We are live on ! Find out more
AFRM icon

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
Thrivent Financial for Lutherans
176
Thrivent Financial for Lutherans
Minnesota
$3.65M +$2.75M +52,964 New
MC
177
Maverick Capital
Texas
$3.61M +$2.71M +52,206 New
Cetera Investment Advisers
178
Cetera Investment Advisers
Illinois
$3.61M +$1.11M +21,433 +70%
KK
179
KLP Kapitalforvaltning
Norway
$3.57M +$130K +2,500 +5%
Teacher Retirement System of Texas
180
Teacher Retirement System of Texas
Texas
$3.49M +$215K +4,141 +9%
EGM
181
Engineers Gate Manager
New York
$3.45M +$632K +12,198 +32%
Axa
182
Axa
France
$3.44M +$2.05M +39,509 +383%
VRS
183
Virginia Retirement Systems
Virginia
$3.28M +$394K +7,600 +19%
Nisa Investment Advisors
184
Nisa Investment Advisors
Missouri
$3.27M -$464K -8,950 -16%
HIM
185
Hillsdale Investment Management
Ontario, Canada
$3.21M +$1.66M +32,000 +222%
ERSOT
186
Employees Retirement System of Texas
Texas
$3.2M
LP
187
LMR Partners
United Kingdom
$3.19M -$5.36M -103,309 -69%
Commonwealth Equity Services
188
Commonwealth Equity Services
Massachusetts
$3.17M +$573K +11,052 +32%
IC
189
IEQ Capital
California
$3.09M +$510K +9,831 +28%
MVA
190
Mount Vernon Associates
Maryland
$3.01M +$1.55M +29,975 +221%
SB
191
SIG Brokerage
New York
$2.88M +$2.16M +41,664 New
ETCM
192
Evolutionary Tree Capital Management
Virginia
$2.8M -$192K -3,705 -8%
Russell Investments Group
193
Russell Investments Group
United Kingdom
$2.73M +$12.8K +246 +0.6%
IMC Chicago
194
IMC Chicago
Illinois
$2.67M +$2M +38,570 New
Pictet Asset Management
195
Pictet Asset Management
Switzerland
$2.64M -$15.6K -301 -0.8%
JRP
196
Jasper Ridge Partners
California
$2.63M
SC
197
Sculptor Capital
New York
$2.57M +$1.05M +20,200 +119%
Two Sigma Investments
198
Two Sigma Investments
New York
$2.57M -$72.6K -1,400 -4%
LIP
199
Liontrust Investment Partners
United Kingdom
$2.48M -$3.96M -76,327 -68%
CIM
200
CIM Investment Management
Pennsylvania
$2.32M +$924K +17,818 +100%

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.