Dow Inc.: which funds bought and sold
Institutions that bought and sold Dow 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, 525 institutions that filed 13F reports for both quarters added to or opened positions in Dow, and 681 cut or closed them. Together they added a net 42.2M shares, +8.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 17.9M shares (+15.3%); index fund managers were net buyers of 14.5M shares (+7.0%). 119 opened a new position and 233 sold out entirely.
Bought, Q2 2026 525 institutions, 119 of them new holders Sold, Q2 2026 681 institutions, 233 of them sold out
Net change, all compared +42.2M shares (+8.3%)
Net change, active managers +17.9M shares (+15.3%), 46 bought, 36 sold
Buyers versus sellers
525 bought 199 681 sold
Active managers and hedge funds 46 bought · 36 sold · +17.9M
Index fund managers 9 bought · 3 sold · +14.5M
Other institutions 470 bought · 642 sold · +9.8M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Two Sigma Investments, LP Hedge fund | +13.4M +296.7% | 17.9M | $489M |
| Capital World Investors Active manager | +8.6M +121.7% | 15.7M | $431M |
| Blackrock, Inc. Index funds | +8.4M +15.8% | 61.7M | $1.7B |
| Qube Research & Technologies Ltd Hedge fund | +6.9M New position | 6.9M | $188M |
| AQR Capital Management LLC Hedge fund | +5.4M +52.2% | 15.7M | $430M |
| Voloridge Investment Management, LLC Hedge fund | +4.5M +225.7% | 6.4M | $176M |
| D. E. Shaw & Co., Inc. Hedge fund | +4.2M +133.4% | 7.3M | $200M |
| Renaissance Technologies LLC Hedge fund | +2.9M New position | 2.9M | $79.2M |
| State Street Corp Index funds | +2.8M +7.8% | 37.9M | $1B |
| Goldman Sachs Group Inc | +2.6M +41.6% | 8.8M | $241M |
| Amundi | +2.5M +166.6% | 3.9M | $108M |
| Vanguard Portfolio Management LLC Index funds | +2.1M +6.2% | 34.9M | $955M |
| Acadian Asset Management LLC Active manager | +1.8M +252.5% | 2.6M | $70.4M |
| Barclays PLC | +1.8M +78.3% | 4.2M | $115M |
| Millennium Management LLC Hedge fund | +1.5M +65.9% | 3.9M | $106M |
| Citadel Advisors LLC Hedge fund | +1.4M +78.1% | 3.2M | $86.3M |
| Healthcare Of Ontario Pension Plan Trust Fund | +1.4M +3050.0% | 1.4M | $38.9M |
| Jump Financial, LLC | +1.4M +591.2% | 1.6M | $43.3M |
| National Pension Service | +1.3M +2909.7% | 1.3M | $36.6M |
| FMR LLC Active manager | +1.2M +14.7% | 9.4M | $257M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Two Sigma Investments, LP Hedge fund | +13.4M +296.7% | 17.9M | $489M |
| Capital World Investors Active manager | +8.6M +121.7% | 15.7M | $431M |
| Qube Research & Technologies Ltd Hedge fund | +6.9M New position | 6.9M | $188M |
| AQR Capital Management LLC Hedge fund | +5.4M +52.2% | 15.7M | $430M |
| Voloridge Investment Management, LLC Hedge fund | +4.5M +225.7% | 6.4M | $176M |
| D. E. Shaw & Co., Inc. Hedge fund | +4.2M +133.4% | 7.3M | $200M |
| Renaissance Technologies LLC Hedge fund | +2.9M New position | 2.9M | $79.2M |
| Acadian Asset Management LLC Active manager | +1.8M +252.5% | 2.6M | $70.4M |
| Millennium Management LLC Hedge fund | +1.5M +65.9% | 3.9M | $106M |
| Citadel Advisors LLC Hedge fund | +1.4M +78.1% | 3.2M | $86.3M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Capital Research Global Investors Active manager | −9.1M Sold out | 0 | — |
| Pzena Investment Management LLC Active manager | −6.4M −34.0% | 12.5M | $342M |
| Holocene Advisors, LP Hedge fund | −5.1M Sold out | 0 | — |
| Artemis Investment Management LLP Active manager | −4.7M Sold out | 0 | — |
