FiscalNote
NOTE
NOTE was delisted on the 25th of March, 2026.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$352K |
| 2 |
Two Sigma Investments
New York
|
+$319K |
| 3 |
SCM
Stonehill Capital Management
New York
|
+$241K |
| 4 |
Two Sigma Advisers
New York
|
+$235K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$187K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YAG
Yorkville Advisors Global
Mountainside,
New Jersey
|
-$440K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$246K |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$194K |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
-$125K |
| 5 |
Goldman Sachs
New York
|
-$81.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
YAG
51
Yorkville Advisors Global
Mountainside,
New Jersey
| – | -$440K | -95,000 | Closed |
|
|
52
Marshall Wace
London,
United Kingdom
| – | -$194K | -41,872 | Closed |
|
|
JF
53
Jump Financial
Chicago,
Illinois
| – | -$125K | -27,000 | Closed |
|
54
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$62.2K | -20,452 | -100% |
|
|
TCM
55
Tradewinds Capital Management
Bellingham,
Washington
| – | -$1.2K | -258 | Closed |
|
56
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$806 | -174 | Closed |
|
|
IA
57
IFP Advisors
Tampa,
Florida
| – | -$9 | -21 | Closed |
|
58
Citigroup
New York
| – | -$23 | -5 | Closed |
|
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.