Which funds own SW
Smurfit Westrock PLC in the Q2 2026 filings. At least 7 of the 91 current managers on file reported a position, worth $2.8bn 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
- 7
- at least, of 91 current
- Combined value
- $2.8bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 3
- 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 |
|---|---|---|---|---|---|
| Capital Research Global Investors Long-only · $717bn book | $2.0bn | 0.3% | 42,634,328 | +$419m+3,662,577 | Added |
| Capital World Investors Long-only · $846bn book | $716m | 0.1% | 15,472,417 | +$219m+3,000,000 | Added |
| Soros Fund Management LLC Macro · $8.1bn book | $70m | 0.9% | 1,512,798 | -$30m-1,007,438 | Trimmed |
| Bridgewater Associates LP Macro · $24.4bn book | $22m | 0.1% | 471,953 | opened471,953 | New |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $16m | 0.1% | 336,857 | -$11m-339,433 | Trimmed |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $8.1m | 0.1% | 175,000 | opened175,000 | New |
| Rokos Capital Management LLP Macro · $26.8bn book | $6.2m | 0.0% | 134,649 | +$2.2m+34,649 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Schonfeld Strategic Advisors LLC · Multi-strategy$11m held before
Ownership through time
At least 11 of the 95 managers whose filings are on file listed SW in Q2 2026, against 12 in Q3 2024. The same number as in Q1 2026: 2 started positions; 1 listed it again; 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.
- Q3 2024: 12
- Q4 2024: 12
- Q1 2025: 12
- Q2 2025: 12
- Q3 2025: 12
- Q4 2025: 10
- Q1 2026: 11
- Q2 2026: 11
- Q3 2024: $2.4bn
- Q4 2024: $2.9bn
- Q1 2025: $2.7bn
- Q2 2025: $3.0bn
- Q3 2025: $3.3bn
- Q4 2025: $2.4bn
- Q1 2026: $3.0bn
- Q2 2026: $3.6bn
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 Research Global Investors38,971,751 to 42,634,328 shares+$169m
- Capital World Investors12,472,417 to 15,472,417 shares+$139m
- Invesco Ltd10,645,905 to 11,433,276 shares+$36m
- Man Group PLC724,841 to 1,295,906 shares+$26m
- Bridgewater Associates LPnew: 471,953 shares+$22m
Largest decreases, by shares
- Soros Fund Management LLC2,520,236 to 1,512,798 shares-$47m
- MFS Investment Management2,387,334 to 2,049,143 shares-$16m
- ExodusPoint Capital Management LP676,290 to 336,857 shares-$16m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital Research Global Investors | Q3 2024 | $2.0bn | $2.0bn | |
| Capital World Investors | Q1 2026 | $716m | $716m | |
| Invesco Ltd | Q3 2024 | $530m | $529m | |
| MFS Investment Management | Q3 2025 | $99m | $96m | |
| Janus Henderson Group Ltd | Q3 2024 | $124m | $91m | |
| Soros Fund Management LLC | Q3 2024 | $380m | $70m | |
| Man Group PLC | Q2 2025 | $60m | $60m | |
| Bridgewater Associates LP | Q3 2024 | $22m | $22m | |
| ExodusPoint Capital Management LP | Q1 2025 | $27m | $16m | |
| Davidson Kempner Capital Management LP | Q2 2026 | $8.1m | $8.1m | |
| Rokos Capital Management LLP | Q1 2026 | $6.2m | $6.2m | |
| Fidelity (FMR LLC) | Q4 2024 | $528m | last listed Q3 2025 | |
| AllianceBernstein LP | Q3 2024 | $264m | last listed Q1 2026 | |
| AQR Capital Management LLC | Q4 2025 | $221m | last listed Q1 2026 | |
| Marshall Wace LLP | Q3 2024 | $208m | last listed Q4 2025 | |
| Harris Associates LP | Q3 2024 | $137m | last listed Q4 2024 | |
| Millennium Management LLC | Q3 2024 | $124m | last listed Q3 2025 | |
| Neuberger Berman Group LLC | Q3 2024 | $40m | last listed Q3 2024 | |
| Point72 Asset Management LP | Q1 2025 | $40m | last listed Q2 2025 | |
| Moore Capital Management LP | Q3 2024 | $31m | last listed Q4 2025 | |
| Schonfeld Strategic Advisors LLC | Q4 2024 | $27m | last listed Q1 2026 |
What SW 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 SW →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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