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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
OCM
126
Osterweis Capital Management
California
$8.91M +$6.68M +128,845 New
SPS
127
Susquehanna Portfolio Strategies
Pennsylvania
$8.89M +$6.67M +128,560 New
Treasurer of the State of North Carolina
128
Treasurer of the State of North Carolina
North Carolina
$8.67M +$349K +6,723 +6%
LPL Financial
129
LPL Financial
California
$8.31M +$2M +38,549 +47%
Franklin Resources
130
Franklin Resources
California
$8.17M -$60.1M -1,158,491 -91%
TI
131
Trexquant Investment
Connecticut
$8.14M -$8.57M -165,258 -58%
AIM
132
Allen Investment Management
New York
$8.07M
GIPM
133
G2 Investment Partners Management
New York
$8.04M -$1.23M -23,681 -17%
American Century Companies
134
American Century Companies
Missouri
$7.95M -$1.93M -37,285 -24%
OFG
135
Omega Financial Group
California
$7.93M +$277K +5,351 +5%
Allianz Asset Management
136
Allianz Asset Management
Germany
$7.49M +$319K +6,157 +6%
Janus Henderson Group
137
Janus Henderson Group
United Kingdom
$7.41M
EW
138
Elyxium Wealth
California
$7.26M +$355K +6,844 +7%
PFSRSONJ
139
Police & Firemen's Retirement System of New Jersey
New Jersey
$7.06M +$404K +7,793 +8%
Hudson Bay Capital Management
140
Hudson Bay Capital Management
Connecticut
$6.91M -$4.16M -80,188 -45%
GAM
141
Gotham Asset Management
New York
$6.86M -$407K -7,843 -7%
JGC
142
J. Goldman & Co
New York
$6.73M +$4.69M +90,436 +1,298%
PP
143
Paloma Partners
Connecticut
$6.48M +$3.63M +70,074 +296%
PA
144
Proem Advisors
Texas
$6.23M +$4.67M +90,067 New
FDC
145
Flight Deck Capital
California
$5.99M -$420K -8,100 -9%
APM
146
a16z Perennial Management
California
$5.98M -$918K -17,700 -17%
State of New Jersey Common Pension Fund D
147
State of New Jersey Common Pension Fund D
New Jersey
$5.96M +$159K +3,059 +4%
Ohio Public Employees Retirement System (OPERS)
148
Ohio Public Employees Retirement System (OPERS)
Ohio
$5.76M +$181K +3,489 +4%
Nomura Holdings
149
Nomura Holdings
Japan
$5.48M +$3.77M +72,772 +1,125%
PC
150
Panoramic Capital
California
$5.36M +$3.24M +62,421 +412%

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.