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114 hedge funds and large institutions have $908M invested in VEON in 2025 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 30 increasing their positions, 34 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

325% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 8

25% more funds holding

Funds holding: 91114 (+23)

25% more funds holding in top 10

Funds holding in top 10: 45 (+1)

2.24% more ownership

Funds ownership: 22.84%25.09% (+2.2%)

1% less capital invested

Capital invested by funds: $920M → $908M (-$11.8M)

10% less call options, than puts

Call options by funds: $2.15M | Put options by funds: $2.39M

12% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 34

Holders
114
Holders Change
+23
Holders Change %
+25.27%
% of All Funds
1.39%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.06%
New
34
Increased
30
Reduced
34
Closed
8
Calls
$2.15M
Puts
$2.39M
Net Calls
-$242K
Net Calls Change
-$258K
Name Holding Trade Value Shares
Change
Change in
Stake
LIM
1
Lingotto Investment Management
United Kingdom
$319M +$849K +16,758 +0.3%
SCM
2
Shah Capital Management
North Carolina
$257M +$3.59M +70,831 +1%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$51.4M +$19.8M +390,294 +66%
SAAM
4
Solus Alternative Asset Management
New Jersey
$46.6M +$1.57M +30,900 +4%
Morgan Stanley
5
Morgan Stanley
New York
$34.5M -$1.36M -26,761 -4%
PC
6
Panview Capital
Hong Kong
$27.1M +$5.16M +101,906 +25%
BNP Paribas Asset Management
7
BNP Paribas Asset Management
France
$26.4M
HI
8
Helikon Investments
United Kingdom
$18.1M -$8.53M -168,416 -33%
Pictet Asset Management
9
Pictet Asset Management
Switzerland
$11.9M +$5M +98,618 +78%
Two Sigma Investments
10
Two Sigma Investments
New York
$11.3M -$3.12M -61,581 -22%
Mackenzie Financial
11
Mackenzie Financial
Ontario, Canada
$7.23M -$7.03M -138,781 -50%
Millennium Management
12
Millennium Management
New York
$7.19M +$163K +3,223 +2%
GF
13
Gabelli Funds
New York
$6.72M -$76K -1,500 -1%
Russell Investments Group
14
Russell Investments Group
United Kingdom
$5.87M -$120K -2,362 -2%
VAS
15
VR Advisory Services
Cayman Islands
$5.27M
Walleye Capital
16
Walleye Capital
New York
$4.84M +$1.2M +23,776 +35%
JP Morgan Chase
17
JP Morgan Chase
New York
$4.32M -$1.05M -20,681 -20%
Citadel Advisors
18
Citadel Advisors
Florida
$4.09M +$824K +16,268 +26%
Two Sigma Advisers
19
Two Sigma Advisers
New York
$3.99M -$191K -3,776 -5%
UBS AM
20
UBS AM
Illinois
$3.58M +$3.45M +68,008 New
Bank of America
21
Bank of America
North Carolina
$3.57M +$693K +13,686 +25%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
22
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$2.89M -$2.08M -40,990 -43%
Goldman Sachs
23
Goldman Sachs
New York
$2.81M -$1.1M -21,797 -29%
Deutsche Bank
24
Deutsche Bank
Germany
$2.21M
JGC
25
J. Goldman & Co
New York
$2.1M +$2.03M +40,000 New

VEON Hedge Fund Activity: Q4 2025 in Review

114 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in VEON (VEON) for Q4 2025, worth a combined $908M — down 1.3% from $920M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new VEON positions and 8 closed out — a net gain of 26 holders — while 30 added to existing stakes and 34 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $19.8M. The largest seller was Helikon Investments, cutting an estimated $8.53M.

  • 114 institutional investors held VEON (VEON) as of Q4 2025, up from 91 in Q3 2025.
  • Funds reported $908M of VEON stock for Q4 2025, down 1.3% quarter-over-quarter.
  • 34 funds opened new VEON positions in Q4 2025 and 8 closed out, a net change of +26 holders.
  • The largest VEON buyer in Q4 2025 was Wellington Management Group, an estimated $19.8M added.
  • The largest VEON seller in Q4 2025 was Helikon Investments, an estimated $8.53M sold.

Based on aggregated 13F filings for Q4 2025.