Who owns Affirm Holdings (AFRM)
Which tracked institutional funds hold AFRM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See AFRM company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on AFRM is one-sided between 2025-Q4 and 2026-Q1: 88 added or opened and 318 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
AFRM’s largest tracked holder by dollar value, Capital Research Global Investors, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in AFRM divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 595 tracked filers holding AFRM, 318 increased or opened the position and 332 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in AFRM between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 44
- VANGUARD CAPITAL MANAGEMENT LLC$557M
- VANGUARD PORTFOLIO MANAGEMENT LLC$532M
- VANGUARD FIDUCIARY TRUST CO$83M
- DIVERSIFY WEALTH MANAGEMENT, LLC$21M
- Bienville Capital Management, LLC$15M
- Longaeva Partners L.P.$13M
Full exits 64
- VANGUARD GROUP INC$1.8B
- LONE PINE CAPITAL LLC$284M
- Jericho Capital Asset Management L.P.$268M
- 1832 Asset Management L.P.$133M
- MOORE CAPITAL MANAGEMENT, LP$24M
- Trexquant Investment LP$18M
Largest adds
- CITADEL ADVISORS LLC$152M
- JPMORGAN CHASE & CO$90M
- BALYASNY ASSET MANAGEMENT L.P.$65M
- MILLENNIUM MANAGEMENT LLC$60M
- JANE STREET GROUP, LLC$45M
- D1 Capital Partners L.P.$28M
Largest trims
- BlackRock, Inc.$831M
- MORGAN STANLEY$718M
- Capital Research Global Investors$596M
- Capital World Investors$584M
- Invesco Ltd.$290M
- FMR LLC$225M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Capital Research Global Investors added | 26,000,572 | $2.1B | 12.3% | 2026-Q2 |
| Capital World Investors added | 23,115,136 | $1.9B | 10.9% | 2026-Q2 |
| BlackRock, Inc. added | 19,613,537 | $1.6B | 9.3% | 2026-Q2 |
| FMR LLC added | 17,581,656 | $1.4B | 8.3% | 2026-Q2 |
| MORGAN STANLEY trimmed | 21,715,982 | $995M | 5.8% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 12,152,375 | $557M | 3.2% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 11,599,993 | $532M | 3.1% | 2026-Q1 |
| STATE STREET CORP added | 6,349,214 | $518M | 3.0% | 2026-Q2 |
| BAILLIE GIFFORD & CO added | 5,856,569 | $478M | 2.8% | 2026-Q2 |
| NORGES BANK added | 3,681,211 | $300M | 1.7% | 2026-Q2 |
| Durable Capital Partners LP added | 5,649,434 | $259M | 1.5% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 5,522,772 | $252M | 1.5% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 5,297,016 | $228M | 1.3% | 2026-Q1 |
| D1 Capital Partners L.P. trimmed | 1,908,511 | $156M | 0.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,774,298 | $127M | 0.7% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 1,496,735 | $122M | 0.7% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 1,473,364 | $120M | 0.7% | 2026-Q2 |
| UBS Group AG added | 2,302,217 | $105M | 0.6% | 2026-Q1 |
| Atreides Management, LP added | 1,273,050 | $104M | 0.6% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 1,248,374 | $102M | 0.6% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 1,243,908 | $101M | 0.6% | 2026-Q2 |
| Foxhaven Asset Management, LP added | 2,205,556 | $101M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 1,813,121 | $83M | 0.5% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,762,385 | $81M | 0.5% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 950,683 | $78M | 0.5% | 2026-Q2 |
| Spyglass Capital Management LLC added | 1,662,325 | $76M | 0.4% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 1,575,982 | $72M | 0.4% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 1,574,660 | $72M | 0.4% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 1,577,264 | $72M | 0.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,557,610 | $71M | 0.4% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,468,593 | $67M | 0.4% | 2026-Q1 |
| TREMBLANT CAPITAL GROUP added | 1,397,248 | $64M | 0.4% | 2026-Q1 |
| WESTFIELD CAPITAL MANAGEMENT CO LP added | 1,080,636 | $50M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 1,064,236 | $49M | 0.3% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 1,040,114 | $48M | 0.3% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 1,036,975 | $48M | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,023,643 | $47M | 0.3% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC added | 569,152 | $46M | 0.3% | 2026-Q2 |
| GILDER GAGNON HOWE & CO LLC added | 958,005 | $44M | 0.3% | 2026-Q1 |
| Invesco Ltd. added | 524,934 | $43M | 0.2% | 2026-Q2 |
