Which funds own CSCO
Cisco Sys Inc in the Q2 2026 filings. At least 24 of the 91 current managers on file reported a position, worth $48.0bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 24
- at least, of 91 current
- Combined value
- $48.0bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 11
- already held
- Trimmed or sold out
- 13
- 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 |
|---|---|---|---|---|---|
| Invesco Ltd Long-only · $1264bn book | $16.2bn | 1.3% | 138,187,071 | +$5.4bn-1,494,677 | Trimmed |
| Fidelity (FMR LLC) Long-only · $2304bn book | $8.9bn | 0.4% | 76,063,526 | +$3.7bn+8,677,963 | Added |
| Capital Research Global Investors Long-only · $717bn book | $7.9bn | 1.1% | 67,174,294 | +$2.9bn+3,225,190 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $5.1bn | 0.5% | 43,575,065 | +$1.7bn-473,945 | Trimmed |
| Arrowstreet Capital LP Quantitative · $225bn book | $2.3bn | 1.0% | 19,339,431 | +$907m+1,753,474 | Added |
| Wellington Management Group LLP Long-only · $580bn book | $2.0bn | 0.3% | 17,163,058 | -$655m-17,258,707 | Trimmed |
| Jane Street Group LLC Quantitative · $1206bn book | $1.1bn | 0.1% | 9,280,415 | +$1.1bn+9,079,262 | Added |
| AllianceBernstein LP Long-only · $302bn book | $995m | 0.3% | 12,828,322 | -$66m-945,028 | Trimmed |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $692m | 0.8% | 5,894,212 | +$514m+3,601,632 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $658m | 0.4% | 5,602,513 | +$202m-278,734 | Trimmed |
| D. E. Shaw & Co. Quantitative · $210bn book | $481m | 0.2% | 4,092,136 | +$436m+3,510,932 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $419m | 0.3% | 3,565,600 | +$388m+3,162,098 | Added |
| AQR Capital Management LLC Quantitative · $287bn book | $413m | 0.1% | 3,512,188 | +$98m-538,320 | Trimmed |
| Janus Henderson Group Ltd Long-only · $245bn book | $229m | 0.1% | 1,945,554 | +$77m-10,540 | Trimmed |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $112m | 0.4% | 949,309 | +$112m+949,291 | Added |
| Baillie Gifford & Co Long-only · $110bn book | $101m | 0.1% | 863,626 | +$26m-110,338 | Trimmed |
| Woodline Partners LP Long/short equity · $32.4bn book | $101m | 0.3% | 862,114 | +$41m+88,222 | Added |
| Man Group PLC Quantitative · $62.7bn book | $86m | 0.1% | 734,283 | -$51m-1,032,181 | Trimmed |
| Glenview Capital Management LLC Long/short equity · $5.5bn book | $49m | 0.9% | 413,332 | +$22m+73,513 | Added |
| Markel Group Inc Activist · $13.1bn book | $42m | 0.3% | 355,500 | +$14m0 | Held |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $30m | 0.2% | 254,447 | +$24m+182,982 | Added |
| Steadfast Capital Management LP Long/short equity · $3.3bn book | $26m | 0.8% | 219,827 | -$73m-1,054,600 | Trimmed |
| Dodge & Cox Value · $191bn book | $10m | 0.0% | 88,409 | +$2.2m-16,710 | Trimmed |
| Maverick Capital Ltd Long/short equity · $11.3bn book | $1.4m | 0.0% | 11,722 | opened11,722 | New |
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$64m held before
- Winton Group Ltd · Quantitative$6.1m held before
Ownership through time
At least 32 of the 95 managers whose filings are on file listed CSCO in Q2 2026, against 27 in Q2 2013. 4 managers more than in Q1 2026: 3 started positions; 8 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, a filing that reported no holdings, 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: 27
- Q3 2013: 23
- Q4 2013: 21
- Q1 2014: 25
- Q2 2014: 26
- Q3 2014: 26
- Q4 2014: 30
- Q1 2015: 31
- Q2 2015: 26
- Q3 2015: 24
- Q4 2015: 26
- Q1 2016: 29
- Q2 2016: 30
- Q3 2016: 32
- Q4 2016: 28
- Q1 2017: 29
- Q2 2017: 28
- Q3 2017: 23
- Q4 2017: 23
- Q1 2018: 28
- Q2 2018: 32
- Q3 2018: 30
- Q4 2018: 31
- Q1 2019: 25
- Q2 2019: 35
- Q3 2019: 32
- Q4 2019: 30
- Q1 2020: 28
- Q2 2020: 29
- Q3 2020: 27
- Q4 2020: 30
- Q1 2021: 30
- Q2 2021: 26
- Q3 2021: 28
- Q4 2021: 25
- Q1 2022: 32
- Q2 2022: 33
- Q3 2022: 36
- Q4 2022: 36
- Q1 2023: 25
- Q2 2023: 26
- Q3 2023: 33
- Q4 2023: 26
- Q1 2024: 30
- Q2 2024: 31
- Q3 2024: 27
- Q4 2024: 38
- Q1 2025: 33
- Q2 2025: 31
- Q3 2025: 25
- Q4 2025: 25
- Q1 2026: 28
- Q2 2026: 32
- Q2 2013: $15.9bn
- Q3 2013: $14.5bn
- Q4 2013: $12.7bn
