Which funds own MDT
Medtronic PLC in the Q2 2026 filings. At least 19 of the 91 current managers on file reported a position, worth $10.6bn 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: 14 managers opened or added against 8 cutting.
- Managers holding
- 19
- at least, of 91 current
- Combined value
- $10.6bn
- as reported
- Opened
- 4
- new this quarter
- Added to
- 10
- already held
- Trimmed or sold out
- 8
- 3 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 |
|---|---|---|---|---|---|
| MFS Investment Management Long-only · $315bn book | $2.6bn | 0.8% | 19,872,600 | -$52m-1,564,999 | Trimmed |
| Invesco Ltd Long-only · $1264bn book | $1.4bn | 0.1% | 17,885,150 | -$55m+1,098,152 | Added |
| First Eagle Investment Management LLC Value · $60.8bn book | $1.1bn | 1.8% | 13,783,983 | +$208m+3,739,288 | Added |
| Capital Research Global Investors Long-only · $717bn book | $1.0bn | 0.1% | 13,261,310 | -$2.6bn-28,665,280 | Trimmed |
| Arrowstreet Capital LP Quantitative · $225bn book | $1.0bn | 0.4% | 12,892,710 | +$605m+8,233,285 | Added |
| Capital World Investors Long-only · $846bn book | $655m | 0.1% | 8,373,074 | -$775m-8,134,242 | Trimmed |
| Dodge & Cox Value · $191bn book | $616m | 0.3% | 7,875,898 | -$51m+181,290 | Added |
| AllianceBernstein LP Long-only · $302bn book | $574m | 0.2% | 6,621,751 | -$178m-1,199,318 | Trimmed |
| D. E. Shaw & Co. Quantitative · $210bn book | $344m | 0.2% | 4,396,781 | +$266m+3,502,166 | Added |
| Janus Henderson Group Ltd Long-only · $245bn book | $344m | 0.1% | 4,391,694 | +$98m+1,555,878 | Added |
| Two Sigma Investments LP Quantitative · $138bn book | $254m | 0.2% | 3,240,847 | +$201m+2,635,279 | Added |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $248m | 0.3% | 3,167,741 | opened3,167,741 | New |
| Neuberger Berman Group LLC Long-only · $150bn book | $194m | 0.1% | 2,468,323 | -$127m-1,229,880 | Trimmed |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $170m | 0.2% | 2,166,735 | +$24m+483,231 | Added |
| Bridgewater Associates LP Macro · $24.4bn book | $38m | 0.2% | 482,525 | +$16m+227,285 | Added |
| Baillie Gifford & Co Long-only · $110bn book | $36m | 0.0% | 463,954 | -$3.3m+6,610 | Added |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $25m | 0.1% | 325,270 | opened325,270 | New |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $9.0m | 0.1% | 114,800 | opened114,800 | New |
| Quantbot Technologies LP Quantitative · $2.5bn book | $4.5m | 0.2% | 57,346 | opened57,346 | New |
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$115m held before
- Winton Group Ltd · Quantitative$12m held before
- Polen Capital Management LLC · Long-only$5.3m held before
Ownership through time
At least 29 of the 95 managers whose filings are on file listed MDT in Q2 2026, against 1 in Q4 2014. 5 managers more than in Q1 2026: 4 started positions; 5 listed it again; 3 sold out, by their own filings; 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.
- Q4 2014: 1
- Q1 2015: 24
- Q2 2015: 25
- Q3 2015: 21
- Q4 2015: 26
- Q1 2016: 26
- Q2 2016: 27
- Q3 2016: 22
- Q4 2016: 31
- Q1 2017: 31
- Q2 2017: 28
- Q3 2017: 28
- Q4 2017: 34
- Q1 2018: 28
- Q2 2018: 26
- Q3 2018: 29
- Q4 2018: 32
- Q1 2019: 32
- Q2 2019: 27
- Q3 2019: 26
- Q4 2019: 33
- Q1 2020: 31
- Q2 2020: 32
- Q3 2020: 32
- Q4 2020: 33
- Q1 2021: 37
- Q2 2021: 34
- Q3 2021: 32
- Q4 2021: 31
- Q1 2022: 28
- Q2 2022: 35
- Q3 2022: 33
- Q4 2022: 32
- Q1 2023: 25
- Q2 2023: 30
- Q3 2023: 28
- Q4 2023: 24
- Q1 2024: 19
- Q2 2024: 26
- Q3 2024: 30
- Q4 2024: 33
- Q1 2025: 27