| Leo Wealth, LLC trimmed | 924,622 | $42M | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 903,899 | $41M | 0.2% | 2026-Q1 |
| ThornTree Capital Partners LP added | 834,289 | $38M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 806,800 | $37M | 0.2% | 2026-Q1 |
| Amundi trimmed | 735,302 | $34M | 0.2% | 2026-Q1 |
| ALLEN OPERATIONS LLC | 721,382 | $33M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 713,211 | $33M | 0.2% | 2026-Q1 |
| Artemis Investment Management LLP trimmed | 685,608 | $31M | 0.2% | 2026-Q1 |
| Pacific Heights Asset Management LLC added | 675,000 | $31M | 0.2% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 31,500,000 | $30M | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 637,280 | $29M | 0.2% | 2026-Q1 |
| Legal & General Group Plc added | 615,540 | $28M | 0.2% | 2026-Q1 |
| AustralianSuper Pty Ltd trimmed | 614,323 | $28M | 0.2% | 2026-Q1 |
| Ardmore Road Asset Management LP added | 600,000 | $27M | 0.2% | 2026-Q1 |
| Islander Capital Partners, L.P. added | 570,000 | $26M | 0.2% | 2026-Q1 |
| 12 West Capital Management LP added | 535,000 | $25M | 0.1% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. added | 528,358 | $24M | 0.1% | 2026-Q1 |
| Quantinno Capital Management LP trimmed | 520,839 | $24M | 0.1% | 2026-Q1 |
| Glendon Capital Management LP added | 514,100 | $24M | 0.1% | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 496,394 | $23M | 0.1% | 2026-Q1 |
| Capital International Investors added | 492,821 | $23M | 0.1% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 491,055 | $23M | 0.1% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 455,837 | $21M | 0.1% | 2026-Q1 |
| Ilex Capital Partners (UK) LLP added | 453,767 | $21M | 0.1% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 447,622 | $21M | 0.1% | 2026-Q1 |
| DIVERSIFY WEALTH MANAGEMENT, LLC new | 322,961 | $21M | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 237,138 | $19M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 417,484 | $19M | 0.1% | 2026-Q1 |
| SG Americas Securities, LLC trimmed | 470,444 | $19M | 0.1% | 2026-Q1 |
| Diversify Advisory Services, LLC added | 280,693 | $18M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 382,998 | $18M | 0.1% | 2026-Q1 |
| Polar Capital Holdings Plc trimmed | 378,684 | $17M | 0.1% | 2026-Q1 |
| NZS Capital, LLC added | 366,379 | $17M | 0.1% | 2026-Q1 |
| T. Rowe Price Investment Management, Inc. added | 355,159 | $16M | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 341,771 | $16M | 0.1% | 2026-Q1 |
| Gillson Capital LP added | 329,810 | $15M | 0.1% | 2026-Q1 |
| Bienville Capital Management, LLC added | 326,395 | $15M | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 318,783 | $15M | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 315,711 | $14M | 0.1% | 2026-Q1 |
| Longaeva Partners L.P. new | 285,099 | $13M | 0.1% | 2026-Q1 |
| Pacer Advisors, Inc. added | 331,083 | $13M | 0.1% | 2026-Q1 |
| PEAK6 LLC added | 277,468 | $13M | 0.1% | 2026-Q1 |
| NORDEA INVESTMENT MANAGEMENT AB added | 282,114 | $12M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 24,847,206 | $1.8B | 10.7% | 2025-Q4 stale |
| LONE PINE CAPITAL LLC new | 3,817,170 | $284M | 1.6% | 2025-Q4 stale |
| Jericho Capital Asset Management L.P. added | 3,601,248 | $268M | 1.6% | 2025-Q4 stale |
| 1832 Asset Management L.P. trimmed | 1,782,700 | $133M | 0.8% | 2025-Q4 stale |
| Whale Rock Capital Management LLC new | 1,275,022 | $88M | 0.5% | 2025-Q2 stale |
| Alyeska Investment Group, L.P. new | 800,466 | $55M | 0.3% | 2025-Q2 stale |
| Amanah Holdings Trust | 519,230 | $38M | 0.2% | 2025-Q3 stale |
| Kodai Capital Management LP added | 562,889 | $25M | 0.1% | 2025-Q1 stale |
| Shannon River Fund Management LLC new | 356,563 | $25M | 0.1% | 2025-Q2 stale |
| MOORE CAPITAL MANAGEMENT, LP added | 323,872 | $24M | 0.1% | 2025-Q4 stale |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 324,168 | $24M | 0.1% | 2025-Q3 stale |
| Rokos Capital Management LLP trimmed | 281,840 | $21M | 0.1% | 2025-Q3 stale |
| FEDERATED HERMES, INC. new | 261,042 | $19M | 0.1% | 2025-Q3 stale |
| Trexquant Investment LP added | 235,524 | $18M | 0.1% | 2025-Q4 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 226,568 | $17M | 0.1% | 2025-Q3 stale |
| Driehaus Capital Management LLC trimmed | 217,252 | $16M | 0.1% | 2025-Q4 stale |
| Science & Technology Partners, L.P. new | 188,100 | $14M | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.