Which funds own COF
Capital One Finl Corp in the Q2 2026 filings. At least 38 of the 91 current managers on file reported a position, worth $19.6bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. The quarter went one way: 25 managers opened or added against 14 cutting.
- Managers holding
- 38
- at least, of 91 current
- Combined value
- $19.6bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 24
- already held
- Trimmed or sold out
- 14
- 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 |
|---|---|---|---|---|---|
| Harris Associates LP Activist · $75.4bn book | $2.3bn | 3.1% | 11,492,010 | +$416m+1,134,363 | Added |
| Fidelity (FMR LLC) Long-only · $2304bn book | $2.2bn | 0.1% | 11,130,538 | -$58m-1,429,940 | Trimmed |
| Dodge & Cox Activist · $191bn book | $1.8bn | 1.0% | 9,117,926 | +$228m+342,994 | Added |
| Invesco Ltd Long-only · $1264bn book | $1.5bn | 0.1% | 7,416,162 | +$290m+849,689 | Added |
| Capital World Investors Long-only · $846bn book | $1.5bn | 0.2% | 7,371,325 | -$1.8bn-10,749,314 | Trimmed |
| Wellington Management Group LLP Long-only · $580bn book | $1.4bn | 0.2% | 7,108,112 | +$474m+1,887,497 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $1.2bn | 0.1% | 6,030,779 | +$655m+2,990,399 | Added |
| AQR Capital Management LLC Quantitative · $287bn book | $1.1bn | 0.4% | 5,271,438 | +$402m+1,657,701 | Added |
| D. E. Shaw & Co. Quantitative · $210bn book | $919m | 0.4% | 4,579,708 | +$488m+2,216,757 | Added |
| Berkshire Hathaway Inc Long-only · $299bn book | $602m | 0.2% | 3,000,000 | -$703m-4,150,000 | Trimmed |
| Point72 Asset Management LP Multi-strategy · $90.7bn book | $507m | 0.6% | 2,529,289 | +$207m+880,577 | Added |
| AllianceBernstein LP Long-only · $302bn book | $487m | 0.2% | 2,666,701 | -$94m+270,986 | Added |
| Janus Henderson Group Ltd Long-only · $245bn book | $464m | 0.2% | 2,314,665 | +$56m+73,750 | Added |
| Ruane Cunniff & Goldfarb LP Activist · $6.4bn book | $392m | 6.1% | 1,956,084 | +$24m-61,723 | Trimmed |
| Millennium Management LLC Multi-strategy · $276bn book | $345m | 0.1% | 1,720,453 | +$93m+337,063 | Added |
| Holocene Advisors LP Long/short equity · $44.4bn book | $282m | 0.6% | 1,403,424 | +$250m+1,230,823 | Added |
| Maverick Capital Ltd Long/short equity · $11.3bn book | $278m | 2.5% | 1,384,692 | +$50m+136,236 | Added |
| Two Sigma Investments LP Quantitative · $138bn book | $269m | 0.2% | 1,342,795 | +$257m+1,273,481 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $268m | 0.2% | 1,334,600 | +$42m+92,048 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $224m | 0.4% | 1,115,283 | -$22m-229,565 | Trimmed |
| D1 Capital Partners LP Long/short equity · $34.8bn book | $219m | 0.6% | 1,093,438 | +$16m-23,300 | Trimmed |
| Marshall Wace LLP Quantitative · $127bn book | $194m | 0.2% | 969,079 | -$89m-583,402 | Trimmed |
| Third Point LLC Activist · $4.7bn book | $166m | 3.5% | 825,000 | +$140m+685,000 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $154m | 0.2% | 764,912 | +$122m+590,458 | Added |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $125m | 0.2% | 624,899 | +$98m+474,637 | Added |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $119m | 0.2% | 591,504 | -$16m-147,600 | Trimmed |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $84m | 0.3% | 416,599 | +$67m+325,958 | Added |
