Trupanion
TRUP
221 hedge funds and large institutions have $1.63B invested in Trupanion in 2025 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 69 increasing their positions, 80 reducing their positions, and 39 closing their positions.
92% more call options, than puts
Call options by funds: $27.6M | Put options by funds: $14.4M
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
3.84% less ownership
Funds ownership: 91.55% → 87.72% (-3.8%)
4% less funds holding
Funds holding: 231 → 221 (-10)
14% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 80
21% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 39
25% less capital invested
Capital invested by funds: $2.17B → $1.63B (-$536M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$40.2M |
| 2 |
Millennium Management
New York
|
+$19.1M |
| 3 |
Two Sigma Investments
New York
|
+$10.3M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$7.75M |
| 5 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$7.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$66.1M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$33.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$15.1M |
| 4 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
-$13.2M |
| 5 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
-$13M |
TRUP Hedge Fund Activity: Q3 2025 in Review
221 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Trupanion (TRUP) for Q3 2025, worth a combined $1.63B — down 25% from $2.17B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of TRUP and 31 opened new positions — a net loss of 8 holders — while 80 trimmed existing stakes and 69 added.
The largest buyer was Balyasny Asset Management, adding an estimated $40.2M. The largest seller was Wellington Management Group, cutting an estimated $66.1M.
- 221 institutional investors held Trupanion (TRUP) as of Q3 2025, down from 231 in Q2 2025.
- Funds reported $1.63B of Trupanion stock for Q3 2025, down 25% quarter-over-quarter.
- 31 funds opened new Trupanion positions in Q3 2025 and 39 closed out, a net change of -8 holders.
- The largest Trupanion buyer in Q3 2025 was Balyasny Asset Management, an estimated $40.2M added.
- The largest Trupanion seller in Q3 2025 was Wellington Management Group, an estimated $66.1M sold.
Based on aggregated 13F filings for Q3 2025.