Clearwater Analytics
CWAN
CWAN was delisted on the 24th of June, 2026.
384 hedge funds and large institutions have $7.55B invested in Clearwater Analytics in 2025 Q4 according to their latest regulatory filings, with 129 funds opening new positions, 130 increasing their positions, 104 reducing their positions, and 71 closing their positions.
124% more call options, than puts
Call options by funds: $223M | Put options by funds: $99.5M
100% more funds holding in top 10
Funds holding in top 10: 9 → 18 (+9)
82% more first-time investments, than exits
New positions opened: 129 | Existing positions closed: 71
49% more capital invested
Capital invested by funds: $5.05B → $7.55B (+$2.5B)
25% more repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 104
17% more funds holding
Funds holding: 329 → 384 (+55)
11.26% more ownership
Funds ownership: 97.35% → 108.61% (+11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
+$199M |
| 2 |
KC
Keenan Capital
Burlingame,
California
|
+$73.3M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$66.1M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$63M |
| 5 |
SFM
Soros Fund Management
New York
|
+$57.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$260M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$88.8M |
| 3 |
William Blair & Company
Chicago,
Illinois
|
-$75.3M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
-$54M |
| 5 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$53.2M |
CWAN Hedge Fund Activity: Q4 2025 in Review
384 of the 8,252 institutional investors tracked by Wall St. Rank reported a position in Clearwater Analytics (CWAN) for Q4 2025, worth a combined $7.55B — up 49% from $5.05B a quarter earlier.
Buyers outnumbered sellers: 129 funds opened new CWAN positions and 71 closed out — a net gain of 58 holders — while 130 added to existing stakes and 104 trimmed.
The largest buyer was Starboard Value, opening a new position worth an estimated $199M. The largest seller was Wellington Management Group, cutting an estimated $260M.
- 384 institutional investors held Clearwater Analytics (CWAN) as of Q4 2025, up from 329 in Q3 2025.
- Funds reported $7.55B of Clearwater Analytics stock for Q4 2025, up 49% quarter-over-quarter.
- 129 funds opened new Clearwater Analytics positions in Q4 2025 and 71 closed out, a net change of +58 holders.
- The largest Clearwater Analytics buyer in Q4 2025 was Starboard Value, an estimated $199M added.
- The largest Clearwater Analytics seller in Q4 2025 was Wellington Management Group, an estimated $260M sold.
Based on aggregated 13F filings for Q4 2025.