nCino
NCNO
295 hedge funds and large institutions have $3.2B invested in nCino in 2025 Q4 according to their latest regulatory filings, with 68 funds opening new positions, 102 increasing their positions, 107 reducing their positions, and 65 closing their positions.
570% more call options, than puts
Call options by funds: $11.8M | Put options by funds: $1.76M
5% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 65
5% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 107
1% less funds holding
Funds holding: 298 → 295 (-3)
2.67% less ownership
Funds ownership: 111.58% → 108.92% (-2.7%)
9% less capital invested
Capital invested by funds: $3.5B → $3.2B (-$301M)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
+$72.9M |
| 2 |
Millennium Management
New York
|
+$43.1M |
| 3 |
SM
Senvest Management
New York
|
+$42.1M |
| 4 |
OAM
Ophir Asset Management
Sydney,
Australia
|
+$33.7M |
| 5 |
SCM
Spyglass Capital Management
San Francisco,
California
|
+$19.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$75.9M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$60.4M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$59.9M |
| 4 |
SP
ShawSpring Partners
Boston,
Massachusetts
|
-$42.1M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$37.9M |
NCNO Hedge Fund Activity: Q4 2025 in Review
295 of the 8,226 institutional investors tracked by Wall St. Rank reported a position in nCino (NCNO) for Q4 2025, worth a combined $3.2B — down 8.6% from $3.5B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new NCNO positions and 65 closed out — a net gain of 3 holders — while 102 added to existing stakes and 107 trimmed.
The largest buyer was Tremblant Capital Group, adding an estimated $72.9M. The largest seller was Wasatch Advisors, cutting an estimated $75.9M.
- 295 institutional investors held nCino (NCNO) as of Q4 2025, down from 298 in Q3 2025.
- Funds reported $3.2B of nCino stock for Q4 2025, down 8.6% quarter-over-quarter.
- 68 funds opened new nCino positions in Q4 2025 and 65 closed out, a net change of +3 holders.
- The largest nCino buyer in Q4 2025 was Tremblant Capital Group, an estimated $72.9M added.
- The largest nCino seller in Q4 2025 was Wasatch Advisors, an estimated $75.9M sold.
Based on aggregated 13F filings for Q4 2025.