Which funds own HXL
Hexcel Corp New in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $138m 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
- 4
- at least, of 91 current
- Combined value
- $138m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 2
- already held
- Trimmed or sold out
- 2
- 1 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 |
|---|---|---|---|---|---|
| Artisan Partners LP Long-only · $63.1bn book | $71m | 0.1% | 704,134 | +$17m+45,382 | Added |
| GAMCO Investors Inc Activist · $11.1bn book | $25m | 0.2% | 249,414 | +$4.4m-4,550 | Trimmed |
| Bridgewater Associates LP Macro · $24.4bn book | $24m | 0.1% | 236,251 | +$22m+214,258 | Added |
| Markel Group Inc Activist · $13.1bn book | $19m | 0.1% | 189,000 | +$3.6m0 | Held |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Man Group PLC · Quantitative$4.6m held before
Ownership through time
At least 8 of the 95 managers whose filings are on file listed HXL in Q2 2026, against 5 in Q2 2013. 1 manager more than in Q1 2026: 2 listed it again; 1 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.
- Q2 2013: 5
- Q3 2013: 4
- Q4 2013: 7
- Q1 2014: 5
- Q2 2014: 7
- Q3 2014: 5
- Q4 2014: 4
- Q1 2015: 2
- Q2 2015: 2
- Q3 2015: 4
- Q4 2015: 4
- Q1 2016: 2
- Q2 2016: 1
- Q3 2016: 1
- Q4 2016: 5
- Q1 2017: 4
- Q2 2017: 5
- Q3 2017: 7
- Q4 2017: 9
- Q1 2018: 7
- Q2 2018: 6
- Q3 2018: 12
- Q4 2018: 8
- Q1 2019: 11
- Q2 2019: 6
- Q3 2019: 6
- Q4 2019: 9
- Q1 2020: 11
- Q2 2020: 7
- Q3 2020: 6
- Q4 2020: 7
- Q1 2021: 6
- Q2 2021: 10
- Q3 2021: 8
- Q4 2021: 8
- Q1 2022: 7
- Q2 2022: 9
- Q3 2022: 8
- Q4 2022: 8
- Q1 2023: 5
- Q2 2023: 7
- Q3 2023: 11
- Q4 2023: 9
- Q1 2024: 13
- Q2 2024: 17
- Q3 2024: 16
- Q4 2024: 12
- Q1 2025: 12
- Q2 2025: 10
- Q3 2025: 10
- Q4 2025: 10
- Q1 2026: 7
- Q2 2026: 8
- Q2 2013: $144m
- Q3 2013: $170m
- Q4 2013: $223m
- Q1 2014: $225m
- Q2 2014: $208m
- Q3 2014: $234m
- Q4 2014: $282m
- Q1 2015: $341m
- Q2 2015: $324m
- Q3 2015: $289m
- Q4 2015: $298m
- Q1 2016: $221m
- Q2 2016: $169m
- Q3 2016: $245m
- Q4 2016: $279m
- Q1 2017: $284m
- Q2 2017: $274m
- Q3 2017: $299m
- Q4 2017: $207m
- Q1 2018: $299m
- Q2 2018: $314m
- Q3 2018: $334m
- Q4 2018: $233m
- Q1 2019: $280m
- Q2 2019: $290m
- Q3 2019: $282m
- Q4 2019: $271m
- Q1 2020: $107m
- Q2 2020: $192m
- Q3 2020: $46m
- Q4 2020: $175m
- Q1 2021: $285m
- Q2 2021: $370m
- Q3 2021: $326m
- Q4 2021: $360m
- Q1 2022: $418m
- Q2 2022: $327m
- Q3 2022: $394m
- Q4 2022: $435m
- Q1 2023: $409m
- Q2 2023: $528m
- Q3 2023: $544m
- Q4 2023: $617m
- Q1 2024: $543m
- Q2 2024: $674m
- Q3 2024: $683m
- Q4 2024: $752m
- Q1 2025: $479m
- Q2 2025: $546m
- Q3 2025: $760m
- Q4 2025: $1.0bn
- Q1 2026: $1.0bn
- Q2 2026: $1.1bn
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
- T. Rowe Price Associates Inc5,060,416 to 5,863,068 shares+$80m
- MFS Investment Management2,400,119 to 2,471,596 shares+$7.2m
- Artisan Partners LP658,752 to 704,134 shares+$4.5m
Largest decreases, by shares
- AllianceBernstein LP3,402,409 to 1,207,813 shares-$178m
- GAMCO Investors Inc253,964 to 249,414 shares-$455k
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| T. Rowe Price Associates Inc | Q4 2024 | $587m | $587m | |
| MFS Investment Management | Q3 2023 | $247m | $247m | |
| AllianceBernstein LP | Q2 2013 | $411m | $98m | |
| Artisan Partners LP | Q1 2018 | $76m | $70m | |
| Squarepoint Ops LLC | Q4 2014 | $34m | $34m | |
| GAMCO Investors Inc | Q1 2020 | $25m | $25m | |
| Bridgewater Associates LP | Q3 2015 | $24m | $24m | |
| Markel Group Inc | Q4 2016 | $19m | $19m | |
| Wellington Management Group LLP | Q2 2020 | $122m | last listed Q2 2020 | |
| AQR Capital Management LLC | Q2 2020 | $106m | last listed Q4 2024 | |
| Ruane Cunniff & Goldfarb LP | Q3 2014 | $103m | last listed Q4 2015 | |
| Balyasny Asset Management LLC | Q3 2018 | $87m | last listed Q3 2023 | |
| D. E. Shaw & Co. | Q4 2013 | $83m | last listed Q1 2025 | |
| Citadel Advisors LLC | Q4 2015 | $71m | last listed Q3 2017 | |
| Two Sigma Investments LP | Q2 2013 | $66m | last listed Q1 2026 | |
| Capital World Investors | Q3 2023 | $65m | last listed Q1 2024 | |
| Capital Research Global Investors | Q1 2020 | $55m | last listed Q1 2020 | |
| Millennium Management LLC | Q3 2018 | $50m | last listed Q1 2019 |
What HXL 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 HXL →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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