Packaging Corp of America
868 hedge funds and large institutions have $18B invested in Packaging Corp of America in 2025 Q4 according to their latest regulatory filings, with 115 funds opening new positions, 297 increasing their positions, 326 reducing their positions, and 86 closing their positions.
499% more call options, than puts
Call options by funds: $21.9M | Put options by funds: $3.65M
34% more first-time investments, than exits
New positions opened: 115 | Existing positions closed: 86
2.93% more ownership
Funds ownership: 93.97% → 96.9% (+2.9%)
1% more funds holding
Funds holding: 858 → 868 (+10)
2% less capital invested
Capital invested by funds: $18.4B → $18B (-$439M)
9% less repeat investments, than reductions
Existing positions increased: 297 | Existing positions reduced: 326
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$106M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$100M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$92.2M |
| 4 |
Millennium Management
New York
|
+$62.7M |
| 5 |
AF
Atlas FRM
Greenwich,
Connecticut
|
+$62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$104M |
| 2 |
CC
Cartenna Capital
Stamford,
Connecticut
|
-$75.2M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$74.2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$59.5M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$48.4M |
PKG Hedge Fund Activity: Q4 2025 in Review
868 of the 8,257 institutional investors tracked by Wall St. Rank reported a position in Packaging Corp of America (PKG) for Q4 2025, worth a combined $18B — down 2.4% from $18.4B a quarter earlier.
Buyers outnumbered sellers: 115 funds opened new PKG positions and 86 closed out — a net gain of 29 holders — while 297 added to existing stakes and 326 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $106M. The largest seller was Select Equity Group, cutting an estimated $104M.
- 868 institutional investors held Packaging Corp of America (PKG) as of Q4 2025, up from 858 in Q3 2025.
- Funds reported $18B of Packaging Corp of America stock for Q4 2025, down 2.4% quarter-over-quarter.
- 115 funds opened new Packaging Corp of America positions in Q4 2025 and 86 closed out, a net change of +29 holders.
- The largest Packaging Corp of America buyer in Q4 2025 was Victory Capital Management, an estimated $106M added.
- The largest Packaging Corp of America seller in Q4 2025 was Select Equity Group, an estimated $104M sold.
Based on aggregated 13F filings for Q4 2025.