13F · Q2 2026 · portfolios as of June 30, 2026
The stocks hedge funds sold the most
It counts hedge funds and other concentrated managers that file a 13F: those who opened the position minus those who exited. It does not measure dollars.
In Q2 2026, the stock most managers dropped was Intuit (INTU): it went from 63 to 43 concentrated managers' portfolios (−20). Among those who already held it, 11 added and 20 trimmed. Next came Microsoft (MSFT, −10) and Netflix (NFLX, −10). It counts managers, not dollars or shares. The figures come from the 13F filings of 703 concentrated managers, with portfolios as of June 30, 2026.
So far in Q3 2026: 148 of 703 concentrated managers have filed
Partial count: Q3 2026 13F filings are due by November 16, 2026. The lists on this page are for Q2 2026, the latest complete quarter; they switch to Q3 2026 once 90% of managers have filed.
Sold by the most managers so far: GOOG (48), MSFT (48), AAPL (44), JNJ (29), V (29).
Another measure: the largest net dollar outflows
Shares concentrated managers cut minus those they added, valued at the 13F quarter-end implied price, not each trade's price. A stock can lose dollars and gain managers.
- 1. Seagate Technology Holdings STX · +15 managers−$6.1 bn
- 2. Taiwan Semiconductor Manufacturing TSM · +16 managers−$5.4 bn
- 3. Microsoft MSFT · −10 managers−$3.7 bn
- 4. NVIDIA NVDA · +12 managers−$2.9 bn
- 5. Sandisk SNDK · +13 managers−$2.6 bn
The 20 stocks most managers dropped in Q2 2026
The big number is the net change in how many concentrated managers hold the stock (opened minus exited), and below it, from how many to how many. Not dollars or shares; each row also shows what those who already held it did.
- 1IntuitINTU5 opened · 24 exited · 1 fewer with no comparable data · net flow −$713MAlready held it: 11 added, 20 trimmed−2063 → 43
- 2MicrosoftMSFT6 opened · 16 exited · net flow −$3.7 bnAlready held it: 66 added, 107 trimmed−10265 → 255
- 3NetflixNFLX11 opened · 22 exited · 1 more with no comparable data · net flow −$519MAlready held it: 22 added, 33 trimmed−1094 → 84
- 4SalesforceCRM4 opened · 14 exited · net flow −$250MAlready held it: 8 added, 20 trimmed−1049 → 39
- 5ZoetisZTS6 opened · 13 exited · 2 fewer with no comparable data · net flow −$312MAlready held it: 8 added, 13 trimmed−939 → 30
- 6ServiceNowNOW4 opened · 11 exited · 1 fewer with no comparable data · net flow −$589MAlready held it: 19 added, 18 trimmed−857 → 49
- 7NikeNKE2 opened · 10 exited · net flow −$146MAlready held it: 6 added, 13 trimmed−836 → 28
- 8Boston ScientificBSX7 opened · 16 exited · 1 more with no comparable data · net flow −$295MAlready held it: 10 added, 7 trimmed−834 → 26
- 9Flutter EntertainmentFLUT0 opened · 8 exited · net flow −$706MAlready held it: 5 added, 4 trimmed−817 → 9
- 10EchoStarECHO5 opened · 11 exited · 1 fewer with no comparable data · net flow −$612MAlready held it: 6 added, 5 trimmed−727 → 20
- 11Akamai TechnologiesAKAM2 opened · 10 exited · 1 more with no comparable data · net flow −$351MAlready held it: 2 added, 3 trimmed−717 → 10
- 12MercadoLibreMELI3 opened · 9 exited · net flow +$1.6 bnAlready held it: 21 added, 23 trimmed−664 → 58
- 13Booking HoldingsBKNG7 opened · 13 exited · net flow −$2.2 bnAlready held it: 9 added, 24 trimmed−657 → 51
- 14Honeywell InternationalHON4 opened · 10 exited · net flow +$60.2MAlready held it: 8 added, 6 trimmed−636 → 30
- 15IconICLR2 opened · 8 exited · net flow −$314MAlready held it: 7 added, 5 trimmed−624 → 18
- 16EQTEQT1 opened · 7 exited · net flow +$309MAlready held it: 3 added, 5 trimmed−622 → 16
- 17Compass TherapeuticsCMPX1 opened · 7 exited · net flow −$39.1MAlready held it: 3 added, 1 trimmed−611 → 5
- 18Fulcrum TherapeuticsFULC2 opened · 8 exited · net flow −$8.3MAlready held it: 0 added, 0 trimmed−68 → 2
- 19Birkenstock HoldingBIRK0 opened · 6 exited · net flow −$90.8MAlready held it: 0 added, 2 trimmed−68 → 2
- 20AdobeADBE3 opened · 8 exited · net flow −$324MAlready held it: 5 added, 20 trimmed−544 → 39
How it is calculated
What a 13F is. The form on which managers running more than US$ 100 million disclose their US stock positions to the SEC, four times a year. It is filed up to 45 days after each quarter ends. More about the 13F.
Who the concentrated managers are. Of everyone filing a 13F, only concentrated managers are counted here: 703 with a portfolio this quarter. The group is defined by the shape of the portfolio (5 to 100 stocks, at least 45% in the top 10 positions and low turnover), not by size, fame or results: it includes small firms and filers with an unverified type, and each one weighs the same. Operating companies, banks, foundations, pension funds and private equity are left out when a document tells us so. See the methodology.
How it is counted. For each stock we count how many concentrated managers held it at the end of the previous quarter and how many at the end of this one; the order is by the difference. “Opened”: they did not hold it and now do; “exited”: they sold it entirely. “No comparable data”: managers whose previous portfolio cannot be compared (first 13F, or they did not file), plus spin-offs and corporate exits. Opened − exited ± no comparable data always equals the difference shown. What it does not measure: not dollars, shares or the size of each purchase (a 0.1% position counts the same as a 20% one). A stock can rank first with more new holders while most of those who already held it are trimming. They are commonly called “most bought” and “most sold”; here they are named after what they count.
It is a snapshot of a quarter that has already closed. Portfolios are as of June 30, 2026 and became public up to August 14, 2026, the filing deadline. They may have changed since. A 13F does not include short positions, bonds, cash or stocks not listed in the United States.
Data date: portfolios as of June 30, 2026 · filing deadline: August 14, 2026 · next update: with the Q3 2026 13F filings, due November 16, 2026.
Source: 13F filings with the SEC. This is research information: it describes what managers reported and is not investment advice.