Which funds own SPB
Spectrum Brands Holdings Inc in the Q2 2026 filings. At least 5 of the 91 current managers on file reported a position, worth $129m 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
- 5
- at least, of 91 current
- Combined value
- $129m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 1
- already held
- Trimmed or sold out
- 4
- 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 |
|---|---|---|---|---|---|
| Greenlight Capital Activist · $3.9bn book | $48m | 1.2% | 561,438 | +$200k-88,921 | Trimmed |
| GAMCO Investors Inc Activist · $11.1bn book | $29m | 0.3% | 335,878 | +$3.0m-14,513 | Trimmed |
| First Eagle Investment Management LLC Activist · $60.8bn book | $25m | 0.0% | 289,122 | +$7.7m+56,850 | Added |
| Oaktree Capital Management LP Activist · $7.2bn book | $25m | 0.3% | 23,452,000 | -$1.6m-2,674,000 | Trimmed |
| Maverick Capital Ltd Long/short equity · $11.3bn book | $2.8m | 0.0% | 32,795 | -$2.2m-35,031 | Trimmed |
Ownership through time
At least 4 of the 95 managers whose filings are on file listed SPB in Q2 2026, against 1 in Q2 2018. The same number as in Q1 2026.
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 2018: 1
- Q3 2018: 4
- Q4 2018: 2
- Q1 2019: 5
- Q2 2019: 3
- Q3 2019: 4
- Q4 2019: 8
- Q1 2020: 3
- Q2 2020: 5
- Q3 2020: 8
- Q4 2020: 7
- Q1 2021: 7
- Q2 2021: 7
- Q3 2021: 6
- Q4 2021: 6
- Q1 2022: 6
- Q2 2022: 6
- Q3 2022: 3
- Q4 2022: 4
- Q1 2023: 3
- Q2 2023: 8
- Q3 2023: 7
- Q4 2023: 6
- Q1 2024: 5
- Q2 2024: 3
- Q3 2024: 7
- Q4 2024: 10
- Q1 2025: 8
- Q2 2025: 5
- Q3 2025: 5
- Q4 2025: 5
- Q1 2026: 4
- Q2 2026: 4
- Q2 2018: $1.5m
- Q3 2018: $606m
- Q4 2018: $292m
- Q1 2019: $456m
- Q2 2019: $402m
- Q3 2019: $408m
- Q4 2019: $535m
- Q1 2020: $271m
- Q2 2020: $332m
- Q3 2020: $449m
- Q4 2020: $567m
- Q1 2021: $600m
- Q2 2021: $150m
- Q3 2021: $545m
- Q4 2021: $688m
- Q1 2022: $666m
- Q2 2022: $617m
- Q3 2022: $7.1m
- Q4 2022: $89m
- Q1 2023: $109m
- Q2 2023: $162m
- Q3 2023: $92m
- Q4 2023: $73m
- Q1 2024: $41m
- Q2 2024: $35m
- Q3 2024: $117m
- Q4 2024: $108m
- Q1 2025: $104m
- Q2 2025: $59m
- Q3 2025: $69m
- Q4 2025: $93m
- Q1 2026: $96m
- Q2 2026: $105m
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
- First Eagle Investment Management LLC232,272 to 289,122 shares+$4.9m
Largest decreases, by shares
- Greenlight Capital650,359 to 561,438 shares-$7.6m
- Maverick Capital Ltd67,826 to 32,795 shares-$3.0m
- GAMCO Investors Inc350,391 to 335,878 shares-$1.2m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Greenlight Capital | Q4 2025 | $48m | $48m | |
| GAMCO Investors Inc | Q1 2019 | $29m | $29m | |
| First Eagle Investment Management LLC | Q4 2023 | $25m | $25m | |
| Maverick Capital Ltd | Q3 2020 | $6.5m | $2.8m | |
| Fidelity (FMR LLC) | Q3 2018 | $599m | last listed Q2 2022 | |
| Wellington Management Group LLP | Q4 2021 | $170m | last listed Q2 2022 | |
| Sachem Head Capital Management LP | Q4 2022 | $100m | last listed Q2 2023 | |
| Millennium Management LLC | Q4 2019 | $64m | last listed Q1 2021 | |
| Arrowstreet Capital LP | Q4 2020 | $45m | last listed Q4 2023 | |
| AQR Capital Management LLC | Q1 2020 | $45m | last listed Q1 2025 | |
| Balyasny Asset Management LLC | Q4 2019 | $41m | last listed Q3 2024 | |
| Acadian Asset Management LLC | Q4 2020 | $39m | last listed Q1 2025 | |
| Point72 Asset Management LP | Q2 2023 | $37m | last listed Q2 2023 | |
| Man Group PLC | Q3 2020 | $27m | last listed Q4 2024 |
What SPB 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 SPB →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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