Which funds own VST
Vistra Corp in the Q2 2026 filings. At least 14 of the 91 current managers on file reported a position, worth $4.6bn 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
- 14
- at least, of 91 current
- Combined value
- $4.6bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 5
- already held
- Trimmed or sold out
- 9
- 2 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 |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $2.2bn | 0.1% | 14,160,202 | -$130m-1,647,805 | Trimmed |
| MFS Investment Management Long-only · $315bn book | $502m | 0.2% | 3,160,826 | -$95m-790,963 | Trimmed |
| Appaloosa LP Activist · $7.7bn book | $351m | 4.5% | 2,215,272 | +$47m+192,940 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $296m | 0.2% | 1,864,591 | +$1.2m-95,850 | Trimmed |
| Janus Henderson Group Ltd Long-only · $245bn book | $262m | 0.1% | 1,652,733 | +$7.9m-38,582 | Trimmed |
| Point72 Asset Management LP Multi-strategy · $90.7bn book | $235m | 0.3% | 1,478,465 | +$96m+559,759 | Added |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $129m | 0.2% | 810,371 | +$77m+467,638 | Added |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $121m | 0.2% | 765,275 | -$38m-296,660 | Trimmed |
| Bridgewater Associates LP Macro · $24.4bn book | $119m | 0.5% | 751,695 | +$67m+403,181 | Added |
| Baillie Gifford & Co Long-only · $110bn book | $119m | 0.1% | 749,397 | opened749,397 | New |
| Egerton Capital UK LLP Long/short equity · $10.4bn book | $77m | 0.7% | 485,253 | opened485,253 | New |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $47m | 0.2% | 298,435 | -$43m-305,341 | Trimmed |
| Rokos Capital Management LLP Macro · $26.8bn book | $32m | 0.1% | 202,530 | -$13m-94,868 | Trimmed |
| Moore Capital Management LP Macro · $6.7bn book | $20m | 0.3% | 127,165 | +$7.0m+39,665 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Lone Pine Capital LLC · Long/short equity$930m held before
- Holocene Advisors LP · Long/short equity$48m held before
Ownership through time
At least 31 of the 95 managers whose filings are on file listed VST in Q2 2026, against 4 in Q2 2017. 1 manager more than in Q1 2026: 3 started positions; 3 listed it again; 1 sold out, by its own filing; 4 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.
- Q2 2017: 4
- Q3 2017: 8
- Q4 2017: 11
- Q1 2018: 13
- Q2 2018: 16
- Q3 2018: 10
- Q4 2018: 16
- Q1 2019: 19
- Q2 2019: 17
- Q3 2019: 17
- Q4 2019: 23
- Q1 2020: 15
- Q2 2020: 15
- Q3 2020: 16
- Q4 2020: 13
- Q1 2021: 13
- Q2 2021: 11
- Q3 2021: 11
- Q4 2021: 10
- Q1 2022: 16
- Q2 2022: 17
- Q3 2022: 12
- Q4 2022: 13
- Q1 2023: 14
- Q2 2023: 12
- Q3 2023: 15
- Q4 2023: 15
- Q1 2024: 21
- Q2 2024: 32
- Q3 2024: 29
- Q4 2024: 32
- Q1 2025: 27
- Q2 2025: 34
- Q3 2025: 31
- Q4 2025: 32
- Q1 2026: 30
- Q2 2026: 31
- Q2 2017: $1.0bn
- Q3 2017: $1.2bn
- Q4 2017: $1.5bn
- Q1 2018: $1.8bn
- Q2 2018: $2.6bn
- Q3 2018: $2.3bn
- Q4 2018: $2.6bn
- Q1 2019: $3.0bn
- Q2 2019: $2.7bn
- Q3 2019: $3.1bn
- Q4 2019: $2.8bn
- Q1 2020: $1.8bn
- Q2 2020: $2.1bn
- Q3 2020: $2.0bn
