Free · no sign-up · Q2 2026

Which funds own LPLA

LPL Finl HLDGS Inc in the Q2 2026 filings. At least 16 of the 91 current managers on file reported a position, worth $5.2bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 12 managers opened or added against 4 cutting.

Managers holding: 16; at least, of 91 current
Combined value: $5.2bn; as reported
Opened: 4; new this quarter
Added to: 8; 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
Dodge & Cox Activist · $191bn book	$1.3bn	0.7%	4,578,679	+$42m+432,132	Added
Janus Henderson Group Ltd Long-only · $245bn book	$1.2bn	0.5%	4,198,356	+$80m+531,576	Added
Capital World Investors Long-only · $846bn book	$660m	0.1%	2,343,266	-$36m+30,820	Added
AllianceBernstein LP Long-only · $302bn book	$417m	0.1%	1,385,759	-$145m-186,239	Trimmed
MFS Investment Management Long-only · $315bn book	$414m	0.1%	1,458,759	-$757m-2,410,600	Trimmed
Lone Pine Capital LLC Long/short equity · $16.4bn book	$343m	2.1%	1,219,099	-$273m-830,868	Trimmed
Marshall Wace LLP Quantitative · $127bn book	$275m	0.2%	975,627	opened975,627	New
Markel Group Inc Activist · $13.1bn book	$158m	1.2%	559,951	-$11m0	Held
Point72 Asset Management LP Multi-strategy · $90.7bn book	$143m	0.2%	507,345	+$128m+456,702	Added
Holocene Advisors LP Long/short equity · $44.4bn book	$130m	0.3%	462,479	+$4.6m+44,832	Added
Freestone Grove Partners LP Multi-strategy · $15.6bn book	$50m	0.3%	178,123	opened178,123	New
Hudson Bay Capital Management LP Multi-strategy · $36.8bn book	$39m	0.1%	138,214	-$1.8m+2,890	Added
Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book	$31m	0.1%	109,073	+$3.7m+19,311	Added
Discovery Capital Management LLC Macro · $2.4bn book	$26m	1.1%	93,500	opened93,500	New
Moore Capital Management LP Macro · $6.7bn book	$16m	0.2%	55,840	opened55,840	New
Winton Group Ltd Quantitative · $3.1bn book	$6.2m	0.2%	21,878	+$5.9m+20,842	Added

Sold out of this quarter

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

First Eagle Investment Management LLC · Activist$0 held before

Ownership through time

At least 20 of the 95 managers whose filings are on file listed LPLA in Q2 2026, against 7 in Q2 2013. 5 managers more than in Q1 2026: 5 started positions; 4 listed it again; 1 sold out, by its own filing; 3 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

Largest increases, by shares

Marshall Wace LLPnew: 975,627 shares+$275m
Janus Henderson Group Ltd3,666,780 to 4,198,356 shares+$150m
Dodge & Cox4,146,547 to 4,578,679 shares+$122m
Freestone Grove Partners LPnew: 178,123 shares+$50m
Balyasny Asset Management LLCnew: 161,641 shares+$46m

Largest decreases, by shares

MFS Investment Management3,869,359 to 1,458,759 shares-$684m
Lone Pine Capital LLC2,049,967 to 1,219,099 shares-$234m
AllianceBernstein LP1,571,998 to 1,385,759 shares-$56m

Left it

First Eagle Investment Management LLCwas $2k

Manager	First listed	Largest	Q2 2026
Dodge & Cox	Q3 2024	$1.4bn	$1.3bn
Janus Henderson Group Ltd	Q2 2017	$1.4bn	$1.2bn
Capital World Investors	Q3 2022	$1.3bn	$660m
AllianceBernstein LP	Q2 2020	$561m	$417m
MFS Investment Management	Q2 2013	$1.3bn	$414m
Lone Pine Capital LLC	Q1 2014	$750m	$343m
Marshall Wace LLP	Q2 2014	$275m	$275m
Markel Group Inc	Q4 2022	$204m	$158m
Point72 Asset Management LP	Q1 2017	$143m	$143m
Holocene Advisors LP	Q2 2020	$130m	$130m
Freestone Grove Partners LP	Q2 2025	$50m	$50m
Balyasny Asset Management LLC	Q2 2013	$154m	$46m
Renaissance Technologies LLC	Q1 2018	$80m	$43m
Hudson Bay Capital Management LP	Q4 2017	$83m	$39m
Schonfeld Strategic Advisors LLC	Q2 2017	$31m	$31m
Fidelity (FMR LLC)	Q2 2022	$1.0bn	last listed Q2 2025
Wellington Management Group LLP	Q2 2013	$653m	last listed Q2 2025
T. Rowe Price Associates Inc	Q1 2014	$627m	last listed Q3 2024
Capital Research Global Investors	Q1 2022	$604m	last listed Q2 2024
Invesco Ltd	Q4 2013	$432m	last listed Q3 2022
Millennium Management LLC	Q1 2014	$350m	last listed Q1 2026
Egerton Capital UK LLP	Q1 2022	$312m	last listed Q4 2025
Artisan Partners LP	Q2 2013	$278m	last listed Q2 2025
Citadel Advisors LLC	Q3 2019	$278m	last listed Q1 2026
D. E. Shaw & Co.	Q4 2017	$250m	last listed Q1 2025

What LPLA 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.

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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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