We are live on ! Find out more
DH icon

Definitive Healthcare
DH

136 hedge funds and large institutions have $295M invested in Definitive Healthcare in 2025 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 43 increasing their positions, 44 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more call options, than puts

Call options by funds: $38K | Put options by funds: $20K

45% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 20

7% more funds holding

Funds holding: 127 → 136 (+9)

0.34% less ownership

Funds ownership: 90.88% → 90.54% (-0.34%)

2% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 44

32% less capital invested

Capital invested by funds: $431M → $295M (-$136M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
136
Holders Change
+9
Holders Change %
+7.09%
% of All Funds
1.82%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
29
Increased
43
Reduced
44
Closed
20
Calls
$38K
Puts
$20K
Net Calls
+$18K
Net Calls Change
-$99K

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$30M
2
WCA
Whetstone Capital Advisors
Kansas
+$3.53M
3
Morgan Stanley
Morgan Stanley
New York
+$2.22M
4
PA
Pinnacle Associates
New York
+$1.06M
5
PWMAG
Pinnacle Wealth Management Advisory Group
New Jersey
+$1.06M

Top Sellers

1
ICM
Irenic Capital Management
New York
-$28.8M
2
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$7.41M
3
ACH
ArrowMark Colorado Holdings
Colorado
-$4.1M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$3.53M
5
Millennium Management
Millennium Management
New York
-$3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
51
Stifel Financial
Missouri
$215K +$236K +58,203 +361%
Barclays
52
Barclays
United Kingdom
$180K -$118K -29,134 -32%
Invesco
53
Invesco
Georgia
$179K +$40.6K +10,012 +19%
BTWM
54
Baker Tilly Wealth Management
Wisconsin
$174K +$39.3K +9,680 +19%
Mirae Asset Global ETFs Holdings
55
Mirae Asset Global ETFs Holdings
Hong Kong
$173K +$10K +2,475 +4%
VFA
56
Valeo Financial Advisors
Indiana
$171K +$434 +107 +0.2%
IIM
57
INTECH Investment Management
Florida
$161K +$92.1K +22,691 +69%
PP
58
PDT Partners
New York
$152K +$213K +52,450 New
California State Teachers Retirement System (CalSTRS)
59
California State Teachers Retirement System (CalSTRS)
California
$142K – – –
HWAM
60
Hennion & Walsh Asset Management
New Jersey
$135K -$16.5K -4,066 -8%
Principal Financial Group
61
Principal Financial Group
Iowa
$131K +$4.94K +1,218 +3%
TSS
62
Two Sigma Securities
New York
$130K +$128K +31,439 +230%
Allianz Asset Management
63
Allianz Asset Management
Germany
$121K +$70.2K +17,300 +70%
CC
64
Centiva Capital
New York
$118K +$166K +40,977 New
Citigroup
65
Citigroup
New York
$112K -$20.1K -4,954 -11%
JG
66
Jain Global
New York
$112K +$157K +38,640 New
Legal & General Group
67
Legal & General Group
United Kingdom
$108K – – –
Thrivent Financial for Lutherans
68
Thrivent Financial for Lutherans
Minnesota
$108K – – –
MCM
69
Massar Capital Management
Connecticut
$101K +$142K +35,000 New
Walleye Capital
70
Walleye Capital
New York
$95.6K -$49.7K -12,238 -27%
Millennium Management
71
Millennium Management
New York
$93.7K -$3M -740,499 -96%
Wells Fargo
72
Wells Fargo
California
$90.7K +$369 +91 +0.3%
MAM
73
Martingale Asset Management
Massachusetts
$87K +$122K +30,113 New
Deutsche Bank
74
Deutsche Bank
Germany
$83K -$19.7K -4,844 -14%
Fidelity Investments
75
Fidelity Investments
Massachusetts
$78.4K +$90.6K +22,336 +466%
1 2
3
4 5

DH Hedge Fund Activity: Q1 2025 in Review

136 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Definitive Healthcare (DH) for Q1 2025, worth a combined $295M — down 32% from $431M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new DH positions and 20 closed out — a net gain of 9 holders — while 43 added to existing stakes and 44 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $30M. The largest seller was Irenic Capital Management, exiting entirely with an estimated $28.8M sold.

  • 136 institutional investors held Definitive Healthcare (DH) as of Q1 2025, up from 127 in Q4 2024.
  • Funds reported $295M of Definitive Healthcare stock for Q1 2025, down 32% quarter-over-quarter.
  • 29 funds opened new Definitive Healthcare positions in Q1 2025 and 20 closed out, a net change of +9 holders.
  • The largest Definitive Healthcare buyer in Q1 2025 was Goldman Sachs, an estimated $30M added.
  • The largest Definitive Healthcare seller in Q1 2025 was Irenic Capital Management, an estimated $28.8M sold.

Based on aggregated 13F filings for Q1 2025.