Largest Hedge Fund Sells

Source: Form 13F-HR filings on SEC EDGAR for Q2 2026 and Q1 2026. Only filers that reported both quarters are compared, so a manager that has not filed, or that moved its reporting to another filing entity, is not counted as selling. Filers whose reported portfolio changed far more than the market between the two quarters are also left out of the comparison.

Net value sold is the change in shares held across those filers, valued at the quarter-end price implied by the filings. Share counts are adjusted for stock splits. Option positions (puts and calls), convertible notes and preferred shares are excluded, as are ETFs, closed-end funds and SPACs.

Also excluded: companies that first appeared in 13F filings this quarter (IPOs and spin-offs, where every position is new), companies whose shares outstanding changed by more than about 20% (mergers paid in stock, reverse splits), companies no longer trading, and any stock whose filed values do not agree with its market price. The largest seller is the single filer with the biggest change in shares.