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FOUR.PRA

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

40 hedge funds and large institutions have $656M invested in Shift4 Payments Inc 6.00% Series A Preferred Stock in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 9

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

5% more funds holding

Funds holding: 38 → 40 (+2)

7% less capital invested

Capital invested by funds: $701M → $656M (-$45.7M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
40
Holders Change
+2
Holders Change %
+5.26%
% of All Funds
0.49%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
14
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Shaolin Capital Management
Florida
+$43.8M
2
Morgan Stanley
Morgan Stanley
New York
+$27.2M
3
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
+$19.5M
4
SAG
Susquehanna Advisors Group
Pennsylvania
+$14M
5
MF
Magnetar Financial
Illinois
+$13.1M

Top Sellers

Rank Fund Capital Flow
1
ClearBridge Investments
ClearBridge Investments
New York
-$31.3M
2
VOYA Investment Management
VOYA Investment Management
Georgia
-$28.1M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$18.4M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$9.99M
5
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$7.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
1
D.E. Shaw & Co
New York
$124M -$18.4M -210,000 -12%
VOYA Investment Management
2
VOYA Investment Management
Georgia
$59.7M -$28.1M -320,645 -30%
MF
3
Magnetar Financial
Illinois
$54.8M +$13.1M +150,000 +28%
Two Sigma Investments
4
Two Sigma Investments
New York
$48.5M +$6.51M +74,298 +14%
WAM
5
Wolverine Asset Management
Illinois
$40.4M +$10.6M +121,134 +32%
SCM
6
Shaolin Capital Management
Florida
$39.9M +$43.8M +500,000 New
Calamos Advisors
7
Calamos Advisors
Illinois
$36.1M +$39.6K +452 +0.1%
Franklin Resources
8
Franklin Resources
California
$30M – – –
Morgan Stanley
9
Morgan Stanley
New York
$28.2M +$27.2M +310,369 +741%
ACM
10
Advent Capital Management
New York
$25.9M +$3.45M +39,350 +14%
Ameriprise
11
Ameriprise
Minnesota
$20.4M +$3.07M +35,000 +16%
Mirae Asset Global ETFs Holdings
12
Mirae Asset Global ETFs Holdings
Hong Kong
$17.8M +$19.5M +222,963 New
Wells Fargo
13
Wells Fargo
California
$15.8M +$11.9M +135,421 +218%
SAG
14
Susquehanna Advisors Group
Pennsylvania
$12.8M +$14M +160,000 New
PSC
15
Portman Square Capital
United Kingdom
$12.4M – – –
State Street
16
State Street
Massachusetts
$10.6M -$209K -2,387 -2%
CIEC
17
Crédit Industriel et Commercial
France
$10.3M +$11M +125,000 New
BCM
18
BlueCrest Capital Management
Jersey
$8.46M +$372K +4,245 +4%
AA
19
AQR Arbitrage
Connecticut
$8.07M – – –
CCM
20
Context Capital Management
California
$8M – – –
GF
21
Gabelli Funds
New York
$6.18M +$701K +8,000 +12%
SIM
22
SSI Investment Management
California
$5.65M – – –
AGC
23
Angelo Gordon & Co
New York
$4.79M – – –
Barclays
24
Barclays
United Kingdom
$4.08M +$2.94M +33,548 +193%
Citigroup
25
Citigroup
New York
$3.14M +$438K +5,000 +15%
1
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FOUR.PRA Hedge Fund Activity: Q4 2025 in Review

40 of the 8,245 institutional investors tracked by Wall St. Rank reported a position in Shift4 Payments Inc 6.00% Series A Preferred Stock (FOUR.PRA) for Q4 2025, worth a combined $656M — down 6.5% from $701M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new FOUR.PRA positions and 5 closed out — a net gain of 2 holders — while 14 added to existing stakes and 9 trimmed.

The largest buyer was Shaolin Capital Management, opening a new position worth an estimated $43.8M. The largest seller was ClearBridge Investments, exiting entirely with an estimated $31.3M sold.

  • 40 institutional investors held Shift4 Payments Inc 6.00% Series A Preferred Stock (FOUR.PRA) as of Q4 2025, up from 38 in Q3 2025.
  • Funds reported $656M of Shift4 Payments Inc 6.00% Series A Preferred Stock stock for Q4 2025, down 6.5% quarter-over-quarter.
  • 7 funds opened new Shift4 Payments Inc 6.00% Series A Preferred Stock positions in Q4 2025 and 5 closed out, a net change of +2 holders.
  • The largest Shift4 Payments Inc 6.00% Series A Preferred Stock buyer in Q4 2025 was Shaolin Capital Management, an estimated $43.8M added.
  • The largest Shift4 Payments Inc 6.00% Series A Preferred Stock seller in Q4 2025 was ClearBridge Investments, an estimated $31.3M sold.

Based on aggregated 13F filings for Q4 2025.