undamentalytics Newsletter

Figma, Inc.: which funds bought and sold

Institutions that bought and sold Figma 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, 249 institutions that filed 13F reports for both quarters added to or opened positions in Figma, and 130 cut or closed them. Together they added a net 45.3M shares, +14.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 22.7M shares (+30.4%); index fund managers were net buyers of 10.2M shares (+53.0%). 123 opened a new position and 70 sold out entirely.

Bought, Q2 2026 249 institutions, 123 of them new holders Sold, Q2 2026 130 institutions, 70 of them sold out
Net change, all compared +45.3M shares (+14.1%)
Net change, active managers +22.7M shares (+30.4%), 34 bought, 22 sold

Buyers versus sellers

institutions compared, 431
Active managers and hedge funds 34 bought · 22 sold · +22.7M
Index fund managers 10 bought · 0 sold · +10.2M
Other institutions 205 bought · 108 sold · +12.3M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Blackrock, Inc. Index funds +5.8M +1831.5% 6.1M $110M
Point72 Asset Management, L.P. Hedge fund +5.4M New position 5.4M $97.9M
Citadel Advisors LLC Hedge fund +4.7M +167.6% 7.6M $137M
UBS Group AG +4.4M +55.1% 12.5M $226M
Price T Rowe Associates Inc Active manager +4.4M +35.2% 16.9M $306M
Bank Of America Corp +2.7M +64.3% 6.9M $124M
D. E. Shaw & Co., Inc. Hedge fund +2.5M New position 2.5M $45.9M
Voloridge Investment Management, LLC Hedge fund +2.5M +109.8% 4.8M $87.4M
Healthcare Of Ontario Pension Plan Trust Fund +2.4M +541.3% 2.8M $51.4M
Renaissance Technologies LLC Hedge fund +2.4M +377.2% 3.0M $54.8M
BAMCO Inc Active manager +2.2M +107.8% 4.3M $77.1M
State Street Corp Index funds +2.1M +6932.2% 2.1M $38.6M
Goldman Sachs Group Inc +2.0M +32.6% 8.2M $149M
Two Sigma Investments, LP Hedge fund +1.6M +14.1% 12.7M $230M
Susquehanna International Group, LLP +1.5M +291.4% 2.1M $37.4M
Millennium Management LLC Hedge fund +1.4M +99.9% 2.8M $51.3M
Morgan Stanley +1.3M +24.5% 6.8M $124M
Broad Bay Capital Management, LP +1.2M New position 1.2M $21.7M
Geode Capital Management, LLC Index funds +1.1M New position 1.1M $20.2M
Jane Street Group, LLC +1.1M New position 1.1M $19M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
A16Z Capital Management, L.L.C. −10.0M −62.6% 6.0M $108M
FMR LLC Active manager −3.2M −15.5% 17.5M $317M
Index Venture Associates Vi Ltd −2.9M −4.9% 54.8M $991M
Nuveen, LLC −2.1M −87.1% 305K $5.5M
Surgocap Partners LP Hedge fund −1.9M Sold out 0 —
Greenoaks LLC Hedge fund −1.5M Sold out 0 —
Marshall Wace, LLP Hedge fund −971K −53.2% 853K $15.4M
Foundations Investment Advisors, LLC −597K Sold out 0 —
Gilder Gagnon Howe & Co LLC Active manager −571K −87.6% 81K $1.5M
Crosslink Capital Inc −517K Sold out 0 —
SG Americas Securities, LLC −448K −90.0% 50K $904,000
Ardmore Road Asset Management LP −400K Sold out 0 —
Franklin Resources Inc Active manager −367K Sold out 0 —
ARK Investment Management LLC Active manager −351K −10.3% 3.0M $55M
Seven Grand Managers, LLC −250K Sold out 0 —
Goanna Capital Management LLC −227K Sold out 0 —
Rokos Capital Management LLP Hedge fund −209K Sold out 0 —
Lord, Abbett & Co. LLC −196K Sold out 0 —
Sands Capital Management, LLC Active manager −188K Sold out 0 —
Lightspeed Management Company, L.L.C. −173K −94.3% 10K $187,973

New positions

largest by value
InstitutionSharesValue June 30, 2026
Point72 Asset Management, L.P.Hedge fund 5.4M $97.9M
D. E. Shaw & Co., Inc.Hedge fund 2.5M $45.9M
Broad Bay Capital Management, LP 1.2M $21.7M
Geode Capital Management, LLCIndex funds 1.1M $20.2M
Jane Street Group, LLC 1.1M $19M
HRT Financial LP 1.0M $18.8M
Rudius Management LP 809K $14.6M
Findell Capital Management LLC 745K $13.5M
Bienville Capital Management, LLC 737K $13.3M
Exane Asset Management 431K $8.9M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Surgocap Partners LPHedge fund 1.9M $39.5M
Greenoaks LLCHedge fund 1.5M $31.7M
Foundations Investment Advisors, LLC 597K $12.6M
Crosslink Capital Inc 517K $10.9M
Ardmore Road Asset Management LP 400K $8.5M
Franklin Resources IncActive manager 367K $7.8M
Seven Grand Managers, LLC 250K $5.3M
Goanna Capital Management LLC 227K $4.8M
Rokos Capital Management LLPHedge fund 209K $4.4M
Lord, Abbett & Co. LLC 196K $4.2M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
367
Ten largest holders
61.7%
of 13F-reported shares
Index fund managers
8.0%
of 13F-reported shares
Active managers and hedge funds
26.5%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 34 22 14 13 +22.7M +30.4%
Index fund managers 10 0 2 0 +10.2M +53.0%
Other institutions 205 108 107 57 +12.3M +5.4%

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.

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