Which funds own MS
Morgan Stanley in the Q2 2026 filings. At least 23 of the 91 current managers on file reported a position, worth $24.8bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 23
- at least, of 91 current
- Combined value
- $24.8bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 12
- already held
- Trimmed or sold out
- 12
- 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 |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $5.2bn | 0.2% | 24,903,987 | +$1.5bn+2,173,964 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $4.0bn | 0.4% | 19,246,850 | +$1.2bn+2,232,093 | Added |
| Capital Research Global Investors Long-only · $717bn book | $3.8bn | 0.5% | 18,070,606 | +$442m-2,200,114 | Trimmed |
| Capital World Investors Long-only · $846bn book | $2.1bn | 0.3% | 10,170,848 | +$1.9bn+8,554,426 | Added |
| Invesco Ltd Long-only · $1264bn book | $1.9bn | 0.2% | 9,205,421 | +$633m+1,358,963 | Added |
| MFS Investment Management Long-only · $315bn book | $1.9bn | 0.6% | 9,212,711 | -$14m-2,537,145 | Trimmed |
| Wellington Management Group LLP Long-only · $580bn book | $1.1bn | 0.2% | 5,129,203 | +$306m+471,432 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $972m | 0.8% | 4,648,847 | +$281m+451,578 | Added |
| Janus Henderson Group Ltd Long-only · $245bn book | $742m | 0.3% | 3,551,238 | +$97m-371,471 | Trimmed |
| Two Sigma Investments LP Quantitative · $138bn book | $716m | 0.5% | 3,423,546 | +$100m-316,066 | Trimmed |
| Neuberger Berman Group LLC Long-only · $150bn book | $543m | 0.4% | 2,597,715 | +$151m+214,361 | Added |
| AllianceBernstein LP Long-only · $302bn book | $432m | 0.1% | 2,622,343 | -$78m-246,420 | Trimmed |
| Viking Global Investors LP Long/short equity · $35.1bn book | $339m | 1.0% | 1,622,593 | opened1,622,593 | New |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $284m | 0.3% | 1,360,434 | +$57m-21,859 | Trimmed |
| Holocene Advisors LP Long/short equity · $44.4bn book | $220m | 0.5% | 1,052,219 | +$119m+440,802 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $217m | 0.2% | 1,037,571 | +$20m-161,630 | Trimmed |
| Woodline Partners LP Long/short equity · $32.4bn book | $109m | 0.3% | 521,140 | +$86m+382,171 | Added |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $74m | 0.2% | 355,511 | +$46m+181,029 | Added |
| Tudor Investment Corp Macro · $71.9bn book | $56m | 0.1% | 270,000 | +$31m+114,104 | Added |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $36m | 0.1% | 170,288 | +$26m+109,386 | Added |
| GAMCO Investors Inc Activist · $11.1bn book | $21m | 0.2% | 100,177 | +$3.3m-7,165 | Trimmed |
| Rokos Capital Management LLP Macro · $26.8bn book | $15m | 0.1% | 69,301 | -$25m-167,420 | Trimmed |
| Soros Fund Management LLC Macro · $8.1bn book | $4.0m | 0.0% | 19,096 | opened19,096 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Renaissance Technologies LLC · Quantitative$111m held before
- ExodusPoint Capital Management LP · Multi-strategy$23m held before
- Voloridge Investment Management LLC · Quantitative$21m held before
Ownership through time
At least 32 of the 95 managers whose filings are on file listed MS in Q2 2026, against 17 in Q2 2013. 2 managers fewer than in Q1 2026: 2 started positions; 1 listed it again; 2 sold out, by their own filings; 3 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.
- Q2 2013: 17
- Q3 2013: 15
- Q4 2013: 15
- Q1 2014: 15
- Q2 2014: 14
- Q3 2014: 13
- Q4 2014: 15
- Q1 2015: 18
- Q2 2015: 17
- Q3 2015: 22
- Q4 2015: 24
- Q1 2016: 17
- Q2 2016: 16
- Q3 2016: 16
- Q4 2016: 27
- Q1 2017: 25
- Q2 2017: 23
- Q3 2017: 22
- Q4 2017: 24
- Q1 2018: 23
- Q2 2018: 30
- Q3 2018: 32
- Q4 2018: 29
- Q1 2019: 28
- Q2 2019: 30
- Q3 2019: 30
- Q4 2019: 23
- Q1 2020: 31
- Q2 2020: 24
- Q3 2020: 34
- Q4 2020: 28
- Q1 2021: 33
- Q2 2021: 27
- Q3 2021: 28
- Q4 2021: 27
- Q1 2022: 25
- Q2 2022: 27
- Q3 2022: 21
