Free · no sign-up · Q2 2026

Which funds own IFF

International Flavors&fragra in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $4.3bn 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: $4.3bn; as reported
Opened: 0; new this quarter
Added to: 3; already held
Trimmed or sold out: 1; 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
Dodge & Cox Activist · $191bn book	$2.9bn	1.5%	37,007,037	+$286m+534,095	Added
First Eagle Investment Management LLC Activist · $60.8bn book	$745m	1.2%	9,409,698	+$70m+95,028	Added
Carl C. Icahn Activist · $8.3bn book	$339m	4.1%	4,275,000	+$29m0	Held
MFS Investment Management Long-only · $315bn book	$332m	0.1%	3,871,551	+$88m+804,612	Added

Sold out of this quarter

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

Woodline Partners LP · Long/short equity$70m held before

Ownership through time

At least 9 of the 95 managers whose filings are on file listed IFF in Q2 2026, against 7 in Q2 2013. The same number as in Q1 2026: 1 started a position; 2 listed it again; 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 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

Verition Fund Management LLC$9.1m

Largest increases, by shares

Invesco Ltd7,492,841 to 9,403,330 shares+$151m
MFS Investment Management3,066,939 to 3,871,551 shares+$69m
Dodge & Cox36,472,942 to 37,007,037 shares+$42m
Verition Fund Management LLCnew: 115,103 shares+$9.1m
First Eagle Investment Management LLC9,314,670 to 9,409,698 shares+$7.5m

Largest decreases, by shares

GAMCO Investors Inc89,970 to 87,918 shares-$163k

Left it

Woodline Partners LPwas $70m

Manager	First listed	Largest	Q2 2026
Dodge & Cox	Q4 2023	$2.9bn	$2.9bn
First Eagle Investment Management LLC	Q1 2023	$745m	$745m
Invesco Ltd	Q4 2013	$745m	$745m
Carl C. Icahn	Q1 2022	$393m	$339m
MFS Investment Management	Q2 2013	$910m	$332m
Millennium Management LLC	Q4 2013	$411m	$119m
Verition Fund Management LLC	Q2 2013	$12m	$9.1m
GAMCO Investors Inc	Q2 2013	$149m	$7.0m
Hudson Bay Capital Management LP	Q1 2023	$36m	$6.9m
T. Rowe Price Associates Inc	Q1 2021	$1.7bn	last listed Q1 2024
Sachem Head Capital Management LP	Q1 2021	$1.0bn	last listed Q1 2024
AllianceBernstein LP	Q1 2019	$898m	last listed Q1 2022
Capital Research Global Investors	Q2 2013	$859m	last listed Q4 2025
Viking Global Investors LP	Q2 2021	$610m	last listed Q4 2023
Fidelity (FMR LLC)	Q3 2018	$407m	last listed Q4 2019
Baupost Group LLC	Q1 2021	$314m	last listed Q3 2021
Third Point LLC	Q4 2022	$241m	last listed Q2 2024
Neuberger Berman Group LLC	Q1 2021	$204m	last listed Q1 2022
Citadel Advisors LLC	Q2 2017	$171m	last listed Q2 2024

What IFF 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 IFF →

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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