1,197 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, 464 increasing their positions, 416 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 (-$3.08B)

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
1,197
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
SOMRS
201
State of Michigan Retirement System
Michigan
$14.1M
SAM
202
Silvercrest Asset Management
New York
$14M
Osaic Holdings
203
Osaic Holdings
Arizona
$14M
Nomura Holdings
204
Nomura Holdings
Japan
$14M
BPA
205
Beacon Pointe Advisors
California
$13.9M
HFS
206
Hantz Financial Services
Michigan
$13.7M
AAP
207
Arax Advisory Partners
Colorado
$13.7M
N
208
Natixis
France
$13.6M
State of Tennessee, Department of Treasury
209
State of Tennessee, Department of Treasury
Tennessee
$13.5M
NAM
210
Nissay Asset Management
Japan
$13.4M
CCP
211
Clarkston Capital Partners
Michigan
$13.3M
CNB
212
Czech National Bank
Czech Republic
$13.2M
SSA
213
Schonfeld Strategic Advisors
New York
$13.2M
KBC Group
214
KBC Group
Belgium
$13.1M
X
215
Xponance
Pennsylvania
$13M
Parallax Volatility Advisers
216
Parallax Volatility Advisers
California
$12.9M
BJL
217
Brighton Jones LLC
Washington
$12.8M
COPPSERS
218
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$12.5M
Walleye Trading
219
Walleye Trading
New York
$12.2M
US Bancorp
220
US Bancorp
Minnesota
$12.2M
SO
221
STRS Ohio
Ohio
$12.2M
EF
222
Empowered Funds
Pennsylvania
$12M
Mariner
223
Mariner
Kansas
$11.9M
William Blair & Company
224
William Blair & Company
Illinois
$11.8M
CWM
225
Calamos Wealth Management
Illinois
$11.8M