Free · no sign-up · Q3 2026

Which funds own PEP

Pepsico Inc in the Q3 2026 filings. At least 3 of the 4 current managers on file reported a position, worth $184m between them. At least half the current managers on file hold it, so owning it is the consensus rather than a call. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 3; at least, of 4 current
Combined value: $184m; as reported
Opened: 0; new this quarter
Added to: 0; already held
Trimmed or sold out: 2; 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
Squarepoint Ops LLC Multi-strategy · $90.8bn book	$98m	0.1%	775,461	-$170m-1,204,724	Trimmed
Baillie Gifford & Co Long-only · $106bn book	$73m	0.1%	578,583	-$8.4m-25,199	Trimmed
Markel Group Inc Activist · $12.8bn book	$12m	0.1%	96,210	-$800k0	Held

Ownership through time

At least 3 of the 95 managers whose filings are on file listed PEP in Q3 2026, against 24 in Q2 2013. 27 managers fewer than in Q2 2026: 27 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.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q2 2026 and Q3 2026. Each change in shares is valued at the Q3 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 Q3 2026

No manager on file started a position.

Largest increases, by shares

No manager on file bought more.

Largest decreases, by shares

Squarepoint Ops LLC1,980,185 to 775,461 shares-$153m
Baillie Gifford & Co603,782 to 578,583 shares-$3.2m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q3 2026
Squarepoint Ops LLC	Q1 2015	$268m	$98m
Baillie Gifford & Co	Q2 2013	$385m	$73m
Markel Group Inc	Q2 2013	$20m	$12m
Invesco Ltd	Q2 2013	$6.3bn	last listed Q2 2026
Capital World Investors	Q2 2013	$5.2bn	last listed Q2 2026
Wellington Management Group LLP	Q2 2013	$3.7bn	last listed Q2 2026
T. Rowe Price Associates Inc	Q2 2013	$3.3bn	last listed Q2 2026
Capital Research Global Investors	Q2 2013	$3.2bn	last listed Q2 2026
Fidelity (FMR LLC)	Q2 2013	$2.2bn	last listed Q2 2026
Trian Fund Management LP	Q2 2013	$1.8bn	last listed Q4 2015
MFS Investment Management	Q2 2013	$1.8bn	last listed Q2 2026
Renaissance Technologies LLC	Q2 2013	$991m	last listed Q3 2025
Arrowstreet Capital LP	Q1 2017	$988m	last listed Q2 2026

PEP quarter by quarter in the 13F Explorer: share of each book, share changes and the filings →

Last reported earlier

These managers’ latest filings are from an earlier quarter, so they are not counted above.

Invesco Ltd · Q2 2026$5.8bn · 0.5%
Acadian Asset Management LLC · Q2 2026$913m · 1.1%
MFS Investment Management · Q2 2026$887m · 0.3%
AQR Capital Management LLC · Q2 2026$729m · 0.3%
Capital Research Global Investors · Q2 2026$673m · 0.1%
Arrowstreet Capital LP · Q2 2026$482m · 0.2%
AllianceBernstein LP · Q2 2026$353m · 0.1%
Man Group PLC · Q2 2026$329m · 0.5%
Voloridge Investment Management LLC · Q2 2026$292m · 1.2%
Marshall Wace LLP · Q2 2026$185m · 0.1%
Elliott Investment Management LP · Q2 2026$173m · 0.8%
Quantbot Technologies LP · Q2 2026$4.6m · 0.2%
Harris Associates LP · Q2 2026$300k · 0.0%

What PEP 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 PEP →

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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The holdings, every quarter, and the week between

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