Sezzle
SEZL
219 hedge funds and large institutions have $835M invested in Sezzle in 2025 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 87 increasing their positions, 57 reducing their positions, and 44 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 57
25% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 44
8.57% more ownership
Funds ownership: 29.96% → 38.53% (+8.6%)
4% more funds holding
Funds holding: 210 → 219 (+9)
3% more capital invested
Capital invested by funds: $811M → $835M (+$23.8M)
11% less call options, than puts
Call options by funds: $47.8M | Put options by funds: $53.8M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$85.9M |
| 2 |
AI
Accredited Investors
Edina,
Minnesota
|
+$62.2M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$17.6M |
| 4 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$16.7M |
| 5 |
State Street
Boston,
Massachusetts
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
-$25.3M |
| 2 |
Man Group
London,
United Kingdom
|
-$20.2M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$14.6M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$12.1M |
| 5 |
Millennium Management
New York
|
-$11M |
SEZL Hedge Fund Activity: Q4 2025 in Review
219 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Sezzle (SEZL) for Q4 2025, worth a combined $835M — up 2.9% from $811M a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new SEZL positions and 44 closed out — a net gain of 11 holders — while 87 added to existing stakes and 57 trimmed.
The largest buyer was BlackRock, adding an estimated $85.9M. The largest seller was Divisadero Street Capital Management, cutting an estimated $25.3M.
- 219 institutional investors held Sezzle (SEZL) as of Q4 2025, up from 210 in Q3 2025.
- Funds reported $835M of Sezzle stock for Q4 2025, up 2.9% quarter-over-quarter.
- 55 funds opened new Sezzle positions in Q4 2025 and 44 closed out, a net change of +11 holders.
- The largest Sezzle buyer in Q4 2025 was BlackRock, an estimated $85.9M added.
- The largest Sezzle seller in Q4 2025 was Divisadero Street Capital Management, an estimated $25.3M sold.
Based on aggregated 13F filings for Q4 2025.