Icon
ICLR
417 hedge funds and large institutions have $8.74B invested in Icon in 2026 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 156 increasing their positions, 139 reducing their positions, and 149 closing their positions.
51% more call options, than puts
Call options by funds: $40M | Put options by funds: $26.5M
12% more repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 139
0.9% more ownership
Funds ownership: 95.81% → 96.71% (+0.9%)
12% less funds holding in top 10
Funds holding in top 10: 17 → 15 (-2)
19% less funds holding
Funds holding: 515 → 417 (-98)
38% less capital invested
Capital invested by funds: $14.1B → $8.74B (-$5.37B)
56% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 149
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWA
Brave Warrior Advisors
New York
|
+$409M |
| 2 |
SHCM
Sachem Head Capital Management
New York
|
+$288M |
| 3 |
GA
Greenhaven Associates
Purchase,
New York
|
+$271M |
| 4 |
Harris Associates
Chicago,
Illinois
|
+$252M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$213M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$768M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
-$537M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$297M |
| 4 |
WD
WGI DM
Boston,
Massachusetts
|
-$254M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$189M |
ICLR Hedge Fund Activity: Q1 2026 in Review
417 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Icon (ICLR) for Q1 2026, worth a combined $8.74B — down 38% from $14.1B a quarter earlier.
Sellers outnumbered buyers: 149 funds closed out of ICLR and 65 opened new positions — a net loss of 84 holders — while 139 trimmed existing stakes and 156 added.
The largest buyer was Brave Warrior Advisors, opening a new position worth an estimated $409M. The largest seller was Orbis Allan Gray, exiting entirely with an estimated $768M sold.
- 417 institutional investors held Icon (ICLR) as of Q1 2026, down from 515 in Q4 2025.
- Funds reported $8.74B of Icon stock for Q1 2026, down 38% quarter-over-quarter.
- 65 funds opened new Icon positions in Q1 2026 and 149 closed out, a net change of -84 holders.
- The largest Icon buyer in Q1 2026 was Brave Warrior Advisors, an estimated $409M added.
- The largest Icon seller in Q1 2026 was Orbis Allan Gray, an estimated $768M sold.
Based on aggregated 13F filings for Q1 2026.