Which funds own DOW
Dow HLDGS Inc in the Q2 2026 filings. At least 6 of the 91 current managers on file reported a position, worth $1.3bn 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
- $1.3bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 4
- already held
- Trimmed or sold out
- 3
- 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 |
|---|---|---|---|---|---|
| Two Sigma Investments LP Quantitative · $138bn book | $489m | 0.4% | 17,873,366 | +$301m+13,367,989 | Added |
| AQR Capital Management LLC Quantitative · $287bn book | $430m | 0.1% | 15,698,239 | -$200k+5,381,487 | Added |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $176m | 0.7% | 6,442,341 | +$94m+4,464,192 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $159m | 0.1% | 5,821,255 | -$80m+89,018 | Added |
| Quantbot Technologies LP Quantitative · $2.5bn book | $3.7m | 0.1% | 136,624 | -$5.5m-85,648 | Trimmed |
| PDT Partners LLC Quantitative · $1.9bn book | $3.2m | 0.2% | 117,883 | opened117,883 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Capital Research Global Investors · Long-only$381m held before
- Holocene Advisors LP · Long/short equity$213m held before
Ownership through time
At least 19 of the 95 managers whose filings are on file listed DOW in Q2 2026, against 3 in Q1 2019. The same number as in Q1 2026: 4 started positions; 2 listed it again; 2 sold out, by their own filings; 4 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 2019: 3
- Q2 2019: 14
- Q3 2019: 14
- Q4 2019: 11
- Q1 2020: 12
- Q2 2020: 9
- Q3 2020: 13
- Q4 2020: 18
- Q1 2021: 16
- Q2 2021: 11
- Q3 2021: 14
- Q4 2021: 15
- Q1 2022: 16
- Q2 2022: 18
- Q3 2022: 12
- Q4 2022: 13
- Q1 2023: 12
- Q2 2023: 12
- Q3 2023: 16
- Q4 2023: 9
- Q1 2024: 11
- Q2 2024: 8
- Q3 2024: 6
- Q4 2024: 9
- Q1 2025: 9
- Q2 2025: 8
- Q3 2025: 12
- Q4 2025: 14
- Q1 2026: 19
- Q2 2026: 19
- Q1 2019: $145m
- Q2 2019: $3.3bn
- Q3 2019: $3.5bn
- Q4 2019: $4.1bn
- Q1 2020: $1.9bn
- Q2 2020: $3.5bn
- Q3 2020: $4.1bn
- Q4 2020: $5.0bn
- Q1 2021: $5.3bn
- Q2 2021: $4.7bn
- Q3 2021: $3.7bn
- Q4 2021: $3.2bn
- Q1 2022: $3.4bn
- Q2 2022: $2.2bn
- Q3 2022: $1.6bn
- Q4 2022: $1.8bn
- Q1 2023: $1.5bn
- Q2 2023: $1.3bn
- Q3 2023: $1.4bn
- Q4 2023: $1.1bn
- Q1 2024: $1.2bn
- Q2 2024: $956m
- Q3 2024: $1.0bn
- Q4 2024: $984m
- Q1 2025: $1.2bn
- Q2 2025: $1.1bn
- Q3 2025: $679m
- Q4 2025: $991m
- Q1 2026: $2.9bn
- Q2 2026: $2.3bn
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
- Two Sigma Investments LP4,505,377 to 17,873,366 shares+$366m
- Capital World Investors7,103,018 to 15,744,500 shares+$236m
- AQR Capital Management LLC10,316,752 to 15,698,239 shares+$147m
- Voloridge Investment Management LLC1,978,149 to 6,442,341 shares+$122m
- D. E. Shaw & Co.3,133,461 to 7,313,258 shares+$114m
Largest decreases, by shares
- Neuberger Berman Group LLC6,035,419 to 5,255,328 shares-$21m
- Winton Group Ltd292,212 to 128,300 shares-$4.5m
- Quantbot Technologies LP222,272 to 136,624 shares-$2.3m
- Dodge & Cox9,713 to 9,114 shares-$16k
Left it
- Capital Research Global Investorswas $381m
- Holocene Advisors LPwas $213m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Two Sigma Investments LP | Q3 2025 | $489m | $489m | |
| Capital World Investors | Q2 2019 | $3.5bn | $431m | |
| AQR Capital Management LLC | Q3 2019 | $430m | $430m | |
| D. E. Shaw & Co. | Q4 2021 | $200m | $200m | |
| Voloridge Investment Management LLC | Q4 2021 | $176m | $176m | |
| Marshall Wace LLP | Q1 2020 | $239m | $159m | |
| Neuberger Berman Group LLC | Q1 2021 | $251m | $144m | |
| Millennium Management LLC | Q4 2020 | $221m | $106m | |
| Renaissance Technologies LLC | Q4 2020 | $96m | $79m | |
| Acadian Asset Management LLC | Q1 2021 | $70m | $70m | |
| Man Group PLC | Q4 2020 | $53m | $44m | |
| Brevan Howard Capital Management LP | Q3 2024 | $5.8m | $5.8m | |
| Quantbot Technologies LP | Q2 2019 | $13m | $3.7m | |
| Winton Group Ltd | Q2 2019 | $30m | $3.5m | |
| PDT Partners LLC | Q4 2021 | $3.2m | $3.2m | |
| Capital Research Global Investors | Q2 2019 | $1.2bn | last listed Q1 2026 | |
| T. Rowe Price Associates Inc | Q2 2019 | $714m | last listed Q1 2020 | |
| Wellington Management Group LLP | Q2 2019 | $540m | last listed Q4 2019 | |
| Invesco Ltd | Q2 2019 | $526m | last listed Q1 2026 | |
| Holocene Advisors LP | Q1 2023 | $213m | last listed Q1 2026 | |
| MFS Investment Management | Q1 2019 | $107m | last listed Q1 2025 | |
| Arrowstreet Capital LP | Q1 2020 | $101m | last listed Q1 2023 | |
| Maverick Capital Ltd | Q1 2019 | $91m | last listed Q3 2023 | |
| Two Sigma Advisers LP | Q1 2020 | $84m | last listed Q4 2025 | |
| AllianceBernstein LP | Q2 2019 | $84m | last listed Q4 2023 |
What DOW 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 DOW →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.