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FIGS
FIGS

190 hedge funds and large institutions have $689M invested in FIGS in 2023 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 68 increasing their positions, 49 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

184% more call options, than puts

Call options by funds: $4.49M | Put options by funds: $1.58M

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

39% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 49

18% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 34

2% more funds holding

Funds holding: 187 → 190 (+3)

1.28% less ownership

Funds ownership: 74.06% → 72.78% (-1.3%)

29% less capital invested

Capital invested by funds: $977M → $689M (-$288M)

Holders
190
Holders Change
+3
Holders Change %
+1.6%
% of All Funds
3.02%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
40
Increased
68
Reduced
49
Closed
34
Calls
$4.49M
Puts
$1.58M
Net Calls
+$2.91M
Net Calls Change
-$3.7M

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$18.5M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$10.2M
3
BAMCO Inc
BAMCO Inc
New York
+$9.79M
4
GIP
Granite Investment Partners
California
+$7.77M
5
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$7.44M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$40.5M
2
Citadel Advisors
Citadel Advisors
Florida
-$17.5M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$11.2M
4
Millennium Management
Millennium Management
New York
-$6.92M
5
GIM
Granahan Investment Management
Massachusetts
-$6.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Verition Fund Management
26
Verition Fund Management
Connecticut
$3.87M +$4.37M +656,416 New
PCM
27
Penserra Capital Management
California
$3.84M +$573K +86,047 +15%
Renaissance Technologies
28
Renaissance Technologies
New York
$3.56M +$1.52M +227,818 +61%
Citadel Advisors
29
Citadel Advisors
Florida
$2.99M -$17.5M -2,632,518 -84%
Goldman Sachs
30
Goldman Sachs
New York
$2.48M -$1.15M -173,327 -29%
Squarepoint
31
Squarepoint
New York
$2.31M +$1.87M +281,302 +255%
PP
32
PDT Partners
New York
$2.26M +$1.98M +298,070 +347%
Bank of America
33
Bank of America
North Carolina
$2.07M -$1.05M -157,837 -31%
Alyeska Investment Group
34
Alyeska Investment Group
Illinois
$2.06M +$2.33M +350,000 New
JF
35
Jump Financial
Illinois
$2.03M +$1.57M +236,243 +220%
N
36
Nuveen
North Carolina
$2.01M -$101K -15,116 -4%
Corient Private Wealth
37
Corient Private Wealth
Florida
$1.95M +$1.32K +198 +0.1%
Millennium Management
38
Millennium Management
New York
$1.91M -$6.92M -1,040,345 -76%
Nordea Investment Management
39
Nordea Investment Management
Sweden
$1.86M +$10.4K +1,559 +0.5%
Jacobs Levy Equity Management
40
Jacobs Levy Equity Management
New Jersey
$1.78M +$2.01M +301,350 New
Swiss National Bank
41
Swiss National Bank
Switzerland
$1.66M +$20.6K +3,100 +1%
PCM
42
Prentice Capital Management
Connecticut
$1.64M +$675K +101,388 +57%
AG
43
Algert Global
California
$1.64M +$1.01M +152,460 +121%
Victory Capital Management
44
Victory Capital Management
Texas
$1.63M -$14K -2,096 -0.8%
First Trust Advisors
45
First Trust Advisors
Illinois
$1.62M +$1.31M +197,070 +253%
TI
46
Trexquant Investment
Connecticut
$1.51M +$1.2M +180,452 +237%
SL
47
SIB LLC
New York
$1.42M – – –
HighTower Advisors
48
HighTower Advisors
Illinois
$1.37M +$1.3K +195 +0.1%
JP Morgan Chase
49
JP Morgan Chase
New York
$1.35M -$81.4K -12,237 -5%
Qube Research & Technologies (QRT)
50
Qube Research & Technologies (QRT)
United Kingdom
$1.1M +$200K +30,090 +19%
1
2
3 4 5

FIGS Hedge Fund Activity: Q3 2023 in Review

190 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in FIGS (FIGS) for Q3 2023, worth a combined $689M — down 29% from $977M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new FIGS positions and 34 closed out — a net gain of 6 holders — while 68 added to existing stakes and 49 trimmed.

The largest buyer was Ameriprise, adding an estimated $18.5M. The largest seller was Fidelity Investments, cutting an estimated $40.5M.

  • 190 institutional investors held FIGS (FIGS) as of Q3 2023, up from 187 in Q2 2023.
  • Funds reported $689M of FIGS stock for Q3 2023, down 29% quarter-over-quarter.
  • 40 funds opened new FIGS positions in Q3 2023 and 34 closed out, a net change of +6 holders.
  • The largest FIGS buyer in Q3 2023 was Ameriprise, an estimated $18.5M added.
  • The largest FIGS seller in Q3 2023 was Fidelity Investments, an estimated $40.5M sold.

Based on aggregated 13F filings for Q3 2023.