Free · no sign-up · Q2 2026

Which funds own MCD

McDonald's Corp in the Q2 2026 filings. At least 18 of the 91 current managers on file reported a position, worth $10.6bn 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: 18; at least, of 91 current
Combined value: $10.6bn; as reported
Opened: 2; new this quarter
Added to: 7; already held
Trimmed or sold out: 11; 4 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
T. Rowe Price Associates Inc Long-only · $999bn book	$2.4bn	0.2%	9,024,883	-$586m-710,071	Trimmed
Capital Research Global Investors Long-only · $717bn book	$2.4bn	0.3%	8,961,454	+$280m+2,067,217	Added
Arrowstreet Capital LP Quantitative · $225bn book	$1.2bn	0.5%	4,265,113	+$22m+627,328	Added
Invesco Ltd Long-only · $1264bn book	$1.0bn	0.1%	3,823,762	-$70m+273,199	Added
Wellington Management Group LLP Long-only · $580bn book	$832m	0.1%	3,075,944	-$230m-338,831	Trimmed
Viking Global Investors LP Long/short equity · $35.1bn book	$765m	2.2%	2,829,158	-$362m-795,871	Trimmed
Neuberger Berman Group LLC Long-only · $150bn book	$522m	0.3%	1,931,973	-$81m-8,581	Trimmed
Janus Henderson Group Ltd Long-only · $245bn book	$482m	0.2%	1,784,065	+$264m+1,082,866	Added
AllianceBernstein LP Long-only · $302bn book	$467m	0.2%	1,503,324	-$128m-444,577	Trimmed
Point72 Asset Management LP Multi-strategy · $90.7bn book	$174m	0.2%	645,216	opened645,216	New
Renaissance Technologies LLC Quantitative · $72.6bn book	$95m	0.1%	351,136	-$74m-191,628	Trimmed
Walleye Capital LLC Multi-strategy · $28.0bn book	$88m	0.3%	325,190	+$14m+86,553	Added
Soros Fund Management LLC Macro · $8.1bn book	$33m	0.4%	123,562	-$5.0m0	Held
Baillie Gifford & Co Long-only · $110bn book	$30m	0.0%	110,979	-$7.1m-8,364	Trimmed
Winton Group Ltd Quantitative · $3.1bn book	$13m	0.4%	47,960	opened47,960	New
Quantbot Technologies LP Quantitative · $2.5bn book	$6.5m	0.3%	23,995	+$2.5m+11,298	Added
Caxton Associates LLP Macro · $5.3bn book	$5.3m	0.1%	19,653	+$5.1m+18,883	Added
Dodge & Cox Value · $191bn book	$1.7m	0.0%	6,425	-$300k0	Held

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$91m held before
Freestone Grove Partners LP · Multi-strategy$90m held before
Acadian Asset Management LLC · Quantitative$26m held before
Two Sigma Investments LP · Quantitative$25m held before

Ownership through time

At least 28 of the 95 managers whose filings are on file listed MCD in Q2 2026, against 21 in Q2 2013. 1 manager more than in Q1 2026: 3 started positions; 3 listed it again; 3 sold out, by their own filings; 2 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

Largest increases, by shares

Capital Research Global Investors6,894,237 to 8,961,454 shares+$559m
Janus Henderson Group Ltd701,199 to 1,784,065 shares+$293m
Point72 Asset Management LPnew: 645,216 shares+$174m
Arrowstreet Capital LP3,637,785 to 4,265,113 shares+$170m
AQR Capital Management LLC659,262 to 1,005,629 shares+$93m

Largest decreases, by shares

Viking Global Investors LP3,625,029 to 2,829,158 shares-$215m
T. Rowe Price Associates Inc9,734,954 to 9,024,883 shares-$192m
AllianceBernstein LP1,947,901 to 1,503,324 shares-$138m
Fidelity (FMR LLC)3,598,976 to 3,192,355 shares-$110m
Wellington Management Group LLP3,414,775 to 3,075,944 shares-$92m

