Waystar Holding Corp.
WAY • NASDAQ
Waystar Holding Corp. is a information technology services company in the technology sector on NASDAQ, led by Matthew J. Hawkins, with a market cap of $5.8B. As of Q3 2025, 107% of shares are held by 296 institutional investors, with EQT Fund Management S.a r.l. as the largest holder at 14.28%.
CEOMatthew J. Hawkins
Overview
Overview of institutional ownership in WAY as of Q3 2025 with a market cap of $6.6B
All Institutions
- Institutions
- 296
- Value Held
- $7.1B
- Shares Held
- 185.7M
- Avg Position
- $23.8M
- Median Position
- $1.7M
Hedge Funds
- Hedge Funds
- 51
- Value Held
- $734.3M
- Shares Held
- 19.4M
- Avg Position
- $14.4M
- Median Position
- $3.8M
Ownership Breakdown
Based on market cap of $6.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in WAY as of Q3 2025
| Institution | Position Value |
|---|---|
E EQT Fund Management S.a r.l. Institution | $943.4M 50.63% of portfolio |
C CANADA PENSION PLAN INVESTMENT BOARD Institution | $721.4M 0.51% of portfolio |
 BlackRock, Inc. Institution | $613.7M 0.01% of portfolio |
B BAIN CAPITAL INVESTORS LLC Institution | $502.2M 14.98% of portfolio |
 VANGUARD GROUP INC Institution | $466.0M 0.01% of portfolio |
 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager | $199.6M 0.52% of portfolio |
N Neuberger Berman Group LLC Institution | $198.2M 0.14% of portfolio |
 FMR LLC Institution | $183.8M 0.01% of portfolio |
 STATE STREET CORP Institution | $150.7M 0.01% of portfolio |
 UBS Group AG Institution | $133.3M 0.03% of portfolio |
Net Capital Flow
Institutional buying and selling activity for WAY in Q3 2025
- Traded
- +$1.6B
- Buyers
- 208
- Sellers
- 120
- Total Bought
- +$2.6B
- Total Sold
- −$938.8M
- Avg Position
- $20.6M
Biggest Buyers
| Institution | Net Bought |
|---|---|
E EQT Fund Management S.a r.l. Institution | +$943.4M +24.9M shares |
BlackRock, Inc. Institution | +$351.9M +9.3M shares |
VANGUARD GROUP INC Institution | +$122.1M +3.2M shares |
 Artisan Partners Limited Partnership Long Only Manager | +$95.5M +2.5M shares |
UBS Group AG Institution | +$86.5M +2.3M shares |
 PointState Capital LP Hedge Fund•Multi-Strategy | +$79.6M +2.1M shares |
STATE STREET CORP Institution | +$74.2M +2.0M shares |
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy | +$67.4M +1.8M shares |
 JPMORGAN CHASE & CO Institution | +$57.0M +1.5M shares |
 Invesco Ltd. ETF Provider | +$45.9M +1.2M shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
C CANADA PENSION PLAN INVESTMENT BOARD Institution | −$225.2M −5.9M shares |
B BAIN CAPITAL INVESTORS LLC Institution | −$182.5M −4.8M shares |
 TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy | −$37.7M −994.6K shares |
 Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy | −$36.4M −960.3K shares |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | −$31.1M −819.1K shares |
 SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short | −$30.4M −801.3K shares |
 GOLDMAN SACHS GROUP INC Institution | −$26.1M −687.7K shares |
FMR LLC Institution | −$25.8M −679.5K shares |
 LORD, ABBETT & CO. LLC Long Only Manager | −$24.9M −657.9K shares |
J JANE STREET GROUP, LLC Institution | −$21.4M −523.3K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited WAY in Q3 2025
- New Positions
- 75
- New Value
- $1.3B
- Exited Positions
- 46
- Exited Value
- $144.8M
New Positions
| Institution | Position Value |
|---|---|
E EQT Fund Management S.a r.l. Institution | $943.4M 24.9M shares |
Artisan Partners Limited Partnership Long Only Manager | $95.5M 2.5M shares |
PointState Capital LP Hedge Fund•Multi-Strategy | $79.6M 2.1M shares |
C CREDIT AGRICOLE S A Institution | $21.0M 554.2K shares |
C Capricorn Fund Managers Ltd Institution | $19.2M 505.1K shares |
