FIGS

FIGS • NYSE

FIGS is a apparel - manufacturers company in the consumer cyclical sector on NYSE, led by Catherine Spear, with a market cap of $2.0B. As of Q3 2025, 89% of shares are held by 189 institutional investors, with BAMCO INC /NY/ as the largest holder at 36.71%.

Chief Executive OfficerCatherine Spear

Market Cap$2.0B

Apparel - Manufacturers

Consumer Cyclical

Employees354.0

Websitewearfigs.com

Country

United States of America

Overview

Overview of institutional ownership in FIGS as of Q3 2025 with a market cap of $1.1B

All Institutions

Institutions: 189
Value Held: $972.8M
Shares Held: 145.4M
Avg Position: $5.1M
Median Position: $297.4K

Hedge Funds

Hedge Funds: 33
Value Held: $81.5M
Shares Held: 12.2M
Avg Position: $2.5M
Median Position: $1.1M

Ownership Breakdown

Institutional (non-HF)

81.6%

$891.3M

Hedge Funds

7.46%

$81.5M

Retail & Other

10.94%

$119.5M

Based on market cap of $1.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FIGS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BAMCO INC /NY/ Long Only Manager	Ronald Stephen Baron CEO	$401.0M 1.06% of portfolio	36.71% 59.9M shares	Q2 2021 Held for 4y 5m	$37.7B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$84.7M 0.02% of portfolio	7.75% 12.7M shares	Q2 2021 Held for 4y 5m	$433.11B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$64.3M 0.00% of portfolio	5.89% 9.6M shares	Q2 2021 Held for 4y 5m	$6.69T
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$64.0M 0.04% of portfolio	5.86% 9.6M shares	Q3 2022 Held for 3y 2m	$161.58B
B BlackRock, Inc. Institution	-	$55.9M 0.00% of portfolio	5.12% 8.4M shares	Q2 2021 Held for 4y 5m	$5.67T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$29.5M 0.01% of portfolio	2.71% 4.4M shares	Q3 2022 Held for 3y 2m	$466.32B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$18.8M 0.00% of portfolio	1.72% 2.8M shares	Q3 2021 Held for 4y 2m	$1.57T
Marshall Wace LLP Institution	Diana Lj Harrison President	$17.3M 0.02% of portfolio	1.58% 2.6M shares	Q1 2023 Held for 2y 8m	$90.3B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$15.6M 0.00% of portfolio	1.43% 2.3M shares	Q3 2021 Held for 4y 2m	$2.88T
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	Bruce Ira Jacobs President	$13.2M 0.05% of portfolio	1.21% 2.0M shares	Q1 2025 Held for 8 months	$25.2B

Net Capital Flow

Institutional buying and selling activity for FIGS in Q3 2025

Traded: +$9.6M
Buyers: 97
Sellers: 79
Total Bought: +$66.6M
Total Sold: −$57.0M
Avg Position: $4.7M

Biggest Buyers

Institution	Net Bought	Current Position
A ALTA FOX CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	+$6.1M +909.3K shares	$6.1M 909.3K shares
MORGAN STANLEY RIA/Wealth	+$5.6M +838.1K shares	$10.4M 1.6M shares
Marshall Wace LLP Institution	+$5.4M +810.7K shares	$17.3M 2.6M shares
GOLDMAN SACHS GROUP INC Institution	+$3.5M +520.9K shares	$7.6M 1.1M shares
B BlackRock, Inc. Institution	+$3.2M +479.5K shares	$55.9M 8.4M shares
N Nuveen, LLC Institution	+$3.0M +453.5K shares	$8.8M 1.3M shares
VANGUARD GROUP INC Institution	+$2.8M +425.2K shares	$64.3M 9.6M shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$2.8M +422.3K shares	$13.2M 2.0M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$2.3M +347.6K shares	$18.8M 2.8M shares
D D. E. Shaw & Co., Inc. Institution	+$2.2M +332.6K shares	$2.2M 332.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
AMERIPRISE FINANCIAL INC Institution	−$8.6M −1.3M shares	$84.7M 12.7M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$6.1M −906.6K shares	$2.3M 338.7K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$5.4M −800.3K shares	$64.0M 9.6M shares
P Pacer Advisors, Inc. Institution	−$3.8M −674.6K shares	Sold Off 0 shares
S SECURITY BENEFIT LIFE INSURANCE CO /KS/ Institution	−$3.2M −565.6K shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$2.8M −423.3K shares	$2.1M 321.1K shares
UBS Group AG Institution	−$2.4M −364.9K shares	$1.3M 190.9K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$2.2M −328.4K shares	$4.0M 595.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$2.2M −324.0K shares	$1.5M 228.2K shares
Applied Fundamental Research, LLC Hedge Fund•Value	−$2.1M −318.0K shares	$8.5M 1.3M shares

