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FRMM

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
55
Holders Change
-7
Holders Change %
-11.29%
% of All Funds
0.67%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
27
Increased
14
Reduced
10
Closed
34
Calls
$62.7M
Puts
$4.99M
Net Calls
+$57.7M
Net Calls Change
+$22.6M

Top Buyers

1
WAM
Wolverine Asset Management
Illinois
+$5.5M
2
SCM
Saba Capital Management
New York
+$4.72M
3
DS
DRW Securities
Illinois
+$3.82M
4
WP
Woodline Partners
California
+$3.71M
5
SSA
Schonfeld Strategic Advisors
New York
+$2.2M

Top Sellers

1
DCP
Diameter Capital Partners
New York
-$9.41M
2
SCM
Steadfast Capital Management
New York
-$6.2M
3
Citadel Advisors
Citadel Advisors
Florida
-$5.6M
4
FFGM
Founders Fund Growth Management
California
-$5.13M
5
Renaissance Technologies
Renaissance Technologies
New York
-$1.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
Hudson Bay Capital Management
76
Hudson Bay Capital Management
Connecticut
– -$25.2K -1,783 Closed
Bank of New York Mellon
77
Bank of New York Mellon
New York
– -$42.1K -1,748 Closed
SG
78
StoneX Group
New York
– -$38.1K -1,580 Closed
AWM
79
Apollon Wealth Management
South Carolina
– -$36.1K -1,500 Closed
SC
80
Shay Capital
New York
– -$36.1K -1,500 Closed
SPM
81
Symmetry Peak Management
Pennsylvania
– -$35.4K -1,467 Closed
FCH
82
Freestone Capital Holdings
Washington
– -$28.2K -1,169 Closed
Wealth Enhancement Advisory Services
83
Wealth Enhancement Advisory Services
Minnesota
– -$23.8K -1,021 Closed
CCM
84
Corsair Capital Management
New York
– -$24.1K -1,000 Closed
RC
85
Rangeley Capital
Connecticut
– -$24.1K -1,000 Closed
TCA
86
Transcend Capital Advisors
New Jersey
– -$24.1K -1,000 Closed
Royal Bank of Canada
87
Royal Bank of Canada
Ontario, Canada
– -$6K -255 Closed
SPIA
88
Steward Partners Investment Advisory
New York
– -$4.7K -195 Closed
WANY
89
Wealthspire Advisors (New York)
New York
– -$1.21K -50 Closed
1 2 3
4

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.