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Paysign

116 hedge funds and large institutions have $131M invested in Paysign in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 47 increasing their positions, 35 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

578% more call options, than puts

Call options by funds: $1.22M | Put options by funds: $180K

34% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 35

18% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 11

1.12% more ownership

Funds ownership: 45.21%46.33% (+1.1%)

3% less funds holding

Funds holding: 119116 (-3)

15% less capital invested

Capital invested by funds: $155M → $131M (-$23.5M)

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

Holders
116
Holders Change
-3
Holders Change %
-2.52%
% of All Funds
1.41%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
13
Increased
47
Reduced
35
Closed
11
Calls
$1.22M
Puts
$180K
Net Calls
+$1.04M
Net Calls Change
-$1.71M
Name Holding Trade Value Shares
Change
Change in
Stake
TCM
1
Topline Capital Management
California
$28.3M +$319K +59,100 +1%
BlackRock
2
BlackRock
New York
$12.3M +$167K +31,040 +1%
Vanguard Group
3
Vanguard Group
Pennsylvania
$9.61M +$248K +45,945 +3%
PAIM
4
Punch & Associates Investment Management
Minnesota
$7.53M +$4.91M +909,825 +165%
TSW
5
Thompson Siegel & Walmsley
Virginia
$7.51M +$1.01M +187,767 +15%
Renaissance Technologies
6
Renaissance Technologies
New York
$6.71M +$957K +177,350 +16%
PIP
7
Palisades Investment Partners
California
$4.76M +$144K +26,739 +3%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$4.11M +$5.31K +984 +0.1%
RA
9
Royce & Associates
New York
$4.01M +$839K +155,606 +25%
State Street
10
State Street
Massachusetts
$3.24M +$7.2K +1,334 +0.2%
KAS
11
Kestra Advisory Services
Texas
$3.16M -$10.8K -2,000 -0.3%
JF
12
Joule Financial
Kentucky
$3.16M
1M
13
1248 Management
Missouri
$2.56M -$2.28M -422,565 -46%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$2.54M +$333K +61,726 +14%
New York State Common Retirement Fund
15
New York State Common Retirement Fund
New York
$1.99M
Two Sigma Investments
16
Two Sigma Investments
New York
$1.95M -$686K -127,142 -25%
Goldman Sachs
17
Goldman Sachs
New York
$1.78M +$1.01M +187,224 +119%
AIC
18
AWM Investment Company
New York
$1.73M +$158K +29,344 +10%
Jacobs Levy Equity Management
19
Jacobs Levy Equity Management
New Jersey
$1.61M +$285K +52,771 +20%
Northern Trust
20
Northern Trust
Illinois
$1.32M -$11.7K -2,164 -0.8%
Citadel Advisors
21
Citadel Advisors
Florida
$1.16M +$417K +77,378 +53%
Jane Street
22
Jane Street
New York
$1.07M -$206K -38,133 -16%
Morgan Stanley
23
Morgan Stanley
New York
$1.07M +$278K +51,463 +33%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$1.01M +$510K +94,606 +93%
Squarepoint
25
Squarepoint
New York
$1.01M +$125K +23,248 +13%

PAYS Hedge Fund Activity: Q4 2025 in Review

116 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Paysign (PAYS) for Q4 2025, worth a combined $131M — down 15% from $155M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new PAYS positions and 11 closed out — a net gain of 2 holders — while 47 added to existing stakes and 35 trimmed.

The largest buyer was Punch & Associates Investment Management, adding an estimated $4.91M. The largest seller was 1248 Management, cutting an estimated $2.28M.

  • 116 institutional investors held Paysign (PAYS) as of Q4 2025, down from 119 in Q3 2025.
  • Funds reported $131M of Paysign stock for Q4 2025, down 15% quarter-over-quarter.
  • 13 funds opened new Paysign positions in Q4 2025 and 11 closed out, a net change of +2 holders.
  • The largest Paysign buyer in Q4 2025 was Punch & Associates Investment Management, an estimated $4.91M added.
  • The largest Paysign seller in Q4 2025 was 1248 Management, an estimated $2.28M sold.

Based on aggregated 13F filings for Q4 2025.