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FOUR.PRA

Shift4 Payments Inc 6.00% Series A Preferred Stock
FOUR.PRA

38 hedge funds and large institutions have $701M invested in Shift4 Payments Inc 6.00% Series A Preferred Stock in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

12% less funds holding

Funds holding: 43 → 38 (-5)

24% less capital invested

Capital invested by funds: $924M → $701M (-$223M)

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

81.53% less ownership

Funds ownership: 81.53% → 0% (-82%)

Holders
38
Holders Change
-5
Holders Change %
-11.63%
% of All Funds
0.5%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
8
Increased
12
Reduced
10
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$126M
2
MF
Magnetar Financial
Illinois
+$52.7M
3
VOYA Investment Management
VOYA Investment Management
Georgia
+$39.9M
4
WAM
Wolverine Asset Management
Illinois
+$12.8M
5
ACM
Advent Capital Management
New York
+$11.9M

Top Sellers

Rank Fund Capital Flow
1
SAG
Susquehanna Advisors Group
Pennsylvania
-$81.5M
2
SAMU
SONA Asset Management (US)
New York
-$50.8M
3
Jane Street
Jane Street
New York
-$43M
4
Morgan Stanley
Morgan Stanley
New York
-$31.6M
5
Citadel Advisors
Citadel Advisors
Florida
-$27.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
P8IP
26
Pier 88 Investment Partners
California
$3.28M – – –
Citigroup
27
Citigroup
New York
$3.25M -$3.54M -32,534 -49%
WHG
28
Westwood Holdings Group
Texas
$2.85M – – –
KCM
29
Kornitzer Capital Management
Kansas
$2.83M – – –
Schroder Investment Management Group
30
Schroder Investment Management Group
United Kingdom
$2.66M +$2.98M +27,456 New
Barclays
31
Barclays
United Kingdom
$1.65M -$5.99M -55,138 -76%
PCM
32
Palisade Capital Management
New Jersey
$950K +$1.09M +10,000 New
LTI
33
Laffer Tengler Investments
Tennessee
$470K +$538K +4,945 New
1IA
34
1620 Investment Advisors
Massachusetts
$466K +$534K +4,916 New
MIM
35
Morningstar Investment Management
Illinois
$459K +$526K +4,839 New
GI
36
GAMCO Investors
Connecticut
$286K – – –
CPBTD
37
Central Pacific Bank - Trust Division
Hawaii
$145K +$166K +1,530 New
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$9K – – –
NS
39
NBC Securities
Alabama
$7.12K +$8.15K +75 New
SAG
40
Susquehanna Advisors Group
Pennsylvania
– -$81.5M -707,300 Closed
SAMU
41
SONA Asset Management (US)
New York
– -$50.8M -440,000 Closed
Jane Street
42
Jane Street
New York
– -$43M -372,985 Closed
Citadel Advisors
43
Citadel Advisors
Florida
– -$27.4M -237,500 Closed
KKRC
44
Kohlberg Kravis Roberts & Co
New York
– -$202K -175,000 Closed
SC
45
Sculptor Capital
New York
– -$14.2M -122,844 Closed
Goldman Sachs
46
Goldman Sachs
New York
– -$13.1M -113,458 Closed
HCM
47
Highbridge Capital Management
New York
– -$11.6M -100,000 Closed
Millennium Management
48
Millennium Management
New York
– -$10M -86,533 Closed
CL
49
CSS LLC
Illinois
– -$7.09M -61,491 Closed
BS
50
Banco Santander
Spain
– -$4.46M -38,700 Closed
1
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FOUR.PRA Hedge Fund Activity: Q3 2025 in Review

38 of the 7,629 institutional investors tracked by Wall St. Rank reported a position in Shift4 Payments Inc 6.00% Series A Preferred Stock (FOUR.PRA) for Q3 2025, worth a combined $701M — down 24% from $924M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of FOUR.PRA and 8 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 12 added.

The largest buyer was D.E. Shaw & Co, adding an estimated $126M. The largest seller was Susquehanna Advisors Group, exiting entirely with an estimated $81.5M sold.

  • 38 institutional investors held Shift4 Payments Inc 6.00% Series A Preferred Stock (FOUR.PRA) as of Q3 2025, down from 43 in Q2 2025.
  • Funds reported $701M of Shift4 Payments Inc 6.00% Series A Preferred Stock stock for Q3 2025, down 24% quarter-over-quarter.
  • 8 funds opened new Shift4 Payments Inc 6.00% Series A Preferred Stock positions in Q3 2025 and 13 closed out, a net change of -5 holders.
  • The largest Shift4 Payments Inc 6.00% Series A Preferred Stock buyer in Q3 2025 was D.E. Shaw & Co, an estimated $126M added.
  • The largest Shift4 Payments Inc 6.00% Series A Preferred Stock seller in Q3 2025 was Susquehanna Advisors Group, an estimated $81.5M sold.

Based on aggregated 13F filings for Q3 2025.