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Affirm Holdings, Inc.

AFRM
Exchange
Nasdaq
Industry
Personal Credit Institutions
SEC CIK
0001820953

In the last 90 days, Affirm Holdings, Inc. insiders filed 0 open-market purchases and 6 sales; 661 institutions reported holding it in 13F filings for Q2 2026, worth $21.2B in total; D1 Capital Partners is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in Affirm Holdings, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
640
+33 vs. Q3 2025
Shares held
239.4M
+12.5M (+5.5%) vs. Q3 2025
Total value
$17.8B
+$1.19B (+7.2%) vs. Q3 2025
New holders
122
252 more added
Sold out
89
182 more reduced

9 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting AFRM on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 640 institutions
Q1 2021: 207 institutionsQ2 2021: 230 institutionsQ3 2021: 340 institutionsQ4 2021: 440 institutionsQ1 2022: 391 institutionsQ2 2022: 348 institutionsQ3 2022: 354 institutionsQ4 2022: 354 institutionsQ1 2023: 308 institutionsQ2 2023: 313 institutionsQ3 2023: 312 institutionsQ4 2023: 407 institutionsQ1 2024: 383 institutionsQ2 2024: 378 institutionsQ3 2024: 426 institutionsQ4 2024: 502 institutionsQ1 2025: 491 institutionsQ2 2025: 562 institutionsQ3 2025: 616 institutionsQ4 2025: 640 institutionsQ1 2026: 593 institutionsQ2 2026: 661 institutions
Value heldQ4 2025: $17.8B
Q1 2021: $5.81BQ2 2021: $6.01BQ3 2021: $13.2BQ4 2021: $14.3BQ1 2022: $7.33BQ2 2022: $2.94BQ3 2022: $3.26BQ4 2022: $1.59BQ1 2023: $2.05BQ2 2023: $2.73BQ3 2023: $4.17BQ4 2023: $9.51BQ1 2024: $7.19BQ2 2024: $5.77BQ3 2024: $8.07BQ4 2024: $12.6BQ1 2025: $9.77BQ2 2025: $15.5BQ3 2025: $16.6BQ4 2025: $17.8BQ1 2026: $11.0BQ2 2026: $21.2B
Institutions holding AFRM and their total value by quarter
QuarterHoldersValue
Q2 2026661$21.2B
Q1 2026593$11.0B
Q4 2025640$17.8B
Q3 2025616$16.6B
Q2 2025562$15.5B
Q1 2025491$9.77B
Q4 2024502$12.6B
Q3 2024426$8.07B
Q2 2024378$5.77B
Q1 2024383$7.19B
Q4 2023407$9.51B
Q3 2023312$4.17B
Q2 2023313$2.73B
Q1 2023308$2.05B
Q4 2022354$1.59B
Q3 2022354$3.26B
Q2 2022348$2.94B
Q1 2022391$7.33B
Q4 2021440$14.3B
Q3 2021340$13.2B
Q2 2021230$6.01B
Q1 2021207$5.81B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Affirm Holdings, Inc.; share changes are against Q3 2025.

