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FAT

FAT Brands

Delisted

FAT was delisted on the 3rd of February, 2026.

19 hedge funds and large institutions have $131K invested in FAT Brands in 2025 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 1 increasing their positions, 8 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.39% less ownership

Funds ownership: 6.91%2.52% (-4.4%)

5% less funds holding

Funds holding: 2019 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

88% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 8

94% less capital invested

Capital invested by funds: $2.23M → $131K (-$2.1M)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
19
Holders Change
-1
Holders Change %
-5%
% of All Funds
0.23%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
6
Increased
1
Reduced
8
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$63.9K -$18.2K -15,171 -7%
XT
2
XTX Topco
Cayman Islands
$15K +$57K +47,558 New
Geode Capital Management
3
Geode Capital Management
Massachusetts
$12.4K -$158 -132 -0.3%
Jane Street
4
Jane Street
New York
$10.3K +$39.4K +32,832 New
UBS Group
5
UBS Group
Switzerland
$9.44K -$54.1K -45,082 -60%
BlackRock
6
BlackRock
New York
$5.05K +$777 +648 +4%
VF
7
Virtu Financial
New York
$4K +$16.4K +13,675 New
Osaic Holdings
8
Osaic Holdings
Arizona
$3.61K -$97.2K -81,093 -87%
Northern Trust
9
Northern Trust
Illinois
$3.46K -$11.7K -9,768 -47%
HF
10
HRT Financial
New York
$3K +$14.6K +12,176 New
CA
11
Clearstead Advisors
Ohio
$158
Morgan Stanley
12
Morgan Stanley
New York
$141 -$5.22K -4,350 -91%
BTC
13
Bank & Trust Company
Illinois
$63
TRCT
14
Tower Research Capital (TRC)
New York
$50 -$100 -83 -34%
SS
15
SBI Securities
Japan
$50 -$10 -8 -5%
Fidelity Investments
16
Fidelity Investments
Massachusetts
$10 +$38 +32 New
Bank of America
17
Bank of America
North Carolina
$1
ACM
18
ADW Capital Management
Florida
-$1.15M -587,400 Closed
BCM
19
Brookstone Capital Management
Illinois
-$62.8K -32,225 Closed
Citadel Advisors
20
Citadel Advisors
Florida
-$59.4K -30,473 Closed
Renaissance Technologies
21
Renaissance Technologies
New York
-$34.7K -17,800 Closed
FF
22
Formulate Financial
Florida
-$22.1K -11,333 Closed
FIA
23
FNY Investment Advisers
New York
-$2K -1,121 Closed
Citigroup
24
Citigroup
New York
-$2 -1 Closed
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
+$464 +387 New

FAT Hedge Fund Activity: Q4 2025 in Review

19 of the 8,238 institutional investors tracked by Wall St. Rank reported a position in FAT Brands (FAT) for Q4 2025, worth a combined $131K — down 94% from $2.23M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of FAT and 6 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 1 added.

The largest buyer was XTX Topco, opening a new position worth an estimated $57K. The largest seller was ADW Capital Management, exiting entirely with an estimated $1.15M sold.

  • 19 institutional investors held FAT Brands (FAT) as of Q4 2025, down from 20 in Q3 2025.
  • Funds reported $131K of FAT Brands stock for Q4 2025, down 94% quarter-over-quarter.
  • 6 funds opened new FAT Brands positions in Q4 2025 and 7 closed out, a net change of -1 holder.
  • The largest FAT Brands buyer in Q4 2025 was XTX Topco, an estimated $57K added.
  • The largest FAT Brands seller in Q4 2025 was ADW Capital Management, an estimated $1.15M sold.

Based on aggregated 13F filings for Q4 2025.