Forge Global Holdings
FRGE
FRGE was delisted on the 27th of February, 2026.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$12M |
| 2 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$10.4M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$10.1M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$9.34M |
| 5 |
SFM
Soros Fund Management
New York
|
+$6.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
US Bancorp
Minneapolis,
Minnesota
|
-$7.47M |
| 2 |
Millennium Management
New York
|
-$2.68M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$2.45M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.88M |
| 5 |
Walleye Capital
New York
|
-$1.04M |
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.