Free · no sign-up · Q2 2026

Which funds own ELAN

Elanco Animal Health, Inc. in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $1.8bn 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: $1.8bn; as reported
Opened: 1; new this quarter
Added to: 1; already held
Trimmed or sold out: 2; 0 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
Dodge & Cox Activist · $191bn book	$1.7bn	0.9%	67,397,025	+$8.8m-1,547,075	Trimmed
Marshall Wace LLP Quantitative · $127bn book	$109m	0.1%	4,432,350	+$76m+3,049,938	Added
Freestone Grove Partners LP Multi-strategy · $15.6bn book	$53m	0.3%	2,170,681	opened2,170,681	New
Maverick Capital Ltd Long/short equity · $11.3bn book	$2.4m	0.0%	98,098	-$1.0m-46,359	Trimmed

Ownership through time

At least 10 of the 95 managers whose filings are on file listed ELAN in Q2 2026, against 13 in Q3 2018. 5 managers more than in Q1 2026: 3 started positions; 2 listed it again.

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.

Managers on file listing it

Their combined reported value

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

Fidelity (FMR LLC)50,925,366 to 56,948,819 shares+$148m
Freestone Grove Partners LPnew: 2,170,681 shares+$53m
Holocene Advisors LPnew: 1,694,717 shares+$42m
Woodline Partners LPnew: 1,612,986 shares+$40m

Largest decreases, by shares

Dodge & Cox68,944,100 to 67,397,025 shares-$38m
Capital World Investors3,408,331 to 2,813,674 shares-$15m
ExodusPoint Capital Management LP570,032 to 446,179 shares-$3.0m
Maverick Capital Ltd144,457 to 98,098 shares-$1.1m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Dodge & Cox	Q3 2018	$1.8bn	$1.7bn
Fidelity (FMR LLC)	Q4 2024	$1.4bn	$1.4bn
Citadel Advisors LLC	Q1 2019	$251m	$238m
Marshall Wace LLP	Q2 2019	$112m	$109m
Capital World Investors	Q3 2018	$85m	$69m
Freestone Grove Partners LP	Q4 2024	$77m	$53m
Holocene Advisors LP	Q2 2020	$75m	$42m
Woodline Partners LP	Q4 2020	$74m	$40m
ExodusPoint Capital Management LP	Q4 2018	$17m	$11m
Maverick Capital Ltd	Q4 2020	$51m	$2.4m
T. Rowe Price Associates Inc	Q1 2019	$1.6bn	last listed Q2 2024
Janus Henderson Group Ltd	Q3 2018	$1.1bn	last listed Q1 2023
Sachem Head Capital Management LP	Q3 2020	$966m	last listed Q4 2022
Wellington Management Group LLP	Q4 2018	$911m	last listed Q4 2021
MFS Investment Management	Q3 2018	$623m	last listed Q1 2021
Invesco Ltd	Q2 2019	$418m	last listed Q1 2020
Starboard Value LP	Q1 2021	$264m	last listed Q2 2022
Millennium Management LLC	Q1 2024	$184m	last listed Q4 2025
Neuberger Berman Group LLC	Q1 2019	$165m	last listed Q2 2019
Balyasny Asset Management LLC	Q4 2018	$112m	last listed Q3 2025

What ELAN 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 ELAN →

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.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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

Provided for information purposes only, not financial advice. The holdings indexed here and anything drawn from them are illustrative, produced from assumptions you control, and must not be relied on for any investment, financial or business decision. Read the full notice

Not advice, and not a recommendation. Everything L3VLUP publishes is provided for information purposes only. Nothing here is financial, investment, legal, tax or accounting advice, a personal recommendation, or an offer or solicitation to buy or sell any security or financial instrument. It takes no account of anyone’s objectives, financial situation or needs.

Not a regulated adviser. L3VLUP does not provide regulated financial services. Speak to a suitably qualified and regulated professional before acting on anything you read here.

Illustrative figures. Default values are plausible starting points chosen so a model has somewhere to begin. They are not data, not a view on any company, and not calibrated to anything. Outputs move with whatever you type in.

Third-party data. Where live figures appear they come from third parties, including public filings and market feeds. They may be delayed, incomplete, restated, mis-tagged at source or simply wrong, and their providers do not endorse or verify this page. Every figure links to where it came from — check it there before relying on it. Past performance is not a guide to future performance.

Company names and logos. Names, tickers and logos are the trademarks of their owners and appear only to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, none of them took part in preparing the exercise, and nothing here is a statement by or about any of them. See third-party names and marks.

No warranty, and limited liability. This page is provided “as is” without warranty of any kind. To the fullest extent permitted by law, L3VLUP accepts no liability for any loss or damage arising from use of, or reliance on, anything on it. Nothing in this notice limits any liability that cannot lawfully be limited.

Full terms: Information Purposes and No Advice · Terms

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.