H&R Block
506 hedge funds and large institutions have $5.12B invested in H&R Block in 2025 Q4 according to their latest regulatory filings, with 74 funds opening new positions, 154 increasing their positions, 202 reducing their positions, and 99 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
16% more call options, than puts
Call options by funds: $13.3M | Put options by funds: $11.4M
3.76% more ownership
Funds ownership: 89.16% → 92.92% (+3.8%)
6% less funds holding
Funds holding: 541 → 506 (-35)
14% less capital invested
Capital invested by funds: $5.93B → $5.12B (-$811M)
24% less repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 202
25% less first-time investments, than exits
New positions opened: 74 | Existing positions closed: 99
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RFM
Ranmore Fund Management
Cobham,
United Kingdom
|
+$44.3M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$37.8M |
| 3 |
LHC
Lodge Hill Capital
New York
|
+$37.4M |
| 4 |
Millennium Management
New York
|
+$28.6M |
| 5 |
D.E. Shaw & Co
New York
|
+$23.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$109M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$49.5M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$38.4M |
| 4 |
Lazard Asset Management
New York
|
-$33.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$28.3M |
HRB Hedge Fund Activity: Q4 2025 in Review
506 of the 8,261 institutional investors tracked by Wall St. Rank reported a position in H&R Block (HRB) for Q4 2025, worth a combined $5.12B — down 14% from $5.93B a quarter earlier.
Sellers outnumbered buyers: 99 funds closed out of HRB and 74 opened new positions — a net loss of 25 holders — while 202 trimmed existing stakes and 154 added.
The largest buyer was Ranmore Fund Management, opening a new position worth an estimated $44.3M. The largest seller was Franklin Resources, cutting an estimated $109M.
- 506 institutional investors held H&R Block (HRB) as of Q4 2025, down from 541 in Q3 2025.
- Funds reported $5.12B of H&R Block stock for Q4 2025, down 14% quarter-over-quarter.
- 74 funds opened new H&R Block positions in Q4 2025 and 99 closed out, a net change of -25 holders.
- The largest H&R Block buyer in Q4 2025 was Ranmore Fund Management, an estimated $44.3M added.
- The largest H&R Block seller in Q4 2025 was Franklin Resources, an estimated $109M sold.
Based on aggregated 13F filings for Q4 2025.