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1,198 hedge funds and large institutions have $15.4B invested in Dow Inc in 2026 Q2 according to their latest regulatory filings, with 141 funds opening new positions, 404 increasing their positions, 449 reducing their positions, and 231 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.53% more ownership

Funds ownership: 71.59%78.11% (+6.5%)

9% less funds holding

Funds holding: 1,3151,198 (-117)

10% less repeat investments, than reductions

Existing positions increased: 404 | Existing positions reduced: 449

17% less call options, than puts

Call options by funds: $510M | Put options by funds: $612M

28% less capital invested

Capital invested by funds: $21.4B → $15.4B (-$5.95B)

39% less first-time investments, than exits

New positions opened: 141 | Existing positions closed: 231

83% less funds holding in top 10

Funds holding in top 10: 122 (-10)

Holders
1,198
Holders Change
-117
Holders Change %
-8.9%
% of All Funds
14.48%
Holding in Top 10
2
Holding in Top 10 Change
-10
Holding in Top 10 Change %
-83.33%
% of All Funds
0.02%
New
141
Increased
404
Reduced
449
Closed
231
Calls
$510M
Puts
$612M
Net Calls
-$103M
Net Calls Change
-$172M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$1.69B +$305M +8,405,052 +16%
Vanguard Capital Management
2
Vanguard Capital Management
Pennsylvania
$1.29B +$30.4M +837,193 +2%
State Street
3
State Street
Massachusetts
$1.04B +$100M +2,756,021 +8%
Vanguard Portfolio Management
4
Vanguard Portfolio Management
Pennsylvania
$955M +$74.5M +2,051,568 +6%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$525M +$18.3M +503,058 +3%
Two Sigma Investments
6
Two Sigma Investments
New York
$489M +$485M +13,367,989 +297%
Capital World Investors
7
Capital World Investors
California
$431M +$314M +8,641,482 +122%
AQR Capital Management
8
AQR Capital Management
Connecticut
$430M +$195M +5,381,487 +52%
Morgan Stanley
9
Morgan Stanley
New York
$413M +$40.8M +1,123,029 +8%
Pzena Investment Management
10
Pzena Investment Management
New York
$342M -$234M -6,440,591 -34%
Invesco
11
Invesco
Georgia
$265M +$1.35M +37,074 +0.4%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$257M +$43.5M +1,199,188 +15%
Norges Bank
13
Norges Bank
Norway
$255M +$338M +9,303,665 New
Goldman Sachs
14
Goldman Sachs
New York
$241M +$94M +2,591,081 +42%
Charles Schwab
15
Charles Schwab
California
$215M +$1.53M +42,024 +0.5%
D.E. Shaw & Co
16
D.E. Shaw & Co
New York
$200M +$152M +4,179,797 +133%
Qube Research & Technologies (QRT)
17
Qube Research & Technologies (QRT)
United Kingdom
$188M +$250M +6,879,031 New
Northern Trust
18
Northern Trust
Illinois
$181M -$3.45M -95,132 -1%
Voloridge Investment Management
19
Voloridge Investment Management
Florida
$176M +$162M +4,464,192 +226%
Bank of America
20
Bank of America
North Carolina
$168M +$19.7M +543,203 +10%
UBS Group
21
UBS Group
Switzerland
$161M +$32.9M +906,426 +18%
Marshall Wace
22
Marshall Wace
United Kingdom
$159M +$3.23M +89,018 +2%
Neuberger Berman Group
23
Neuberger Berman Group
New York
$144M -$28.3M -780,091 -13%
Dimensional Fund Advisors
24
Dimensional Fund Advisors
Texas
$138M +$34.7M +957,425 +23%
State Farm Mutual Automobile Insurance
25
State Farm Mutual Automobile Insurance
Illinois
$132M

DOW Hedge Fund Activity: Q2 2026 in Review

1,198 of the 8,275 institutional investors tracked by Wall St. Rank reported a position in Dow Inc (DOW) for Q2 2026, worth a combined $15.4B — down 28% from $21.4B a quarter earlier.

Sellers outnumbered buyers: 231 funds closed out of DOW and 141 opened new positions — a net loss of 90 holders — while 449 trimmed existing stakes and 404 added.

The largest buyer was Two Sigma Investments, adding an estimated $485M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $381M sold.

  • 1,198 institutional investors held Dow Inc (DOW) as of Q2 2026, down from 1,315 in Q1 2026.
  • Funds reported $15.4B of Dow Inc stock for Q2 2026, down 28% quarter-over-quarter.
  • 141 funds opened new Dow Inc positions in Q2 2026 and 231 closed out, a net change of -90 holders.
  • The largest Dow Inc buyer in Q2 2026 was Two Sigma Investments, an estimated $485M added.
  • The largest Dow Inc seller in Q2 2026 was Capital Research Global Investors, an estimated $381M sold.

Based on aggregated 13F filings for Q2 2026.