Flywire Corporation

FLYW • NASDAQ

Flywire Corporation is a information technology services company in the technology sector on NASDAQ, led by Cosmin Pitigoi, with a market cap of $1.8B. As of Q3 2025, 198 institutional investors hold shares in this company, with total holdings valued at $1.5B. CADIAN CAPITAL MANAGEMENT, LLC is the largest holder with a position valued at $153.1M.

CEOCosmin Pitigoi

Market Cap$1.8B

Information Technology Services

Technology

Employees1.2K

Websiteflywire.com

Country

United States of America

Overview

Overview of institutional ownership in FLYW as of Q3 2025 with a market cap of $1.7B

All Institutions

Institutions: 198
Value Held: $1.5B
Shares Held: 111.1M
Avg Position: $7.6M
Median Position: $668.3K

Hedge Funds

Hedge Funds: 34
Value Held: $406.8M
Shares Held: 30.0M
Avg Position: $12.0M
Median Position: $1.8M

Ownership Breakdown

Institutional (non-HF)

66.28%

$1.1B

Hedge Funds

24.57%

$406.8M

Retail & Other

9.15%

$151.6M

Based on market cap of $1.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FLYW as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
CADIAN CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Conor O'Brien CFO	$153.1M 9.10% of portfolio	9.25% 11.3M shares	Q1 2025 Held for 8 months	$1.7B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$150.0M 0.00% of portfolio	9.06% 11.1M shares	Q2 2021 Held for 4y 5m	$6.69T
V Voss Capital LLC Institution	-	$130.3M 7.43% of portfolio	7.87% 9.6M shares	Q4 2024 Held for 11 months	$1.8B
T TEMASEK HOLDINGS LTD Institution	-	$117.6M 0.42% of portfolio	7.10% 8.7M shares	Q2 2021 Held for 4y 5m	$28.3B
B BlackRock, Inc. Institution	-	$116.3M 0.00% of portfolio	7.02% 8.6M shares	Q2 2021 Held for 4y 5m	$5.67T
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	William Zolezzi Managing Partner	$56.2M 2.63% of portfolio	3.39% 4.2M shares	Q1 2025 Held for 8 months	$2.1B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$51.4M 0.04% of portfolio	3.11% 3.8M shares	Q4 2021 Held for 3y 11m	$122.08B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$45.5M 0.01% of portfolio	2.75% 3.4M shares	Q1 2025 Held for 8 months	$571.21B
JENNISON ASSOCIATES LLC Long Only Manager	Jeffrey Todd Becker CEO	$44.3M 0.03% of portfolio	2.67% 3.3M shares	Q2 2022 Held for 3y 5m	$171.73B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$40.4M 0.00% of portfolio	2.44% 3.0M shares	Q2 2021 Held for 4y 5m	$1.57T

Net Capital Flow

Institutional buying and selling activity for FLYW in Q3 2025

Traded: +$107.5M
Buyers: 116
Sellers: 103
Total Bought: +$286.8M
Total Sold: −$179.2M
Avg Position: $6.2M

Biggest Buyers

Institution	Net Bought	Current Position
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	+$39.3M +2.9M shares	$39.3M 2.9M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$33.6M +2.5M shares	$51.4M 3.8M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$28.8M +2.1M shares	$45.5M 3.4M shares
CADIAN CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	+$21.0M +1.6M shares	$153.1M 11.3M shares
V Voss Capital LLC Institution	+$20.6M +1.5M shares	$130.3M 9.6M shares
JENNISON ASSOCIATES LLC Long Only Manager	+$20.3M +1.5M shares	$44.3M 3.3M shares
C COOPER CREEK PARTNERS MANAGEMENT LLC Hedge Fund•Long/Short	+$15.4M +1.1M shares	$15.4M 1.1M shares
FRONTIER CAPITAL MANAGEMENT CO LLC Long Only Manager	+$13.1M +964.9K shares	$13.1M 964.9K shares
Ararat Capital Management, LP Hedge Fund•Long/Short	+$10.5M +774.9K shares	$10.5M 774.9K shares
UBS Group AG Institution	+$7.5M +556.1K shares	$12.1M 891.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
Azora Capital LP Hedge Fund•Long/Short	−$33.4M −2.9M shares	Sold Off 0 shares
M M&G Plc Institution	−$12.7M −1.1M shares	Sold Off 0 shares
D D. E. Shaw & Co., Inc. Institution	−$10.3M −764.2K shares	$31.1M 2.3M shares
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	−$8.6M −633.9K shares	$56.2M 4.2M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$7.5M −636.9K shares	Sold Off 0 shares
I Invenomic Capital Management LP Hedge Fund•Long/Short	−$7.4M −632.6K shares	Sold Off 0 shares
N North Reef Capital Management LP Hedge Fund•Long/Short	−$6.1M −450.0K shares	$8.8M 650.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$6.1M −449.8K shares	$984.1K 72.7K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	−$5.4M −462.7K shares	Sold Off 0 shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$5.3M −450.3K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 27
New Value: $77.9M
Exited Positions: 45
Exited Value: $110.0M

