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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
SIC
201
Sage Investment Counsel
Tennessee
$359K
PS
202
Principal Securities
Iowa
$359K +$26.7K +15 +8%
NRS
203
Neville Rodie & Shaw
New York
$359K
FNFDCM
204
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$357K
Bank of Nova Scotia
205
Bank of Nova Scotia
Ontario, Canada
$352K +$72.9K +41 +26%
VT
206
Vise Technologies
New York
$352K +$349K +196 New
MAM
207
Martingale Asset Management
Massachusetts
$343K -$740K -416 -69%
TRCT
208
Tower Research Capital (TRC)
New York
$341K +$231K +130 +217%
BNP Paribas Financial Markets
209
BNP Paribas Financial Markets
France
$338K +$72.9K +41 +28%
SC
210
Savant Capital
Illinois
$336K +$76.5K +43 +30%
JIC
211
Johnson Investment Counsel
Ohio
$332K
GI
212
GAMMA Investing
California
$327K +$189K +106 +139%
AAP
213
Arax Advisory Partners
Colorado
$326K -$1.78K -1 -0.5%
FRA
214
Frank Rimerman Advisors
California
$318K -$8.89K -5 -3%
MOS
215
MGO One Seven
Ohio
$314K
CL
216
Choreo LLC
Illinois
$311K +$1.78K +1 +0.6%
TSS
217
Two Sigma Securities
New York
$305K -$76.5K -43 -20%
NA
218
NewEdge Advisors
Louisiana
$305K
SCM
219
Sterling Capital Management
North Carolina
$300K +$53.4K +30 +22%
IP
220
Isthmus Partners
Wisconsin
$294K
CGH
221
Crossmark Global Holdings
Texas
$284K +$65.8K +37 +31%
KeyBank National Association
222
KeyBank National Association
Ohio
$284K -$44.5K -25 -14%
Prudential Financial
223
Prudential Financial
New Jersey
$279K +$267K +150 New
DWA
224
Douglass Winthrop Advisors
New York
$278K -$64K -36 -19%
EPAM
225
Evelyn Partners Asset Management
$277K

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.