Stride
397 hedge funds and large institutions have $3B invested in Stride in 2025 Q4 according to their latest regulatory filings, with 82 funds opening new positions, 131 increasing their positions, 157 reducing their positions, and 193 closing their positions.
322% more call options, than puts
Call options by funds: $145M | Put options by funds: $34.3M
1.53% less ownership
Funds ownership: 106.9% → 105.37% (-1.5%)
17% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 157
23% less funds holding
Funds holding: 518 → 397 (-121)
57% less capital invested
Capital invested by funds: $6.94B → $3B (-$3.94B)
58% less first-time investments, than exits
New positions opened: 82 | Existing positions closed: 193
75% less funds holding in top 10
Funds holding in top 10: 8 → 2 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$73.4M |
| 2 |
Two Sigma Investments
New York
|
+$70.5M |
| 3 |
Millennium Management
New York
|
+$57.7M |
| 4 |
SG Americas Securities
New York
|
+$50.4M |
| 5 |
Barclays
London,
United Kingdom
|
+$44.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$225M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$79M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$75.1M |
| 4 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
-$69.3M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$69.3M |
LRN Hedge Fund Activity: Q4 2025 in Review
397 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Stride (LRN) for Q4 2025, worth a combined $3B — down 57% from $6.94B a quarter earlier.
Sellers outnumbered buyers: 193 funds closed out of LRN and 82 opened new positions — a net loss of 111 holders — while 157 trimmed existing stakes and 131 added.
The largest buyer was Morgan Stanley, adding an estimated $73.4M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $225M sold.
- 397 institutional investors held Stride (LRN) as of Q4 2025, down from 518 in Q3 2025.
- Funds reported $3B of Stride stock for Q4 2025, down 57% quarter-over-quarter.
- 82 funds opened new Stride positions in Q4 2025 and 193 closed out, a net change of -111 holders.
- The largest Stride buyer in Q4 2025 was Morgan Stanley, an estimated $73.4M added.
- The largest Stride seller in Q4 2025 was William Blair Investment Management, an estimated $225M sold.
Based on aggregated 13F filings for Q4 2025.