Which funds own RPRX
Royalty Pharma PLC in the Q2 2026 filings. At least 5 of the 91 current managers on file reported a position, worth $976m 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
- 5
- at least, of 91 current
- Combined value
- $976m
- as reported
- Opened
- 1
- new this quarter
- Added to
- 3
- already held
- Trimmed or sold out
- 2
- 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 |
|---|---|---|---|---|---|
| Baillie Gifford & Co Long-only · $110bn book | $562m | 0.5% | 10,015,578 | -$213m-6,140,099 | Trimmed |
| Two Sigma Investments LP Quantitative · $138bn book | $164m | 0.1% | 2,920,163 | +$56m+668,638 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $137m | 0.1% | 2,450,669 | +$36m+329,977 | Added |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $109m | 0.1% | 1,935,800 | +$71m+1,144,863 | Added |
| Quantbot Technologies LP Quantitative · $2.5bn book | $4.5m | 0.2% | 80,193 | opened80,193 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Farallon Capital Management LLC · Long/short equity$24m held before
Ownership through time
At least 15 of the 95 managers whose filings are on file listed RPRX in Q2 2026, against 10 in Q2 2020. The same number as in Q1 2026: 3 started positions; 1 listed it again; 1 sold out, by its own filing; 3 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 2020: 10
- Q3 2020: 7
- Q4 2020: 5
- Q1 2021: 5
- Q2 2021: 8
- Q3 2021: 6
- Q4 2021: 8
- Q1 2022: 8
- Q2 2022: 10
- Q3 2022: 11
- Q4 2022: 17
- Q1 2023: 14
- Q2 2023: 16
- Q3 2023: 14
- Q4 2023: 13
- Q1 2024: 10
- Q2 2024: 12
- Q3 2024: 10
- Q4 2024: 10
- Q1 2025: 9
- Q2 2025: 9
- Q3 2025: 11
- Q4 2025: 10
- Q1 2026: 15
- Q2 2026: 15
- Q2 2020: $1.8bn
- Q3 2020: $1.6bn
- Q4 2020: $1.9bn
- Q1 2021: $1.5bn
- Q2 2021: $1.5bn
- Q3 2021: $1.4bn
- Q4 2021: $1.8bn
- Q1 2022: $1.8bn
- Q2 2022: $3.2bn
- Q3 2022: $3.4bn
- Q4 2022: $3.4bn
- Q1 2023: $2.9bn
- Q2 2023: $2.3bn
- Q3 2023: $1.9bn
- Q4 2023: $2.1bn
- Q1 2024: $2.2bn
- Q2 2024: $1.7bn
- Q3 2024: $2.0bn
- Q4 2024: $1.6bn
- Q1 2025: $2.3bn
- Q2 2025: $2.4bn
- Q3 2025: $1.9bn
- Q4 2025: $2.4bn
- Q1 2026: $3.1bn
- Q2 2026: $3.9bn
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
Largest increases, by shares
- Capital World Investors8,036,714 to 9,517,337 shares+$83m
- Renaissance Technologies LLC790,937 to 1,935,800 shares+$64m
- Two Sigma Investments LP2,251,525 to 2,920,163 shares+$37m
- AQR Capital Management LLC3,782,038 to 4,305,412 shares+$29m
- Arrowstreet Capital LP2,010,398 to 2,435,341 shares+$24m
Largest decreases, by shares
- Baillie Gifford & Co16,155,677 to 10,015,578 shares-$344m
- Fidelity (FMR LLC)25,152,242 to 24,513,814 shares-$36m
- Tudor Investment Corp671,680 to 610,736 shares-$3.4m
Left it
- Farallon Capital Management LLCwas $24m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Fidelity (FMR LLC) | Q2 2020 | $1.7bn | $1.4bn | |
| T. Rowe Price Associates Inc | Q2 2020 | $628m | $628m | |
| Baillie Gifford & Co | Q1 2022 | $775m | $562m | |
| Capital World Investors | Q1 2026 | $534m | $534m | |
| AQR Capital Management LLC | Q4 2024 | $241m | $241m | |
| Two Sigma Investments LP | Q2 2022 | $164m | $164m | |
| Marshall Wace LLP | Q3 2021 | $137m | $137m | |
| Arrowstreet Capital LP | Q1 2022 | $137m | $137m | |
| Renaissance Technologies LLC | Q2 2021 | $109m | $109m | |
| Tudor Investment Corp | Q3 2023 | $36m | $34m | |
| Bridgewater Associates LP | Q4 2020 | $12m | $12m | |
| Brevan Howard Capital Management LP | Q1 2026 | $4.6m | $4.6m | |
| Quantbot Technologies LP | Q3 2025 | $4.5m | $4.5m | |
| PDT Partners LLC | Q1 2023 | $3.4m | $2.0m | |
| Winton Group Ltd | Q2 2021 | $3.4m | $1.3m | |
| Viking Global Investors LP | Q2 2020 | $520m | last listed Q2 2025 | |
| Berkshire Hathaway Inc | Q3 2021 | $475m | last listed Q1 2022 | |
| Wellington Management Group LLP | Q2 2020 | $294m | last listed Q4 2022 | |
| Janus Henderson Group Ltd | Q2 2020 | $245m | last listed Q3 2024 | |
| Citadel Advisors LLC | Q4 2025 | $204m | last listed Q4 2025 | |
| Jane Street Group LLC | Q4 2025 | $191m | last listed Q4 2025 | |
| Millennium Management LLC | Q2 2020 | $142m | last listed Q3 2024 | |
| Two Sigma Advisers LP | Q4 2021 | $94m | last listed Q4 2025 | |
| Point72 Asset Management LP | Q4 2021 | $74m | last listed Q4 2023 | |
| Man Group PLC | Q2 2022 | $72m | last listed Q4 2024 |
What RPRX 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 RPRX →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
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