Waterdrop
WDH
35 hedge funds and large institutions have $48M invested in Waterdrop in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 3 closing their positions.
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
92% more capital invested
Capital invested by funds: $25M → $48M (+$23M)
30% more funds holding
Funds holding: 27 → 35 (+8)
4.27% more ownership
Funds ownership: 4.71% → 8.98% (+4.3%)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$557K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$160K |
| 3 |
EFG
Ethos Financial Group
King Of Prussia,
Pennsylvania
|
+$68.4K |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$29.8K |
| 5 |
HF
HRT Financial
New York
|
+$20.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$193K |
| 2 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$87K |
| 3 |
Jane Street
New York
|
-$77.4K |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$68.2K |
| 5 |
Goldman Sachs
New York
|
-$66.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $9.03K | +$8.47K | +4,750 | New |
|
|
NA
27
NewEdge Advisors
New Orleans,
Louisiana
| $7.45K | -$68.2K | -38,240 | -91% |
|
28
JP Morgan Chase
New York
| $6.76K | -$5.03K | -2,824 | -44% |
|
|
SS
29
SBI Securities
Tokyo,
Japan
| $5.7K | – | – | – |
|
|
JFA
30
JNBA Financial Advisors
Bloomington,
Minnesota
| $5.34K | +$5K | +2,808 | New |
|
31
Nisa Investment Advisors
St. Louis,
Missouri
| $1.54K | +$1.44K | +810 | New |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | +$602 | +338 | New |
|
|
FHC
33
First Horizon Corporation
Memphis,
Tennessee
| $475 | – | – | – |
|
|
KFA
34
Kelleher Financial Advisors
New York
| $228 | – | – | – |
|
35
BlackRock
New York
| $106 | – | – | – |
|
|
GCP
36
GSA Capital Partners
London,
United Kingdom
| – | -$87K | -46,065 | Closed |
|
37
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$21.9K | -11,586 | Closed |
|
|
TSS
38
Two Sigma Securities
New York
| – | -$18.9K | -10,000 | Closed |
|
WDH Hedge Fund Activity: Q4 2025 in Review
35 of the 8,238 institutional investors tracked by Wall St. Rank reported a position in Waterdrop (WDH) for Q4 2025, worth a combined $48M — up 92% from $25M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new WDH positions and 3 closed out — a net gain of 10 holders — while 6 added to existing stakes and 7 trimmed.
The largest buyer was Acadian Asset Management, adding an estimated $557K. The largest seller was Morgan Stanley, cutting an estimated $193K.
- 35 institutional investors held Waterdrop (WDH) as of Q4 2025, up from 27 in Q3 2025.
- Funds reported $48M of Waterdrop stock for Q4 2025, up 92% quarter-over-quarter.
- 13 funds opened new Waterdrop positions in Q4 2025 and 3 closed out, a net change of +10 holders.
- The largest Waterdrop buyer in Q4 2025 was Acadian Asset Management, an estimated $557K added.
- The largest Waterdrop seller in Q4 2025 was Morgan Stanley, an estimated $193K sold.
Based on aggregated 13F filings for Q4 2025.