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Upstart Holdings

421 hedge funds and large institutions have $3.99B invested in Upstart Holdings in 2025 Q2 according to their latest regulatory filings, with 86 funds opening new positions, 142 increasing their positions, 122 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more first-time investments, than exits

New positions opened: 86 | Existing positions closed: 49

44% more capital invested

Capital invested by funds: $2.77B → $3.99B (+$1.22B)

20% more call options, than puts

Call options by funds: $764M | Put options by funds: $634M

16% more repeat investments, than reductions

Existing positions increased: 142 | Existing positions reduced: 122

9% more funds holding

Funds holding: 386421 (+35)

0.41% more ownership

Funds ownership: 64.25%64.66% (+0.41%)

Holders
421
Holders Change
+35
Holders Change %
+9.07%
% of All Funds
5.54%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.04%
New
86
Increased
142
Reduced
122
Closed
49
Calls
$764M
Puts
$634M
Net Calls
+$130M
Net Calls Change
+$115M
Name Holding Trade Value Shares
Change
Change in
Stake
Ensign Peak Advisors
126
Ensign Peak Advisors
Utah
$1.87M -$421K -8,586 -23%
Osaic Holdings
127
Osaic Holdings
Arizona
$1.83M +$8.24K +168 +0.6%
AS
128
Altshuler Shaham
Israel
$1.83M +$123K +2,500 +24%
New York State Common Retirement Fund
129
New York State Common Retirement Fund
New York
$1.75M +$78.5K +1,600 +6%
Axa
130
Axa
France
$1.72M +$1.31M +26,637 New
GAM
131
Gemmer Asset Management
California
$1.68M +$385K +7,857 +43%
Natixis Advisors
132
Natixis Advisors
Massachusetts
$1.65M -$251K -5,124 -17%
ASRS
133
Arizona State Retirement System
Arizona
$1.61M +$70.4K +1,435 +6%
Group One Trading
134
Group One Trading
Illinois
$1.61M -$3.42M -69,731 -74%
Zurich Cantonal Bank
135
Zurich Cantonal Bank
Switzerland
$1.61M +$149K +3,033 +14%
Mercer Global Advisors
136
Mercer Global Advisors
Colorado
$1.56M -$78.8K -1,606 -6%
SS
137
SBI Securities
Japan
$1.51M -$223K -4,545 -16%
OAC
138
OMERS Administration Corp
Ontario, Canada
$1.5M +$1.14M +23,200 New
AWM
139
Apollon Wealth Management
South Carolina
$1.49M +$223K +4,548 +25%
VOYA Investment Management
140
VOYA Investment Management
Georgia
$1.48M +$87K +1,775 +8%
HT
141
Headlands Technologies
Illinois
$1.48M +$233K +4,744 +26%
VRS
142
Virginia Retirement Systems
Virginia
$1.46M +$279K +5,700 +34%
FRM
143
Fox Run Management
Connecticut
$1.44M -$1.35M -27,476 -55%
JCIA
144
Jackson Creek Investment Advisors
Colorado
$1.42M +$143K +2,912 +15%
Comerica Bank
145
Comerica Bank
Texas
$1.42M +$106K +2,163 +11%
AIP
146
Arrowpoint Investment Partners
Singapore
$1.39M -$183K -3,724 -15%
State Board of Administration of Florida Retirement System
147
State Board of Administration of Florida Retirement System
Florida
$1.38M
KAS
148
Kestra Advisory Services
Texas
$1.35M +$623K +12,714 +154%
LCGC
149
Legacy Capital Group California
California
$1.35M +$1.02M +20,803 New
KCP
150
Kera Capital Partners
California
$1.32M +$100K +2,039 +11%

UPST Hedge Fund Activity: Q2 2025 in Review

421 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Upstart Holdings (UPST) for Q2 2025, worth a combined $3.99B — up 44% from $2.77B a quarter earlier.

Buyers outnumbered sellers: 86 funds opened new UPST positions and 49 closed out — a net gain of 37 holders — while 142 added to existing stakes and 122 trimmed.

The largest buyer was Jericho Capital Asset Management, opening a new position worth an estimated $179M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $74.7M.

  • 421 institutional investors held Upstart Holdings (UPST) as of Q2 2025, up from 386 in Q1 2025.
  • Funds reported $3.99B of Upstart Holdings stock for Q2 2025, up 44% quarter-over-quarter.
  • 86 funds opened new Upstart Holdings positions in Q2 2025 and 49 closed out, a net change of +37 holders.
  • The largest Upstart Holdings buyer in Q2 2025 was Jericho Capital Asset Management, an estimated $179M added.
  • The largest Upstart Holdings seller in Q2 2025 was BNP Paribas Financial Markets, an estimated $74.7M sold.

Based on aggregated 13F filings for Q2 2025.