Shift4
FOUR
441 hedge funds and large institutions have $6.54B invested in Shift4 in 2025 Q1 according to their latest regulatory filings, with 69 funds opening new positions, 179 increasing their positions, 144 reducing their positions, and 63 closing their positions.
129% more call options, than puts
Call options by funds: $160M | Put options by funds: $70.2M
24% more repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 144
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
6.78% more ownership
Funds ownership: 110.53% → 117.31% (+6.8%)
10% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 63
0% more funds holding
Funds holding: 440 → 441 (+1)
17% less capital invested
Capital invested by funds: $7.88B → $6.54B (-$1.34B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DPCM
Darlington Partners Capital Management
Greenbrae,
California
|
+$233M |
| 2 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$81.3M |
| 3 |
PL
Perpetual Ltd
Sydney, New South Wales,
Australia
|
+$71.7M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$60M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$39.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$169M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$99.6M |
| 3 |
Jennison Associates
New York
|
-$76.2M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$37.7M |
| 5 |
Westfield Capital Management
Boston,
Massachusetts
|
-$37.7M |
FOUR Hedge Fund Activity: Q1 2025 in Review
441 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Shift4 (FOUR) for Q1 2025, worth a combined $6.54B — down 17% from $7.88B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new FOUR positions and 63 closed out — a net gain of 6 holders — while 179 added to existing stakes and 144 trimmed.
The largest buyer was Darlington Partners Capital Management, adding an estimated $233M. The largest seller was Fidelity Investments, cutting an estimated $169M.
- 441 institutional investors held Shift4 (FOUR) as of Q1 2025, up from 440 in Q4 2024.
- Funds reported $6.54B of Shift4 stock for Q1 2025, down 17% quarter-over-quarter.
- 69 funds opened new Shift4 positions in Q1 2025 and 63 closed out, a net change of +6 holders.
- The largest Shift4 buyer in Q1 2025 was Darlington Partners Capital Management, an estimated $233M added.
- The largest Shift4 seller in Q1 2025 was Fidelity Investments, an estimated $169M sold.
Based on aggregated 13F filings for Q1 2025.