Which hedge funds own EPU? ISHARES TR, Q2 2026 13F holders
4 of the hedge funds tracked by WhaleCreep disclosed a position in EPU (ISHARES TR) in their Q2 2026 13F filings, worth $12.5m in total. The largest holder by portfolio weight is Discovery Capital Management, LLC at 0.2% of its book. 2 managers opened a new position this quarter: Discovery Capital Management, LLC, Whitebox Advisors LLC. 1 exited: Qube Research & Technologies LTD.
Who discovered EPU first?
Earliest meaningful positions among the 3 tracked managers we observed opening EPU since Q3 2010.
1 Discovery Capital Management, LLC First reported Q3 2010 1.3%initial weight · $19.7m 0.2%still holding · 9q –stock change
Weight of Discovery Capital Management, LLC's 13F book in EPU, by quarter
- 1.3% peak weight, Q3 2010
- $19.7m peak reported value
- 9 quarters held, in 6 separate spells
- 3q before the median tracked entry
3 managers already held EPU when our coverage of them began
Citadel Advisors LLC (Q1 2026), D. E. Shaw & Co., Inc. (Q1 2026), Qube Research & Technologies LTD (Q1 2026).
Their first filing on record already includes EPU, so when they first bought it is unknown. They are not ranked above.
View discovery timeline
Dots mark the ranked managers' first reported quarters. Price is the quarter-end price implied by 13F filings, split-adjusted, shown from Q1 2026 where the series is continuous. Coverage widened in Q1 2026 from about a hundred managers to over a thousand, so holders and new holders are shown relative to the managers filing each quarter.
How this is calculated
13F filings are quarterly snapshots of long US-listed equity positions. They do not show exact purchase dates, intra-quarter trading, short positions, most derivatives, or a manager's actual performance. "First reported" is the first quarter-end filing that shows the position.
A manager is ranked only if we observed it filing, without EPU, within two quarters before its first position. Ranking is by the first quarter the position reached 1% of the manager's 13F book in a run of at least 2 filings, then by peak weight. "High conviction" means a peak weight of at least 5%.
Stock changes are the split-adjusted change in the quarter-end price implied by 13F filings, excluding dividends. They describe the stock over the period, not the return any manager earned. Phases are cut where the share of tracked managers holding EPU passed one third and two thirds of its peak.
Which hedge funds hold EPU? Current holders by portfolio weight
| Manager | As of | Weight of book | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|
| Discovery Capital Management, LLC | Q2 2026 | 0.2% | $5.2m | 62,500 | – | new |
| Whitebox Advisors LLC | Q2 2026 | 0.0% | $993.6k | 11,900 | – | new |
| Citadel Advisors LLC | Q2 2026 | 0.0% | $5.1m | 60,601 | -8% | reduced |
| D. E. Shaw & Co., Inc. | Q2 2026 | 0.0% | $1.3m | 15,180 | 484% | added |
Exited since the previous quarter
| Manager | Prior weight | Prior value |
|---|---|---|
| Qube Research & Technologies LTD | 0.0% | $73.8k |
How has hedge fund ownership of EPU changed?
| Quarter | Managers holding | Combined value |
|---|---|---|
| Q2 2026 | 4 | $12.5m |
| Q1 2026 | 3 | $5.6m |
| Q3 2023 | 1 | $491.3k |
| Q2 2023 | 1 | $499.0k |
| Q1 2023 | 1 | $496.2k |
| Q3 2021 | 1 | $2.8m |
| Q1 2019 | 1 | $275.0k |
| Q1 2018 | 1 | $353.0k |
| Q4 2017 | 1 | $287.0k |
| Q2 2016 | 1 | $3.1m |
| Q3 2014 | 1 | $1.5m |
| Q2 2014 | 1 | $1.6m |
| Q2 2013 | 1 | $9.1m |
| Q2 2011 | 1 | $2.8m |
| Q1 2011 | 1 | $10.8m |
| Q4 2010 | 1 | $16.5m |
Counts every tracked manager that disclosed EPU in that quarter's filing, including managers that have since stopped filing.