- Q2 2025: 30
- Q3 2025: 25
- Q4 2025: 27
- Q1 2026: 24
- Q2 2026: 29
- Q4 2014: $6.3m
- Q1 2015: $21.3bn
- Q2 2015: $20.6bn
- Q3 2015: $19.1bn
- Q4 2015: $22.6bn
- Q1 2016: $22.0bn
- Q2 2016: $25.3bn
- Q3 2016: $24.2bn
- Q4 2016: $24.7bn
- Q1 2017: $26.4bn
- Q2 2017: $26.8bn
- Q3 2017: $23.5bn
- Q4 2017: $22.8bn
- Q1 2018: $20.7bn
- Q2 2018: $21.7bn
- Q3 2018: $24.7bn
- Q4 2018: $21.3bn
- Q1 2019: $19.5bn
- Q2 2019: $20.6bn
- Q3 2019: $23.1bn
- Q4 2019: $22.4bn
- Q1 2020: $17.4bn
- Q2 2020: $16.7bn
- Q3 2020: $18.3bn
- Q4 2020: $20.0bn
- Q1 2021: $20.8bn
- Q2 2021: $22.1bn
- Q3 2021: $21.6bn
- Q4 2021: $18.5bn
- Q1 2022: $18.0bn
- Q2 2022: $15.2bn
- Q3 2022: $13.7bn
- Q4 2022: $13.4bn
- Q1 2023: $13.6bn
- Q2 2023: $15.2bn
- Q3 2023: $13.1bn
- Q4 2023: $12.7bn
- Q1 2024: $12.8bn
- Q2 2024: $11.2bn
- Q3 2024: $13.9bn
- Q4 2024: $11.5bn
- Q1 2025: $13.8bn
- Q2 2025: $13.3bn
- Q3 2025: $13.6bn
- Q4 2025: $14.9bn
- Q1 2026: $14.3bn
- Q2 2026: $12.8bn
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
- Arrowstreet Capital LP4,659,425 to 12,892,710 shares+$644m
- First Eagle Investment Management LLC10,044,695 to 13,783,983 shares+$293m
- D. E. Shaw & Co.894,615 to 4,396,781 shares+$274m
- Renaissance Technologies LLCnew: 3,167,741 shares+$248m
- Two Sigma Investments LP605,568 to 3,240,847 shares+$206m
Largest decreases, by shares
- Capital Research Global Investors41,926,590 to 13,261,310 shares-$2.2bn
- Capital World Investors16,507,316 to 8,373,074 shares-$636m
- MFS Investment Management21,437,599 to 19,872,600 shares-$205m
- AllianceBernstein LP7,821,069 to 6,621,751 shares-$104m
- Neuberger Berman Group LLC3,698,203 to 2,468,323 shares-$96m
Left it
- Artisan Partners LPwas $115m
- Winton Group Ltdwas $12m
- Polen Capital Management LLCwas $5.3m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| MFS Investment Management | Q1 2015 | $6.0bn | $2.6bn | |
| Invesco Ltd | Q1 2015 | $1.6bn | $1.4bn | |
| First Eagle Investment Management LLC | Q1 2015 | $1.1bn | $1.1bn | |
| Capital Research Global Investors | Q4 2016 | $3.7bn | $1.0bn | |
| Arrowstreet Capital LP | Q1 2017 | $1.0bn | $1.0bn | |
| Capital World Investors | Q4 2016 | $2.4bn | $655m | |
| Dodge & Cox | Q1 2015 | $1.7bn | $616m | |
| T. Rowe Price Associates Inc | Q1 2015 | $3.0bn | $593m | |
| AllianceBernstein LP | Q1 2015 | $1.2bn | $574m | |
| Wellington Management Group LLP | Q1 2015 | $7.9bn | $506m | |
| Citadel Advisors LLC | Q4 2015 | $854m | $420m | |
| D. E. Shaw & Co. | Q2 2015 | $519m | $344m | |
| Janus Henderson Group Ltd | Q2 2016 | $902m | $344m | |
| Jane Street Group LLC | Q4 2015 | $276m | $276m | |
| AQR Capital Management LLC | Q1 2015 | $430m | $258m | |
| Fidelity (FMR LLC) | Q1 2015 | $6.6bn | last listed Q3 2021 | |
| Artisan Partners LP | Q1 2015 | $2.8bn | last listed Q1 2026 | |
| Harris Associates LP | Q1 2015 | $884m | last listed Q4 2018 | |
| Millennium Management LLC | Q1 2015 | $560m | last listed Q4 2025 | |
| Two Sigma Advisers LP | Q4 2016 | $432m | last listed Q2 2025 | |
| Holocene Advisors LP | Q4 2017 | $151m | last listed Q3 2024 | |
| Marshall Wace LLP | Q4 2014 | $144m | last listed Q4 2024 | |
| Acadian Asset Management LLC | Q2 2018 | $136m | last listed Q1 2026 | |
| Steadfast Capital Management LP | Q2 2020 | $134m | last listed Q3 2025 | |
| Point72 Asset Management LP | Q1 2015 | $128m | last listed Q2 2025 |
What MDT 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 MDT →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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