Free · no sign-up · Q2 2026

Which funds own FE

Firstenergy Corp in the Q2 2026 filings. At least 9 of the 91 current managers on file reported a position, worth $4.3bn 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: 9; at least, of 91 current
Combined value: $4.3bn; as reported
Opened: 5; new this quarter
Added to: 1; already held
Trimmed or sold out: 7; 4 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
Capital World Investors Long-only · $846bn book	$3.7bn	0.4%	77,819,842	-$235m+157,058	Added
Neuberger Berman Group LLC Long-only · $150bn book	$325m	0.2%	6,840,128	-$76m-1,081,346	Trimmed
Hudson Bay Capital Management LP Multi-strategy · $36.8bn book	$207m	0.6%	189,240,000	opened189,240,000	New
Hudson Bay Capital Management LP Multi-strategy · $36.8bn book	$41m	0.1%	854,839	-$13m-201,298	Trimmed
Hudson Bay Capital Management LP Multi-strategy · $36.8bn book	$40m	0.1%	36,000,000	opened36,000,000	New
Brevan Howard Capital Management LP Macro · $13.5bn book	$11m	0.1%	10,000,000	opened10,000,000	New
Brevan Howard Capital Management LP Macro · $13.5bn book	$11m	0.1%	10,000,000	opened10,000,000	New
Oaktree Capital Management LP Activist · $7.2bn book	$4.7m	0.1%	4,280,000	opened4,280,000	New
Caxton Associates LLP Macro · $5.3bn book	$3.1m	0.1%	65,295	-$400k-4,218	Trimmed

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Brevan Howard Capital Management LP · Macro$16m held before
Two Sigma Investments LP · Quantitative$5.4m held before
Man Group PLC · Quantitative$3.8m held before
Man Group PLC · Quantitative$2.8m held before

Ownership through time

At least 13 of the 95 managers whose filings are on file listed FE in Q2 2026, against 11 in Q2 2013. 4 managers more than in Q1 2026: 2 started positions; 3 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.

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

Bridgewater Associates LPnew: 381,107 shares+$18m
Freestone Grove Partners LPnew: 316,577 shares+$15m
Capital World Investors77,662,784 to 77,819,842 shares+$7.5m
T. Rowe Price Associates Inc7,509,931 to 7,652,081 shares+$6.8m
Invesco Ltd11,977,735 to 11,979,418 shares+$80k

Largest decreases, by shares

Millennium Management LLC10,194,994 to 3,116,540 shares-$337m
Neuberger Berman Group LLC7,921,474 to 6,840,128 shares-$51m
Hudson Bay Capital Management LP1,056,137 to 854,839 shares-$9.6m
Caxton Associates LLP69,513 to 65,295 shares-$201k

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Capital World Investors	Q2 2013	$3.9bn	$3.7bn
Invesco Ltd	Q2 2013	$819m	$570m
T. Rowe Price Associates Inc	Q2 2013	$2.2bn	$364m
Neuberger Berman Group LLC	Q2 2018	$421m	$325m
Millennium Management LLC	Q4 2013	$516m	$148m
Marshall Wace LLP	Q4 2015	$150m	$82m
Hudson Bay Capital Management LP	Q4 2017	$54m	$41m
Squarepoint Ops LLC	Q1 2015	$75m	$39m
Bridgewater Associates LP	Q2 2013	$25m	$18m
Freestone Grove Partners LP	Q2 2026	$15m	$15m
Quantbot Technologies LP	Q3 2013	$5.4m	$3.4m
Caxton Associates LLP	Q2 2017	$5.0m	$3.1m
Soros Fund Management LLC	Q3 2018	$6.8m	$996k
MFS Investment Management	Q4 2015	$1.5bn	last listed Q3 2022
Capital Research Global Investors	Q2 2013	$1.3bn	last listed Q3 2016
Elliott Investment Management LP	Q3 2018	$1.1bn	last listed Q2 2019
Fidelity (FMR LLC)	Q2 2013	$997m	last listed Q1 2025
Carl C. Icahn	Q1 2021	$870m	last listed Q4 2023
Wellington Management Group LLP	Q2 2020	$540m	last listed Q2 2023
First Eagle Investment Management LLC	Q2 2013	$512m	last listed Q4 2013
Renaissance Technologies LLC	Q1 2014	$499m	last listed Q4 2025
Soroban Capital Partners LP	Q1 2024	$332m	last listed Q3 2025
AQR Capital Management LLC	Q3 2015	$328m	last listed Q4 2022

What FE 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 FE →

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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