Paragon 28, Inc.
FNA
FNA was delisted on the 17th of April, 2025.
111 hedge funds and large institutions have $511M invested in Paragon 28, Inc. in 2023 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 29 increasing their positions, 30 reducing their positions, and 18 closing their positions.
89% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 18
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
17% more funds holding
Funds holding: 95 → 111 (+16)
1% less capital invested
Capital invested by funds: $515M → $511M (-$4.01M)
3% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 30
6% less call options, than puts
Call options by funds: $178K | Put options by funds: $190K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$13.6M |
| 2 |
FLAM
First Light Asset Management
Edina,
Minnesota
|
+$11.4M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.96M |
| 4 |
Morgan Stanley
New York
|
+$3.36M |
| 5 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
+$2.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
-$20.6M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$14.9M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$9.43M |
| 4 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$9.11M |
| 5 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$2.94M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QCG
126
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$2.13K | -170 | Closed |
|
127
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$502 | -40 | Closed |
|
|
VNA
128
Valley National Advisers
Bethlehem,
Pennsylvania
| – | -$1K | -40 | Closed |
|
|
C
129
Covestor
London,
United Kingdom
| – | +$53 | +5 | +100% |
|
FNA Hedge Fund Activity: Q4 2023 in Review
111 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Paragon 28, Inc. (FNA) for Q4 2023, worth a combined $511M — down 0.78% from $515M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new FNA positions and 18 closed out — a net gain of 16 holders — while 29 added to existing stakes and 30 trimmed.
The largest buyer was Point72 Asset Management, opening a new position worth an estimated $13.6M. The largest seller was Greenhouse Funds, exiting entirely with an estimated $20.6M sold.
- 111 institutional investors held Paragon 28, Inc. (FNA) as of Q4 2023, up from 95 in Q3 2023.
- Funds reported $511M of Paragon 28, Inc. stock for Q4 2023, down 0.78% quarter-over-quarter.
- 34 funds opened new Paragon 28, Inc. positions in Q4 2023 and 18 closed out, a net change of +16 holders.
- The largest Paragon 28, Inc. buyer in Q4 2023 was Point72 Asset Management, an estimated $13.6M added.
- The largest Paragon 28, Inc. seller in Q4 2023 was Greenhouse Funds, an estimated $20.6M sold.
Based on aggregated 13F filings for Q4 2023.