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PDF Solutions
PDFS

172 hedge funds and large institutions have $624M invested in PDF Solutions in 2025 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 77 increasing their positions, 43 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 43

22% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 23

18% more capital invested

Capital invested by funds: $529M → $624M (+$94.8M)

3.77% more ownership

Funds ownership: 70.75% → 74.53% (+3.8%)

2% more funds holding

Funds holding: 168 → 172 (+4)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
172
Holders Change
+4
Holders Change %
+2.38%
% of All Funds
2.26%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
28
Increased
77
Reduced
43
Closed
23
Calls
$9K
Puts
–
Net Calls
+$9K
Net Calls Change
-$67K

Top Buyers

Rank Fund Capital Flow
1
N
Nuveen
North Carolina
+$3.23M
2
RIM
Ranger Investment Management
Texas
+$3.19M
3
MCO
MAK Capital One
New York
+$3.03M
4
KLP
Kent Lake PR
Puerto Rico
+$2.69M
5
Morgan Stanley
Morgan Stanley
New York
+$2.19M

Top Sellers

Rank Fund Capital Flow
1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$6.17M
2
BlackRock
BlackRock
New York
-$1.85M
3
Jane Street
Jane Street
New York
-$1.16M
4
RA
Royce & Associates
New York
-$927K
5
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$906K
Name Holding Trade Value Shares
Change 		Change in
Stake
M&T Bank
101
M&T Bank
New York
$335K +$41.3K +2,180 +16%
SOW
102
State of Wyoming
Wyoming
$330K +$12.6K +668 +5%
CCIA
103
Campbell & Co Investment Adviser
Maryland
$328K +$290K +15,327 New
NRD
104
Nebula Research & Development
New York
$327K -$16.1K -848 -5%
LSERS
105
Louisiana State Employees Retirement System
Louisiana
$312K – – –
JF
106
Jump Financial
Illinois
$306K +$271K +14,292 New
State of Wisconsin Investment Board
107
State of Wisconsin Investment Board
Wisconsin
$293K -$906K -47,846 -78%
Wealth Enhancement Advisory Services
108
Wealth Enhancement Advisory Services
Minnesota
$279K +$35.1K +1,855 +18%
P
109
Pitcairn
Pennsylvania
$277K -$63.2K -3,341 -20%
Natixis Advisors
110
Natixis Advisors
Massachusetts
$253K +$224K +11,813 New
ECM
111
ExodusPoint Capital Management
New York
$250K +$222K +11,716 New
YCM
112
Yousif Capital Management
Michigan
$248K – – –
QCM
113
Quantinno Capital Management
New York
$232K +$205K +10,846 New
BHCM
114
Brevan Howard Capital Management
Jersey
$226K +$200K +10,561 New
Comerica Bank
115
Comerica Bank
Texas
$225K -$795 -42 -0.4%
CC
116
Centiva Capital
New York
$223K +$198K +10,453 New
TRSOTSOK
117
Teachers Retirement System of the State of Kentucky
Kentucky
$204K – – –
GC
118
Globeflex Capital
California
$195K – – –
AB
119
Amalgamated Bank
New York
$190K – – –
BNP Paribas Financial Markets
120
BNP Paribas Financial Markets
France
$180K -$223K -11,775 -58%
QT
121
Quantbot Technologies
New York
$177K -$95.8K -5,063 -38%
New York State Teachers Retirement System (NYSTRS)
122
New York State Teachers Retirement System (NYSTRS)
New York
$162K – – –
Zurich Cantonal Bank
123
Zurich Cantonal Bank
Switzerland
$159K +$45.8K +2,418 +48%
PFSRSONJ
124
Police & Firemen's Retirement System of New Jersey
New Jersey
$158K – – –
OPERF
125
Oregon Public Employees Retirement Fund
Oregon
$154K +$1.89K +100 +1%
3 4
5
6 7

PDFS Hedge Fund Activity: Q2 2025 in Review

172 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in PDF Solutions (PDFS) for Q2 2025, worth a combined $624M — up 18% from $529M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new PDFS positions and 23 closed out — a net gain of 5 holders — while 77 added to existing stakes and 43 trimmed.

The largest buyer was Nuveen, adding an estimated $3.23M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $6.17M.

  • 172 institutional investors held PDF Solutions (PDFS) as of Q2 2025, up from 168 in Q1 2025.
  • Funds reported $624M of PDF Solutions stock for Q2 2025, up 18% quarter-over-quarter.
  • 28 funds opened new PDF Solutions positions in Q2 2025 and 23 closed out, a net change of +5 holders.
  • The largest PDF Solutions buyer in Q2 2025 was Nuveen, an estimated $3.23M added.
  • The largest PDF Solutions seller in Q2 2025 was Thrivent Financial for Lutherans, an estimated $6.17M sold.

Based on aggregated 13F filings for Q2 2025.