Which funds own PPL
PPL Corp in the Q2 2026 filings. At least 13 of the 91 current managers on file reported a position, worth $3.3bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 10 managers opened or added against 6 cutting.
- Managers holding
- 13
- at least, of 91 current
- Combined value
- $3.3bn
- as reported
- Opened
- 0
- new this quarter
- Added to
- 10
- already held
- Trimmed or sold out
- 6
- 3 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 |
|---|---|---|---|---|---|
| Invesco Ltd Long-only · $1264bn book | $1.0bn | 0.1% | 28,821,623 | -$57m-98,532 | Trimmed |
| Wellington Management Group LLP Long-only · $580bn book | $777m | 0.1% | 21,372,119 | -$159m-3,137,182 | Trimmed |
| Millennium Management LLC Multi-strategy · $276bn book | $376m | 0.1% | 10,337,308 | +$48m+1,751,130 | Added |
| Point72 Asset Management LP Multi-strategy · $90.7bn book | $304m | 0.3% | 8,354,771 | +$88m+2,695,447 | Added |
| AllianceBernstein LP Long-only · $302bn book | $211m | 0.1% | 5,533,224 | +$18m+22,768 | Added |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $187m | 0.2% | 5,138,433 | +$93m+2,680,385 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $133m | 0.1% | 3,668,704 | +$83m+2,357,085 | Added |
| Tudor Investment Corp Macro · $71.9bn book | $92m | 0.1% | 2,537,301 | +$88m+2,414,401 | Added |
| Bridgewater Associates LP Macro · $24.4bn book | $53m | 0.2% | 1,468,865 | +$37m+1,043,244 | Added |
| Verition Fund Management LLC Multi-strategy · $19.7bn book | $33m | 0.2% | 906,083 | +$5.2m+180,872 | Added |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $23m | 0.2% | 642,190 | -$78m-2,005,263 | Trimmed |
| Soros Fund Management LLC Macro · $8.1bn book | $22m | 0.3% | 607,306 | +$18m+490,106 | Added |
| Quantbot Technologies LP Quantitative · $2.5bn book | $12m | 0.5% | 341,037 | +$9.4m+261,566 | Added |
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$43m held before
- Artisan Partners LP · Long-only$200k held before
- GAMCO Investors Inc · Activist$200k held before
Ownership through time
At least 24 of the 95 managers whose filings are on file listed PPL in Q2 2026, against 9 in Q2 2013. 1 manager more than in Q1 2026: 1 started a position; 5 listed it again; 1 sold out, by its own filing; 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.
- Q2 2013: 9
- Q3 2013: 12
- Q4 2013: 9
- Q1 2014: 10
- Q2 2014: 11
- Q3 2014: 11
- Q4 2014: 10
- Q1 2015: 11
- Q2 2015: 9
- Q3 2015: 12
- Q4 2015: 10
- Q1 2016: 12
- Q2 2016: 16
- Q3 2016: 13
- Q4 2016: 14
- Q1 2017: 11
- Q2 2017: 13
- Q3 2017: 11
- Q4 2017: 18
- Q1 2018: 17
- Q2 2018: 18
- Q3 2018: 9
- Q4 2018: 14
- Q1 2019: 12
- Q2 2019: 10
- Q3 2019: 13
- Q4 2019: 14
- Q1 2020: 13
- Q2 2020: 7
- Q3 2020: 6
- Q4 2020: 10
- Q1 2021: 12
- Q2 2021: 13
- Q3 2021: 9
- Q4 2021: 7
- Q1 2022: 14
- Q2 2022: 12
- Q3 2022: 14
- Q4 2022: 17
- Q1 2023: 14
- Q2 2023: 13
- Q3 2023: 8
- Q4 2023: 12
- Q1 2024: 12
- Q2 2024: 12
- Q3 2024: 12
- Q4 2024: 12
- Q1 2025: 12
- Q2 2025: 10
- Q3 2025: 10
- Q4 2025: 10
- Q1 2026: 23
- Q2 2026: 24
- Q2 2013: $1.3bn
- Q3 2013: $1.7bn
- Q4 2013: $1.6bn
- Q1 2014: $2.0bn
- Q2 2014: $2.5bn
- Q3 2014: $2.1bn
- Q4 2014: $2.2bn
- Q1 2015: $1.6bn
- Q2 2015: $1.7bn
- Q3 2015: $2.1bn
- Q4 2015: $2.3bn
- Q1 2016: $2.5bn
- Q2 2016: $2.1bn
- Q3 2016: $2.1bn
- Q4 2016: $2.1bn
- Q1 2017: $2.4bn
- Q2 2017: $2.6bn
- Q3 2017: $2.5bn
- Q4 2017: $2.3bn
- Q1 2018: $2.2bn
- Q2 2018: $2.9bn
- Q3 2018: $2.7bn
- Q4 2018: $2.4bn
- Q1 2019: $2.5bn
- Q2 2019: $2.0bn
- Q3 2019: $2.2bn
- Q4 2019: $2.4bn
- Q1 2020: $1.4bn
- Q2 2020: $1.1bn
- Q3 2020: $1.2bn
- Q4 2020: $1.4bn
- Q1 2021: $1.4bn
- Q2 2021: $1.3bn
- Q3 2021: $1.2bn
- Q4 2021: $1.2bn
- Q1 2022: $1.1bn
- Q2 2022: $1.3bn
- Q3 2022: $1.5bn
- Q4 2022: $1.3bn
- Q1 2023: $1.4bn
- Q2 2023: $1.3bn
- Q3 2023: $864m
- Q4 2023: $2.1bn
- Q1 2024: $2.4bn
- Q2 2024: $2.5bn
- Q3 2024: $3.1bn
- Q4 2024: $2.8bn
- Q1 2025: $3.0bn
- Q2 2025: $2.8bn
- Q3 2025: $3.0bn
- Q4 2025: $2.9bn
- Q1 2026: $4.0bn
- Q2 2026: $5.1bn
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
- Holocene Advisors LP$7.0m
Largest increases, by shares
- Citadel Advisors LLC8,325,635 to 14,356,145 shares+$219m
- Point72 Asset Management LP5,659,324 to 8,354,771 shares+$98m
- Balyasny Asset Management LLC2,458,048 to 5,138,433 shares+$97m
- Squarepoint Ops LLC1,311,619 to 3,668,704 shares+$86m
- Millennium Management LLC8,586,178 to 10,337,308 shares+$64m
Largest decreases, by shares
- Wellington Management Group LLP24,509,301 to 21,372,119 shares-$114m
- MFS Investment Management5,010,821 to 2,894,825 shares-$77m
- ExodusPoint Capital Management LP2,647,453 to 642,190 shares-$73m
- Two Sigma Investments LP3,215,730 to 2,134,231 shares-$39m
- Hudson Bay Capital Management LP1,150,941 to 517,422 shares-$23m
Left it
- Artisan Partners LPwas $209k
What PPL 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 PPL →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
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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