Free · no sign-up · Q2 2026

Which funds own HRL

Hormel Foods Corp in the Q2 2026 filings. At least 2 of the 91 current managers on file reported a position, worth $309m 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: 2; at least, of 91 current
Combined value: $309m; as reported
Opened: 1; new this quarter
Added to: 1; already held
Trimmed or sold out: 2; 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
Two Sigma Investments LP Quantitative · $138bn book	$306m	0.2%	12,325,712	+$34m+338,984	Added
Element Capital Management LLC Macro · $3.2bn book	$2.8m	0.1%	113,900	opened113,900	New

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Schonfeld Strategic Advisors LLC · Multi-strategy$4.0m held before
Maverick Capital Ltd · Long/short equity$3.9m held before

Ownership through time

At least 6 of the 95 managers whose filings are on file listed HRL in Q2 2026, against 6 in Q2 2013. The same number as in Q1 2026: 3 started positions; 1 sold out, by its own filing; 2 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, 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.

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

Largest increases, by shares

ExodusPoint Capital Management LPnew: 361,083 shares+$9.0m
Two Sigma Investments LP11,986,728 to 12,325,712 shares+$8.4m
Invesco Ltd14,918,080 to 15,171,561 shares+$6.3m
Brevan Howard Capital Management LPnew: 137,903 shares+$3.4m
Element Capital Management LLCnew: 113,900 shares+$2.8m

Largest decreases, by shares

Voloridge Investment Management LLC1,656,160 to 872,688 shares-$19m

Left it

Maverick Capital Ltdwas $3.9m

Manager	First listed	Largest	Q2 2026
Invesco Ltd	Q2 2013	$377m	$377m
Two Sigma Investments LP	Q1 2020	$306m	$306m
Voloridge Investment Management LLC	Q2 2015	$69m	$22m
ExodusPoint Capital Management LP	Q4 2020	$18m	$9.0m
Brevan Howard Capital Management LP	Q2 2026	$3.4m	$3.4m
Element Capital Management LLC	Q4 2015	$7.9m	$2.8m
Capital Research Global Investors	Q2 2018	$640m	last listed Q2 2020
Capital World Investors	Q1 2018	$413m	last listed Q4 2018
Citadel Advisors LLC	Q2 2016	$228m	last listed Q2 2025
AQR Capital Management LLC	Q2 2013	$178m	last listed Q3 2024
Janus Henderson Group Ltd	Q4 2018	$160m	last listed Q4 2020
Renaissance Technologies LLC	Q4 2013	$156m	last listed Q2 2025
Two Sigma Advisers LP	Q2 2020	$150m	last listed Q4 2025
Millennium Management LLC	Q2 2016	$141m	last listed Q2 2025
Holocene Advisors LP	Q4 2017	$99m	last listed Q4 2025
Balyasny Asset Management LLC	Q4 2015	$69m	last listed Q3 2025

What HRL 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 HRL →

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

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