Axon Enterprise, Inc.

AXON • NASDAQ

Axon Enterprise, Inc. is a aerospace & defense company in the industrials sector on NASDAQ, led by Patrick W. Smith, with a market cap of $50.6B. As of Q3 2025, 79% of shares are held by 1,132 institutional investors, with VANGUARD GROUP INC as the largest holder at 11.86%.

CEOPatrick W. Smith

Market Cap$50.6B

Aerospace & Defense

Industrials

Employees4.3K

Websiteinvestor.axon.com

Country

United States of America

Overview

Overview of institutional ownership in AXON as of Q3 2025 with a market cap of $56.3B

All Institutions

Institutions: 1,132
Value Held: $44.6B
Shares Held: 62.2M
Avg Position: $39.4M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 71
Value Held: $1.4B
Shares Held: 2.0M
Avg Position: $20.4M
Median Position: $1.8M

Ownership Breakdown

Institutional (non-HF)

76.61%

$43.2B

Hedge Funds

2.57%

$1.4B

Retail & Other

20.83%

$11.7B

Based on market cap of $56.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AXON as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$6.7B 0.10% of portfolio	11.86% 9.3M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$5.9B 0.10% of portfolio	10.45% 8.2M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.4B 0.08% of portfolio	4.30% 3.4M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
FMR LLC Institution	-	$2.2B 0.11% of portfolio	3.84% 3.0M shares	Q3 2016 Held for 9y 3m	$1.92T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.6B 0.10% of portfolio	2.79% 2.2M shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$1.3B 0.21% of portfolio	2.32% 1.8M shares	≤ Q2 2013 Held for 12y 6m+	$633.08B
C Capital World Investors Institution	-	$1.2B 0.16% of portfolio	2.07% 1.6M shares	Q3 2024 Held for 1y 3m	$730.00B
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$1.1B 0.28% of portfolio	1.93% 1.5M shares	Q3 2019 Held for 6y 3m	$395.38B
SANDS CAPITAL MANAGEMENT, LLC Long Only Manager	Frank Melville Sands CEO	$1.0B 2.86% of portfolio	1.84% 1.4M shares	Q1 2023 Held for 2y 9m	$36.2B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$720.6M 0.04% of portfolio	1.28% 1.0M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for AXON in Q3 2025

Traded: +$599.7M
Buyers: 620
Sellers: 487
Total Bought: +$3.0B
Total Sold: −$2.4B
Avg Position: $35.4M

Biggest Buyers

Institution	Net Bought	Current Position
BlackRock, Inc. Institution	+$449.8M +626.7K shares	$5.9B 8.2M shares
VANGUARD GROUP INC Institution	+$270.5M +376.9K shares	$6.7B 9.3M shares
JENNISON ASSOCIATES LLC Long Only Manager	+$237.0M +330.2K shares	$677.4M 943.9K shares
UBS Group AG Institution	+$160.7M +223.9K shares	$418.2M 582.7K shares
STATE STREET CORP Institution	+$146.0M +203.5K shares	$2.4B 3.4M shares
Invesco Ltd. ETF Provider	+$116.2M +162.0K shares	$1.3B 1.8M shares
GOLDMAN SACHS GROUP INC Institution	+$110.0M +153.3K shares	$374.6M 522.0K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$84.7M +118.4K shares	$1.6B 2.2M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$79.5M +110.8K shares	$252.8M 352.3K shares
MORGAN STANLEY RIA/Wealth	+$74.9M +104.3K shares	$720.6M 1.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$269.0M −374.9K shares	$497.3M 692.9K shares
G GCIC Ltd. Institution	−$182.8M −254.7K shares	$202.2M 281.7K shares
C Capital World Investors Institution	−$151.9M −211.7K shares	$1.2B 1.6M shares
A AXA Institution	−$138.4M −167.2K shares	Sold Off 0 shares
A AGF MANAGEMENT LTD Institution	−$128.0M −178.4K shares	$92.8M 129.2K shares
FRANKLIN RESOURCES INC Institution	−$124.5M −173.5K shares	$1.1B 1.5M shares
SANDS CAPITAL MANAGEMENT, LLC Long Only Manager	−$121.2M −169.0K shares	$1.0B 1.4M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$94.7M −131.9K shares	$419.2M 584.1K shares
A Analog Century Management LP Hedge Fund•Long/Short	−$57.5M −69.5K shares	Sold Off 0 shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$48.5M −67.6K shares	$118.4M 165.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited AXON in Q3 2025

New Positions: 80
New Value: $135.0M
Exited Positions: 127
Exited Value: $402.7M

New Positions

Institution	Position Value
E Evergreen Quality Fund GP, Ltd. Institution	$50.2M 70.0K shares
P Parkwood LLC Institution	$27.4M 38.3K shares
A ADAMS EXPRESS CO Long Only Manager	$10.5M 14.7K shares
Ravenswood Partners LP Hedge Fund•Long/Short	$6.8M 9.5K shares
KORNITZER CAPITAL MANAGEMENT INC /KS Long Only Manager	$5.9M 8.2K shares
M MYDA Advisors LLC Hedge Fund•Long/Short	$4.6M 6.4K shares
P PKO Investment Management Joint-Stock Co RIA/Wealth	$4.1M 5.7K shares
Alaethes Wealth LLC RIA/Wealth	$2.1M 2.9K shares
C Cunning Capital Partners, LP Hedge Fund•Long/Short	$1.9M 2.6K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$1.8M 2.4K shares

