OneSpan
OSPN
196 hedge funds and large institutions have $452M invested in OneSpan in 2025 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 66 increasing their positions, 72 reducing their positions, and 32 closing their positions.
0% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 32
1% less funds holding
Funds holding: 197 → 196 (-1)
8% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 72
2.97% less ownership
Funds ownership: 95.45% → 92.48% (-3%)
22% less capital invested
Capital invested by funds: $581M → $452M (-$129M)
56% less call options, than puts
Call options by funds: $239K | Put options by funds: $538K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$15M |
| 2 |
TCM
Topline Capital Management
Santa Monica,
California
|
+$4.49M |
| 3 |
Jane Street
New York
|
+$4.43M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$4.34M |
| 5 |
Bank of New York Mellon
New York
|
+$3.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Simcoe Capital Management
New York
|
-$19M |
| 2 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
-$10.2M |
| 3 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
-$8.52M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$8.2M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$5.71M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2.27K | -143 | Closed |
|
227
Bessemer Group
Woodbridge,
New Jersey
| – | -$1K | -64 | Closed |
|
|
PA
228
Parallel Advisors
San Francisco,
California
| – | -$318 | -20 | Closed |
|
OSPN Hedge Fund Activity: Q4 2025 in Review
196 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in OneSpan (OSPN) for Q4 2025, worth a combined $452M — down 22% from $581M a quarter earlier.
Fund positioning in OSPN was balanced in Q4 2025: 32 funds opened new positions, 32 closed out, 66 added to existing stakes and 72 trimmed.
The largest buyer was Millennium Management, adding an estimated $15M. The largest seller was Simcoe Capital Management, exiting entirely with an estimated $19M sold.
- 196 institutional investors held OneSpan (OSPN) as of Q4 2025, down from 197 in Q3 2025.
- Funds reported $452M of OneSpan stock for Q4 2025, down 22% quarter-over-quarter.
- 32 funds opened new OneSpan positions in Q4 2025 and 32 closed out, a net change of 0 holders.
- The largest OneSpan buyer in Q4 2025 was Millennium Management, an estimated $15M added.
- The largest OneSpan seller in Q4 2025 was Simcoe Capital Management, an estimated $19M sold.
Based on aggregated 13F filings for Q4 2025.