Free · no sign-up · Q2 2026

Which funds own PAM

Pampa Energia SA in the Q2 2026 filings. At least 1 of the 91 current managers on file reported a position, worth $5.4m 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: 1; at least, of 91 current
Combined value: $5.4m; as reported
Opened: 1; new this quarter
Added to: 0; 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
Discovery Capital Management LLC Macro · $2.4bn book	$5.4m	0.2%	65,200	opened65,200	New

Ownership through time

At least 2 of the 95 managers whose filings are on file listed PAM in Q2 2026, against 1 in Q2 2013. 1 manager more than in Q1 2026: 1 started a position.

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

Discovery Capital Management LLC$5.4m

Largest increases, by shares

Discovery Capital Management LLCnew: 65,200 shares+$5.4m
Brevan Howard Capital Management LP74,913 to 75,913 shares+$82k

Largest decreases, by shares

No manager on file sold part of it.

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Brevan Howard Capital Management LP	Q1 2015	$32m	$6.2m
Discovery Capital Management LLC	Q2 2016	$20m	$5.4m
Capital World Investors	Q1 2017	$318m	last listed Q3 2019
Capital Research Global Investors	Q4 2016	$122m	last listed Q1 2019
Third Point LLC	Q3 2017	$109m	last listed Q1 2018
Oaktree Capital Management LP	Q3 2018	$28m	last listed Q4 2024
Acadian Asset Management LLC	Q1 2015	$17m	last listed Q4 2018
Voloridge Investment Management LLC	Q1 2017	$13m	last listed Q1 2025
Point72 Asset Management LP	Q3 2018	$8.6m	last listed Q3 2018
Hudson Bay Capital Management LP	Q3 2018	$8.4m	last listed Q1 2019
Caxton Associates LLP	Q1 2016	$7.9m	last listed Q1 2017
Soros Fund Management LLC	Q1 2016	$6.7m	last listed Q1 2018

What PAM 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 PAM →

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

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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.

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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.

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