Which funds own IWM

Managers holding

8

at least, of 91 current

Combined value

$2.9bn

as reported

Opened

2

new this quarter

Added to

3

already held

Trimmed or sold out

7

6 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Sold out of this quarter

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

• Artisan Partners LP · Long-only$303m held before
• Durable Capital Partners LP · Long/short equity$255m held before
• Caxton Associates LLP · Macro$51m held before
• Starboard Value LP · Activist$2.7m held before
• Invesco Ltd · Long-only$600k held before
• First Eagle Investment Management LLC · Value$0 held before

Reported as options rather than shares

A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.

• Jane Street Group LLC · puts$23.1bn notional
• Susquehanna International Group LLP · puts$18.6bn notional
• Millennium Management LLC · puts$10.0bn notional
• Tudor Investment Corp · puts$9.2bn notional
• Jane Street Group LLC · calls$8.4bn notional
• Citadel Advisors LLC · puts$7.8bn notional
• Susquehanna International Group LLP · calls$7.3bn notional
• Citadel Advisors LLC · calls$4.7bn notional
• Millennium Management LLC · calls$4.4bn notional
• Tudor Investment Corp · calls$2.9bn notional
• Balyasny Asset Management LLC · puts$1.4bn notional
• Hudson Bay Capital Management LP · puts$935m notional
• Davidson Kempner Capital Management LP · puts$877m notional
• Squarepoint Ops LLC · calls$820m notional
• Squarepoint Ops LLC · puts$795m notional
• Rokos Capital Management LLP · calls$547m notional
• Point72 Asset Management LP · puts$427m notional
• Glenview Capital Management LLC · puts$276m notional
• Two Sigma Investments LP · calls$220m notional
• Two Sigma Investments LP · puts$220m notional
• Point72 Asset Management LP · calls$174m notional
• Element Capital Management LLC · puts$126m notional
• Moore Capital Management LP · calls$122m notional
• Schonfeld Strategic Advisors LLC · puts$104m notional
• Elliott Investment Management LP · puts$75m notional
• ExodusPoint Capital Management LP · puts$49m notional
• Verition Fund Management LLC · puts$45m notional
• Verition Fund Management LLC · calls$44m notional
• Rokos Capital Management LLP · puts$36m notional
• Walleye Capital LLC · puts$31m notional
• Moore Capital Management LP · puts$25m notional

What is inside it

Knowing who bought a fund is half the question. The other half is what the fund holds, which is the manager’s actual exposure rather than the wrapper they reached for.

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.