| Voya Investment Management LLC | −3.2M −95.0% | 169K | $4.6M |
| Primecap Management Co Active manager | −2.1M −48.3% | 2.3M | $61.6M |
| Electron Capital Partners, LLC Hedge fund | −1.9M Sold out | 0 | — |
| Balyasny Asset Management L.P. Hedge fund | −1.5M −98.1% | 28K | $770,759 |
| Jennison Associates LLC Active manager | −1.4M Sold out | 0 | — |
| Eurizon Capital Sgr S.P.A. | −1.2M −94.3% | 72K | $2M |
| Samlyn Capital, LLC Hedge fund | −1.1M Sold out | 0 | — |
| Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. | −949K Sold out | 0 | — |
| Pointstate Capital LP Hedge fund | −903K Sold out | 0 | — |
| Cullen Capital Management, LLC | −903K −35.2% | 1.7M | $45.4M |
| Assenagon Asset Management S.A. | −868K −95.2% | 43K | $1.2M |
| Neuberger Berman Group LLC Active manager | −780K −12.9% | 5.3M | $144M |
| Jane Street Group, LLC | −777K −62.6% | 464K | $12.7M |
| Arga Investment Management, LP Active manager | −729K Sold out | 0 | — |
| Alyeska Investment Group, L.P. Hedge fund | −699K Sold out | 0 | — |
| Advisors Capital Management, LLC | −679K −59.2% | 469K | $12.8M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Capital Research Global Investors Active manager | −9.1M Sold out | 0 | — |
| Pzena Investment Management LLC Active manager | −6.4M −34.0% | 12.5M | $342M |
| Holocene Advisors, LP Hedge fund | −5.1M Sold out | 0 | — |
| Artemis Investment Management LLP Active manager | −4.7M Sold out | 0 | — |
| Primecap Management Co Active manager | −2.1M −48.3% | 2.3M | $61.6M |
| Electron Capital Partners, LLC Hedge fund | −1.9M Sold out | 0 | — |
| Balyasny Asset Management L.P. Hedge fund | −1.5M −98.1% | 28K | $770,759 |
| Jennison Associates LLC Active manager | −1.4M Sold out | 0 | — |
| Samlyn Capital, LLC Hedge fund | −1.1M Sold out | 0 | — |
| Pointstate Capital LP Hedge fund | −903K Sold out | 0 | — |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Qube Research & Technologies LtdHedge fund | 6.9M | $188M |
| Renaissance Technologies LLCHedge fund | 2.9M | $79.2M |
| Caisse De Depot Et Placement Du Quebec | 1.0M | $27.6M |
| Robeco Institutional Asset Management B.V. | 794K | $21.7M |
| Impala Asset Management LLC | 537K | $14.7M |
| Pfa Pension, Forsikringsaktieselskab | 394K | $10.8M |
| Janney Montgomery Scott LLC | 352K | $9.6M |
| Campbell & Co Investment Adviser LLC | 326K | $8.9M |
| Quantitative Investment Management, LLC | 214K | $5.8M |
| HRT Financial LP | 194K | $5.3M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Capital Research Global InvestorsActive manager | 9.1M | $381M |
| Holocene Advisors, LPHedge fund | 5.1M | $213M |
| Artemis Investment Management LLPActive manager | 4.7M | $198M |
| Electron Capital Partners, LLCHedge fund | 1.9M | $79.9M |
| Jennison Associates LLCActive manager | 1.4M | $57.8M |
| Samlyn Capital, LLCHedge fund | 1.1M | $47.3M |
| Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. | 949K | $39.5M |
| Pointstate Capital LPHedge fund | 903K | $37.6M |
| Arga Investment Management, LPActive manager | 729K | $30.4M |
| Alyeska Investment Group, L.P.Hedge fund | 699K | $29.1M |
Who holds the shares
- Institutions reporting
- 1,193
- Ten largest holders
- 49.3% of 13F-reported shares
- Index fund managers
- 39.2% of 13F-reported shares
- Active managers and hedge funds
- 24.0% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 46 | 36 | 11 | 17 | +17.9M | +15.3% |
| Index fund managers | 9 | 3 | 0 | 0 | +14.5M | +7.0% |
| Other institutions | 470 | 642 | 108 | 216 | +9.8M | +5.2% |