IPG Photonics

IPGP • NASDAQ

IPG Photonics is a semiconductors company in the technology sector on NASDAQ, led by Dr. Mark Gitin, with a market cap of $3.2B. As of Q3 2025, 67% of shares are held by 278 institutional investors, with First Eagle Investment Management, LLC as the largest holder at 10.6%.

Chief Executive OfficerDr. Mark Gitin

Market Cap$3.2B

Semiconductors

Technology

Employees6.2K

Websiteipgphotonics.com

Country

United States of America

Overview

Overview of institutional ownership in IPGP as of Q3 2025 with a market cap of $3.3B

All Institutions

Institutions: 278
Value Held: $2.2B
Shares Held: 28.4M
Avg Position: $8.1M
Median Position: $494.4K

Hedge Funds

Hedge Funds: 23
Value Held: $153.9M
Shares Held: 1.9M
Avg Position: $6.7M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

62.64%

$2.1B

Hedge Funds

4.6%

$153.9M

Retail & Other

32.75%

$1.1B

Based on market cap of $3.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in IPGP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
F First Eagle Investment Management, LLC Long Only Manager	Mehdi Asif Mahmud CEO	$354.4M 0.65% of portfolio	10.60% 4.5M shares	Q3 2018 Held for 7y 2m	$54.9B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$224.4M 0.00% of portfolio	6.71% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$191.2M 0.00% of portfolio	5.72% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
LAZARD ASSET MANAGEMENT LLC Long Only Manager	Evan Lawrence Russo CEO	$141.5M 0.19% of portfolio	4.23% 1.8M shares	Q3 2017 Held for 8y 2m	$74.1B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$139.0M 0.03% of portfolio	4.16% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
S Sumitomo Mitsui Trust Holdings, Inc. Institution	-	$138.1M 0.08% of portfolio	4.13% 1.7M shares	Q4 2017 Held for 7y 11m	$173.79B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$109.9M 0.03% of portfolio	3.29% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$317.45B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$71.1M 0.05% of portfolio	2.13% 901.3K shares	≤ Q2 2013 Held for 12y 5m+	$156.17B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$62.7M 0.00% of portfolio	1.88% 792.3K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$51.6M 0.00% of portfolio	1.54% 651.1K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for IPGP in Q3 2025

Traded: −$3.7M
Buyers: 132
Sellers: 108
Total Bought: +$113.8M
Total Sold: −$117.5M
Avg Position: $7.6M

Biggest Buyers

Institution	Net Bought	Current Position
MORGAN STANLEY RIA/Wealth	+$21.2M +267.2K shares	$51.6M 651.1K shares
EMERALD ADVISERS INC/PA Long Only Manager	+$12.0M +152.0K shares	$12.0M 152.0K shares
AMERICAN CAPITAL MANAGEMENT INC Long Only Manager	+$9.0M +114.1K shares	$9.0M 114.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$8.5M +106.8K shares	$23.3M 294.2K shares
EMERALD MUTUAL FUND ADVISERS TRUST Long Only Manager	+$6.6M +83.9K shares	$6.6M 83.9K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$5.4M +68.4K shares	$139.0M 1.8M shares
A Allianz Asset Management AG Institution	+$4.9M +62.3K shares	$15.8M 200.1K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	+$3.7M +47.1K shares	$3.7M 47.1K shares
S S Squared Technology, LLC Hedge Fund•Long/Short	+$3.6M +45.1K shares	$9.4M 118.9K shares
M M&G Plc Institution	+$2.9M +37.3K shares	$50.4M 637.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	−$11.4M −165.4K shares	Sold Off 0 shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$9.7M −122.0K shares	$38.8M 489.6K shares
CAMBIAR INVESTORS LLC Long Only Manager	−$9.3M −134.8K shares	Sold Off 0 shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	−$8.9M −112.6K shares	$141.5M 1.8M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$6.2M −78.3K shares	$3.5M 44.4K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$6.1M −77.3K shares	$71.1M 901.3K shares
J Jump Financial, LLC Institution	−$5.8M −84.9K shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$4.5M −56.4K shares	$1.5M 19.4K shares
B BlackRock, Inc. Institution	−$4.4M −55.2K shares	$191.2M 2.4M shares
D D. E. Shaw & Co., Inc. Institution	−$3.7M −47.0K shares	$10.0M 125.7K shares

