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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
196
Holders Change
-1
Holders Change %
-0.51%
% of All Funds
2.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
32
Increased
66
Reduced
72
Closed
32
Calls
$239K
Puts
$538K
Net Calls
-$299K
Net Calls Change
-$956K

Top Buyers

1
Millennium Management
Millennium Management
New York
+$15M
2
TCM
Topline Capital Management
California
+$4.49M
3
Jane Street
Jane Street
New York
+$4.43M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$4.34M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$3.27M

Top Sellers

1
SCM
Simcoe Capital Management
New York
-$19M
2
OAM
Oberweis Asset Management
Illinois
-$10.2M
3
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
-$8.52M
4
First Trust Advisors
First Trust Advisors
Illinois
-$8.2M
5
HIM
Hillsdale Investment Management
Ontario, Canada
-$5.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$47.9M +$825K +60,807 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$42.2M -$101K -7,449 -0.2%
Legal & General Group
3
Legal & General Group
United Kingdom
$29.5M +$103K +7,610 +0.3%
Ameriprise
4
Ameriprise
Minnesota
$26.9M -$23K -1,695 -0.1%
Neuberger Berman Group
5
Neuberger Berman Group
New York
$20.2M -$121K -8,899 -0.6%
First Trust Advisors
6
First Trust Advisors
Illinois
$19.7M -$8.2M -604,881 -28%
State Street
7
State Street
Massachusetts
$17.2M +$365K +26,910 +2%
Millennium Management
8
Millennium Management
New York
$15.6M +$15M +1,103,360 +1,019%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$14.3M +$876K +64,568 +6%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$11.7M +$159K +11,694 +1%
Acadian Asset Management
11
Acadian Asset Management
Massachusetts
$11.6M -$1.15M -84,630 -9%
Mirae Asset Global ETFs Holdings
12
Mirae Asset Global ETFs Holdings
Hong Kong
$9.85M -$8.52M -628,220 -45%
LSV Asset Management
13
LSV Asset Management
Illinois
$9.04M -$389K -28,700 -4%
TCM
14
Topline Capital Management
California
$8.74M +$4.49M +331,230 +95%
Arrowstreet Capital
15
Arrowstreet Capital
Massachusetts
$8.36M +$3.05M +225,053 +53%
Jacobs Levy Equity Management
16
Jacobs Levy Equity Management
New Jersey
$8.34M +$4.34M +320,000 +97%
Morgan Stanley
17
Morgan Stanley
New York
$7.72M +$1.03M +75,887 +14%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$6.45M +$3.27M +241,364 +93%
LLL
19
Lynrock Lake LP
New York
$5.55M +$757K +55,774 +15%
Jane Street
20
Jane Street
New York
$5.18M +$4.43M +326,410 +423%
Russell Investments Group
21
Russell Investments Group
United Kingdom
$4.95M +$2.27M +167,483 +77%
DRZID
22
DePrince Race & Zollo Inc (DRZ)
Florida
$4.93M +$2.62M +193,304 +101%
Northern Trust
23
Northern Trust
Illinois
$4.89M -$482K -35,542 -9%
Canada Life
24
Canada Life
Manitoba, Canada
$4.84M +$270K +19,922 +6%
JAM
25
Jupiter Asset Management
United Kingdom
$4.7M – – –
1
2 3 4 5

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.