Which funds own ESI
Element Solutions Inc in the Q2 2026 filings. At least 8 of the 91 current managers on file reported a position, worth $637m 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
- 8
- at least, of 91 current
- Combined value
- $637m
- as reported
- Opened
- 1
- new this quarter
- Added to
- 4
- already held
- Trimmed or sold out
- 3
- 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 |
|---|---|---|---|---|---|
| Neuberger Berman Group LLC Long-only · $150bn book | $276m | 0.2% | 5,777,953 | +$3.9m-2,189,476 | Trimmed |
| Point72 Asset Management LP Multi-strategy · $90.7bn book | $167m | 0.2% | 3,492,787 | +$97m+1,457,425 | Added |
| Holocene Advisors LP Long/short equity · $44.4bn book | $102m | 0.2% | 2,136,910 | +$62m+952,701 | Added |
| Glenview Capital Management LLC Long/short equity · $5.5bn book | $48m | 0.9% | 994,579 | -$8.1m-634,104 | Trimmed |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $18m | 0.1% | 381,843 | opened381,843 | New |
| First Eagle Investment Management LLC Activist · $60.8bn book | $18m | 0.0% | 366,600 | +$16m+310,100 | Added |
| Rokos Capital Management LLP Macro · $26.8bn book | $8.4m | 0.0% | 176,361 | +$4.5m+62,014 | Added |
| Maverick Capital Ltd Long/short equity · $11.3bn book | $600k | 0.0% | 12,812 | -$900k-30,712 | Trimmed |
Ownership through time
At least 16 of the 95 managers whose filings are on file listed ESI in Q2 2026, against 5 in Q1 2019. 3 managers more than in Q1 2026: 3 started positions; 1 listed it again; 1 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: 5
- Q2 2019: 2
- Q3 2019: 4
- Q4 2019: 9
- Q1 2020: 7
- Q2 2020: 7
- Q3 2020: 7
- Q4 2020: 6
- Q1 2021: 8
- Q2 2021: 8
- Q3 2021: 7
- Q4 2021: 10
- Q1 2022: 7
- Q2 2022: 7
- Q3 2022: 5
- Q4 2022: 5
- Q1 2023: 8
- Q2 2023: 10
- Q3 2023: 9
- Q4 2023: 10
- Q1 2024: 11
- Q2 2024: 12
- Q3 2024: 10
- Q4 2024: 14
- Q1 2025: 9
- Q2 2025: 8
- Q3 2025: 8
- Q4 2025: 7
- Q1 2026: 13
- Q2 2026: 16
- Q1 2019: $239m
- Q2 2019: $234m
- Q3 2019: $234m
- Q4 2019: $268m
- Q1 2020: $149m
- Q2 2020: $296m
- Q3 2020: $330m
- Q4 2020: $753m
- Q1 2021: $833m
- Q2 2021: $1.1bn
- Q3 2021: $1.1bn
- Q4 2021: $1.3bn
- Q1 2022: $1.2bn
- Q2 2022: $931m
- Q3 2022: $515m
- Q4 2022: $496m
- Q1 2023: $592m
- Q2 2023: $625m
- Q3 2023: $1.1bn
- Q4 2023: $1.3bn
- Q1 2024: $1.5bn
- Q2 2024: $1.7bn
- Q3 2024: $1.5bn
- Q4 2024: $1.3bn
- Q1 2025: $631m
- Q2 2025: $472m
- Q3 2025: $541m
- Q4 2025: $536m
- Q1 2026: $1.5bn
- Q2 2026: $2.7bn
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
- Balyasny Asset Management LLCnew: 1,759,552 shares+$84m
- Point72 Asset Management LP2,035,362 to 3,492,787 shares+$70m
- Holocene Advisors LP1,184,209 to 2,136,910 shares+$45m
- Woodline Partners LPnew: 561,546 shares+$27m
- ExodusPoint Capital Management LPnew: 381,843 shares+$18m
Largest decreases, by shares
- Fidelity (FMR LLC)20,686,175 to 17,485,379 shares-$153m
- Neuberger Berman Group LLC7,967,429 to 5,777,953 shares-$105m
- Glenview Capital Management LLC1,628,683 to 994,579 shares-$30m
- AllianceBernstein LP5,053,752 to 4,299,908 shares-$26m
- MFS Investment Management3,036,016 to 2,979,257 shares-$2.8m
Left it
No manager on file is shown leaving it.
What ESI 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 ESI →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
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.
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