Which funds own PTGX
Protagonist Therapeutics Inc in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $1.2bn 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
- $1.2bn
- 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 |
|---|---|---|---|---|---|
| Farallon Capital Management LLC Long/short equity · $21.7bn book | $778m | 3.6% | 6,348,906 | +$109m0 | Held |
| Janus Henderson Group Ltd Long-only · $245bn book | $261m | 0.1% | 2,129,780 | -$44m-761,747 | Trimmed |
| Woodline Partners LP Long/short equity · $32.4bn book | $173m | 0.5% | 1,414,173 | +$24m0 | Held |
| Polen Capital Management LLC Long-only · $11.6bn book | $2.8m | 0.0% | 22,651 | +$200k-1,686 | Trimmed |
Ownership through time
At least 7 of the 95 managers whose filings are on file listed PTGX in Q2 2026, against 1 in Q1 2017. 2 managers fewer than in Q1 2026: 2 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.
- Q1 2017: 1
- Q2 2017: 1
- Q3 2017: 1
- Q4 2017: 2
- Q1 2018: 1
- Q2 2018: 2
- Q3 2018: 1
- Q4 2018: 2
- Q1 2019: 2
- Q2 2019: 3
- Q3 2019: 2
- Q4 2019: 1
- Q1 2020: 1
- Q2 2020: 2
- Q3 2020: 1
- Q4 2020: 2
- Q1 2021: 2
- Q2 2021: 2
- Q3 2021: 4
- Q4 2021: 4
- Q1 2022: 3
- Q2 2022: 5
- Q3 2022: 3
- Q4 2022: 5
- Q1 2023: 4
- Q2 2023: 5
- Q3 2023: 2
- Q4 2023: 2
- Q1 2024: 5
- Q2 2024: 3
- Q3 2024: 3
- Q4 2024: 4
- Q1 2025: 4
- Q2 2025: 5
- Q3 2025: 8
- Q4 2025: 10
- Q1 2026: 9
- Q2 2026: 7
- Q1 2017: $231k
- Q2 2017: $197k
- Q3 2017: $458k
- Q4 2017: $19m
- Q1 2018: $8.7m
- Q2 2018: $6.5m
- Q3 2018: $23m
- Q4 2018: $15m
- Q1 2019: $23m
- Q2 2019: $20m
- Q3 2019: $18m
- Q4 2019: $11m
- Q1 2020: $11m
- Q2 2020: $48m
- Q3 2020: $54m
- Q4 2020: $60m
- Q1 2021: $87m
- Q2 2021: $156m
- Q3 2021: $130m
- Q4 2021: $169m
- Q1 2022: $110m
- Q2 2022: $67m
- Q3 2022: $53m
- Q4 2022: $52m
- Q1 2023: $116m
- Q2 2023: $171m
- Q3 2023: $109m
- Q4 2023: $191m
- Q1 2024: $248m
- Q2 2024: $262m
- Q3 2024: $286m
- Q4 2024: $253m
- Q1 2025: $354m
- Q2 2025: $425m
- Q3 2025: $790m
- Q4 2025: $1.3bn
- Q1 2026: $1.8bn
- Q2 2026: $1.9bn
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
- T. Rowe Price Associates Inc1,665,497 to 2,149,662 shares+$59m
Largest decreases, by shares
- Janus Henderson Group Ltd2,891,527 to 2,129,780 shares-$93m
- Wellington Management Group LLP3,599,644 to 3,416,781 shares-$22m
- Winton Group Ltd12,673 to 10,884 shares-$219k
- Polen Capital Management LLC24,337 to 22,651 shares-$207k
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Farallon Capital Management LLC | Q4 2017 | $778m | $778m | |
| Wellington Management Group LLP | Q3 2025 | $419m | $419m | |
| T. Rowe Price Associates Inc | Q1 2026 | $264m | $264m | |
| Janus Henderson Group Ltd | Q3 2025 | $305m | $261m | |
| Woodline Partners LP | Q4 2021 | $173m | $173m | |
| Polen Capital Management LLC | Q2 2025 | $2.8m | $2.8m | |
| Winton Group Ltd | Q3 2024 | $1.3m | $1.3m | |
| Marshall Wace LLP | Q1 2023 | $90m | last listed Q1 2026 | |
| Point72 Asset Management LP | Q4 2020 | $83m | last listed Q2 2024 | |
| Holocene Advisors LP | Q2 2023 | $29m | last listed Q1 2026 | |
| Schonfeld Strategic Advisors LLC | Q2 2019 | $14m | last listed Q1 2025 | |
| Two Sigma Advisers LP | Q2 2023 | $11m | last listed Q2 2023 | |
| Voloridge Investment Management LLC | Q3 2021 | $11m | last listed Q1 2023 | |
| Hudson Bay Capital Management LP | Q4 2025 | $9.6m | last listed Q4 2025 | |
| Soros Fund Management LLC | Q4 2025 | $8.7m | last listed Q4 2025 | |
| ExodusPoint Capital Management LP | Q4 2018 | $8.3m | last listed Q3 2025 | |
| Walleye Capital LLC | Q4 2021 | $5.7m | last listed Q4 2022 |
What PTGX 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 PTGX →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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