Which funds own ETN
Eaton Corp PLC in the Q2 2026 filings. At least 14 of the 91 current managers on file reported a position, worth $18.2bn 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
- 14
- at least, of 91 current
- Combined value
- $18.2bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 6
- already held
- Trimmed or sold out
- 9
- 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 |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $3.6bn | 0.2% | 8,331,531 | +$531m-110,723 | Trimmed |
| Wellington Management Group LLP Long-only · $580bn book | $2.9bn | 0.5% | 6,827,266 | +$868m+1,120,567 | Added |
| Coatue Management LLC Long/short equity · $48.6bn book | $2.1bn | 4.4% | 4,968,415 | +$419m+219,917 | Added |
| MFS Investment Management Long-only · $315bn book | $2.1bn | 0.7% | 4,880,412 | +$403m+192,048 | Added |
| Janus Henderson Group Ltd Long-only · $245bn book | $2.0bn | 0.8% | 4,783,133 | +$233m-309,228 | Trimmed |
| AllianceBernstein LP Long-only · $302bn book | $1.7bn | 0.5% | 4,622,743 | +$594m+1,295,340 | Added |
| Invesco Ltd Long-only · $1264bn book | $1.5bn | 0.1% | 3,567,633 | +$900k-680,262 | Trimmed |
| T. Rowe Price Associates Inc Long-only · $999bn book | $1.1bn | 0.1% | 2,497,387 | +$738m+1,585,861 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $625m | 0.4% | 1,467,698 | +$90m-28,937 | Trimmed |
| Baillie Gifford & Co Long-only · $110bn book | $255m | 0.2% | 598,890 | +$34m-18,476 | Trimmed |
| Artisan Partners LP Long-only · $63.1bn book | $157m | 0.2% | 368,110 | -$41m-184,900 | Trimmed |
| Man Group PLC Quantitative · $62.7bn book | $109m | 0.2% | 255,284 | -$23m-112,834 | Trimmed |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $49m | 0.2% | 114,225 | +$47m+108,441 | Added |
| Brevan Howard Capital Management LP Macro · $13.5bn book | $16m | 0.1% | 37,610 | opened37,610 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Marshall Wace LLP · Quantitative$48m held before
- Bridgewater Associates LP · Macro$7.0m held before
Ownership through time
At least 6 of the 32 managers whose filings are on file listed ETN in Q2 2026, against 3 in Q2 2013. 1 manager fewer than in Q1 2026: 2 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: 3
- Q3 2013: 5
- Q4 2013: 2
- Q1 2014: 2
- Q2 2014: 5
- Q3 2014: 8
- Q4 2014: 5
- Q1 2015: 10
- Q2 2015: 6
- Q3 2015: 10
- Q4 2015: 8
- Q1 2016: 8
- Q2 2016: 4
- Q3 2016: 12
- Q4 2016: 9
- Q1 2017: 4
- Q2 2017: 7
- Q3 2017: 5
- Q4 2017: 15
- Q1 2018: 12
- Q2 2018: 5
- Q3 2018: 10
- Q4 2018: 6
- Q1 2019: 12
- Q2 2019: 8
- Q3 2019: 8
- Q4 2019: 8
- Q1 2020: 6
- Q2 2020: 9
- Q3 2020: 5
- Q4 2020: 8
- Q1 2021: 11
- Q2 2021: 7
- Q3 2021: 11
- Q4 2021: 10
- Q1 2022: 6
- Q2 2022: 12
- Q3 2022: 8
- Q4 2022: 12
- Q1 2023: 12
- Q2 2023: 10
- Q3 2023: 7
- Q4 2023: 14
- Q1 2024: 15
- Q2 2024: 21
- Q3 2024: 19
- Q4 2024: 14
- Q1 2025: 14
- Q2 2025: 10
- Q3 2025: 8
- Q4 2025: 16
- Q1 2026: 7
- Q2 2026: 6
- Q2 2013: $87m
- Q3 2013: $145m
- Q4 2013: $44m
- Q1 2014: $25m
- Q2 2014: $91m
- Q3 2014: $160m
- Q4 2014: $202m
- Q1 2015: $324m
- Q2 2015: $122m
- Q3 2015: $548m
- Q4 2015: $375m
- Q1 2016: $396m
- Q2 2016: $150m
- Q3 2016: $267m
- Q4 2016: $463m
- Q1 2017: $163m
- Q2 2017: $201m
- Q3 2017: $126m
- Q4 2017: $589m
- Q1 2018: $732m
- Q2 2018: $239m
- Q3 2018: $462m
- Q4 2018: $356m
- Q1 2019: $490m
- Q2 2019: $487m
- Q3 2019: $373m
- Q4 2019: $1.0bn
- Q1 2020: $409m
- Q2 2020: $239m
- Q3 2020: $188m
- Q4 2020: $497m
- Q1 2021: $407m
- Q2 2021: $307m
- Q3 2021: $460m
- Q4 2021: $604m
- Q1 2022: $183m
- Q2 2022: $665m
- Q3 2022: $742m
- Q4 2022: $637m
- Q1 2023: $382m
- Q2 2023: $594m
- Q3 2023: $1.0bn
- Q4 2023: $1.8bn
- Q1 2024: $2.4bn
- Q2 2024: $2.9bn
- Q3 2024: $3.3bn
- Q4 2024: $2.3bn
- Q1 2025: $1.9bn
- Q2 2025: $2.3bn
- Q3 2025: $2.2bn
- Q4 2025: $2.8bn
- Q1 2026: $2.0bn
- 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
No manager on file started a position.
Largest increases, by shares
- Coatue Management LLC4,748,498 to 4,968,415 shares+$94m
Largest decreases, by shares
- Man Group PLC368,118 to 255,284 shares-$48m
- Hudson Bay Capital Management LP18,000 to 15,000 shares-$1.3m
- Schonfeld Strategic Advisors LLC22,086 to 20,708 shares-$587k
Left it
- Marshall Wace LLPwas $48m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Coatue Management LLC | Q2 2023 | $2.1bn | $2.1bn | |
| Man Group PLC | Q3 2018 | $292m | $109m | |
| Walleye Capital LLC | Q3 2020 | $49m | $49m | |
| Squarepoint Ops LLC | Q1 2015 | $66m | $35m | |
| Schonfeld Strategic Advisors LLC | Q1 2016 | $62m | $8.8m | |
| Hudson Bay Capital Management LP | Q1 2018 | $33m | $6.4m | |
| Citadel Advisors LLC | Q4 2019 | $483m | last listed Q1 2025 | |
| Millennium Management LLC | Q2 2013 | $363m | last listed Q4 2025 | |
| AQR Capital Management LLC | Q1 2015 | $331m | last listed Q1 2026 | |
| Balyasny Asset Management LLC | Q2 2013 | $261m | last listed Q3 2025 | |
| Viking Global Investors LP | Q4 2014 | $209m | last listed Q4 2016 | |
| Jane Street Group LLC | Q3 2017 | $195m | last listed Q4 2025 | |
| Two Sigma Investments LP | Q2 2013 | $189m | last listed Q4 2025 | |
| D. E. Shaw & Co. | Q2 2014 | $173m | last listed Q4 2025 | |
| Arrowstreet Capital LP | Q4 2017 | $173m | last listed Q3 2024 | |
| Two Sigma Advisers LP | Q3 2014 | $131m | last listed Q4 2025 |
What ETN 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 ETN →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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