Entry and Exit Activity

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

New Positions: 12
New Value: $3.5M
Exited Positions: 15
Exited Value: $31.4M

New Positions

Institution	Position Value
APIS CAPITAL ADVISORS, LLC Hedge Fund•Long/Short	$2.8M 35.0K shares
Cetera Investment Advisers RIA/Wealth	$249.3K 3.1K shares
Buckingham Strategic Partners RIA/Wealth	$244.1K 2.9K shares
BRIGHTON JONES LLC RIA/Wealth	$232.1K 2.9K shares
Caitong International Asset Management Co., Ltd RIA/Wealth	$12.7K 160.0 shares
R Root Financial Partners, LLC RIA/Wealth	$10.9K 138.0 shares
Point72 Europe LLP Digital Asset Manager	$6.2K 78.0 shares
ROTHSCHILD INVESTMENT LLC RIA/Wealth	$4.4K 55.0 shares
Wealth Watch Advisors, INC RIA/Wealth	$238.0 3.0 shares
North Capital, Inc. RIA/Wealth	$79.0 1.0 shares

Exited Positions

Institution	Previous Position
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	$11.4M 165.4K shares
CAMBIAR INVESTORS LLC Long Only Manager	$9.3M 134.8K shares
J Jump Financial, LLC Institution	$5.8M 84.9K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$2.6M 38.0K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.2M 17.8K shares
X XTX Topco Ltd Institution	$563.1K 8.2K shares
AIGEN INVESTMENT MANAGEMENT, LP Hedge Fund•Long/Short	$277.8K 4.0K shares
N NICOLET ADVISORY SERVICES, LLC Institution	$227.4K 3.0K shares
H Headlands Technologies LLC Institution	$65.1K 949.0 shares
Mirae Asset Global Investments Co., Ltd. Long Only Manager	$13.3K 193.0 shares

Options Activity

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

Call Positions: 4
Call Value: $2.4M
Put Positions: 2
Put Value: $95.0K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 138.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$744.4K 94.0 contracts
W WOLVERINE TRADING, LLC Institution	$425.9K 54.0 contracts
Walleye Trading LLC RIA/Wealth	$182.1K 23.0 contracts

Put Positions

Institution	Position Value
Walleye Trading LLC RIA/Wealth	$95.0K 12.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S S Squared Technology, LLC Hedge Fund•Long/Short	Kenneth A Goldblatt Managing Partner	3.58% $9.4M	0.28% 118.9K shares	Q1 2025 Held for 8 months	$263.0M
L LHM, INC. Institution	-	3.13% $9.5M	0.28% 119.3K shares	Q4 2023 Held for 1y 11m	$302.3M
Q QSM Asset Management Ltd Institution	-	2.90% $4.1M	0.12% 51.8K shares	Q2 2025 Held for 5 months	$140.0M
W WESTPORT ASSET MANAGEMENT INC Long Only Manager	Andrew John Knuth Chairman	2.58% $6.1M	0.18% 77.5K shares	Q4 2016 Held for 8y 11m	$238.3M
Ballast Asset Management, LP Long Only Manager	Ragen R Stienke Managing Partner	1.26% $2.8M	0.08% 34.9K shares	Q3 2023 Held for 2y 2m	$219.1M
D DISCIPLINED GROWTH INVESTORS INC /MN Long Only Manager	Ricki Lee Martin CEO	0.81% $44.5M	1.33% 561.6K shares	Q4 2018 Held for 6y 11m	$5.5B
P PACIFIC HEIGHTS ASSET MANAGEMENT LLC Long Only Manager	James Hanson Andrews CFO	0.71% $15.8M	0.47% 200.0K shares	≤ Q2 2013 Held for 12y 5m+	$2.2B
F First Eagle Investment Management, LLC Long Only Manager	Mehdi Asif Mahmud CEO	0.65% $354.4M	10.60% 4.5M shares	Q3 2018 Held for 7y 2m	$54.9B
APIS CAPITAL ADVISORS, LLC Hedge Fund•Long/Short	Daniel James Barker CIO	0.59% $2.8M	0.08% 35.0K shares	Q3 2025 Held for 2 months	$471.4M
SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI RIA/Wealth	Bradley Everett Benz Chairman	0.50% $6.7M	0.20% 84.6K shares	Q3 2015 Held for 10y 2m	$1.3B

Hedge Fund Spotlight

Discover hedge funds investing in IPGP

HUDSON CANYON INVESTMENT COUNSELORS LLC

Hedge Fund • Long/Short

Portfolio ManagerJoseph Cajigal

Portfolio Value: $373.0M
Positions: 140
Last Reported: Q3 2025

Sector Allocation

Position in IPG Photonics

Market Value: $211.9K
Shares Held: 2.7K
Portfolio Weight: 0.06%
Owned Since: 2017-Q4

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$71.7M	19.22%
2 Apple AAPL	Consumer Electronics Technology	$36.4M	9.75%
3 Microsoft MSFT	Software - Infrastructure Technology	$26.8M	7.18%