undamentalytics Newsletter

McDonald's: which funds bought and sold

Institutions that bought and sold McDonald's 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, 1,455 institutions that filed 13F reports for both quarters added to or opened positions in McDonald's, and 1,736 cut or closed them. Together they sold a net 8.0M shares, −1.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 160K shares (−0.3%); index fund managers were net buyers of 1.0M shares (+0.5%). 118 opened a new position and 244 sold out entirely.

Bought, Q2 2026 1,455 institutions, 118 of them new holders Sold, Q2 2026 1,736 institutions, 244 of them sold out
Net change, all compared −8.0M shares (−1.5%)
Net change, active managers −160K shares (−0.3%), 50 bought, 60 sold

Buyers versus sellers

institutions compared, 3,635
Active managers and hedge funds 50 bought · 60 sold · −160K
Index fund managers 6 bought · 6 sold · +1.0M
Other institutions 1,399 bought · 1,670 sold · −8.9M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Capital Research Global Investors Active manager +2.1M +30.0% 9.0M $2.4B
SG Americas Securities, LLC +864K +89.7% 1.8M $494M
Assenagon Asset Management S.A. +772K +226.3% 1.1M $301M
Franklin Resources Inc Active manager +693K +16.3% 4.9M $1.3B
State Street Corp Index funds +647K +1.8% 36.1M $9.8B
Point72 Asset Management, L.P. Hedge fund +645K New position 645K $174M
Arrowstreet Capital, Limited Partnership Hedge fund +627K +17.2% 4.3M $1.2B
Charles Schwab Investment Management Inc Index funds +620K +11.1% 6.2M $1.7B
GQG Partners LLC Active manager +601K New position 601K $163M
National Bank Of Canada +574K +79.4% 1.3M $351M
Citadel Advisors LLC Hedge fund +477K +196.1% 720K $195M
HSBC Holdings PLC +356K +25.9% 1.7M $468M
AQR Capital Management LLC Hedge fund +346K +52.5% 1.0M $270M
Bessemer Group Inc +335K +25.2% 1.7M $449M
Invesco Ltd. +273K +7.7% 3.8M $1B
Barclays PLC +233K +10.4% 2.5M $672M
Canada Pension Plan Investment Board +227K +20.0% 1.4M $368M
Connor, Clark & Lunn Investment Management Ltd. +223K +29.2% 986K $267M
Citigroup Inc +220K +22.0% 1.2M $331M
Cambridge Investment Research Advisors, Inc. +216K +102.2% 427K $115M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Jpmorgan Chase & Co −5.7M −15.2% 31.9M $8.5B
Bank Of America Corp −1.2M −9.5% 11.0M $3B
Viking Global Investors LP Hedge fund −796K −22.0% 2.8M $765M
Alyeska Investment Group, L.P. Hedge fund −756K Sold out 0 —
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC −754K −11.4% 5.8M $1.6B
California Public Employees Retirement System −745K −36.4% 1.3M $352M
Goldman Sachs Group Inc −739K −14.6% 4.3M $1.2B
Price T Rowe Associates Inc Active manager −710K −7.3% 9.0M $2.4B
TD Asset Management Inc −677K −48.8% 709K $192M
Ilex Capital Partners (UK) LLP −602K Sold out 0 —
Morgan Stanley −591K −3.8% 15.0M $4.1B
Amundi −545K −13.4% 3.5M $952M
Alliancebernstein L.P. Active manager −445K −22.8% 1.5M $467M
Marshall Wace, LLP Hedge fund −427K −77.7% 123K $33.2M
Nuveen, LLC −420K −12.5% 2.9M $795M
FMR LLC Active manager −407K −11.3% 3.2M $863M
Squarepoint Ops LLC Hedge fund −403K −80.8% 96K $25.9M
Legal & General Group PLC −343K −7.2% 4.4M $1.2B
Wellington Management Group LLP Active manager −339K −9.9% 3.1M $831M
Vanguard Portfolio Management LLC Index funds −323K −1.7% 18.8M $5.1B

New positions

largest by value
InstitutionSharesValue June 30, 2026
Point72 Asset Management, L.P.Hedge fund 645K $174M
GQG Partners LLCActive manager 601K $163M
Miller Howard Investments Inc 196K $52.9M
Susquehanna Fundamental Investments, LLC 128K $34.6M
Bcv Asset Management Inc. 117K $31.4M
Voloridge Investment Management, LLCHedge fund 88K $23.8M
B&D White Capital Company, LLC 80K $21.5M
Carlson Capital, L.P. 56K $15.1M
Barrow Hanley Mewhinney & Strauss LLCActive manager 52K $14.1M
Ceredex Value Advisors LLC 48K $13M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Alyeska Investment Group, L.P.Hedge fund 756K $235M
Ilex Capital Partners (UK) LLP 602K $187M
Maverick Capital LtdHedge fund 294K $91.4M
Freestone Grove Partners LPHedge fund 290K $90.2M
Cartenna Capital, LP 220K $68.4M
Zurich Insurance Group Ltd 183K $57M
Nearwater Capital Markets, Ltd 109K $33.9M
Westwood Holdings Group IncActive manager 100K $31M
Acadian Asset Management LLCActive manager 82K $25.6M
HRT Financial LP 82K $25.5M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
3,451
Ten largest holders
47.7%
of 13F-reported shares
Index fund managers
36.9%
of 13F-reported shares
Active managers and hedge funds
10.7%
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 50 60 11 12 −160K −0.3%
Index fund managers 6 6 0 0 +1.0M +0.5%
Other institutions 1,399 1,670 107 232 −8.9M −3.3%

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.

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