Which funds own ULS
Ul Solutions Inc in the Q2 2026 filings. At least 5 of the 91 current managers on file reported a position, worth $1.2bn 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: 6 managers trimmed or sold out against 2 buying.
- Managers holding
- 5
- at least, of 91 current
- Combined value
- $1.2bn
- as reported
- Opened
- 0
- new this quarter
- Added to
- 2
- already held
- Trimmed or sold out
- 6
- 3 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 | $343m | 0.0% | 3,367,530 | +$30m-286,408 | Trimmed |
| Janus Henderson Group Ltd Long-only · $245bn book | $310m | 0.1% | 3,042,429 | +$54m+54,738 | Added |
| Durable Capital Partners LP Long/short equity · $10.3bn book | $299m | 2.9% | 2,937,488 | +$17m-354,028 | Trimmed |
| Neuberger Berman Group LLC Long-only · $150bn book | $185m | 0.1% | 1,819,860 | +$75m+529,443 | Added |
| Soros Fund Management LLC Macro · $8.1bn book | $34m | 0.4% | 333,960 | +$200k-61,040 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Millennium Management LLC · Multi-strategy$22m held before
- Marshall Wace LLP · Quantitative$18m held before
- Squarepoint Ops LLC · Multi-strategy$6.5m held before
Ownership through time
At least 7 of the 95 managers whose filings are on file listed ULS in Q2 2026, against 12 in Q2 2024. 1 manager more than in Q1 2026: 1 listed it again.
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 2024: 12
- Q3 2024: 11
- Q4 2024: 9
- Q1 2025: 7
- Q2 2025: 6
- Q3 2025: 3
- Q4 2025: 9
- Q1 2026: 6
- Q2 2026: 7
- Q2 2024: $378m
- Q3 2024: $561m
- Q4 2024: $482m
- Q1 2025: $494m
- Q2 2025: $661m
- Q3 2025: $524m
- Q4 2025: $865m
- Q1 2026: $1.0bn
- Q2 2026: $1.2bn
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
- Neuberger Berman Group LLC1,290,417 to 1,819,860 shares+$54m
- Janus Henderson Group Ltd2,987,691 to 3,042,429 shares+$5.6m
Largest decreases, by shares
- Durable Capital Partners LP3,291,516 to 2,937,488 shares-$36m
- Capital Research Global Investors3,653,938 to 3,367,530 shares-$29m
- ExodusPoint Capital Management LP211,086 to 130,675 shares-$8.2m
- Soros Fund Management LLC395,000 to 333,960 shares-$6.2m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Capital Research Global Investors | Q2 2024 | $343m | $343m | |
| Janus Henderson Group Ltd | Q2 2024 | $310m | $310m | |
| Durable Capital Partners LP | Q4 2025 | $299m | $299m | |
| Neuberger Berman Group LLC | Q1 2026 | $185m | $185m | |
| Soros Fund Management LLC | Q2 2024 | $56m | $34m | |
| ExodusPoint Capital Management LP | Q1 2026 | $18m | $13m | |
| Winton Group Ltd | Q2 2026 | $1.5m | $1.5m | |
| MFS Investment Management | Q2 2024 | $96m | last listed Q1 2025 | |
| Acadian Asset Management LLC | Q3 2024 | $75m | last listed Q2 2025 | |
| Balyasny Asset Management LLC | Q3 2024 | $50m | last listed Q4 2025 | |
| Two Sigma Investments LP | Q2 2024 | $42m | last listed Q4 2025 | |
| Marshall Wace LLP | Q3 2024 | $38m | last listed Q3 2024 | |
| Two Sigma Advisers LP | Q2 2024 | $34m | last listed Q2 2025 | |
| Element Capital Management LLC | Q3 2024 | $22m | last listed Q3 2024 | |
| Voloridge Investment Management LLC | Q4 2024 | $14m | last listed Q4 2024 | |
| Holocene Advisors LP | Q2 2024 | $11m | last listed Q2 2024 | |
| Hudson Bay Capital Management LP | Q2 2024 | $9.8m | last listed Q4 2025 |
What ULS 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 ULS →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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