1,175 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, 456 increasing their positions, 409 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
1,175
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