1,199 hedge funds and large institutions have $41.4B invested in Airbnb in 2025 Q3 according to their latest regulatory filings, with 145 funds opening new positions, 466 increasing their positions, 415 reducing their positions, and 157 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: $44.5B → $41.4B (-$3.07B)

16% less funds holding in top 10

Funds holding in top 10: 3126 (-5)

18% less call options, than puts

Call options by funds: $1.42B | Put options by funds: $1.74B

Holders
1,199
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
$1.42B
Puts
$1.74B
Net Calls
Net Calls Change

Top Buyers

1 +$539M
2 +$383M
3 +$359M
4
UBS AM
UBS AM
Illinois
+$352M
5
BlackRock
BlackRock
New York
+$325M

Top Sellers

1 -$506M
2 -$504M
3 -$437M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$286M
5
Goldman Sachs
Goldman Sachs
New York
-$263M
Name Holding Trade Value Shares
Change
Change in
Stake
CB
426
Commerce Bank
Missouri
$2.58M
QCM
427
QRG Capital Management
Illinois
$2.56M
HSA
428
Hussman Strategic Advisors
Maryland
$2.55M
MSRPS
429
Maryland State Retirement & Pension System
Maryland
$2.55M
1C
430
111 Capital
France
$2.54M
SAM
431
Securian Asset Management
Minnesota
$2.52M
FPAS
432
Focus Partners Advisor Solutions
Missouri
$2.51M
FTC
433
Farmers Trust Company
Ohio
$2.5M
SWA
434
Stratos Wealth Advisors
Ohio
$2.46M
CAAS
435
Capital Asset Advisory Services
Michigan
$2.44M
Neuberger Berman Group
436
Neuberger Berman Group
New York
$2.43M
ARAM
437
Ardmore Road Asset Management
New York
$2.43M
DGM
438
Delta Global Management
New York
$2.39M
NMERB
439
New Mexico Educational Retirement Board
New Mexico
$2.37M
DAS
440
Diversify Advisory Services
Utah
$2.37M
DFCM
441
Dark Forest Capital Management
Puerto Rico
$2.36M
Los Angeles Capital Management
442
Los Angeles Capital Management
California
$2.36M
RCG
443
Regatta Capital Group
California
$2.35M
IPGDR
444
Investidor Profissional Gestao de Recursos
Brazil
$2.35M
TWM
445
TriaGen Wealth Management
California
$2.35M
BCM
446
Bridgeway Capital Management
Texas
$2.35M
CWG
447
Cornerstone Wealth Group
North Carolina
$2.33M
MFG
448
Merit Financial Group
Georgia
$2.33M
EFS
449
Econ Financial Services
Pennsylvania
$2.33M
Allspring Global Investments
450
Allspring Global Investments
North Carolina
$2.3M