FIGS
FIGS
194 hedge funds and large institutions have $973M invested in FIGS in 2025 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 52 increasing their positions, 68 reducing their positions, and 18 closing their positions.
5,664% more call options, than puts
Call options by funds: $11.5M | Put options by funds: $200K
128% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 18
19% more capital invested
Capital invested by funds: $817M → $973M (+$156M)
13% more funds holding
Funds holding: 172 → 194 (+22)
0.07% less ownership
Funds ownership: 93.93% → 93.87% (-0.07%)
24% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 68
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFCM
Alta Fox Capital Management
Fort Worth,
Texas
|
+$6M |
| 2 |
Morgan Stanley
New York
|
+$5.53M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$5.35M |
| 4 |
Goldman Sachs
New York
|
+$3.44M |
| 5 |
BlackRock
New York
|
+$3.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$8.44M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$5.98M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$5.28M |
| 4 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$3.8M |
| 5 |
SBLIC
Security Benefit Life Insurance Company
Topeka,
Kansas
|
-$3.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QC
201
Quantessence Capital
New York
| – | -$184K | -32,640 | Closed |
|
|
AGM
202
Alpine Global Management
New York
| – | -$80.7K | -14,317 | Closed |
|
|
LCM
203
Laurion Capital Management
New York
| – | -$80.6K | -14,296 | Closed |
|
|
CFM
204
Catalyst Funds Management
Sydney NSW,
Australia
| – | -$72.2K | -12,800 | Closed |
|
205
Walleye Capital
New York
| – | -$64.6K | -11,456 | Closed |
|
206
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$61.1K | -10,840 | Closed |
|
|
FC
207
FORA Capital
Miami,
Florida
| – | -$58.9K | -10,444 | Closed |
|
|
BTC
208
Bank & Trust Company
Litchfield,
Illinois
| – | -$24K | -4,250 | Closed |
|
|
SS
209
Sunbelt Securities
Houston,
Texas
| – | -$3.1K | -500 | Closed |
|
|
CCMI
210
Creative Capital Management Investments
San Diego,
California
| – | -$846 | -150 | Closed |
|
|
NRG
211
Nemes Rush Group
Novi,
Michigan
| – | -$733 | -130 | Closed |
|
FIGS Hedge Fund Activity: Q3 2025 in Review
194 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in FIGS (FIGS) for Q3 2025, worth a combined $973M — up 19% from $817M a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new FIGS positions and 18 closed out — a net gain of 23 holders — while 52 added to existing stakes and 68 trimmed.
The largest buyer was Alta Fox Capital Management, opening a new position worth an estimated $6M. The largest seller was Ameriprise, cutting an estimated $8.44M.
- 194 institutional investors held FIGS (FIGS) as of Q3 2025, up from 172 in Q2 2025.
- Funds reported $973M of FIGS stock for Q3 2025, up 19% quarter-over-quarter.
- 41 funds opened new FIGS positions in Q3 2025 and 18 closed out, a net change of +23 holders.
- The largest FIGS buyer in Q3 2025 was Alta Fox Capital Management, an estimated $6M added.
- The largest FIGS seller in Q3 2025 was Ameriprise, an estimated $8.44M sold.
Based on aggregated 13F filings for Q3 2025.