Grid Dynamics Holdings, Inc.

GDYN • NASDAQ

Grid Dynamics Holdings, Inc. is a information technology services company in the technology sector on NASDAQ, led by Leonard Livschitz, with a market cap of $794.6M. As of Q3 2025, 81% of shares are held by 189 institutional investors, with BlackRock, Inc. as the largest holder at 13.0%.

CEOLeonard Livschitz

Market Cap$794.6M

Information Technology Services

Technology

Employees3.9K

Websitegriddynamics.com

Country

United States of America

Overview

Overview of institutional ownership in GDYN as of Q3 2025 with a market cap of $652.8M

All Institutions

Institutions: 189
Value Held: $529.5M
Shares Held: 68.7M
Avg Position: $2.8M
Median Position: $274.4K

Hedge Funds

Hedge Funds: 25
Value Held: $70.3M
Shares Held: 9.1M
Avg Position: $2.8M
Median Position: $575.1K

Ownership Breakdown

Institutional (non-HF)

70.34%

$459.2M

Hedge Funds

10.77%

$70.3M

Retail & Other

18.9%

$123.4M

Based on market cap of $652.8M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in GDYN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BlackRock, Inc. Institution	Laurence D. Fink CEO	$84.9M 0.00% of portfolio	13.00% 11.0M shares	Q1 2020 Held for 5y 9m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$43.5M 0.00% of portfolio	6.66% 5.6M shares	Q2 2020 Held for 5y 6m	$6.69T
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	Anand Christopher Parekh CEO	$33.1M 0.10% of portfolio	5.07% 4.3M shares	Q3 2022 Held for 3y 3m	$33.0B
BAMCO INC /NY/ Long Only Manager	Ronald Stephen Baron CEO	$23.1M 0.06% of portfolio	3.54% 3.0M shares	Q1 2020 Held for 5y 9m	$37.7B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$21.9M 0.00% of portfolio	3.35% 2.8M shares	Q2 2020 Held for 5y 6m	$2.88T
F Fourth Sail Capital LP Institution	-	$21.7M 5.32% of portfolio	3.32% 2.8M shares	Q4 2023 Held for 2 years	$407.6M
RIVERBRIDGE PARTNERS LLC Long Only Manager	Mark Albright Thompson Chairman	$15.5M 0.26% of portfolio	2.37% 2.0M shares	Q1 2021 Held for 4y 9m	$5.9B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$15.3M 0.00% of portfolio	2.35% 2.0M shares	Q2 2021 Held for 4y 6m	$466.34B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$15.0M 0.00% of portfolio	2.30% 2.0M shares	Q1 2023 Held for 2y 9m	$571.21B
LOOMIS SAYLES & CO L P Long Only Manager	Kevin Patrick Charleston CEO	$14.9M 0.02% of portfolio	2.29% 1.9M shares	Q4 2024 Held for 1 year	$83.7B

Net Capital Flow

Institutional buying and selling activity for GDYN in Q3 2025

Traded: −$60.6M
Buyers: 122
Sellers: 107
Total Bought: +$126.7M
Total Sold: −$187.3M
Avg Position: $2.2M

Biggest Buyers

Institution	Net Bought	Current Position
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	+$23.3M +3.0M shares	$33.1M 4.3M shares
F Fourth Sail Capital LP Institution	+$9.2M +1.2M shares	$21.7M 2.8M shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$8.9M +1.1M shares	$8.9M 1.1M shares
HPM Partners LLC RIA/Wealth	+$8.8M +1.1M shares	$8.8M 1.1M shares
MORGAN STANLEY RIA/Wealth	+$7.6M +979.8K shares	$14.6M 1.9M shares
BlackRock, Inc. Institution	+$7.3M +945.2K shares	$84.9M 11.0M shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$6.9M +896.6K shares	$7.1M 916.9K shares
CenterBook Partners LP Hedge Fund•Market Neutral	+$6.1M +786.4K shares	$8.4M 1.1M shares
AMERIPRISE FINANCIAL INC Institution	+$5.6M +732.1K shares	$6.6M 851.8K shares
JPMORGAN CHASE & CO Institution	+$2.9M +375.3K shares	$4.0M 513.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
WASATCH ADVISORS INC Long Only Manager	−$53.9M −4.7M shares	Sold Off 0 shares
JENNISON ASSOCIATES LLC Long Only Manager	−$22.7M −2.0M shares	Sold Off 0 shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	−$16.8M −1.5M shares	Sold Off 0 shares
A AMERICAN CENTURY COMPANIES INC Institution	−$11.6M −1.0M shares	Sold Off 0 shares
N Nuveen, LLC Institution	−$8.7M −1.1M shares	$936.5K 121.5K shares
R ROYCE & ASSOCIATES LLC Institution	−$8.0M −689.5K shares	Sold Off 0 shares
OBERWEIS ASSET MANAGEMENT INC/ Long Only Manager	−$7.5M −648.4K shares	Sold Off 0 shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$7.3M −951.7K shares	$15.0M 2.0M shares
LORD, ABBETT & CO. LLC Long Only Manager	−$6.2M −539.3K shares	Sold Off 0 shares
NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager	−$5.6M −488.1K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 19
New Value: $23.3M
Exited Positions: 55
Exited Value: $149.6M

