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Which funds own SM

SM Energy Company in the Q2 2026 filings. At least 1 of the 91 current managers on file reported a position, worth $4.7m between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went the other way: 4 managers trimmed or sold out against 1 buying.

Managers holding: 1; at least, of 91 current
Combined value: $4.7m; as reported
Opened: 0; new this quarter
Added to: 1; already held
Trimmed or sold out: 4; 4 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
Quantbot Technologies LP Quantitative · $2.5bn book	$4.7m	0.2%	178,800	+$2.9m+121,089	Added

Sold out of this quarter

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

ExodusPoint Capital Management LP · Multi-strategy$8.0m held before
Arrowstreet Capital LP · Quantitative$7.7m held before
Caxton Associates LLP · Macro$6.5m held before
D. E. Shaw & Co. · Quantitative$5.5m held before

Ownership through time

At least 4 of the 95 managers whose filings are on file listed SM in Q2 2026, against 7 in Q2 2013. 1 manager fewer than in Q1 2026: 1 started a position; 1 listed it again; 1 sold out, by its own filing; 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

Bridgewater Associates LP$6.9m

Largest increases, by shares

Bridgewater Associates LPnew: 265,019 shares+$6.9m
Quantbot Technologies LP57,711 to 178,800 shares+$3.2m

Largest decreases, by shares

Millennium Management LLC5,032,906 to 4,493,473 shares-$14m

Left it

Caxton Associates LLPwas $6.5m

Manager	First listed	Largest	Q2 2026
Millennium Management LLC	Q2 2014	$198m	$117m
Tudor Investment Corp	Q1 2014	$28m	$28m
Bridgewater Associates LP	Q3 2014	$19m	$6.9m
Quantbot Technologies LP	Q2 2013	$4.7m	$4.7m
T. Rowe Price Associates Inc	Q2 2013	$731m	last listed Q3 2014
Fidelity (FMR LLC)	Q3 2016	$443m	last listed Q4 2016
Artisan Partners LP	Q2 2013	$310m	last listed Q4 2015
Capital Research Global Investors	Q4 2015	$280m	last listed Q2 2020
AllianceBernstein LP	Q2 2013	$279m	last listed Q2 2019
Citadel Advisors LLC	Q3 2018	$134m	last listed Q3 2018
Arrowstreet Capital LP	Q3 2019	$96m	last listed Q3 2024
Renaissance Technologies LLC	Q1 2022	$83m	last listed Q3 2024
Marshall Wace LLP	Q1 2014	$81m	last listed Q2 2023
Balyasny Asset Management LLC	Q2 2013	$77m	last listed Q4 2025

What SM 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 SM →

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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