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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
RA
126
Rise Advisors
New York
$575 +$807 +199 New
LC
127
Lindbrook Capital
California
$338 -$3.34K -824 -88%
Russell Investments Group
128
Russell Investments Group
United Kingdom
$306 +$430 +106 New
CTWM
129
Cherry Tree Wealth Management
Minnesota
$223 – – –
CA
130
CoreCap Advisors
Michigan
$162 -$475 -117 -68%
RIL
131
Rothschild Investment LLC
Illinois
$130 +$183 +45 New
IA
132
IFP Advisors
Florida
$118 -$264 -65 -61%
QC
133
Quent Capital
New York
$118 – – –
TWD
134
True Wealth Design
Ohio
$53 -$211 -52 -74%
HNB
135
Huntington National Bank
Ohio
$3 – – –
ICM
136
Irenic Capital Management
New York
– -$28.8M -7,003,194 Closed
ACH
137
ArrowMark Colorado Holdings
Colorado
– -$4.1M -998,135 Closed
BFM
138
Boothbay Fund Management
New York
– -$1.57M -382,525 Closed
SCM
139
Sone Capital Management
New York
– -$953K -231,760 Closed
M&T Bank
140
M&T Bank
New York
– -$402K -97,877 Closed
ECM
141
ExodusPoint Capital Management
New York
– -$378K -92,076 Closed
ONPI
142
Owls Nest Partners IA
Pennsylvania
– -$222K -54,029 Closed
Marshall Wace
143
Marshall Wace
United Kingdom
– -$133K -32,282 Closed
Canada Pension Plan Investment Board
144
Canada Pension Plan Investment Board
Ontario, Canada
– -$120K -29,300 Closed
SPA
145
Sherbrooke Park Advisers
New York
– -$117K -28,352 Closed
JF
146
Jump Financial
Illinois
– -$110K -26,817 Closed
DIM
147
DC Investments Management
Virginia
– -$96.1K -23,392 Closed
LCM
148
Landscape Capital Management
New Jersey
– -$76.2K -18,546 Closed
DTL
149
Dynamic Technology Lab
Singapore
– -$55K -13,326 Closed
BFG
150
Bleakley Financial Group
New Jersey
– -$50.3K -12,233 Closed
3 4 5
6
7

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.