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Freedom Holding

121 hedge funds and large institutions have $285M invested in Freedom Holding in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 48 increasing their positions, 45 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 45

0.34% less ownership

Funds ownership: 4.2%3.85% (-0.34%)

10% less funds holding

Funds holding: 135121 (-14)

34% less capital invested

Capital invested by funds: $431M → $285M (-$146M)

47% less call options, than puts

Call options by funds: $7.29M | Put options by funds: $13.7M

48% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 27

Holders
121
Holders Change
-14
Holders Change %
-10.37%
% of All Funds
1.47%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
14
Increased
48
Reduced
45
Closed
27
Calls
$7.29M
Puts
$13.7M
Net Calls
-$6.38M
Net Calls Change
+$10.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Legal & General Group
26
Legal & General Group
United Kingdom
$2.1M -$265K -1,827 -10%
RhumbLine Advisers
27
RhumbLine Advisers
Massachusetts
$1.98M -$164K -1,130 -6%
State of New Jersey Common Pension Fund D
28
State of New Jersey Common Pension Fund D
New Jersey
$1.91M +$515K +3,549 +29%
Verition Fund Management
29
Verition Fund Management
Connecticut
$1.84M +$578K +3,985 +36%
Amundi
30
Amundi
France
$1.75M +$1.77M +12,186 +560%
QCM
31
Quantinno Capital Management
New York
$1.53M +$1.15M +7,897 +170%
VCM
32
Voleon Capital Management
California
$1.49M +$227K +1,565 +15%
New York State Common Retirement Fund
33
New York State Common Retirement Fund
New York
$1.35M
State Board of Administration of Florida Retirement System
34
State Board of Administration of Florida Retirement System
Florida
$1.29M
Janus Henderson Group
35
Janus Henderson Group
United Kingdom
$1.02M
DFCM
36
Dark Forest Capital Management
Puerto Rico
$1.01M +$588K +4,055 +96%
PFSRSONJ
37
Police & Firemen's Retirement System of New Jersey
New Jersey
$987K +$14.2K +98 +1%
T. Rowe Price Associates
38
T. Rowe Price Associates
Maryland
$984K +$92.2K +636 +9%
Treasurer of the State of North Carolina
39
Treasurer of the State of North Carolina
North Carolina
$899K -$78.6K -542 -7%
OL
40
Odyssean LLC
Connecticut
$704K +$839K +5,787 New
Group One Trading
41
Group One Trading
Illinois
$673K +$732K +5,044 +1,044%
Charles Schwab
42
Charles Schwab
California
$668K +$38.3K +264 +5%
Ohio Public Employees Retirement System (OPERS)
43
Ohio Public Employees Retirement System (OPERS)
Ohio
$646K -$29.3K -202 -4%
AllianceBernstein
44
AllianceBernstein
Tennessee
$638K -$417K -2,875 -35%
KBC Group
45
KBC Group
Belgium
$635K -$86.3K -595 -10%
Handelsbanken Fonder
46
Handelsbanken Fonder
Sweden
$621K +$116K +800 +19%
ASRS
47
Arizona State Retirement System
Arizona
$619K -$48.4K -334 -6%
KK
48
KLP Kapitalforvaltning
Norway
$475K
YMRC
49
Yorktown Management & Research Company
Virginia
$450K
Zurich Cantonal Bank
50
Zurich Cantonal Bank
Switzerland
$435K

FRHC Hedge Fund Activity: Q4 2025 in Review

121 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Freedom Holding (FRHC) for Q4 2025, worth a combined $285M — down 34% from $431M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of FRHC and 14 opened new positions — a net loss of 13 holders — while 45 trimmed existing stakes and 48 added.

The largest buyer was AQR Capital Management, adding an estimated $6.57M. The largest seller was Morgan Stanley, cutting an estimated $10.4M.

  • 121 institutional investors held Freedom Holding (FRHC) as of Q4 2025, down from 135 in Q3 2025.
  • Funds reported $285M of Freedom Holding stock for Q4 2025, down 34% quarter-over-quarter.
  • 14 funds opened new Freedom Holding positions in Q4 2025 and 27 closed out, a net change of -13 holders.
  • The largest Freedom Holding buyer in Q4 2025 was AQR Capital Management, an estimated $6.57M added.
  • The largest Freedom Holding seller in Q4 2025 was Morgan Stanley, an estimated $10.4M sold.

Based on aggregated 13F filings for Q4 2025.