What Are Hedge Funds Selling Right Now?

By 18 September 20263 min read13FSuper InvestorsHedge Funds
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?

FundQuarterPositions trimmedPositions addedNew positions
CITADEL ADVISORS LLCQ2 20261,9442,208899
MILLENNIUM MANAGEMENT LLCQ2 20261,4401,247409
TWO SIGMA INVESTMENTS, LPQ2 20261,3041,410465
RENAISSANCE TECHNOLOGIES LLCQ2 20261,274921487
D. E. Shaw & Co., Inc.Q2 20261,0711,146455
MARSHALL WACE, LLPQ2 2026940863577
AQR CAPITAL MANAGEMENT LLCQ2 20269072,233205
Point72 Asset Management, L.P.Q2 2026589539549
ARROWSTREET CAPITAL, LIMITED PARTNERSHIPQ2 2026499754339
Gotham Asset Management, LLCQ2 2026485762152

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.

Get the next piece in your inbox

One well-researched article at a time. No spam, unsubscribe in one click.

No spam, no selling your address, unsubscribe in one click. The tools stay free either way.

Keep exploring: browse the stocks we cover or see what the super investors hold.