Exited Positions

Institution	Previous Position
A AXA Institution	$138.4M 167.2K shares
A Analog Century Management LP Hedge Fund•Long/Short	$57.5M 69.5K shares
Q Qube Research & Technologies Ltd Institution	$44.3M 53.5K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$23.3M 28.2K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$13.8M 16.7K shares
Financial Advocates Investment Management RIA/Wealth	$12.7M 15.3K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$8.4M 10.2K shares
Laurion Capital Management LP Hedge Fund•Multi-Strategy	$8.4M 10.1K shares
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Fund of Funds	$7.4M 8.9K shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	$6.7M 8.2K shares

Options Activity

Institutions with the largest Call and Put options positions in AXON as of Q3 2025

Call Positions: 30
Call Value: $866.4M
Put Positions: 40
Put Value: $1.1B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$295.2M 4.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$146.6M 2.0K contracts
W WOLVERINE TRADING, LLC Institution	$72.6M 1.0K contracts
J JANE STREET GROUP, LLC Institution	$71.0M 989.0 contracts
P PEAK6 LLC Institution	$69.5M 969.0 contracts
UBS Group AG Institution	$47.1M 657.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$31.0M 432.0 contracts
C Cubist Systematic Strategies, LLC Institution	$30.4M 424.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$25.2M 351.0 contracts
D D. E. Shaw & Co., Inc. Institution	$20.0M 279.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$411.0M 5.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$113.1M 1.6K contracts
J JANE STREET GROUP, LLC Institution	$79.7M 1.1K contracts
C Cubist Systematic Strategies, LLC Institution	$68.2M 950.0 contracts
W WOLVERINE TRADING, LLC Institution	$62.8M 877.0 contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$49.8M 694.0 contracts
D D. E. Shaw & Co., Inc. Institution	$47.4M 660.0 contracts
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	$35.9M 500.0 contracts
P PEAK6 LLC Institution	$31.3M 436.0 contracts
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$30.6M 427.0 contracts

Most Committed Institutions

Institutions with AXON as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B BROADWOOD CAPITAL INC Hedge Fund•Multi-Strategy	Neal Clifton Bradsher President	30.10% $497.7M	0.88% 693.5K shares	Q4 2017 Held for 8 years	$1.7B
Strategy Capital LLC Hedge Fund•Long/Short	Hamilton Wright Helmer Managing Partner	20.49% $309.7M	0.55% 431.6K shares	Q1 2023 Held for 2y 9m	$1.5B
A Ampersand Capital Group, L.P. Private Equity	Nikhil Trikha Managing Partner	7.51% $16.7M	0.03% 23.2K shares	Q4 2024 Held for 1 year	$222.0M
Science & Technology Partners, L.P. Hedge Fund•Long/Short	Erika Leigh Klauer CEO	6.71% $23.6M	0.04% 32.9K shares	Q4 2024 Held for 1 year	$352.2M
Ulland Investment Advisors, LLC Long Only Manager	Nathaniel J. Beebe President	5.84% $7.6M	0.01% 10.7K shares	Q4 2021 Held for 4 years	$131.0M
SCALAR GAUGE MANAGEMENT, LLC Hedge Fund•Long/Short	Sumit Gautam CEO	5.67% $11.1M	0.02% 15.5K shares	Q3 2024 Held for 1y 3m	$196.1M
ZEVENBERGEN CAPITAL INVESTMENTS LLC Long Only Manager	Nancy Ann Zevenbergen President	5.15% $265.1M	0.47% 369.4K shares	Q2 2018 Held for 7y 6m	$5.1B
MORGENS WATERFALL VINTIADIS & CO INC Hedge Fund•Long/Short	Edwin Huffman Morgens Chairman	4.92% $7.2M	0.01% 10.0K shares	Q1 2024 Held for 1y 9m	$145.8M
4D Advisors, LLC Hedge Fund•Long/Short	Kurt F Graeber Managing Partner	4.78% $9.0M	0.02% 12.5K shares	Q4 2024 Held for 1 year	$187.8M
11 Capital Partners LP Hedge Fund•Long/Short	Jason Douglas Mcdougall CIO	4.08% $14.4M	0.03% 20.1K shares	Q4 2024 Held for 1 year	$353.1M

Hedge Fund Spotlight

Discover hedge funds investing in AXON

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,913
Last Reported: Q3 2025

Sector Allocation

Position in Axon Enterprise, Inc.

Market Value: $13.3M
Shares Held: 18.5K
Portfolio Weight: 0.04%
Owned Since: 2023-Q1

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$2.1B	5.71%
2 Apple AAPL	Consumer Electronics Technology	$1.9B	5.06%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	3.93%