Affirm
AFRM
593 hedge funds and large institutions have $11B invested in Affirm in 2026 Q1 according to their latest regulatory filings, with 90 funds opening new positions, 230 increasing their positions, 196 reducing their positions, and 130 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 230 | Existing positions reduced: 196
0.28% less ownership
Funds ownership: 82.47% → 82.19% (-0.28%)
7% less funds holding
Funds holding: 640 → 593 (-47)
11% less funds holding in top 10
Funds holding in top 10: 19 → 17 (-2)
21% less call options, than puts
Call options by funds: $462M | Put options by funds: $584M
31% less first-time investments, than exits
New positions opened: 90 | Existing positions closed: 130
38% less capital invested
Capital invested by funds: $17.8B → $11B (-$6.75B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$211M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$209M |
| 3 |
JP Morgan Chase
New York
|
+$199M |
| 4 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$114M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$83.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$284M |
| 2 |
JCAM
Jericho Capital Asset Management
New York
|
-$268M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$206M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$133M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$118M |
AFRM Hedge Fund Activity: Q1 2026 in Review
593 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in Affirm (AFRM) for Q1 2026, worth a combined $11B — down 38% from $17.8B a quarter earlier.
Sellers outnumbered buyers: 130 funds closed out of AFRM and 90 opened new positions — a net loss of 40 holders — while 196 trimmed existing stakes and 230 added.
The largest buyer was Citadel Advisors, adding an estimated $211M. The largest seller was Lone Pine Capital, exiting entirely with an estimated $284M sold.
- 593 institutional investors held Affirm (AFRM) as of Q1 2026, down from 640 in Q4 2025.
- Funds reported $11B of Affirm stock for Q1 2026, down 38% quarter-over-quarter.
- 90 funds opened new Affirm positions in Q1 2026 and 130 closed out, a net change of -40 holders.
- The largest Affirm buyer in Q1 2026 was Citadel Advisors, an estimated $211M added.
- The largest Affirm seller in Q1 2026 was Lone Pine Capital, an estimated $284M sold.
Based on aggregated 13F filings for Q1 2026.