Angel Studios, Inc.: which funds bought and sold

Institutions that bought and sold Angel Studios shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 70 institutions that filed 13F reports for both quarters added to or opened positions in Angel Studios, and 33 cut or closed them. Together they added a net 8.1M shares, +23.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 2.4M shares (+40.4%); index fund managers were net buyers of 762K shares (+16.4%). 38 opened a new position and 16 sold out entirely.

Bought, Q2 2026 70 institutions, 38 of them new holders Sold, Q2 2026 33 institutions, 16 of them sold out

Net change, all compared +8.1M shares (+23.2%)

Net change, active managers +2.4M shares (+40.4%), 10 bought, 5 sold

Buyers versus sellers

institutions compared, 153

70 bought 50 33 sold

Active managers and hedge funds 10 bought · 5 sold · +2.4M

Index fund managers 7 bought · 0 sold · +762K

Other institutions 53 bought · 28 sold · +5.0M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Peak6 LLC	+2.6M New position	2.6M	$9.5M
Renaissance Technologies LLC Hedge fund	+1.3M +1432.3%	1.4M	$5M
Diversify Advisory Services, LLC	+701K New position	701K	$3.1M
Millennium Management LLC Hedge fund	+523K New position	523K	$1.9M
Awm Investment Company, Inc.	+458K New position	458K	$1.7M
Americana Partners, LLC	+389K New position	389K	$1.4M
Citadel Advisors LLC Hedge fund	+378K New position	378K	$1.4M
Paloma Partners Management Co Hedge fund	+325K New position	325K	$1.2M
Shay Capital LLC	+285K New position	285K	$1M
Geode Capital Management, LLC Index funds	+230K +25.1%	1.1M	$4.2M
Tudor Investment Corp Et Al Hedge fund	+213K +173.8%	335K	$1.2M
Vanguard Capital Management LLC Index funds	+171K +18.2%	1.1M	$4.1M
Capricorn Fund Managers Ltd	+131K New position	131K	$480,058
Diametric Capital, LP	+118K +55.7%	329K	$1.2M
Quadrature Capital Ltd Hedge fund	+116K New position	116K	$424,325
Vanguard Fiduciary Trust Co Index funds	+99K +23.6%	521K	$1.9M
State Street Corp Index funds	+93K +25.0%	467K	$1.7M
Exoduspoint Capital Management, LP Hedge fund	+92K New position	92K	$338,293
Aquatic Capital Management LLC	+92K New position	92K	$337,798
Brc Group Holdings, Inc.	+81K New position	81K	$297,721

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Renaissance Technologies LLC Hedge fund	+1.3M +1432.3%	1.4M	$5M
Millennium Management LLC Hedge fund	+523K New position	523K	$1.9M
Citadel Advisors LLC Hedge fund	+378K New position	378K	$1.4M
Paloma Partners Management Co Hedge fund	+325K New position	325K	$1.2M
Tudor Investment Corp Et Al Hedge fund	+213K +173.8%	335K	$1.2M
Quadrature Capital Ltd Hedge fund	+116K New position	116K	$424,325
Exoduspoint Capital Management, LP Hedge fund	+92K New position	92K	$338,293
Two Sigma Investments, LP Hedge fund	+26K New position	26K	$95,339
Boothbay Fund Management, LLC Hedge fund	+13K New position	13K	$46,514
FMR LLC Active manager	+972 +424.5%	1,201	$4,408

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Hudson Bay Capital Management LP Hedge fund	−203K −4.9%	3.9M	$14.4M
Verition Fund Management LLC Hedge fund	−165K −49.1%	171K	$626,278
Sepio Capital, LP Hedge fund	−104K −9.8%	959K	$3.5M
Brevan Howard Capital Management LP Hedge fund	−70K Sold out	0	—
Connective Capital Management, LLC	−65K Sold out	0	—
Morgan Stanley	−60K −49.2%	62K	$228,432
Lazard Asset Management LLC Active manager	−57K Sold out	0	—
Norden Group LLC	−49K Sold out	0	—
Andina Capital Management, LLC	−38K Sold out	0	—
Johnson Financial Group, LLC	−32K Sold out	0	—
Virtu Financial LLC	−31K Sold out	0	—
Byrne Asset Management LLC	−27K Sold out	0	—
Gsa Capital Partners LLP	−27K Sold out	0	—
Entrypoint Capital, LLC	−11K −24.3%	34K	$123,617
Imc-Chicago, LLC	−9,586 −45.1%	12K	$42,902
Prelude Capital Management, LLC	−9,276 −17.3%	44K	$162,537
Simplex Trading, LLC	−9,124 Sold out	0	—
Thomas J. Herzfeld Advisors, Inc.	−5,699 Sold out	0	—
Mai Capital Management	−5,400 Sold out	0	—
Diversify Wealth Management, LLC	−2,362 −0.3%	701K	$3.1M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Hudson Bay Capital Management LP Hedge fund	−203K −4.9%	3.9M	$14.4M
Verition Fund Management LLC Hedge fund	−165K −49.1%	171K	$626,278
Sepio Capital, LP Hedge fund	−104K −9.8%	959K	$3.5M
Brevan Howard Capital Management LP Hedge fund	−70K Sold out	0	—
Lazard Asset Management LLC Active manager	−57K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Peak6 LLC	2.6M	$9.5M
Diversify Advisory Services, LLC	701K	$3.1M
Millennium Management LLCHedge fund	523K	$1.9M
Awm Investment Company, Inc.	458K	$1.7M
Americana Partners, LLC	389K	$1.4M
Citadel Advisors LLCHedge fund	378K	$1.4M
Paloma Partners Management CoHedge fund	325K	$1.2M
Shay Capital LLC	285K	$1M
Capricorn Fund Managers Ltd	131K	$480,058
Quadrature Capital LtdHedge fund	116K	$424,325

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Brevan Howard Capital Management LPHedge fund	70K	$214,461
Connective Capital Management, LLC	65K	$198,525
Lazard Asset Management LLCActive manager	57K	$174,457
Norden Group LLC	49K	$149,832
Andina Capital Management, LLC	38K	$115,958
Johnson Financial Group, LLC	32K	$97,423
Virtu Financial LLC	31K	$96,000
Byrne Asset Management LLC	27K	$83,509
Gsa Capital Partners LLP	27K	$83,000
Simplex Trading, LLC	9,124	$27,828

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 139
Ten largest holders: 77.1%
Index fund managers: 12.5%
Active managers and hedge funds: 19.1%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	10	5	7	2	+2.4M	+40.4%
Index fund managers	7	0	0	0	+762K	+16.4%
Other institutions	53	28	31	14	+5.0M	+20.4%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Angel Studios.

Only managers that filed a holdings report for both quarters are compared (153 here). 6 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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