Institutional Investment Trends in Affirm Holdings Revealed

2024-03-12

During the quarter ending on December 31, 2023, data from sharkstracker.com revealed that Affirm Holdings (AFRM) attracted the interest of 415 hedge funds, collectively holding 224,777,653 shares. Furthermore, 16 ETFs also had stakes in AFRM, totaling 2,329,362 shares.

In the same quarter, 132 hedge funds were actively purchasing AFRM shares, while 138 were selling off their positions. Despite the selling activity, the total number of shares bought surpassed those sold, indicating a prevailing confidence in the stock. Noteworthy is the fact that 49 hedge funds opted to double down on their positions in AFRM during this period.

Among the top institutional holders of AFRM were Morgan Stanley, Capital Research Global Investors, Vanguard Group Inc, Capital World Investors, and Baillie Gifford & Co. Morgan Stanley emerged as the leading institutional holder, boasting 28,370,244 shares of AFRM.

The data also shed light on the most pessimistic and optimistic institutional investors regarding AFRM. The most pessimistic entities included Spyglass Capital Management LLC, Citadel Advisors LLC, Wellington Management Group LLP, Price T Rowe Associates Inc, and Morgan Stanley. Conversely, the most optimistic institutions were D. E. Shaw & Co., Inc., Two Sigma Advisers, LP, Voloridge Investment Management, LLC, Susquehanna International Group, LLP, and Barclays PLC.

This data-driven insight into the market dynamics surrounding AFRM equips investors with valuable information to make well-informed decisions. For a more comprehensive analysis, the full article can be accessed on sharkstracker.com.