BigBear.ai
BBAI
316 hedge funds and large institutions have $940M invested in BigBear.ai in 2025 Q3 according to their latest regulatory filings, with 93 funds opening new positions, 115 increasing their positions, 63 reducing their positions, and 42 closing their positions.
121% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 42
83% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 63
22% more call options, than puts
Call options by funds: $162M | Put options by funds: $133M
18% more funds holding
Funds holding: 268 → 316 (+48)
10% more capital invested
Capital invested by funds: $851M → $940M (+$88.4M)
4.15% less ownership
Funds ownership: 43.07% → 38.93% (-4.1%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$43.5M |
| 2 |
MG
Marex Group
London,
|
+$32.2M |
| 3 |
BlackRock
New York
|
+$23.2M |
| 4 |
Two Sigma Investments
New York
|
+$19.6M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$19.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
-$37.4M |
| 2 |
Renaissance Technologies
New York
|
-$20.8M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$13.8M |
| 4 |
HT
Headlands Technologies
Chicago,
Illinois
|
-$12M |
| 5 |
Millennium Management
New York
|
-$9.37M |
BBAI Hedge Fund Activity: Q3 2025 in Review
316 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in BigBear.ai (BBAI) for Q3 2025, worth a combined $940M — up 10% from $851M a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new BBAI positions and 42 closed out — a net gain of 51 holders — while 115 added to existing stakes and 63 trimmed.
The largest buyer was Vanguard Group, adding an estimated $43.5M. The largest seller was Jump Financial, exiting entirely with an estimated $37.4M sold.
- 316 institutional investors held BigBear.ai (BBAI) as of Q3 2025, up from 268 in Q2 2025.
- Funds reported $940M of BigBear.ai stock for Q3 2025, up 10% quarter-over-quarter.
- 93 funds opened new BigBear.ai positions in Q3 2025 and 42 closed out, a net change of +51 holders.
- The largest BigBear.ai buyer in Q3 2025 was Vanguard Group, an estimated $43.5M added.
- The largest BigBear.ai seller in Q3 2025 was Jump Financial, an estimated $37.4M sold.
Based on aggregated 13F filings for Q3 2025.