Royalty Pharma plc: which funds bought and sold

Institutions that bought and sold Royalty Pharma 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, 384 institutions that filed 13F reports for both quarters added to or opened positions in Royalty Pharma, and 218 cut or closed them. Together they added a net 6.7M shares, +1.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 1.8M shares (−1.4%); index fund managers were net buyers of 5.1M shares (+8.3%). 93 opened a new position and 42 sold out entirely.

Bought, Q2 2026 384 institutions, 93 of them new holders Sold, Q2 2026 218 institutions, 42 of them sold out

Net change, all compared +6.7M shares (+1.9%)

Net change, active managers −1.8M shares (−1.4%), 42 bought, 32 sold

Buyers versus sellers

institutions compared, 671

384 bought 69 218 sold

Active managers and hedge funds 42 bought · 32 sold · −1.8M

Index fund managers 11 bought · 1 sold · +5.1M

Other institutions 331 bought · 185 sold · +3.5M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Price T Rowe Associates Inc Active manager	+9.3M +478.7%	11.2M	$628M
Blackrock, Inc. Index funds	+1.9M +7.4%	27.8M	$1.6B
Nordea Investment Management AB	+1.8M +227.0%	2.6M	$146M
Capital World Investors Active manager	+1.5M +18.4%	9.5M	$534M
State Street Corp Index funds	+1.3M +12.3%	12.3M	$692M
UBS Group AG	+1.3M +73.5%	3.1M	$176M
Renaissance Technologies LLC Hedge fund	+1.1M +144.7%	1.9M	$109M
Northern Trust Corp Index funds	+910K +23.9%	4.7M	$265M
Caisse De Depot Et Placement Du Quebec	+786K +360.5%	1.0M	$56.3M
Daiwa Securities Group Inc.	+707K +1690.8%	749K	$42M
Two Sigma Investments, LP Hedge fund	+669K +29.7%	2.9M	$164M
Bank Of America Corp	+654K +18.7%	4.1M	$233M
Davern Capital Partners, LP	+636K +122.3%	1.2M	$64.8M
Amundi	+635K +20.6%	3.7M	$209M
Mariner, LLC	+563K +430.8%	693K	$38.9M
AQR Capital Management LLC Hedge fund	+523K +13.8%	4.3M	$241M
Royal London Asset Management Ltd	+511K +13.4%	4.3M	$242M
Invesco Ltd.	+480K +12.8%	4.2M	$237M
Achmea Investment Management B.V.	+442K +1353.4%	475K	$26.6M
Legal & General Group PLC	+438K +13.0%	3.8M	$213M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Price T Rowe Associates Inc Active manager	+9.3M +478.7%	11.2M	$628M
Capital World Investors Active manager	+1.5M +18.4%	9.5M	$534M
Renaissance Technologies LLC Hedge fund	+1.1M +144.7%	1.9M	$109M
Two Sigma Investments, LP Hedge fund	+669K +29.7%	2.9M	$164M
AQR Capital Management LLC Hedge fund	+523K +13.8%	4.3M	$241M
Arrowstreet Capital, Limited Partnership Hedge fund	+425K +21.1%	2.4M	$137M
Marshall Wace, LLP Hedge fund	+330K +15.6%	2.5M	$137M
Franklin Resources Inc Active manager	+290K +16.9%	2.0M	$113M
Capital International Investors Active manager	+268K +0.8%	35.3M	$2B
Barrow Hanley Mewhinney & Strauss LLC Active manager	+268K New position	268K	$15M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Baillie Gifford & Co Active manager	−6.1M −38.0%	10.0M	$562M
Adage Capital Partners Gp, L.L.C. Hedge fund	−5.0M −66.6%	2.5M	$140M
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC	−3.1M −99.9%	3,453	$193,610