Institutions holding AFRM in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Intercapital, LLC179,762$13.4M7.02%+179,762New
Raymond James Financial Inc176,696$13.2M0.00%+26,001+17.3%Added
Mirae Asset Global ETFs Holdings Ltd.163,242$12.2M0.02%−6,810−4.0%Reduced
LPL Financial LLC157,375$11.7M0.00%−8,941−5.4%Reduced
D. E. Shaw & Co., Inc.155,540$11.6M0.01%−134,228−46.3%Reduced
Ogborne Capital Management, LLC150,000$11.2M3.68%−250,000−62.5%Reduced
Abdiel Capital Advisors, LP144,046$10.7M15.11%−815,536−85.0%Reduced
New York State Common Retirement Fund143,415$10.7M0.01%+8,400+6.2%Added
Korea Investment CORP140,254$10.4M0.02%+42,836+44.0%Added
Zurcher Kantonalbank (Zurich Cantonalbank)139,083$10.4M0.02%+74,081+114.0%Added
Zacks Investment Management138,574$10.3M0.08%+85,854+162.8%Added
Agf Management Ltd137,948$10.3M0.04%−4,173−2.9%Reduced
State of Wisconsin Investment Board136,376$10.2M0.02%−28,946−17.5%Reduced
Teachers Retirement System of the State of Kentucky135,852$10.1M0.08%−4,025−2.9%Reduced
Landscape Capital Management, L.L.C.134,385$10.0M0.67%−18,066−11.9%Reduced
Woodson Capital Management, LP130,000$9.68M1.49%+130,000New
Aquatic Capital Management LLC128,711$9.58M0.27%−20,277−13.6%Reduced
Ilex Capital Partners (UK) LLP128,675$9.58M0.27%+128,675New
Susquehanna Portfolio Strategies, LLC128,560$9.57M0.15%00.0%Unchanged
Catalyst Private Wealth, LLC126,211$9.39M4.10%−2,534−2.0%Reduced
Elyxium Wealth, LLC123,827$9.22M2.56%+7,828+6.7%Added
Gotham Asset Management, LLC122,915$9.15M0.03%−2,212−1.8%Reduced
Allen Investment Management LLC116,683$8.68M0.10%00.0%Unchanged
Mitsubishi UFJ Trust & Banking Corp116,451$8.67M0.02%+8,061+7.4%Added
Police & Firemen's Retirement System of New Jersey116,330$8.66M0.07%−2,477−2.1%Reduced
AQR Capital Management LLC115,670$8.61M0.00%−229,944−66.5%Reduced
Treasurer of the State of North Carolina115,160$8.57M0.03%−5,472−4.5%Reduced
Optiver Holding B.V.114,987$8.56M0.15%−33,300−22.5%Reduced
Walleye Capital LLC114,090$8.49M0.05%+11,805+11.5%Added
Danske Bank A/S113,900$8.48M0.02%+21,900+23.8%Added
Paloma Partners Management Co110,002$8.19M2.81%+24,915+29.3%Added
PFA Pension, Forsikringsaktieselskab106,844$8.10M0.02%+106,844New
Jain Global LLC108,366$8.07M0.08%+42,115+63.6%Added
Pictet Asset Management Holding SA106,793$7.95M0.01%+9,766+10.1%Added
Omega Financial Group, LLC103,627$7.71M2.57%−2,000−1.9%Reduced
a16z Perennial Management, L.P.103,220$7.68M0.61%+89,960+678.4%Added
Asset Management One Co.,Ltd.101,420$7.66M0.02%+426+0.4%Added
Great Lakes Advisors, LLC102,370$7.62M0.06%−40,165−28.2%Reduced
KLP Kapitalforvaltning AS98,700$7.35M0.03%00.0%Unchanged
Russell Investments Group, Ltd.97,531$7.26M0.01%+7,701+8.6%Added
Victory Capital Management Inc95,986$7.14M0.00%+12,626+15.1%Added
State of New Jersey Common Pension Fund D94,804$7.06M0.03%−717−0.8%Reduced
Verition Fund Management LLC93,923$6.99M0.04%−116,726−55.4%Reduced
Lansforsakringar Fondforvaltning AB (publ)89,095$6.63M0.03%+89,095New
HSBC Holdings PLC88,341$6.59M0.00%−8,415−8.7%Reduced
Q Fund Management (Hong Kong) Ltd86,200$6.42M6.02%+86,200New
Jefferies Financial Group Inc.86,140$6.41M0.05%−85,129−49.7%Reduced
RJA Asset Management LLC85,500$6.36M2.25%00.0%Unchanged
Maytus Capital Management, LLC85,000$6.33M1.50%+14,000+19.7%Added
