Which funds own LIN
Linde PLC in the Q2 2026 filings. At least 26 of the 91 current managers on file reported a position, worth $39.6bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. The quarter went one way: 19 managers opened or added against 7 cutting.
- Managers holding
- 26
- at least, of 91 current
- Combined value
- $39.6bn
- as reported
- Opened
- 4
- new this quarter
- Added to
- 15
- already held
- Trimmed or sold out
- 7
- 2 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 | $9.0bn | 1.3% | 17,430,716 | +$1.1bn+1,378,782 | Added |
| Invesco Ltd Long-only · $1264bn book | $8.0bn | 0.6% | 15,321,341 | +$515m+322,021 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $6.1bn | 0.6% | 11,832,240 | +$1.3bn+1,985,729 | Added |
| Fidelity (FMR LLC) Long-only · $2304bn book | $4.3bn | 0.2% | 8,316,540 | -$145m-680,788 | Trimmed |
| MFS Investment Management Long-only · $315bn book | $3.3bn | 1.0% | 4,922,872 | +$232m+165,186 | Added |
| Wellington Management Group LLP Long-only · $580bn book | $2.5bn | 0.4% | 4,815,253 | -$56m-337,270 | Trimmed |
| Arrowstreet Capital LP Quantitative · $225bn book | $957m | 0.4% | 1,844,738 | +$152m+220,010 | Added |
| Capital World Investors Long-only · $846bn book | $846m | 0.1% | 1,631,451 | +$91m+108,513 | Added |
| Lone Pine Capital LLC Long/short equity · $16.4bn book | $809m | 4.9% | 1,558,081 | opened1,558,081 | New |
| AllianceBernstein LP Long-only · $302bn book | $702m | 0.2% | 1,415,929 | +$118m+45,772 | Added |
| Dodge & Cox Value · $191bn book | $688m | 0.4% | 1,326,590 | +$31m0 | Held |
| Neuberger Berman Group LLC Long-only · $150bn book | $661m | 0.4% | 1,274,638 | +$42m+25,119 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $312m | 0.5% | 601,059 | -$145m-320,911 | Trimmed |
| Marshall Wace LLP Quantitative · $127bn book | $264m | 0.2% | 508,958 | +$150m+278,063 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $185m | 0.2% | 357,263 | +$54m+91,350 | Added |
| D1 Capital Partners LP Long/short equity · $34.8bn book | $177m | 0.5% | 341,538 | opened341,538 | New |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $169m | 0.2% | 325,879 | +$64m+113,061 | Added |
| Egerton Capital UK LLP Long/short equity · $10.4bn book | $156m | 1.5% | 300,854 | -$374m-767,517 | Trimmed |
| Soros Fund Management LLC Macro · $8.1bn book | $139m | 1.7% | 267,349 | +$9.9m+7,423 | Added |
| Markel Group Inc Activist · $13.1bn book | $112m | 0.9% | 215,600 | +$11m+11,000 | Added |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $68m | 0.3% | 130,000 | opened130,000 | New |
| Holocene Advisors LP Long/short equity · $44.4bn book | $56m | 0.1% | 108,375 | +$2.5m0 | Held |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $31m | 0.4% | 60,000 | +$3.9m+5,000 | Added |
| Moore Capital Management LP Macro · $6.7bn book | $9.0m | 0.1% | 17,402 | opened17,402 | New |
| Winton Group Ltd Quantitative · $3.1bn book | $4.0m | 0.1% | 7,720 | +$1.4m+2,492 | Added |
| Rokos Capital Management LLP Macro · $26.8bn book | $400k | 0.0% | 788 | -$20m-39,855 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Maverick Capital Ltd · Long/short equity$211m held before
- Steadfast Capital Management LP · Long/short equity$12m held before
Ownership through time
At least 34 of the 95 managers whose filings are on file listed LIN in Q2 2026, against 40 in Q1 2023. 1 manager fewer than in Q1 2026: 4 started positions; 2 listed it again; 2 sold out, by their own filings; 5 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.
