Which funds own FROG
JFrog Ltd in the Q2 2026 filings. At least 6 of the 91 current managers on file reported a position, worth $661m between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went the other way: 6 managers trimmed or sold out against 2 buying.
- Managers holding
- 6
- at least, of 91 current
- Combined value
- $661m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 2
- already held
- Trimmed or sold out
- 6
- 2 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 |
|---|---|---|---|---|---|
| Whale Rock Capital Management LLC Long/short equity · $12.5bn book | $405m | 3.3% | 4,458,423 | +$123m-1,561,370 | Trimmed |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $131m | 0.2% | 1,445,248 | +$57m-130,300 | Trimmed |
| Baillie Gifford & Co Long-only · $110bn book | $65m | 0.1% | 709,572 | +$17m-306,871 | Trimmed |
| Light Street Capital Management LLC Long/short equity · $903m book | $47m | 5.2% | 514,500 | +$20m-60,500 | Trimmed |
| Polen Capital Management LLC Long-only · $11.6bn book | $8.5m | 0.1% | 93,117 | +$7.5m+72,877 | Added |
| ARK Investment Management LLC Long-only · $15.4bn book | $4.6m | 0.0% | 50,621 | +$2.7m+11,080 | Added |
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$5.0m held before
- PDT Partners LLC · Quantitative$4.2m held before
Ownership through time
At least 14 of the 95 managers whose filings are on file listed FROG in Q2 2026, against 13 in Q3 2020. 1 manager more than in Q1 2026: 3 started positions; 3 listed it again; 1 sold out, by its own filing; 4 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.
- Q3 2020: 13
- Q4 2020: 7
- Q1 2021: 7
- Q2 2021: 5
- Q3 2021: 9
- Q4 2021: 9
- Q1 2022: 6
- Q2 2022: 7
- Q3 2022: 6
- Q4 2022: 5
- Q1 2023: 5
- Q2 2023: 9
- Q3 2023: 8
- Q4 2023: 10
- Q1 2024: 9
- Q2 2024: 7
- Q3 2024: 5
- Q4 2024: 5
- Q1 2025: 8
- Q2 2025: 17
- Q3 2025: 15
- Q4 2025: 13
- Q1 2026: 13
- Q2 2026: 14
- Q3 2020: $294m
- Q4 2020: $346m
- Q1 2021: $276m
- Q2 2021: $285m
- Q3 2021: $238m
- Q4 2021: $256m
- Q1 2022: $166m
- Q2 2022: $124m
- Q3 2022: $100m
- Q4 2022: $67m
- Q1 2023: $65m
- Q2 2023: $189m
- Q3 2023: $162m
- Q4 2023: $246m
- Q1 2024: $214m
- Q2 2024: $141m
- Q3 2024: $107m
- Q4 2024: $110m
- Q1 2025: $269m
- Q2 2025: $626m
- Q3 2025: $591m
- Q4 2025: $779m
- Q1 2026: $680m
- Q2 2026: $1.6bn
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
- MFS Investment Management1,451,775 to 2,772,742 shares+$120m
- Balyasny Asset Management LLCnew: 479,422 shares+$44m
- Artisan Partners LPnew: 155,316 shares+$14m
- Polen Capital Management LLC20,240 to 93,117 shares+$6.6m
- Moore Capital Management LPnew: 14,657 shares+$1.3m
Largest decreases, by shares
- Whale Rock Capital Management LLC6,019,793 to 4,458,423 shares-$142m
- Arrowstreet Capital LP1,964,925 to 1,500,535 shares-$42m
- Baillie Gifford & Co1,016,443 to 709,572 shares-$28m
- Renaissance Technologies LLC1,575,548 to 1,445,248 shares-$12m
- Light Street Capital Management LLC575,000 to 514,500 shares-$5.5m
Left it
- PDT Partners LLCwas $4.2m
What FROG 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 FROG →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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