Netcapital
NCPL
12 hedge funds and large institutions have $130K invested in Netcapital in 2025 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
9% more funds holding
Funds holding: 11 → 12 (+1)
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
6.14% less ownership
Funds ownership: 9% → 2.86% (-6.1%)
87% less capital invested
Capital invested by funds: $1.02M → $130K (-$890K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$46.8K |
| 2 |
VF
Virtu Financial
New York
|
+$43.9K |
| 3 |
XT
XTX Topco
George Town,
Cayman Islands
|
+$32.4K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.93K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$3 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$452K |
| 2 |
DS
DRW Securities
Chicago,
Illinois
|
-$278K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$2.1K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.43K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Vanguard Group
Malvern,
Pennsylvania
| $33.9K | – | – | – |
|
|
2
Geode Capital Management
Boston,
Massachusetts
| $24.5K | -$2.1K | -1,303 | -3% |
|
|
3
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $19.1K | +$46.8K | +28,967 | New |
|
|
VF
4
Virtu Financial
New York
| $18K | +$43.9K | +27,176 | New |
|
|
XT
5
XTX Topco
George Town,
Cayman Islands
| $13.2K | +$32.4K | +20,022 | New |
|
6
LPL Financial
San Diego,
California
| $6.6K | – | – | – |
|
|
LFG
7
Larson Financial Group
St Louis,
Missouri
| $5.25K | – | – | – |
|
|
8
UBS Group
Zurich,
Switzerland
| $4.43K | -$1.43K | -883 | -12% |
|
|
TRCT
9
Tower Research Capital (TRC)
New York
| $2.67K | +$2.93K | +1,813 | +81% |
|
10
Morgan Stanley
New York
| $1.98K | – | – | – |
|
|
11
Bank of America
Charlotte,
North Carolina
| $28 | +$3 | +2 | +5% |
|
12
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $1 | – | – | – |
|
|
13
Renaissance Technologies
New York
| – | -$452K | -188,146 | Closed |
|
|
DS
14
DRW Securities
Chicago,
Illinois
| – | -$278K | -115,945 | Closed |
|
NCPL Hedge Fund Activity: Q4 2025 in Review
12 of the 8,245 institutional investors tracked by Wall St. Rank reported a position in Netcapital (NCPL) for Q4 2025, worth a combined $130K — down 87% from $1.02M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new NCPL positions and 2 closed out — a net gain of 1 holder — while 2 added to existing stakes and 2 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $46.8K. The largest seller was Renaissance Technologies, exiting entirely with an estimated $452K sold.
- 12 institutional investors held Netcapital (NCPL) as of Q4 2025, up from 11 in Q3 2025.
- Funds reported $130K of Netcapital stock for Q4 2025, down 87% quarter-over-quarter.
- 3 funds opened new Netcapital positions in Q4 2025 and 2 closed out, a net change of +1 holder.
- The largest Netcapital buyer in Q4 2025 was Susquehanna International Group, an estimated $46.8K added.
- The largest Netcapital seller in Q4 2025 was Renaissance Technologies, an estimated $452K sold.
Based on aggregated 13F filings for Q4 2025.