Upstart Holdings
UPST
386 hedge funds and large institutions have $2.77B invested in Upstart Holdings in 2025 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 157 increasing their positions, 100 reducing their positions, and 56 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 100
3% more call options, than puts
Call options by funds: $574M | Put options by funds: $559M
2% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 56
0.36% more ownership
Funds ownership: 63.89% → 64.25% (+0.36%)
1% less funds holding
Funds holding: 391 → 386 (-5)
23% less capital invested
Capital invested by funds: $3.59B → $2.77B (-$819M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Fund Management (CFM)
Paris,
France
|
+$47.6M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$35.9M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$35.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$34.9M |
| 5 |
Coatue Management
New York
|
+$32.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$128M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$65.4M |
| 3 |
Morgan Stanley
New York
|
-$65M |
| 4 |
Goldman Sachs
New York
|
-$36.3M |
| 5 |
Two Sigma Investments
New York
|
-$26.3M |
UPST Hedge Fund Activity: Q1 2025 in Review
386 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Upstart Holdings (UPST) for Q1 2025, worth a combined $2.77B — down 23% from $3.59B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new UPST positions and 56 closed out — a net gain of 1 holder — while 157 added to existing stakes and 100 trimmed.
The largest buyer was Capital Fund Management (CFM), adding an estimated $47.6M. The largest seller was D.E. Shaw & Co, cutting an estimated $128M.
- 386 institutional investors held Upstart Holdings (UPST) as of Q1 2025, down from 391 in Q4 2024.
- Funds reported $2.77B of Upstart Holdings stock for Q1 2025, down 23% quarter-over-quarter.
- 57 funds opened new Upstart Holdings positions in Q1 2025 and 56 closed out, a net change of +1 holder.
- The largest Upstart Holdings buyer in Q1 2025 was Capital Fund Management (CFM), an estimated $47.6M added.
- The largest Upstart Holdings seller in Q1 2025 was D.E. Shaw & Co, an estimated $128M sold.
Based on aggregated 13F filings for Q1 2025.