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Definitive Healthcare

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: 127136 (+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: 21 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
AI
1
Advent International
Massachusetts
$181M
Goldman Sachs
2
Goldman Sachs
New York
$25.2M +$30M +7,404,363 +564%
BlackRock
3
BlackRock
New York
$11.8M -$694K -171,139 -4%
Vanguard Group
4
Vanguard Group
Pennsylvania
$11.1M -$3.53M -869,367 -19%
Massachusetts Financial Services
5
Massachusetts Financial Services
Massachusetts
$9.07M -$7.41M -1,825,873 -37%
PCM
6
Palisade Capital Management
New Jersey
$6.55M +$121K +29,774 +1%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$5.69M +$419K +103,262 +6%
State Street
8
State Street
Massachusetts
$3.99M -$20K -4,925 -0.4%
Morgan Stanley
9
Morgan Stanley
New York
$3.82M +$2.22M +546,954 +71%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$3.59M -$126K -31,044 -2%
D.E. Shaw & Co
11
D.E. Shaw & Co
New York
$2.52M +$655K +161,322 +23%
WCA
12
Whetstone Capital Advisors
Kansas
$2.51M +$3.53M +869,275 New
New York State Common Retirement Fund
13
New York State Common Retirement Fund
New York
$2.21M -$34.2K -8,425 -1%
Bank of America
14
Bank of America
North Carolina
$1.8M +$17.4K +4,298 +0.7%
AQR Capital Management
15
AQR Capital Management
Connecticut
$1.71M +$867K +213,562 +57%
Northern Trust
16
Northern Trust
Illinois
$1.33M -$145K -35,657 -7%
Charles Schwab
17
Charles Schwab
California
$1.33M +$156K +38,443 +9%
JP Morgan Chase
18
JP Morgan Chase
New York
$1.09M +$184K +45,341 +14%
UBS Group
19
UBS Group
Switzerland
$889K +$925K +227,935 +286%
Renaissance Technologies
20
Renaissance Technologies
New York
$866K -$1.13M -279,700 -48%
TAM
21
Tocqueville Asset Management
New York
$766K +$264K +65,000 +33%
PA
22
Pinnacle Associates
New York
$751K +$1.06M +260,000 New
PWMAG
23
Pinnacle Wealth Management Advisory Group
New Jersey
$751K +$1.06M +260,000 New
Connor, Clark & Lunn Investment Management (CC&L)
24
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$723K +$420K +103,529 +71%
CEI
25
Clark Estates Inc
New York
$693K -$371K -91,497 -28%

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.