Braze
BRZE
221 hedge funds and large institutions have $2.02B invested in Braze in 2025 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 93 increasing their positions, 65 reducing their positions, and 61 closing their positions.
112% more call options, than puts
Call options by funds: $17.2M | Put options by funds: $8.09M
43% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 65
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
8% less funds holding
Funds holding: 241 → 221 (-20)
8.56% less ownership
Funds ownership: 81.68% → 73.13% (-8.6%)
21% less capital invested
Capital invested by funds: $2.55B → $2.02B (-$535M)
28% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$55.9M |
| 2 |
Millennium Management
New York
|
+$51M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$22.7M |
| 4 |
FGP
Freestone Grove Partners
San Francisco,
California
|
+$20.7M |
| 5 |
BlackRock
New York
|
+$18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cadian Capital Management
New York
|
-$60.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$53.3M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$44.7M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$32.8M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$26.4M |
BRZE Hedge Fund Activity: Q2 2025 in Review
221 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Braze (BRZE) for Q2 2025, worth a combined $2.02B — down 21% from $2.55B a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of BRZE and 44 opened new positions — a net loss of 17 holders — while 65 trimmed existing stakes and 93 added.
The largest buyer was Citadel Advisors, adding an estimated $55.9M. The largest seller was Cadian Capital Management, cutting an estimated $60.2M.
- 221 institutional investors held Braze (BRZE) as of Q2 2025, down from 241 in Q1 2025.
- Funds reported $2.02B of Braze stock for Q2 2025, down 21% quarter-over-quarter.
- 44 funds opened new Braze positions in Q2 2025 and 61 closed out, a net change of -17 holders.
- The largest Braze buyer in Q2 2025 was Citadel Advisors, an estimated $55.9M added.
- The largest Braze seller in Q2 2025 was Cadian Capital Management, an estimated $60.2M sold.
Based on aggregated 13F filings for Q2 2025.