Left it

Manager	First listed	Largest	Q2 2026
T. Rowe Price Associates Inc	Q2 2013	$3.4bn	$2.4bn
Capital Research Global Investors	Q3 2014	$3.1bn	$2.4bn
Arrowstreet Capital LP	Q2 2017	$1.2bn	$1.2bn
Invesco Ltd	Q2 2013	$1.5bn	$1.0bn
Fidelity (FMR LLC)	Q2 2013	$4.4bn	$863m
Wellington Management Group LLP	Q2 2013	$8.3bn	$831m
Viking Global Investors LP	Q4 2015	$1.1bn	$765m
Neuberger Berman Group LLC	Q2 2013	$888m	$522m
Janus Henderson Group Ltd	Q2 2013	$1.4bn	$482m
AllianceBernstein LP	Q2 2013	$1.2bn	$467m
AQR Capital Management LLC	Q2 2013	$297m	$270m
Point72 Asset Management LP	Q3 2014	$270m	$174m
Renaissance Technologies LLC	Q2 2013	$836m	$95m
Walleye Capital LLC	Q4 2019	$88m	$88m
Man Group PLC	Q1 2018	$179m	$61m
Capital World Investors	Q2 2013	$5.2bn	last listed Q4 2025
MFS Investment Management	Q2 2013	$1.9bn	last listed Q3 2016
Southeastern Asset Management Inc	Q3 2014	$1.1bn	last listed Q4 2015
Citadel Advisors LLC	Q4 2015	$778m	last listed Q2 2025
D. E. Shaw & Co.	Q2 2013	$713m	last listed Q4 2025
First Eagle Investment Management LLC	Q2 2014	$576m	last listed Q2 2016
Marshall Wace LLP	Q1 2014	$459m	last listed Q1 2026
Two Sigma Advisers LP	Q3 2013	$446m	last listed Q4 2025
Harris Associates LP	Q2 2013	$392m	last listed Q4 2025
Balyasny Asset Management LLC	Q2 2013	$325m	last listed Q4 2025

What MCD 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 MCD →

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

Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More

Provided for information purposes only, not financial advice. The holdings indexed here and anything drawn from them are illustrative, produced from assumptions you control, and must not be relied on for any investment, financial or business decision. Read the full notice

Not advice, and not a recommendation. Everything L3VLUP publishes is provided for information purposes only. Nothing here is financial, investment, legal, tax or accounting advice, a personal recommendation, or an offer or solicitation to buy or sell any security or financial instrument. It takes no account of anyone’s objectives, financial situation or needs.

Not a regulated adviser. L3VLUP does not provide regulated financial services. Speak to a suitably qualified and regulated professional before acting on anything you read here.

Illustrative figures. Default values are plausible starting points chosen so a model has somewhere to begin. They are not data, not a view on any company, and not calibrated to anything. Outputs move with whatever you type in.

Third-party data. Where live figures appear they come from third parties, including public filings and market feeds. They may be delayed, incomplete, restated, mis-tagged at source or simply wrong, and their providers do not endorse or verify this page. Every figure links to where it came from — check it there before relying on it. Past performance is not a guide to future performance.

Company names and logos. Names, tickers and logos are the trademarks of their owners and appear only to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, none of them took part in preparing the exercise, and nothing here is a statement by or about any of them. See third-party names and marks.

No warranty, and limited liability. This page is provided “as is” without warranty of any kind. To the fullest extent permitted by law, L3VLUP accepts no liability for any loss or damage arising from use of, or reliance on, anything on it. Nothing in this notice limits any liability that cannot lawfully be limited.

Full terms: Information Purposes and No Advice · Terms

The holdings, every quarter, and the week between

One email a week on what moved in the market and what it means for the people interviewing into it, with the 13F changes the quarter they are filed.

One email a week, free, and you can leave at any point.