Shift4
FOUR
403 hedge funds and large institutions have $5.12B invested in Shift4 in 2025 Q4 according to their latest regulatory filings, with 75 funds opening new positions, 136 increasing their positions, 158 reducing their positions, and 114 closing their positions.
81% more call options, than puts
Call options by funds: $185M | Put options by funds: $102M
5.56% less ownership
Funds ownership: 125.86% → 120.3% (-5.6%)
6% less funds holding in top 10
Funds holding in top 10: 16 → 15 (-1)
10% less funds holding
Funds holding: 450 → 403 (-47)
14% less repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 158
22% less capital invested
Capital invested by funds: $6.56B → $5.12B (-$1.44B)
34% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 114
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$69.3M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$59.7M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$57.7M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$43.9M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$42.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$84.7M |
| 2 |
Jennison Associates
New York
|
-$79.9M |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$70.6M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$63.2M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$55.6M |
FOUR Hedge Fund Activity: Q4 2025 in Review
403 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Shift4 (FOUR) for Q4 2025, worth a combined $5.12B — down 22% from $6.56B a quarter earlier.
Sellers outnumbered buyers: 114 funds closed out of FOUR and 75 opened new positions — a net loss of 39 holders — while 158 trimmed existing stakes and 136 added.
The largest buyer was Durable Capital Partners, adding an estimated $69.3M. The largest seller was Morgan Stanley, cutting an estimated $84.7M.
- 403 institutional investors held Shift4 (FOUR) as of Q4 2025, down from 450 in Q3 2025.
- Funds reported $5.12B of Shift4 stock for Q4 2025, down 22% quarter-over-quarter.
- 75 funds opened new Shift4 positions in Q4 2025 and 114 closed out, a net change of -39 holders.
- The largest Shift4 buyer in Q4 2025 was Durable Capital Partners, an estimated $69.3M added.
- The largest Shift4 seller in Q4 2025 was Morgan Stanley, an estimated $84.7M sold.
Based on aggregated 13F filings for Q4 2025.