Which funds own HUBS
Hubspot Inc in the Q2 2026 filings. At least 6 of the 91 current managers on file reported a position, worth $1.2bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 6 managers opened or added against 0 cutting.
- Managers holding
- 6
- at least, of 91 current
- Combined value
- $1.2bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 5
- 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 |
|---|---|---|---|---|---|
| AQR Capital Management LLC Quantitative · $287bn book | $441m | 0.2% | 2,418,126 | +$44m+789,957 | Added |
| Two Sigma Investments LP Quantitative · $138bn book | $332m | 0.2% | 1,819,744 | +$3.9m+475,123 | Added |
| Arrowstreet Capital LP Quantitative · $225bn book | $241m | 0.1% | 1,320,054 | +$20m+416,495 | Added |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $62m | 0.3% | 336,771 | +$24m+182,673 | Added |
| Freestone Grove Partners LP Multi-strategy · $15.6bn book | $60m | 0.4% | 330,241 | opened330,241 | New |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $28m | 0.1% | 151,395 | -$7.7m+6,552 | Added |
Ownership through time
At least 18 of the 95 managers whose filings are on file listed HUBS in Q2 2026, against 2 in Q4 2014. 1 manager fewer than in Q1 2026: 3 started positions; 1 listed it again; 5 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.
- Q4 2014: 2
- Q1 2015: 2
- Q2 2015: 4
- Q3 2015: 4
- Q4 2015: 5
- Q1 2016: 7
- Q2 2016: 7
- Q3 2016: 10
- Q4 2016: 8
- Q1 2017: 9
- Q2 2017: 10
- Q3 2017: 10
- Q4 2017: 8
- Q1 2018: 10
- Q2 2018: 14
- Q3 2018: 13
- Q4 2018: 11
- Q1 2019: 16
- Q2 2019: 18
- Q3 2019: 17
- Q4 2019: 17
- Q1 2020: 16
- Q2 2020: 20
- Q3 2020: 21
- Q4 2020: 22
- Q1 2021: 22
- Q2 2021: 24
- Q3 2021: 21
- Q4 2021: 21
- Q1 2022: 24
- Q2 2022: 19
- Q3 2022: 21
- Q4 2022: 22
- Q1 2023: 26
- Q2 2023: 24
- Q3 2023: 23
- Q4 2023: 27
- Q1 2024: 24
- Q2 2024: 27
- Q3 2024: 22
- Q4 2024: 26
- Q1 2025: 25
- Q2 2025: 25
- Q3 2025: 26
- Q4 2025: 26
- Q1 2026: 19
- Q2 2026: 18
- Q4 2014: $16m
- Q1 2015: $20m
- Q2 2015: $321m
- Q3 2015: $198m
- Q4 2015: $295m
- Q1 2016: $287m
- Q2 2016: $291m
- Q3 2016: $654m
- Q4 2016: $281m
- Q1 2017: $687m
- Q2 2017: $730m
- Q3 2017: $893m
- Q4 2017: $1.0bn
- Q1 2018: $1.2bn
- Q2 2018: $1.5bn
- Q3 2018: $1.8bn
- Q4 2018: $1.5bn
- Q1 2019: $2.1bn
- Q2 2019: $1.9bn
- Q3 2019: $1.6bn
- Q4 2019: $2.1bn
- Q1 2020: $1.9bn
- Q2 2020: $3.1bn
- Q3 2020: $3.9bn
- Q4 2020: $5.1bn
- Q1 2021: $6.0bn
- Q2 2021: $7.6bn
- Q3 2021: $8.6bn
- Q4 2021: $9.0bn
- Q1 2022: $6.7bn
- Q2 2022: $4.2bn
- Q3 2022: $4.0bn
- Q4 2022: $4.0bn
- Q1 2023: $5.4bn
- Q2 2023: $6.6bn
- Q3 2023: $6.3bn
- Q4 2023: $7.6bn
- Q1 2024: $8.0bn
- Q2 2024: $7.0bn
- Q3 2024: $7.7bn
- Q4 2024: $10.8bn
- Q1 2025: $9.0bn
- Q2 2025: $7.7bn
- Q3 2025: $6.0bn
- Q4 2025: $5.4bn
- Q1 2026: $3.1bn
- Q2 2026: $2.7bn
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
- AQR Capital Management LLC1,628,169 to 2,418,126 shares+$144m
- Two Sigma Investments LP1,344,621 to 1,819,744 shares+$87m
- Arrowstreet Capital LP903,559 to 1,320,054 shares+$76m
- Freestone Grove Partners LPnew: 330,241 shares+$60m
- Point72 Asset Management LPnew: 276,294 shares+$50m
Largest decreases, by shares
- Millennium Management LLC900,179 to 579,391 shares-$59m
- T. Rowe Price Associates Inc4,605,897 to 4,370,465 shares-$43m
- Acadian Asset Management LLC438,087 to 268,587 shares-$31m
- Capital World Investors959,849 to 826,051 shares-$24m
- Man Group PLC361,415 to 281,876 shares-$15m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| T. Rowe Price Associates Inc | Q2 2015 | $3.2bn | $798m | |
| AQR Capital Management LLC | Q3 2022 | $477m | $441m | |
| Two Sigma Investments LP | Q3 2016 | $332m | $332m | |
| Arrowstreet Capital LP | Q1 2018 | $241m | $241m | |
| Capital World Investors | Q2 2018 | $1.2bn | $151m | |
| D. E. Shaw & Co. | Q2 2022 | $113m | $113m | |
| Millennium Management LLC | Q1 2019 | $373m | $106m | |
| Squarepoint Ops LLC | Q2 2019 | $115m | $78m | |
| Voloridge Investment Management LLC | Q3 2017 | $77m | $61m | |
| Freestone Grove Partners LP | Q1 2025 | $60m | $60m | |
| Man Group PLC | Q4 2020 | $215m | $51m | |
| Point72 Asset Management LP | Q2 2016 | $181m | $50m | |
| Renaissance Technologies LLC | Q3 2018 | $139m | $50m | |
| Acadian Asset Management LLC | Q1 2023 | $107m | $49m | |
| Marshall Wace LLP | Q2 2017 | $214m | $49m | |
| Fidelity (FMR LLC) | Q3 2016 | $2.9bn | last listed Q4 2025 | |
| Artisan Partners LP | Q1 2016 | $1.3bn | last listed Q3 2025 | |
| Wellington Management Group LLP | Q2 2015 | $1.1bn | last listed Q1 2026 | |
| Invesco Ltd | Q3 2020 | $843m | last listed Q1 2025 | |
| Durable Capital Partners LP | Q1 2022 | $684m | last listed Q3 2025 | |
| Whale Rock Capital Management LLC | Q1 2016 | $549m | last listed Q4 2025 | |
| Janus Henderson Group Ltd | Q1 2023 | $542m | last listed Q4 2025 | |
| MFS Investment Management | Q3 2021 | $530m | last listed Q1 2026 | |
| Neuberger Berman Group LLC | Q1 2021 | $393m | last listed Q4 2025 | |
| Capital Research Global Investors | Q4 2014 | $312m | last listed Q3 2024 |
What HUBS 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 HUBS →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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