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NOTE

FiscalNote
NOTE

Delisted

NOTE was delisted on the 25th of March, 2026.

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38 hedge funds and large institutions have $103M invested in FiscalNote in 2023 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

800% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 2

83% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 6

73% more funds holding

Funds holding: 22 → 38 (+16)

0.23% more ownership

Funds ownership: 2.92% → 3.15% (+0.23%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

57% less capital invested

Capital invested by funds: $240M → $103M (-$136M)

Holders
38
Holders Change
+16
Holders Change %
+72.73%
% of All Funds
0.61%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
18
Increased
11
Reduced
6
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$9.6M
2
Brown Advisory
Brown Advisory
Maryland
+$3.9M
3
Morgan Stanley
Morgan Stanley
New York
+$2.5M
4
Millennium Management
Millennium Management
New York
+$1.95M
5
MHP
Manatuck Hill Partners
Connecticut
+$1.69M

Top Sellers

Rank Fund Capital Flow
1
SCM
Stonehill Capital Management
New York
-$6.37M
2
NMC
NEA Management Company
Maryland
-$4.7M
3
UBS Group
UBS Group
Switzerland
-$251K
4
RP
Regal Partners
Australia
-$168K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$106K
Name Holding Trade Value Shares
Change 		Change in
Stake
DC
26
Diametric Capital
Massachusetts
$66.8K +$102K +2,497 New
LPL Financial
27
LPL Financial
California
$65.4K +$99.5K +2,446 New
Bank of New York Mellon
28
Bank of New York Mellon
New York
$62.6K – – –
Connor, Clark & Lunn Investment Management (CC&L)
29
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$60.6K +$92K +2,263 New
Citadel Advisors
30
Citadel Advisors
Florida
$43.1K +$65.5K +1,610 New
OMC
31
Oasis Management Company
Cayman Islands
$40.3K +$61.3K +1,507 New
CG
32
Colony Group
Massachusetts
$30K +$45.2K +1,112 New
ECM
33
ExodusPoint Capital Management
New York
$27K +$41.4K +1,017 New
Victory Capital Management
34
Victory Capital Management
Texas
$25.2K -$976 -24 -2%
TRCT
35
Tower Research Capital (TRC)
New York
$8K +$10.9K +268 +654%
JP Morgan Chase
36
JP Morgan Chase
New York
$5K +$7.6K +187 New
UBS Group
37
UBS Group
Switzerland
$4.25K -$251K -6,169 -97%
Wells Fargo
38
Wells Fargo
California
$1.12K +$41 +1 +2%
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
– -$106K -1,389 Closed
Citigroup
40
Citigroup
New York
– -$51.4K -676 Closed
1
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NOTE Hedge Fund Activity: Q1 2023 in Review

38 of the 6,277 institutional investors tracked by Wall St. Rank reported a position in FiscalNote (NOTE) for Q1 2023, worth a combined $103M — down 57% from $240M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NOTE positions and 2 closed out — a net gain of 16 holders — while 11 added to existing stakes and 6 trimmed.

The largest buyer was Vanguard Group, adding an estimated $9.6M. The largest seller was Stonehill Capital Management, cutting an estimated $6.37M.

  • 38 institutional investors held FiscalNote (NOTE) as of Q1 2023, up from 22 in Q4 2022.
  • Funds reported $103M of FiscalNote stock for Q1 2023, down 57% quarter-over-quarter.
  • 18 funds opened new FiscalNote positions in Q1 2023 and 2 closed out, a net change of +16 holders.
  • The largest FiscalNote buyer in Q1 2023 was Vanguard Group, an estimated $9.6M added.
  • The largest FiscalNote seller in Q1 2023 was Stonehill Capital Management, an estimated $6.37M sold.

Based on aggregated 13F filings for Q1 2023.