undamentalytics Newsletter

Dnow Inc.: which funds bought and sold

Institutions that bought and sold Dnow shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 144 institutions that filed 13F reports for both quarters added to or opened positions in Dnow, and 162 cut or closed them. Together they added a net 2.8M shares, +1.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 7.3M shares (+11.9%); index fund managers were net sellers of 493K shares (−0.7%). 39 opened a new position and 56 sold out entirely.

Bought, Q2 2026 144 institutions, 39 of them new holders Sold, Q2 2026 162 institutions, 56 of them sold out
Net change, all compared +2.8M shares (+1.5%)
Net change, active managers +7.3M shares (+11.9%), 26 bought, 27 sold

Buyers versus sellers

institutions compared, 352
Active managers and hedge funds 26 bought · 27 sold · +7.3M
Index fund managers 6 bought · 5 sold · −493K
Other institutions 112 bought · 130 sold · −4.0M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Greenhaven Associates Inc Active manager +3.5M +426.8% 4.3M $56.3M
Ack Asset Management LLC +3.0M New position 3.0M $38.9M
Adage Capital Partners Gp, L.L.C. Hedge fund +2.6M New position 2.6M $34.2M
Wellington Management Group LLP Active manager +2.6M +15.6% 19.5M $253M
Rubric Capital Management LP Hedge fund +2.6M +207.6% 3.9M $50.6M
First Trust Advisors LP +2.5M +62.5% 6.6M $85.7M
Fideuram - Intesa Sanpaolo Private Banking S.P.A. +1.6M New position 1.6M $20.5M
Nomura Holdings Inc +1.5M New position 1.5M $19.5M
William Blair Investment Management, LLC Active manager +991K New position 991K $12.9M
First Eagle Investment Management, LLC Active manager +846K +239.2% 1.2M $15.6M
Invenomic Capital Management LP Hedge fund +757K New position 757K $9.8M
Millennium Management LLC Hedge fund +646K +223.9% 935K $12.1M
Bank Of America Corp +539K +38.1% 2.0M $25.4M
Exoduspoint Capital Management, LP Hedge fund +537K New position 537K $7M
Citadel Advisors LLC Hedge fund +350K +54.4% 992K $12.9M
Verbena Value LP +309K +9.4% 3.6M $46.8M
Fideuram Asset Management (Ireland) Dac +280K New position 280K $3.7M
Brevan Howard Capital Management LP Hedge fund +279K +794.2% 314K $4.1M
Squarepoint Ops LLC Hedge fund +274K +425.4% 339K $4.4M
Neo Ivy Capital Management +256K New position 256K $3.3M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Dimensional Fund Advisors LP −2.4M −23.4% 8.0M $103M
American Century Companies Inc Active manager −1.5M −52.1% 1.4M $17.6M
Medina Value Partners, LLC −1.4M Sold out 0 —
Global Alpha Capital Management Ltd. −1.4M −46.1% 1.6M $21M
Madison Avenue Partners, LP Hedge fund −1.4M Sold out 0 —
Marshall Wace, LLP Hedge fund −1.2M −62.7% 697K $9M
Nuveen, LLC −1.1M −63.9% 630K $8.2M
Ameriprise Financial Inc −1.0M −64.4% 577K $7.5M
Goldman Sachs Group Inc −950K −43.1% 1.3M $16.3M
Kennedy Capital Management LLC Active manager −904K −76.5% 278K $3.6M
Baupost Group LLC Hedge fund −837K −23.1% 2.8M $36.2M
Blackrock, Inc. Index funds −783K −2.6% 28.9M $375M
Csm Advisors, LLC −773K −98.1% 15K $199,000
Harvey Partners, LLC −731K Sold out 0 —
Tejara Capital Ltd −629K −46.5% 723K $9.4M
Barrow Hanley Mewhinney & Strauss LLC Active manager −615K −15.8% 3.3M $42.5M
Penn Capital Management Company, LLC Active manager −508K −43.1% 670K $8.7M
FMR LLC Active manager −412K −96.9% 13K $169,870
Sei Investments Co −372K −66.4% 189K $2.4M
Holocene Advisors, LP Hedge fund −354K −59.3% 243K $3.2M

New positions

largest by value

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Medina Value Partners, LLC 1.4M $16.7M
Madison Avenue Partners, LPHedge fund 1.4M $16.3M
Harvey Partners, LLC 731K $8.7M
Jupiter Asset Management LtdActive manager 334K $4M
Atom Investors LP 332K $4M
Y-Intercept (Hong Kong) Ltd 287K $3.4M
Nordea Investment Management AB 282K $3.3M
Edgestream Partners, L.P.Hedge fund 243K $2.9M
Monaco Asset Management Sam 225K $2.7M
Jump Financial, LLC 157K $1.9M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
300
Ten largest holders
53.5%
of 13F-reported shares
Index fund managers
34.2%
of 13F-reported shares
Active managers and hedge funds
35.6%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 26 27 8 9 +7.3M +11.9%
Index fund managers 6 5 0 0 −493K −0.7%
Other institutions 112 130 31 47 −4.0M −6.4%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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