Vistra
1,115 hedge funds and large institutions have $32B invested in Vistra in 2025 Q1 according to their latest regulatory filings, with 197 funds opening new positions, 451 increasing their positions, 370 reducing their positions, and 169 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 451 | Existing positions reduced: 370
17% more first-time investments, than exits
New positions opened: 197 | Existing positions closed: 169
1% more funds holding
Funds holding: 1,104 → 1,115 (+11)
4.09% less ownership
Funds ownership: 84.31% → 80.21% (-4.1%)
14% less call options, than puts
Call options by funds: $1.81B | Put options by funds: $2.12B
16% less funds holding in top 10
Funds holding in top 10: 51 → 43 (-8)
19% less capital invested
Capital invested by funds: $39.6B → $32B (-$7.55B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VARA
Value Aligned Research Advisors
Princeton,
New Jersey
|
+$203M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$184M |
| 3 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$141M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$140M |
| 5 |
JP Morgan Chase
New York
|
+$123M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$412M |
| 2 |
Coatue Management
New York
|
-$409M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$323M |
| 4 |
CHP
Castle Hook Partners
New York
|
-$302M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$209M |
VST Hedge Fund Activity: Q1 2025 in Review
1,115 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Vistra (VST) for Q1 2025, worth a combined $32B — down 19% from $39.6B a quarter earlier.
Buyers outnumbered sellers: 197 funds opened new VST positions and 169 closed out — a net gain of 28 holders — while 451 added to existing stakes and 370 trimmed.
The largest buyer was Value Aligned Research Advisors, adding an estimated $203M. The largest seller was Fidelity Investments, cutting an estimated $412M.
- 1,115 institutional investors held Vistra (VST) as of Q1 2025, up from 1,104 in Q4 2024.
- Funds reported $32B of Vistra stock for Q1 2025, down 19% quarter-over-quarter.
- 197 funds opened new Vistra positions in Q1 2025 and 169 closed out, a net change of +28 holders.
- The largest Vistra buyer in Q1 2025 was Value Aligned Research Advisors, an estimated $203M added.
- The largest Vistra seller in Q1 2025 was Fidelity Investments, an estimated $412M sold.
Based on aggregated 13F filings for Q1 2025.