Free · no sign-up · Q2 2026

Which funds own IP

International Paper Co in the Q2 2026 filings. At least 5 of the 91 current managers on file reported a position, worth $4.9bn 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: 5; at least, of 91 current
Combined value: $4.9bn; as reported
Opened: 0; new this quarter
Added to: 2; already held
Trimmed or sold out: 4; 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
Capital Research Global Investors Long-only · $717bn book	$3.0bn	0.4%	78,469,265	+$187m-26,334	Trimmed
T. Rowe Price Associates Inc Long-only · $999bn book	$1.7bn	0.2%	45,497,485	-$23m-3,695,124	Trimmed
Marshall Wace LLP Quantitative · $127bn book	$131m	0.1%	3,433,666	+$103m+2,654,368	Added
Freestone Grove Partners LP Multi-strategy · $15.6bn book	$36m	0.2%	941,069	-$7.4m-270,598	Trimmed
Quantbot Technologies LP Quantitative · $2.5bn book	$4.8m	0.2%	125,746	+$1.7m+38,516	Added

Sold out of this quarter

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

Renaissance Technologies LLC · Quantitative$23m held before

Ownership through time

At least 11 of the 95 managers whose filings are on file listed IP in Q2 2026, against 17 in Q2 2013. 4 managers more than in Q1 2026: 1 started a position; 4 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.

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

Winton Group Ltd$1.2m

Largest increases, by shares

Invesco Ltd12,492,204 to 17,545,873 shares+$193m
MFS Investment Management3,290,493 to 3,615,370 shares+$13m
Quantbot Technologies LP87,230 to 125,746 shares+$1.5m
Winton Group Ltdnew: 31,556 shares+$1.2m

Largest decreases, by shares

T. Rowe Price Associates Inc49,192,609 to 45,497,485 shares-$141m
Freestone Grove Partners LP1,211,667 to 941,069 shares-$10m
Capital Research Global Investors78,495,599 to 78,469,265 shares-$1.0m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Capital Research Global Investors	Q2 2024	$3.0bn	$3.0bn
T. Rowe Price Associates Inc	Q2 2013	$3.1bn	$1.7bn
Invesco Ltd	Q2 2013	$810m	$668m
AQR Capital Management LLC	Q2 2013	$335m	$335m
MFS Investment Management	Q2 2024	$194m	$140m
Millennium Management LLC	Q2 2013	$271m	$135m
Marshall Wace LLP	Q3 2015	$131m	$131m
Freestone Grove Partners LP	Q4 2024	$88m	$36m
Man Group PLC	Q2 2021	$25m	$25m
Quantbot Technologies LP	Q3 2013	$11m	$4.8m
Winton Group Ltd	Q2 2014	$39m	$1.2m
Wellington Management Group LLP	Q2 2013	$2.2bn	last listed Q1 2020
Fidelity (FMR LLC)	Q2 2013	$1.4bn	last listed Q2 2025
Neuberger Berman Group LLC	Q2 2013	$408m	last listed Q3 2018
D. E. Shaw & Co.	Q2 2013	$351m	last listed Q1 2025
Capital World Investors	Q2 2024	$289m	last listed Q4 2025
Balyasny Asset Management LLC	Q2 2013	$258m	last listed Q4 2024
Third Point LLC	Q2 2013	$199m	last listed Q1 2014
Citadel Advisors LLC	Q4 2022	$154m	last listed Q4 2022
Point72 Asset Management LP	Q1 2015	$145m	last listed Q3 2025
First Eagle Investment Management LLC	Q4 2016	$122m	last listed Q1 2018

What IP 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 IP →

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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