TOP Ships
TOPS
12 hedge funds and large institutions have $365K invested in TOP Ships in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
20% more funds holding
Funds holding: 10 → 12 (+2)
0.06% less ownership
Funds ownership: 1.4% → 1.34% (-0.06%)
51% less capital invested
Capital invested by funds: $749K → $365K (-$384K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$91.1K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$67.2K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.19K |
| 4 |
Citigroup
New York
|
+$58 |
| 5 |
AssetMark Inc
Concord,
California
|
+$29 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Gotham Asset Management
New York
|
-$559K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$13K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Morgan Stanley
New York
| $98.4K | +$91.1K | +15,754 | +1,665% |
|
2
Dimensional Fund Advisors
Austin,
Texas
| $98.2K | – | – | – |
|
3
Cetera Investment Advisers
Schaumburg,
Illinois
| $89.4K | – | – | – |
|
|
4
Citadel Advisors
Miami,
Florida
| $68.4K | +$67.2K | +11,613 | New |
|
|
TRCT
5
Tower Research Capital (TRC)
New York
| $6.23K | +$3.19K | +551 | +109% |
|
|
FDCDDQ
6
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $4.15K | – | – | – |
|
|
7
UBS Group
Zurich,
Switzerland
| $71 | -$13K | -2,254 | -99% |
|
|
8
Citigroup
New York
| $59 | +$58 | +10 | New |
|
|
9
AssetMark Inc
Concord,
California
| $29 | +$29 | +5 | New |
|
10
Osaic Holdings
Scottsdale,
Arizona
| $24 | – | – | – |
|
11
JP Morgan Chase
New York
| $12 | – | – | – |
|
|
GAM
12
Gotham Asset Management
New York
| – | -$559K | -28,266 | Closed |
|
TOPS Hedge Fund Activity: Q3 2025 in Review
12 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in TOP Ships (TOPS) for Q3 2025, worth a combined $365K — down 51% from $749K a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new TOPS positions and 1 closed out — a net gain of 2 holders — while 2 added to existing stakes and 1 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $91.1K. The largest seller was Gotham Asset Management, exiting entirely with an estimated $559K sold.
- 12 institutional investors held TOP Ships (TOPS) as of Q3 2025, up from 10 in Q2 2025.
- Funds reported $365K of TOP Ships stock for Q3 2025, down 51% quarter-over-quarter.
- 3 funds opened new TOP Ships positions in Q3 2025 and 1 closed out, a net change of +2 holders.
- The largest TOP Ships buyer in Q3 2025 was Morgan Stanley, an estimated $91.1K added.
- The largest TOP Ships seller in Q3 2025 was Gotham Asset Management, an estimated $559K sold.
Based on aggregated 13F filings for Q3 2025.