Stocks with Falling Hedge Fund Ownership — Q3 2025
Stocks ranked by net decline in institutional holder count. Falling ownership may signal waning institutional conviction.
| # | Stock | Company | Net Fund Change | Net $ Change | Sector |
|---|---|---|---|---|---|
| 1 | HES | -464 | $-26.0B | — | |
| 2 | WBA | -433 | $-4.7B | — | |
| 3 | AAPL | Apple Inc. | -223 | +$154.7B | Technology |
| 4 | PG | The Procter & Gamble Company | -210 | +$64.5M | Consumer Defensive |
| 5 | DIS | The Walt Disney Company | -202 | $-4.5B | Communication Services |
| 6 | KLG | -201 | $-604.6M | — | |
| 7 | AZEK | -197 | $-4.7B | — | |
| 8 | ADBE | Adobe Inc. | -194 | $-2.9B | Technology |
| 9 | AMED | -190 | $-2.6B | — | |
| 10 | CMCSA | Comcast Corporation | -189 | $-6.3B | Communication Services |
| 11 | JPM | JPMorgan Chase & Co. | -172 | +$21.7B | Financial Services |
| 12 | DNB | -172 | $-2.1B | — | |
| 13 | ESGR | -171 | $-3.0B | — | |
| 14 | CMG | Chipotle Mexican Grill, Inc. | -164 | $-12.1B | Consumer Cyclical |
| 15 | SBUX | Starbucks Corporation | -158 | $-2.8B | Consumer Cyclical |
| 16 | SWTX | -152 | $-2.9B | — | |
| 17 | MDLZ | Mondelez International, Inc. | -150 | $-2.0B | Consumer Defensive |
| 18 | CL | Colgate-Palmolive Company | -148 | $-477.2M | Consumer Defensive |
| 19 | PGR | The Progressive Corporation | -144 | $-2.9B | Financial Services |
| 20 | RDFN | -140 | $-880.7M | — | |
| 21 | DHR | Danaher Corporation | -139 | +$1.3B | Healthcare |
| 22 | ZTS | Zoetis Inc. | -130 | $-1.3B | Healthcare |
| 23 | ACN | Accenture plc | -126 | $-2.9B | Technology |
| 24 | PAYX | Paychex, Inc. | -125 | $-884.9M | Industrials |
| 25 | PYPL | PayPal Holdings, Inc. | -121 | $-3.3B | Financial Services |
| 26 | CHPT | ChargePoint Holdings, Inc. | -119 | $-30.4M | Consumer Cyclical |
| 27 | FARO | -116 | $-755.2M | — | |
| 28 | VERV | -114 | $-716.0M | — | |
| 29 | BASE | -111 | $-694.4M | — | |
| 30 | FICO | Fair Isaac Corporation | -110 | $-3.3B | Technology |
| 31 | XLE | State Street Energy Select Sector SPDR ETF | -109 | +$1.5B | Financial Services |
| 32 | IT | Gartner, Inc. | -108 | $-4.1B | Technology |
| 33 | ADP | Automatic Data Processing, Inc. | -105 | $-1.1B | Industrials |
| 34 | STZ | Constellation Brands, Inc. | -105 | $-1.0B | Consumer Defensive |
| 35 | GOGL | -104 | $-205.5M | — | |
| 36 | LMT | Lockheed Martin Corporation | -103 | +$2.9B | Industrials |
| 37 | GWW | W.W. Grainger, Inc. | -102 | $-3.7B | Industrials |
| 38 | UNIT | Uniti Group Inc. | -102 | +$327.4M | Real Estate |
| 39 | AFL | Aflac Incorporated | -102 | +$360.7M | Financial Services |
| 40 | UPS | United Parcel Service, Inc. | -99 | $-3.6B | Industrials |
| 41 | KMB | Kimberly-Clark Corporation | -97 | $-26.3M | Consumer Defensive |
| 42 | FIS | Fidelity National Information Services, Inc. | -97 | $-4.9B | Technology |
| 43 | MOAT | VanEck Morningstar Wide Moat ETF | -96 | $-45.2M | Financial Services |
| 44 | EMR | Emerson Electric Co. | -95 | +$279.6M | Industrials |
| 45 | AMT | American Tower Corporation | -94 | $-4.5B | Real Estate |
| 46 | DOW | Dow Inc. | -93 | $-94.8M | Basic Materials |
| 47 | CRM | Salesforce, Inc. | -92 | $-7.6B | Technology |
| 48 | AIG | American International Group, Inc. | -91 | $-2.0B | Financial Services |
| 49 | EFG | iShares MSCI EAFE Growth ETF | -91 | $-1.2B | Financial Services |
| 50 | ABT | Abbott Laboratories | -90 | $-2.0B | Healthcare |
| 51 | AGS | -89 | $-271.4M | — | |
| 52 | FTV | Fortive Corporation | -86 | $-676.3M | Technology |
| 53 | PFE | Pfizer Inc. | -86 | +$3.2B | Healthcare |
