FiscalNote
NOTE
NOTE was delisted on the 25th of March, 2026.
91 hedge funds and large institutions have $45.1M invested in FiscalNote in 2025 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 30 increasing their positions, 30 reducing their positions, and 5 closing their positions.
300% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 5
178% more call options, than puts
Call options by funds: $592K | Put options by funds: $213K
18% more funds holding
Funds holding: 77 → 91 (+14)
0% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 30
0.04% less ownership
Funds ownership: 3.45% → 3.41% (-0.04%)
25% less capital invested
Capital invested by funds: $60.4M → $45.1M (-$15.3M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$895K |
| 2 |
BlackRock
New York
|
+$816K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$346K |
| 4 |
Two Sigma Investments
New York
|
+$331K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$282K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.89M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$374K |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
-$324K |
| 4 |
SCM
Stonehill Capital Management
New York
|
-$229K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$142K |
NOTE Hedge Fund Activity: Q1 2025 in Review
91 of the 7,463 institutional investors tracked by Wall St. Rank reported a position in FiscalNote (NOTE) for Q1 2025, worth a combined $45.1M — down 25% from $60.4M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new NOTE positions and 5 closed out — a net gain of 15 holders — while 30 added to existing stakes and 30 trimmed.
The largest buyer was Focus Partners Wealth, adding an estimated $895K. The largest seller was Morgan Stanley, cutting an estimated $3.89M.
- 91 institutional investors held FiscalNote (NOTE) as of Q1 2025, up from 77 in Q4 2024.
- Funds reported $45.1M of FiscalNote stock for Q1 2025, down 25% quarter-over-quarter.
- 20 funds opened new FiscalNote positions in Q1 2025 and 5 closed out, a net change of +15 holders.
- The largest FiscalNote buyer in Q1 2025 was Focus Partners Wealth, an estimated $895K added.
- The largest FiscalNote seller in Q1 2025 was Morgan Stanley, an estimated $3.89M sold.
Based on aggregated 13F filings for Q1 2025.