2,096 hedge funds and large institutions have $164B invested in Linde in 2025 Q4 according to their latest regulatory filings, with 253 funds opening new positions, 712 increasing their positions, 869 reducing their positions, and 209 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more ownership

Funds ownership:

more call options, than puts

Call options by funds: $ | Put options by funds: $

less funds holding

Funds holding:

8% less capital invested

Capital invested by funds: $178B → $164B (-$14.2B)

11% less funds holding in top 10

Funds holding in top 10: 5549 (-6)

18% less repeat investments, than reductions

Existing positions increased: 712 | Existing positions reduced: 869

Holders
2,096
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
49
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$922M
Puts
$893M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Brown Advisory
251
Brown Advisory
Maryland
$44.5M
GLF
252
Groupe la Francaise
France
$44.5M
SCP
253
SailingStone Capital Partners
Texas
$44.4M
DnB Asset Management
254
DnB Asset Management
Norway
$44.4M
P
255
&Partners
Tennessee
$42.9M
FAF
256
Första AP-fonden
Sweden
$42.8M
Retirement Systems of Alabama
257
Retirement Systems of Alabama
Alabama
$42.4M
GFM
258
GF Fund Management
China
$42.3M
FMI
259
Factory Mutual Insurance
Massachusetts
$41.7M
GKIM
260
GW&K Investment Management
Massachusetts
$41.3M
Two Sigma Investments
261
Two Sigma Investments
New York
$40.9M
BPWM
262
Badgley Phelps Wealth Managers
Washington
$40.9M
UIM
263
USS Investment Management
United Kingdom
$40.8M
CIS
264
Capital International Sarl
California
$40.7M
MSE
265
MUFG Securities EMEA
United Kingdom
$40.6M
II
266
IFM Investors
Australia
$39.9M
A
267
Allianz
Germany
$39.8M
BBA
268
Baader Bank Aktiengesellschaft
Germany
$39.7M
GIA
269
Guyasuta Investment Advisors
Pennsylvania
$39.6M
ZIG
270
Zurich Insurance Group
Switzerland
$39.4M
Nomura Holdings
271
Nomura Holdings
Japan
$39M
Osaic Holdings
272
Osaic Holdings
Arizona
$38.9M
EPIM
273
Evelyn Partners Investment Management
$38.5M
SCP
274
Sandhill Capital Partners
New York
$38.3M
GC
275
Guggenheim Capital
Illinois
$37.1M