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NOTE

FiscalNote
NOTE

Delisted

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

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47 hedge funds and large institutions have $20.3M invested in FiscalNote in 2025 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 10 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 10

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.18% less ownership

Funds ownership: 2.86% → 2.68% (-0.18%)

20% less call options, than puts

Call options by funds: $1.3M | Put options by funds: $1.61M

27% less capital invested

Capital invested by funds: $27.6M → $20.3M (-$7.33M)

33% less funds holding

Funds holding: 70 → 47 (-23)

68% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 34

Holders
47
Holders Change
-23
Holders Change %
-32.86%
% of All Funds
0.62%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
11
Increased
21
Reduced
10
Closed
34
Calls
$1.3M
Puts
$1.61M
Net Calls
-$316K
Net Calls Change
-$382K

Top Buyers

Rank Fund Capital Flow
1
CPL
Corecam Pte Ltd
+$885K
2
YAG
Yorkville Advisors Global
New Jersey
+$614K
3
JF
Jump Financial
Illinois
+$165K
4
MG
Marex Group
+$157K
5
Vanguard Group
Vanguard Group
Pennsylvania
+$152K

Top Sellers

Rank Fund Capital Flow
1
GCP
GSA Capital Partners
United Kingdom
-$299K
2
CFG
Citizens Financial Group
Rhode Island
-$252K
3
Charles Schwab
Charles Schwab
California
-$236K
4
Renaissance Technologies
Renaissance Technologies
New York
-$213K
5
PWM
Prosperity Wealth Management
California
-$204K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$69K -$6 -1 -0%
Two Sigma Investments
27
Two Sigma Investments
New York
$64.3K +$89.8K +13,887 New
Simplex Trading
28
Simplex Trading
Illinois
$52K +$47K +7,268 +182%
TRCT
29
Tower Research Capital (TRC)
New York
$34.8K +$33.2K +5,142 +217%
Wells Fargo
30
Wells Fargo
California
$9.26K +$12.1K +1,866 +1,393%
Rockefeller Capital Management
31
Rockefeller Capital Management
New York
$3.24K +$4.52K +699 New
T
32
Tidemark
California
$3.03K – – –
AUB
33
Atlantic Union Bankshares
Virginia
$2.14K – – –
CA
34
CoreCap Advisors
Michigan
$1.32K – – –
LIA
35
Limestone Investment Advisors
New York
$1.3K +$127K +19,700 New
TCM
36
Tradewinds Capital Management
Washington
$1.2K – – –
Federated Hermes
37
Federated Hermes
Pennsylvania
$806 – – –
MCM
38
MAI Capital Management
Ohio
$454 +$633 +98 New
Bank of America
39
Bank of America
North Carolina
$439 -$6.79K -1,050 -92%
BNP Paribas Financial Markets
40
BNP Paribas Financial Markets
France
$153 -$478 -74 -69%
LI
41
LRI Investments
Florida
$116 +$162 +25 New
Citigroup
42
Citigroup
New York
$23 -$149 -23 -82%
FRA
43
Front Row Advisors
California
$14 +$19 +3 New
IA
44
IFP Advisors
Florida
$9 +$123 +19 +950%
DB
45
Danske Bank
Denmark
$5 +$6 +1 New
Optiver Holding
46
Optiver Holding
Netherlands
$5 +$6 +1 New
GCP
47
GSA Capital Partners
United Kingdom
– -$299K -46,528 Closed
CFG
48
Citizens Financial Group
Rhode Island
– -$252K -39,167 Closed
Charles Schwab
49
Charles Schwab
California
– -$236K -36,651 Closed
Renaissance Technologies
50
Renaissance Technologies
New York
– -$213K -33,047 Closed
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NOTE Hedge Fund Activity: Q3 2025 in Review

47 of the 7,629 institutional investors tracked by Wall St. Rank reported a position in FiscalNote (NOTE) for Q3 2025, worth a combined $20.3M — down 27% from $27.6M a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of NOTE and 11 opened new positions — a net loss of 23 holders — while 10 trimmed existing stakes and 21 added.

The largest buyer was Corecam Pte Ltd, opening a new position worth an estimated $885K. The largest seller was GSA Capital Partners, exiting entirely with an estimated $299K sold.

  • 47 institutional investors held FiscalNote (NOTE) as of Q3 2025, down from 70 in Q2 2025.
  • Funds reported $20.3M of FiscalNote stock for Q3 2025, down 27% quarter-over-quarter.
  • 11 funds opened new FiscalNote positions in Q3 2025 and 34 closed out, a net change of -23 holders.
  • The largest FiscalNote buyer in Q3 2025 was Corecam Pte Ltd, an estimated $885K added.
  • The largest FiscalNote seller in Q3 2025 was GSA Capital Partners, an estimated $299K sold.

Based on aggregated 13F filings for Q3 2025.