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FRGE

Forge Global Holdings
FRGE

Delisted

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

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112 hedge funds and large institutions have $282M invested in Forge Global Holdings in 2025 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 36 increasing their positions, 19 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 12

229% more capital invested

Capital invested by funds: $85.9M → $282M (+$196M)

89% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 19

71% more call options, than puts

Call options by funds: $1.8M | Put options by funds: $1.05M

40% more funds holding

Funds holding: 80 → 112 (+32)

9.27% more ownership

Funds ownership: 37.35% → 46.62% (+9.3%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
112
Holders Change
+32
Holders Change %
+40%
% of All Funds
1.36%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
48
Increased
36
Reduced
19
Closed
12
Calls
$1.8M
Puts
$1.05M
Net Calls
+$748K
Net Calls Change
+$804K

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$12M
2
FTCM
First Trust Capital Management
Illinois
+$10.4M
3
Fidelity International
Fidelity International
Bermuda
+$10.1M
4
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$9.34M
5
SFM
Soros Fund Management
New York
+$6.71M

Top Sellers

Rank Fund Capital Flow
1
US Bancorp
US Bancorp
Minnesota
-$7.47M
2
Millennium Management
Millennium Management
New York
-$2.68M
3
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$2.45M
4
Raymond James Financial
Raymond James Financial
Florida
-$1.88M
5
Walleye Capital
Walleye Capital
New York
-$1.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
AQR Capital Management
26
AQR Capital Management
Connecticut
$3.18M +$451K +13,343 +23%
D.E. Shaw & Co
27
D.E. Shaw & Co
New York
$3.05M +$2.31M +68,395 New
GI
28
GAMCO Investors
Connecticut
$2.94M +$2.23M +66,000 New
Goldman Sachs
29
Goldman Sachs
New York
$2.86M +$1.6M +47,479 +286%
AWP
30
Abacus Wealth Partners
California
$2.8M – – –
Connor, Clark & Lunn Investment Management (CC&L)
31
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.72M -$37.2K -1,101 -2%
Toronto Dominion Bank
32
Toronto Dominion Bank
Ontario, Canada
$2.67M +$2.02M +59,900 New
MF
33
Magnetar Financial
Illinois
$2.24M +$1.7M +50,250 New
HM
34
Harvest Management
New York
$1.78M +$1.35M +40,000 New
GCIA
35
Gabelli & Co Investment Advisers
New York
$1.75M +$1.33M +39,350 New
OAM
36
Oxford Asset Management
United Kingdom
$1.56M +$1.18M +34,914 New
GLF
37
Groupe la Francaise
France
$1.34M +$1.01M +30,000 New
N
38
Nuveen
North Carolina
$1.21M +$5.78K +171 +0.6%
QCM
39
Quantinno Capital Management
New York
$1.17M -$123K -3,643 -12%
Bank of New York Mellon
40
Bank of New York Mellon
New York
$1.14M +$52.8K +1,563 +7%
Two Sigma Investments
41
Two Sigma Investments
New York
$1.09M -$150K -4,429 -15%
CIEC
42
Crédit Industriel et Commercial
France
$891K +$676K +20,000 New
Barclays
43
Barclays
United Kingdom
$769K +$106K +3,130 +22%
American Century Companies
44
American Century Companies
Missouri
$745K +$89.9K +2,661 +19%
SPS
45
Susquehanna Portfolio Strategies
Pennsylvania
$724K – – –
JP Morgan Chase
46
JP Morgan Chase
New York
$721K +$327K +9,682 +149%
CC
47
Carlson Capital
Texas
$691K +$524K +15,500 New
Canada Pension Plan Investment Board
48
Canada Pension Plan Investment Board
Ontario, Canada
$619K +$470K +13,900 New
SO
49
STRS Ohio
Ohio
$570K +$433K +12,800 New
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$562K -$19.1K -566 -4%
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FRGE Hedge Fund Activity: Q4 2025 in Review

112 of the 8,227 institutional investors tracked by Wall St. Rank reported a position in Forge Global Holdings (FRGE) for Q4 2025, worth a combined $282M — up 229% from $85.9M a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new FRGE positions and 12 closed out — a net gain of 36 holders — while 36 added to existing stakes and 19 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $12M. The largest seller was US Bancorp, cutting an estimated $7.47M.

  • 112 institutional investors held Forge Global Holdings (FRGE) as of Q4 2025, up from 80 in Q3 2025.
  • Funds reported $282M of Forge Global Holdings stock for Q4 2025, up 229% quarter-over-quarter.
  • 48 funds opened new Forge Global Holdings positions in Q4 2025 and 12 closed out, a net change of +36 holders.
  • The largest Forge Global Holdings buyer in Q4 2025 was AllianceBernstein, an estimated $12M added.
  • The largest Forge Global Holdings seller in Q4 2025 was US Bancorp, an estimated $7.47M sold.

Based on aggregated 13F filings for Q4 2025.