Which funds own FOUR
Shift4 PMTS Inc in the Q2 2026 filings. At least 1 of the 91 current managers on file reported a position, worth $215m 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
- 1
- at least, of 91 current
- Combined value
- $215m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 0
- already held
- Trimmed or sold out
- 1
- 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 |
|---|---|---|---|---|---|
| Durable Capital Partners LP Long/short equity · $10.3bn book | $215m | 2.1% | 4,423,633 | -$55m-1,742,160 | Trimmed |
Ownership through time
At least 7 of the 95 managers whose filings are on file listed FOUR in Q2 2026, against 4 in Q2 2020. 3 managers more than in Q1 2026: 1 started a position; 2 listed it again.
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 2020: 4
- Q3 2020: 9
- Q4 2020: 8
- Q1 2021: 7
- Q2 2021: 6
- Q3 2021: 9
- Q4 2021: 7
- Q1 2022: 6
- Q2 2022: 3
- Q3 2022: 3
- Q4 2022: 6
- Q1 2023: 12
- Q2 2023: 8
- Q3 2023: 11
- Q4 2023: 10
- Q1 2024: 9
- Q2 2024: 7
- Q3 2024: 6
- Q4 2024: 8
- Q1 2025: 9
- Q2 2025: 9
- Q3 2025: 7
- Q4 2025: 5
- Q1 2026: 4
- Q2 2026: 7
- Q2 2020: $64m
- Q3 2020: $248m
- Q4 2020: $445m
- Q1 2021: $694m
- Q2 2021: $858m
- Q3 2021: $851m
- Q4 2021: $566m
- Q1 2022: $740m
- Q2 2022: $452m
- Q3 2022: $678m
- Q4 2022: $882m
- Q1 2023: $1.1bn
- Q2 2023: $912m
- Q3 2023: $963m
- Q4 2023: $1.2bn
- Q1 2024: $867m
- Q2 2024: $806m
- Q3 2024: $987m
- Q4 2024: $1.1bn
- Q1 2025: $934m
- Q2 2025: $1.4bn
- Q3 2025: $977m
- Q4 2025: $847m
- Q1 2026: $543m
- Q2 2026: $606m
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
- Neuberger Berman Group LLC2,519,905 to 2,649,220 shares+$6.3m
- Marshall Wace LLP1,916,672 to 2,031,890 shares+$5.6m
- Freestone Grove Partners LPnew: 99,408 shares+$4.8m
- Janus Henderson Group Ltd1,804,347 to 1,847,588 shares+$2.1m
Largest decreases, by shares
- Durable Capital Partners LP6,165,793 to 4,423,633 shares-$85m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Durable Capital Partners LP | Q2 2020 | $661m | $215m | |
| Neuberger Berman Group LLC | Q2 2023 | $181m | $129m | |
| Marshall Wace LLP | Q1 2023 | $104m | $99m | |
| Janus Henderson Group Ltd | Q4 2022 | $184m | $90m | |
| Point72 Asset Management LP | Q4 2020 | $118m | $57m | |
| Walleye Capital LLC | Q1 2023 | $11m | $11m | |
| Freestone Grove Partners LP | Q4 2024 | $4.8m | $4.8m | |
| Wellington Management Group LLP | Q1 2021 | $430m | last listed Q1 2024 | |
| AllianceBernstein LP | Q3 2020 | $255m | last listed Q2 2025 | |
| Millennium Management LLC | Q3 2023 | $128m | last listed Q4 2023 | |
| Two Sigma Investments LP | Q1 2023 | $37m | last listed Q2 2023 | |
| Balyasny Asset Management LLC | Q3 2020 | $33m | last listed Q2 2025 | |
| Artisan Partners LP | Q1 2023 | $29m | last listed Q2 2024 | |
| Voloridge Investment Management LLC | Q1 2021 | $25m | last listed Q1 2023 | |
| Bridgewater Associates LP | Q1 2025 | $24m | last listed Q3 2025 | |
| Moore Capital Management LP | Q2 2020 | $22m | last listed Q3 2021 | |
| Schonfeld Strategic Advisors LLC | Q3 2020 | $22m | last listed Q2 2025 |
What FOUR 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 FOUR →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
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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