Figma
FIG
315 hedge funds and large institutions have $9.93B invested in Figma in 2025 Q4 according to their latest regulatory filings, with 137 funds opening new positions, 99 increasing their positions, 39 reducing their positions, and 54 closing their positions.
154% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 39
154% more first-time investments, than exits
New positions opened: 137 | Existing positions closed: 54
92% more funds holding in top 10
Funds holding in top 10: 13 → 25 (+12)
33% more funds holding
Funds holding: 236 → 315 (+79)
29% more call options, than puts
Call options by funds: $254M | Put options by funds: $196M
16.94% more ownership
Funds ownership: 46.94% → 63.88% (+17%)
1% less capital invested
Capital invested by funds: $9.98B → $9.93B (-$55.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Viking Global Investors
Stamford,
Connecticut
|
+$260M |
| 2 |
JP Morgan Chase
New York
|
+$165M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$126M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$123M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$83.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Iconiq Capital
San Francisco,
California
|
-$704M |
| 2 |
Coatue Management
New York
|
-$168M |
| 3 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$165M |
| 4 |
XL
XN LP
New York
|
-$97.4M |
| 5 |
FFVM
Founders Fund VI Management
San Francisco,
California
|
-$96.4M |
FIG Hedge Fund Activity: Q4 2025 in Review
315 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Figma (FIG) for Q4 2025, worth a combined $9.93B — down 0.55% from $9.98B a quarter earlier.
Buyers outnumbered sellers: 137 funds opened new FIG positions and 54 closed out — a net gain of 83 holders — while 99 added to existing stakes and 39 trimmed.
The largest buyer was Viking Global Investors, opening a new position worth an estimated $260M. The largest seller was Iconiq Capital, cutting an estimated $704M.
- 315 institutional investors held Figma (FIG) as of Q4 2025, up from 236 in Q3 2025.
- Funds reported $9.93B of Figma stock for Q4 2025, down 0.55% quarter-over-quarter.
- 137 funds opened new Figma positions in Q4 2025 and 54 closed out, a net change of +83 holders.
- The largest Figma buyer in Q4 2025 was Viking Global Investors, an estimated $260M added.
- The largest Figma seller in Q4 2025 was Iconiq Capital, an estimated $704M sold.
Based on aggregated 13F filings for Q4 2025.