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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
SAM
26
Southeastern Asset Management
Tennessee
$37.9M +$4.64M +2,610 +14%
Brown Advisory
27
Brown Advisory
Maryland
$37.4M -$2.17M -1,222 -6%
Select Equity Group
28
Select Equity Group
New York
$32.1M -$18M -10,127 -36%
Robeco Institutional Asset Management
29
Robeco Institutional Asset Management
Netherlands
$32M -$2.37M -1,332 -7%
Victory Capital Management
30
Victory Capital Management
Texas
$31.7M +$2.75M +1,549 +10%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$31.4M +$430K +242 +1%
Northern Trust
32
Northern Trust
Illinois
$31.3M -$1.45M -817 -4%
EP
33
Elkhorn Partners
Nebraska
$26.8M -$8.89K -5 -0%
WCM Investment Management
34
WCM Investment Management
California
$23.4M -$263K -148 -1%
UBS AM
35
UBS AM
Illinois
$22M +$1.76M +989 +9%
STCG
36
Speece Thorson Capital Group
Minnesota
$20.4M +$398K +224 +2%
HKAM
37
Horizon Kinetics Asset Management
New York
$19.7M -$665K -374 -3%
Bank of New York Mellon
38
Bank of New York Mellon
New York
$19.5M -$3.04M -1,710 -14%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$18.7M -$2.03M -1,141 -10%
Wells Fargo
40
Wells Fargo
California
$17.2M +$422K +237 +3%
TSW
41
Thompson Siegel & Walmsley
Virginia
$14.9M -$21.3K -12 -0.1%
GKIM
42
GW&K Investment Management
Massachusetts
$14.9M -$347K -195 -2%
AQR Capital Management
43
AQR Capital Management
Connecticut
$14.4M -$726K -408 -5%
EP
44
Edgestream Partners
New Jersey
$14M +$7.59M +4,269 +121%
PL
45
Perpetual Ltd
Australia
$13.9M
Goldman Sachs
46
Goldman Sachs
New York
$12.4M +$4.67M +2,626 +62%
Hotchkis & Wiley Capital Management
47
Hotchkis & Wiley Capital Management
California
$12.3M -$42.7K -24 -0.3%
RA
48
Royce & Associates
New York
$11.9M -$8.87M -4,985 -43%
American Century Companies
49
American Century Companies
Missouri
$11.4M -$1.19M -671 -10%
Jane Street
50
Jane Street
New York
$10.9M +$9.77M +5,493 +950%

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.