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172 hedge funds and large institutions have $817M invested in FIGS in 2025 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 40 increasing their positions, 70 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

5,263% more call options, than puts

Call options by funds: $8.74M | Put options by funds: $163K

19% more capital invested

Capital invested by funds: $687M → $817M (+$131M)

17% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 29

2% more funds holding

Funds holding: 168172 (+4)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

2.25% less ownership

Funds ownership: 96.18%93.93% (-2.2%)

43% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 70

Holders
172
Holders Change
+4
Holders Change %
+2.38%
% of All Funds
2.26%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
34
Increased
40
Reduced
70
Closed
29
Calls
$8.74M
Puts
$163K
Net Calls
+$8.58M
Net Calls Change
+$2.56M
Name Holding Trade Value Shares
Change
Change in
Stake
QC
101
Quantessence Capital
New York
$184K +$151K +32,640 New
PD
102
Point72 (DIFC)
United Arab Emirates
$179K +$146K +31,704 New
VA
103
Vident Advisory
Georgia
$156K -$172K -37,306 -57%
CPRC
104
Consolidated Portfolio Review Corp
New York
$155K -$2.31K -500 -2%
ASRS
105
Arizona State Retirement System
Arizona
$152K -$3.66K -793 -3%
VOYA Investment Management
106
VOYA Investment Management
Georgia
$146K -$44.1K -9,546 -27%
YIH
107
Y-Intercept (HK)
Hong Kong
$141K +$116K +25,037 New
US Bancorp
108
US Bancorp
Minnesota
$139K +$43.3K +9,386 +61%
KK
109
KLP Kapitalforvaltning
Norway
$134K
SG Americas Securities
110
SG Americas Securities
New York
$122K -$398K -86,304 -80%
PFSRSONJ
111
Police & Firemen's Retirement System of New Jersey
New Jersey
$116K -$26.5K -5,748 -22%
Zurich Cantonal Bank
112
Zurich Cantonal Bank
Switzerland
$113K
KA
113
Kerrisdale Advisers
Florida
$109K
Pictet Asset Management
114
Pictet Asset Management
Switzerland
$106K
Cerity Partners
115
Cerity Partners
New York
$103K -$1.47K -319 -2%
FRM
116
Fox Run Management
Connecticut
$99.6K +$81.5K +17,655 New
EW
117
Evoke Wealth
California
$98.9K -$5.88K -1,273 -7%
Stifel Financial
118
Stifel Financial
Missouri
$95.5K +$21.6K +4,672 +38%
CCIA
119
Campbell & Co Investment Adviser
Maryland
$91.9K +$75.2K +16,303 New
HighTower Advisors
120
HighTower Advisors
Illinois
$88.1K
New York State Common Retirement Fund
121
New York State Common Retirement Fund
New York
$85K -$79.4K -17,200 -53%
GC
122
Guggenheim Capital
Illinois
$84.7K -$1.74K -376 -2%
AGM
123
Alpine Global Management
New York
$80.7K +$66.1K +14,317 New
Teacher Retirement System of Texas
124
Teacher Retirement System of Texas
Texas
$80.7K -$808 -175 -1%
QCM
125
Quantinno Capital Management
New York
$80.7K -$42.3K -9,156 -39%

FIGS Hedge Fund Activity: Q2 2025 in Review

172 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in FIGS (FIGS) for Q2 2025, worth a combined $817M — up 19% from $687M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new FIGS positions and 29 closed out — a net gain of 5 holders — while 40 added to existing stakes and 70 trimmed.

The largest buyer was BAMCO Inc, adding an estimated $6.01M. The largest seller was Vanguard Group, cutting an estimated $16.2M.

  • 172 institutional investors held FIGS (FIGS) as of Q2 2025, up from 168 in Q1 2025.
  • Funds reported $817M of FIGS stock for Q2 2025, up 19% quarter-over-quarter.
  • 34 funds opened new FIGS positions in Q2 2025 and 29 closed out, a net change of +5 holders.
  • The largest FIGS buyer in Q2 2025 was BAMCO Inc, an estimated $6.01M added.
  • The largest FIGS seller in Q2 2025 was Vanguard Group, an estimated $16.2M sold.

Based on aggregated 13F filings for Q2 2025.