Jane Street Group, LLC	−2.3M −97.8%	53K	$3M
Caledonia (Private) Investments Pty Ltd	−1.4M −19.4%	5.8M	$324M
Citadel Advisors LLC Hedge fund	−1.3M −49.5%	1.4M	$76M
Squarepoint Ops LLC Hedge fund	−1.0M −75.8%	327K	$18.3M
Swedbank AB	−860K −7.4%	10.7M	$601M
Pfa Pension, Forsikringsaktieselskab	−857K −76.6%	262K	$14.7M
Pacer Advisors, Inc.	−689K Sold out	0	—
Morgan Stanley	−640K −1.5%	42.9M	$2.4B
FMR LLC Active manager	−638K −2.5%	24.5M	$1.4B
Freestone Grove Partners LP Hedge fund	−612K −99.2%	4,670	$261,847
D. E. Shaw & Co., Inc. Hedge fund	−597K −53.2%	525K	$29.4M
Ensign Peak Advisors, Inc	−506K −54.3%	427K	$23.9M
Farallon Capital Management, L.L.C. Hedge fund	−493K Sold out	0	—
Point72 Asset Management, L.P. Hedge fund	−383K −78.3%	107K	$6M
HSBC Holdings PLC	−319K −20.7%	1.2M	$68.8M
New South Capital Management Inc	−240K −9.1%	2.4M	$134M
Man Group PLC Hedge fund	−235K −58.6%	167K	$9.3M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Baillie Gifford & Co Active manager	−6.1M −38.0%	10.0M	$562M
Adage Capital Partners Gp, L.L.C. Hedge fund	−5.0M −66.6%	2.5M	$140M
Citadel Advisors LLC Hedge fund	−1.3M −49.5%	1.4M	$76M
Squarepoint Ops LLC Hedge fund	−1.0M −75.8%	327K	$18.3M
FMR LLC Active manager	−638K −2.5%	24.5M	$1.4B
Freestone Grove Partners LP Hedge fund	−612K −99.2%	4,670	$261,847
D. E. Shaw & Co., Inc. Hedge fund	−597K −53.2%	525K	$29.4M
Farallon Capital Management, L.L.C. Hedge fund	−493K Sold out	0	—
Point72 Asset Management, L.P. Hedge fund	−383K −78.3%	107K	$6M
Man Group PLC Hedge fund	−235K −58.6%	167K	$9.3M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Barrow Hanley Mewhinney & Strauss LLCActive manager	268K	$15M
Panagora Asset Management IncActive manager	240K	$13.5M
Bridgewater Associates, LPHedge fund	220K	$12.3M
Canada Life Assurance Co	185K	$10.4M
Triasima Portfolio Management Inc.	181K	$10.1M
Kepler Cheuvreux (Suisse) SA	160K	$9M
Lynwood Price Capital Management LP	143K	$8M
Bank Of Montreal	131K	$7.3M
Zurich Insurance Group Ltd	131K	$7.3M
Asr Vermogensbeheer N.V.	122K	$6.9M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Pacer Advisors, Inc.	689K	$33.1M
Farallon Capital Management, L.L.C.Hedge fund	493K	$23.6M
HRT Financial LP	203K	$9.7M
Alyeska Investment Group, L.P.Hedge fund	150K	$7.2M
Taproot Management LP	130K	$6.2M
Exoduspoint Capital Management, LPHedge fund	124K	$5.9M
Ieq Capital, LLC	105K	$5M
Y-Intercept (Hong Kong) Ltd	73K	$3.5M
Jain Global LLCHedge fund	66K	$3.2M
Mn Services Vermogensbeheer B.V.	59K	$2.8M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 641
Ten largest holders: 52.5%
Index fund managers: 18.0%
Active managers and hedge funds: 35.0%

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	42	32	13	5	−1.8M	−1.4%
Index fund managers	11	1	1	0	+5.1M	+8.3%
Other institutions	331	185	79	37	+3.5M	+2.1%

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 Royalty Pharma.

Only managers that filed a holdings report for both quarters are compared (671 here). 24 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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