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White Mountains Insurance

325 hedge funds and large institutions have $4.17B invested in White Mountains Insurance in 2025 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 103 increasing their positions, 112 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 26

1% more funds holding

Funds holding: 322325 (+3)

0.04% less ownership

Funds ownership: 90.18%90.15% (-0.04%)

8% less repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 112

6% less capital invested

Capital invested by funds: $4.44B → $4.17B (-$277M)

29% less funds holding in top 10

Funds holding in top 10: 75 (-2)

Holders
325
Holders Change
+3
Holders Change %
+0.93%
% of All Funds
4.28%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.07%
New
33
Increased
103
Reduced
112
Closed
26
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
TPCW
276
TD Private Client Wealth
New York
$57.5K +$1.78K +1 +3%
Carson Wealth (CWM LLC)
277
Carson Wealth (CWM LLC)
Nebraska
$56K +$14.2K +8 +35%
AF
278
Allworth Financial
California
$50.3K +$5.34K +3 +12%
SC
279
Steph & Co
Wisconsin
$46.7K +$46.2K +26 New
CIBC Private Wealth Group
280
CIBC Private Wealth Group
Georgia
$44.9K -$14.2K -8 -24%
BNP Paribas Asset Management
281
BNP Paribas Asset Management
France
$40K +$39.1K +22 New
FFO
282
Fortitude Family Office
Arizona
$37.7K +$3.56K +2 +11%
DAM
283
Delta Asset Management
Tennessee
$34.1K
Jones Financial Companies
284
Jones Financial Companies
Missouri
$33.9K +$16K +9 +90%
Fifth Third Bancorp
285
Fifth Third Bancorp
Ohio
$30.5K +$19.6K +11 +183%
HNB
286
Huntington National Bank
Ohio
$28.7K -$12.4K -7 -30%
GCM
287
Gables Capital Management
Florida
$26.9K
PTC
288
Private Trust Company
Ohio
$25.1K -$1.78K -1 -7%
CAL
289
Capital Advisors Ltd
Ohio
$22K
Nomura Asset Management
290
Nomura Asset Management
Japan
$21.5K
SO
291
Sierra Ocean
California
$21.5K
Northwestern Mutual Wealth Management
292
Northwestern Mutual Wealth Management
Wisconsin
$21.5K -$16K -9 -43%
GWM
293
Geneos Wealth Management
Colorado
$19.8K -$48K -27 -71%
Acadian Asset Management
294
Acadian Asset Management
Massachusetts
$17K
Mitsubishi UFJ Asset Management
295
Mitsubishi UFJ Asset Management
Japan
$16.2K
BCWM
296
Bartlett & Co Wealth Management
Ohio
$14.4K
BIA
297
Bell Investment Advisors
California
$14.4K
BI
298
Binnacle Investments
Iowa
$12.6K
PWAM
299
Private Wealth Asset Management
Iowa
$12.6K
SAM
300
Smartleaf Asset Management
Massachusetts
$12.5K +$5.34K +3 +75%

WTM Hedge Fund Activity: Q2 2025 in Review

325 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in White Mountains Insurance (WTM) for Q2 2025, worth a combined $4.17B — down 6.2% from $4.44B a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new WTM positions and 26 closed out — a net gain of 7 holders — while 103 added to existing stakes and 112 trimmed.

The largest buyer was Neuberger Berman Group, adding an estimated $47.7M. The largest seller was First Trust Advisors, cutting an estimated $30.7M.

  • 325 institutional investors held White Mountains Insurance (WTM) as of Q2 2025, up from 322 in Q1 2025.
  • Funds reported $4.17B of White Mountains Insurance stock for Q2 2025, down 6.2% quarter-over-quarter.
  • 33 funds opened new White Mountains Insurance positions in Q2 2025 and 26 closed out, a net change of +7 holders.
  • The largest White Mountains Insurance buyer in Q2 2025 was Neuberger Berman Group, an estimated $47.7M added.
  • The largest White Mountains Insurance seller in Q2 2025 was First Trust Advisors, an estimated $30.7M sold.

Based on aggregated 13F filings for Q2 2025.