Which funds own FERG
Ferguson Enterprises Inc in the Q2 2026 filings. At least 18 of the 91 current managers on file reported a position, worth $9.8bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 15 managers opened or added against 8 cutting.
- Managers holding
- 18
- at least, of 91 current
- Combined value
- $9.8bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 13
- already held
- Trimmed or sold out
- 8
- 6 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 | $1.8bn | 0.1% | 7,559,923 | -$35m-287,383 | Trimmed |
| Janus Henderson Group Ltd Long-only · $245bn book | $1.8bn | 0.7% | 7,538,616 | +$365m+1,431,508 | Added |
| Wellington Management Group LLP Long-only · $580bn book | $1.7bn | 0.3% | 7,209,558 | -$269m-1,278,763 | Trimmed |
| Durable Capital Partners LP Long/short equity · $10.3bn book | $707m | 6.9% | 2,979,735 | +$196m+787,760 | Added |
| Soroban Capital Partners LP Long/short equity · $47.8bn book | $576m | 1.2% | 2,428,771 | +$17m+30,404 | Added |
| MFS Investment Management Long-only · $315bn book | $518m | 0.2% | 2,174,605 | +$84m+324,075 | Added |
| Capital Research Global Investors Long-only · $717bn book | $502m | 0.1% | 2,116,289 | +$14m+21,410 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $475m | 0.4% | 2,001,407 | +$285m+1,186,710 | Added |
| Baupost Group LLC Activist · $5.4bn book | $344m | 6.4% | 1,450,594 | +$7.8m+8,183 | Added |
| Holocene Advisors LP Long/short equity · $44.4bn book | $308m | 0.7% | 1,298,505 | +$81m+324,627 | Added |
| D1 Capital Partners LP Long/short equity · $34.8bn book | $304m | 0.9% | 1,282,038 | +$223m+932,691 | Added |
| Millennium Management LLC Multi-strategy · $276bn book | $248m | 0.1% | 1,046,336 | opened1,046,336 | New |
| Egerton Capital UK LLP Long/short equity · $10.4bn book | $239m | 2.3% | 1,006,024 | +$91m+371,766 | Added |
| First Eagle Investment Management LLC Value · $60.8bn book | $156m | 0.3% | 659,054 | +$8.7m+25,745 | Added |
| Man Group PLC Quantitative · $62.7bn book | $95m | 0.2% | 401,395 | +$82m+345,165 | Added |
| Markel Group Inc Activist · $13.1bn book | $43m | 0.3% | 180,200 | +$2.9m+9,500 | Added |
| Rokos Capital Management LLP Macro · $26.8bn book | $8.2m | 0.0% | 34,766 | opened34,766 | New |
| Ruane Cunniff & Goldfarb LP Value · $6.4bn book | $200k | 0.0% | 1,000 | unchanged0 | Held |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Voloridge Investment Management LLC · Quantitative$24m held before
- ExodusPoint Capital Management LP · Multi-strategy$11m held before
- Acadian Asset Management LLC · Quantitative$3.2m held before
- Moore Capital Management LP · Macro$3.2m held before
- Verition Fund Management LLC · Multi-strategy$3.1m held before
- Steadfast Capital Management LP · Long/short equity$1.5m held before
Ownership through time
At least 27 of the 95 managers whose filings are on file listed FERG in Q2 2026, against 29 in Q3 2024. The same number as in Q1 2026: 3 started positions; 1 listed it again; 1 sold out, by its own filing; 3 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, 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.
- Q3 2024: 29
- Q4 2024: 27
- Q1 2025: 22
- Q2 2025: 28
- Q3 2025: 36
- Q4 2025: 33
- Q1 2026: 27
- Q2 2026: 27
- Q3 2024: $6.8bn
- Q4 2024: $6.0bn
- Q1 2025: $6.2bn
- Q2 2025: $8.4bn
- Q3 2025: $8.6bn
- Q4 2025: $9.0bn
- Q1 2026: $9.5bn
- Q2 2026: $10.6bn
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
- Janus Henderson Group Ltd6,107,108 to 7,538,616 shares+$340m
- Marshall Wace LLP814,697 to 2,001,407 shares+$282m
- Millennium Management LLCnew: 1,046,336 shares+$248m
- D1 Capital Partners LP349,347 to 1,282,038 shares+$221m
- Durable Capital Partners LP2,191,975 to 2,979,735 shares+$187m
Largest decreases, by shares
- Wellington Management Group LLP8,488,321 to 7,209,558 shares-$303m
- Fidelity (FMR LLC)7,847,306 to 7,559,923 shares-$68m
- Balyasny Asset Management LLC547,072 to 379,746 shares-$40m
- Invesco Ltd2,250,331 to 2,120,943 shares-$31m
- Artisan Partners LP130,031 to 83,517 shares-$11m
Left it
- Steadfast Capital Management LPwas $1.5m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Fidelity (FMR LLC) | Q3 2024 | $1.8bn | $1.8bn | |
| Janus Henderson Group Ltd | Q3 2024 | $1.8bn | $1.8bn | |
| Wellington Management Group LLP | Q1 2025 | $2.1bn | $1.7bn | |
| Durable Capital Partners LP | Q1 2025 | $707m | $707m | |
| Soroban Capital Partners LP | Q1 2025 | $821m | $576m | |
| MFS Investment Management | Q1 2025 | $518m | $518m | |
| Invesco Ltd | Q3 2024 | $1.2bn | $503m | |
| Capital Research Global Investors | Q3 2024 | $502m | $502m | |
| Marshall Wace LLP | Q3 2024 | $475m | $475m | |
| Baupost Group LLC | Q4 2024 | $344m | $344m | |
| Holocene Advisors LP | Q1 2025 | $308m | $308m | |
| D1 Capital Partners LP | Q1 2026 | $304m | $304m | |
| Millennium Management LLC | Q3 2024 | $291m | $248m | |
| Egerton Capital UK LLP | Q2 2025 | $584m | $239m | |
| First Eagle Investment Management LLC | Q2 2025 | $156m | $156m | |
| T. Rowe Price Associates Inc | Q3 2024 | $714m | last listed Q2 2025 | |
| Jane Street Group LLC | Q3 2024 | $258m | last listed Q3 2025 | |
| Third Point LLC | Q3 2024 | $208m | last listed Q4 2024 | |
| Citadel Advisors LLC | Q3 2024 | $199m | last listed Q3 2025 | |
| Voloridge Investment Management LLC | Q3 2024 | $172m | last listed Q1 2026 | |
| AQR Capital Management LLC | Q3 2024 | $156m | last listed Q4 2025 | |
| Capital World Investors | Q3 2024 | $152m | last listed Q4 2025 | |
| D. E. Shaw & Co. | Q4 2024 | $150m | last listed Q3 2025 | |
| Renaissance Technologies LLC | Q3 2024 | $143m | last listed Q4 2025 | |
| Two Sigma Investments LP | Q3 2024 | $104m | last listed Q3 2024 |
What FERG 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 FERG →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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