Icon
ICLR
514 hedge funds and large institutions have $13B invested in Icon in 2025 Q3 according to their latest regulatory filings, with 91 funds opening new positions, 169 increasing their positions, 184 reducing their positions, and 61 closing their positions.
49% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 61
20% more call options, than puts
Call options by funds: $23M | Put options by funds: $19.1M
16% more capital invested
Capital invested by funds: $11.2B → $13B (+$1.84B)
5% more funds holding
Funds holding: 489 → 514 (+25)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
8% less repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 184
3.22% less ownership
Funds ownership: 95.38% → 92.16% (-3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$636M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$483M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$163M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$120M |
| 5 |
Harris Associates
Chicago,
Illinois
|
+$118M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$281M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$179M |
| 3 |
D.E. Shaw & Co
New York
|
-$160M |
| 4 |
CGI
Comgest Global Investors
Paris,
France
|
-$155M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$107M |
ICLR Hedge Fund Activity: Q3 2025 in Review
514 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Icon (ICLR) for Q3 2025, worth a combined $13B — up 16% from $11.2B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new ICLR positions and 61 closed out — a net gain of 30 holders — while 169 added to existing stakes and 184 trimmed.
The largest buyer was Orbis Allan Gray, adding an estimated $636M. The largest seller was Citadel Advisors, cutting an estimated $281M.
- 514 institutional investors held Icon (ICLR) as of Q3 2025, up from 489 in Q2 2025.
- Funds reported $13B of Icon stock for Q3 2025, up 16% quarter-over-quarter.
- 91 funds opened new Icon positions in Q3 2025 and 61 closed out, a net change of +30 holders.
- The largest Icon buyer in Q3 2025 was Orbis Allan Gray, an estimated $636M added.
- The largest Icon seller in Q3 2025 was Citadel Advisors, an estimated $281M sold.
Based on aggregated 13F filings for Q3 2025.