Which funds own PCG
Pg&e Corp in the Q2 2026 filings. At least 14 of the 91 current managers on file reported a position, worth $6.6bn 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
- 14
- at least, of 91 current
- Combined value
- $6.6bn
- as reported
- Opened
- 0
- new this quarter
- Added to
- 8
- already held
- Trimmed or sold out
- 6
- 1 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 | $2.0bn | 0.1% | 119,559,243 | -$81m+484,144 | Added |
| MFS Investment Management Long-only · $315bn book | $1.7bn | 0.5% | 101,483,416 | -$219m-7,910,420 | Trimmed |
| AQR Capital Management LLC Quantitative · $287bn book | $1.5bn | 0.5% | 86,284,177 | -$50m+49,408 | Added |
| Two Sigma Investments LP Quantitative · $138bn book | $328m | 0.2% | 19,512,052 | +$204m+12,454,879 | Added |
| Arrowstreet Capital LP Quantitative · $225bn book | $237m | 0.1% | 14,085,938 | +$35m+2,589,430 | Added |
| Man Group PLC Quantitative · $62.7bn book | $189m | 0.3% | 11,207,670 | -$22m-760,216 | Trimmed |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $150m | 0.2% | 8,893,777 | +$29m+2,055,341 | Added |
| Greenlight Capital Activist · $3.9bn book | $112m | 2.9% | 6,632,852 | -$5.0m0 | Held |
| Bridgewater Associates LP Macro · $24.4bn book | $100m | 0.4% | 5,931,314 | +$99m+5,906,783 | Added |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $79m | 0.1% | 4,680,465 | +$300k+215,732 | Added |
| Rokos Capital Management LLP Macro · $26.8bn book | $76m | 0.3% | 4,531,771 | +$23m+1,491,167 | Added |
| Tudor Investment Corp Macro · $71.9bn book | $68m | 0.1% | 4,058,467 | -$10m-418,960 | Trimmed |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $57m | 0.2% | 3,395,259 | -$26m-1,309,335 | Trimmed |
| Quantbot Technologies LP Quantitative · $2.5bn book | $4.8m | 0.2% | 283,566 | -$1.1m-52,133 | Trimmed |
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$2.2m held before
Ownership through time
At least 25 of the 95 managers whose filings are on file listed PCG in Q2 2026, against 15 in Q2 2013. 4 managers fewer than in Q1 2026: 2 listed it again; 1 sold out, by its own filing; 5 no longer listed it among the positions read, which can mean a holding below the listed range 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: 15
- Q3 2013: 14
- Q4 2013: 16
- Q1 2014: 14
- Q2 2014: 13
- Q3 2014: 11
- Q4 2014: 18
- Q1 2015: 16
- Q2 2015: 13
- Q3 2015: 14
- Q4 2015: 16
- Q1 2016: 21
- Q2 2016: 21
- Q3 2016: 20
- Q4 2016: 20
- Q1 2017: 20
- Q2 2017: 20
- Q3 2017: 20
- Q4 2017: 22
- Q1 2018: 21
- Q2 2018: 24
- Q3 2018: 26
- Q4 2018: 19
- Q1 2019: 11
- Q2 2019: 12
- Q3 2019: 15
- Q4 2019: 9
- Q1 2020: 11
- Q2 2020: 23
- Q3 2020: 14
- Q4 2020: 17
- Q1 2021: 23
- Q2 2021: 15
- Q3 2021: 13
- Q4 2021: 12
- Q1 2022: 14
- Q2 2022: 16
- Q3 2022: 15
- Q4 2022: 22
- Q1 2023: 16
- Q2 2023: 18
- Q3 2023: 21
- Q4 2023: 21
- Q1 2024: 17
- Q2 2024: 20
- Q3 2024: 17
- Q4 2024: 20
- Q1 2025: 24
- Q2 2025: 27
- Q3 2025: 27
- Q4 2025: 25
- Q1 2026: 29
- Q2 2026: 25
- Q2 2013: $4.8bn
- Q3 2013: $4.1bn
- Q4 2013: $4.1bn
- Q1 2014: $4.7bn
- Q2 2014: $5.2bn
- Q3 2014: $4.6bn
- Q4 2014: $4.9bn
- Q1 2015: $3.9bn
- Q2 2015: $4.0bn
- Q3 2015: $4.4bn
- Q4 2015: $4.5bn
- Q1 2016: $5.2bn
- Q2 2016: $5.6bn
- Q3 2016: $5.9bn
- Q4 2016: $5.6bn
- Q1 2017: $6.0bn
