1,179 hedge funds and large institutions have $41.3B invested in Airbnb in 2025 Q3 according to their latest regulatory filings, with 144 funds opening new positions, 458 increasing their positions, 411 reducing their positions, and 156 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more ownership

Funds ownership:

less first-time investments, than exits

New positions opened: | Existing positions closed:

less funds holding

Funds holding:

7% less capital invested

Capital invested by funds: $44.4B → $41.3B (-$3.09B)

16% less funds holding in top 10

Funds holding in top 10: 3126 (-5)

19% less call options, than puts

Call options by funds: $1.41B | Put options by funds: $1.73B

Holders
1,179
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
26
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$1.41B
Puts
$1.73B
Net Calls
Net Calls Change

Top Buyers

1 +$506M
2 +$359M
3 +$337M
4
UBS AM
UBS AM
Illinois
+$331M
5
BlackRock
BlackRock
New York
+$305M

Top Sellers

1 -$475M
2 -$473M
3 -$410M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$269M
5
Goldman Sachs
Goldman Sachs
New York
-$247M
Name Holding Trade Value Shares
Change
Change in
Stake
SPIA
351
Steward Partners Investment Advisory
New York
$4.3M
KFC
352
Klingenstein Fields & Co
New York
$4.29M
KeyBank National Association
353
KeyBank National Association
Ohio
$4.27M
OAC
354
OMERS Administration Corp
Ontario, Canada
$4.23M
CIBC Private Wealth Group
355
CIBC Private Wealth Group
Georgia
$4.22M
OC
356
Oppenheimer & Co
New York
$4.22M
SCM
357
Shelton Capital Management
Colorado
$4.19M
STA
358
Summit Trail Advisors
New York
$4.17M
FDCDDQ
359
Federation des caisses Desjardins du Quebec
Quebec, Canada
$4.16M
Cambridge Investment Research Advisors
360
Cambridge Investment Research Advisors
Iowa
$4.15M
TRSOTSOK
361
Teachers Retirement System of the State of Kentucky
Kentucky
$4.12M
MSU
362
Mizuho Securities USA
New York
$4.08M
CAPTRUST Financial Advisors
363
CAPTRUST Financial Advisors
North Carolina
$3.95M
BCI
364
Brinker Capital Investments
Pennsylvania
$3.93M
AF
365
Avanza Fonder
Sweden
$3.9M
IMCOOI
366
Investment Management Corp of Ontario (IMCO)
Canada
$3.88M
IPAM
367
ICICI Prudential Asset Management
India
$3.83M
Kovitz Investment Group Partners
368
Kovitz Investment Group Partners
Illinois
$3.83M
PCM
369
Penserra Capital Management
California
$3.71M
ACM
370
Alamar Capital Management
California
$3.67M
MCM
371
MAI Capital Management
Ohio
$3.67M
CAM
372
Cresset Asset Management
Illinois
$3.5M
VAS
373
Vestmark Advisory Solutions
Massachusetts
$3.43M
GGI
374
GPM Growth Investors
Michigan
$3.41M
GCM
375
Graham Capital Management
Connecticut
$3.39M