Which funds own STRL
Sterling Infrastructure Inc in the Q2 2026 filings. At least 8 of the 91 current managers on file reported a position, worth $1.9bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 6 managers opened or added against 3 cutting.
- Managers holding
- 8
- at least, of 91 current
- Combined value
- $1.9bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 4
- already held
- Trimmed or sold out
- 3
- 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 |
|---|---|---|---|---|---|
| Renaissance Technologies LLC Quantitative · $72.6bn book | $564m | 0.8% | 672,194 | +$252m-94,720 | Trimmed |
| Lone Pine Capital LLC Long/short equity · $16.4bn book | $512m | 3.1% | 609,643 | opened609,643 | New |
| Janus Henderson Group Ltd Long-only · $245bn book | $395m | 0.2% | 470,643 | +$143m-148,502 | Trimmed |
| Millennium Management LLC Multi-strategy · $276bn book | $248m | 0.1% | 294,821 | +$237m+269,180 | Added |
| Two Sigma Investments LP Quantitative · $138bn book | $159m | 0.1% | 189,003 | +$153m+176,225 | Added |
| Brevan Howard Capital Management LP Macro · $13.5bn book | $26m | 0.2% | 31,476 | +$26m+30,524 | Added |
| Moore Capital Management LP Macro · $6.7bn book | $6.6m | 0.1% | 7,815 | opened7,815 | New |
| Caxton Associates LLP Macro · $5.3bn book | $3.0m | 0.1% | 3,610 | +$2.0m+1,010 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Polen Capital Management LLC · Long-only$1.0m held before
Ownership through time
At least 23 of the 95 managers whose filings are on file listed STRL in Q2 2026, against 1 in Q3 2016. 12 managers more than in Q1 2026: 8 started positions; 7 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 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.
- Q3 2016: 1
- Q4 2016: 1
- Q1 2017: 1
- Q2 2017: 1
- Q3 2017: 1
- Q4 2017: 1
- Q1 2018: 1
- Q1 2021: 1
- Q1 2023: 1
- Q2 2023: 2
- Q3 2023: 6
- Q4 2023: 5
- Q1 2024: 4
- Q2 2024: 4
- Q3 2024: 6
- Q4 2024: 3
- Q1 2025: 5
- Q2 2025: 5
- Q3 2025: 8
- Q4 2025: 8
- Q1 2026: 11
- Q2 2026: 23
- Q3 2016: $2.6m
- Q4 2016: $7.8m
- Q1 2017: $7.2m
- Q2 2017: $11m
- Q3 2017: $8.7m
- Q4 2017: $4.2m
- Q1 2018: $113k
- Q1 2021: $35m
- Q1 2023: $32m
- Q2 2023: $62m
- Q3 2023: $152m
- Q4 2023: $183m
- Q1 2024: $203m
- Q2 2024: $172m
- Q3 2024: $223m
- Q4 2024: $270m
- Q1 2025: $242m
- Q2 2025: $447m
- Q3 2025: $1.8bn
- Q4 2025: $597m
- Q1 2026: $1.9bn
- Q2 2026: $5.0bn
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
- Lone Pine Capital LLCnew: 609,643 shares+$512m
- D. E. Shaw & Co.new: 156,175 shares+$131m
- Balyasny Asset Management LLCnew: 74,351 shares+$62m
- Point72 Asset Management LPnew: 69,781 shares+$59m
- Tudor Investment Corpnew: 42,882 shares+$36m
Largest decreases, by shares
- Invesco Ltd1,188,912 to 779,679 shares-$343m
- Fidelity (FMR LLC)1,474,561 to 1,175,991 shares-$251m
- Janus Henderson Group Ltd619,145 to 470,643 shares-$125m
- Capital Research Global Investors338,013 to 194,346 shares-$121m
- Renaissance Technologies LLC766,914 to 672,194 shares-$80m
Left it
- Polen Capital Management LLCwas $1.0m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Fidelity (FMR LLC) | Q3 2025 | $987m | $987m | |
| Invesco Ltd | Q3 2025 | $654m | $654m | |
| Jane Street Group LLC | Q2 2026 | $639m | $639m | |
| Renaissance Technologies LLC | Q1 2021 | $564m | $564m | |
| Lone Pine Capital LLC | Q2 2026 | $512m | $512m | |
| Janus Henderson Group Ltd | Q2 2025 | $395m | $395m | |
| Millennium Management LLC | Q2 2026 | $247m | $247m | |
| Capital Research Global Investors | Q3 2024 | $163m | $163m | |
| Two Sigma Investments LP | Q3 2023 | $159m | $159m | |
| Arrowstreet Capital LP | Q3 2023 | $151m | $151m | |
| D. E. Shaw & Co. | Q2 2026 | $131m | $131m | |
| Capital World Investors | Q1 2026 | $81m | $81m | |
| Squarepoint Ops LLC | Q2 2026 | $73m | $73m | |
| Balyasny Asset Management LLC | Q2 2026 | $62m | $62m | |
| Point72 Asset Management LP | Q4 2023 | $59m | $59m | |
| T. Rowe Price Associates Inc | Q3 2025 | $238m | last listed Q3 2025 | |
| Two Sigma Advisers LP | Q2 2023 | $38m | last listed Q2 2025 | |
| Acadian Asset Management LLC | Q3 2016 | $11m | last listed Q4 2017 | |
| ExodusPoint Capital Management LP | Q2 2024 | $9.2m | last listed Q4 2025 | |
| Quantbot Technologies LP | Q3 2023 | $6.2m | last listed Q1 2026 | |
| Holocene Advisors LP | Q1 2026 | $4.6m | last listed Q1 2026 | |
| PDT Partners LLC | Q3 2024 | $1.9m | last listed Q3 2024 | |
| Polen Capital Management LLC | Q2 2025 | $1.1m | last listed Q1 2026 |
What STRL 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 STRL →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
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The holdings, every quarter, and the week between
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