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Inspire Medical Systems, Inc.

INSP
Exchange
NYSE
Industry
Surgical & Medical Instruments & Apparatus
SEC CIK
0001609550

In the last 90 days, Inspire Medical Systems, Inc. insiders filed 0 open-market purchases and 1 sale; 275 institutions reported holding it in 13F filings for Q2 2026, worth $1.65B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Inspire Medical Systems, 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
343
+24 vs. Q3 2025
Shares held
33.9M
+2.96M (+9.6%) vs. Q3 2025
Total value
$3.12B
+$828.8M (+36.1%) vs. Q3 2025
New holders
93
114 more added
Sold out
69
114 more reduced

6 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 INSP 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: 343 institutions
Q1 2021: 251 institutionsQ2 2021: 248 institutionsQ3 2021: 254 institutionsQ4 2021: 289 institutionsQ1 2022: 299 institutionsQ2 2022: 287 institutionsQ3 2022: 301 institutionsQ4 2022: 340 institutionsQ1 2023: 374 institutionsQ2 2023: 407 institutionsQ3 2023: 365 institutionsQ4 2023: 343 institutionsQ1 2024: 327 institutionsQ2 2024: 325 institutionsQ3 2024: 347 institutionsQ4 2024: 357 institutionsQ1 2025: 363 institutionsQ2 2025: 356 institutionsQ3 2025: 325 institutionsQ4 2025: 343 institutionsQ1 2026: 301 institutionsQ2 2026: 275 institutions
Value heldQ4 2025: $3.12B
Q1 2021: $5.21BQ2 2021: $4.83BQ3 2021: $5.91BQ4 2021: $5.95BQ1 2022: $6.92BQ2 2022: $5.01BQ3 2022: $5.01BQ4 2022: $7.11BQ1 2023: $6.68BQ2 2023: $9.11BQ3 2023: $5.65BQ4 2023: $6.31BQ1 2024: $6.83BQ2 2024: $4.23BQ3 2024: $7.03BQ4 2024: $6.20BQ1 2025: $5.46BQ2 2025: $4.39BQ3 2025: $2.31BQ4 2025: $3.12BQ1 2026: $1.80BQ2 2026: $1.65B
Institutions holding INSP and their total value by quarter
QuarterHoldersValue
Q2 2026275$1.65B
Q1 2026301$1.80B
Q4 2025343$3.12B
Q3 2025325$2.31B
Q2 2025356$4.39B
Q1 2025363$5.46B
Q4 2024357$6.20B
Q3 2024347$7.03B
Q2 2024325$4.23B
Q1 2024327$6.83B
Q4 2023343$6.31B
Q3 2023365$5.65B
Q2 2023407$9.11B
Q1 2023374$6.68B
Q4 2022340$7.11B
Q3 2022301$5.01B
Q2 2022287$5.01B
Q1 2022299$6.92B
Q4 2021289$5.95B
Q3 2021254$5.91B
Q2 2021248$4.83B
Q1 2021251$5.21B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Inspire Medical Systems, Inc.; share changes are against Q3 2025.

