Upstart Holdings
UPST
412 hedge funds and large institutions have $3.27B invested in Upstart Holdings in 2025 Q3 according to their latest regulatory filings, with 78 funds opening new positions, 127 increasing their positions, 121 reducing their positions, and 80 closing their positions.
2.24% more ownership
Funds ownership: 64.66% → 66.89% (+2.2%)
5% more repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 121
1% less call options, than puts
Call options by funds: $942M | Put options by funds: $954M
3% less first-time investments, than exits
New positions opened: 78 | Existing positions closed: 80
2% less funds holding
Funds holding: 421 → 412 (-9)
18% less capital invested
Capital invested by funds: $3.98B → $3.27B (-$707M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPC
Slate Path Capital
New York
|
+$192M |
| 2 |
MG
Marex Group
London,
|
+$78.9M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$64.8M |
| 4 |
JCAM
Jericho Capital Asset Management
New York
|
+$58.2M |
| 5 |
Jane Street
New York
|
+$57.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Contour Asset Management
New York
|
-$89.7M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$82.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$71.1M |
| 4 |
Two Sigma Investments
New York
|
-$70.9M |
| 5 |
MGCM
Mane Global Capital Management
New York
|
-$43.6M |
UPST Hedge Fund Activity: Q3 2025 in Review
412 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Upstart Holdings (UPST) for Q3 2025, worth a combined $3.27B — down 18% from $3.98B a quarter earlier.
Sellers outnumbered buyers: 80 funds closed out of UPST and 78 opened new positions — a net loss of 2 holders — while 121 trimmed existing stakes and 127 added.
The largest buyer was Slate Path Capital, opening a new position worth an estimated $192M. The largest seller was Contour Asset Management, exiting entirely with an estimated $89.7M sold.
- 412 institutional investors held Upstart Holdings (UPST) as of Q3 2025, down from 421 in Q2 2025.
- Funds reported $3.27B of Upstart Holdings stock for Q3 2025, down 18% quarter-over-quarter.
- 78 funds opened new Upstart Holdings positions in Q3 2025 and 80 closed out, a net change of -2 holders.
- The largest Upstart Holdings buyer in Q3 2025 was Slate Path Capital, an estimated $192M added.
- The largest Upstart Holdings seller in Q3 2025 was Contour Asset Management, an estimated $89.7M sold.
Based on aggregated 13F filings for Q3 2025.