Shift4
FOUR
353 hedge funds and large institutions have $3.09B invested in Shift4 in 2026 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 134 increasing their positions, 121 reducing their positions, and 108 closing their positions.
74% more call options, than puts
Call options by funds: $227M | Put options by funds: $130M
11% more repeat investments, than reductions
Existing positions increased: 134 | Existing positions reduced: 121
12% less funds holding
Funds holding: 403 → 353 (-50)
33.33% less ownership
Funds ownership: 120.3% → 86.97% (-33%)
39% less first-time investments, than exits
New positions opened: 66 | Existing positions closed: 108
40% less capital invested
Capital invested by funds: $5.12B → $3.09B (-$2.03B)
47% less funds holding in top 10
Funds holding in top 10: 15 → 8 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DPCM
Darlington Partners Capital Management
Greenbrae,
California
|
+$55.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$40.5M |
| 3 |
Ensign Peak Advisors
Salt Lake City,
Utah
|
+$25.5M |
| 4 |
PMG
Private Management Group
Irvine,
California
|
+$25.1M |
| 5 |
GAM
Gotham Asset Management
New York
|
+$24.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$142M |
| 2 |
SP
ShawSpring Partners
Boston,
Massachusetts
|
-$72.3M |
| 3 |
Jennison Associates
New York
|
-$58.3M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$46.7M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$36.9M |
FOUR Hedge Fund Activity: Q1 2026 in Review
353 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Shift4 (FOUR) for Q1 2026, worth a combined $3.09B — down 40% from $5.12B a quarter earlier.
Sellers outnumbered buyers: 108 funds closed out of FOUR and 66 opened new positions — a net loss of 42 holders — while 121 trimmed existing stakes and 134 added.
The largest buyer was Darlington Partners Capital Management, adding an estimated $55.5M. The largest seller was Wasatch Advisors, cutting an estimated $142M.
- 353 institutional investors held Shift4 (FOUR) as of Q1 2026, down from 403 in Q4 2025.
- Funds reported $3.09B of Shift4 stock for Q1 2026, down 40% quarter-over-quarter.
- 66 funds opened new Shift4 positions in Q1 2026 and 108 closed out, a net change of -42 holders.
- The largest Shift4 buyer in Q1 2026 was Darlington Partners Capital Management, an estimated $55.5M added.
- The largest Shift4 seller in Q1 2026 was Wasatch Advisors, an estimated $142M sold.
Based on aggregated 13F filings for Q1 2026.