undamentalytics Newsletter

Grid Dynamics Holdings, Inc.: which funds bought and sold

Institutions that bought and sold Grid Dynamics Holdings 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, 113 institutions that filed 13F reports for both quarters added to or opened positions in Grid Dynamics Holdings, and 105 cut or closed them. Together they sold a net 5.9M shares, −8.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 505K shares (+2.1%); index fund managers were net sellers of 6.3M shares (−26.3%). 47 opened a new position and 45 sold out entirely.

Bought, Q2 2026 113 institutions, 47 of them new holders Sold, Q2 2026 105 institutions, 45 of them sold out
Net change, all compared −5.9M shares (−8.8%)
Net change, active managers +505K shares (+2.1%), 24 bought, 15 sold

Buyers versus sellers

institutions compared, 236
Active managers and hedge funds 24 bought · 15 sold · +505K
Index fund managers 4 bought · 7 sold · −6.3M
Other institutions 85 bought · 83 sold · −145K

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Jane Street Group, LLC +1.3M New position 1.3M $7.1M
T. Rowe Price Investment Management, Inc. Active manager +1.1M +44.6% 3.7M $21.1M
Millennium Management LLC Hedge fund +1.1M New position 1.1M $6.2M
Alyeska Investment Group, L.P. Hedge fund +811K +15.4% 6.1M $34.5M
Csm Advisors, LLC +756K New position 756K $4.3M
Morgan Stanley +552K +29.5% 2.4M $13.8M
Kennedy Capital Management LLC Active manager +502K New position 502K $2.8M
Susquehanna International Group, LLP +477K +402.4% 595K $3.4M
Squarepoint Ops LLC Hedge fund +476K New position 476K $2.7M
Goldman Sachs Group Inc +442K +57.5% 1.2M $6.9M
Point72 Asset Management, L.P. Hedge fund +438K New position 438K $2.5M
Federated Hermes, Inc. Active manager +303K +21.0% 1.7M $9.9M
Northern Trust Corp Index funds +228K +29.8% 992K $5.6M
Pacific Ridge Capital Partners, LLC +228K New position 228K $1.3M
Two Sigma Investments, LP Hedge fund +208K New position 208K $1.2M
Catalyst Funds Management Pty Ltd +192K New position 192K $1.1M
Trexquant Investment LP Hedge fund +190K +44.9% 614K $3.5M
FMR LLC Active manager +188K +1665.0% 199K $1.1M
Y-Intercept (Hong Kong) Ltd +181K New position 181K $1M
Cambridge Investment Research Advisors, Inc. +167K New position 167K $948,000

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Blackrock, Inc. Index funds −5.1M −43.3% 6.7M $37.9M
Alliancebernstein L.P. Active manager −2.0M −86.2% 313K $1.8M
Bastion Asset Management Inc. −1.1M Sold out 0 —
Frontier Capital Management Co LLC Active manager −1.1M Sold out 0 —
State Street Corp Index funds −897K −30.8% 2.0M $11.5M
D. E. Shaw & Co., Inc. Hedge fund −630K −53.2% 554K $3.1M
Vanguard Portfolio Management LLC Index funds −626K −22.5% 2.2M $12.2M
Fourth Sail Capital LP −610K Sold out 0 —
Blair William & Co −486K −97.3% 14K $77,021
Riverbridge Partners LLC Active manager −441K −30.9% 986K $5.6M
Principal Financial Group Inc −324K Sold out 0 —
Dimensional Fund Advisors LP −293K −20.9% 1.1M $6.3M
Taylor Frigon Capital Management LLC −288K Sold out 0 —
Wellington Management Group LLP Active manager −260K Sold out 0 —
Acadian Asset Management LLC Active manager −260K −73.0% 96K $543,000
UBS Group AG −248K −49.9% 249K $1.4M
Public Sector Pension Investment Board −238K Sold out 0 —
Royce & Associates LP Active manager −227K −54.5% 190K $1.1M
Algert Global LLC Hedge fund −225K Sold out 0 —
BNP Paribas Financial Markets −196K −78.2% 55K $309,941

New positions

largest by value
InstitutionSharesValue June 30, 2026
Jane Street Group, LLC 1.3M $7.1M
Millennium Management LLCHedge fund 1.1M $6.2M
Csm Advisors, LLC 756K $4.3M
Kennedy Capital Management LLCActive manager 502K $2.8M
Squarepoint Ops LLCHedge fund 476K $2.7M
Point72 Asset Management, L.P.Hedge fund 438K $2.5M
Pacific Ridge Capital Partners, LLC 228K $1.3M
Two Sigma Investments, LPHedge fund 208K $1.2M
Catalyst Funds Management Pty Ltd 192K $1.1M
Y-Intercept (Hong Kong) Ltd 181K $1M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Bastion Asset Management Inc. 1.1M $6.9M
Frontier Capital Management Co LLCActive manager 1.1M $6.4M
Fourth Sail Capital LP 610K $3.5M
Principal Financial Group Inc 324K $1.8M
Taylor Frigon Capital Management LLC 288K $1.6M
Wellington Management Group LLPActive manager 260K $1.5M
Public Sector Pension Investment Board 238K $1.4M
Algert Global LLCHedge fund 225K $1.3M
Tudor Investment Corp Et AlHedge fund 141K $804,430
Magnetar Financial LLCHedge fund 115K $657,832

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
195
Ten largest holders
52.4%
of 13F-reported shares
Index fund managers
28.6%
of 13F-reported shares
Active managers and hedge funds
38.9%
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 24 15 9 6 +505K +2.1%
Index fund managers 4 7 1 1 −6.3M −26.3%
Other institutions 85 83 37 38 −145K −0.7%

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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