- Q2 2017: $5.9bn
- Q3 2017: $6.1bn
- Q4 2017: $2.8bn
- Q1 2018: $3.5bn
- Q2 2018: $3.0bn
- Q3 2018: $4.0bn
- Q4 2018: $2.1bn
- Q1 2019: $1.7bn
- Q2 2019: $2.2bn
- Q3 2019: $922m
- Q4 2019: $679m
- Q1 2020: $535m
- Q2 2020: $2.7bn
- Q3 2020: $4.7bn
- Q4 2020: $6.1bn
- Q1 2021: $5.7bn
- Q2 2021: $5.0bn
- Q3 2021: $5.0bn
- Q4 2021: $6.6bn
- Q1 2022: $6.6bn
- Q2 2022: $6.1bn
- Q3 2022: $7.5bn
- Q4 2022: $9.6bn
- Q1 2023: $8.6bn
- Q2 2023: $8.8bn
- Q3 2023: $8.6bn
- Q4 2023: $9.6bn
- Q1 2024: $7.2bn
- Q2 2024: $7.7bn
- Q3 2024: $9.2bn
- Q4 2024: $10.9bn
- Q1 2025: $8.6bn
- Q2 2025: $7.1bn
- Q3 2025: $8.1bn
- Q4 2025: $8.3bn
- Q1 2026: $8.6bn
- Q2 2026: $7.7bn
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
No manager on file started a position.
Largest increases, by shares
- Two Sigma Investments LP7,057,173 to 19,512,052 shares+$209m
- Arrowstreet Capital LP11,496,508 to 14,085,938 shares+$44m
- Balyasny Asset Management LLC6,838,436 to 8,893,777 shares+$35m
- Rokos Capital Management LLP3,040,604 to 4,531,771 shares+$25m
- Squarepoint Ops LLC2,291,727 to 3,764,681 shares+$25m
Largest decreases, by shares
- MFS Investment Management109,393,836 to 101,483,416 shares-$133m
- Capital Research Global Investors17,353,304 to 11,985,839 shares-$90m
- Point72 Asset Management LP8,949,809 to 3,840,076 shares-$86m
- Millennium Management LLC14,886,138 to 11,179,185 shares-$62m
- T. Rowe Price Associates Inc31,390,095 to 29,905,852 shares-$25m
Left it
- Artisan Partners LPwas $2.2m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Fidelity (FMR LLC) | Q2 2013 | $3.8bn | $2.0bn | |
| MFS Investment Management | Q2 2013 | $2.3bn | $1.7bn | |
| AQR Capital Management LLC | Q2 2013 | $1.5bn | $1.5bn | |
| T. Rowe Price Associates Inc | Q2 2013 | $3.0bn | $503m | |
| Two Sigma Investments LP | Q2 2013 | $328m | $328m | |
| Arrowstreet Capital LP | Q4 2017 | $237m | $237m | |
| Capital Research Global Investors | Q2 2013 | $3.3bn | $202m | |
| Man Group PLC | Q1 2018 | $223m | $189m | |
| Millennium Management LLC | Q2 2013 | $429m | $188m | |
| Balyasny Asset Management LLC | Q4 2014 | $150m | $150m | |
| Greenlight Capital | Q3 2025 | $125m | $112m | |
| Bridgewater Associates LP | Q3 2013 | $100m | $100m | |
| Acadian Asset Management LLC | Q4 2014 | $79m | $79m | |
| Rokos Capital Management LLP | Q2 2021 | $103m | $76m | |
| Tudor Investment Corp | Q3 2013 | $79m | $68m | |
| Capital World Investors | Q2 2013 | $1.9bn | last listed Q2 2024 | |
| Third Point LLC | Q4 2017 | $1.1bn | last listed Q4 2025 | |
| Baupost Group LLC | Q1 2018 | $873m | last listed Q3 2021 | |
| Appaloosa LP | Q4 2017 | $758m | last listed Q2 2022 | |
| Wellington Management Group LLP | Q2 2013 | $673m | last listed Q1 2026 | |
| Invesco Ltd | Q2 2013 | $490m | last listed Q1 2025 | |
| D. E. Shaw & Co. | Q2 2013 | $418m | last listed Q2 2020 | |
| Steadfast Capital Management LP | Q1 2019 | $404m | last listed Q2 2021 | |
| Oaktree Capital Management LP | Q2 2018 | $364m | last listed Q1 2023 | |
| Jane Street Group LLC | Q4 2017 | $314m | last listed Q1 2026 |
What PCG 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 PCG →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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