Liquidity Services Inc: which funds bought and sold

Institutions that bought and sold Liquidity Services 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, 119 institutions that filed 13F reports for both quarters added to or opened positions in Liquidity Services, and 73 cut or closed them. Together they added a net 361K 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 20K shares (+0.3%); index fund managers were net buyers of 302K shares (+4.2%). 42 opened a new position and 10 sold out entirely.

Bought, Q2 2026 119 institutions, 42 of them new holders Sold, Q2 2026 73 institutions, 10 of them sold out

Net change, all compared +361K shares (+1.5%)

Net change, active managers +20K shares (+0.3%), 20 bought, 13 sold

Buyers versus sellers

institutions compared, 225

119 bought 33 73 sold

Active managers and hedge funds 20 bought · 13 sold · +20K

Index fund managers 7 bought · 2 sold · +302K

Other institutions 92 bought · 58 sold · +40K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Acadian Asset Management LLC Active manager	+303K +37.3%	1.1M	$43.7M
Blackrock, Inc. Index funds	+193K +5.7%	3.6M	$141M
Goldman Sachs Group Inc	+102K +37.4%	374K	$14.6M
Ameriprise Financial Inc	+92K +6.3%	1.5M	$60.2M
Ranger Investment Management, L.P. Active manager	+83K New position	83K	$3.3M
Russell Investments Group, Ltd.	+83K +168.1%	132K	$5.2M
Nuveen, LLC	+72K +142.8%	123K	$4.8M
Vanguard Capital Management LLC Index funds	+72K +7.9%	981K	$38.4M
Willis Investment Counsel	+61K +46.1%	193K	$7.6M
State Street Corp Index funds	+52K +6.0%	923K	$36.1M
Invesco Ltd.	+49K +36.6%	182K	$7.1M
Qube Research & Technologies Ltd Hedge fund	+45K +26.5%	216K	$8.5M
Geode Capital Management, LLC Index funds	+39K +6.7%	618K	$24.2M
Mackenzie Financial Corp	+37K +30.5%	160K	$6.2M
Punch & Associates Investment Management, Inc.	+34K +3.7%	955K	$37.3M
Argent Capital Management LLC	+23K New position	23K	$904,494
Select Equity Group, L.P. Active manager	+23K +4.9%	485K	$19M
BNP Paribas Financial Markets	+22K +323.8%	29K	$1.1M
Exoduspoint Capital Management, LP Hedge fund	+22K +41.6%	73K	$2.9M
Susquehanna Fundamental Investments, LLC	+21K New position	21K	$810,136

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Acadian Asset Management LLC Active manager	+303K +37.3%	1.1M	$43.7M
Ranger Investment Management, L.P. Active manager	+83K New position	83K	$3.3M
Qube Research & Technologies Ltd Hedge fund	+45K +26.5%	216K	$8.5M
Select Equity Group, L.P. Active manager	+23K +4.9%	485K	$19M
Exoduspoint Capital Management, LP Hedge fund	+22K +41.6%	73K	$2.9M
Algert Global LLC Hedge fund	+20K +49.8%	59K	$2.3M
Citadel Advisors LLC Hedge fund	+19K +71.7%	44K	$1.7M
AQR Capital Management LLC Hedge fund	+17K +37.3%	63K	$2.5M
Royce & Associates LP Active manager	+16K +4.7%	357K	$14M
D. E. Shaw & Co., Inc. Hedge fund	+14K +9.0%	169K	$6.6M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Staley Capital Advisers Inc	−309K −57.4%	230K	$9M
Millennium Management LLC Hedge fund	−261K −92.3%	22K	$851,603
Arrowstreet Capital, Limited Partnership Hedge fund	−110K −61.2%	70K	$2.7M
Point72 Asset Management, L.P. Hedge fund	−87K −93.1%	6,412	$250,837
Jane Street Group, LLC	−82K Sold out	0	—
Aristotle Capital Boston, LLC	−80K −14.7%	460K	$18M
Vanguard Portfolio Management LLC Index funds	−77K −10.4%	661K	$25.9M
Penserra Capital Management LLC	−62K −47.8%	68K	$2.7M
Renaissance Technologies LLC Hedge fund	−62K −4.1%	1.4M	$56.3M
Prudential Financial Inc	−60K −22.7%	206K	$8M
Silvercrest Asset Management Group LLC	−42K −8.0%	480K	$18.8M
UBS Group AG	−30K −72.7%	11K	$435,836
Two Sigma Investments, LP Hedge fund	−27K −22.3%	94K	$3.7M
Squarepoint Ops LLC Hedge fund	−23K −40.4%	33K	$1.3M
HRT Financial LP	−22K Sold out	0	—
Sei Investments Co	−19K −10.0%	174K	$6.8M
Access Investment Management LLC	−19K −9.6%	181K	$7.1M
Unique Wealth Strategies, LLC	−18K Sold out	0	—
Xtx Topco Ltd	−16K −73.6%	5,769	$225,683
Tidal Investments LLC	−14K −68.1%	6,423	$251,268

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	−261K −92.3%	22K	$851,603
Arrowstreet Capital, Limited Partnership Hedge fund	−110K −61.2%	70K	$2.7M
Point72 Asset Management, L.P. Hedge fund	−87K −93.1%	6,412	$250,837
Renaissance Technologies LLC Hedge fund	−62K −4.1%	1.4M	$56.3M
Two Sigma Investments, LP Hedge fund	−27K −22.3%	94K	$3.7M
Squarepoint Ops LLC Hedge fund	−23K −40.4%	33K	$1.3M
Wellington Management Group LLP Active manager	−12K −1.4%	839K	$32.8M
Intech Investment Management LLC Active manager	−9,385 −13.3%	61K	$2.4M
Man Group PLC Hedge fund	−8,546 −12.1%	62K	$2.4M
Victory Capital Management Inc Active manager	−3,933 −2.9%	133K	$5.2M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Ranger Investment Management, L.P.Active manager	83K	$3.3M
Argent Capital Management LLC	23K	$904,494
Susquehanna Fundamental Investments, LLC	21K	$810,136
Great Lakes Advisors, LLC	20K	$774,028
Guggenheim Capital LLC	18K	$710,928
Aquatic Capital Management LLC	16K	$633,001
Diametric Capital, LP	15K	$586,291
Empowered Funds, LLC	15K	$569,627
Amundi	13K	$511,260
Jump Financial, LLC	13K	$500,580

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Jane Street Group, LLC	82K	$2.5M
HRT Financial LP	22K	$669,000
Unique Wealth Strategies, LLC	18K	$548,483
Sigma Planning Corp	12K	$357,669
Varcov Co.	9,433	$288,367
Dark Forest Capital Management LP	8,721	$266,601
Dynamic Technology Lab Private Ltd	8,070	$246,700
Quadrant Capital Group LLC	1,632	$49,891
Sound Income Strategies, LLC	63	$1,944
Mai Capital Management	36	$1,101

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 220
Ten largest holders: 55.2%
Index fund managers: 30.2%
Active managers and hedge funds: 24.5%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	20	13	4	0	+20K	+0.3%
Index fund managers	7	2	0	0	+302K	+4.2%
Other institutions	92	58	38	10	+40K	+0.3%

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.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Liquidity Services.

Only managers that filed a holdings report for both quarters are compared (225 here). 7 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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