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Freedom Holding
FRHC

95 hedge funds and large institutions have $160M invested in Freedom Holding in 2025 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 35 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

480% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 5

133% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 15

40% more capital invested

Capital invested by funds: $115M → $160M (+$45.5M)

34% more funds holding

Funds holding: 71 → 95 (+24)

0.55% more ownership

Funds ownership: 1.45% → 2% (+0.55%)

42% less call options, than puts

Call options by funds: $3.28M | Put options by funds: $5.63M

Holders
95
Holders Change
+24
Holders Change %
+33.8%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
29
Increased
35
Reduced
15
Closed
5
Calls
$3.28M
Puts
$5.63M
Net Calls
-$2.35M
Net Calls Change
+$6.17M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$14.8M
2
Goldman Sachs
Goldman Sachs
New York
+$7.14M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$7M
4
HF
HRT Financial
New York
+$5.53M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
+$3.24M

Top Sellers

Rank Fund Capital Flow
1
Marshall Wace
Marshall Wace
United Kingdom
-$7.67M
2
Citadel Advisors
Citadel Advisors
Florida
-$5.56M
3
UBS Group
UBS Group
Switzerland
-$1.64M
4
Barclays
Barclays
United Kingdom
-$975K
5
GCP
GSA Capital Partners
United Kingdom
-$491K
Name Holding Trade Value Shares
Change 		Change in
Stake
State of New Jersey Common Pension Fund D
26
State of New Jersey Common Pension Fund D
New Jersey
$1.75M +$1.85M +13,266 New
ECM
27
ExodusPoint Capital Management
New York
$1.7M +$1.8M +12,874 New
Verition Fund Management
28
Verition Fund Management
Connecticut
$1.47M -$3.49K -25 -0.2%
PP
29
PDT Partners
New York
$1.36M -$142K -1,014 -9%
QT
30
Quantbot Technologies
New York
$1.18M +$375K +2,683 +43%
OAC
31
OMERS Administration Corp
Ontario, Canada
$1.03M -$182K -1,300 -14%
Janus Henderson Group
32
Janus Henderson Group
United Kingdom
$1.01M – – –
Jane Street
33
Jane Street
New York
$1M +$490K +3,509 +86%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$950K +$251K +1,797 +33%
Canada Life
35
Canada Life
Manitoba, Canada
$944K – – –
EGM
36
Engineers Gate Manager
New York
$880K +$436K +3,119 +88%
Barclays
37
Barclays
United Kingdom
$825K -$975K -6,984 -53%
IMRF
38
Illinois Municipal Retirement Fund
Illinois
$726K +$767K +5,493 New
ASRS
39
Arizona State Retirement System
Arizona
$686K -$13.5K -97 -2%
Invesco
40
Invesco
Georgia
$638K -$171K -1,223 -20%
Handelsbanken Fonder
41
Handelsbanken Fonder
Sweden
$582K – – –
CGIM
42
Cannon Global Investment Management
Florida
$529K +$559K +4,000 New
ACM
43
Aquatic Capital Management
Illinois
$521K +$367K +2,629 +201%
KK
44
KLP Kapitalforvaltning
Norway
$502K – – –
YMRC
45
Yorktown Management & Research Company
Virginia
$489K – – –
Amundi
46
Amundi
France
$483K +$529K +3,788 New
Zurich Cantonal Bank
47
Zurich Cantonal Bank
Switzerland
$473K – – –
A
48
AlphaQuest
New York
$462K -$91.5K -655 -16%
RAM
49
Resona Asset Management
Japan
$436K – – –
Public Employees Retirement Association of Colorado
50
Public Employees Retirement Association of Colorado
Colorado
$418K – – –
1
2
3 4

FRHC Hedge Fund Activity: Q1 2025 in Review

95 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Freedom Holding (FRHC) for Q1 2025, worth a combined $160M — up 40% from $115M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new FRHC positions and 5 closed out — a net gain of 24 holders — while 35 added to existing stakes and 15 trimmed.

The largest buyer was Millennium Management, adding an estimated $14.8M. The largest seller was Marshall Wace, cutting an estimated $7.67M.

  • 95 institutional investors held Freedom Holding (FRHC) as of Q1 2025, up from 71 in Q4 2024.
  • Funds reported $160M of Freedom Holding stock for Q1 2025, up 40% quarter-over-quarter.
  • 29 funds opened new Freedom Holding positions in Q1 2025 and 5 closed out, a net change of +24 holders.
  • The largest Freedom Holding buyer in Q1 2025 was Millennium Management, an estimated $14.8M added.
  • The largest Freedom Holding seller in Q1 2025 was Marshall Wace, an estimated $7.67M sold.

Based on aggregated 13F filings for Q1 2025.