- Q4 2020: $2.2bn
- Q1 2021: $1.5bn
- Q2 2021: $1.9bn
- Q3 2021: $1.3bn
- Q4 2021: $1.9bn
- Q1 2022: $1.9bn
- Q2 2022: $2.0bn
- Q3 2022: $1.7bn
- Q4 2022: $1.7bn
- Q1 2023: $1.8bn
- Q2 2023: $1.8bn
- Q3 2023: $1.9bn
- Q4 2023: $1.8bn
- Q1 2024: $4.6bn
- Q2 2024: $6.4bn
- Q3 2024: $8.1bn
- Q4 2024: $8.5bn
- Q1 2025: $6.3bn
- Q2 2025: $11.1bn
- Q3 2025: $10.8bn
- Q4 2025: $9.1bn
- Q1 2026: $7.5bn
- Q2 2026: $6.7bn
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
- Baillie Gifford & Conew: 749,397 shares+$119m
- Invesco Ltd3,153,712 to 3,713,835 shares+$89m
- Point72 Asset Management LP918,706 to 1,478,465 shares+$89m
- Egerton Capital UK LLPnew: 485,253 shares+$77m
- Wellington Management Group LLP928,037 to 1,400,924 shares+$75m
Largest decreases, by shares
- Fidelity (FMR LLC)15,808,007 to 14,160,202 shares-$261m
- MFS Investment Management3,951,789 to 3,160,826 shares-$126m
- Voloridge Investment Management LLC603,776 to 298,435 shares-$48m
- Renaissance Technologies LLC1,061,935 to 765,275 shares-$47m
- Soros Fund Management LLC244,314 to 4,223 shares-$38m
Left it
- Lone Pine Capital LLCwas $930m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Fidelity (FMR LLC) | Q2 2018 | $3.9bn | $2.2bn | |
| Invesco Ltd | Q1 2020 | $896m | $589m | |
| MFS Investment Management | Q2 2018 | $1.4bn | $502m | |
| T. Rowe Price Associates Inc | Q4 2018 | $461m | $452m | |
| Capital World Investors | Q2 2017 | $574m | $408m | |
| Appaloosa LP | Q4 2017 | $372m | $351m | |
| Neuberger Berman Group LLC | Q3 2017 | $403m | $296m | |
| Janus Henderson Group Ltd | Q1 2019 | $627m | $262m | |
| Point72 Asset Management LP | Q1 2019 | $235m | $235m | |
| Wellington Management Group LLP | Q4 2023 | $394m | $222m | |
| D. E. Shaw & Co. | Q1 2025 | $135m | $135m | |
| Balyasny Asset Management LLC | Q1 2018 | $129m | $129m | |
| Renaissance Technologies LLC | Q1 2018 | $168m | $121m | |
| Bridgewater Associates LP | Q2 2023 | $245m | $119m | |
| Baillie Gifford & Co | Q2 2026 | $119m | $119m | |
| Lone Pine Capital LLC | Q1 2024 | $1.3bn | last listed Q1 2026 | |
| Oaktree Capital Management LP | Q2 2017 | $1.1bn | last listed Q3 2023 | |
| Jane Street Group LLC | Q4 2019 | $489m | last listed Q1 2026 | |
| Coatue Management LLC | Q4 2019 | $409m | last listed Q3 2025 | |
| Third Point LLC | Q1 2023 | $384m | last listed Q4 2025 | |
| Davidson Kempner Capital Management LP | Q2 2017 | $374m | last listed Q2 2023 | |
| Steadfast Capital Management LP | Q2 2023 | $332m | last listed Q3 2024 | |
| Viking Global Investors LP | Q3 2024 | $218m | last listed Q4 2024 | |
| AQR Capital Management LLC | Q3 2017 | $186m | last listed Q3 2024 | |
| Millennium Management LLC | Q1 2018 | $179m | last listed Q4 2025 |
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Jane Street Group LLC · puts$1.3bn notional
- Balyasny Asset Management LLC · calls$160m notional
What VST 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 VST →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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