Dynex Capital
262 hedge funds and large institutions have $990M invested in Dynex Capital in 2025 Q4 according to their latest regulatory filings, with 82 funds opening new positions, 115 increasing their positions, 38 reducing their positions, and 29 closing their positions.
203% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 38
183% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 29
31% more capital invested
Capital invested by funds: $758M → $990M (+$232M)
24% more funds holding
Funds holding: 212 → 262 (+50)
0.71% more ownership
Funds ownership: 47.43% → 48.14% (+0.71%)
72% less call options, than puts
Call options by funds: $1.65M | Put options by funds: $5.88M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
+$37.9M |
| 2 |
Two Sigma Investments
New York
|
+$29.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$13.5M |
| 4 |
BlackRock
New York
|
+$12M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$31.2M |
| 2 |
AU
Algebris (UK)
London,
United Kingdom
|
-$20.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$11.7M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$10.1M |
| 5 |
EH
EMG Holdings
Old Greenwich,
Connecticut
|
-$8.55M |
DX Hedge Fund Activity: Q4 2025 in Review
262 of the 8,265 institutional investors tracked by Wall St. Rank reported a position in Dynex Capital (DX) for Q4 2025, worth a combined $990M — up 31% from $758M a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new DX positions and 29 closed out — a net gain of 53 holders — while 115 added to existing stakes and 38 trimmed.
The largest buyer was Two Sigma Advisers, adding an estimated $37.9M. The largest seller was Royal Bank of Canada, cutting an estimated $31.2M.
- 262 institutional investors held Dynex Capital (DX) as of Q4 2025, up from 212 in Q3 2025.
- Funds reported $990M of Dynex Capital stock for Q4 2025, up 31% quarter-over-quarter.
- 82 funds opened new Dynex Capital positions in Q4 2025 and 29 closed out, a net change of +53 holders.
- The largest Dynex Capital buyer in Q4 2025 was Two Sigma Advisers, an estimated $37.9M added.
- The largest Dynex Capital seller in Q4 2025 was Royal Bank of Canada, an estimated $31.2M sold.
Based on aggregated 13F filings for Q4 2025.