Fidus Investment

FDUS • NASDAQ

Fidus Investment is a asset management company in the financial services sector on NASDAQ, led by Edward X. Tune, with a market cap of $732.6M. As of Q3 2025, 27% of shares are held by 128 institutional investors, with VAN ECK ASSOCIATES CORP as the largest holder at 2.55%.

Chief Executive OfficerEdward X. Tune

Market Cap$732.6M

Asset Management

Financial Services

Websitefdus.com

Country

United States of America

Overview

Overview of institutional ownership in FDUS as of Q3 2025 with a market cap of $716.8M

All Institutions

Institutions: 128
Value Held: $193.8M
Shares Held: 9.6M
Avg Position: $1.5M
Median Position: $456.1K

Hedge Funds

Hedge Funds: 7
Value Held: $9.9M
Shares Held: 487.2K
Avg Position: $1.4M
Median Position: $1.0M

Ownership Breakdown

Institutional (non-HF)

25.66%

$184.0M

Hedge Funds

1.38%

$9.9M

Retail & Other

72.96%

$523.0M

Based on market cap of $716.8M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FDUS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VAN ECK ASSOCIATES CORP ETF Provider	Jan Frederick Vaneck CEO	$18.3M 0.02% of portfolio	2.55% 903.4K shares	Q1 2017 Held for 8y 8m	$96.6B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$15.7M 0.01% of portfolio	2.19% 775.6K shares	Q4 2024 Held for 11 months	$310.43B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$10.1M 0.00% of portfolio	1.41% 497.9K shares	Q4 2023 Held for 1y 11m	$633.08B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$9.2M 0.01% of portfolio	1.28% 451.9K shares	Q3 2023 Held for 2y 2m	$85.4B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$8.9M 0.00% of portfolio	1.24% 439.9K shares	Q3 2023 Held for 2y 2m	$341.99B
Columbus Macro, LLC Long Only Manager	Craig Edward Columbus CEO	$8.1M 0.93% of portfolio	1.13% 401.5K shares	Q4 2024 Held for 11 months	$873.6M
UBS Group AG Institution	Sergio P. Ermotti CEO	$7.6M 0.00% of portfolio	1.06% 375.7K shares	Q4 2014 Held for 10y 11m	$511.54B
Baird Financial Group, Inc. Private Equity	Paul Lee Schultz General Counsel	$7.2M 0.01% of portfolio	1.01% 356.3K shares	Q4 2024 Held for 11 months	$62.0B
B BlackRock, Inc. Institution	-	$5.0M 0.00% of portfolio	0.70% 248.6K shares	Q1 2017 Held for 8y 8m	$5.67T
Muzinich & Co., Inc. Long Only Manager	Justin George Muzinich CEO	$5.0M 1.94% of portfolio	0.70% 247.4K shares	Q4 2014 Held for 10y 11m	$258.0M

Net Capital Flow

Institutional buying and selling activity for FDUS in Q3 2025

Traded: −$543.0M
Buyers: 66
Sellers: 44
Total Bought: +$24.9M
Total Sold: −$567.9M
Avg Position: $1.4M

Biggest Buyers

Institution	Net Bought	Current Position
Cetera Investment Advisers RIA/Wealth	+$1.7M +81.6K shares	$9.2M 451.9K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$1.6M +80.5K shares	$8.9M 439.9K shares
Columbus Macro, LLC Long Only Manager	+$1.6M +78.9K shares	$8.1M 401.5K shares
UBS Group AG Institution	+$1.6M +77.3K shares	$7.6M 375.7K shares
Marshall Wace LLP Institution	+$1.3M +64.9K shares	$1.3M 64.9K shares
Muzinich & Co., Inc. Long Only Manager	+$1.2M +57.2K shares	$5.0M 247.4K shares
S Sumitomo Mitsui Trust Holdings, Inc. Institution	+$1.2M +56.8K shares	$4.2M 209.2K shares
VAN ECK ASSOCIATES CORP ETF Provider	+$1.1M +56.4K shares	$18.3M 903.4K shares
ROCKLAND TRUST CO Private Equity	+$1.1M +55.9K shares	$1.1M 55.9K shares
B BlackRock, Inc. Institution	+$1.1M +55.5K shares	$5.0M 248.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$553.7M −27.4M shares	Sold Off 0 shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$5.8M −284.4K shares	$1.9M 96.2K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$1.4M −67.2K shares	$4.5M 220.7K shares
H HRT FINANCIAL LLC Institution	−$1.1M −54.1K shares	Sold Off 0 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$772.5K −38.1K shares	$15.7M 775.6K shares
M MQS Management LLC Hedge Fund•Global Macro	−$739.0K −36.6K shares	Sold Off 0 shares
L Laurel Wealth Advisors LLC RIA/Wealth	−$641.5K −31.8K shares	Sold Off 0 shares
Trexquant Investment LP Hedge Fund•Quant	−$534.5K −26.4K shares	$1.0M 50.2K shares
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	−$465.6K −23.0K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$412.4K −20.4K shares	$5.0M 247.1K shares

