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Which funds own PKG

Packaging Corp Amer in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $1.8bn 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: 4; at least, of 91 current
Combined value: $1.8bn; as reported
Opened: 1; new this quarter
Added to: 2; already held
Trimmed or sold out: 1; 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
T. Rowe Price Associates Inc Long-only · $999bn book	$1.4bn	0.1%	5,823,442	+$3.4m-699,281	Trimmed
Millennium Management LLC Multi-strategy · $276bn book	$403m	0.1%	1,692,740	+$167m+577,075	Added
Rokos Capital Management LLP Macro · $26.8bn book	$8.5m	0.0%	35,748	+$4.7m+17,762	Added
Davidson Kempner Capital Management LP Long/short equity · $8.4bn book	$8.3m	0.1%	35,000	opened35,000	New

Ownership through time

At least 7 of the 95 managers whose filings are on file listed PKG in Q2 2026, against 9 in Q2 2013. 2 managers fewer than in Q1 2026: 1 started a position; 1 listed it again; 4 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.

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

Davidson Kempner Capital Management LP$8.3m

Largest increases, by shares

Millennium Management LLC1,115,665 to 1,692,740 shares+$138m
Neuberger Berman Group LLC219,256 to 279,225 shares+$14m
Davidson Kempner Capital Management LPnew: 35,000 shares+$8.3m
Rokos Capital Management LLP17,986 to 35,748 shares+$4.2m
Balyasny Asset Management LLC270,287 to 272,208 shares+$458k

Largest decreases, by shares

T. Rowe Price Associates Inc6,522,723 to 5,823,442 shares-$167m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
T. Rowe Price Associates Inc	Q2 2013	$1.6bn	$1.4bn
Millennium Management LLC	Q2 2014	$403m	$403m
Neuberger Berman Group LLC	Q2 2013	$385m	$67m
Balyasny Asset Management LLC	Q1 2020	$203m	$65m
Rokos Capital Management LLP	Q1 2026	$8.5m	$8.5m
Davidson Kempner Capital Management LP	Q2 2026	$8.3m	$8.3m
Brevan Howard Capital Management LP	Q4 2023	$3.8m	$3.8m
Capital World Investors	Q2 2019	$859m	last listed Q4 2025
Wellington Management Group LLP	Q2 2013	$777m	last listed Q3 2020
Invesco Ltd	Q2 2022	$417m	last listed Q1 2025
Fidelity (FMR LLC)	Q2 2018	$341m	last listed Q3 2018
AQR Capital Management LLC	Q3 2013	$248m	last listed Q4 2025
First Eagle Investment Management LLC	Q2 2013	$245m	last listed Q2 2019
Janus Henderson Group Ltd	Q2 2017	$126m	last listed Q2 2018
D. E. Shaw & Co.	Q2 2013	$115m	last listed Q4 2015
Acadian Asset Management LLC	Q3 2013	$109m	last listed Q2 2024
MFS Investment Management	Q2 2013	$103m	last listed Q3 2014

What PKG 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 PKG →

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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