Upstart Holdings
UPST
421 hedge funds and large institutions have $3.98B invested in Upstart Holdings in 2025 Q2 according to their latest regulatory filings, with 85 funds opening new positions, 143 increasing their positions, 122 reducing their positions, and 49 closing their positions.
73% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 49
43% more capital invested
Capital invested by funds: $2.77B → $3.98B (+$1.21B)
20% more call options, than puts
Call options by funds: $764M | Put options by funds: $634M
17% more repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 122
9% more funds holding
Funds holding: 387 → 421 (+34)
0.36% more ownership
Funds ownership: 64.29% → 64.66% (+0.36%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCAM
Jericho Capital Asset Management
New York
|
+$179M |
| 2 |
CAM
Contour Asset Management
New York
|
+$68M |
| 3 |
MGCM
Mane Global Capital Management
New York
|
+$33M |
| 4 |
Squarepoint
New York
|
+$28.7M |
| 5 |
RCMU
Rokos Capital Management (UK)
London,
United Kingdom
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$74.7M |
| 2 |
Renaissance Technologies
New York
|
-$66.4M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$39.6M |
| 4 |
Two Sigma Advisers
New York
|
-$38M |
| 5 |
D.E. Shaw & Co
New York
|
-$28M |
UPST Hedge Fund Activity: Q2 2025 in Review
421 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Upstart Holdings (UPST) for Q2 2025, worth a combined $3.98B — up 43% from $2.77B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new UPST positions and 49 closed out — a net gain of 36 holders — while 143 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 387 in Q1 2025.
- Funds reported $3.98B of Upstart Holdings stock for Q2 2025, up 43% quarter-over-quarter.
- 85 funds opened new Upstart Holdings positions in Q2 2025 and 49 closed out, a net change of +36 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.