We are live on ! Find out more
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
ECP
1
Electric Capital Partners
California
$6.74M +$19.4M +1,375,956 New
WP
2
Woodline Partners
California
$2.86M +$3.71M +262,537 +82%
SCM
3
Saba Capital Management
New York
$2.26M +$4.72M +334,205 +264%
WAM
4
Wolverine Asset Management
Illinois
$1.91M +$5.5M +389,914 New
Citadel Advisors
5
Citadel Advisors
Florida
$1.7M -$5.6M -396,421 -53%
SCM
6
Steadfast Capital Management
New York
$1.36M -$6.2M -439,427 -61%
DS
7
DRW Securities
Illinois
$1.33M +$3.82M +270,733 New
BlackRock
8
BlackRock
New York
$1.24M -$14 -1 -0%
Vanguard Group
9
Vanguard Group
Pennsylvania
$1.17M +$135K +9,583 +4%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$844K +$297K +21,025 +14%
UBS Group
11
UBS Group
Switzerland
$835K +$2.15M +152,629 +855%
SSA
12
Schonfeld Strategic Advisors
New York
$763K +$2.2M +155,747 New
Morgan Stanley
13
Morgan Stanley
New York
$691K +$1.97M +139,759 +10,330%
Millennium Management
14
Millennium Management
New York
$648K +$1.13M +80,212 +154%
Capital Fund Management (CFM)
15
Capital Fund Management (CFM)
France
$509K +$1.47M +103,953 New
Barclays
16
Barclays
United Kingdom
$471K +$1.32M +93,708 +3,947%
Two Sigma Investments
17
Two Sigma Investments
New York
$465K +$1.34M +94,876 New
Bank of America
18
Bank of America
North Carolina
$463K +$1.27M +89,675 +1,860%
Goldman Sachs
19
Goldman Sachs
New York
$411K +$1.19M +83,956 New
AC
20
Almitas Capital
California
$394K +$1.13M +80,408 New
Charles Schwab
21
Charles Schwab
California
$335K -$254K -18,000 -21%
State Street
22
State Street
Massachusetts
$299K +$7.03K +498 +0.8%
GAG
23
GM Advisory Group
New York
$277K +$799K +56,603 New
CHAM
24
Clear Harbor Asset Management
Connecticut
$196K +$450K +31,898 +391%
ECM
25
ExodusPoint Capital Management
New York
$186K +$537K +38,048 New
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.