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Which funds own PPG

PPG Inds Inc in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $2.0bn 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: $2.0bn; as reported
Opened: 1; new this quarter
Added to: 1; already held
Trimmed or sold out: 3; 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
Wellington Management Group LLP Long-only · $580bn book	$1.0bn	0.2%	8,612,746	-$64m-1,760,099	Trimmed
First Eagle Investment Management LLC Value · $60.8bn book	$790m	1.3%	6,509,824	+$102m+74,748	Added
Marshall Wace LLP Quantitative · $127bn book	$121m	0.1%	1,000,270	-$12m-244,522	Trimmed
ExodusPoint Capital Management LP Multi-strategy · $15.5bn book	$16m	0.1%	130,284	opened130,284	New

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Freestone Grove Partners LP · Multi-strategy$25m held before

Ownership through time

At least 9 of the 95 managers whose filings are on file listed PPG in Q2 2026, against 17 in Q2 2013. The same number as in Q1 2026: 1 started a position; 1 listed it again; 2 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 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

ExodusPoint Capital Management LP$16m

Largest increases, by shares

ExodusPoint Capital Management LPnew: 130,284 shares+$16m
First Eagle Investment Management LLC6,435,076 to 6,509,824 shares+$9.1m
Holocene Advisors LP45,486 to 108,195 shares+$7.6m

Largest decreases, by shares

Wellington Management Group LLP10,372,845 to 8,612,746 shares-$213m
Invesco Ltd3,835,902 to 3,584,819 shares-$30m
Marshall Wace LLP1,244,792 to 1,000,270 shares-$30m
MFS Investment Management1,154,649 to 1,095,141 shares-$7.3m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Wellington Management Group LLP	Q1 2016	$1.9bn	$1.0bn
First Eagle Investment Management LLC	Q4 2014	$790m	$790m
Invesco Ltd	Q2 2013	$622m	$435m
MFS Investment Management	Q2 2013	$3.0bn	$135m
Marshall Wace LLP	Q2 2013	$133m	$121m
ExodusPoint Capital Management LP	Q1 2020	$81m	$16m
Holocene Advisors LP	Q4 2021	$192m	$13m
Woodline Partners LP	Q2 2025	$22m	$11m
Dodge & Cox	Q2 2013	$2.1m	$267k
Fidelity (FMR LLC)	Q2 2013	$1.8bn	last listed Q2 2021
T. Rowe Price Associates Inc	Q4 2014	$1.1bn	last listed Q4 2025
Trian Fund Management LP	Q2 2018	$717m	last listed Q2 2019
Viking Global Investors LP	Q2 2023	$525m	last listed Q1 2024
Capital Research Global Investors	Q2 2017	$440m	last listed Q3 2023
Citadel Advisors LLC	Q4 2015	$313m	last listed Q4 2023
Capital World Investors	Q4 2017	$311m	last listed Q1 2019
Millennium Management LLC	Q2 2013	$293m	last listed Q2 2025
AQR Capital Management LLC	Q2 2013	$184m	last listed Q3 2025
Two Sigma Advisers LP	Q2 2013	$137m	last listed Q4 2025

What PPG 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 PPG →

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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