We are live on ! Find out more
DH icon

Definitive Healthcare
DH

121 hedge funds and large institutions have $382M invested in Definitive Healthcare in 2025 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 46 increasing their positions, 37 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more capital invested

Capital invested by funds: $295M → $382M (+$86.6M)

24% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 37

0.73% more ownership

Funds ownership: 90.54% → 91.26% (+0.73%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

11% less funds holding

Funds holding: 136 → 121 (-15)

37% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 35

Holders
121
Holders Change
-15
Holders Change %
-11.03%
% of All Funds
1.59%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
22
Increased
46
Reduced
37
Closed
35
Calls
$134K
Puts
–
Net Calls
+$134K
Net Calls Change
+$116K

Top Buyers

Rank Fund Capital Flow
1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$3.43M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$1.69M
3
Renaissance Technologies
Renaissance Technologies
New York
+$1.27M
4
Morgan Stanley
Morgan Stanley
New York
+$724K
5
Millennium Management
Millennium Management
New York
+$713K

Top Sellers

Rank Fund Capital Flow
1
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$9.07M
2
BlackRock
BlackRock
New York
-$3.05M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$2.85M
4
WCA
Whetstone Capital Advisors
Kansas
-$2.51M
5
AG
Algert Global
California
-$622K
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$740K -$588K -186,749 -50%
Two Sigma Advisers
27
Two Sigma Advisers
New York
$612K -$126K -40,100 -20%
Marshall Wace
28
Marshall Wace
United Kingdom
$610K +$493K +156,499 New
Verition Fund Management
29
Verition Fund Management
Connecticut
$580K +$53.2K +16,900 +13%
Walleye Capital
30
Walleye Capital
New York
$577K +$362K +114,894 +347%
Two Sigma Investments
31
Two Sigma Investments
New York
$548K -$238K -75,467 -35%
SOW
32
State of Wyoming
Wyoming
$521K +$341K +108,154 +424%
AllianceBernstein
33
AllianceBernstein
Tennessee
$519K +$139K +44,200 +50%
Victory Capital Management
34
Victory Capital Management
Texas
$516K -$288K -91,559 -41%
PA
35
Pinnacle Associates
New York
$507K -$410K -130,000 -50%
PWMAG
36
Pinnacle Wealth Management Advisory Group
New Jersey
$507K -$410K -130,000 -50%
Citigroup
37
Citigroup
New York
$507K +$287K +91,102 +235%
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
$459K -$24.7K -7,850 -6%
PAM
39
Panagora Asset Management
Massachusetts
$442K – – –
BHCM
40
Brevan Howard Capital Management
Jersey
$437K +$305K +96,869 +635%
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$359K -$1.75K -556 -0.6%
IC
42
IEQ Capital
California
$310K +$191K +60,716 +321%
CAU
43
Caxton Associates (UK)
$308K +$249K +79,007 New
Stifel Financial
44
Stifel Financial
Missouri
$302K +$9.82K +3,117 +4%
EGM
45
Engineers Gate Manager
New York
$292K +$236K +74,899 New
Axa
46
Axa
France
$288K +$233K +73,923 New
Invesco
47
Invesco
Georgia
$284K +$34.7K +11,029 +18%
ECM
48
ExodusPoint Capital Management
New York
$282K +$228K +72,241 New
XT
49
XTX Topco
Cayman Islands
$268K -$123K -38,982 -36%
N
50
Nuveen
North Carolina
$264K -$114K -36,071 -35%
1
2
3 4 5

DH Hedge Fund Activity: Q2 2025 in Review

121 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Definitive Healthcare (DH) for Q2 2025, worth a combined $382M — up 29% from $295M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of DH and 22 opened new positions — a net loss of 13 holders — while 37 trimmed existing stakes and 46 added.

The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $3.43M. The largest seller was Massachusetts Financial Services, exiting entirely with an estimated $9.07M sold.

  • 121 institutional investors held Definitive Healthcare (DH) as of Q2 2025, down from 136 in Q1 2025.
  • Funds reported $382M of Definitive Healthcare stock for Q2 2025, up 29% quarter-over-quarter.
  • 22 funds opened new Definitive Healthcare positions in Q2 2025 and 35 closed out, a net change of -13 holders.
  • The largest Definitive Healthcare buyer in Q2 2025 was Arrowstreet Capital, an estimated $3.43M added.
  • The largest Definitive Healthcare seller in Q2 2025 was Massachusetts Financial Services, an estimated $9.07M sold.

Based on aggregated 13F filings for Q2 2025.