Shift4
FOUR
450 hedge funds and large institutions have $6.56B invested in Shift4 in 2025 Q3 according to their latest regulatory filings, with 73 funds opening new positions, 149 increasing their positions, 178 reducing their positions, and 77 closing their positions.
105% more call options, than puts
Call options by funds: $187M | Put options by funds: $91.3M
5% less first-time investments, than exits
New positions opened: 73 | Existing positions closed: 77
2% less funds holding
Funds holding: 458 → 450 (-8)
2.25% less ownership
Funds ownership: 128.11% → 125.86% (-2.2%)
11% less funds holding in top 10
Funds holding in top 10: 18 → 16 (-2)
16% less repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 178
23% less capital invested
Capital invested by funds: $8.56B → $6.56B (-$2.01B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ensign Peak Advisors
Salt Lake City,
Utah
|
+$127M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$71.7M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$62.9M |
| 4 |
Neuberger Berman Group
New York
|
+$49.6M |
| 5 |
SP
ShawSpring Partners
Boston,
Massachusetts
|
+$43.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$132M |
| 2 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
-$96.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$76.3M |
| 4 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
-$73.3M |
| 5 |
SIG
Senator Investment Group
New York
|
-$49.1M |
FOUR Hedge Fund Activity: Q3 2025 in Review
450 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Shift4 (FOUR) for Q3 2025, worth a combined $6.56B — down 23% from $8.56B a quarter earlier.
Sellers outnumbered buyers: 77 funds closed out of FOUR and 73 opened new positions — a net loss of 4 holders — while 178 trimmed existing stakes and 149 added.
The largest buyer was Ensign Peak Advisors, adding an estimated $127M. The largest seller was AllianceBernstein, cutting an estimated $132M.
- 450 institutional investors held Shift4 (FOUR) as of Q3 2025, down from 458 in Q2 2025.
- Funds reported $6.56B of Shift4 stock for Q3 2025, down 23% quarter-over-quarter.
- 73 funds opened new Shift4 positions in Q3 2025 and 77 closed out, a net change of -4 holders.
- The largest Shift4 buyer in Q3 2025 was Ensign Peak Advisors, an estimated $127M added.
- The largest Shift4 seller in Q3 2025 was AllianceBernstein, an estimated $132M sold.
Based on aggregated 13F filings for Q3 2025.