New Positions

Institution	Position Value
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	$8.9M 1.1M shares
HPM Partners LLC RIA/Wealth	$8.8M 1.1M shares
Numerai GP LLC Hedge Fund•Quant	$1.5M 195.4K shares
P Pacer Advisors, Inc. Institution	$1.2M 155.5K shares
Janney Montgomery Scott LLC RIA/Wealth	$860.4K 111.6K shares
B Bastion Asset Management Inc. Institution	$816.5K 106.3K shares
Voleon Capital Management LP Hedge Fund•Quant	$367.8K 47.7K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$290.1K 37.6K shares
B Brevan Howard Capital Management LP Institution	$274.4K 35.6K shares
Atom Investors LP Hedge Fund•Market Neutral	$205.4K 26.6K shares

Exited Positions

Institution	Previous Position
WASATCH ADVISORS INC Long Only Manager	$53.9M 4.7M shares
JENNISON ASSOCIATES LLC Long Only Manager	$22.7M 2.0M shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	$16.8M 1.5M shares
A AMERICAN CENTURY COMPANIES INC Institution	$11.6M 1.0M shares
R ROYCE & ASSOCIATES LLC Institution	$8.0M 689.5K shares
OBERWEIS ASSET MANAGEMENT INC/ Long Only Manager	$7.5M 648.4K shares
LORD, ABBETT & CO. LLC Long Only Manager	$6.2M 539.3K shares
NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager	$5.6M 488.1K shares
RENAISSANCE GROUP LLC Long Only Manager	$4.1M 354.0K shares
A AXIOM INTERNATIONAL INVESTORS LLC /DE Long Only Manager	$3.0M 263.7K shares

Options Activity

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

Call Positions: 5
Call Value: $629.5K
Put Positions: 1
Put Value: $87.9K

Call Positions

Institution	Position Value
L LPL Financial LLC Institution	$385.5K 500.0 contracts
S Shay Capital LLC Institution	$154.2K 200.0 contracts
W WOLVERINE TRADING, LLC Institution	$89.0K 115.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$771.0 1.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$87.9K 114.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F Fourth Sail Capital LP Institution	-	5.32% $21.7M	3.32% 2.8M shares	Q4 2023 Held for 2 years	$407.6M
1492 Capital Management LLC Long Only Manager	Timothy Terrill Stracka Managing Partner	1.78% $4.4M	0.68% 575.3K shares	Q1 2023 Held for 2y 9m	$249.8M
Taylor Frigon Capital Management LLC RIA/Wealth	Gerard Joseph Frigon CIO	1.12% $2.3M	0.35% 293.0K shares	Q1 2020 Held for 5y 9m	$201.1M
S S Squared Technology, LLC Hedge Fund•Long/Short	Kenneth A Goldblatt Managing Partner	0.89% $2.3M	0.36% 304.2K shares	Q3 2020 Held for 5y 3m	$263.0M
S Summit Creek Advisors LLC Long Only Manager	Joseph John Docter Managing Partner	0.81% $5.6M	0.86% 724.4K shares	Q1 2021 Held for 4y 9m	$686.1M
B Bastion Asset Management Inc. Institution	-	0.47% $816.5K	0.13% 106.3K shares	Q3 2025 Held for 3 months	$173.7M
CenterBook Partners LP Hedge Fund•Market Neutral	David Israel Stemerman CEO	0.42% $8.4M	1.29% 1.1M shares	Q3 2022 Held for 3y 3m	$2.0B
RIVERBRIDGE PARTNERS LLC Long Only Manager	Mark Albright Thompson Chairman	0.26% $15.5M	2.37% 2.0M shares	Q1 2021 Held for 4y 9m	$5.9B
Numerai GP LLC Hedge Fund•Quant	Richard Malone Craib CEO	0.21% $1.5M	0.23% 195.4K shares	Q3 2025 Held for 3 months	$707.9M
Mirador Capital Partners LP RIA/Wealth	Audrey Denise Glafkides COO	0.16% $1.1M	0.17% 144.5K shares	Q1 2021 Held for 4y 9m	$706.3M

Hedge Fund Spotlight

Discover hedge funds investing in GDYN

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.10B
Positions: 5,533
Last Reported: Q3 2025

Sector Allocation

Position in Grid Dynamics Holdings, Inc.

Market Value: $1.8M
Shares Held: 229.9K
Portfolio Weight: 0.00%
Owned Since: 2020-Q4

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%