undamentalytics Newsletter

Legence Corp.: which funds bought and sold

Institutions that bought and sold Legence 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, 191 institutions that filed 13F reports for both quarters added to or opened positions in Legence, and 78 cut or closed them. Together they added a net 14.1M shares, +20.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 1.7M shares (+8.8%); index fund managers were net buyers of 5.7M shares (+68.8%). 90 opened a new position and 21 sold out entirely.

Bought, Q2 2026 191 institutions, 90 of them new holders Sold, Q2 2026 78 institutions, 21 of them sold out
Net change, all compared +14.1M shares (+20.7%)
Net change, active managers +1.7M shares (+8.8%), 37 bought, 25 sold

Buyers versus sellers

institutions compared, 283
Active managers and hedge funds 37 bought · 25 sold · +1.7M
Index fund managers 11 bought · 0 sold · +5.7M
Other institutions 143 bought · 53 sold · +6.8M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Healthcare Of Ontario Pension Plan Trust Fund +1.9M +287.8% 2.5M $216M
Blackrock, Inc. Index funds +1.9M +70.9% 4.5M $386M
First Trust Advisors LP +1.7M +1185.5% 1.9M $160M
Forest Avenue Capital Management LP +1.5M New position 1.5M $132M
Two Sigma Investments, LP Hedge fund +1.4M +2074.4% 1.5M $126M
Invesco Ltd. +1.3M +4907.7% 1.3M $111M
Vanguard Portfolio Management LLC Index funds +1.1M +74.8% 2.6M $219M
Alliancebernstein L.P. Active manager +1.0M +2585.2% 1.0M $58.9M
Vanguard Capital Management LLC Index funds +981K +64.8% 2.5M $213M
Goldman Sachs Group Inc +794K +657.3% 915K $78M
Alyeska Investment Group, L.P. Hedge fund +724K New position 724K $61.7M
Geode Capital Management, LLC Index funds +660K +73.6% 1.6M $133M
Jacobs Levy Equity Management, Inc Active manager +659K New position 659K $56.1M
Emerald Advisers, LLC +654K New position 654K $55.7M
Yaupon Capital Management LP Hedge fund +627K New position 627K $53.5M
Renaissance Technologies LLC Hedge fund +601K +103.6% 1.2M $101M
Franklin Resources Inc Active manager +558K +24.1% 2.9M $245M
Nomura Asset Management International Inc. +555K New position 555K $47.3M
UBS Group AG +482K +157.6% 787K $67.1M
State Street Corp Index funds +474K +57.7% 1.3M $110M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Blackstone Inc. −5.9M −23.1% 19.5M $1.7B
FMR LLC Active manager −2.0M −67.0% 975K $83.1M
Massachusetts Financial Services Co Active manager −911K −46.6% 1.0M $89.1M
BAMCO Inc Active manager −770K −61.8% 475K $40.5M
Westfield Capital Management Co LP Active manager −520K −27.9% 1.3M $114M
Driehaus Capital Management LLC Active manager −506K −55.3% 408K $34.8M
BNP Paribas Asset Management Holding S.A. −351K −28.9% 864K $73.6M
Fred Alger Management, LLC Active manager −345K −52.1% 317K $27M
Shannon River Fund Management LLC Hedge fund −338K Sold out 0 —
Arrowmark Colorado Holdings LLC −319K −69.1% 142K $12.1M
Hiddenite Capital Partners LP −245K Sold out 0 —
Next Century Growth Investors LLC −238K Sold out 0 —
Burkehill Global Management, LP Hedge fund −225K −52.9% 200K $17M
HBK Investments L P Hedge fund −200K Sold out 0 —
Loomis Sayles & Co L P Active manager −169K −18.7% 732K $62.4M
Engle Capital Management, L.P. −149K −29.1% 362K $30.9M
Mawer Investment Management Ltd. Active manager −134K Sold out 0 —
Scalar Gauge Management, LLC −99K −66.0% 51K $4.3M
Kerrisdale Advisers, LLC −94K −88.9% 12K $999,066
Lazard Asset Management LLC Active manager −92K −52.3% 84K $7.1M

New positions

largest by value
InstitutionSharesValue June 30, 2026
Forest Avenue Capital Management LP 1.5M $132M
Alyeska Investment Group, L.P.Hedge fund 724K $61.7M
Jacobs Levy Equity Management, IncActive manager 659K $56.1M
Emerald Advisers, LLC 654K $55.7M
Yaupon Capital Management LPHedge fund 627K $53.5M
Nomura Asset Management International Inc. 555K $47.3M
Emerald Mutual Fund Advisers Trust 426K $36.3M
Qube Research & Technologies LtdHedge fund 389K $33.1M
Jane Street Group, LLC 281K $24M
Zimmer Partners, LPHedge fund 248K $21.1M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Shannon River Fund Management LLCHedge fund 338K $19.1M
Hiddenite Capital Partners LP 245K $13.8M
Next Century Growth Investors LLC 238K $13.4M
HBK Investments L PHedge fund 200K $11.3M
Mawer Investment Management Ltd.Active manager 134K $7.6M
Congress Asset Management CoActive manager 86K $4.8M
LMR Partners LLPHedge fund 75K $4.3M
Balyasny Asset Management L.P.Hedge fund 72K $4.1M
Waratah Capital Advisors Ltd. 68K $3.9M
Freestone Grove Partners LPHedge fund 30K $1.7M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
265
Ten largest holders
49.6%
of 13F-reported shares
Index fund managers
16.3%
of 13F-reported shares
Active managers and hedge funds
24.6%
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 37 25 17 8 +1.7M +8.8%
Index fund managers 11 0 1 0 +5.7M +68.8%
Other institutions 143 53 72 13 +6.8M +16.7%

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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