Which funds own DRI
Darden Restaurants Inc in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $4.0bn 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
- 4
- at least, of 91 current
- Combined value
- $4.0bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 2
- already held
- Trimmed or sold out
- 5
- 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 |
|---|---|---|---|---|---|
| Capital World Investors Long-only · $846bn book | $3.1bn | 0.4% | 15,169,444 | +$199m+240,760 | Added |
| Wellington Management Group LLP Long-only · $580bn book | $800m | 0.1% | 3,884,070 | -$543m-2,964,922 | Trimmed |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $39m | 0.2% | 189,376 | opened189,376 | New |
| PDT Partners LLC Quantitative · $1.9bn book | $8.1m | 0.4% | 39,355 | +$6.4m+30,752 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- D. E. Shaw & Co. · Quantitative$26m held before
- Marshall Wace LLP · Quantitative$22m held before
- Man Group PLC · Quantitative$12m held before
- Hudson Bay Capital Management LP · Multi-strategy$7.2m held before
Ownership through time
At least 13 of the 95 managers whose filings are on file listed DRI in Q2 2026, against 6 in Q2 2013. 2 managers more than in Q1 2026: 2 started positions; 3 listed it again; 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.
- Q2 2013: 6
- Q3 2013: 5
- Q4 2013: 3
- Q1 2014: 5
- Q2 2014: 7
- Q3 2014: 8
- Q4 2014: 9
- Q1 2015: 11
- Q2 2015: 13
- Q3 2015: 11
- Q4 2015: 14
- Q1 2016: 13
- Q2 2016: 18
- Q3 2016: 15
- Q4 2016: 11
- Q1 2017: 10
- Q2 2017: 12
- Q3 2017: 12
- Q4 2017: 15
- Q1 2018: 17
- Q2 2018: 24
- Q3 2018: 23
- Q4 2018: 26
- Q1 2019: 24
- Q2 2019: 16
- Q3 2019: 14
- Q4 2019: 15
- Q1 2020: 18
- Q2 2020: 18
- Q3 2020: 14
- Q4 2020: 15
- Q1 2021: 22
- Q2 2021: 17
- Q3 2021: 11
- Q4 2021: 12
- Q1 2022: 11
- Q2 2022: 12
- Q3 2022: 7
- Q4 2022: 15
- Q1 2023: 16
- Q2 2023: 16
- Q3 2023: 15
- Q4 2023: 13
- Q1 2024: 11
- Q2 2024: 11
- Q3 2024: 12
- Q4 2024: 15
- Q1 2025: 17
- Q2 2025: 18
- Q3 2025: 14
- Q4 2025: 12
- Q1 2026: 11
- Q2 2026: 13
- Q2 2013: $909m
- Q3 2013: $837m
- Q4 2013: $1.3bn
- Q1 2014: $1.2bn
- Q2 2014: $1.6bn
- Q3 2014: $2.2bn
- Q4 2014: $2.2bn
- Q1 2015: $2.2bn
- Q2 2015: $1.4bn
- Q3 2015: $1.5bn
- Q4 2015: $1.5bn
- Q1 2016: $1.2bn
- Q2 2016: $982m
- Q3 2016: $635m
- Q4 2016: $646m
- Q1 2017: $724m
- Q2 2017: $715m
- Q3 2017: $707m
- Q4 2017: $1.3bn
- Q1 2018: $1.4bn
- Q2 2018: $2.3bn
- Q3 2018: $2.1bn
- Q4 2018: $2.2bn
- Q1 2019: $2.3bn
- Q2 2019: $2.2bn
- Q3 2019: $2.1bn
- Q4 2019: $1.5bn
- Q1 2020: $987m
- Q2 2020: $1.7bn
- Q3 2020: $2.2bn
- Q4 2020: $3.0bn
- Q1 2021: $2.7bn
- Q2 2021: $3.1bn
- Q3 2021: $3.1bn
- Q4 2021: $3.0bn
- Q1 2022: $2.7bn
- Q2 2022: $2.5bn
- Q3 2022: $2.4bn
- Q4 2022: $2.7bn
- Q1 2023: $3.2bn
- Q2 2023: $3.9bn
- Q3 2023: $3.3bn
- Q4 2023: $3.8bn
- Q1 2024: $3.8bn
- Q2 2024: $3.4bn
- Q3 2024: $3.6bn
- Q4 2024: $3.9bn
- Q1 2025: $4.4bn
- Q2 2025: $5.6bn
- Q3 2025: $4.5bn
- Q4 2025: $5.2bn
- Q1 2026: $5.2bn
- Q2 2026: $4.6bn
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 World Investors14,928,684 to 15,169,444 shares+$50m
- Voloridge Investment Management LLCnew: 189,376 shares+$39m
- AQR Capital Management LLC611,784 to 745,227 shares+$27m
- Arrowstreet Capital LP670,435 to 725,742 shares+$11m
- PDT Partners LLC8,603 to 39,355 shares+$6.3m
Largest decreases, by shares
- Wellington Management Group LLP6,848,992 to 3,884,070 shares-$611m
- Squarepoint Ops LLC288,676 to 225,699 shares-$13m
- Neuberger Berman Group LLC492,067 to 480,911 shares-$2.3m
Left it
- Maverick Capital Ltdwas $675k
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital World Investors | Q4 2017 | $3.2bn | $3.1bn | |
| Wellington Management Group LLP | Q2 2021 | $1.5bn | $800m | |
| AQR Capital Management LLC | Q2 2015 | $465m | $153m | |
| Arrowstreet Capital LP | Q1 2017 | $237m | $150m | |
| MFS Investment Management | Q1 2019 | $241m | $119m | |
| Neuberger Berman Group LLC | Q2 2013 | $111m | $99m | |
| Two Sigma Investments LP | Q2 2013 | $133m | $72m | |
| Squarepoint Ops LLC | Q1 2015 | $203m | $46m | |
| Voloridge Investment Management LLC | Q4 2014 | $74m | $39m | |
| ExodusPoint Capital Management LP | Q4 2018 | $18m | $14m | |
| PDT Partners LLC | Q3 2014 | $8.1m | $8.1m | |
| Brevan Howard Capital Management LP | Q3 2023 | $5.3m | $5.3m | |
| Winton Group Ltd | Q4 2014 | $36m | $1.4m | |
| Starboard Value LP | Q4 2013 | $827m | last listed Q2 2016 | |
| Capital Research Global Investors | Q2 2013 | $784m | last listed Q4 2021 | |
| Fidelity (FMR LLC) | Q2 2014 | $536m | last listed Q1 2015 | |
| Invesco Ltd | Q2 2014 | $418m | last listed Q1 2026 | |
| T. Rowe Price Associates Inc | Q2 2018 | $290m | last listed Q2 2020 | |
| Citadel Advisors LLC | Q2 2018 | $284m | last listed Q1 2025 | |
| Viking Global Investors LP | Q2 2020 | $227m | last listed Q4 2020 | |
| Holocene Advisors LP | Q2 2018 | $209m | last listed Q3 2025 | |
| Millennium Management LLC | Q2 2013 | $167m | last listed Q2 2025 | |
| Two Sigma Advisers LP | Q3 2013 | $164m | last listed Q2 2020 |
What managers have said about DRI
Arguments made in the managers’ own SEC filings, each checked against the filing and reviewed by a person. A view is as filed on its date, not a current recommendation.
Starboard states that it believes Darden is substantially undervalued given its strategic and operational opportunities.
The filing on sec.govLast listed at Q2 2016
What DRI 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 DRI →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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