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241 hedge funds and large institutions have $2.24B invested in FIGS in 2026 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 83 increasing their positions, 64 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more call options, than puts

Call options by funds: $36M | Put options by funds: $7.21M

300% more funds holding in top 10

Funds holding in top 10: 14 (+3)

144% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 25

36% more capital invested

Capital invested by funds: $1.64B → $2.24B (+$595M)

30% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 64

15% more funds holding

Funds holding: 209241 (+32)

3.3% more ownership

Funds ownership: 92.47%95.76% (+3.3%)

Holders
241
Holders Change
+32
Holders Change %
+15.31%
% of All Funds
2.95%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.05%
New
61
Increased
83
Reduced
64
Closed
25
Calls
$36M
Puts
$7.21M
Net Calls
+$28.8M
Net Calls Change
+$8.11M
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$14.6M -$12.6M -982,633 -50%
Vanguard Fiduciary Trust
27
Vanguard Fiduciary Trust
Pennsylvania
$14.3M +$12.4M +971,340 New
Northern Trust
28
Northern Trust
Illinois
$13.3M +$296K +23,086 +3%
TI
29
Trexquant Investment
Connecticut
$12.4M +$5.35M +417,575 +99%
BCIM
30
Black Creek Investment Management
Ontario, Canada
$12.2M -$4.76M -371,724 -31%
JP Morgan Chase
31
JP Morgan Chase
New York
$12.1M +$10.3M +806,144 +2,188%
Bank of America
32
Bank of America
North Carolina
$11.7M +$6.64M +517,918 +190%
Tudor Investment Corp
33
Tudor Investment Corp
Connecticut
$10M +$5.28M +412,067 +154%
Walleye Capital
34
Walleye Capital
New York
$8.46M +$7.34M +572,767 +57,276,700%
Squarepoint
35
Squarepoint
New York
$8.02M +$683K +53,280 +11%
BA
36
Bridgewater Associates
Connecticut
$7.67M +$6.66M +519,482 New
AFR
37
Applied Fundamental Research
Massachusetts
$7.61M -$4.62M -360,250 -41%
HIM
38
Hillsdale Investment Management
Ontario, Canada
$7.03M +$6.1M +475,860 New
AQR Capital Management
39
AQR Capital Management
Connecticut
$6.94M +$2.93M +228,918 +95%
RHJA
40
Rice Hall James & Associates
California
$6.4M -$1.06M -82,424 -16%
Fidelity Investments
41
Fidelity Investments
Massachusetts
$6.17M +$3.39M +264,738 +173%
PCM
42
Penserra Capital Management
California
$5.96M -$605K -47,192 -10%
EI
43
EAM Investors
California
$5.23M -$466K -36,342 -9%
MCC
44
Malaga Cove Capital
California
$5.07M -$107K -8,315 -2%
HF
45
HRT Financial
New York
$4.99M +$4.33M +338,050 New
Invesco
46
Invesco
Georgia
$4.87M -$2.23M -174,005 -35%
Russell Investments Group
47
Russell Investments Group
United Kingdom
$4.86M +$1.86M +145,368 +79%
EGM
48
Engineers Gate Manager
New York
$4.41M +$494K +38,552 +15%
American Century Companies
49
American Century Companies
Missouri
$4.3M +$25.5K +1,991 +0.7%
Robeco Institutional Asset Management
50
Robeco Institutional Asset Management
Netherlands
$4.25M +$3.69M +287,610 New

FIGS Hedge Fund Activity: Q1 2026 in Review

241 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in FIGS (FIGS) for Q1 2026, worth a combined $2.24B — up 36% from $1.64B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new FIGS positions and 25 closed out — a net gain of 36 holders — while 83 added to existing stakes and 64 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $32.6M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $66.9M.

  • 241 institutional investors held FIGS (FIGS) as of Q1 2026, up from 209 in Q4 2025.
  • Funds reported $2.24B of FIGS stock for Q1 2026, up 36% quarter-over-quarter.
  • 61 funds opened new FIGS positions in Q1 2026 and 25 closed out, a net change of +36 holders.
  • The largest FIGS buyer in Q1 2026 was Arrowstreet Capital, an estimated $32.6M added.
  • The largest FIGS seller in Q1 2026 was T. Rowe Price Investment Management, an estimated $66.9M sold.

Based on aggregated 13F filings for Q1 2026.