Which funds own MUSA
Murphy USA Inc in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $476m between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 4 managers opened or added against 0 cutting.
- Managers holding
- 4
- at least, of 91 current
- Combined value
- $476m
- as reported
- Opened
- 1
- new this quarter
- Added to
- 3
- already held
- Trimmed or sold out
- 0
- 0 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 |
|---|---|---|---|---|---|
| Renaissance Technologies LLC Quantitative · $72.6bn book | $183m | 0.3% | 340,182 | +$69m+108,320 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $133m | 0.1% | 245,820 | +$31m+41,291 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $101m | 0.1% | 187,342 | +$88m+161,748 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $59m | 0.1% | 109,091 | opened109,091 | New |
Ownership through time
At least 11 of the 95 managers whose filings are on file listed MUSA in Q2 2026, against 4 in Q3 2013. The same number as in Q1 2026: 2 started positions; 4 listed it again; 2 sold out, by their own filings; 4 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.
- Q3 2013: 4
- Q4 2013: 6
- Q1 2014: 6
- Q2 2014: 7
- Q3 2014: 7
- Q4 2014: 8
- Q1 2015: 8
- Q2 2015: 7
- Q3 2015: 11
- Q4 2015: 8
- Q1 2016: 7
- Q2 2016: 9
- Q3 2016: 4
- Q4 2016: 5
- Q1 2017: 6
- Q2 2017: 6
- Q3 2017: 5
- Q4 2017: 4
- Q1 2018: 4
- Q2 2018: 8
- Q3 2018: 8
- Q4 2018: 9
- Q1 2019: 8
- Q2 2019: 10
- Q3 2019: 9
- Q4 2019: 10
- Q1 2020: 12
- Q2 2020: 13
- Q3 2020: 10
- Q4 2020: 8
- Q1 2021: 9
- Q2 2021: 8
- Q3 2021: 7
- Q4 2021: 10
- Q1 2022: 14
- Q2 2022: 14
- Q3 2022: 16
- Q4 2022: 15
- Q1 2023: 15
- Q2 2023: 12
- Q3 2023: 9
- Q4 2023: 11
- Q1 2024: 10
- Q2 2024: 9
- Q3 2024: 12
- Q4 2024: 9
- Q1 2025: 13
- Q2 2025: 10
- Q3 2025: 10
- Q4 2025: 11
- Q1 2026: 11
- Q2 2026: 11
- Q3 2013: $386m
- Q4 2013: $471m
- Q1 2014: $437m
- Q2 2014: $252m
- Q3 2014: $517m
- Q4 2014: $613m
- Q1 2015: $546m
- Q2 2015: $171m
- Q3 2015: $199m
- Q4 2015: $197m
- Q1 2016: $175m
- Q2 2016: $168m
- Q3 2016: $120m
- Q4 2016: $100m
- Q1 2017: $177m
- Q2 2017: $153m
- Q3 2017: $73m
- Q4 2017: $79m
- Q1 2018: $71m
- Q2 2018: $118m
- Q3 2018: $151m
- Q4 2018: $106m
- Q1 2019: $221m
- Q2 2019: $246m
- Q3 2019: $187m
- Q4 2019: $336m
- Q1 2020: $241m
- Q2 2020: $314m
- Q3 2020: $397m
- Q4 2020: $241m
- Q1 2021: $262m
- Q2 2021: $185m
- Q3 2021: $172m
- Q4 2021: $221m
- Q1 2022: $268m
- Q2 2022: $490m
- Q3 2022: $636m
- Q4 2022: $645m
- Q1 2023: $533m
- Q2 2023: $563m
- Q3 2023: $744m
- Q4 2023: $841m
- Q1 2024: $1.1bn
- Q2 2024: $1.5bn
- Q3 2024: $1.7bn
- Q4 2024: $1.6bn
- Q1 2025: $1.7bn
- Q2 2025: $782m
- Q3 2025: $700m
- Q4 2025: $1.4bn
- Q1 2026: $1.3bn
- Q2 2026: $982m
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
- Artisan Partners LP$59m
- Winton Group Ltd$1.4m
Largest increases, by shares
- Artisan Partners LPnew: 109,091 shares+$59m
- Renaissance Technologies LLC231,862 to 340,182 shares+$58m
- AllianceBernstein LP184,163 to 292,024 shares+$53m
- Marshall Wace LLP204,529 to 245,820 shares+$22m
- Balyasny Asset Management LLC76,130 to 86,099 shares+$5.4m
Largest decreases, by shares
- AQR Capital Management LLC315,918 to 304,067 shares-$6.3m
Left it
- Maverick Capital Ltdwas $658k
- PDT Partners LLCwas $396k
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Renaissance Technologies LLC | Q4 2019 | $213m | $183m | |
| AQR Capital Management LLC | Q4 2013 | $205m | $161m | |
| AllianceBernstein LP | Q3 2015 | $144m | $144m | |
| Marshall Wace LLP | Q3 2015 | $132m | $132m | |
| Squarepoint Ops LLC | Q2 2015 | $101m | $101m | |
| Two Sigma Investments LP | Q3 2015 | $90m | $90m | |
| Artisan Partners LP | Q2 2026 | $59m | $59m | |
| Man Group PLC | Q3 2018 | $55m | $49m | |
| Balyasny Asset Management LLC | Q3 2015 | $69m | $46m | |
| Bridgewater Associates LP | Q2 2018 | $13m | $13m | |
| Winton Group Ltd | Q3 2019 | $17m | $1.4m | |
| Fidelity (FMR LLC) | Q3 2013 | $895m | last listed Q1 2026 | |
| Millennium Management LLC | Q1 2016 | $344m | last listed Q4 2025 | |
| Holocene Advisors LP | Q2 2018 | $296m | last listed Q3 2025 | |
| Acadian Asset Management LLC | Q2 2014 | $128m | last listed Q1 2023 | |
| D. E. Shaw & Co. | Q4 2013 | $103m | last listed Q4 2025 | |
| Capital World Investors | Q3 2013 | $99m | last listed Q4 2025 | |
| Arrowstreet Capital LP | Q3 2018 | $79m | last listed Q1 2024 | |
| Neuberger Berman Group LLC | Q2 2025 | $74m | last listed Q1 2026 | |
| Voloridge Investment Management LLC | Q2 2019 | $71m | last listed Q3 2025 | |
| Two Sigma Advisers LP | Q3 2015 | $58m | last listed Q1 2023 |
What MUSA 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 MUSA →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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