Free · no sign-up · Q2 2026

Which funds own XPO

Xpo Inc in the Q2 2026 filings. At least 10 of the 91 current managers on file reported a position, worth $3.9bn 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: 10; at least, of 91 current
Combined value: $3.9bn; as reported
Opened: 2; new this quarter
Added to: 3; already held
Trimmed or sold out: 7; 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	$1.7bn	0.2%	8,271,824	-$167m-1,316,367	Trimmed
Capital World Investors Long-only · $846bn book	$1.2bn	0.1%	5,834,627	+$74m+56,399	Added
Durable Capital Partners LP Long/short equity · $10.3bn book	$498m	4.8%	2,424,919	-$73m-511,015	Trimmed
Holocene Advisors LP Long/short equity · $44.4bn book	$186m	0.4%	904,678	-$57m-344,753	Trimmed
Two Sigma Investments LP Quantitative · $138bn book	$176m	0.1%	856,209	+$139m+667,587	Added
Voloridge Investment Management LLC Quantitative · $23.5bn book	$75m	0.3%	366,149	+$50m+238,192	Added
Freestone Grove Partners LP Multi-strategy · $15.6bn book	$43m	0.3%	208,183	opened208,183	New
Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book	$38m	0.1%	182,879	-$2.3m-22,018	Trimmed
Southeastern Asset Management Inc Activist · $1.9bn book	$1.3m	0.1%	6,336	+$100k0	Held
Polen Capital Management LLC Long-only · $11.6bn book	$700k	0.0%	3,396	opened3,396	New

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

D1 Capital Partners LP · Long/short equity$251m held before
Davidson Kempner Capital Management LP · Long/short equity$9.7m held before
Steadfast Capital Management LP · Long/short equity$8.1m held before

Ownership through time

At least 24 of the 95 managers whose filings are on file listed XPO in Q2 2026, against 1 in Q3 2013. 1 manager more than in Q1 2026: 4 started positions; 3 listed it again; 3 sold out, by their own filings; 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.

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

Largest increases, by shares

Fidelity (FMR LLC)3,604,998 to 4,332,153 shares+$149m
Voloridge Investment Management LLC127,957 to 366,149 shares+$49m
Freestone Grove Partners LPnew: 208,183 shares+$43m
Capital World Investors5,778,228 to 5,834,627 shares+$12m
Renaissance Technologies LLC178,720 to 229,120 shares+$10m

Largest decreases, by shares

Invesco Ltd4,831,614 to 3,035,930 shares-$369m
Capital Research Global Investors9,588,191 to 8,271,824 shares-$270m
Durable Capital Partners LP2,935,934 to 2,424,919 shares-$105m
Holocene Advisors LP1,249,431 to 904,678 shares-$71m
Brevan Howard Capital Management LP85,603 to 25,943 shares-$12m

Left it

D1 Capital Partners LPwas $251m
Davidson Kempner Capital Management LPwas $9.7m
Steadfast Capital Management LPwas $8.1m

Manager	First listed	Largest	Q2 2026
Capital Research Global Investors	Q2 2023	$1.9bn	$1.7bn
Capital World Investors	Q2 2023	$1.4bn	$1.2bn
Fidelity (FMR LLC)	Q3 2017	$889m	$889m
Invesco Ltd	Q2 2025	$940m	$623m
Durable Capital Partners LP	Q4 2024	$571m	$498m
Citadel Advisors LLC	Q3 2017	$228m	$228m
Holocene Advisors LP	Q2 2019	$243m	$186m
Two Sigma Investments LP	Q2 2017	$176m	$176m
AllianceBernstein LP	Q1 2018	$183m	$129m
MFS Investment Management	Q4 2021	$261m	$93m
Balyasny Asset Management LLC	Q1 2014	$186m	$92m
Voloridge Investment Management LLC	Q2 2015	$75m	$75m
Squarepoint Ops LLC	Q1 2015	$58m	$58m
Renaissance Technologies LLC	Q2 2022	$47m	$47m
Freestone Grove Partners LP	Q4 2024	$60m	$43m
D1 Capital Partners LP	Q2 2024	$506m	last listed Q1 2026
Appaloosa LP	Q3 2017	$217m	last listed Q3 2018
Wellington Management Group LLP	Q3 2015	$177m	last listed Q4 2016
D. E. Shaw & Co.	Q4 2016	$174m	last listed Q2 2021
Millennium Management LLC	Q4 2014	$152m	last listed Q1 2026
Hudson Bay Capital Management LP	Q1 2014	$91m	last listed Q4 2025
Baupost Group LLC	Q2 2019	$87m	last listed Q1 2020
Viking Global Investors LP	Q1 2015	$76m	last listed Q2 2023
Point72 Asset Management LP	Q3 2014	$63m	last listed Q2 2023
ValueAct Holdings LP	Q2 2019	$58m	last listed Q2 2019

What XPO 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 XPO →

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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