| Viking Global Investors LP Long/short equity · $35.1bn book | $78m | 0.2% | 387,815 | -$216m-1,224,559 | Trimmed |
| Tudor Investment Corp Macro · $71.9bn book | $68m | 0.1% | 336,683 | -$32m-206,925 | Trimmed |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $65m | 0.2% | 325,110 | +$14m+43,997 | Added |
| Steadfast Capital Management LP Long/short equity · $3.3bn book | $64m | 2.0% | 319,576 | +$16m+57,100 | Added |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $61m | 0.2% | 303,740 | +$13m+42,950 | Added |
| Moore Capital Management LP Macro · $6.7bn book | $53m | 0.8% | 264,160 | +$23m+97,060 | Added |
| Discovery Capital Management LLC Macro · $2.4bn book | $35m | 1.4% | 173,210 | -$14m-95,600 | Trimmed |
| Soros Fund Management LLC Macro · $8.1bn book | $30m | 0.4% | 147,062 | -$3.4m-33,043 | Trimmed |
| Bridgewater Associates LP Macro · $24.4bn book | $29m | 0.1% | 145,544 | opened145,544 | New |
| Markel Group Inc Activist · $13.1bn book | $18m | 0.1% | 91,000 | +$1.7m0 | Held |
| Quantbot Technologies LP Quantitative · $2.5bn book | $4.6m | 0.2% | 22,940 | +$900k+2,512 | 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$414m held before
- Freestone Grove Partners LP · Multi-strategy$28m held before
Ownership through time
At least 43 of the 93 managers whose filings are on file listed COF in Q2 2026, against 20 in Q2 2013. 1 manager more than in Q1 2026: 1 started a position; 2 listed it again; 1 sold out, by its own filing; 1 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 2013: 20
- Q3 2013: 20
- Q4 2013: 17
- Q1 2014: 18
- Q2 2014: 20
- Q3 2014: 20
- Q4 2014: 19
- Q1 2015: 17
- Q2 2015: 16
- Q3 2015: 20
- Q4 2015: 20
- Q1 2016: 16
- Q2 2016: 22
- Q3 2016: 14
- Q4 2016: 16
- Q1 2017: 19
- Q2 2017: 24
- Q3 2017: 23
- Q4 2017: 19
- Q1 2018: 24
- Q2 2018: 23
- Q3 2018: 31
- Q4 2018: 25
- Q1 2019: 28
- Q2 2019: 26
- Q3 2019: 19
- Q4 2019: 16
- Q1 2020: 23
- Q2 2020: 22
- Q3 2020: 14
- Q4 2020: 18
- Q1 2021: 21
- Q2 2021: 28
- Q3 2021: 24
- Q4 2021: 25
- Q1 2022: 23
- Q2 2022: 22
- Q3 2022: 23
- Q4 2022: 24
- Q1 2023: 25
- Q2 2023: 21
- Q3 2023: 24
- Q4 2023: 26
- Q1 2024: 28
- Q2 2024: 30
- Q3 2024: 30
- Q4 2024: 38
- Q1 2025: 37
- Q2 2025: 43
- Q3 2025: 49
- Q4 2025: 40
- Q1 2026: 42
- Q2 2026: 43
- Q2 2013: $10.1bn
- Q3 2013: $11.4bn
- Q4 2013: $11.7bn
- Q1 2014: $11.5bn
- Q2 2014: $12.3bn
- Q3 2014: $11.1bn
- Q4 2014: $11.2bn
- Q1 2015: $10.9bn
- Q2 2015: $12.0bn
- Q3 2015: $9.5bn
- Q4 2015: $9.5bn
- Q1 2016: $8.8bn
- Q2 2016: $8.1bn
- Q3 2016: $9.2bn
- Q4 2016: $12.6bn
- Q1 2017: $12.5bn
- Q2 2017: $11.7bn
- Q3 2017: $11.7bn
- Q4 2017: $13.6bn
- Q1 2018: $13.0bn
- Q2 2018: $11.9bn
- Q3 2018: $11.4bn
- Q4 2018: $9.0bn
- Q1 2019: $10.1bn
- Q2 2019: $11.4bn
- Q3 2019: $11.3bn
- Q4 2019: $12.8bn
- Q1 2020: $6.3bn
- Q2 2020: $8.6bn
- Q3 2020: $9.9bn
- Q4 2020: $12.6bn
- Q1 2021: $14.8bn
- Q2 2021: $17.1bn
- Q3 2021: $16.6bn
- Q4 2021: $13.9bn
- Q1 2022: $11.6bn
- Q2 2022: $8.8bn
- Q3 2022: $7.9bn
- Q4 2022: $15.2bn
- Q1 2023: $9.2bn
- Q2 2023: $11.5bn
- Q3 2023: $9.7bn
- Q4 2023: $13.5bn
- Q1 2024: $16.7bn
- Q2 2024: $13.6bn
- Q3 2024: $14.2bn
- Q4 2024: $17.3bn
- Q1 2025: $16.7bn
- Q2 2025: $28.2bn
- Q3 2025: $27.1bn
- Q4 2025: $29.0bn
