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489 hedge funds and large institutions have $11.2B invested in Icon in 2025 Q2 according to their latest regulatory filings, with 70 funds opening new positions, 153 increasing their positions, 208 reducing their positions, and 136 closing their positions.

New
Increased
Maintained
Reduced
Closed

103% more call options, than puts

Call options by funds: $18.1M | Put options by funds: $8.93M

1.66% more ownership

Funds ownership: 93.72%95.38% (+1.7%)

8% less funds holding in top 10

Funds holding in top 10: 1312 (-1)

13% less funds holding

Funds holding: 560489 (-71)

16% less capital invested

Capital invested by funds: $13.4B → $11.2B (-$2.2B)

26% less repeat investments, than reductions

Existing positions increased: 153 | Existing positions reduced: 208

49% less first-time investments, than exits

New positions opened: 70 | Existing positions closed: 136

Holders
489
Holders Change
-71
Holders Change %
-12.68%
% of All Funds
6.44%
Holding in Top 10
12
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.69%
% of All Funds
0.16%
New
70
Increased
153
Reduced
208
Closed
136
Calls
$18.1M
Puts
$8.93M
Net Calls
+$9.16M
Net Calls Change
+$18.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Principal Financial Group
51
Principal Financial Group
Iowa
$56.8M +$12.5M +88,390 +29%
FFM
52
Fisher Funds Management
New Zealand
$56.2M -$18.4M -129,973 -25%
BBHC
53
Brown Brothers Harriman & Co
New York
$53.1M +$14.1M +99,670 +38%
BGIM
54
Brandywine Global Investment Management
Pennsylvania
$51.1M +$31.3M +220,381 +164%
Westfield Capital Management
55
Westfield Capital Management
Massachusetts
$50.3M -$2.28M -16,084 -4%
OAG
56
Orbis Allan Gray
Bermuda
$48.8M +$47.6M +335,677 New
BlackRock
57
BlackRock
New York
$47.5M +$3.87M +27,315 +9%
Renaissance Technologies
58
Renaissance Technologies
New York
$47.2M +$20.7M +145,900 +82%
CCM
59
Camber Capital Management
Massachusetts
$43.6M +$42.6M +300,000 New
ECM
60
ExodusPoint Capital Management
New York
$42.7M +$41.6M +293,343 New
Mawer Investment Management
61
Mawer Investment Management
Alberta, Canada
$38.7M -$44M -310,086 -54%
Legal & General Group
62
Legal & General Group
United Kingdom
$38.1M -$1.99M -14,039 -5%
Diamond Hill Capital Management
63
Diamond Hill Capital Management
Ohio
$38.1M -$603K -4,253 -2%
ITP
64
Iron Triangle Partners
Connecticut
$36.4M +$35.5M +250,000 New
RRAM
65
River Road Asset Management
Kentucky
$35.4M +$29.7M +209,094 New
CP
66
Coho Partners
Pennsylvania
$33.6M +$32.8M +231,343 New
Vanguard Group
67
Vanguard Group
Pennsylvania
$32.7M +$1.45M +10,215 +5%
ERSOT
68
Employees Retirement System of Texas
Texas
$32M -$496K -3,500 -2%
CIBC Private Wealth Group
69
CIBC Private Wealth Group
Georgia
$31.2M -$5.42M -38,245 -15%
Neuberger Berman Group
70
Neuberger Berman Group
New York
$30.3M -$78.5M -553,413 -73%
BIP
71
Brandes Investment Partners
California
$30.2M +$29.4M +207,533 New
EHI
72
Eagle Health Investments
Connecticut
$29.5M -$908K -6,400 -3%
WCM Investment Management
73
WCM Investment Management
California
$28.9M -$878M -6,189,725 -97%
LCM
74
Lakewood Capital Management
New York
$28.4M +$27.7M +195,200 New
CF
75
Canoe Financial
Alberta, Canada
$28.2M +$2.58M +18,174 +10%

ICLR Hedge Fund Activity: Q2 2025 in Review

489 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Icon (ICLR) for Q2 2025, worth a combined $11.2B — down 16% from $13.4B a quarter earlier.

Sellers outnumbered buyers: 136 funds closed out of ICLR and 70 opened new positions — a net loss of 66 holders — while 208 trimmed existing stakes and 153 added.

The largest buyer was Artisan Partners, adding an estimated $410M. The largest seller was WCM Investment Management, cutting an estimated $878M.

  • 489 institutional investors held Icon (ICLR) as of Q2 2025, down from 560 in Q1 2025.
  • Funds reported $11.2B of Icon stock for Q2 2025, down 16% quarter-over-quarter.
  • 70 funds opened new Icon positions in Q2 2025 and 136 closed out, a net change of -66 holders.
  • The largest Icon buyer in Q2 2025 was Artisan Partners, an estimated $410M added.
  • The largest Icon seller in Q2 2025 was WCM Investment Management, an estimated $878M sold.

Based on aggregated 13F filings for Q2 2025.