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IRS

IRSA Inversiones y Representaciones
IRS

58 hedge funds and large institutions have $222M invested in IRSA Inversiones y Representaciones in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 10

50% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 14

49% more capital invested

Capital invested by funds: $150M → $222M (+$72.8M)

21% more funds holding

Funds holding: 48 → 58 (+10)

0.8% more ownership

Funds ownership: 16.57% → 17.36% (+0.8%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $10K

Holders
58
Holders Change
+10
Holders Change %
+20.83%
% of All Funds
0.71%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
21
Increased
21
Reduced
14
Closed
10
Calls
–
Puts
$10K
Net Calls
-$10K
Net Calls Change
+$304K

Top Buyers

1
HI
Helikon Investments
United Kingdom
+$10.3M
2
BHCM
Brevan Howard Capital Management
Jersey
+$5.53M
3
RAM
RWC Asset Management
United Kingdom
+$2.24M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$1.39M
5
KGI
Kopernik Global Investors
Florida
+$1.23M

Top Sellers

1
Macquarie Group
Macquarie Group
Australia
-$25.5M
2
Millennium Management
Millennium Management
New York
-$5.29M
3
6CM
683 Capital Management
New York
-$2.57M
4
Marshall Wace
Marshall Wace
United Kingdom
-$1.45M
5
BBP
Banco BTG Pactual
Brazil
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
1
Helikon Investments
United Kingdom
$68.5M +$10.3M +718,512 +21%
VAS
2
VR Advisory Services
Cayman Islands
$44.2M +$200K +13,926 +0.5%
NAMI
3
Nomura Asset Management International
Pennsylvania
$35.9M +$31.2M +2,170,701 New
JP Morgan Chase
4
JP Morgan Chase
New York
$15.3M +$100K +6,969 +0.8%
Mirae Asset Global ETFs Holdings
5
Mirae Asset Global ETFs Holdings
Hong Kong
$11M +$243K +16,886 +3%
BNP Paribas Financial Markets
6
BNP Paribas Financial Markets
France
$9.95M +$1.39M +97,089 +19%
BHCM
7
Brevan Howard Capital Management
Jersey
$6.5M +$5.53M +385,038 +3,488%
Morgan Stanley
8
Morgan Stanley
New York
$4.19M -$1.01M -70,613 -22%
Arrowstreet Capital
9
Arrowstreet Capital
Massachusetts
$3.67M +$520K +36,219 +20%
RAM
10
RWC Asset Management
United Kingdom
$2.58M +$2.24M +155,815 New
6CM
11
683 Capital Management
New York
$2.56M -$2.57M -179,179 -54%
Goldman Sachs
12
Goldman Sachs
New York
$2.04M +$1.03M +72,010 +141%
S
13
Systrade
Liechtenstein
$1.98M +$140K +9,780 +9%
Polen Capital Management
14
Polen Capital Management
Florida
$1.7M +$109K +7,605 +8%
PCM
15
Ping Capital Management
New York
$1.6M +$49.5K +3,448 +4%
KGI
16
Kopernik Global Investors
Florida
$1.41M +$1.23M +85,366 New
Invesco
17
Invesco
Georgia
$1.07M +$141K +9,812 +18%
Citadel Advisors
18
Citadel Advisors
Florida
$1.06M +$921K +64,152 New
SAM
19
Secure Asset Management
Michigan
$1.03M -$172K -11,947 -16%
GC
20
Glenorchy Capital
Australia
$887K +$148K +10,293 +24%
MFS
21
Mirabella Financial Services
United Kingdom
$729K +$633K +44,104 New
CCP
22
Crocodile Capital Partners
Germany
$647K +$41.5K +2,890 +8%
Acadian Asset Management
23
Acadian Asset Management
Massachusetts
$491K +$427K +29,717 New
State of Wisconsin Investment Board
24
State of Wisconsin Investment Board
Wisconsin
$424K +$369K +25,662 New
Bank of America
25
Bank of America
North Carolina
$396K +$7.77K +541 +2%
1
2 3

IRS Hedge Fund Activity: Q4 2025 in Review

58 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in IRSA Inversiones y Representaciones (IRS) for Q4 2025, worth a combined $222M — up 49% from $150M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new IRS positions and 10 closed out — a net gain of 11 holders — while 21 added to existing stakes and 14 trimmed.

The largest buyer was Helikon Investments, adding an estimated $10.3M. The largest seller was Macquarie Group, exiting entirely with an estimated $25.5M sold.

  • 58 institutional investors held IRSA Inversiones y Representaciones (IRS) as of Q4 2025, up from 48 in Q3 2025.
  • Funds reported $222M of IRSA Inversiones y Representaciones stock for Q4 2025, up 49% quarter-over-quarter.
  • 21 funds opened new IRSA Inversiones y Representaciones positions in Q4 2025 and 10 closed out, a net change of +11 holders.
  • The largest IRSA Inversiones y Representaciones buyer in Q4 2025 was Helikon Investments, an estimated $10.3M added.
  • The largest IRSA Inversiones y Representaciones seller in Q4 2025 was Macquarie Group, an estimated $25.5M sold.

Based on aggregated 13F filings for Q4 2025.