Institutions holding INSP in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Voya Investment Management LLC32,549$3.00M0.00%−3,277−9.1%Reduced
State of Wisconsin Investment Board31,469$2.90M0.01%−41,635−57.0%Reduced
Teachers Retirement System of the State of Kentucky31,069$2.87M0.02%−15,297−33.0%Reduced
Alliancebernstein L.P.30,636$2.83M0.00%+23,863+352.3%Added
Raymond James Financial Inc30,622$2.82M0.00%+30,622New
State Board of Administration of Florida Retirement System29,990$2.77M0.00%−950−3.1%Reduced
Thrivent Financial for Lutherans27,276$2.52M0.00%+7,861+40.5%Added
AQR Capital Management LLC27,040$2.49M0.00%−22,377−45.3%Reduced
California State Teachers Retirement System26,186$2.42M0.00%−117−0.4%Reduced
Thornburg Investment Management Inc25,197$2.32M0.03%+4,833+23.7%Added
Moore Capital Management, LP25,096$2.31M0.05%+25,096New
Polar Asset Management Partners Inc.25,000$2.31M0.05%+25,000New
Schonfeld Strategic Advisors LLC24,947$2.30M0.01%+19,794+384.1%Added
Banque Pictet & Cie SA24,474$2.26M0.02%+21,747+797.5%Added
TD Asset Management Inc23,800$2.20M0.00%+23,800New
Prudential Financial Inc23,675$2.18M0.00%−1,155−4.7%Reduced
Acadian Asset Management LLC23,415$2.15M0.00%+6,769+40.7%Added
Great West Life Assurance Co22,993$2.12M0.00%00.0%Unchanged
Manufacturers Life Insurance Company, The21,940$2.03M0.00%+16,693+318.1%Added
Baird Financial Group, Inc.21,910$2.02M0.00%−3,239−12.9%Reduced
Landscape Capital Management, L.L.C.21,855$2.02M0.14%+3,567+19.5%Added
New York State Teachers Retirement System21,595$1.99M0.00%+505+2.4%Added
Aquatic Capital Management LLC21,535$1.99M0.06%−15,523−41.9%Reduced
Comerica Bank21,093$1.95M0.01%+6,699+46.5%Added
Engineers Gate Manager LP19,204$1.77M0.02%+16,262+552.8%Added
Jump Financial, LLC18,636$1.72M0.02%+7,643+69.5%Added
Edgestream Partners, L.P.17,953$1.66M0.05%−5,003−21.8%Reduced
Envestnet Asset Management Inc16,453$1.52M0.00%+4,335+35.8%Added
Exit Wealth Advisors, LLC.16,230$1.50M0.88%+16,230New
Gilder Gagnon Howe & Co LLC15,241$1.41M0.01%−2,359−13.4%Reduced
State of Alaska, Department of Revenue15,096$1.39M0.01%−99−0.7%Reduced
ADAR1 Capital Management, LLC15,000$1.38M0.10%+9,000+150.0%Added
Parkman Healthcare Partners LLC15,000$1.38M0.13%+15,000New
Omers Administration Corp14,553$1.34M0.01%+14,553New
FORA Capital, LLC14,266$1.32M0.16%+5,338+59.8%Added
LPL Financial LLC13,992$1.29M0.00%+2,797+25.0%Added
Dynamic Technology Lab Private Ltd13,883$1.28M0.29%+9,605+224.5%Added
State of Tennessee, Treasury Department16,697$1.27M0.00%−600−3.5%Reduced
Congress Asset Management Co13,067$1.21M0.01%−434−3.2%Reduced
Quantinno Capital Management LP13,048$1.20M0.00%+1,268+10.8%Added
Cambridge Investment Research Advisors, Inc.12,592$1.16M0.00%+12,592New
Louisiana State Employees Retirement System12,100$1.12M0.02%−300−2.4%Reduced
Police & Firemen's Retirement System of New Jersey11,823$1.09M0.01%−709−5.7%Reduced
Treasurer of the State of North Carolina11,342$1.05M0.00%−1,518−11.8%Reduced
Victory Capital Management Inc11,322$1.04M0.00%−11,845−51.1%Reduced
Nordea Investment Management AB11,388$1.04M0.00%−1,236−9.8%Reduced
Russell Investments Group, Ltd.11,171$1.03M0.00%+4,870+77.3%Added
