We are live on ! Find out more
NOTE

FiscalNote
NOTE

Delisted

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

Back to rankings

51 hedge funds and large institutions have $3.69M invested in FiscalNote in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

27% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 11

13.2% more ownership

Funds ownership: 2.68% → 15.89% (+13%)

9% more funds holding

Funds holding: 47 → 51 (+4)

58% less call options, than puts

Call options by funds: $109K | Put options by funds: $258K

82% less capital invested

Capital invested by funds: $20.3M → $3.69M (-$16.6M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
51
Holders Change
+4
Holders Change %
+8.51%
% of All Funds
0.62%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
13
Increased
14
Reduced
11
Closed
8
Calls
$109K
Puts
$258K
Net Calls
-$149K
Net Calls Change
+$167K

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$352K
2
Two Sigma Investments
Two Sigma Investments
New York
+$319K
3
SCM
Stonehill Capital Management
New York
+$241K
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$235K
5
Vanguard Group
Vanguard Group
Pennsylvania
+$187K

Top Sellers

Rank Fund Capital Flow
1
YAG
Yorkville Advisors Global
New Jersey
-$440K
2
UBS Group
UBS Group
Switzerland
-$246K
3
Marshall Wace
Marshall Wace
United Kingdom
-$194K
4
JF
Jump Financial
Illinois
-$125K
5
Goldman Sachs
Goldman Sachs
New York
-$81.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
RS
26
R Squared
Hong Kong
$23.1K +$47.7K +15,681 New
Northern Trust
27
Northern Trust
Illinois
$21.9K – – –
BCM
28
Bridgeway Capital Management
Texas
$19.1K -$5.8K -1,907 -13%
UBS Group
29
UBS Group
Switzerland
$18.4K -$246K -80,981 -87%
HF
30
HRT Financial
New York
$14K +$30.9K +10,172 New
IAIM
31
International Assets Investment Management
Florida
$7.04K +$14.6K +4,791 New
Simplex Trading
32
Simplex Trading
Illinois
$4.18K -$25.6K -8,413 -75%
Wells Fargo
33
Wells Fargo
California
$2.94K – – –
T
34
Tidemark
California
$962 – – –
Group One Trading
35
Group One Trading
Illinois
$756 +$1.56K +514 New
AUB
36
Atlantic Union Bankshares
Virginia
$679 – – –
LIA
37
Limestone Investment Advisors
New York
$601 – – –
TRCT
38
Tower Research Capital (TRC)
New York
$522 -$21.8K -7,160 -95%
CA
39
CoreCap Advisors
Michigan
$419 – – –
SS
40
SBI Securities
Japan
$209 +$432 +142 New
Bank of America
41
Bank of America
North Carolina
$156 +$33 +11 +12%
MCM
42
MAI Capital Management
Ohio
$145 – – –
Rockefeller Capital Management
43
Rockefeller Capital Management
New York
$122 -$1.87K -616 -88%
SWM
44
SHP Wealth Management
Massachusetts
$66 +$137 +45 New
BNP Paribas Financial Markets
45
BNP Paribas Financial Markets
France
$53 +$9 +3 +9%
National Bank of Canada
46
National Bank of Canada
Quebec, Canada
$48 +$100 +33 New
LI
47
LRI Investments
Florida
$37 – – –
FRA
48
Front Row Advisors
California
$18 +$27 +9 +300%
DB
49
Danske Bank
Denmark
$1 – – –
Optiver Holding
50
Optiver Holding
Netherlands
$1 – – –
1
2
3

NOTE Hedge Fund Activity: Q4 2025 in Review

51 of the 8,244 institutional investors tracked by Wall St. Rank reported a position in FiscalNote (NOTE) for Q4 2025, worth a combined $3.69M — down 82% from $20.3M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NOTE positions and 8 closed out — a net gain of 5 holders — while 14 added to existing stakes and 11 trimmed.

The largest buyer was Citadel Advisors, opening a new position worth an estimated $352K. The largest seller was Yorkville Advisors Global, exiting entirely with an estimated $440K sold.

  • 51 institutional investors held FiscalNote (NOTE) as of Q4 2025, up from 47 in Q3 2025.
  • Funds reported $3.69M of FiscalNote stock for Q4 2025, down 82% quarter-over-quarter.
  • 13 funds opened new FiscalNote positions in Q4 2025 and 8 closed out, a net change of +5 holders.
  • The largest FiscalNote buyer in Q4 2025 was Citadel Advisors, an estimated $352K added.
  • The largest FiscalNote seller in Q4 2025 was Yorkville Advisors Global, an estimated $440K sold.

Based on aggregated 13F filings for Q4 2025.