- Q1 2023: 40
- Q2 2023: 35
- Q3 2023: 31
- Q4 2023: 32
- Q1 2024: 27
- Q2 2024: 28
- Q3 2024: 23
- Q4 2024: 32
- Q1 2025: 32
- Q2 2025: 31
- Q3 2025: 28
- Q4 2025: 36
- Q1 2026: 35
- Q2 2026: 34
- Q1 2023: $29.9bn
- Q2 2023: $30.7bn
- Q3 2023: $30.1bn
- Q4 2023: $32.7bn
- Q1 2024: $34.3bn
- Q2 2024: $30.5bn
- Q3 2024: $32.2bn
- Q4 2024: $28.9bn
- Q1 2025: $31.9bn
- Q2 2025: $31.8bn
- Q3 2025: $31.5bn
- Q4 2025: $30.2bn
- Q1 2026: $37.0bn
- Q2 2026: $40.4bn
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
Largest increases, by shares
- T. Rowe Price Associates Inc9,846,511 to 11,832,240 shares+$1.0bn
- Lone Pine Capital LLCnew: 1,558,081 shares+$809m
- Capital Research Global Investors16,051,934 to 17,430,716 shares+$715m
- D1 Capital Partners LPnew: 341,538 shares+$177m
- Invesco Ltd14,999,320 to 15,321,341 shares+$167m
Largest decreases, by shares
- Egerton Capital UK LLP1,068,371 to 300,854 shares-$398m
- Fidelity (FMR LLC)8,997,328 to 8,316,540 shares-$353m
- Wellington Management Group LLP5,152,523 to 4,815,253 shares-$175m
- Artisan Partners LP921,970 to 601,059 shares-$167m
- Two Sigma Investments LP476,650 to 219,076 shares-$134m
Left it
- Maverick Capital Ltdwas $211m
- Steadfast Capital Management LPwas $12m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital Research Global Investors | Q1 2023 | $9.0bn | $9.0bn | |
| Invesco Ltd | Q1 2023 | $8.0bn | $8.0bn | |
| T. Rowe Price Associates Inc | Q1 2023 | $6.1bn | $6.1bn | |
| Fidelity (FMR LLC) | Q1 2023 | $6.4bn | $4.3bn | |
| MFS Investment Management | Q1 2023 | $5.0bn | $3.3bn | |
| Wellington Management Group LLP | Q1 2023 | $3.5bn | $2.5bn | |
| Arrowstreet Capital LP | Q1 2025 | $957m | $957m | |
| Capital World Investors | Q1 2023 | $5.2bn | $846m | |
| Lone Pine Capital LLC | Q2 2026 | $809m | $809m | |
| AllianceBernstein LP | Q1 2023 | $743m | $702m | |
| Dodge & Cox | Q1 2023 | $688m | $688m | |
| Neuberger Berman Group LLC | Q1 2023 | $661m | $661m | |
| Artisan Partners LP | Q1 2023 | $1.3bn | $312m | |
| Marshall Wace LLP | Q1 2023 | $264m | $264m | |
| AQR Capital Management LLC | Q1 2023 | $272m | $251m | |
| Millennium Management LLC | Q1 2023 | $428m | last listed Q4 2025 | |
| Citadel Advisors LLC | Q1 2023 | $404m | last listed Q4 2025 | |
| Susquehanna International Group LLP | Q1 2023 | $320m | last listed Q4 2023 | |
| Renaissance Technologies LLC | Q1 2023 | $312m | last listed Q1 2026 | |
| Maverick Capital Ltd | Q3 2023 | $211m | last listed Q1 2026 | |
| Jane Street Group LLC | Q1 2023 | $190m | last listed Q3 2025 | |
| Point72 Asset Management LP | Q1 2023 | $185m | last listed Q1 2026 | |
| Two Sigma Advisers LP | Q1 2023 | $136m | last listed Q1 2025 | |
| Tudor Investment Corp | Q4 2023 | $86m | last listed Q4 2025 | |
| ExodusPoint Capital Management LP | Q1 2023 | $78m | last listed Q4 2025 |
What LIN 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 LIN →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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