Which funds own HWM
Howmet Aerospace Inc in the Q2 2026 filings. 22 of the 94 managers on file reported a position, worth $15.3bn between them. A fifth of the managers on file hold it, which is a crowd without being the whole market. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 22
- of 94 on file
- Combined value
- $15.3bn
- as reported
- Opened
- 5
- new this quarter
- Added to
- 6
- already held
- Trimmed or sold out
- 12
- 1 sold out entirely
Every manager on file with 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 |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $4.1bn | 0.2% | 15,412,294 | +$508m-363,843 | Trimmed |
| T. Rowe Price Associates Inc Long-only · $999bn book | $3.6bn | 0.4% | 13,504,420 | +$75m-1,924,569 | Trimmed |
| Invesco Ltd Long-only · $1264bn book | $1.8bn | 0.1% | 6,851,793 | +$130m-576,154 | Trimmed |
| Janus Henderson Group Ltd Long-only · $209bn book · Q1 2026 filing | $1.8bn | 0.8% | 7,755,645 | +$155m-194,603 | Trimmed |
| MFS Investment Management Long-only · $315bn book | $1.4bn | 0.4% | 4,971,798 | -$423m-2,652,902 | Trimmed |
| Citadel Advisors LLC Multi-strategy · $875bn book | $758m | 0.1% | 2,819,959 | +$524m+1,802,267 | Added |
| Capital Research Global Investors Long-only · $717bn book | $656m | 0.1% | 2,440,644 | +$57m-159,815 | Trimmed |
| Millennium Management LLC Multi-strategy · $276bn book | $236m | 0.1% | 878,165 | -$83m-507,219 | Trimmed |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $201m | 0.3% | 747,448 | +$54m+109,267 | Added |
| Polen Capital Management LLC Long-only · $11.6bn book | $123m | 1.1% | 457,124 | opened457,124 | New |
| Man Group PLC Quantitative · $62.7bn book | $105m | 0.2% | 388,923 | +$30m+64,521 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $92m | 0.1% | 342,762 | +$58m+193,956 | Added |
| Freestone Grove Partners LP Multi-strategy · $15.6bn book | $80m | 0.5% | 295,623 | +$37m+109,344 | Added |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $78m | 0.3% | 291,467 | +$35m+101,540 | Added |
| Tudor Investment Corp Macro · $71.9bn book | $59m | 0.1% | 217,478 | +$6.4m-8,328 | Trimmed |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $38m | 0.1% | 141,770 | opened141,770 | New |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $37m | 0.1% | 138,628 | opened138,628 | New |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $19m | 0.1% | 69,762 | opened69,762 | New |
| GAMCO Investors Inc Activist · $11.1bn book | $18m | 0.2% | 67,013 | +$500k-8,792 | Trimmed |
| PDT Partners LLC Quantitative · $1.9bn book | $9.3m | 0.5% | 34,579 | +$900k-1,735 | Trimmed |
| Winton Group Ltd Quantitative · $3.1bn book | $9.3m | 0.3% | 34,574 | -$1.9m-14,049 | Trimmed |
| Moore Capital Management LP Macro · $6.7bn book | $6.2m | 0.1% | 22,978 | opened22,978 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Voloridge Investment Management LLC · Quantitative$78m held before
What HWM 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 HWM →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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