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Cboe Global Markets
CBOE

881 hedge funds and large institutions have $22B invested in Cboe Global Markets in 2025 Q3 according to their latest regulatory filings, with 104 funds opening new positions, 326 increasing their positions, 308 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

112% more first-time investments, than exits

New positions opened: 104 | Existing positions closed: 49

29% more funds holding in top 10

Funds holding in top 10: 7 → 9 (+2)

24% more call options, than puts

Call options by funds: $277M | Put options by funds: $223M

5% more funds holding

Funds holding: 838 → 881 (+43)

6% more repeat investments, than reductions

Existing positions increased: 326 | Existing positions reduced: 308

2% more capital invested

Capital invested by funds: $21.5B → $22B (+$497M)

2.14% less ownership

Funds ownership: 88.28% → 86.13% (-2.1%)

Holders
881
Holders Change
+43
Holders Change %
+5.13%
% of All Funds
11.56%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.12%
New
104
Increased
326
Reduced
308
Closed
49
Calls
$277M
Puts
$223M
Net Calls
+$54M
Net Calls Change
-$123M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$439M
2
First Trust Advisors
First Trust Advisors
Illinois
+$238M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$168M
4
Marshall Wace
Marshall Wace
United Kingdom
+$105M
5
Morgan Stanley
Morgan Stanley
New York
+$100M

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$739M
2
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$171M
3
Two Sigma Advisers
Two Sigma Advisers
New York
-$113M
4
Man Group
Man Group
United Kingdom
-$92.3M
5
PAM
Panagora Asset Management
Massachusetts
-$76M
Name Holding Trade Value Shares
Change 		Change in
Stake
SNB
826
Security National Bank
Nebraska
$3.92K +$3.84K +16 New
STB
827
S&T Bank
Pennsylvania
$3.68K – – –
WTC
828
WhitTier Trust Company
Nevada
$3.59K – – –
SIC
829
SJS Investment Consulting
Ohio
$2.7K – – –
FCAS
830
First Command Advisory Services
Texas
$2.45K – – –
NRG
831
Nemes Rush Group
Michigan
$2.45K – – –
GEA
832
Glen Eagle Advisors
New Jersey
$2.45K +$2.4K +10 New
SRCM
833
Signature Resources Capital Management
California
$2.21K – – –
HWA
834
Heartwood Wealth Advisors
Virginia
$2.21K +$2.16K +9 New
DF
835
Dunhill Financial
United Kingdom
$2.09K +$240 +1 +13%
VNA
836
Valley National Advisers
Pennsylvania
$2K – – –
RWM
837
Rialto Wealth Management
New York
$1.96K +$481 +2 +33%
TIM
838
Tortoise Investment Management
New York
$1.96K +$961 +4 +100%
TCM
839
TD Capital Management
Tennessee
$1.74K – – –
CA
840
Crewe Advisors
Utah
$1.72K -$11.8K -49 -88%
HIA
841
HFM Investment Advisors
New Jersey
$1.72K – – –
BHWM
842
Bay Harbor Wealth Management
Maryland
$1.72K +$240 +1 +17%
DWM
843
Dogwood Wealth Management
Kansas
$1.47K – – –
KG
844
Kilter Group
New York
$1.47K – – –
LAM
845
Lummis Asset Management
Texas
$1.47K – – –
TFM
846
TFC Financial Management
Massachusetts
$1.47K – – –
EWP
847
Elevation Wealth Partners
California
$1.47K +$1.44K +6 New
IWM
848
IMG Wealth Management
Florida
$1.47K +$1.44K +6 New
MWM
849
Mascoma Wealth Management
New Hampshire
$1.47K +$1.44K +6 New
CWP
850
Clark Wealth Partners
Illinois
$1.25K – – –
32 33
34
35 36

CBOE Hedge Fund Activity: Q3 2025 in Review

881 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Cboe Global Markets (CBOE) for Q3 2025, worth a combined $22B — up 2.3% from $21.5B a quarter earlier.

Buyers outnumbered sellers: 104 funds opened new CBOE positions and 49 closed out — a net gain of 55 holders — while 326 added to existing stakes and 308 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $439M. The largest seller was AllianceBernstein, cutting an estimated $739M.

  • 881 institutional investors held Cboe Global Markets (CBOE) as of Q3 2025, up from 838 in Q2 2025.
  • Funds reported $22B of Cboe Global Markets stock for Q3 2025, up 2.3% quarter-over-quarter.
  • 104 funds opened new Cboe Global Markets positions in Q3 2025 and 49 closed out, a net change of +55 holders.
  • The largest Cboe Global Markets buyer in Q3 2025 was Fidelity Investments, an estimated $439M added.
  • The largest Cboe Global Markets seller in Q3 2025 was AllianceBernstein, an estimated $739M sold.

Based on aggregated 13F filings for Q3 2025.