- Q1 2014: $14.2bn
- Q2 2014: $16.2bn
- Q3 2014: $17.1bn
- Q4 2014: $20.5bn
- Q1 2015: $19.4bn
- Q2 2015: $18.8bn
- Q3 2015: $17.6bn
- Q4 2015: $17.5bn
- Q1 2016: $16.1bn
- Q2 2016: $16.5bn
- Q3 2016: $18.7bn
- Q4 2016: $17.0bn
- Q1 2017: $19.2bn
- Q2 2017: $17.2bn
- Q3 2017: $17.4bn
- Q4 2017: $18.9bn
- Q1 2018: $19.6bn
- Q2 2018: $18.8bn
- Q3 2018: $20.1bn
- Q4 2018: $16.7bn
- Q1 2019: $20.0bn
- Q2 2019: $20.4bn
- Q3 2019: $16.9bn
- Q4 2019: $13.9bn
- Q1 2020: $11.9bn
- Q2 2020: $14.4bn
- Q3 2020: $12.0bn
- Q4 2020: $14.3bn
- Q1 2021: $16.3bn
- Q2 2021: $16.2bn
- Q3 2021: $17.4bn
- Q4 2021: $19.0bn
- Q1 2022: $15.9bn
- Q2 2022: $11.8bn
- Q3 2022: $11.2bn
- Q4 2022: $38.3bn
- Q1 2023: $13.5bn
- Q2 2023: $13.2bn
- Q3 2023: $14.2bn
- Q4 2023: $12.5bn
- Q1 2024: $12.6bn
- Q2 2024: $12.2bn
- Q3 2024: $13.7bn
- Q4 2024: $17.6bn
- Q1 2025: $18.1bn
- Q2 2025: $17.6bn
- Q3 2025: $16.3bn
- Q4 2025: $26.5bn
- Q1 2026: $31.9bn
- Q2 2026: $49.1bn
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
- Holocene Advisors LP$12m
- Maverick Capital Ltd$1.4m
- PDT Partners LLC$799k
Largest increases, by shares
- Fidelity (FMR LLC)67,385,563 to 76,063,526 shares+$1.0bn
- Acadian Asset Management LLC2,292,580 to 5,894,212 shares+$423m
- Capital Research Global Investors63,949,104 to 67,174,294 shares+$379m
- Arrowstreet Capital LP17,585,957 to 19,339,431 shares+$206m
- Susquehanna International Group LLP3,107,392 to 4,144,218 shares+$122m
Largest decreases, by shares
- Wellington Management Group LLP34,421,765 to 17,163,058 shares-$2.0bn
- Invesco Ltd139,681,748 to 138,187,071 shares-$176m
- Steadfast Capital Management LP1,274,427 to 219,827 shares-$124m
- Man Group PLC1,766,464 to 734,283 shares-$121m
- AllianceBernstein LP13,773,350 to 12,828,322 shares-$73m
Left it
- Bridgewater Associates LPwas $64m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Invesco Ltd | Q2 2013 | $16.2bn | $16.2bn | |
| Fidelity (FMR LLC) | Q2 2013 | $8.9bn | $8.9bn | |
| Capital Research Global Investors | Q2 2013 | $7.9bn | $7.9bn | |
| T. Rowe Price Associates Inc | Q2 2013 | $5.1bn | $5.1bn | |
| Arrowstreet Capital LP | Q1 2017 | $2.3bn | $2.3bn | |
| Wellington Management Group LLP | Q2 2013 | $5.4bn | $2.0bn | |
| Jane Street Group LLC | Q1 2014 | $1.1bn | $1.1bn | |
| AllianceBernstein LP | Q2 2013 | $1.1bn | $995m | |
| Acadian Asset Management LLC | Q3 2013 | $692m | $692m | |
| Neuberger Berman Group LLC | Q2 2013 | $737m | $658m | |
| Susquehanna International Group LLP | Q2 2013 | $487m | $487m | |
| D. E. Shaw & Co. | Q2 2013 | $571m | $481m | |
| Marshall Wace LLP | Q1 2014 | $419m | $419m | |
| AQR Capital Management LLC | Q2 2013 | $905m | $413m | |
| Citadel Advisors LLC | Q1 2017 | $632m | $341m | |
| Eisler Capital Management Ltd | Q2 2021 | $25.5bn | last listed Q2 2024 | |
| Capital World Investors | Q2 2013 | $3.7bn | last listed Q4 2022 | |
| First Eagle Investment Management LLC | Q2 2013 | $1.1bn | last listed Q4 2017 | |
| Harris Associates LP | Q4 2014 | $588m | last listed Q2 2024 | |
| Two Sigma Advisers LP | Q4 2013 | $548m | last listed Q3 2025 | |
| Artisan Partners LP | Q2 2013 | $529m | last listed Q3 2022 | |
| Millennium Management LLC | Q2 2013 | $355m | last listed Q1 2026 | |
| Point72 Asset Management LP | Q4 2017 | $330m | last listed Q4 2025 | |
| Two Sigma Investments LP | Q2 2013 | $244m | last listed Q2 2025 | |
| Balyasny Asset Management LLC | Q2 2013 | $241m | last listed Q2 2025 |
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Susquehanna International Group LLP · calls$1.3bn notional
- Susquehanna International Group LLP · puts$1.0bn notional
- Citadel Advisors LLC · calls$899m notional
- Jane Street Group LLC · calls$883m notional
- Millennium Management LLC · puts$369m notional
- Millennium Management LLC · calls$295m notional
- Tudor Investment Corp · puts$94m notional
- Tudor Investment Corp · calls$54m notional
- Walleye Capital LLC · calls$32m notional
- Brevan Howard Capital Management LP · calls$27m notional
What CSCO 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 CSCO →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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