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FRGE

Forge Global Holdings
FRGE

Delisted

FRGE was delisted on the 27th of February, 2026.

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80 hedge funds and large institutions have $85.9M invested in Forge Global Holdings in 2025 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 26 increasing their positions, 16 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 7

63% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 16

18% more funds holding

Funds holding: 68 → 80 (+12)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2.99% less ownership

Funds ownership: 40.34% → 37.35% (-3%)

9% less capital invested

Capital invested by funds: $94.6M → $85.9M (-$8.79M)

22% less call options, than puts

Call options by funds: $199K | Put options by funds: $255K

Holders
80
Holders Change
+12
Holders Change %
+17.65%
% of All Funds
1.05%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
19
Increased
26
Reduced
16
Closed
7
Calls
$199K
Puts
$255K
Net Calls
-$56K
Net Calls Change
-$307K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$2.4M
2
Marshall Wace
Marshall Wace
United Kingdom
+$1.36M
3
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$1.15M
4
Walleye Capital
Walleye Capital
New York
+$1.15M
5
Bank of America
Bank of America
North Carolina
+$575K

Top Sellers

Rank Fund Capital Flow
1
DWA
Douglass Winthrop Advisors
New York
-$5.63M
2
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$1.21M
3
GCP
GSA Capital Partners
United Kingdom
-$455K
4
TI
Trexquant Investment
Connecticut
-$333K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$319K
Name Holding Trade Value Shares
Change 		Change in
Stake
Los Angeles Capital Management
26
Los Angeles Capital Management
California
$361K – – –
CSS
27
Cubist Systematic Strategies
Connecticut
$296K +$325K +17,494 New
Goldman Sachs
28
Goldman Sachs
New York
$281K +$97K +5,226 +46%
SPS
29
Susquehanna Portfolio Strategies
Pennsylvania
$275K -$18.6K -1,000 -6%
Barclays
30
Barclays
United Kingdom
$239K -$54.4K -2,930 -17%
American Century Companies
31
American Century Companies
Missouri
$238K +$261K +14,068 New
UBS Group
32
UBS Group
Switzerland
$233K -$243K -13,101 -49%
RhumbLine Advisers
33
RhumbLine Advisers
Massachusetts
$223K -$5.85K -315 -2%
AllianceBernstein
34
AllianceBernstein
Tennessee
$209K – – –
Morgan Stanley
35
Morgan Stanley
New York
$199K -$85.2K -4,589 -28%
LM
36
Lasry Marc
$192K – – –
Citadel Advisors
37
Citadel Advisors
Florida
$191K +$209K +11,275 New
STA
38
Summit Trail Advisors
New York
$190K +$9.76K +526 +5%
Truist Financial
39
Truist Financial
North Carolina
$169K – – –
MIM
40
MetLife Investment Management
New Jersey
$112K – – –
JP Morgan Chase
41
JP Morgan Chase
New York
$110K -$14.6K -787 -11%
Mirae Asset Global ETFs Holdings
42
Mirae Asset Global ETFs Holdings
Hong Kong
$81.5K -$14.1K -759 -14%
Carson Wealth (CWM LLC)
43
Carson Wealth (CWM LLC)
Nebraska
$75K +$17.8K +960 +28%
PFSRSONJ
44
Police & Firemen's Retirement System of New Jersey
New Jersey
$41.9K – – –
BNP Paribas Financial Markets
45
BNP Paribas Financial Markets
France
$36.2K +$29.9K +1,613 +304%
Rockefeller Capital Management
46
Rockefeller Capital Management
New York
$32.6K +$35.8K +1,931 New
Fidelity Investments
47
Fidelity Investments
Massachusetts
$27.1K +$1.02K +55 +4%
New York State Common Retirement Fund
48
New York State Common Retirement Fund
New York
$24.4K – – –
Nisa Investment Advisors
49
Nisa Investment Advisors
Missouri
$21K – – –
AIP
50
Ameritas Investment Partners
Nebraska
$17.6K – – –
1
2
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FRGE Hedge Fund Activity: Q3 2025 in Review

80 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Forge Global Holdings (FRGE) for Q3 2025, worth a combined $85.9M — down 9.3% from $94.6M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FRGE positions and 7 closed out — a net gain of 12 holders — while 26 added to existing stakes and 16 trimmed.

The largest buyer was Millennium Management, adding an estimated $2.4M. The largest seller was Douglass Winthrop Advisors, exiting entirely with an estimated $5.63M sold.

  • 80 institutional investors held Forge Global Holdings (FRGE) as of Q3 2025, up from 68 in Q2 2025.
  • Funds reported $85.9M of Forge Global Holdings stock for Q3 2025, down 9.3% quarter-over-quarter.
  • 19 funds opened new Forge Global Holdings positions in Q3 2025 and 7 closed out, a net change of +12 holders.
  • The largest Forge Global Holdings buyer in Q3 2025 was Millennium Management, an estimated $2.4M added.
  • The largest Forge Global Holdings seller in Q3 2025 was Douglass Winthrop Advisors, an estimated $5.63M sold.

Based on aggregated 13F filings for Q3 2025.