Entry and Exit Activity

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

New Positions: 12
New Value: $11.7M
Exited Positions: 18
Exited Value: $11.8M

New Positions

Institution	Position Value
A ALTA FOX CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	$6.1M 909.3K shares
Western Standard, LLC Hedge Fund•Long/Short	$1.9M 278.4K shares
IEQ CAPITAL, LLC RIA/Wealth	$1.3M 192.1K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$891.0K 133.2K shares
H HUSSMAN STRATEGIC ADVISORS, INC. Institution	$702.5K 105.0K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$327.9K 49.0K shares
Net Worth Advisory Group RIA/Wealth	$270.4K 40.4K shares
FourThought Financial Partners, LLC RIA/Wealth	$212.2K 31.7K shares
Operose Advisors LLC RIA/Wealth	$53.5K 8.0K shares
Larson Financial Group LLC RIA/Wealth	$24.5K 3.7K shares

Exited Positions

Institution	Previous Position
P Pacer Advisors, Inc. Institution	$3.8M 674.6K shares
S SECURITY BENEFIT LIFE INSURANCE CO /KS/ Institution	$3.2M 565.6K shares
J Jump Financial, LLC Institution	$2.0M 351.5K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$653.4K 115.8K shares
Blueshift Asset Management, LLC Hedge Fund•Quant	$610.2K 108.2K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$477.0K 84.6K shares
E EntryPoint Capital, LLC Hedge Fund•Long/Short	$474.8K 84.2K shares
Q Quantessence Capital LLC Hedge Fund•Quant	$184.1K 32.6K shares
A Alpine Partners VI, LLC Institution	$80.7K 14.3K shares
Laurion Capital Management LP Hedge Fund•Multi-Strategy	$80.6K 14.3K shares

Options Activity

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

Call Positions: 5
Call Value: $4.6M
Put Positions: 2
Put Value: $196.0K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.0M 3.0K contracts
J JANE STREET GROUP, LLC Institution	$1.5M 2.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$695.8K 1.0K contracts
Crawford Fund Management, LLC Hedge Fund•Long/Short	$434.9K 650.0 contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$196.0K 293.0 contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Applied Fundamental Research, LLC Hedge Fund•Value	Kevin Francis Curran Member	8.29% $8.5M	0.78% 1.3M shares	Q4 2022 Held for 2y 11m	$102.9M
A ALTA FOX CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Patrick Connor Haley Founder	1.36% $6.1M	0.56% 909.3K shares	Q3 2025 Held for 2 months	$448.5M
BAMCO INC /NY/ Long Only Manager	Ronald Stephen Baron CEO	1.06% $401.0M	36.71% 59.9M shares	Q2 2021 Held for 4y 5m	$37.7B
Western Standard, LLC Hedge Fund•Long/Short	Eric David Andersen Managing Partner	1.00% $1.9M	0.17% 278.4K shares	Q3 2025 Held for 2 months	$187.0M
Malaga Cove Capital, LLC RIA/Wealth	Mark Wade Choate CEO	0.91% $2.5M	0.23% 373.1K shares	Q2 2023 Held for 2y 5m	$275.6M
Q Quantedge Capital Pte Ltd Institution	-	0.62% $1.1M	0.10% 170.2K shares	Q1 2025 Held for 8 months	$182.7M
Black Creek Investment Management Inc. Long Only Manager	Richard Lyle Jenkins Chairman	0.45% $9.6M	0.88% 1.4M shares	Q1 2024 Held for 1y 8m	$2.1B
Intrinsic Value Partners, LLC RIA/Wealth	Carter Allen Pearl CEO	0.34% $422.0K	0.04% 63.1K shares	Q2 2024 Held for 1y 5m	$123.5M
H Hedges Asset Management LLC RIA/Wealth	William Thomas Hedges Managing Partner	0.33% $431.5K	0.04% 64.5K shares	Q1 2024 Held for 1y 8m	$130.6M
C Corton Capital Inc. Institution	-	0.27% $107.9K	0.01% 16.1K shares	Q3 2025 Held for 2 months	$40.6M

Hedge Fund Spotlight

Discover hedge funds investing in FIGS

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in FIGS

Market Value: $12.5M
Shares Held: 1.9M
Portfolio Weight: 0.02%
Owned Since: 2022-Q1

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%