Waterdrop
WDH
27 hedge funds and large institutions have $25M invested in Waterdrop in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 6 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
59% more capital invested
Capital invested by funds: $15.8M → $25M (+$9.24M)
23% more funds holding
Funds holding: 22 → 27 (+5)
0.55% more ownership
Funds ownership: 4.15% → 4.71% (+0.55%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AT
Avenir Tech
Hong Kong
|
+$1.5M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$612K |
| 3 |
Morgan Stanley
New York
|
+$429K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$422K |
| 5 |
Goldman Sachs
New York
|
+$245K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EFMH
E Fund Management (HK)
Central,
Hong Kong
|
-$372K |
| 2 |
BBA
Baader Bank Aktiengesellschaft
Unterschleissheim,
Germany
|
-$48.2K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$39.5K |
| 4 |
SG
StoneX Group
New York
|
-$18.2K |
| 5 |
HF
HRT Financial
New York
|
-$13K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KFA
26
Kelleher Financial Advisors
New York
| $227 | +$210 | +120 | New |
|
27
BlackRock
New York
| $106 | +$98 | +56 | New |
|
|
EFMH
28
E Fund Management (HK)
Central,
Hong Kong
| – | -$372K | -275,323 | Closed |
|
|
29
UBS Group
Zurich,
Switzerland
| – | -$39.5K | -29,233 | Closed |
|
|
SG
30
StoneX Group
New York
| – | -$18.2K | -13,506 | Closed |
|
|
HF
31
HRT Financial
New York
| – | -$13K | -10,048 | Closed |
|
32
BNP Paribas Financial Markets
Paris,
France
| – | -$405 | -300 | Closed |
|
33
Raymond James Financial
St Petersburg,
Florida
| – | -$34 | -25 | Closed |
|
WDH Hedge Fund Activity: Q3 2025 in Review
27 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in Waterdrop (WDH) for Q3 2025, worth a combined $25M — up 59% from $15.8M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new WDH positions and 6 closed out — a net gain of 7 holders — while 8 added to existing stakes and 3 trimmed.
The largest buyer was Avenir Tech, opening a new position worth an estimated $1.5M. The largest seller was E Fund Management (HK), exiting entirely with an estimated $372K sold.
- 27 institutional investors held Waterdrop (WDH) as of Q3 2025, up from 22 in Q2 2025.
- Funds reported $25M of Waterdrop stock for Q3 2025, up 59% quarter-over-quarter.
- 13 funds opened new Waterdrop positions in Q3 2025 and 6 closed out, a net change of +7 holders.
- The largest Waterdrop buyer in Q3 2025 was Avenir Tech, an estimated $1.5M added.
- The largest Waterdrop seller in Q3 2025 was E Fund Management (HK), an estimated $372K sold.
Based on aggregated 13F filings for Q3 2025.