m
- Q4 2019: $510m
- Q1 2020: $258m
- Q2 2020: $356m
- Q3 2020: $388m
- Q4 2020: $416m
- Q1 2021: $474m
- Q2 2021: $388m
- Q3 2021: $425m
- Q4 2021: $451m
- Q1 2022: $689m
- Q2 2022: $468m
- Q3 2022: $344m
- Q4 2022: $278m
- Q1 2023: $279m
- Q2 2023: $390m
- Q3 2023: $643m
- Q4 2023: $532m
- Q1 2024: $710m
- Q2 2024: $684m
- Q3 2024: $763m
- Q4 2024: $944m
- Q1 2025: $811m
- Q2 2025: $848m
- Q3 2025: $826m
- Q4 2025: $1.0bn
- Q1 2026: $1.0bn
- Q2 2026: $788m
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
- Southeastern Asset Management Inc4,014,111 to 4,663,053 shares+$22m
- Bridgewater Associates LPnew: 188,178 shares+$6.4m
- Neuberger Berman Group LLC6,909,377 to 6,947,081 shares+$1.3m
Largest decreases, by shares
- D. E. Shaw & Co.5,545,446 to 3,530,635 shares-$68m
- Arrowstreet Capital LP3,838,852 to 3,427,394 shares-$14m
- Capital World Investors3,950,000 to 3,596,888 shares-$12m
- Capital Research Global Investors815,039 to 641,336 shares-$5.9m
- Caxton Associates LLP155,831 to 44,316 shares-$3.8m
Left it
- Tudor Investment Corpwas $23m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Neuberger Berman Group LLC | Q3 2023 | $329m | $236m | |
| Southeastern Asset Management Inc | Q4 2017 | $899m | $158m | |
| Capital World Investors | Q4 2017 | $152m | $122m | |
| D. E. Shaw & Co. | Q3 2021 | $235m | $120m | |
| Arrowstreet Capital LP | Q4 2017 | $148m | $116m | |
| Capital Research Global Investors | Q3 2024 | $175m | $22m | |
| GAMCO Investors Inc | Q4 2017 | $7.7m | $6.7m | |
| Bridgewater Associates LP | Q3 2018 | $13m | $6.4m | |
| Caxton Associates LLP | Q1 2019 | $6.0m | $1.5m | |
| AQR Capital Management LLC | Q2 2018 | $85m | last listed Q4 2019 | |
| Millennium Management LLC | Q4 2017 | $75m | last listed Q1 2019 | |
| Woodline Partners LP | Q4 2024 | $72m | last listed Q4 2024 | |
| MFS Investment Management | Q1 2022 | $59m | last listed Q4 2023 | |
| Two Sigma Investments LP | Q4 2017 | $58m | last listed Q4 2025 | |
| Two Sigma Advisers LP | Q4 2017 | $41m | last listed Q4 2025 | |
| Voloridge Investment Management LLC | Q1 2019 | $39m | last listed Q1 2026 | |
| Balyasny Asset Management LLC | Q2 2022 | $36m | last listed Q3 2025 | |
| Marshall Wace LLP | Q2 2018 | $35m | last listed Q3 2023 | |
| Man Group PLC | Q4 2023 | $33m | last listed Q4 2025 |
What CNX 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 CNX →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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