Figma

FIG • XNYS

Figma is a software - application company in the technology sector on XNYS, led by Dylan Field, with a market cap of $19.2B. As of Q3 2025, 39% of shares are held by 233 institutional investors, with Index Venture Associates VI Ltd as the largest holder at 11.77%.

Chair of our Board of Directors, Chief Executive Officer, and PresidentDylan Field

Market Cap$19.2B

Software - Application

Technology

Overview

Overview of institutional ownership in FIG as of Q3 2025 with a market cap of $25.4B

All Institutions

Institutions: 233
Value Held: $10.0B
Shares Held: 192.5M
Avg Position: $42.8M
Median Position: $711.2K

Hedge Funds

Hedge Funds: 39
Value Held: $1.0B
Shares Held: 19.6M
Avg Position: $26.1M
Median Position: $3.6M

Ownership Breakdown

Institutional (non-HF)

35.29%

$9.0B

Hedge Funds

4.0%

$1.0B

Retail & Other

60.7%

$15.4B

Based on market cap of $25.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FIG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
I Index Venture Associates VI Ltd Institution	-	$3.0B 61.59% of portfolio	11.77% 57.7M shares	Q3 2025 Held for 2 months	$4.9B
S SC US , LTD. Institution	-	$1.3B 8.15% of portfolio	5.16% 25.3M shares	Q3 2025 Held for 2 months	$16.1B
ICONIQ Capital, LLC Family Office	Kevin Noel Foster Managing Partner	$1.1B 13.79% of portfolio	4.36% 21.4M shares	Q3 2025 Held for 2 months	$8.0B
A AH Capital Management, L.L.C. Institution	-	$842.7M 60.48% of portfolio	3.32% 16.2M shares	Q3 2025 Held for 2 months	$1.4B
FMR LLC Institution	-	$393.7M 0.02% of portfolio	1.55% 7.6M shares	Q3 2025 Held for 2 months	$1.92T
Durable Capital Partners LP Hedge Fund•Long/Short	Henry Martin Ellenbogen CIO	$278.5M 2.06% of portfolio	1.10% 5.4M shares	Q3 2025 Held for 2 months	$13.5B
Thrive Capital Management, LLC Venture Capital	Joshua Kushner CEO	$228.0M 47.49% of portfolio	0.90% 4.4M shares	Q3 2025 Held for 2 months	$480.2M
GREENOAKS CAPITAL PARTNERS LLC Venture Capital	Benjamin Scott Peretz Managing Partner	$214.4M 6.99% of portfolio	0.84% 4.1M shares	Q3 2025 Held for 2 months	$3.1B
SCHF , LLC Fund of Funds	Keith Bryon Johnson CEO	$203.2M 28.71% of portfolio	0.80% 3.9M shares	Q3 2025 Held for 2 months	$707.7M
C COATUE MANAGEMENT LLC Hedge Fund•Multi-Strategy	Thomas Jerome Laffont Founder	$167.7M 0.41% of portfolio	0.66% 3.2M shares	Q3 2025 Held for 2 months	$40.8B

Net Capital Flow

Institutional buying and selling activity for FIG in Q3 2025

Net Flow: +$160.1M
Buyers: 6
Sellers: 0
Total Bought: +$160.1M
Total Sold: −-
Avg Position: $26.7M

Biggest Buyers

Institution	Net Bought	Current Position
MORGAN STANLEY RIA/Wealth	+$107.4M +2.1M shares	$107.4M 2.1M shares
UBS Group AG Institution	+$31.2M +602.5K shares	$31.2M 602.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$16.9M +325.0K shares	$16.9M 325.0K shares
J JANE STREET GROUP, LLC Institution	+$2.3M +43.9K shares	$2.3M 43.9K shares
R ROYAL BANK OF CANADA Institution	+$2.0M +37.6K shares	$2.0M 37.6K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	+$358.9K +6.9K shares	$358.9K 6.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
No sellers found

