Free · no sign-up · Q2 2026

Which funds own EXP

Eagle Matls Inc in the Q2 2026 filings. At least 5 of the 91 current managers on file reported a position, worth $580m 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: 5; at least, of 91 current
Combined value: $580m; as reported
Opened: 0; new this quarter
Added to: 3; already held
Trimmed or sold out: 3; 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
AllianceBernstein LP Long-only · $302bn book	$234m	0.1%	1,232,554	+$4.2m+123,092	Added
Neuberger Berman Group LLC Long-only · $150bn book	$200m	0.1%	889,261	+$59m+142,644	Added
Baupost Group LLC Activist · $5.4bn book	$119m	2.2%	530,763	-$50m-362,000	Trimmed
Verition Fund Management LLC Multi-strategy · $19.7bn book	$24m	0.1%	104,915	+$5.6m+9,733	Added
Markel Group Inc Activist · $13.1bn book	$3.3m	0.0%	14,750	+$500k0	Held

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$18m held before
First Eagle Investment Management LLC · Activist$12m held before

Ownership through time

At least 9 of the 95 managers whose filings are on file listed EXP in Q2 2026, against 6 in Q2 2013. The same number as in Q1 2026: 2 listed it again; 1 sold out, by its own filing; 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.

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

Neuberger Berman Group LLC746,617 to 889,261 shares+$32m
AllianceBernstein LP1,109,462 to 1,232,554 shares+$23m
Verition Fund Management LLC95,182 to 104,915 shares+$2.2m

Largest decreases, by shares

Baupost Group LLC892,763 to 530,763 shares-$81m
Fidelity (FMR LLC)3,644,570 to 3,627,934 shares-$3.7m
Holocene Advisors LP33,481 to 27,598 shares-$1.3m

Left it

First Eagle Investment Management LLCwas $12m

Manager	First listed	Largest	Q2 2026
Fidelity (FMR LLC)	Q1 2014	$1.1bn	$816m
AllianceBernstein LP	Q1 2026	$234m	$234m
Neuberger Berman Group LLC	Q2 2013	$421m	$200m
AQR Capital Management LLC	Q4 2022	$180m	$180m
Baupost Group LLC	Q1 2024	$245m	$119m
Verition Fund Management LLC	Q2 2013	$24m	$24m
Voloridge Investment Management LLC	Q4 2016	$23m	$15m
Holocene Advisors LP	Q2 2018	$6.3m	$6.2m
Markel Group Inc	Q1 2025	$3.4m	$3.3m
Sachem Head Capital Management LP	Q1 2019	$340m	last listed Q3 2020
Invesco Ltd	Q3 2015	$291m	last listed Q3 2024
Citadel Advisors LLC	Q3 2017	$170m	last listed Q3 2018
Maverick Capital Ltd	Q1 2017	$151m	last listed Q1 2024
Wellington Management Group LLP	Q2 2014	$147m	last listed Q4 2014
Janus Henderson Group Ltd	Q4 2020	$103m	last listed Q3 2024
Millennium Management LLC	Q4 2013	$92m	last listed Q3 2022
Balyasny Asset Management LLC	Q2 2013	$72m	last listed Q4 2020
Point72 Asset Management LP	Q2 2015	$66m	last listed Q4 2021
MFS Investment Management	Q1 2014	$65m	last listed Q2 2015

What EXP 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 EXP →

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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