Rayonier Advanced Materials Inc.: which funds bought and sold

Institutions that bought and sold Rayonier Advanced Materials 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, 95 institutions that filed 13F reports for both quarters added to or opened positions in Rayonier Advanced Materials, and 69 cut or closed them. Together they added a net 375K shares, +0.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 69K shares (−0.5%); index fund managers were net buyers of 191K shares (+1.4%). 36 opened a new position and 21 sold out entirely.

Bought, Q2 2026 95 institutions, 36 of them new holders Sold, Q2 2026 69 institutions, 21 of them sold out

Net change, all compared +375K shares (+0.7%)

Net change, active managers −69K shares (−0.5%), 21 bought, 18 sold

Buyers versus sellers

institutions compared, 204

95 bought 40 69 sold

Active managers and hedge funds 21 bought · 18 sold · −69K

Index fund managers 7 bought · 3 sold · +191K

Other institutions 67 bought · 48 sold · +253K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Nantahala Capital Management, LLC Hedge fund	+1.8M +112.2%	3.4M	$26.7M
Goldman Sachs Group Inc	+409K +106.9%	792K	$6.2M
Jefferies Financial Group Inc.	+376K New position	376K	$3M
Hudson Bay Capital Management LP Hedge fund	+338K +216.7%	494K	$3.9M
Creek Drive Management Group LLC	+323K +218.6%	470K	$3.7M
Vanguard Portfolio Management LLC Index funds	+311K +83.7%	683K	$5.4M
Governors Lane LP Hedge fund	+307K New position	307K	$2.4M
K2 Principal Fund, L.P.	+295K +92.2%	616K	$4.8M
Jump Financial, LLC	+242K +1085.9%	264K	$2.1M
Citadel Advisors LLC Hedge fund	+229K +177.4%	358K	$2.8M
Squarepoint Ops LLC Hedge fund	+213K New position	213K	$1.7M
Two Sigma Investments, LP Hedge fund	+163K +390.6%	205K	$1.6M
Quantinno Capital Management LP	+158K +177.6%	248K	$1.9M
Schonfeld Strategic Advisors LLC Hedge fund	+153K New position	153K	$1.2M
Jpmorgan Chase & Co	+143K +12.9%	1.3M	$9.9M
Point72 Asset Management, L.P. Hedge fund	+134K +82.1%	297K	$2.3M
Bluefin Capital Management, LLC	+116K New position	116K	$909,614
Rangeley Capital, LLC	+105K New position	105K	$823,791
Focus Partners Wealth	+104K New position	104K	$814,493
Nuveen, LLC	+103K +78.6%	235K	$1.8M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Nantahala Capital Management, LLC Hedge fund	+1.8M +112.2%	3.4M	$26.7M
Hudson Bay Capital Management LP Hedge fund	+338K +216.7%	494K	$3.9M
Governors Lane LP Hedge fund	+307K New position	307K	$2.4M
Citadel Advisors LLC Hedge fund	+229K +177.4%	358K	$2.8M
Squarepoint Ops LLC Hedge fund	+213K New position	213K	$1.7M
Two Sigma Investments, LP Hedge fund	+163K +390.6%	205K	$1.6M
Schonfeld Strategic Advisors LLC Hedge fund	+153K New position	153K	$1.2M
Point72 Asset Management, L.P. Hedge fund	+134K +82.1%	297K	$2.3M
Los Angeles Capital Management LLC Active manager	+77K New position	77K	$607,971
D. E. Shaw & Co., Inc. Hedge fund	+48K +3.0%	1.6M	$12.9M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Irenic Capital Management LP Hedge fund	−1.4M Sold out	0	—
American Century Companies Inc Active manager	−946K −37.8%	1.6M	$12.3M
Jane Street Group, LLC	−636K Sold out	0	—
Saddlerock Capital Management LLC	−512K Sold out	0	—
Charles Schwab Investment Management Inc Index funds	−473K −29.6%	1.1M	$8.9M
Park West Asset Management LLC Hedge fund	−442K Sold out	0	—
UBS Group AG	−349K −45.0%	426K	$3.3M
Acadian Asset Management LLC Active manager	−297K −74.0%	104K	$818,000
Susquehanna International Group, LLP	−251K −84.4%	46K	$364,657
Dimensional Fund Advisors LP	−196K −5.6%	3.3M	$25.9M
Lazard Asset Management LLC Active manager	−194K Sold out	0	—
Assenagon Asset Management S.A.	−150K −35.5%	273K	$2.1M
Invesco Ltd.	−144K −51.7%	134K	$1.1M
Soviero Asset Management, LP	−120K −25.0%	360K	$2.8M
Cinctive Capital Management LP Hedge fund	−85K Sold out	0	—
Trexquant Investment LP Hedge fund	−78K Sold out	0	—
Millennium Management LLC Hedge fund	−74K −78.1%	21K	$162,152
Renaissance Technologies LLC Hedge fund	−66K −4.1%	1.6M	$12.3M
Walnut Level Capital LLC	−61K Sold out	0	—
Walleye Trading LLC	−58K −71.6%	23K	$182,226

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Irenic Capital Management LP Hedge fund	−1.4M Sold out	0	—
American Century Companies Inc Active manager	−946K −37.8%	1.6M	$12.3M
Park West Asset Management LLC Hedge fund	−442K Sold out	0	—
Acadian Asset Management LLC Active manager	−297K −74.0%	104K	$818,000
Lazard Asset Management LLC Active manager	−194K Sold out	0	—
Cinctive Capital Management LP Hedge fund	−85K Sold out	0	—
Trexquant Investment LP Hedge fund	−78K Sold out	0	—
Millennium Management LLC Hedge fund	−74K −78.1%	21K	$162,152
Renaissance Technologies LLC Hedge fund	−66K −4.1%	1.6M	$12.3M
Winton Group Ltd Hedge fund	−44K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Jefferies Financial Group Inc.	376K	$3M
Governors Lane LPHedge fund	307K	$2.4M
Squarepoint Ops LLCHedge fund	213K	$1.7M
Schonfeld Strategic Advisors LLCHedge fund	153K	$1.2M
Bluefin Capital Management, LLC	116K	$909,614
Rangeley Capital, LLC	105K	$823,791
Focus Partners Wealth	104K	$814,493
Axxcess Wealth Management, LLC	96K	$751,573
Los Angeles Capital Management LLCActive manager	77K	$607,971
Proficio Capital Partners LLC	40K	$317,851

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Irenic Capital Management LPHedge fund	1.4M	$15M
Jane Street Group, LLC	636K	$7M
Saddlerock Capital Management LLC	512K	$5.7M
Park West Asset Management LLCHedge fund	442K	$4.9M
Lazard Asset Management LLCActive manager	194K	$2.1M
Cinctive Capital Management LPHedge fund	85K	$939,223
Trexquant Investment LPHedge fund	78K	$865,785
Walnut Level Capital LLC	61K	$670,023
Next Capital Management LLC	51K	$569,242
HRT Financial LP	48K	$531,000

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 186
Ten largest holders: 59.7%
Index fund managers: 25.3%
Active managers and hedge funds: 27.7%

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	21	18	10	8	−69K	−0.5%
Index fund managers	7	3	0	0	+191K	+1.4%
Other institutions	67	48	26	13	+253K	+1.0%

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 Rayonier Advanced Materials.

Only managers that filed a holdings report for both quarters are compared (204 here). 5 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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