Entry and Exit Activity

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

New Positions: 217
New Value: $9.3B
Exited Positions: 0
Exited Value: -

New Positions

Institution	Position Value
I Index Venture Associates VI Ltd Institution	$3.0B 57.7M shares
S SC US , LTD. Institution	$1.3B 25.3M shares
ICONIQ Capital, LLC Family Office	$1.1B 21.4M shares
A AH Capital Management, L.L.C. Institution	$842.7M 16.2M shares
Durable Capital Partners LP Hedge Fund•Long/Short	$278.5M 5.4M shares
Thrive Capital Management, LLC Venture Capital	$228.0M 4.4M shares
GREENOAKS CAPITAL PARTNERS LLC Venture Capital	$214.4M 4.1M shares
SCHF , LLC Fund of Funds	$203.2M 3.9M shares
C COATUE MANAGEMENT LLC Hedge Fund•Multi-Strategy	$167.7M 3.2M shares
JPMORGAN CHASE & CO Institution	$155.1M 3.0M shares

Exited Positions

Institution	Previous Position
No exited positions found

Options Activity

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

Call Positions: 15
Call Value: $434.9M
Put Positions: 16
Put Value: $454.3M

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$152.8M 29.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$108.2M 20.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$81.6M 15.7K contracts
GOLDMAN SACHS GROUP INC Institution	$36.3M 7.0K contracts
W WOLVERINE TRADING, LLC Institution	$16.4M 3.1K contracts
P PEAK6 LLC Institution	$13.3M 2.6K contracts
BANK OF AMERICA CORP /DE/ Institution	$7.8M 1.5K contracts
L LMR Partners LLP Institution	$7.1M 1.4K contracts
UBS Group AG Institution	$4.5M 864.7 contracts
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	$2.6M 500.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$111.5M 21.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$92.0M 17.7K contracts
J JANE STREET GROUP, LLC Institution	$72.8M 14.0K contracts
T Toroso Investments, LLC ETF Provider	$62.2M 12.0K contracts
BANK OF AMERICA CORP /DE/ Institution	$34.7M 6.7K contracts
GOLDMAN SACHS GROUP INC Institution	$33.0M 6.4K contracts
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	$11.4M 2.2K contracts
W WOLVERINE TRADING, LLC Institution	$11.0M 2.1K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$10.0M 1.9K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$5.8M 1.1K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F Founders Fund VI Management, LLC Institution	-	99.95% $96.4M	0.38% 1.9M shares	Q3 2025 Held for 2 months	$96.4M
I Index Venture Associates VI Ltd Institution	-	61.59% $3.0B	11.77% 57.7M shares	Q3 2025 Held for 2 months	$4.9B
A AH Capital Management, L.L.C. Institution	-	60.48% $842.7M	3.32% 16.2M shares	Q3 2025 Held for 2 months	$1.4B
F Founders Fund Growth Management, LLC Institution	-	52.95% $39.9M	0.16% 768.9K shares	Q3 2025 Held for 2 months	$75.3M
Thrive Capital Management, LLC Venture Capital	Joshua Kushner CEO	47.49% $228.0M	0.90% 4.4M shares	Q3 2025 Held for 2 months	$480.2M
I Index Venture Growth Associates IV Ltd Institution	-	43.53% $133.1M	0.52% 2.6M shares	Q3 2025 Held for 2 months	$305.7M
SCHF , LLC Fund of Funds	Keith Bryon Johnson CEO	28.71% $203.2M	0.80% 3.9M shares	Q3 2025 Held for 2 months	$707.7M
ICONIQ Capital, LLC Family Office	Kevin Noel Foster Managing Partner	13.79% $1.1B	4.36% 21.4M shares	Q3 2025 Held for 2 months	$8.0B
S SC US , LTD. Institution	-	8.15% $1.3B	5.16% 25.3M shares	Q3 2025 Held for 2 months	$16.1B
GREENOAKS CAPITAL PARTNERS LLC Venture Capital	Benjamin Scott Peretz Managing Partner	6.99% $214.4M	0.84% 4.1M shares	Q3 2025 Held for 2 months	$3.1B

Hedge Fund Spotlight

Discover hedge funds investing in FIG

INFINITUM ASSET MANAGEMENT, LLC

Hedge Fund • Long/Short

Portfolio ManagerJohn Y Yetimoglu

Portfolio Value: $543.8M
Positions: 20
Last Reported: Q3 2025

Sector Allocation

Position in Figma

Market Value: $20.7M
Shares Held: 400.0K
Portfolio Weight: 3.82%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Sea Limited SE	Unknown Unknown	$90.8M	16.70%
2 ArriVent BioPharma, Inc. AVBP	Biotechnology Healthcare	$71.4M	13.13%
3 Unity Software U	Software - Application Technology	$56.1M	10.31%