FNY Investment Advisers, LLC

Hedge Fund • Multi-Strategy

FNY Investment Advisers, LLC is a Multi-Strategy Hedge Fund based in New York, NY led by Donald Eric Motschwiller, reporting $3.1B in AUM as of Q3 2025 with 31% Technology concentration.

CEODonald Eric Motschwiller

Portfolio Value: $240.0M
Positions: 786
Top Holding: NVDA at 3.2%
Last Reported: Q3 2025

Address1540 Broadway, Suite 1600, New York, NY, 10036, United States

Top Holdings

Largest long holdings in FNY Investment Advisers, LLC's portfolio (16.5% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Nvidia NVDA	Semiconductors Technology	$7.7M	3.20%	+$2.2M Bought	0.00% 41.2K shares	Q2 2024 Held for 1y 6m
2 UnitedHealth Group UNH	Medical - Healthcare Plans Healthcare	$5.4M	2.25%	+$3.7M Bought	0.00% 15.7K shares	Q2 2025 Held for 6 months
3 Codere Online Luxembourg CDRO	Gambling, Resorts & Casinos Consumer Cyclical	$4.6M	1.93%	+$797.5K Bought	1.47% 671.0K shares	Q1 2024 Held for 1y 9m
4 iShares 20+ Year Treasury Bond TLT	ETF ETF	$4.5M	1.86%	+$2.8M Bought	— 50.0K shares	Q4 2024 Held for 1 year
5 Microsoft MSFT	Software - Infrastructure Technology	$3.9M	1.62%	+$1.6M Bought	0.00% 7.5K shares	Q4 2022 Held for 3 years
6 CCCX Churchill Capital Corp X Class A Ordinary Shares CCCX	Unknown Unknown	$3.0M	1.24%	+$3.0M New	0.45% 231.7K shares	Q3 2025 Held for 3 months
7 Seagate Technology Holdings PLC STX	Computer Hardware Technology	$2.8M	1.16%	+$648.9K Bought	0.01% 11.8K shares	Q1 2025 Held for 9 months
8 Sigma Lithium Corporation SGML	Industrial Materials Basic Materials	$2.7M	1.13%	+$2.7M Bought	0.38% 422.1K shares	Q3 2025 Held for 3 months
9 Boeing BA	Aerospace & Defense Industrials	$2.5M	1.04%	+$1.3M Bought	0.00% 11.6K shares	Q2 2023 Held for 2y 6m
10 Vanguard Total Stock Market VTI	ETF ETF	$2.5M	1.03%	+$2.5M Bought	— 7.5K shares	Q3 2025 Held for 3 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in FNY Investment Advisers, LLC's latest filing

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Market Value

$240.0M

Prior: $193.6M

Q/Q Change

+23.96%

+$46.4M

Net Flows % of MV

-7.05%

Turnover Ratio

50.9%

New Purchases

200 stocks

$30.1M

Added To

185 stocks

+$65.0M

Sold Out Of

250 stocks

$57.0M

Reduced Holdings

197 stocks

-$54.9M

Increased Positions

Position	Shares Δ	Change
1 CCCX Churchill Capital Corp X Class A Ordinary Shares CCCX	New	0 → 231.7K +$3.0M
2 WLAC Willow Lane Acquisition Corp. Class A Ordinary Shares WLAC	New	0 → 192.9K +$2.2M
3 ProCap Acquisition Corp Class A Ordinary Shares PCAP	New	0 → 186.2K +$1.9M
4 ALLETE ALE	New	0 → 28.5K +$1.9M
5 MBAV M3-Brigade Acquisition V Corp. MBAV	New	0 → 158.5K +$1.7M

Decreased Positions

Position	Shares Δ	Change
1 Blueprint Medicines BPMC	Sold	41.1K → 0 −$5.3M
2 Juniper Networks JNPR	Sold	105.4K → 0 −$3.9M
3 Cohen Circle Acquisition Corp. CCIR	Sold	314.9K → 0 −$3.5M
4 Ansys ANSS	Sold	8.8K → 0 −$3.1M
5 Enstar Group ESGR	Sold	7.8K → 0 −$2.6M

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Analytics

Portfolio insights and performance metrics for FNY Investment Advisers, LLC

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Sector Allocation

Technology

30.90%

ETF

10.80%

Industrials

8.50%

Healthcare

8.20%

Consumer Cyclical

7.50%

Financial Services

5.10%

Basic Materials

4.90%

Communication Services

4.80%

Energy

3.30%

Consumer Defensive

2.80%

Utilities

2.20%

Real Estate

1.20%

Market Cap Distribution

Mega Cap (> $200B)

17.87%

Large Cap ($10B - $200B)

34.98%

Mid Cap ($2B - $10B)

13.08%

Small Cap ($300M - $2B)

16.41%

Micro Cap ($50M - $300M)

5.32%

Nano Cap (< $50M)

1.53%

N/A (ETF or Unknown)

10.81%

Portfolio Concentration

Top 10 Holdings %

16.46%

Top 20 Holdings %

25.54%

Top 50 Holdings %

45.8%

Top 100 Holdings %

67.78%