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Affirm
AFRM

408 hedge funds and large institutions have $10.9B invested in Affirm in 2023 Q4 according to their latest regulatory filings, with 142 funds opening new positions, 88 increasing their positions, 120 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

284% more first-time investments, than exits

New positions opened: 142 | Existing positions closed: 37

161% more capital invested

Capital invested by funds: $4.17B → $10.9B (+$6.73B)

31% more funds holding

Funds holding: 311 → 408 (+97)

13% more funds holding in top 10

Funds holding in top 10: 15 → 17 (+2)

9.91% more ownership

Funds ownership: 81.79% → 91.71% (+9.9%)

8% less call options, than puts

Call options by funds: $1.21B | Put options by funds: $1.32B

27% less repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 120

Holders
408
Holders Change
+97
Holders Change %
+31.19%
% of All Funds
5.95%
Holding in Top 10
17
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+13.33%
% of All Funds
0.25%
New
142
Increased
88
Reduced
120
Closed
37
Calls
$1.21B
Puts
$1.32B
Net Calls
-$110M
Net Calls Change
-$106M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$656M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$245M
3
Two Sigma Advisers
Two Sigma Advisers
New York
+$94.9M
4
Voloridge Investment Management
Voloridge Investment Management
Florida
+$86.8M
5
Renaissance Technologies
Renaissance Technologies
New York
+$29.8M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$143M
2
SCM
Spyglass Capital Management
California
-$47.8M
3
Capital Research Global Investors
Capital Research Global Investors
California
-$44M
4
BC
BIT Capital
Germany
-$39.8M
5
Goldman Sachs
Goldman Sachs
New York
-$30.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
VS
101
VK Services
California
$3.68M -$15.2M -525,842 -88%
HIS
102
Harvest Investment Services
Illinois
$3.62M +$1.45M +50,201 +214%
EI
103
EAM Investors
California
$3.6M +$282K +9,757 +15%
ZIM
104
Zacks Investment Management
Illinois
$3.48M +$2.05M +70,813 New
GAM
105
Gotham Asset Management
New York
$3.47M +$2.04M +70,528 New
Osaic Holdings
106
Osaic Holdings
Arizona
$3.42M -$444K -15,349 -18%
LMGAM
107
Liberty Mutual Group Asset Management
Massachusetts
$3.41M – – –
DI
108
DFPG Investments
Utah
$3.26M – – –
DA
109
Duality Advisers
Florida
$3.18M +$1.87M +64,766 New
SEI Investments
110
SEI Investments
Pennsylvania
$3.04M -$502K -17,374 -22%
ASRS
111
Arizona State Retirement System
Arizona
$2.96M +$93.8K +3,243 +6%
ET
112
Entropy Technologies
New York
$2.93M +$1.72M +59,526 New
Susquehanna International Group
113
Susquehanna International Group
Pennsylvania
$2.8M -$8.01M -277,135 -83%
AFG
114
Atomi Financial Group
New York
$2.79M +$1.64M +56,799 New
Barclays
115
Barclays
United Kingdom
$2.73M -$486K -16,797 -23%
PE
116
Point72 Europe
United Kingdom
$2.69M +$1.58M +54,712 New
IMC Chicago
117
IMC Chicago
Illinois
$2.67M +$1.57M +54,400 New
Mitsubishi UFJ Asset Management
118
Mitsubishi UFJ Asset Management
Japan
$2.55M – – –
DAL
119
Delta Air Lines
Georgia
$2.46M – – –
N
120
Numerai
California
$2.45M +$1.44M +49,912 New
TSS
121
Two Sigma Securities
New York
$2.41M -$4.86M -168,130 -77%
QT
122
Quantbot Technologies
New York
$2.39M +$1.41M +48,685 New
CIA
123
Capital Impact Advisors
Massachusetts
$2.31M +$1.36M +46,969 New
Zurich Cantonal Bank
124
Zurich Cantonal Bank
Switzerland
$2.28M +$148K +5,106 +12%
ONGA
125
O'Neil Global Advisors
California
$2.25M +$1.33M +45,869 New
3 4
5
6 7

AFRM Hedge Fund Activity: Q4 2023 in Review

408 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Affirm (AFRM) for Q4 2023, worth a combined $10.9B — up 161% from $4.17B a quarter earlier.

Buyers outnumbered sellers: 142 funds opened new AFRM positions and 37 closed out — a net gain of 105 holders — while 88 added to existing stakes and 120 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $656M. The largest seller was T. Rowe Price Associates, cutting an estimated $143M.

  • 408 institutional investors held Affirm (AFRM) as of Q4 2023, up from 311 in Q3 2023.
  • Funds reported $10.9B of Affirm stock for Q4 2023, up 161% quarter-over-quarter.
  • 142 funds opened new Affirm positions in Q4 2023 and 37 closed out, a net change of +105 holders.
  • The largest Affirm buyer in Q4 2023 was Morgan Stanley, an estimated $656M added.
  • The largest Affirm seller in Q4 2023 was T. Rowe Price Associates, an estimated $143M sold.

Based on aggregated 13F filings for Q4 2023.