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1,204 hedge funds and large institutions have $41.5B invested in Airbnb in 2025 Q3 according to their latest regulatory filings, with 145 funds opening new positions, 468 increasing their positions, 418 reducing their positions, and 157 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 468 | Existing positions reduced: 418

1.61% more ownership

Funds ownership: 78%79.61% (+1.6%)

8% less first-time investments, than exits

New positions opened: 145 | Existing positions closed: 157

3% less funds holding

Funds holding: 1,2371,204 (-33)

7% less capital invested

Capital invested by funds: $44.6B → $41.5B (-$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
1,204
Holders Change
-33
Holders Change %
-2.67%
% of All Funds
15.8%
Holding in Top 10
26
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-16.13%
% of All Funds
0.34%
New
145
Increased
468
Reduced
418
Closed
157
Calls
$1.42B
Puts
$1.74B
Net Calls
-$315M
Net Calls Change
-$133M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$4.65B +$84M +649,323 +2%
BlackRock
2
BlackRock
New York
$3.9B +$325M +2,511,786 +8%
State Street
3
State Street
Massachusetts
$2.18B -$9.09M -70,303 -0.4%
Harris Associates
4
Harris Associates
Illinois
$1.88B +$157M +1,216,600 +9%
Morgan Stanley
5
Morgan Stanley
New York
$1.52B -$42.4M -327,996 -3%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$1.24B -$506M -3,913,927 -28%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$1.22B +$11.1M +86,076 +0.9%
Edgewood Management
8
Edgewood Management
Connecticut
$1.18B -$119M -918,241 -9%
ClearBridge Investments
9
ClearBridge Investments
New York
$711M +$17.4M +134,669 +2%
Invesco
10
Invesco
Georgia
$667M +$41.8M +323,368 +6%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$527M -$286M -2,212,886 -34%
AQR Capital Management
12
AQR Capital Management
Connecticut
$518M +$204M +1,577,338 +59%
IFP
13
Independent Franchise Partners
United Kingdom
$506M +$539M +4,164,648 New
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$490M +$127M +980,244 +32%
Polen Capital Management
15
Polen Capital Management
Florida
$483M -$437M -3,379,657 -46%
Northern Trust
16
Northern Trust
Illinois
$477M -$36.6M -283,015 -7%
Two Sigma Advisers
17
Two Sigma Advisers
New York
$452M +$119M +922,300 +33%
Brown Advisory
18
Brown Advisory
Maryland
$442M -$56.6M -437,433 -11%
Point72 Asset Management
19
Point72 Asset Management
Connecticut
$425M +$359M +2,772,129 +380%
ACM
20
AKRE Capital Management
Virginia
$422M
Amundi
21
Amundi
France
$412M +$97.6M +754,372 +28%
UBS AM
22
UBS AM
Illinois
$404M +$352M +2,724,682 +453%
D.E. Shaw & Co
23
D.E. Shaw & Co
New York
$395M +$383M +2,960,791 +1,009%
Acadian Asset Management
24
Acadian Asset Management
Massachusetts
$388M +$72.3M +559,217 +21%
Charles Schwab
25
Charles Schwab
California
$366M +$11.6M +89,486 +3%

ABNB Hedge Fund Activity: Q3 2025 in Review

1,204 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Airbnb (ABNB) for Q3 2025, worth a combined $41.5B — down 6.9% from $44.6B a quarter earlier.

Sellers outnumbered buyers: 157 funds closed out of ABNB and 145 opened new positions — a net loss of 12 holders — while 418 trimmed existing stakes and 468 added.

The largest buyer was Independent Franchise Partners, opening a new position worth an estimated $539M. The largest seller was Fidelity Investments, cutting an estimated $506M.

  • 1,204 institutional investors held Airbnb (ABNB) as of Q3 2025, down from 1,237 in Q2 2025.
  • Funds reported $41.5B of Airbnb stock for Q3 2025, down 6.9% quarter-over-quarter.
  • 145 funds opened new Airbnb positions in Q3 2025 and 157 closed out, a net change of -12 holders.
  • The largest Airbnb buyer in Q3 2025 was Independent Franchise Partners, an estimated $539M added.
  • The largest Airbnb seller in Q3 2025 was Fidelity Investments, an estimated $506M sold.

Based on aggregated 13F filings for Q3 2025.