1,187 hedge funds and large institutions have $41.4B invested in Airbnb in 2025 Q3 according to their latest regulatory filings, with 146 funds opening new positions, 461 increasing their positions, 413 reducing their positions, and 158 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 (-$3.11B)

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: $1.74B

Holders
1,187
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
$1.74B
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
QCM
1201
Qsemble Capital Management
New York
PHK
1202
Point72 Hong Kong
Hong Kong
Axa
1203
Axa
France
LCM
1204
Laurion Capital Management
New York
TM
1205
TFJ Management
Massachusetts
FLII
1206
First Long Island Investors
New York
ACM
1207
Alight Capital Management
New York
NC
1208
Nightview Capital
Texas
CCIA
1209
Campbell & Co Investment Adviser
Maryland
TPSF
1210
Texas Permanent School Fund
Texas
MCP
1211
Meridiem Capital Partners
Texas
Baillie Gifford & Co
1212
Baillie Gifford & Co
United Kingdom
NRD
1213
Nebula Research & Development
New York
FCM
1214
Fieldview Capital Management
Michigan
MC
1215
Maverick Capital
Texas
PMAM
1216
Picton Mahoney Asset Management
Ontario, Canada
MCM
1217
Monimus Capital Management
New Jersey
WAM
1218
Weiss Asset Management
Massachusetts
VCM
1219
Verde Capital Management
Michigan
UAM
1220
UAS Asset Management
New York
AIM
1221
Achmea Investment Management
Netherlands
TG
1222
TCW Group
California
IFU
1223
iSAM Funds (UK)
United Kingdom
HLA
1224
Hamilton Lane Advisors
Pennsylvania
GKWIM
1225
Gerber Kawasaki Wealth & Investment Management
California