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NOTE

FiscalNote
NOTE

Delisted

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

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38 hedge funds and large institutions have $103M invested in FiscalNote in 2023 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

800% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 2

83% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 6

73% more funds holding

Funds holding: 22 → 38 (+16)

2.73% more ownership

Funds ownership: 35.02% → 37.75% (+2.7%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

57% less capital invested

Capital invested by funds: $240M → $103M (-$136M)

Holders
38
Holders Change
+16
Holders Change %
+72.73%
% of All Funds
0.6%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
18
Increased
11
Reduced
6
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$9.6M
2
Brown Advisory
Brown Advisory
Maryland
+$3.9M
3
Morgan Stanley
Morgan Stanley
New York
+$2.5M
4
Millennium Management
Millennium Management
New York
+$1.95M
5
MHP
Manatuck Hill Partners
Connecticut
+$1.69M

Top Sellers

Rank Fund Capital Flow
1
SCM
Stonehill Capital Management
New York
-$6.37M
2
NMC
NEA Management Company
Maryland
-$4.7M
3
UBS Group
UBS Group
Switzerland
-$251K
4
RP
Regal Partners
Australia
-$168K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$106K

NOTE Hedge Fund Activity: Q1 2023 in Review

38 of the 6,285 institutional investors tracked by Wall St. Rank reported a position in FiscalNote (NOTE) for Q1 2023, worth a combined $103M — down 57% from $240M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NOTE positions and 2 closed out — a net gain of 16 holders — while 11 added to existing stakes and 6 trimmed.

The largest buyer was Vanguard Group, adding an estimated $9.6M. The largest seller was Stonehill Capital Management, cutting an estimated $6.37M.

  • 38 institutional investors held FiscalNote (NOTE) as of Q1 2023, up from 22 in Q4 2022.
  • Funds reported $103M of FiscalNote stock for Q1 2023, down 57% quarter-over-quarter.
  • 18 funds opened new FiscalNote positions in Q1 2023 and 2 closed out, a net change of +16 holders.
  • The largest FiscalNote buyer in Q1 2023 was Vanguard Group, an estimated $9.6M added.
  • The largest FiscalNote seller in Q1 2023 was Stonehill Capital Management, an estimated $6.37M sold.

Based on aggregated 13F filings for Q1 2023.