Clearwater Analytics
CWAN
CWAN was delisted on the 24th of June, 2026.
329 hedge funds and large institutions have $5.05B invested in Clearwater Analytics in 2025 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 139 increasing their positions, 120 reducing their positions, and 110 closing their positions.
337% more call options, than puts
Call options by funds: $44.9M | Put options by funds: $10.3M
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
16% more repeat investments, than reductions
Existing positions increased: 139 | Existing positions reduced: 120
13.34% less ownership
Funds ownership: 110.69% → 97.35% (-13%)
17% less funds holding
Funds holding: 398 → 329 (-69)
18% less capital invested
Capital invested by funds: $6.18B → $5.05B (-$1.13B)
58% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 110
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$194M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$188M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$121M |
| 4 |
HCM
HMI Capital Management
San Francisco,
California
|
+$109M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
+$65.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$198M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$127M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$116M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$85.3M |
| 5 |
Millennium Management
New York
|
-$80.3M |
CWAN Hedge Fund Activity: Q3 2025 in Review
329 of the 7,631 institutional investors tracked by Wall St. Rank reported a position in Clearwater Analytics (CWAN) for Q3 2025, worth a combined $5.05B — down 18% from $6.18B a quarter earlier.
Sellers outnumbered buyers: 110 funds closed out of CWAN and 46 opened new positions — a net loss of 64 holders — while 120 trimmed existing stakes and 139 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $194M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $198M.
- 329 institutional investors held Clearwater Analytics (CWAN) as of Q3 2025, down from 398 in Q2 2025.
- Funds reported $5.05B of Clearwater Analytics stock for Q3 2025, down 18% quarter-over-quarter.
- 46 funds opened new Clearwater Analytics positions in Q3 2025 and 110 closed out, a net change of -64 holders.
- The largest Clearwater Analytics buyer in Q3 2025 was T. Rowe Price Associates, an estimated $194M added.
- The largest Clearwater Analytics seller in Q3 2025 was Kayne Anderson Rudnick Investment Management, an estimated $198M sold.
Based on aggregated 13F filings for Q3 2025.