Maximus

MMS • NYSE

Maximus is a specialty business services company in the industrials sector on NYSE, led by Bruce Caswell, with a market cap of $4.6B. As of Q3 2025, 98% of shares are held by 374 institutional investors, with FMR LLC as the largest holder at 15.0%.

Chief Executive OfficerBruce Caswell

Market Cap$4.6B

Specialty Business Services

Industrials

Employees39.6K

Websitemaximus.com

Country

United States of America

Overview

Overview of institutional ownership in MMS as of Q3 2025 with a market cap of $5.1B

All Institutions

Institutions: 374
Value Held: $5.1B
Shares Held: 55.4M
Avg Position: $13.5M
Median Position: $854.2K

Hedge Funds

Hedge Funds: 44
Value Held: $368.4M
Shares Held: 4.0M
Avg Position: $8.4M
Median Position: $1.4M

Ownership Breakdown

Institutional (non-HF)

91.09%

$4.7B

Hedge Funds

7.16%

$368.4M

Retail & Other

1.75%

$90.3M

Based on market cap of $5.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in MMS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$772.3M 0.04% of portfolio	15.00% 8.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
B BlackRock, Inc. Institution	-	$726.4M 0.01% of portfolio	14.11% 8.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$584.9M 0.01% of portfolio	11.36% 6.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$232.1M 0.01% of portfolio	4.51% 2.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
MACKENZIE FINANCIAL CORP Long Only Manager	Joseph Luke Gregoire Gould CEO	$205.5M 0.25% of portfolio	3.99% 2.2M shares	Q4 2015 Held for 9y 11m	$82.7B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$170.8M 0.04% of portfolio	3.32% 1.9M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$158.5M 0.54% of portfolio	3.08% 1.7M shares	Q3 2016 Held for 9y 2m	$29.4B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$135.0M 0.01% of portfolio	2.62% 1.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	$106.1M 3.01% of portfolio	2.06% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$3.5B
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	$88.2M 0.09% of portfolio	1.71% 966.1K shares	Q1 2025 Held for 8 months	$97.8B

Net Capital Flow

Institutional buying and selling activity for MMS in Q3 2025

Traded: −$46.5M
Buyers: 200
Sellers: 162
Total Bought: +$373.4M
Total Sold: −$419.9M
Avg Position: $12.3M

Biggest Buyers

Institution	Net Bought	Current Position
B BlackRock, Inc. Institution	+$61.4M +672.3K shares	$726.4M 8.0M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$43.5M +476.1K shares	$47.7M 522.6K shares
Robeco Investment Management, Inc. Long Only Manager	+$28.2M +308.9K shares	$88.2M 966.1K shares
Stephens Investment Management Group LLC Long Only Manager	+$21.7M +237.1K shares	$65.9M 720.9K shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$19.5M +213.1K shares	$20.9M 228.5K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$15.4M +168.5K shares	$15.4M 168.5K shares
J JANE STREET GROUP, LLC Institution	+$13.4M +147.1K shares	$28.9M 316.1K shares
D DEPRINCE RACE & ZOLLO INC Long Only Manager	+$13.3M +145.1K shares	$22.3M 243.7K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$12.1M +132.1K shares	$29.4M 321.6K shares
BANK OF AMERICA CORP /DE/ Institution	+$8.2M +89.7K shares	$41.4M 453.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
FIRST TRUST ADVISORS LP ETF Provider	−$49.9M −546.0K shares	$7.0M 76.6K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$41.2M −455.3K shares	$49.9M 551.9K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$39.9M −437.1K shares	$29.6M 324.1K shares
GOLDMAN SACHS GROUP INC Institution	−$35.6M −389.2K shares	$16.7M 183.3K shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$23.1M −253.3K shares	$205.5M 2.2M shares
Q Qube Research & Technologies Ltd Institution	−$22.6M −247.2K shares	$12.1M 132.2K shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	−$10.6M −115.9K shares	$31.6M 345.3K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$10.3M −113.0K shares	$4.7M 51.5K shares
Van Berkom & Associates Inc. Long Only Manager	−$9.5M −104.5K shares	$106.1M 1.2M shares
Invesco Ltd. ETF Provider	−$9.1M −100.0K shares	$15.7M 171.3K shares

