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174 hedge funds and large institutions have $272M invested in Orion in 2025 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 69 increasing their positions, 58 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

49,543% more call options, than puts

Call options by funds: $3.48M | Put options by funds: $7K

19% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 58

3% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 32

0.87% less ownership

Funds ownership: 92.72%91.85% (-0.87%)

2% less funds holding

Funds holding: 177174 (-3)

31% less capital invested

Capital invested by funds: $395M → $272M (-$122M)

100% less funds holding in top 10

Funds holding in top 10: 30 (-3)

Holders
174
Holders Change
-3
Holders Change %
-1.69%
% of All Funds
2.11%
Holding in Top 10
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
New
33
Increased
69
Reduced
58
Closed
32
Calls
$3.48M
Puts
$7K
Net Calls
+$3.47M
Net Calls Change
-$1.55M
Name Holding Trade Value Shares
Change
Change in
Stake
Pzena Investment Management
1
Pzena Investment Management
New York
$24.2M -$609K -112,229 -2%
BlackRock
2
BlackRock
New York
$21.2M -$1.27M -234,369 -6%
DCM
3
Divisar Capital Management
California
$14.5M +$1.58M +291,942 +12%
HP
4
Harvey Partners
New York
$12.7M -$84.5K -15,580 -0.6%
D.E. Shaw & Co
5
D.E. Shaw & Co
New York
$12.5M +$2.64M +486,546 +26%
American Century Companies
6
American Century Companies
Missouri
$11.9M +$669K +123,390 +6%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$11.6M -$809K -149,076 -6%
Brown Advisory
8
Brown Advisory
Maryland
$11.2M -$1.78M -327,243 -13%
Vanguard Group
9
Vanguard Group
Pennsylvania
$9.95M -$53K -9,767 -0.5%
Invesco
10
Invesco
Georgia
$9.55M +$42.8K +7,898 +0.4%
Charles Schwab
11
Charles Schwab
California
$7.42M +$1.28M +236,013 +20%
Morgan Stanley
12
Morgan Stanley
New York
$7.2M +$4.11M +757,811 +125%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$7.05M -$29.8K -5,486 -0.4%
State Street
14
State Street
Massachusetts
$6.35M -$879K -162,007 -12%
AQR Capital Management
15
AQR Capital Management
Connecticut
$4.62M +$3.71M +684,749 +361%
MPMG
16
Minneapolis Portfolio Management Group
Minnesota
$4.47M -$103K -19,008 -2%
JP Morgan Chase
17
JP Morgan Chase
New York
$4.35M +$571K +105,336 +15%
Fuller & Thaler Asset Management
18
Fuller & Thaler Asset Management
California
$4.21M +$1.76M +324,921 +69%
Qube Research & Technologies (QRT)
19
Qube Research & Technologies (QRT)
United Kingdom
$3.58M +$406K +74,817 +12%
QOP
20
Quinn Opportunity Partners
Virginia
$3.42M +$1.26M +232,698 +56%
ICM
21
Invenomic Capital Management
Massachusetts
$3.39M +$41.4K +7,631 +1%
LIP
22
Lighthouse Investment Partners
Florida
$3.3M +$651K +120,000 +24%
Raymond James Financial
23
Raymond James Financial
Florida
$3.18M +$1.12M +206,770 +52%
Millennium Management
24
Millennium Management
New York
$2.58M -$316K -58,205 -11%
CM
25
CastleKnight Management
New York
$2.49M +$2.02M +372,841 +376%

OEC Hedge Fund Activity: Q4 2025 in Review

174 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in Orion (OEC) for Q4 2025, worth a combined $272M — down 31% from $395M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new OEC positions and 32 closed out — a net gain of 1 holder — while 69 added to existing stakes and 58 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $4.11M. The largest seller was Medina Value Partners, exiting entirely with an estimated $9.38M sold.

  • 174 institutional investors held Orion (OEC) as of Q4 2025, down from 177 in Q3 2025.
  • Funds reported $272M of Orion stock for Q4 2025, down 31% quarter-over-quarter.
  • 33 funds opened new Orion positions in Q4 2025 and 32 closed out, a net change of +1 holder.
  • The largest Orion buyer in Q4 2025 was Morgan Stanley, an estimated $4.11M added.
  • The largest Orion seller in Q4 2025 was Medina Value Partners, an estimated $9.38M sold.

Based on aggregated 13F filings for Q4 2025.