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Which funds own FMX

Fomento Economico Mexicano Sab ADR in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $2.4bn 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: 4; at least, of 91 current
Combined value: $2.4bn; as reported
Opened: 0; new this quarter
Added to: 2; already held
Trimmed or sold out: 2; 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
First Eagle Investment Management LLC Activist · $60.8bn book	$1.7bn	2.7%	13,008,276	+$231m+106,023	Added
Baillie Gifford & Co Long-only · $110bn book	$342m	0.3%	2,674,055	+$4.6m-363,741	Trimmed
Acadian Asset Management LLC Quantitative · $84.2bn book	$245m	0.3%	1,918,415	+$233m+1,804,326	Added
Harris Associates LP Activist · $75.4bn book	$197m	0.3%	1,541,584	-$52m-702,036	Trimmed

Ownership through time

At least 5 of the 95 managers whose filings are on file listed FMX in Q2 2026, against 9 in Q2 2013. The same number as in Q1 2026.

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

Acadian Asset Management LLC114,089 to 1,918,415 shares+$231m
First Eagle Investment Management LLC12,902,253 to 13,008,276 shares+$14m

Largest decreases, by shares

Harris Associates LP2,243,620 to 1,541,584 shares-$90m
Baillie Gifford & Co3,037,796 to 2,674,055 shares-$47m
GAMCO Investors Inc75,440 to 71,882 shares-$455k

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
First Eagle Investment Management LLC	Q1 2020	$1.7bn	$1.7bn
Baillie Gifford & Co	Q2 2023	$545m	$342m
Acadian Asset Management LLC	Q3 2013	$245m	$245m
Harris Associates LP	Q3 2025	$273m	$197m
GAMCO Investors Inc	Q2 2013	$21m	$9.2m
Invesco Ltd	Q2 2013	$703m	last listed Q3 2021
Fidelity (FMR LLC)	Q2 2013	$322m	last listed Q2 2013
Janus Henderson Group Ltd	Q2 2013	$279m	last listed Q3 2019
Artisan Partners LP	Q2 2016	$146m	last listed Q3 2017
Maverick Capital Ltd	Q2 2013	$131m	last listed Q1 2014
Sachem Head Capital Management LP	Q4 2022	$130m	last listed Q4 2023
Wellington Management Group LLP	Q2 2013	$126m	last listed Q2 2013
Capital World Investors	Q2 2017	$98m	last listed Q2 2019
Renaissance Technologies LLC	Q2 2013	$75m	last listed Q4 2022
AQR Capital Management LLC	Q2 2013	$73m	last listed Q2 2025

What FMX 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 FMX →

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

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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