FiscalNote
NOTE
NOTE was delisted on the 25th of March, 2026.
69 hedge funds and large institutions have $103M invested in FiscalNote in 2023 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 11 closing their positions.
70% more call options, than puts
Call options by funds: $129K | Put options by funds: $76K
55% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 11
10% more funds holding
Funds holding: 63 → 69 (+6)
0% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 17
0.24% less ownership
Funds ownership: 3.65% → 3.41% (-0.24%)
49% less capital invested
Capital invested by funds: $200M → $103M (-$97.6M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
+$2.62M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$828K |
| 3 |
DC
Diametric Capital
Boston,
Massachusetts
|
+$486K |
| 4 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$390K |
| 5 |
F1I
Fund 1 Investments
Rincon,
Puerto Rico
|
+$370K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Stonehill Capital Management
New York
|
-$21.2M |
| 2 |
Millennium Management
New York
|
-$2.63M |
| 3 |
MAG
Millrace Asset Group
Berwyn,
Pennsylvania
|
-$858K |
| 4 |
BlackRock
New York
|
-$644K |
| 5 |
LPL Financial
San Diego,
California
|
-$299K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
| – | -$64.4K | -1,473 | Closed |
|
77
HSBC Holdings
London,
United Kingdom
| – | -$63.9K | -1,464 | Closed |
|
|
SOA
78
Sea Otter Advisors
Miami,
Florida
| – | -$40K | -917 | Closed |
|
|
HWM
79
HighMark Wealth Management
St. Paul,
Minnesota
| – | -$7.28K | -167 | Closed |
|
|
SSB
80
Sandy Spring Bank
Olney,
Maryland
| – | -$364 | -8 | Closed |
|
NOTE Hedge Fund Activity: Q3 2023 in Review
69 of the 6,303 institutional investors tracked by Wall St. Rank reported a position in FiscalNote (NOTE) for Q3 2023, worth a combined $103M — down 49% from $200M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NOTE positions and 11 closed out — a net gain of 6 holders — while 17 added to existing stakes and 17 trimmed.
The largest buyer was Boothbay Fund Management, opening a new position worth an estimated $2.62M. The largest seller was Stonehill Capital Management, exiting entirely with an estimated $21.2M sold.
- 69 institutional investors held FiscalNote (NOTE) as of Q3 2023, up from 63 in Q2 2023.
- Funds reported $103M of FiscalNote stock for Q3 2023, down 49% quarter-over-quarter.
- 17 funds opened new FiscalNote positions in Q3 2023 and 11 closed out, a net change of +6 holders.
- The largest FiscalNote buyer in Q3 2023 was Boothbay Fund Management, an estimated $2.62M added.
- The largest FiscalNote seller in Q3 2023 was Stonehill Capital Management, an estimated $21.2M sold.
Based on aggregated 13F filings for Q3 2023.