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Affirm

561 hedge funds and large institutions have $15.5B invested in Affirm in 2025 Q2 according to their latest regulatory filings, with 136 funds opening new positions, 212 increasing their positions, 145 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more first-time investments, than exits

New positions opened: 136 | Existing positions closed: 61

115% more funds holding in top 10

Funds holding in top 10: 1328 (+15)

58% more capital invested

Capital invested by funds: $9.77B → $15.5B (+$5.72B)

46% more repeat investments, than reductions

Existing positions increased: 212 | Existing positions reduced: 145

14% more funds holding

Funds holding: 490561 (+71)

1.96% more ownership

Funds ownership: 77.5%79.46% (+2%)

4% less call options, than puts

Call options by funds: $1.11B | Put options by funds: $1.15B

Holders
561
Holders Change
+71
Holders Change %
+14.49%
% of All Funds
7.39%
Holding in Top 10
28
Holding in Top 10 Change
+15
Holding in Top 10 Change %
+115.38%
% of All Funds
0.37%
New
136
Increased
212
Reduced
145
Closed
61
Calls
$1.11B
Puts
$1.15B
Net Calls
-$44.3M
Net Calls Change
-$148M
Name Holding Trade Value Shares
Change
Change in
Stake
RAM
51
RJA Asset Management
Connecticut
$38.3M
OCM
52
Ogborne Capital Management
California
$38M +$23.5M +452,500 +464%
Royal Bank of Canada
53
Royal Bank of Canada
Ontario, Canada
$36M +$17M +327,613 +169%
AHT
54
Amanah Holdings Trust
$35.9M +$26.9M +519,230 New
DCM
55
Driehaus Capital Management
Illinois
$35.7M +$6.42M +123,751 +32%
Squarepoint
56
Squarepoint
New York
$35M -$3.91M -75,377 -13%
ARAM
57
Ardmore Road Asset Management
New York
$34.6M -$5.19M -100,000 -17%
BNP Paribas Financial Markets
58
BNP Paribas Financial Markets
France
$34.4M +$12.5M +240,207 +93%
RCMU
59
Rokos Capital Management (UK)
United Kingdom
$34.1M +$25.6M +493,827 New
Capital International Investors
60
Capital International Investors
California
$33.7M -$41.9M -808,775 -62%
Swiss National Bank
61
Swiss National Bank
Switzerland
$33.2M +$638K +12,300 +3%
PCH
62
Polar Capital Holdings
United Kingdom
$32.9M +$21.7M +418,432 +725%
ACM
63
Aquatic Capital Management
Illinois
$30.1M +$8.02M +154,590 +55%
California Public Employees Retirement System
64
California Public Employees Retirement System
California
$30M +$1.77M +34,139 +9%
BC
65
BIT Capital
Germany
$29.5M -$7.8M -150,333 -26%
GCM
66
Glendon Capital Management
California
$28.8M
Verition Fund Management
67
Verition Fund Management
Connecticut
$27.8M +$9.17M +176,887 +78%
Balyasny Asset Management
68
Balyasny Asset Management
Illinois
$27.1M +$17.5M +336,761 +608%
SG Americas Securities
69
SG Americas Securities
New York
$27.1M +$19.9M +384,015 +5,145%
NC
70
NZS Capital
Colorado
$26.2M +$5.22M +100,735 +36%
PHAM
71
Pacific Heights Asset Management
California
$25.9M +$2.85M +55,000 +17%
Bank of Montreal
72
Bank of Montreal
Ontario, Canada
$25.1M -$3.21M -61,986 -15%
SRFM
73
Shannon River Fund Management
New York
$24.7M +$18.5M +356,563 New
Man Group
74
Man Group
United Kingdom
$24.3M +$13.2M +253,699 +258%
1WCM
75
12 West Capital Management
New York
$24.2M +$1.3M +25,000 +8%

AFRM Hedge Fund Activity: Q2 2025 in Review

561 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Affirm (AFRM) for Q2 2025, worth a combined $15.5B — up 58% from $9.77B a quarter earlier.

Buyers outnumbered sellers: 136 funds opened new AFRM positions and 61 closed out — a net gain of 75 holders — while 212 added to existing stakes and 145 trimmed.

The largest buyer was BlackRock, adding an estimated $126M. The largest seller was Citadel Advisors, cutting an estimated $131M.

  • 561 institutional investors held Affirm (AFRM) as of Q2 2025, up from 490 in Q1 2025.
  • Funds reported $15.5B of Affirm stock for Q2 2025, up 58% quarter-over-quarter.
  • 136 funds opened new Affirm positions in Q2 2025 and 61 closed out, a net change of +75 holders.
  • The largest Affirm buyer in Q2 2025 was BlackRock, an estimated $126M added.
  • The largest Affirm seller in Q2 2025 was Citadel Advisors, an estimated $131M sold.

Based on aggregated 13F filings for Q2 2025.