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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
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.67B +$47.9M +922,813 +4%
Capital Research Global Investors
2
Capital Research Global Investors
California
$1.64B +$29.9M +576,037 +2%
Morgan Stanley
3
Morgan Stanley
New York
$1.53B +$50.4M +971,086 +5%
Capital World Investors
4
Capital World Investors
California
$1.46B +$50.1M +966,388 +5%
BlackRock
5
BlackRock
New York
$1.08B +$126M +2,423,821 +18%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$666M +$62.5M +1,205,372 +14%
Baillie Gifford & Co
7
Baillie Gifford & Co
United Kingdom
$521M -$76.3M -1,471,061 -16%
DCP
8
Durable Capital Partners
Maryland
$511M +$41.9M +808,455 +12%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$322M +$13.2M +254,359 +6%
State Street
10
State Street
Massachusetts
$308M +$8.38M +161,522 +4%
JCAM
11
Jericho Capital Asset Management
New York
$253M -$72.3M -1,395,064 -28%
T. Rowe Price Associates
12
T. Rowe Price Associates
Maryland
$226M -$66.5M -1,281,970 -28%
FAM
13
Foxhaven Asset Management
Virginia
$200M +$42.3M +814,951 +39%
Norges Bank
14
Norges Bank
Norway
$183M +$14.2M +273,238 +11%
Charles Schwab
15
Charles Schwab
California
$163M +$4.14M +79,848 +4%
Wellington Management Group
16
Wellington Management Group
Massachusetts
$147M +$24.6M +474,656 +29%
AM
17
Atreides Management
Massachusetts
$137M +$86.6M +1,670,429 +543%
Bank of America
18
Bank of America
North Carolina
$133M +$34.5M +666,040 +53%
Goldman Sachs
19
Goldman Sachs
New York
$128M +$8.97M +172,993 +10%
SCM
20
Spyglass Capital Management
California
$120M -$8.41M -162,142 -9%
Northern Trust
21
Northern Trust
Illinois
$102M +$2.76M +53,181 +4%
Marshall Wace
22
Marshall Wace
United Kingdom
$102M -$43.4M -836,124 -36%
1832 Asset Management
23
1832 Asset Management
Ontario, Canada
$98.4M +$13.8M +266,500 +23%
UBS Group
24
UBS Group
Switzerland
$97M -$52.6M -1,014,497 -42%
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$95.2M +$7.58M +146,159 +12%

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.