P PUBLIC SECTOR PENSION INVESTMENT BOARD Institution | $17.0M 448.4K shares |
R Robeco Institutional Asset Management B.V. Institution | $8.8M 231.2K shares |
 RENAISSANCE GROUP LLC Long Only Manager | $8.4M 220.8K shares |
 OSTERWEIS CAPITAL MANAGEMENT INC Long Only Manager | $8.3M 218.6K shares |
 WELLINGTON MANAGEMENT CO LLP Long Only Manager | $5.4M 141.8K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
J JANE STREET GROUP, LLC Institution | $21.4M 523.3K shares |
J Jump Financial, LLC Institution | $20.7M 505.7K shares |
 Aperture Investors, LLC Hedge Fund•Multi-Strategy | $19.8M 485.2K shares |
 VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy | $12.6M 308.6K shares |
Q Qube Research & Technologies Ltd Institution | $11.9M 291.4K shares |
 CASTLEARK MANAGEMENT LLC Long Only Manager | $7.2M 176.6K shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $6.6M 160.7K shares |
Z Zimmer Partners, LP Hedge Fund•Long/Short | $4.7M 115.0K shares |
 Aubrey Capital Management Ltd Long Only Manager | $4.2M 102.5K shares |
 Nicholas Investment Partners, LP Long Only Manager | $3.8M 93.8K shares |
Options Activity
Institutions with the largest Call and Put options positions in WAY as of Q3 2025
- Call Positions
- 10
- Call Value
- $37.8M
- Put Positions
- 7
- Put Value
- $21.6M
Call Positions
| Institution | Position Value |
|---|---|
 Walleye Trading LLC RIA/Wealth | $9.7M 2.6K contracts |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | $7.6M 2.0K contracts |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $7.0M 1.8K contracts |
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage | $6.5M 1.7K contracts |
W WOLVERINE TRADING, LLC Institution | $2.5M 657.0 contracts |
J JANE STREET GROUP, LLC Institution | $2.0M 519.0 contracts |
UBS Group AG Institution | $1.9M 500.0 contracts |
 CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro | $405.7K 107.0 contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $276.8K 73.0 contracts |
 Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $8.6M 2.3K contracts |
Walleye Trading LLC RIA/Wealth | $7.3M 1.9K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $2.8M 733.0 contracts |
W WOLVERINE TRADING, LLC Institution | $1.9M 520.0 contracts |
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage | $712.9K 188.0 contracts |
J JANE STREET GROUP, LLC Institution | $352.7K 93.0 contracts |
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | - - contracts |
Most Committed Institutions
Institutions with WAY as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
E EQT Fund Management S.a r.l. Institution | 50.63% $943.4M |
B BAIN CAPITAL INVESTORS LLC Institution | 14.98% $502.2M |
C Capricorn Fund Managers Ltd Institution | 6.43% $19.2M |
 Otter Creek Advisors, LLC Hedge Fund•Long/Short | 3.73% $3.8M |
 Fortress Investment Group LLC RIA/Wealth | 3.53% $26.0M |
 Spence Asset Management RIA/Wealth | 3.34% $16.0M |
 Monashee Investment Management LLC Hedge Fund•Sector | 3.06% $5.7M |
 AVENIR CORP Long Only Manager | 2.85% $27.4M |
T Tricadia Capital Management, LLC Hedge Fund•Distressed | 2.55% $4.1M |
R Roubaix Capital, LLC Hedge Fund•Long/Short | 2.03% $4.5M |
Hedge Fund Spotlight
Discover hedge funds investing in WAY
Ninepoint Partners LP
Hedge Fund • Multi-Strategy
Portfolio ManagerJames Robert Fox
- Portfolio Value
- $724.5M
- Positions
- 132
- Last Reported
- Q3 2025
Sector Allocation
Position in Waystar Holding Corp.
- Market Value
- $161.2K
- Shares Held
- 4.3K
- Portfolio Weight
- 0.02%
- Owned Since
- 2025-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Unknown Unknown | $95.6M | 13.20% | |
Oil & Gas Exploration & Production Energy | $75.5M | 10.42% | |
Oil & Gas Exploration & Production Energy | $75.3M | 10.39% |
