Which funds own FPS
Forgent Power Solutions Inc in the Q2 2026 filings. At least 10 of the 91 current managers on file reported a position, worth $1.9bn 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
- 10
- at least, of 91 current
- Combined value
- $1.9bn
- as reported
- Opened
- 5
- new this quarter
- Added to
- 3
- already held
- Trimmed or sold out
- 6
- 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 |
|---|---|---|---|---|---|
| Coatue Management LLC Long/short equity · $48.6bn book | $1.1bn | 2.4% | 20,501,387 | opened20,501,387 | New |
| Janus Henderson Group Ltd Long-only · $245bn book | $473m | 0.2% | 8,457,260 | +$245m+687,648 | Added |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $93m | 0.1% | 1,669,700 | opened1,669,700 | New |
| Woodline Partners LP Long/short equity · $32.4bn book | $77m | 0.2% | 1,385,109 | +$41m+153,984 | Added |
| Soros Fund Management LLC Macro · $8.1bn book | $35m | 0.4% | 629,106 | +$32m+526,906 | Added |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $33m | 0.2% | 588,339 | -$15m-1,039,151 | Trimmed |
| Moore Capital Management LP Macro · $6.7bn book | $10m | 0.2% | 186,199 | -$11m-550,225 | Trimmed |
| PDT Partners LLC Quantitative · $1.9bn book | $9.0m | 0.5% | 160,391 | opened160,391 | New |
| Polen Capital Management LLC Long-only · $11.6bn book | $2.8m | 0.0% | 50,328 | opened50,328 | New |
| Steadfast Capital Management LP Long/short equity · $3.3bn book | $1.5m | 0.0% | 27,000 | opened27,000 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Davidson Kempner Capital Management LP · Long/short equity$41m held before
- Viking Global Investors LP · Long/short equity$19m held before
- Discovery Capital Management LLC · Macro$8.0m held before
- Element Capital Management LLC · Macro$4.8m held before
Ownership through time
At least 19 of the 95 managers whose filings are on file listed FPS in Q2 2026, against 15 in Q1 2026. 4 managers more than in Q1 2026: 6 started positions; 5 listed it again; 4 sold out, by their own filings; 3 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.
- Q1 2026: 15
- Q2 2026: 19
- Q1 2026: $575m
- Q2 2026: $3.1bn
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
- Coatue Management LLCnew: 20,501,387 shares+$1.1bn
- Renaissance Technologies LLCnew: 1,669,700 shares+$93m
- Janus Henderson Group Ltd7,769,612 to 8,457,260 shares+$38m
- Soros Fund Management LLC102,200 to 629,106 shares+$29m
- PDT Partners LLCnew: 160,391 shares+$9.0m
Largest decreases, by shares
- Holocene Advisors LP1,468,749 to 122,946 shares-$75m
- ExodusPoint Capital Management LP1,627,490 to 588,339 shares-$58m
- Moore Capital Management LP736,424 to 186,199 shares-$31m
- Verition Fund Management LLC503,300 to 151,582 shares-$20m
- Hudson Bay Capital Management LP544,538 to 345,247 shares-$11m
Left it
- Davidson Kempner Capital Management LPwas $41m
- Viking Global Investors LPwas $19m
- Discovery Capital Management LLCwas $8.0m
- Element Capital Management LLCwas $4.8m
What FPS 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 FPS →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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