Forum Markets
FRMM
55 hedge funds and large institutions have $30.6M invested in Forum Markets in 2025 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 34 closing their positions.
1,157% more call options, than puts
Call options by funds: $62.7M | Put options by funds: $4.99M
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
30.65% more ownership
Funds ownership: 2.36% → 33.01% (+31%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less funds holding
Funds holding: 62 → 55 (-7)
21% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 34
67% less capital invested
Capital invested by funds: $93.5M → $30.6M (-$62.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$5.5M |
| 2 |
SCM
Saba Capital Management
New York
|
+$4.72M |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
+$3.82M |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
+$3.71M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
+$2.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Diameter Capital Partners
New York
|
-$9.41M |
| 2 |
SCM
Steadfast Capital Management
New York
|
-$6.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$5.6M |
| 4 |
FFGM
Founders Fund Growth Management
San Francisco,
California
|
-$5.13M |
| 5 |
Renaissance Technologies
New York
|
-$1.82M |
FRMM Hedge Fund Activity: Q4 2025 in Review
55 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Forum Markets (FRMM) for Q4 2025, worth a combined $30.6M — down 67% from $93.5M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of FRMM and 27 opened new positions — a net loss of 7 holders — while 10 trimmed existing stakes and 14 added.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $5.5M. The largest seller was Diameter Capital Partners, exiting entirely with an estimated $9.41M sold.
- 55 institutional investors held Forum Markets (FRMM) as of Q4 2025, down from 62 in Q3 2025.
- Funds reported $30.6M of Forum Markets stock for Q4 2025, down 67% quarter-over-quarter.
- 27 funds opened new Forum Markets positions in Q4 2025 and 34 closed out, a net change of -7 holders.
- The largest Forum Markets buyer in Q4 2025 was Wolverine Asset Management, an estimated $5.5M added.
- The largest Forum Markets seller in Q4 2025 was Diameter Capital Partners, an estimated $9.41M sold.
Based on aggregated 13F filings for Q4 2025.