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Cboe Global Markets
CBOE

806 hedge funds and large institutions have $20.9B invested in Cboe Global Markets in 2025 Q1 according to their latest regulatory filings, with 123 funds opening new positions, 280 increasing their positions, 288 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

209% more call options, than puts

Call options by funds: $286M | Put options by funds: $92.4M

50% more funds holding in top 10

Funds holding in top 10: 8 → 12 (+4)

48% more first-time investments, than exits

New positions opened: 123 | Existing positions closed: 83

19% more capital invested

Capital invested by funds: $17.6B → $20.9B (+$3.33B)

4% more funds holding

Funds holding: 778 → 806 (+28)

2.38% more ownership

Funds ownership: 85.8% → 88.19% (+2.4%)

3% less repeat investments, than reductions

Existing positions increased: 280 | Existing positions reduced: 288

Holders
806
Holders Change
+28
Holders Change %
+3.6%
% of All Funds
10.81%
Holding in Top 10
12
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+50%
% of All Funds
0.16%
New
123
Increased
280
Reduced
288
Closed
83
Calls
$286M
Puts
$92.4M
Net Calls
+$193M
Net Calls Change
+$22.7M

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$369M
2
UBS AM
UBS AM
Illinois
+$177M
3
Marshall Wace
Marshall Wace
United Kingdom
+$152M
4
UBS Group
UBS Group
Switzerland
+$67.9M
5
PL
Perpetual Ltd
Australia
+$61.4M

Top Sellers

1
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$95.1M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$80.4M
3
CCMG
Clark Capital Management Group
Pennsylvania
-$43.1M
4
PI
PineBridge Investments
New York
-$40.2M
5
Goldman Sachs
Goldman Sachs
New York
-$34.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
ST
526
Somerset Trust
Pennsylvania
$490K +$56.6K +273 +14%
DS
527
DRW Securities
Illinois
$490K +$449K +2,165 New
AF
528
Apexium Financial
Texas
$484K – – –
SFS
529
Sowell Financial Services
Arkansas
$475K +$435K +2,098 New
BAAM
530
Baker Avenue Asset Management
California
$472K +$8.09K +39 +2%
RCAG
531
Rehmann Capital Advisory Group
Michigan
$469K +$63.7K +307 +17%
PA
532
Parallel Advisors
California
$463K -$68.9K -332 -14%
KCM
533
Kathmere Capital Management
Pennsylvania
$458K +$94.6K +456 +29%
BPC
534
Banque Pictet & Cie
Switzerland
$450K +$412K +1,988 New
NFG
535
Nadler Financial Group
Illinois
$448K – – –
AC
536
Avestar Capital
New York
$437K -$90.4K -436 -18%
PAG
537
Private Advisor Group
New Jersey
$434K -$25.7K -124 -6%
QIM
538
Quantitative Investment Management
Virginia
$429K -$475K -2,289 -55%
MFG
539
Merit Financial Group
Georgia
$426K +$390K +1,882 New
GLA
540
Great Lakes Advisors
Illinois
$423K +$133K +642 +52%
MSA
541
MUFG Securities Americas
New York
$420K +$63.9K +308 +20%
SC
542
Savant Capital
Illinois
$411K -$47.1K -227 -11%
FFA
543
Farther Finance Advisors
California
$408K +$220K +1,061 +141%
IAA
544
Independent Advisor Alliance
North Carolina
$406K -$1.87K -9 -0.5%
OF
545
Outfitter Financial
Maine
$406K -$14.5K -70 -4%
SBFM
546
S-Bank Fund Management
Finland
$406K +$372K +1,795 New
CCM
547
Coldstream Capital Management
Washington
$406K -$12.2K -59 -3%
Fiera Capital (Canada)
548
Fiera Capital (Canada)
Quebec, Canada
$405K – – –
AFG
549
Atomi Financial Group
New York
$404K +$33.8K +163 +10%
PWP
550
Phillips Wealth Planners
Mississippi
$402K -$415 -2 -0.1%
20 21
22
23 24

CBOE Hedge Fund Activity: Q1 2025 in Review

806 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Cboe Global Markets (CBOE) for Q1 2025, worth a combined $20.9B — up 19% from $17.6B a quarter earlier.

Buyers outnumbered sellers: 123 funds opened new CBOE positions and 83 closed out — a net gain of 40 holders — while 280 added to existing stakes and 288 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $369M. The largest seller was Massachusetts Financial Services, cutting an estimated $95.1M.

  • 806 institutional investors held Cboe Global Markets (CBOE) as of Q1 2025, up from 778 in Q4 2024.
  • Funds reported $20.9B of Cboe Global Markets stock for Q1 2025, up 19% quarter-over-quarter.
  • 123 funds opened new Cboe Global Markets positions in Q1 2025 and 83 closed out, a net change of +40 holders.
  • The largest Cboe Global Markets buyer in Q1 2025 was AllianceBernstein, an estimated $369M added.
  • The largest Cboe Global Markets seller in Q1 2025 was Massachusetts Financial Services, an estimated $95.1M sold.

Based on aggregated 13F filings for Q1 2025.