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Moderna
MRNA

694 hedge funds and large institutions have $8B invested in Moderna in 2025 Q1 according to their latest regulatory filings, with 87 funds opening new positions, 262 increasing their positions, 208 reducing their positions, and 128 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more repeat investments, than reductions

Existing positions increased: 262 | Existing positions reduced: 208

1.13% more ownership

Funds ownership: 72% → 73.13% (+1.1%)

7% less funds holding

Funds holding: 746 → 694 (-52)

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

22% less call options, than puts

Call options by funds: $800M | Put options by funds: $1.03B

31% less capital invested

Capital invested by funds: $11.5B → $8B (-$3.52B)

32% less first-time investments, than exits

New positions opened: 87 | Existing positions closed: 128

Holders
694
Holders Change
-52
Holders Change %
-6.97%
% of All Funds
9.3%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.09%
New
87
Increased
262
Reduced
208
Closed
128
Calls
$800M
Puts
$1.03B
Net Calls
-$226M
Net Calls Change
+$1.34M

Top Buyers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$137M
2
Two Sigma Investments
Two Sigma Investments
New York
+$134M
3
Two Sigma Advisers
Two Sigma Advisers
New York
+$131M
4
Morgan Stanley
Morgan Stanley
New York
+$113M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$87.5M

Top Sellers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$495M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$105M
3
Norges Bank
Norges Bank
Norway
-$42.6M
4
Pictet Asset Management
Pictet Asset Management
Switzerland
-$38.6M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$36.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAWM
601
Capital A Wealth Management
Pennsylvania
$1.84K – – –
PWMG
602
Prestige Wealth Management Group
New Jersey
$1.81K +$1.92K +54 +540%
LI
603
Louisbourg Investments
New Brunswick, Canada
$1.76K – – –
PPA
604
Painted Porch Advisors
California
$1.7K +$2.13K +60 New
AAP
605
Arax Advisory Partners
Colorado
$1.67K -$9.3K -262 -82%
AWM
606
Abound Wealth Management
Tennessee
$1.56K -$106 -3 -5%
PA
607
PSI Advisors
Florida
$1.56K – – –
SIC
608
Salem Investment Counselors
North Carolina
$1.56K – – –
IA
609
IFS Advisors
Kansas
$1.56K – – –
HFS
610
Hughes Financial Services
Virginia
$1.55K +$2.02K +57 New
KFI
611
Key Financial Inc
Pennsylvania
$1.45K – – –
BWM
612
Bernard Wealth Management
Michigan
$1.42K – – –
HPC
613
HM Payson & Co
Maine
$1.42K – – –
DFC
614
DB Fitzpatrick & Co
Idaho
$1.42K +$1.77K +50 New
PSB
615
Piscataqua Savings Bank
New Hampshire
$1.42K -$3.55K -100 -67%
CB
616
Community Bank
New York
$1.42K – – –
BCM
617
Blume Capital Management
California
$1.39K +$142 +4 +9%
TWD
618
True Wealth Design
Ohio
$1.3K +$1.46K +41 +820%
PP
619
Pacifica Partners
Canada
$1.29K -$3.55K -100 -67%
AWM
620
Ameliora Wealth Management
Switzerland
$1.28K – – –
CIA
621
Cape Investment Advisory
Georgia
$1.22K – – –
WBC
622
West Branch Capital
Massachusetts
$1.19K – – –
SWIM
623
Smallwood Wealth Investment Management
New Jersey
$1.16K +$1.46K +41 New
GIA
624
GHP Investment Advisors
Colorado
$1.13K – – –
DWS
625
Dynamic Wealth Strategies
California
$1.13K +$1.42K +40 New
23 24
25
26 27

MRNA Hedge Fund Activity: Q1 2025 in Review

694 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Moderna (MRNA) for Q1 2025, worth a combined $8B — down 31% from $11.5B a quarter earlier.

Sellers outnumbered buyers: 128 funds closed out of MRNA and 87 opened new positions — a net loss of 41 holders — while 208 trimmed existing stakes and 262 added.

The largest buyer was D.E. Shaw & Co, adding an estimated $137M. The largest seller was Baillie Gifford & Co, cutting an estimated $495M.

  • 694 institutional investors held Moderna (MRNA) as of Q1 2025, down from 746 in Q4 2024.
  • Funds reported $8B of Moderna stock for Q1 2025, down 31% quarter-over-quarter.
  • 87 funds opened new Moderna positions in Q1 2025 and 128 closed out, a net change of -41 holders.
  • The largest Moderna buyer in Q1 2025 was D.E. Shaw & Co, an estimated $137M added.
  • The largest Moderna seller in Q1 2025 was Baillie Gifford & Co, an estimated $495M sold.

Based on aggregated 13F filings for Q1 2025.