Verition Fund Management LLC11,106$1.02M0.01%−60,589−84.5%Reduced
Lecap Asset Management Ltd11,010$1.02M0.40%+11,010New
Royal Bank of Canada10,984$1.01M0.00%−2,928−21.0%Reduced
Advisor Group Holdings, Inc.10,875$1.00M0.00%−3,180−22.6%Reduced
Brevan Howard Capital Management LP10,785$994.7K0.02%−2,442−18.5%Reduced
Handelsbanken Fonder AB9,800$904.0K0.00%+1,900+24.1%Added
Mirae Asset Global ETFs Holdings Ltd.9,423$869.1K0.00%−2,667−22.1%Reduced
Amalgamated Bank9,270$855.0K0.01%+58+0.6%Added
Zurcher Kantonalbank (Zurich Cantonalbank)9,265$854.5K0.00%+507+5.8%Added
Hilltop Holdings Inc.9,244$852.6K0.05%+9,244New
Campbell & CO Investment Adviser LLC9,220$850.4K0.04%+6,480+236.5%Added
Gsa Capital Partners LLP9,215$850.0K0.07%+9,215New
Dark Forest Capital Management LP9,156$844.5K0.04%+9,156New
Palo Alto Investors LP8,772$809.0K0.11%+8,772New
DAFNA Capital Management LLC8,600$793.2K0.18%−8,600−50.0%Reduced
Diversified Trust Co8,432$777.7K0.01%+592+7.6%Added
Creative Planning8,171$753.6K0.00%+5,007+158.2%Added
Public Employees Retirement System of Ohio8,145$751.2K0.00%−791−8.9%Reduced
Leonteq Securities AG7,939$732.2K0.04%+3,098+64.0%Added
Arizona State Retirement System7,860$724.9K0.00%−432−5.2%Reduced
Entropy Technologies, LP7,624$703.2K0.04%+7,624New
HighTower Advisors, LLC7,543$695.7K0.00%+7,543New
Yousif Capital Management, LLC7,329$692.2K0.01%−1,159−13.7%Reduced
Oak Thistle LLC7,293$672.6K0.09%+7,293New
Worldquant Millennium Advisors LLC7,204$664.4K0.00%+7,204New
Sectoral Asset Management Inc7,200$664.1K0.53%+7,200New
Everhart Financial Group, Inc.7,013$646.8K0.06%+7,013New
Squarepoint Ops LLC6,822$629.2K0.00%−16,322−70.5%Reduced
Marex Group plc6,550$604.1K0.01%−1,901−22.5%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys6,546$603.7K0.00%−308−4.5%Reduced
Intech Investment Management LLC6,220$573.7K0.01%−2,281−26.8%Reduced
Two Sigma Advisers, LP6,200$571.8K0.00%−13,800−69.0%Reduced
Oregon Public Employees Retirement Fund6,062$559.1K0.01%−10−0.2%Reduced
KLP Kapitalforvaltning AS6,000$553.4K0.00%+400+7.1%Added
Bessemer Group Inc5,707$527.0K0.00%−1,369−19.3%Reduced
Virtu Financial LLC5,712$527.0K0.02%+1,639+40.2%Added
Rockefeller Capital Management L.P.5,712$526.8K0.00%+739+14.9%Added
Cetera Investment Advisers5,621$518.4K0.00%+5,621New
Counterpoint Mutual Funds LLC5,488$506.2K0.04%+1,267+30.0%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.5,436$501.6K0.00%+1,640+43.2%Added
Maryland State Retirement & Pension System5,238$483.1K0.01%00.0%Unchanged
Sanctuary Advisors, LLC5,216$481.1K0.00%+5,216New
Commonwealth Equity Services, LLC4,893$451.3K0.00%−903−15.6%Reduced
Concurrent Investment Advisors, LLC4,815$444.1K0.01%+1,647+52.0%Added
PDT Partners, LLC4,800$442.7K0.03%+4,800New
Blair William & Co4,732$436.4K0.00%−133−2.7%Reduced
M&T Bank Corp4,708$434.1K0.00%+4,708New
Wells Fargo & Company4,706$434.0K0.00%−5,612−54.4%Reduced
Guggenheim Capital LLC4,665$430.3K0.00%+4,665New
RSM US Wealth Management LLC4,463$413.1K0.01%+4,463New
Pictet Asset Management Holding SA4,476$412.8K0.00%00.0%Unchanged
Vestmark Advisory Solutions, Inc.4,438$409.3K0.01%+4,438New
Janney Montgomery Scott LLC4,376$404.0K0.00%+4,376New