What Are Hedge Funds Selling Right Now?
The short answer. Selling is visible in 13F filings only as a fall in share count between two quarters, and only for US-listed equities. The tables below are read live from the most recent filings and show the largest disclosed reductions — positions cut by more than a quarter — and the managers who trimmed the most names.
Checked 1 October 2026. Last change to the facts below: the Q2 2026 13F filings of 14 August 2026. If those dates are far apart, the legislative position may have moved since this was last edited.
Which positions were cut the most?
_The largest disclosed reductions could not be read from the database just now. This page builds its figures live rather than storing them, so it will fill back in on its own once the query answers._
Positions reduced by more than 25% in share count between consecutive filings, ranked by what is left. A large remaining value beside a large cut is usually the more interesting row: it is a manager reducing conviction rather than closing a trade.
Which managers trimmed the most names?
| Fund | Quarter | Positions trimmed | Positions added | New positions |
|---|---|---|---|---|
| CITADEL ADVISORS LLC | Q2 2026 | 1,944 | 2,208 | 899 |
| MILLENNIUM MANAGEMENT LLC | Q2 2026 | 1,440 | 1,247 | 409 |
| TWO SIGMA INVESTMENTS, LP | Q2 2026 | 1,304 | 1,410 | 465 |
| RENAISSANCE TECHNOLOGIES LLC | Q2 2026 | 1,274 | 921 | 487 |
| D. E. Shaw & Co., Inc. | Q2 2026 | 1,071 | 1,146 | 455 |
| MARSHALL WACE, LLP | Q2 2026 | 940 | 863 | 577 |
| AQR CAPITAL MANAGEMENT LLC | Q2 2026 | 907 | 2,233 | 205 |
| Point72 Asset Management, L.P. | Q2 2026 | 589 | 539 | 549 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Q2 2026 | 499 | 754 | 339 |
| Gotham Asset Management, LLC | Q2 2026 | 485 | 762 | 152 |
Why is a 13F a bad way to watch selling?
Because it is silent in exactly the cases you would most want to hear about. A fund that sold everything files a smaller form, or none, and the absence looks like nothing. A fund that hedged a position with options or a short discloses neither, so a position that looks untouched may be fully neutralised. And nothing here distinguishes a manager's decision to sell from a client redemption forcing one.
Additions are noisy but honest. Reductions are noisy and incomplete. Weight your reading accordingly.
Does a big fund selling tell you anything?
Rarely on its own. The filing is 45 to 135 days old by the time you see it, the reason is never given, and the single most common cause of a position shrinking — a fund taking money out to meet redemptions — has nothing to do with the company at all.
The pattern that carries slightly more information is agreement: many unrelated managers reducing the same name in the same quarter is a harder thing to explain away than one manager doing it.
What this page cannot tell you
Prices, dates and reasons. A 13F reports a share count at a quarter end and nothing about how it changed.
Educational information, not financial advice. Figures on this page are read from the source filings when the page loads rather than written into the article. Dated events — votes, appointments, filings — are written down with their date and source, because those do not change.
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