Forge Global Holdings
FRGE
FRGE was delisted on the 27th of February, 2026.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.4M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$1.36M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$1.15M |
| 4 |
Walleye Capital
New York
|
+$1.15M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$575K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DWA
Douglass Winthrop Advisors
New York
|
-$5.63M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$1.21M |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$455K |
| 4 |
TI
Trexquant Investment
Stamford,
Connecticut
|
-$333K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$319K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SS
76
SBI Securities
Tokyo,
Japan
| $237 | -$817 | -44 | -76% |
|
|
RIL
77
Rothschild Investment LLC
Chicago,
Illinois
| $203 | +$223 | +12 | New |
|
78
Group One Trading
Chicago,
Illinois
| $152 | -$134K | -7,207 | -100% |
|
|
FFO
79
Fortitude Family Office
Scottsdale,
Arizona
| $101 | – | – | – |
|
|
SS
80
Sunbelt Securities
Houston,
Texas
| $34 | +$37 | +2 | New |
|
|
DWA
81
Douglass Winthrop Advisors
New York
| – | -$5.63M | -295,854 | Closed |
|
|
GCP
82
GSA Capital Partners
London,
United Kingdom
| – | -$455K | -23,898 | Closed |
|
|
TI
83
Trexquant Investment
Stamford,
Connecticut
| – | -$333K | -17,490 | Closed |
|
|
84
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$319K | -17,172 | Closed |
|
85
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$221K | -11,594 | Closed |
|
|
BFA
86
Brendel Financial Advisors
Hanover,
New Hampshire
| – | -$209K | -10,961 | Closed |
|
87
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$76 | -4 | Closed |
|
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.