Upstart Holdings
UPST
393 hedge funds and large institutions have $2.83B invested in Upstart Holdings in 2025 Q4 according to their latest regulatory filings, with 77 funds opening new positions, 118 increasing their positions, 137 reducing their positions, and 88 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
21% more call options, than puts
Call options by funds: $518M | Put options by funds: $428M
0.43% less ownership
Funds ownership: 66.89% → 66.46% (-0.43%)
5% less funds holding
Funds holding: 412 → 393 (-19)
13% less first-time investments, than exits
New positions opened: 77 | Existing positions closed: 88
14% less capital invested
Capital invested by funds: $3.27B → $2.83B (-$445M)
14% less repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 137
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$118M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$106M |
| 3 |
CS
Clear Street
New York
|
+$68.6M |
| 4 |
ACL
Azora Capital LP
Miami,
Florida
|
+$40.6M |
| 5 |
SG Americas Securities
New York
|
+$40.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPC
Slate Path Capital
New York
|
-$139M |
| 2 |
Squarepoint
New York
|
-$62.5M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$53.1M |
| 4 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$50.8M |
| 5 |
Coatue Management
New York
|
-$44.2M |
UPST Hedge Fund Activity: Q4 2025 in Review
393 institutional investors reported a position in Upstart Holdings (UPST) for Q4 2025, worth a combined $2.83B — down 14% from $3.27B a quarter earlier.
Sellers outnumbered buyers: 88 funds closed out of UPST and 77 opened new positions — a net loss of 11 holders — while 137 trimmed existing stakes and 118 added.
The largest buyer was Morgan Stanley, adding an estimated $118M. The largest seller was Slate Path Capital, exiting entirely with an estimated $139M sold.
- 393 institutional investors held Upstart Holdings (UPST) as of Q4 2025, down from 412 in Q3 2025.
- Funds reported $2.83B of Upstart Holdings stock for Q4 2025, down 14% quarter-over-quarter.
- 77 funds opened new Upstart Holdings positions in Q4 2025 and 88 closed out, a net change of -11 holders.
- The largest Upstart Holdings buyer in Q4 2025 was Morgan Stanley, an estimated $118M added.
- The largest Upstart Holdings seller in Q4 2025 was Slate Path Capital, an estimated $139M sold.
Based on aggregated 13F filings for Q4 2025.