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NOTE

FiscalNote

Delisted

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

70 hedge funds and large institutions have $27.6M invested in FiscalNote in 2025 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more call options, than puts

Call options by funds: $291K | Put options by funds: $225K

28% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 18

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.54% less ownership

Funds ownership: 3.41%2.86% (-0.54%)

23% less funds holding

Funds holding: 9170 (-21)

39% less capital invested

Capital invested by funds: $45.1M → $27.6M (-$17.4M)

50% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 38

Holders
70
Holders Change
-21
Holders Change %
-23.08%
% of All Funds
0.92%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
19
Increased
23
Reduced
18
Closed
38
Calls
$291K
Puts
$225K
Net Calls
+$66K
Net Calls Change
-$313K
Name Holding Trade Value Shares
Change
Change in
Stake
MCM
26
Moore Capital Management
New York
$107K
AQR Capital Management
27
AQR Capital Management
Connecticut
$102K +$107K +14,211 +855%
Northern Trust
28
Northern Trust
Illinois
$95.9K -$288K -38,401 -72%
MG
29
Marex Group
$89.1K +$72.8K +9,709 +235%
IAIM
30
International Assets Investment Management
Florida
$85.2K +$20K +2,666 +25%
LPL Financial
31
LPL Financial
California
$68.2K +$61.1K +8,148 +333%
KFC
32
Klingenstein Fields & Co
New York
$64.3K
Group One Trading
33
Group One Trading
Illinois
$57.7K -$375 -50 -0.6%
HF
34
HRT Financial
New York
$47K +$55.4K +7,394 New
Citadel Advisors
35
Citadel Advisors
Florida
$36.5K +$39.9K +5,329 +1,563%
JG
36
Jain Global
New York
$34K +$39.6K +5,281 New
PAS
37
Point72 Asia (Singapore)
Singapore
$31.4K +$36.5K +4,875 New
VF
38
Virtu Financial
New York
$27K -$3.37K -449 -10%
RS
39
R Squared
Hong Kong
$26.6K +$31K +4,133 New
Simplex Trading
40
Simplex Trading
Illinois
$25K +$17.2K +2,299 +136%
JWCA
41
J.W. Cole Advisors
Florida
$22K +$217 +29 +0.9%
TRCT
42
Tower Research Capital (TRC)
New York
$15.3K +$10.4K +1,394 +142%
C
43
Certuity
Florida
$15.2K
VPIM
44
Vanguard Personalized Indexing Management
California
$13.1K +$15.3K +2,039 New
BCM
45
Bridgeway Capital Management
Texas
$12.3K -$96.8K -12,917 -87%
Wealth Enhancement Advisory Services
46
Wealth Enhancement Advisory Services
Minnesota
$11K +$9.18K +1,225 New
CFO
47
Callan Family Office
Pennsylvania
$10.8K +$12.6K +1,677 New
PI
48
PFG Investments
New York
$10.6K
OMC
49
Oasis Management Company
Cayman Islands
$9.7K
JF
50
Jump Financial
Illinois
$9.7K +$11.3K +1,507 New

NOTE Hedge Fund Activity: Q2 2025 in Review

70 of the 7,602 institutional investors tracked by Wall St. Rank reported a position in FiscalNote (NOTE) for Q2 2025, worth a combined $27.6M — down 39% from $45.1M a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of NOTE and 19 opened new positions — a net loss of 19 holders — while 18 trimmed existing stakes and 23 added.

The largest buyer was Millennium Management, opening a new position worth an estimated $675K. The largest seller was BlackRock, cutting an estimated $2.29M.

  • 70 institutional investors held FiscalNote (NOTE) as of Q2 2025, down from 91 in Q1 2025.
  • Funds reported $27.6M of FiscalNote stock for Q2 2025, down 39% quarter-over-quarter.
  • 19 funds opened new FiscalNote positions in Q2 2025 and 38 closed out, a net change of -19 holders.
  • The largest FiscalNote buyer in Q2 2025 was Millennium Management, an estimated $675K added.
  • The largest FiscalNote seller in Q2 2025 was BlackRock, an estimated $2.29M sold.

Based on aggregated 13F filings for Q2 2025.