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384 hedge funds and large institutions have $5.06B invested in Maximus in 2025 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 147 increasing their positions, 132 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,850% more call options, than puts

Call options by funds: $8.29M | Put options by funds: $210K

33% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 39

27% more capital invested

Capital invested by funds: $4B → $5.06B (+$1.06B)

11% more repeat investments, than reductions

Existing positions increased: 147 | Existing positions reduced: 132

2% more funds holding

Funds holding: 378384 (+6)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

2.69% less ownership

Funds ownership: 101%98.31% (-2.7%)

Holders
384
Holders Change
+6
Holders Change %
+1.59%
% of All Funds
5.04%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
52
Increased
147
Reduced
132
Closed
39
Calls
$8.29M
Puts
$210K
Net Calls
+$8.09M
Net Calls Change
+$7.58M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$772M +$14K +173 +0%
BlackRock
2
BlackRock
New York
$726M +$54.5M +672,291 +9%
Vanguard Group
3
Vanguard Group
Pennsylvania
$585M -$5.8M -71,608 -1%
State Street
4
State Street
Massachusetts
$232M -$4.51M -55,720 -2%
Mackenzie Financial
5
Mackenzie Financial
Ontario, Canada
$205M -$20.5M -253,339 -10%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$171M +$3M +36,989 +2%
Fuller & Thaler Asset Management
7
Fuller & Thaler Asset Management
California
$159M -$315K -3,890 -0.2%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$135M +$870K +10,741 +0.7%
VBA
9
Van Berkom & Associates
Quebec, Canada
$106M -$8.47M -104,474 -8%
Boston Partners
10
Boston Partners
Massachusetts
$88.2M +$25M +308,892 +47%
RP
11
Reinhart Partners
Wisconsin
$84.2M +$626K +7,722 +0.8%
Charles Schwab
12
Charles Schwab
California
$71.8M -$7.05M -86,998 -10%
Northern Trust
13
Northern Trust
Illinois
$67.5M -$535K -6,603 -0.9%
SIMG
14
Stephens Investment Management Group
Texas
$65.9M +$19.2M +237,097 +49%
Federated Hermes
15
Federated Hermes
Pennsylvania
$62.9M +$717K +8,847 +1%
SCM
16
Sio Capital Management
New York
$50.9M +$772K +9,529 +2%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$50.4M +$220K +2,720 +0.5%
AQR Capital Management
18
AQR Capital Management
Connecticut
$49.9M -$36.9M -455,265 -45%
Allspring Global Investments
19
Allspring Global Investments
North Carolina
$47.9M +$5.2M +64,207 +14%
Janus Henderson Group
20
Janus Henderson Group
United Kingdom
$47.8M -$530K -6,539 -1%
Millennium Management
21
Millennium Management
New York
$47.7M +$38.6M +476,106 +1,025%
Bank of America
22
Bank of America
North Carolina
$41.4M +$7.27M +89,693 +25%
N
23
Nuveen
North Carolina
$37.8M -$5.25M -64,806 -14%
Morgan Stanley
24
Morgan Stanley
New York
$34.6M -$2.16M -26,618 -7%
Wellington Management Group
25
Wellington Management Group
Massachusetts
$34.2M +$1.79M +22,111 +6%

MMS Hedge Fund Activity: Q3 2025 in Review

384 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Maximus (MMS) for Q3 2025, worth a combined $5.06B — up 27% from $4B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new MMS positions and 39 closed out — a net gain of 13 holders — while 147 added to existing stakes and 132 trimmed.

The largest buyer was BlackRock, adding an estimated $54.5M. The largest seller was First Trust Advisors, cutting an estimated $44.2M.

  • 384 institutional investors held Maximus (MMS) as of Q3 2025, up from 378 in Q2 2025.
  • Funds reported $5.06B of Maximus stock for Q3 2025, up 27% quarter-over-quarter.
  • 52 funds opened new Maximus positions in Q3 2025 and 39 closed out, a net change of +13 holders.
  • The largest Maximus buyer in Q3 2025 was BlackRock, an estimated $54.5M added.
  • The largest Maximus seller in Q3 2025 was First Trust Advisors, an estimated $44.2M sold.

Based on aggregated 13F filings for Q3 2025.