- Q1 2026: $19.0bn
- Q2 2026: $20.1bn
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
- T. Rowe Price Associates Inc3,040,380 to 6,030,779 shares+$600m
- D. E. Shaw & Co.2,362,951 to 4,579,708 shares+$445m
- Wellington Management Group LLP5,220,615 to 7,108,112 shares+$379m
- AQR Capital Management LLC3,613,737 to 5,271,438 shares+$333m
- Holocene Advisors LP172,601 to 1,403,424 shares+$247m
Largest decreases, by shares
- Capital World Investors18,120,639 to 7,371,325 shares-$2.2bn
- Berkshire Hathaway Inc7,150,000 to 3,000,000 shares-$833m
- Fidelity (FMR LLC)12,560,478 to 11,130,538 shares-$287m
- Viking Global Investors LP1,612,374 to 387,815 shares-$246m
- Marshall Wace LLP1,552,481 to 969,079 shares-$117m
Left it
- Lone Pine Capital LLCwas $414m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Harris Associates LP | Q2 2013 | $2.6bn | $2.3bn | |
| Fidelity (FMR LLC) | Q2 2013 | $4.5bn | $2.2bn | |
| Dodge & Cox | Q2 2013 | $5.6bn | $1.8bn | |
| Invesco Ltd | Q2 2013 | $1.5bn | $1.5bn | |
| Capital World Investors | Q2 2013 | $6.0bn | $1.5bn | |
| Wellington Management Group LLP | Q4 2015 | $1.4bn | $1.4bn | |
| T. Rowe Price Associates Inc | Q2 2013 | $1.2bn | $1.2bn | |
| AQR Capital Management LLC | Q2 2013 | $1.1bn | $1.1bn | |
| D. E. Shaw & Co. | Q1 2014 | $919m | $919m | |
| Berkshire Hathaway Inc | Q1 2023 | $1.9bn | $602m | |
| Point72 Asset Management LP | Q2 2014 | $507m | $507m | |
| AllianceBernstein LP | Q2 2013 | $800m | $486m | |
| Janus Henderson Group Ltd | Q2 2013 | $512m | $464m | |
| Citadel Advisors LLC | Q2 2016 | $756m | $413m | |
| Ruane Cunniff & Goldfarb LP | Q4 2016 | $501m | $392m | |
| Eisler Capital Management Ltd | Q1 2022 | $6.8bn | last listed Q3 2025 | |
| Capital Research Global Investors | Q2 2013 | $3.1bn | last listed Q4 2025 | |
| Arrowstreet Capital LP | Q1 2017 | $879m | last listed Q2 2025 | |
| Lone Pine Capital LLC | Q2 2020 | $739m | last listed Q1 2026 | |
| Egerton Capital UK LLP | Q4 2024 | $501m | last listed Q4 2025 | |
| Rokos Capital Management LLP | Q2 2025 | $310m | last listed Q4 2025 | |
| Acadian Asset Management LLC | Q3 2013 | $185m | last listed Q1 2025 | |
| Voloridge Investment Management LLC | Q4 2014 | $108m | last listed Q1 2023 | |
| Glenview Capital Management LLC | Q2 2013 | $93m | last listed Q1 2014 | |
| Jane Street Group LLC | Q2 2022 | $93m | last listed Q4 2024 |
What managers have said about COF
Arguments made in the managers’ own SEC filings, each checked against the filing and reviewed by a person. A view is as filed on its date, not a current recommendation.
- Ruane, Cunniff & Goldfarb L.P. · Long · 2023-08-30
Ruane added to Capital One in the second quarter of 2023 during periods of price weakness.
The filing on sec.govListed at Q2 2026$392m Harris kept buying Capital One at about 6x 2023 consensus earnings and below tangible book, arguing it does not share the failed banks' balance-sheet risks.
The filing on sec.govListed at Q2 2026$2.3bn
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.
- Rokos Capital Management LLP · calls$193m notional
What COF 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 COF →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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