- Q4 2022: 22
- Q1 2023: 17
- Q2 2023: 23
- Q3 2023: 20
- Q4 2023: 21
- Q1 2024: 24
- Q2 2024: 24
- Q3 2024: 25
- Q4 2024: 25
- Q1 2025: 27
- Q2 2025: 26
- Q3 2025: 33
- Q4 2025: 33
- Q1 2026: 34
- Q2 2026: 32
- Q2 2013: $4.6bn
- Q3 2013: $5.1bn
- Q4 2013: $5.9bn
- Q1 2014: $5.8bn
- Q2 2014: $6.1bn
- Q3 2014: $6.9bn
- Q4 2014: $7.7bn
- Q1 2015: $7.2bn
- Q2 2015: $8.5bn
- Q3 2015: $6.7bn
- Q4 2015: $7.2bn
- Q1 2016: $5.4bn
- Q2 2016: $6.9bn
- Q3 2016: $8.3bn
- Q4 2016: $10.8bn
- Q1 2017: $10.4bn
- Q2 2017: $11.3bn
- Q3 2017: $11.6bn
- Q4 2017: $12.0bn
- Q1 2018: $12.6bn
- Q2 2018: $10.6bn
- Q3 2018: $10.2bn
- Q4 2018: $8.1bn
- Q1 2019: $7.8bn
- Q2 2019: $7.7bn
- Q3 2019: $6.6bn
- Q4 2019: $7.7bn
- Q1 2020: $5.9bn
- Q2 2020: $9.0bn
- Q3 2020: $8.9bn
- Q4 2020: $15.5bn
- Q1 2021: $16.4bn
- Q2 2021: $18.8bn
- Q3 2021: $20.9bn
- Q4 2021: $18.2bn
- Q1 2022: $15.5bn
- Q2 2022: $13.1bn
- Q3 2022: $14.4bn
- Q4 2022: $15.1bn
- Q1 2023: $16.7bn
- Q2 2023: $15.1bn
- Q3 2023: $12.7bn
- Q4 2023: $13.1bn
- Q1 2024: $13.1bn
- Q2 2024: $13.6bn
- Q3 2024: $14.4bn
- Q4 2024: $17.7bn
- Q1 2025: $14.6bn
- Q2 2025: $17.4bn
- Q3 2025: $20.8bn
- Q4 2025: $22.3bn
- Q1 2026: $19.8bn
- Q2 2026: $25.5bn
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 World Investors1,616,422 to 10,170,848 shares+$1.8bn
- T. Rowe Price Associates Inc17,014,757 to 19,246,850 shares+$467m
- Fidelity (FMR LLC)22,730,023 to 24,903,987 shares+$454m
- Viking Global Investors LPnew: 1,622,593 shares+$339m
- Invesco Ltd7,846,458 to 9,205,421 shares+$284m
Largest decreases, by shares
- Millennium Management LLC3,997,261 to 529,314 shares-$725m
- MFS Investment Management11,749,856 to 9,212,711 shares-$528m
- Capital Research Global Investors20,270,720 to 18,070,606 shares-$460m
- Point72 Asset Management LP1,446,420 to 245,395 shares-$251m
- D. E. Shaw & Co.1,864,278 to 1,031,476 shares-$174m
Left it
- Renaissance Technologies LLCwas $111m
- ExodusPoint Capital Management LPwas $20m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Fidelity (FMR LLC) | Q2 2013 | $5.2bn | $5.2bn | |
| T. Rowe Price Associates Inc | Q2 2013 | $6.7bn | $4.0bn | |
| Capital Research Global Investors | Q1 2021 | $3.8bn | $3.8bn | |
| Capital World Investors | Q2 2013 | $2.1bn | $2.1bn | |
| Invesco Ltd | Q2 2013 | $1.9bn | $1.9bn | |
| MFS Investment Management | Q2 2013 | $2.2bn | $1.9bn | |
| Wellington Management Group LLP | Q2 2013 | $4.2bn | $1.1bn | |
| Marshall Wace LLP | Q1 2014 | $972m | $972m | |
| Janus Henderson Group Ltd | Q2 2013 | $1.4bn | $742m | |
| Two Sigma Investments LP | Q4 2017 | $716m | $716m | |
| Neuberger Berman Group LLC | Q2 2013 | $543m | $543m | |
| AllianceBernstein LP | Q2 2013 | $569m | $432m | |
| Viking Global Investors LP | Q2 2026 | $339m | $339m | |
| Acadian Asset Management LLC | Q4 2016 | $284m | $284m | |
| Holocene Advisors LP | Q1 2019 | $307m | $220m | |
| ValueAct Holdings LP | Q2 2016 | $1.3bn | last listed Q4 2020 | |
| Citadel Advisors LLC | Q4 2015 | $920m | last listed Q1 2026 | |
| Arrowstreet Capital LP | Q2 2017 | $331m | last listed Q4 2024 | |
| Caxton Associates LLP | Q2 2013 | $222m | last listed Q3 2025 | |
| Renaissance Technologies LLC | Q2 2018 | $217m | last listed Q1 2026 | |
| Susquehanna International Group LLP | Q4 2014 | $209m | last listed Q2 2023 | |
| Jane Street Group LLC | Q1 2015 | $208m | last listed Q4 2025 | |
| Two Sigma Advisers LP | Q2 2018 | $190m | last listed Q4 2025 | |
| Egerton Capital UK LLP | Q4 2016 | $174m | last listed Q2 2018 | |
| Discovery Capital Management LLC | Q4 2015 | $137m | last listed Q1 2017 |
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.
- Hudson Bay Capital Management LP · puts$52m notional
What MS 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 MS →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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