Paragon 28, Inc.
FNA
FNA was delisted on the 17th of April, 2025.
106 hedge funds and large institutions have $692M invested in Paragon 28, Inc. in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 39 increasing their positions, 33 reducing their positions, and 13 closing their positions.
164% more call options, than puts
Call options by funds: $103K | Put options by funds: $39K
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
18% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 33
15% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 13
13% more capital invested
Capital invested by funds: $615M → $692M (+$77M)
2% more funds holding
Funds holding: 104 → 106 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BL
Bleichroeder LP
New York
|
+$31.7M |
| 2 |
B
Braidwell
Stamford,
Connecticut
|
+$18.6M |
| 3 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
+$7.48M |
| 4 |
PA
PFG Advisors
Phoenix,
Arizona
|
+$6.93M |
| 5 |
Millennium Management
New York
|
+$3.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$14.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.18M |
| 3 |
SCM
Soleus Capital Management
Greenwich,
Connecticut
|
-$3.49M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$3.4M |
| 5 |
VFA
Valeo Financial Advisors
Carmel,
Indiana
|
-$2.93M |
FNA Hedge Fund Activity: Q2 2023 in Review
106 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Paragon 28, Inc. (FNA) for Q2 2023, worth a combined $692M — up 13% from $615M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FNA positions and 13 closed out — a net gain of 2 holders — while 39 added to existing stakes and 33 trimmed.
The largest buyer was Bleichroeder LP, opening a new position worth an estimated $31.7M. The largest seller was Citadel Advisors, cutting an estimated $14.8M.
- 106 institutional investors held Paragon 28, Inc. (FNA) as of Q2 2023, up from 104 in Q1 2023.
- Funds reported $692M of Paragon 28, Inc. stock for Q2 2023, up 13% quarter-over-quarter.
- 15 funds opened new Paragon 28, Inc. positions in Q2 2023 and 13 closed out, a net change of +2 holders.
- The largest Paragon 28, Inc. buyer in Q2 2023 was Bleichroeder LP, an estimated $31.7M added.
- The largest Paragon 28, Inc. seller in Q2 2023 was Citadel Advisors, an estimated $14.8M sold.
Based on aggregated 13F filings for Q2 2023.