StubHub Holdings, Inc.

STUB • NYSE

StubHub Holdings, Inc. is a publicly traded company on NYSE, led by Eric H. Baker, with a market cap of $5.3B. As of Q3 2025, 52% of shares are held by 94 institutional investors, with Madrone Advisors, LLC as the largest holder at 20.6%.

CEOEric H. Baker

Market Cap$5.3B

Overview

Overview of institutional ownership in STUB as of Q3 2025 with a market cap of $6.2B

All Institutions

Institutions: 94
Value Held: $3.2B
Shares Held: 192.2M
Avg Position: $34.4M
Median Position: $2.5M

Hedge Funds

Hedge Funds: 33
Value Held: $604.0M
Shares Held: 35.9M
Avg Position: $18.3M
Median Position: $3.4M

Ownership Breakdown

Institutional (non-HF)

42.5%

$2.6B

Hedge Funds

9.75%

$604.0M

Retail & Other

47.75%

$3.0B

Based on market cap of $6.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in STUB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
M Madrone Advisors, LLC Institution	-	$1.3B 62.80% of portfolio	20.60% 75.8M shares	Q3 2025 Held for 3 months	$2.0B
Deer Management Co. LLC Venture Capital	Brian Feinstein Managing Partner	$371.1M 33.21% of portfolio	5.99% 22.0M shares	Q3 2025 Held for 3 months	$1.1B
PointState Capital LP Hedge Fund•Multi-Strategy	Zachary Jared Schreiber CEO	$348.7M 6.27% of portfolio	5.63% 20.7M shares	Q3 2025 Held for 3 months	$5.6B
StepStone Group LP Fund of Funds	Scott William Hart CEO	$127.3M 66.39% of portfolio	2.06% 7.6M shares	Q3 2025 Held for 3 months	$191.8M
N Neuberger Berman Group LLC Institution	-	$124.1M 0.09% of portfolio	2.00% 7.4M shares	Q3 2025 Held for 3 months	$136.94B
C Capital World Investors Institution	-	$83.9M 0.01% of portfolio	1.36% 5.0M shares	Q3 2025 Held for 3 months	$730.00B
D Duquesne Family Office LLC Institution	-	$71.7M 2.25% of portfolio	1.16% 4.3M shares	Q3 2025 Held for 3 months	$3.2B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$70.1M 0.02% of portfolio	1.13% 4.2M shares	Q3 2025 Held for 3 months	$317.45B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$68.8M 0.00% of portfolio	1.11% 4.1M shares	Q3 2025 Held for 3 months	$1.56T
I Insight Holdings Group, LLC Institution	-	$57.9M 3.57% of portfolio	0.93% 3.4M shares	Q3 2025 Held for 3 months	$1.6B

Net Capital Flow

Institutional buying and selling activity for STUB in Q3 2025

Traded: +$3.2B
Buyers: 94
Sellers: 0
Total Bought: +$3.2B
Total Sold: −-
Avg Position: $34.4M

Biggest Buyers

Institution	Net Bought	Current Position
M Madrone Advisors, LLC Institution	+$1.3B +75.8M shares	$1.3B 75.8M shares
Deer Management Co. LLC Venture Capital	+$371.1M +22.0M shares	$371.1M 22.0M shares
PointState Capital LP Hedge Fund•Multi-Strategy	+$348.7M +20.7M shares	$348.7M 20.7M shares
StepStone Group LP Fund of Funds	+$127.3M +7.6M shares	$127.3M 7.6M shares
N Neuberger Berman Group LLC Institution	+$124.1M +7.4M shares	$124.1M 7.4M shares
C Capital World Investors Institution	+$83.9M +5.0M shares	$83.9M 5.0M shares
D Duquesne Family Office LLC Institution	+$71.7M +4.3M shares	$71.7M 4.3M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$70.1M +4.2M shares	$70.1M 4.2M shares
JPMORGAN CHASE & CO Institution	+$68.8M +4.1M shares	$68.8M 4.1M shares
I Insight Holdings Group, LLC Institution	+$57.9M +3.4M shares	$57.9M 3.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
No sellers found