Public Employees Retirement System of Ohio82,729$6.16M0.02%−1,096−1.3%Reduced
Winton Group Ltd82,304$6.13M0.21%+82,304New
Nomura Asset Management Co Ltd80,120$5.96M0.02%00.0%Unchanged
Ensign Peak Advisors, Inc77,180$5.74M0.01%+9,256+13.6%Added
Resona Asset Management Co.,Ltd.76,300$5.69M0.03%−5,788−7.1%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH75,555$5.67M0.01%+14,847+24.5%Added
Nomura Asset Management International Inc.75,609$5.63M0.01%+75,609New
Ambassador Advisors, LLC75,311$5.61M0.82%+1,953+2.7%Added
BI Asset Management Fondsmaeglerselskab A/S74,614$5.55M0.05%+74,614New
Arizona State Retirement System74,327$5.53M0.03%−5,687−7.1%Reduced
Handelsbanken Fonder AB72,200$5.37M0.02%+5,000+7.4%Added
Andra AP-fonden72,000$5.36M0.07%−41,600−36.6%Reduced
Alberta Investment Management Corp70,900$5.28M0.03%+70,900New
Forsta Ap-Fonden70,300$5.23M0.03%−22,900−24.6%Reduced
Robeco Institutional Asset Management B.V.70,000$5.21M0.01%+70,000New
Ballentine Partners, LLC69,765$5.19M0.07%−1,711−2.4%Reduced
Liberty Mutual Group Asset Management Inc.69,374$5.16M0.49%00.0%Unchanged
G2 Investment Partners Management LLC66,892$4.98M1.19%−53,567−44.5%Reduced
Maverick Capital LtdSuperinvestorMaverick Capital66,024$4.91M0.05%+17,914+37.2%Added
Capelight Capital Asset Management LP66,000$4.91M4.87%+66,000New
Clear Street Group Inc.63,478$4.72M0.02%+18,908+42.4%Added
Ardmore Road Asset Management LP63,186$4.70M0.36%−136,814−68.4%Reduced
Two Sigma Investments, LP62,069$4.62M0.01%00.0%Unchanged
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund62,000$4.61M0.04%−100−0.2%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.61,236$4.56M0.01%+50,065+448.2%Added
Sumitomo Life Insurance Co61,100$4.55M0.12%+61,100New
Dark Forest Capital Management LP60,668$4.52M0.21%+45,792+307.8%Added
Truist Financial Corp59,825$4.45M0.01%+15,469+34.9%Added
Cetera Investment Advisers59,486$4.43M0.00%−2,645−4.3%Reduced
Advisor Group Holdings, Inc.59,293$4.41M0.01%−16,130−21.4%Reduced
Osmosis Investment Management UK Ltd56,803$4.23M0.11%+56,803New
NLB Skladi, upravljanje premozenja, d.o.o.55,974$4.17M0.19%+55,974New
Liontrust Investment Partners LLP54,743$4.07M0.06%−646−1.2%Reduced
Skandinaviska Enskilda Banken AB (publ)52,441$3.90M0.02%−659−1.2%Reduced
Baird Financial Group, Inc.51,794$3.86M0.01%+5,338+11.5%Added
IFM Investors Pty Ltd50,811$3.78M0.03%+132+0.3%Added
DnB Asset Management AS50,782$3.78M0.01%00.0%Unchanged
Toronto Dominion Bank48,936$3.64M0.01%+6,703+15.9%Added
Millennium Management LLC48,735$3.63M0.00%−262,336−84.3%Reduced
SBI Securities Co., Ltd.48,504$3.61M0.09%+22,054+83.4%Added
Neo Ivy Capital Management48,042$3.58M0.56%+5,192+12.1%Added
Atomi Financial Group, Inc.47,992$3.57M0.11%−1,668−3.4%Reduced
British Columbia Investment Management Corp47,934$3.57M0.02%+9,455+24.6%Added
Xponance, Inc.47,223$3.51M0.03%+2,262+5.0%Added
TD Asset Management Inc47,016$3.50M0.00%+2,547+5.7%Added
Osterweis Capital Management Inc46,209$3.44M0.15%−17,310−27.3%Reduced
Panoramic Capital, LLC45,377$3.38M1.93%−12,778−22.0%Reduced
Twin Tree Management, LP45,143$3.36M0.34%−57,334−55.9%Reduced
Militia Capital Partners, LP43,943$3.27M1.23%+32,743+292.3%Added
Mount Vernon Associates Inc42,925$3.19M2.15%+200+0.5%Added
Caisse de Depot Et Placement du Quebec41,500$3.09M0.01%+24,055+137.9%Added