Entry and Exit Activity

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

New Positions: 21
New Value: $8.8M
Exited Positions: 36
Exited Value: $38.5M

New Positions

Institution	Position Value
P PEAK6 LLC Institution	$2.0M 22.2K shares
R Resolute Capital Asset Partners LLC Hedge Fund•Long/Short	$1.8M 20.0K shares
Caption Management, LLC Hedge Fund•Long/Short	$822.3K 9.0K shares
V Vise Technologies, Inc. Institution	$572.1K 6.3K shares
CORSAIR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$548.2K 6.0K shares
D Davy Asset Management Ltd Institution	$484.3K 5.3K shares
G GTS SECURITIES LLC Institution	$427.8K 4.7K shares
Sequoia Financial Advisors, LLC RIA/Wealth	$417.0K 4.6K shares
Buckingham Strategic Partners RIA/Wealth	$348.3K 4.1K shares
Merit Financial Group, LLC RIA/Wealth	$321.1K 3.5K shares

Exited Positions

Institution	Previous Position
R Ruffer LLP Long Only Manager	$7.3M 104.4K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$5.8M 82.4K shares
Pier Capital, LLC Long Only Manager	$5.3M 75.4K shares
H HRT FINANCIAL LLC Institution	$4.6M 65.0K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$3.8M 54.0K shares
C Cubist Systematic Strategies, LLC Institution	$1.6M 22.5K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$1.4M 19.6K shares
E Elo Mutual Pension Insurance Co Institution	$1.1M 15.5K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$897.9K 12.8K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$896.7K 12.8K shares

Options Activity

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

Call Positions: 2
Call Value: $5.4M
Put Positions: 1
Put Value: $201.0K

Call Positions

Institution	Position Value
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$4.6M 500.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$858.9K 94.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$201.0K 22.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Sio Capital Management, LLC Hedge Fund•Long/Short	Judah Zvi Drillick CEO	12.89% $50.9M	0.99% 557.6K shares	Q3 2024 Held for 1y 2m	$395.2M
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	3.01% $106.1M	2.06% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$3.5B
REINHART MAHONEY CAPITAL MANAGEMENT INC Long Only Manager	James Everett Reinhart CEO	2.74% $84.2M	1.64% 921.6K shares	Q4 2019 Held for 5y 11m	$3.1B
Dean Capital Management Long Only Manager	Jessica Lynn Skinner CCO	1.36% $3.5M	0.07% 38.2K shares	Q2 2022 Held for 3y 5m	$256.5M
R Resolute Capital Asset Partners LLC Hedge Fund•Long/Short	James Aquinas Hillary CEO	0.96% $1.8M	0.04% 20.0K shares	Q3 2025 Held for 2 months	$189.5M
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	Thomas W Mcdowell Chairman	0.91% $16.7M	0.33% 183.2K shares	Q3 2014 Held for 11y 2m	$1.8B
Stephens Investment Management Group LLC Long Only Manager	Joseph Warren Simpson CEO	0.85% $65.9M	1.28% 720.9K shares	Q3 2013 Held for 12y 2m	$7.8B
D Divisadero Street Capital Management, LP Hedge Fund•Long/Short	William Zolezzi Managing Partner	0.79% $16.8M	0.33% 183.9K shares	Q2 2025 Held for 5 months	$2.1B
Keeler THomas Management LLC RIA/Wealth	Cary Wasden Managing Partner	0.68% $1.6M	0.03% 17.1K shares	Q2 2025 Held for 5 months	$229.9M
Bridge City Capital, LLC Long Only Manager	Alexander Jackson Woodward President	0.62% $2.3M	0.05% 25.6K shares	Q4 2023 Held for 1y 11m	$374.5M

Hedge Fund Spotlight

Discover hedge funds investing in MMS

ExodusPoint Capital Management, LP

Hedge Fund • Multi-Strategy

Portfolio ManagerMichael Robert Gelband

Portfolio Value: $7.1B
Positions: 1,351
Last Reported: Q3 2025

Sector Allocation

Position in Maximus

Market Value: $1.6M
Shares Held: 17.9K
Portfolio Weight: 0.02%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$306.1M	4.29%
2 Ameren AEE	Regulated Electric Utilities	$103.0M	1.44%
3 Nvidia NVDA	Semiconductors Technology	$79.9M	1.12%