New Positions

Institution	Position Value
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	$39.3M 2.9M shares
FRONTIER CAPITAL MANAGEMENT CO LLC Long Only Manager	$13.1M 964.9K shares
Ararat Capital Management, LP Hedge Fund•Long/Short	$10.5M 774.9K shares
Lighthouse Investment Partners, LLC Fund of Funds	$3.3M 242.5K shares
H HARBER ASSET MANAGEMENT LLC Institution	$2.6M 194.3K shares
ADVISORY RESEARCH INC Long Only Manager	$1.6M 116.3K shares
B BlueCrest Capital Management Ltd Institution	$1.4M 100.0K shares
Lane Generational LLC RIA/Wealth	$1.3M 95.5K shares
Promus Capital, LLC RIA/Wealth	$1.0M 73.9K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$772.6K 57.1K shares

Exited Positions

Institution	Previous Position
Azora Capital LP Hedge Fund•Long/Short	$33.4M 2.9M shares
M M&G Plc Institution	$12.7M 1.1M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$7.5M 636.9K shares
I Invenomic Capital Management LP Hedge Fund•Long/Short	$7.4M 632.6K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$5.4M 462.7K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$5.3M 450.3K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$5.2M 445.3K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$4.6M 394.7K shares
H HRT FINANCIAL LLC Institution	$3.9M 331.2K shares
Twenty Acre Capital LP Hedge Fund•Sector	$3.7M 317.1K shares

Options Activity

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

Call Positions: 8
Call Value: $4.6M
Put Positions: 6
Put Value: $4.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.8M 1.3K contracts
J JANE STREET GROUP, LLC Institution	$797.5K 589.0 contracts
V Voss Capital LLC Institution	$677.0K 500.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$609.3K 450.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$366.9K 271.0 contracts
Walleye Trading LLC RIA/Wealth	$178.7K 132.0 contracts
W WOLVERINE TRADING, LLC Institution	$156.8K 116.0 contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.0M 1.5K contracts
Caption Management, LLC Hedge Fund•Long/Short	$1.4M 1.1K contracts
J JANE STREET GROUP, LLC Institution	$315.5K 233.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$188.2K 139.0 contracts
Walleye Trading LLC RIA/Wealth	$44.7K 33.0 contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
N Norwood Investment Partners, LP Hedge Fund•Long/Short	Charles Hamilton Hoeveler Managing Partner	10.02% $11.7M	0.70% 860.5K shares	Q3 2024 Held for 1y 2m	$116.3M
CADIAN CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Conor O'Brien CFO	9.10% $153.1M	9.25% 11.3M shares	Q1 2025 Held for 8 months	$1.7B
V Voss Capital LLC Institution	-	7.43% $130.3M	7.87% 9.6M shares	Q4 2024 Held for 11 months	$1.8B
A ABS Direct Equity Fund LLC Institution	-	6.29% $4.4M	0.27% 325.0K shares	Q1 2025 Held for 8 months	$69.9M
Ararat Capital Management, LP Hedge Fund•Long/Short	Raffi Charles Tokatlian Managing Partner	5.30% $10.5M	0.63% 774.9K shares	Q3 2025 Held for 2 months	$197.8M
K Kent Lake PR LLC Hedge Fund•Long/Short	Benjamin Natter Managing Partner	3.46% $6.8M	0.41% 500.0K shares	Q2 2025 Held for 5 months	$195.5M
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	Nathaniel Hall August President	2.76% $39.3M	2.37% 2.9M shares	Q3 2025 Held for 2 months	$1.4B
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	William Zolezzi Managing Partner	2.63% $56.2M	3.39% 4.2M shares	Q1 2025 Held for 8 months	$2.1B
P Palogic Value Management, L.P. RIA/Wealth	Scott Aubrey Williams Partner	1.64% $3.8M	0.23% 283.0K shares	Q4 2023 Held for 1y 11m	$233.1M
Lane Generational LLC RIA/Wealth	Frederick Carpenter Lane CEO	1.07% $1.3M	0.08% 95.5K shares	Q3 2025 Held for 2 months	$120.4M

Hedge Fund Spotlight

Discover hedge funds investing in FLYW

Divisadero Street Capital Management, LP

Hedge Fund • Long/Short

Portfolio ManagerWilliam Zolezzi

Portfolio Value: $2.1B
Positions: 163
Last Reported: Q3 2025

Sector Allocation

Position in Flywire Corporation

Market Value: $56.2M
Shares Held: 4.2M
Portfolio Weight: 2.63%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Dave, Inc. DAVE	Software - Application Technology	$184.5M	8.63%
2 Super Group Limited SGHC	Gambling, Resorts & Casinos Consumer Cyclical	$129.8M	6.07%
3 Sezzle SEZL	Financial - Credit Services Financial Services	$118.9M	5.56%