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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
BlackRock
1
BlackRock
New York
$69.4M +$3.7M +25,527 +5%
State Street
2
State Street
Massachusetts
$26M +$706K +4,871 +2%
First Trust Advisors
3
First Trust Advisors
Illinois
$24.9M +$3.07M +21,191 +12%
Geode Capital Management
4
Geode Capital Management
Massachusetts
$20.4M +$138K +950 +0.6%
Morgan Stanley
5
Morgan Stanley
New York
$15.1M -$10.4M -71,579 -37%
AQR Capital Management
6
AQR Capital Management
Connecticut
$8.75M +$6.57M +45,321 +171%
JP Morgan Chase
7
JP Morgan Chase
New York
$8.53M -$870K -5,999 -8%
Vanguard Group
8
Vanguard Group
Pennsylvania
$8.37M +$359K +2,477 +4%
Millennium Management
9
Millennium Management
New York
$6.19M -$10.2M -70,611 -58%
Northern Trust
10
Northern Trust
Illinois
$5.8M -$1.25M -8,591 -15%
Citadel Advisors
11
Citadel Advisors
Florida
$5.74M -$3.57M -24,614 -34%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$5.66M +$653K +4,500 +11%
Voloridge Investment Management
13
Voloridge Investment Management
Florida
$5.41M -$1.14M -7,857 -15%
Swiss National Bank
14
Swiss National Bank
Switzerland
$4.4M +$87K +600 +2%
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$4.25M +$1.44M +9,897 +40%
Bank of America
16
Bank of America
North Carolina
$4.08M -$3.94M -27,151 -45%
N
17
Nuveen
North Carolina
$4.07M -$989K -6,820 -17%
UBS AM
18
UBS AM
Illinois
$3.95M -$148K -1,023 -3%
Point72 Asset Management
19
Point72 Asset Management
Connecticut
$3.75M +$4.47M +30,851 New
UBS Group
20
UBS Group
Switzerland
$3.38M +$2.35M +16,210 +140%
HSBC Holdings
21
HSBC Holdings
United Kingdom
$3.09M -$793K -5,468 -18%
BNP Paribas Financial Markets
22
BNP Paribas Financial Markets
France
$2.81M -$403K -2,778 -11%
Invesco
23
Invesco
Georgia
$2.37M +$127K +877 +5%
Goldman Sachs
24
Goldman Sachs
New York
$2.21M +$623K +4,297 +31%
California State Teachers Retirement System (CalSTRS)
25
California State Teachers Retirement System (CalSTRS)
California
$2.14M -$2.32K -16 -0.1%

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.