Plug Power
PLUG
427 hedge funds and large institutions have $639M invested in Plug Power in 2025 Q2 according to their latest regulatory filings, with 67 funds opening new positions, 141 increasing their positions, 88 reducing their positions, and 66 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 141 | Existing positions reduced: 88
47% more call options, than puts
Call options by funds: $44.4M | Put options by funds: $30.2M
2% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 66
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 430 → 427 (-3)
2% less capital invested
Capital invested by funds: $654M → $639M (-$15.4M)
12.45% less ownership
Funds ownership: 49.89% → 37.44% (-12%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$12.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$10.4M |
| 3 |
D.E. Shaw & Co
New York
|
+$9.03M |
| 4 |
Legal & General Group
London,
United Kingdom
|
+$6.35M |
| 5 |
CIAM
Caitong International Asset Management
Hong Kong
|
+$3.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$71.6M |
| 2 |
HCM
Heights Capital Management
San Francisco,
California
|
-$31.2M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$20.9M |
| 4 |
Morgan Stanley
New York
|
-$5.21M |
| 5 |
State Street
Boston,
Massachusetts
|
-$1.78M |
PLUG Hedge Fund Activity: Q2 2025 in Review
427 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Plug Power (PLUG) for Q2 2025, worth a combined $639M — down 2.4% from $654M a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new PLUG positions and 66 closed out — a net gain of 1 holder — while 141 added to existing stakes and 88 trimmed.
The largest buyer was HRT Financial, adding an estimated $12.8M. The largest seller was Norges Bank, cutting an estimated $71.6M.
- 427 institutional investors held Plug Power (PLUG) as of Q2 2025, down from 430 in Q1 2025.
- Funds reported $639M of Plug Power stock for Q2 2025, down 2.4% quarter-over-quarter.
- 67 funds opened new Plug Power positions in Q2 2025 and 66 closed out, a net change of +1 holder.
- The largest Plug Power buyer in Q2 2025 was HRT Financial, an estimated $12.8M added.
- The largest Plug Power seller in Q2 2025 was Norges Bank, an estimated $71.6M sold.
Based on aggregated 13F filings for Q2 2025.