Entry and Exit Activity

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

New Positions: 94
New Value: $3.2B
Exited Positions: 0
Exited Value: -

New Positions

Institution	Position Value
M Madrone Advisors, LLC Institution	$1.3B 75.8M shares
Deer Management Co. LLC Venture Capital	$371.1M 22.0M shares
PointState Capital LP Hedge Fund•Multi-Strategy	$348.7M 20.7M shares
StepStone Group LP Fund of Funds	$127.3M 7.6M shares
N Neuberger Berman Group LLC Institution	$124.1M 7.4M shares
C Capital World Investors Institution	$83.9M 5.0M shares
D Duquesne Family Office LLC Institution	$71.7M 4.3M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	$70.1M 4.2M shares
JPMORGAN CHASE & CO Institution	$68.8M 4.1M shares
I Insight Holdings Group, LLC Institution	$57.9M 3.4M shares

Exited Positions

Institution	Previous Position
No exited positions found

Options Activity

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

Call Positions: 9
Call Value: $50.0M
Put Positions: 9
Put Value: $55.5M

Call Positions

Institution	Position Value
L Longaeva Partners L.P. Institution	$18.9M 11.3K contracts
GOLDMAN SACHS GROUP INC Institution	$18.5M 11.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.8M 2.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.7M 2.2K contracts
J JANE STREET GROUP, LLC Institution	$2.5M 1.5K contracts
S Symmetry Investments LP Institution	$1.0M 600.0 contracts
Lighthouse Investment Partners, LLC Fund of Funds	$842.0K 500.0 contracts
W WOLVERINE TRADING, LLC Institution	$410.6K 239.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$202.1K 120.0 contracts

Put Positions

Institution	Position Value
A Apollo Management Holdings, L.P. Institution	$24.2M 14.4K contracts
MANE GLOBAL CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	$12.5M 7.4K contracts
Caption Management, LLC Hedge Fund•Long/Short	$6.2M 3.7K contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$5.5M 3.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.2M 1.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.3M 1.4K contracts
J JANE STREET GROUP, LLC Institution	$1.1M 633.0 contracts
W WOLVERINE TRADING, LLC Institution	$398.6K 232.0 contracts
GOLDMAN SACHS GROUP INC Institution	$168.4K 100.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Stone Ridge Holdings Group LP Institution	-	100.00% $1.3M	0.02% 80.0K shares	Q3 2025 Held for 3 months	$1.3M
StepStone Group LP Fund of Funds	Scott William Hart CEO	66.39% $127.3M	2.06% 7.6M shares	Q3 2025 Held for 3 months	$191.8M
M Madrone Advisors, LLC Institution	-	62.80% $1.3B	20.60% 75.8M shares	Q3 2025 Held for 3 months	$2.0B
Deer Management Co. LLC Venture Capital	Brian Feinstein Managing Partner	33.21% $371.1M	5.99% 22.0M shares	Q3 2025 Held for 3 months	$1.1B
B Brown University RIA/Wealth	David Alan Miller Founder	20.54% $34.7M	0.56% 2.1M shares	Q3 2025 Held for 3 months	$169.1M
L Longaeva Partners L.P. Institution	-	9.71% $45.4M	0.73% 2.7M shares	Q3 2025 Held for 3 months	$467.6M
PointState Capital LP Hedge Fund•Multi-Strategy	Zachary Jared Schreiber CEO	6.27% $348.7M	5.63% 20.7M shares	Q3 2025 Held for 3 months	$5.6B
Toronado Partners, LLC Hedge Fund•Long/Short	John Stephen Perkins Managing Partner	4.86% $7.3M	0.12% 435.3K shares	Q3 2025 Held for 3 months	$150.9M
I Insight Holdings Group, LLC Institution	-	3.57% $57.9M	0.93% 3.4M shares	Q3 2025 Held for 3 months	$1.6B
D Duquesne Family Office LLC Institution	-	2.25% $71.7M	1.16% 4.3M shares	Q3 2025 Held for 3 months	$3.2B

Hedge Fund Spotlight

Discover hedge funds investing in STUB

Ardmore Road Asset Management LP

Hedge Fund • Long/Short

Portfolio ManagerChristopher David Connor

Portfolio Value: $1.4B
Positions: 67
Last Reported: Q3 2025

Sector Allocation

Position in StubHub Holdings, Inc.

Market Value: $336.8K
Shares Held: 20.0K
Portfolio Weight: 0.02%
Owned Since: 2025-Q3

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