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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$126M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$52.7M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$39.9M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$12.8M |
| 5 |
ACM
Advent Capital Management
New York
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAG
Susquehanna Advisors Group
Bala Cynwyd,
Pennsylvania
|
-$81.5M |
| 2 |
SAMU
SONA Asset Management (US)
New York
|
-$50.8M |
| 3 |
Jane Street
New York
|
-$43M |
| 4 |
Morgan Stanley
New York
|
-$31.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$27.4M |
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.