Which funds own HLN
Haleon PLC in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $1.6bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 4 managers opened or added against 0 cutting.
- Managers holding
- 4
- at least, of 91 current
- Combined value
- $1.6bn
- as reported
- Opened
- 0
- new this quarter
- Added to
- 4
- already held
- Trimmed or sold out
- 0
- 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 |
|---|---|---|---|---|---|
| Dodge & Cox Activist · $191bn book | $1.4bn | 0.7% | 149,934,507 | -$68m+3,394,844 | Added |
| Harris Associates LP Activist · $75.4bn book | $157m | 0.2% | 16,833,252 | +$6.6m+1,801,211 | Added |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $45m | 0.2% | 4,783,989 | +$28m+3,116,495 | Added |
| First Eagle Investment Management LLC Activist · $60.8bn book | $39m | 0.1% | 4,224,856 | -$900k+192,213 | Added |
Ownership through time
At least 7 of the 95 managers whose filings are on file listed HLN in Q2 2026, against 6 in Q3 2022. 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.
- Q3 2022: 6
- Q4 2022: 4
- Q1 2023: 3
- Q2 2023: 3
- Q3 2023: 5
- Q4 2023: 6
- Q1 2024: 5
- Q2 2024: 6
- Q3 2024: 5
- Q4 2024: 5
- Q1 2025: 7
- Q2 2025: 8
- Q3 2025: 5
- Q4 2025: 7
- Q1 2026: 7
- Q2 2026: 7
- Q3 2022: $491m
- Q4 2022: $798m
- Q1 2023: $1.0bn
- Q2 2023: $1.0bn
- Q3 2023: $1.5bn
- Q4 2023: $1.6bn
- Q1 2024: $2.3bn
- Q2 2024: $2.3bn
- Q3 2024: $3.0bn
- Q4 2024: $3.0bn
- Q1 2025: $3.2bn
- Q2 2025: $3.2bn
- Q3 2025: $2.5bn
- Q4 2025: $2.8bn
- Q1 2026: $3.0bn
- Q2 2026: $3.0bn
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
- Fidelity (FMR LLC)113,969,159 to 120,991,250 shares+$66m
- Dodge & Cox146,539,663 to 149,934,507 shares+$32m
- Voloridge Investment Management LLC1,667,494 to 4,783,989 shares+$29m
- Point72 Asset Management LP6,574,038 to 9,264,255 shares+$25m
- Harris Associates LP15,032,041 to 16,833,252 shares+$17m
Largest decreases, by shares
- Arrowstreet Capital LP14,674,518 to 14,181,817 shares-$4.6m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Dodge & Cox | Q3 2022 | $1.9bn | $1.4bn | |
| Fidelity (FMR LLC) | Q3 2023 | $1.2bn | $1.1bn | |
| Harris Associates LP | Q1 2026 | $157m | $157m | |
| Arrowstreet Capital LP | Q3 2022 | $147m | $132m | |
| Point72 Asset Management LP | Q4 2022 | $86m | $86m | |
| Voloridge Investment Management LLC | Q1 2025 | $73m | $45m | |
| First Eagle Investment Management LLC | Q3 2022 | $40m | $39m | |
| Wellington Management Group LLP | Q4 2024 | $192m | last listed Q3 2025 | |
| AllianceBernstein LP | Q1 2023 | $97m | last listed Q1 2024 | |
| Renaissance Technologies LLC | Q3 2023 | $81m | last listed Q2 2025 | |
| Acadian Asset Management LLC | Q3 2022 | $56m | last listed Q2 2025 | |
| Verition Fund Management LLC | Q1 2025 | $17m | last listed Q2 2025 | |
| Capital Research Global Investors | Q3 2022 | $13m | last listed Q3 2022 | |
| Holocene Advisors LP | Q3 2022 | $11m | last listed Q3 2024 | |
| ExodusPoint Capital Management LP | Q2 2024 | $9.3m | last listed Q3 2024 | |
| Schonfeld Strategic Advisors LLC | Q4 2025 | $7.7m | last listed Q4 2025 | |
| Quantbot Technologies LP | Q4 2023 | $1.4m | last listed Q4 2023 |
What HLN 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 HLN →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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