Entry and Exit Activity

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

New Positions: 13
New Value: $4.1M
Exited Positions: 10
Exited Value: $557.0M

New Positions

Institution	Position Value
ROCKLAND TRUST CO Private Equity	$1.1M 55.9K shares
C CAPROCK Group, Inc. Fund of Funds	$703.3K 32.7K shares
B Brevan Howard Capital Management LP Institution	$629.9K 31.1K shares
VestGen Advisors, LLC RIA/Wealth	$417.9K 20.6K shares
Monument Capital Management RIA/Wealth	$385.7K 19.0K shares
JT Stratford LLC RIA/Wealth	$304.8K 15.0K shares
Kestra Advisory Services, LLC RIA/Wealth	$234.5K 11.6K shares
S Secure Asset Management, LLC RIA/Wealth	$231.1K 11.4K shares
Union Bankshares Corp Institution	$30.4K 1.5K shares
S State of Alaska, Department of Revenue Institution	$29.0K 1.4K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$553.7M 27.4M shares
H HRT FINANCIAL LLC Institution	$1.1M 54.1K shares
M MQS Management LLC Hedge Fund•Global Macro	$739.0K 36.6K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$641.5K 31.8K shares
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	$465.6K 23.0K shares
Quantbot Technologies LLC Hedge Fund•Quant	$182.7K 9.0K shares
ATTICUS WEALTH MANAGEMENT, LLC RIA/Wealth	$77.1K 3.8K shares
MeadowBrook Investment Advisors LLC RIA/Wealth	$57.6K 2.9K shares
T Tower Research Capital LLC Institution	$14.1K 699.0 shares
Ameritas Advisory Services, LLC RIA/Wealth	$4.0K 200.0 shares

Options Activity

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

Call Positions: 2
Call Value: $883.3K
Put Positions: 1
Put Value: $281.6K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$484.2K 239.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$399.1K 197.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$281.6K 139.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Muzinich & Co., Inc. Long Only Manager	Justin George Muzinich CEO	1.94% $5.0M	0.70% 247.4K shares	Q4 2014 Held for 10y 11m	$258.0M
G GraniteShares Advisors LLC Institution	William John Grant Rhind CEO	1.70% $2.9M	0.41% 145.3K shares	Q4 2023 Held for 1y 11m	$172.8M
Columbus Macro, LLC Long Only Manager	Craig Edward Columbus CEO	0.93% $8.1M	1.13% 401.5K shares	Q4 2024 Held for 11 months	$873.6M
P Palogic Value Management, L.P. RIA/Wealth	Scott Aubrey Williams Partner	0.63% $1.5M	0.21% 72.7K shares	Q4 2022 Held for 2y 11m	$233.1M
Capital Advisory Group Advisory Services, LLC RIA/Wealth	Brett Allen Machtig Managing Partner	0.54% $1.7M	0.24% 85.0K shares	Q2 2021 Held for 4y 5m	$321.2M
D Davis Investment Partners, LLC RIA/Wealth	Victor James Davis Managing Partner	0.54% $1.6M	0.22% 77.1K shares	Q4 2022 Held for 2y 11m	$293.0M
M MGB Wealth Management, LLC RIA/Wealth	Michael Glen Bailey CCO	0.47% $1.7M	0.23% 82.1K shares	Q4 2023 Held for 1y 11m	$354.0M
Plan Group Financial, LLC RIA/Wealth	Douglas Ray Claycomb President	0.37% $1.4M	0.19% 68.7K shares	Q4 2024 Held for 11 months	$372.5M
NOVARE CAPITAL MANAGEMENT LLC RIA/Wealth	Christopher Todd Patton President	0.31% $4.0M	0.56% 199.8K shares	Q2 2017 Held for 8y 5m	$1.3B
WT Wealth Management RIA/Wealth	John Kenneth Heilner CIO	0.30% $1.0M	0.14% 51.1K shares	Q4 2022 Held for 2y 11m	$344.9M

Hedge Fund Spotlight

Discover hedge funds investing in FDUS

EAGLE GLOBAL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerJohn Fernando Gualy

Portfolio Value: $2.6B
Positions: 275
Last Reported: Q3 2025

Sector Allocation

Position in Fidus Investment

Market Value: $452.3K
Shares Held: 22.3K
Portfolio Weight: 0.02%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$273.0M	10.46%
2 Energy Transfer ET	Oil & Gas Midstream Energy	$111.0M	4.25%
3 MPLX MPLX	Oil & Gas Midstream Energy	$96.8M	3.71%