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Freedom Holding

135 hedge funds and large institutions have $431M invested in Freedom Holding in 2025 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 46 increasing their positions, 38 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 19

37% more capital invested

Capital invested by funds: $314M → $431M (+$116M)

21% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 38

13% more funds holding

Funds holding: 119135 (+16)

0.68% more ownership

Funds ownership: 3.52%4.2% (+0.68%)

57% less call options, than puts

Call options by funds: $12.5M | Put options by funds: $29.4M

Holders
135
Holders Change
+16
Holders Change %
+13.45%
% of All Funds
1.77%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
35
Increased
46
Reduced
38
Closed
19
Calls
$12.5M
Puts
$29.4M
Net Calls
-$16.8M
Net Calls Change
-$5.56M
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$2.38M -$1.07M -6,370 -32%
Balyasny Asset Management
27
Balyasny Asset Management
Illinois
$2.18M +$1.01M +6,013 +90%
State of New Jersey Common Pension Fund D
28
State of New Jersey Common Pension Fund D
New Jersey
$2.09M +$206K +1,223 +11%
UBS Group
29
UBS Group
Switzerland
$2M -$313K -1,855 -14%
Verition Fund Management
30
Verition Fund Management
Connecticut
$1.92M +$319K +1,889 +20%
New York State Common Retirement Fund
31
New York State Common Retirement Fund
New York
$1.91M +$607K +3,600 +48%
VCM
32
Voleon Capital Management
California
$1.84M +$1.81M +10,710 New
State Board of Administration of Florida Retirement System
33
State Board of Administration of Florida Retirement System
Florida
$1.83M -$35.9K -213 -2%
Tudor Investment Corp
34
Tudor Investment Corp
Connecticut
$1.75M -$10.5M -61,977 -86%
HCMT
35
Highland Capital Management (Tennessee)
Tennessee
$1.61M +$1.58M +9,349 New
Janus Henderson Group
36
Janus Henderson Group
United Kingdom
$1.45M +$118K +697 +9%
AllianceBernstein
37
AllianceBernstein
Tennessee
$1.4M +$611K +3,620 +81%
PFSRSONJ
38
Police & Firemen's Retirement System of New Jersey
New Jersey
$1.38M +$219K +1,299 +19%
Treasurer of the State of North Carolina
39
Treasurer of the State of North Carolina
North Carolina
$1.36M -$52.5K -311 -4%
Canada Life
40
Canada Life
Manitoba, Canada
$1.34M
T. Rowe Price Associates
41
T. Rowe Price Associates
Maryland
$1.28M +$157K +930 +14%
DACS
42
Dymon Asia Capital (Singapore)
Singapore
$1.15M +$1.12M +6,656 New
QC
43
Quadrature Capital
United Kingdom
$1.09M +$1.07M +6,351 New
KBC Group
44
KBC Group
Belgium
$1M -$380K -2,254 -28%
Ohio Public Employees Retirement System (OPERS)
45
Ohio Public Employees Retirement System (OPERS)
Ohio
$949K +$5.9K +35 +0.6%
ASRS
46
Arizona State Retirement System
Arizona
$933K +$20.4K +121 +2%
QT
47
Quantbot Technologies
New York
$924K -$325K -1,924 -26%
Charles Schwab
48
Charles Schwab
California
$899K +$41.2K +244 +5%
QCM
49
Quantinno Capital Management
New York
$798K +$782K +4,636 New
Handelsbanken Fonder
50
Handelsbanken Fonder
Sweden
$740K

FRHC Hedge Fund Activity: Q3 2025 in Review

135 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Freedom Holding (FRHC) for Q3 2025, worth a combined $431M — up 37% from $314M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new FRHC positions and 19 closed out — a net gain of 16 holders — while 46 added to existing stakes and 38 trimmed.

The largest buyer was First Trust Advisors, opening a new position worth an estimated $31M. The largest seller was Tudor Investment Corp, cutting an estimated $10.5M.

  • 135 institutional investors held Freedom Holding (FRHC) as of Q3 2025, up from 119 in Q2 2025.
  • Funds reported $431M of Freedom Holding stock for Q3 2025, up 37% quarter-over-quarter.
  • 35 funds opened new Freedom Holding positions in Q3 2025 and 19 closed out, a net change of +16 holders.
  • The largest Freedom Holding buyer in Q3 2025 was First Trust Advisors, an estimated $31M added.
  • The largest Freedom Holding seller in Q3 2025 was Tudor Investment Corp, an estimated $10.5M sold.

Based on aggregated 13F filings for Q3 2025.