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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
Handelsbanken Fonder
126
Handelsbanken Fonder
Sweden
$1.08M
ANTB
127
AMG National Trust Bank
Colorado
$1.03M +$1.78K +1 +0.2%
Verition Fund Management
128
Verition Fund Management
Connecticut
$1.03M -$788K -443 -44%
BIP
129
Brandes Investment Partners
California
$1.02M +$97.8K +55 +11%
Fidelity Investments
130
Fidelity Investments
Massachusetts
$1.01M -$19.6K -11 -2%
QC
131
Quadrature Capital
United Kingdom
$983K +$452K +254 +86%
BOSSRA
132
B.O.S.S. Retirement Advisors
Utah
$957K +$948K +533 New
Manulife (Manufacturers Life Insurance)
133
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$941K -$56.9K -32 -6%
CPIG
134
Chicago Partners Investment Group
Illinois
$914K +$35.6K +20 +4%
KK
135
KLP Kapitalforvaltning
Norway
$907K
PIM
136
Parker Investment Management
California
$898K
HCM
137
Hengehold Capital Management
Ohio
$885K +$105K +59 +14%
RAM
138
Resona Asset Management
Japan
$875K +$28.5K +16 +3%
Mitsubishi UFJ Trust & Banking
139
Mitsubishi UFJ Trust & Banking
Japan
$857K -$589K -331 -41%
CSC
140
Cove Street Capital
California
$851K -$30.2K -17 -3%
FFA
141
Farther Finance Advisors
California
$840K +$135K +76 +19%
Janney Montgomery Scott
142
Janney Montgomery Scott
Pennsylvania
$801K +$58.7K +33 +8%
PNC Financial Services Group
143
PNC Financial Services Group
Pennsylvania
$779K -$8.89K -5 -1%
Franklin Resources
144
Franklin Resources
California
$779K -$55.1K -31 -7%
Bank of Montreal
145
Bank of Montreal
Ontario, Canada
$776K +$28.5K +16 +4%
SA
146
Sanctuary Advisors
Indiana
$772K -$580K -326 -43%
SWM
147
Sendero Wealth Management
Texas
$752K
First Manhattan
148
First Manhattan
New York
$720K -$1.27M -714 -64%
Teacher Retirement System of Texas
149
Teacher Retirement System of Texas
Texas
$702K +$28.5K +16 +4%
Osaic Holdings
150
Osaic Holdings
Arizona
$701K +$33.8K +19 +5%

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.