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378 hedge funds and large institutions have $4B invested in Maximus in 2025 Q2 according to their latest regulatory filings, with 60 funds opening new positions, 143 increasing their positions, 126 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,443% more call options, than puts

Call options by funds: $540K | Put options by funds: $35K

67% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 36

13% more repeat investments, than reductions

Existing positions increased: 143 | Existing positions reduced: 126

6% more funds holding

Funds holding: 355378 (+23)

4% more capital invested

Capital invested by funds: $3.86B → $4B (+$139M)

0.77% more ownership

Funds ownership: 100.24%101% (+0.77%)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

Holders
378
Holders Change
+23
Holders Change %
+6.48%
% of All Funds
4.98%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
60
Increased
143
Reduced
126
Closed
36
Calls
$540K
Puts
$35K
Net Calls
+$505K
Net Calls Change
+$457K
Name Holding Trade Value Shares
Change
Change in
Stake
KTM
151
Keeler Thomas Management
Utah
$1.18M +$1.18M +16,799 New
Man Group
152
Man Group
United Kingdom
$1.18M -$27.8M -395,345 -96%
Ensign Peak Advisors
153
Ensign Peak Advisors
Utah
$1.17M
ASRS
154
Arizona State Retirement System
Arizona
$1.16M -$54.7K -778 -4%
Zurich Cantonal Bank
155
Zurich Cantonal Bank
Switzerland
$1.15M +$67.8K +965 +6%
Janney Montgomery Scott
156
Janney Montgomery Scott
Pennsylvania
$1.12M +$409K +5,824 +57%
LSERS
157
Louisiana State Employees Retirement System
Louisiana
$1.12M
EMPI
158
Elo Mutual Pension Insurance
Finland
$1.09M +$30.8K +438 +3%
VOYA Investment Management
159
VOYA Investment Management
Georgia
$1.08M +$20K +285 +2%
VRS
160
Virginia Retirement Systems
Virginia
$1.04M -$309K -4,400 -23%
Bank of Montreal
161
Bank of Montreal
Ontario, Canada
$1.04M -$55.7K -793 -5%
COPPSERS
162
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.02M +$66.6K +948 +7%
Handelsbanken Fonder
163
Handelsbanken Fonder
Sweden
$1.01M -$70.2K -1,000 -6%
Pathstone Holdings
164
Pathstone Holdings
New Jersey
$1.01M -$285K -4,054 -22%
RCM
165
Radnor Capital Management
Pennsylvania
$1M
SDIC
166
South Dakota Investment Council
South Dakota
$1M
ProShare Advisors
167
ProShare Advisors
Maryland
$991K -$46.5K -662 -4%
EF
168
Empirical Finance
Pennsylvania
$990K +$991K +14,109 New
Franklin Resources
169
Franklin Resources
California
$955K +$4.42K +63 +0.5%
SOMRS
170
State of Michigan Retirement System
Michigan
$949K
Squarepoint
171
Squarepoint
New York
$947K +$507K +7,221 +115%
PFSRSONJ
172
Police & Firemen's Retirement System of New Jersey
New Jersey
$905K +$33.2K +473 +4%
Tudor Investment Corp
173
Tudor Investment Corp
Connecticut
$898K +$565K +8,037 +169%
MF
174
Magnetar Financial
Illinois
$897K +$496K +7,059 +124%
PCM
175
Polaris Capital Management
Massachusetts
$892K

MMS Hedge Fund Activity: Q2 2025 in Review

378 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Maximus (MMS) for Q2 2025, worth a combined $4B — up 3.6% from $3.86B a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new MMS positions and 36 closed out — a net gain of 24 holders — while 143 added to existing stakes and 126 trimmed.

The largest buyer was Point72 Asset Management, adding an estimated $28.3M. The largest seller was Janus Henderson Group, cutting an estimated $29.2M.

  • 378 institutional investors held Maximus (MMS) as of Q2 2025, up from 355 in Q1 2025.
  • Funds reported $4B of Maximus stock for Q2 2025, up 3.6% quarter-over-quarter.
  • 60 funds opened new Maximus positions in Q2 2025 and 36 closed out, a net change of +24 holders.
  • The largest Maximus buyer in Q2 2025 was Point72 Asset Management, an estimated $28.3M added.
  • The largest Maximus seller in Q2 2025 was Janus Henderson Group, an estimated $29.2M sold.

Based on aggregated 13F filings for Q2 2025.