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FNA

Paragon 28, Inc.
FNA

Delisted

FNA was delisted on the 17th of April, 2025.

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113 hedge funds and large institutions have $336M invested in Paragon 28, Inc. in 2024 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 37 increasing their positions, 34 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

889% more call options, than puts

Call options by funds: $188K | Put options by funds: $19K

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

10% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 20

2% more funds holding

Funds holding: 111 → 113 (+2)

9% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 34

3% more capital invested

Capital invested by funds: $326M → $336M (+$9.5M)

Holders
113
Holders Change
+2
Holders Change %
+1.8%
% of All Funds
1.62%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.07%
New
22
Increased
37
Reduced
34
Closed
20
Calls
$188K
Puts
$19K
Net Calls
+$169K
Net Calls Change
+$160K

Top Buyers

Rank Fund Capital Flow
1
FLAM
First Light Asset Management
Minnesota
+$15M
2
CCM
Cadian Capital Management
New York
+$14.4M
3
JP Morgan Chase
JP Morgan Chase
New York
+$5.68M
4
EP
Eversept Partners
New York
+$5.67M
5
HWM
HighMark Wealth Management
Minnesota
+$3.19M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$4.96M
2
Citadel Advisors
Citadel Advisors
Florida
-$4.58M
3
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$2.63M
4
Handelsbanken Fonder
Handelsbanken Fonder
Sweden
-$2.39M
5
PM
Prosight Management
Texas
-$1.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
N
26
Nuveen
North Carolina
$1.13M +$23.4K +3,085 +2%
Macquarie Group
27
Macquarie Group
Australia
$1.02M +$7.92K +1,045 +0.7%
UOC
28
UBS O'Connor
Illinois
$1.01M -$121K -15,925 -10%
Bank of New York Mellon
29
Bank of New York Mellon
New York
$829K -$271K -35,751 -22%
SCM
30
Stonepine Capital Management
Oregon
$766K +$869K +114,724 New
PGCM
31
Prescott Group Capital Management
Oklahoma
$668K +$108K +14,204 +17%
Dimensional Fund Advisors
32
Dimensional Fund Advisors
Texas
$620K -$302K -39,915 -30%
Barclays
33
Barclays
United Kingdom
$567K +$413K +54,591 +181%
VFA
34
Valeo Financial Advisors
Indiana
$561K – – –
MWA
35
MN Wealth Advisors
Kansas
$557K – – –
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$555K +$629K +83,099 New
Swiss National Bank
37
Swiss National Bank
Switzerland
$544K – – –
SEI Investments
38
SEI Investments
Pennsylvania
$525K +$7.73K +1,020 +1%
NPT
39
National Philanthropic Trust
Pennsylvania
$504K – – –
UBS AM
40
UBS AM
Illinois
$501K -$16.9K -2,228 -3%
AllianceBernstein
41
AllianceBernstein
Tennessee
$452K – – –
II
42
Inspire Investing
Idaho
$415K +$73.3K +9,681 +18%
RhumbLine Advisers
43
RhumbLine Advisers
Massachusetts
$413K -$29.5K -3,890 -6%
ECM
44
ExodusPoint Capital Management
New York
$397K +$450K +59,380 New
GCP
45
GSA Capital Partners
United Kingdom
$386K +$437K +57,744 New
Citadel Advisors
46
Citadel Advisors
Florida
$332K -$4.58M -604,017 -92%
B
47
Bensler
Washington
$303K – – –
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$265K -$9.1K -1,202 -3%
ACM
49
Aquatic Capital Management
Illinois
$237K +$18.2K +2,400 +7%
Citigroup
50
Citigroup
New York
$228K +$181K +23,879 +233%
1
2
3 4 5

FNA Hedge Fund Activity: Q3 2024 in Review

113 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Paragon 28, Inc. (FNA) for Q3 2024, worth a combined $336M — up 2.9% from $326M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new FNA positions and 20 closed out — a net gain of 2 holders — while 37 added to existing stakes and 34 trimmed.

The largest buyer was First Light Asset Management, adding an estimated $15M. The largest seller was Millennium Management, exiting entirely with an estimated $4.96M sold.

  • 113 institutional investors held Paragon 28, Inc. (FNA) as of Q3 2024, up from 111 in Q2 2024.
  • Funds reported $336M of Paragon 28, Inc. stock for Q3 2024, up 2.9% quarter-over-quarter.
  • 22 funds opened new Paragon 28, Inc. positions in Q3 2024 and 20 closed out, a net change of +2 holders.
  • The largest Paragon 28, Inc. buyer in Q3 2024 was First Light Asset Management, an estimated $15M added.
  • The largest Paragon 28, Inc. seller in Q3 2024 was Millennium Management, an estimated $4.96M sold.

Based on aggregated 13F filings for Q3 2024.