| 54 | CI | Cigna Corporation | -85 | $-4.6B | Healthcare |
| 55 | CYBR | -85 | +$3.4B | — | |
| 56 | LYB | LyondellBasell Industries N.V. | -84 | $-763.6M | Basic Materials |
| 57 | APD | Air Products and Chemicals, Inc. | -84 | $-879.6M | Basic Materials |
| 58 | USMV | iShares MSCI USA Min Vol Factor ETF | -82 | +$243.7M | Financial Services |
| 59 | SHYF | -82 | $-264.2M | — | |
| 60 | CRGX | -82 | $-179.6M | — | |
| 61 | DVA | DaVita Inc. | -81 | $-921.4M | Healthcare |
| 62 | IYW | iShares U.S. Technology ETF | -80 | $-202.8M | Financial Services |
| 63 | OXLCL | Oxford Lane Capital Corp. 6.75% Notes due 2031 | -80 | $-36.5M | Financial Services |
| 64 | QUAL | iShares MSCI USA Quality Factor ETF | -79 | +$653.7M | Financial Services |
| 65 | IWF | iShares Russell 1000 Growth ETF | -78 | +$2.8B | Financial Services |
| 66 | CLX | The Clorox Company | -78 | $-332.9M | Consumer Defensive |
| 67 | WDAY | Workday, Inc. | -76 | +$2.5B | Technology |
| 68 | POOL | Pool Corporation | -76 | $-308.2M | Industrials |
| 69 | CHD | Church & Dwight Co., Inc. | -75 | $-1.3B | Consumer Defensive |
| 70 | DEO | Diageo plc | -75 | $-222.3M | Consumer Defensive |
| 71 | FTNT | Fortinet, Inc. | -75 | $-4.5B | Technology |
| 72 | ODFL | Old Dominion Freight Line, Inc. | -74 | $-171.7M | Industrials |
| 73 | UNM | Unum Group | -74 | $-490.3M | Financial Services |
| 74 | EMN | Eastman Chemical Company | -73 | $-698.1M | Basic Materials |
| 75 | AMGN | Amgen Inc. | -72 | $-590.3M | Healthcare |
| 76 | CDW | CDW Corporation | -71 | $-735.2M | Technology |
| 77 | KMX | CarMax, Inc. | -71 | $-1.9B | Consumer Cyclical |
| 78 | OTIS | Otis Worldwide Corporation | -71 | $-2.2B | Industrials |
| 79 | IBB | iShares Biotechnology ETF | -71 | +$331.1M | Financial Services |
| 80 | LULU | Lululemon Athletica Inc. | -69 | $-1.5B | Consumer Cyclical |
| 81 | BALL | Ball Corporation | -69 | $-726.6M | Consumer Cyclical |
| 82 | GTLS | Chart Industries, Inc. | -68 | +$960.4M | Industrials |
| 83 | IHI | iShares U.S. Medical Devices ETF | -68 | $-144.9M | Financial Services |
| 84 | UNP | Union Pacific Corporation | -67 | +$7.3B | Industrials |
| 85 | CIT | -67 | $-1.5B | — | |
| 86 | CARR | Carrier Global Corporation | -67 | $-3.3B | Industrials |
| 87 | EBTC | -66 | $-141.7M | — | |
| 88 | MCX | Medley Capital Corporation 6.50 NT 013021 | -66 | $-474.9M | Financial Services |
| 89 | LNTH | Lantheus Holdings, Inc. | -65 | $-1.6B | Healthcare |
| 90 | FDX | FedEx Corporation | -65 | +$1.4B | Industrials |
| 91 | VHT | Vanguard Health Care ETF | -64 | +$86.3M | Financial Services |
| 92 | TPICQ | -63 | $-8.3M | — | |
| 93 | CHTR | Charter Communications, Inc. | -63 | $-5.1B | Communication Services |
| 94 | SFM | Sprouts Farmers Market, Inc. | -62 | $-2.7B | Consumer Defensive |
| 95 | THRD | -62 | $-169.5M | — | |
| 96 | INZY | -62 | $-104.4M | — | |
| 97 | PARAA | -62 | $-116.1M | — | |
| 98 | SSBK | -62 | $-122.5M | — | |
| 99 | COWZ | Pacer US Cash Cows 100 ETF | -61 | $-230.5M | Financial Services |
| 100 | DRI | Darden Restaurants, Inc. | -61 | $-1.6B | Consumer Cyclical |
Data sourced from SEC 13F filings for Q3 2025. Filings are delayed up to 45 days after quarter end.
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Frequently Asked Questions
How is "falling ownership" calculated?
Net fund change = funds opening new positions minus funds closing positions. A negative number means more institutions are exiting the stock than entering.
When is this data updated?
13F filings are due 45 days after each quarter end. Data is updated as new filings become available.