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Which funds own EPD

Enterprise Prods Partners L in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $1.6bn 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: $1.6bn; as reported
Opened: 0; new this quarter
Added to: 2; 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
Invesco Ltd Long-only · $1264bn book	$978m	0.1%	26,616,875	-$30m-29,380	Trimmed
Neuberger Berman Group LLC Long-only · $150bn book	$499m	0.3%	13,560,232	-$18m-80,311	Trimmed
First Eagle Investment Management LLC Activist · $60.8bn book	$72m	0.1%	1,958,036	-$1.5m+16,555	Added
Markel Group Inc Activist · $13.1bn book	$21m	0.2%	569,000	+$13m+367,000	Added

Ownership through time

At least 6 of the 95 managers whose filings are on file listed EPD in Q2 2026, against 6 in Q2 2013. 1 manager more than in Q1 2026: 1 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

No manager on file started a position.

Largest increases, by shares

Markel Group Inc202,000 to 569,000 shares+$13m
First Eagle Investment Management LLC1,941,481 to 1,958,036 shares+$609k
GAMCO Investors Inc205,873 to 206,523 shares+$24k

Largest decreases, by shares

Neuberger Berman Group LLC13,640,543 to 13,560,232 shares-$3.0m
Invesco Ltd26,646,255 to 26,616,875 shares-$1.1m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Invesco Ltd	Q2 2013	$1.0bn	$978m
Neuberger Berman Group LLC	Q2 2013	$835m	$498m
First Eagle Investment Management LLC	Q2 2017	$85m	$72m
Markel Group Inc	Q2 2013	$21m	$21m
Acadian Asset Management LLC	Q1 2014	$20m	$20m
GAMCO Investors Inc	Q2 2019	$7.8m	$7.6m
MFS Investment Management	Q1 2015	$418m	last listed Q2 2022
T. Rowe Price Associates Inc	Q4 2017	$397m	last listed Q1 2019
Fidelity (FMR LLC)	Q2 2018	$396m	last listed Q3 2023
Janus Henderson Group Ltd	Q2 2017	$260m	last listed Q1 2019
Renaissance Technologies LLC	Q2 2013	$123m	last listed Q2 2019
Arrowstreet Capital LP	Q1 2018	$81m	last listed Q1 2021
Appaloosa LP	Q4 2020	$71m	last listed Q3 2023
Balyasny Asset Management LLC	Q2 2013	$61m	last listed Q4 2017
Millennium Management LLC	Q4 2015	$46m	last listed Q3 2016
Moore Capital Management LP	Q1 2020	$41m	last listed Q4 2020

What EPD 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 EPD →

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

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The holdings, every quarter, and the week between

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