Free · no sign-up · Q2 2026

Which funds own TRN

Trinity Inds Inc in the Q2 2026 filings. At least 3 of the 91 current managers on file reported a position, worth $62m 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: 3; at least, of 91 current
Combined value: $62m; as reported
Opened: 0; new this quarter
Added to: 2; already held
Trimmed or sold out: 1; 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
GAMCO Investors Inc Activist · $11.1bn book	$34m	0.3%	970,940	+$1.9m-12,400	Trimmed
First Eagle Investment Management LLC Value · $60.8bn book	$16m	0.0%	463,319	+$2.6m+47,700	Added
PDT Partners LLC Quantitative · $1.9bn book	$12m	0.7%	359,270	+$5.1m+133,062	Added

Ownership through time

At least 5 of the 95 managers whose filings are on file listed TRN in Q2 2026, against 3 in Q2 2013. 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.

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

No manager on file started a position.

Largest increases, by shares

PDT Partners LLC226,208 to 359,270 shares+$4.6m
First Eagle Investment Management LLC415,619 to 463,319 shares+$1.6m

Largest decreases, by shares

Voloridge Investment Management LLC355,052 to 193,291 shares-$5.6m
GAMCO Investors Inc983,340 to 970,940 shares-$429k

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
GAMCO Investors Inc	Q2 2013	$41m	$34m
First Eagle Investment Management LLC	Q2 2016	$16m	$16m
PDT Partners LLC	Q2 2013	$12m	$12m
Voloridge Investment Management LLC	Q1 2014	$11m	$6.7m
Caxton Associates LLP	Q1 2017	$1.4m	$741k
ValueAct Holdings LP	Q2 2016	$784m	last listed Q2 2022
Janus Henderson Group Ltd	Q2 2017	$169m	last listed Q4 2019
Citadel Advisors LLC	Q4 2015	$122m	last listed Q1 2018
Harris Associates LP	Q2 2017	$74m	last listed Q1 2025
Renaissance Technologies LLC	Q1 2014	$72m	last listed Q3 2014
AQR Capital Management LLC	Q2 2014	$66m	last listed Q4 2017
Millennium Management LLC	Q1 2014	$66m	last listed Q3 2018
D. E. Shaw & Co.	Q2 2015	$54m	last listed Q3 2018
Point72 Asset Management LP	Q2 2014	$49m	last listed Q4 2018
Two Sigma Investments LP	Q1 2014	$41m	last listed Q3 2018

What TRN 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 TRN →

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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