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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
AFG
851
Albion Financial Group
Utah
$1.23K +$1.2K +5 New
AF
852
Aviso Financial
Ontario, Canada
$1.23K -$627K -2,608 -100%
CIAS
853
CBIZ Investment Advisory Services
Ohio
$1.23K +$721 +3 +150%
BFS
854
Bare Financial Services
Pennsylvania
$1.23K +$1.2K +5 New
RF
855
Rossby Financial
Florida
$1.21K – – –
Kayne Anderson Rudnick Investment Management
856
Kayne Anderson Rudnick Investment Management
California
$981 – – –
SFCL
857
Strengthening Families & Communities LLC
Massachusetts
$981 – – –
TCB
858
Texas Capital Bancshares
Texas
$981 +$961 +4 New
AWM
859
Abound Wealth Management
Tennessee
$736 – – –
PWA
860
Principia Wealth Advisory
Texas
$736 – – –
QWM
861
Quaker Wealth Management
New Jersey
$736 – – –
RPA
862
Redwood Park Advisors
California
$736 – – –
VWA
863
Valued Wealth Advisors
Utah
$736 – – –
WA
864
WestEnd Advisors
North Carolina
$736 – – –
SA
865
Seneschal Advisors
Washington
$736 +$721 +3 New
SC
866
SouthState Corp
Florida
$491 -$4.08K -17 -89%
CA
867
CoreCap Advisors
Michigan
$491 – – –
BIM
868
Breakwater Investment Management
Washington
$491 +$481 +2 New
FC
869
Financial Consulate
Maryland
$491 +$481 +2 New
NC
870
North Capital
Utah
$491 +$481 +2 New
WWA
871
Wealth Watch Advisors
Colorado
$491 +$481 +2 New
BLC
872
Brown, Lisle/Cummings
Rhode Island
$302 – – –
ACA
873
American Capital Advisory
Idaho
$246 – – –
DFA
874
DHJJ Financial Advisors
Illinois
$246 – – –
PAM
875
Palisade Asset Management
Minnesota
$246 +$240 +1 New
33 34
35
36 37

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.