Largest Hedge Fund Stock Sales — Q3 2025
Stocks ranked by total dollar value of institutional selling activity. These represent the largest capital outflows from hedge funds and institutional investors.
| # | Stock | Company | Total $ Sold | Sector |
|---|---|---|---|---|
| 1 | SPY | State Street SPDR S&P 500 ETF Trust | $120.4B | Financial Services |
| 2 | META | Meta Platforms, Inc. | $56.7B | Communication Services |
| 3 | IWM | iShares Russell 2000 ETF | $30.9B | Financial Services |
| 4 | NVDA | NVIDIA Corporation | $30.2B | Technology |
| 5 | MSFT | Microsoft Corporation | $27.5B | Technology |
| 6 | AMZN | Amazon.com, Inc. | $27.3B | Consumer Cyclical |
| 7 | HES | $26.0B | — | |
| 8 | NFLX | Netflix, Inc. | $24.5B | Communication Services |
| 9 | V | Visa Inc. | $21.0B | Financial Services |
| 10 | LLY | Eli Lilly and Company | $19.5B | Healthcare |
| 11 | CRM | Salesforce, Inc. | $17.8B | Technology |
| 12 | TSLA | Tesla, Inc. | $16.9B | Consumer Cyclical |
| 13 | ISRG | Intuitive Surgical, Inc. | $16.7B | Healthcare |
| 14 | COST | Costco Wholesale Corporation | $15.3B | Consumer Defensive |
| 15 | TSM | Taiwan Semiconductor Manufacturing Company Limited | $13.9B | Technology |
| 16 | VOO | Vanguard S&P 500 ETF | $13.4B | Financial Services |
| 17 | CMG | Chipotle Mexican Grill, Inc. | $13.4B | Consumer Cyclical |
| 18 | NOW | ServiceNow, Inc. | $11.6B | Technology |
| 19 | INTU | Intuit Inc. | $11.6B | Technology |
| 20 | GOOGL | Alphabet Inc. | $11.1B | Communication Services |
| 21 | FISV | Fiserv, Inc. | $10.5B | Technology |
| 22 | DIS | The Walt Disney Company | $9.0B | Communication Services |
| 23 | UNH | UnitedHealth Group Incorporated | $9.0B | Healthcare |
| 24 | CRWV | CoreWeave, Inc. Class A Common Stock | $9.0B | Technology |
| 25 | BSX | Boston Scientific Corporation | $8.9B | Healthcare |
| 26 | SPOT | Spotify Technology S.A. | $8.9B | Communication Services |
| 27 | TXN | Texas Instruments Incorporated | $8.5B | Technology |
| 28 | CMCSA | Comcast Corporation | $8.3B | Communication Services |
| 29 | IVV | iShares Core S&P 500 ETF | $8.2B | Financial Services |
| 30 | ACN | Accenture plc | $8.0B | Technology |
| 31 | BKNG | Booking Holdings Inc. | $7.9B | Consumer Cyclical |
| 32 | TMUS | T-Mobile US, Inc. | $7.9B | Communication Services |
| 33 | AMD | Advanced Micro Devices, Inc. | $7.9B | Technology |
| 34 | ADBE | Adobe Inc. | $7.4B | Technology |
| 35 | MA | Mastercard Incorporated | $7.2B | Financial Services |
| 36 | AMT | American Tower Corporation | $7.1B | Real Estate |
| 37 | FLUT | Flutter Entertainment plc | $7.0B | Consumer Cyclical |
| 38 | CSCO | Cisco Systems, Inc. | $7.0B | Technology |
| 39 | HYG | iShares iBoxx $ High Yield Corporate Bond ETF | $6.8B | Financial Services |
| 40 | AAPL | Apple Inc. | $6.8B | Technology |
| 41 | SPGI | S&P Global Inc. | $6.7B | Financial Services |
| 42 | NKE | NIKE, Inc. | $6.7B | Consumer Cyclical |
| 43 | CHTR | Charter Communications, Inc. | $6.6B | Communication Services |
| 44 | PG | The Procter & Gamble Company | $6.6B | Consumer Defensive |
| 45 | HON | Honeywell International Inc. | $6.4B | Industrials |
| 46 | PGR | The Progressive Corporation | $6.3B | Financial Services |
| 47 | ON | ON Semiconductor Corporation | $6.1B | Technology |
| 48 | ARM | Arm Holdings plc American Depositary Shares | $6.0B | Technology |
| 49 | FIS | Fidelity National Information Services, Inc. | $6.0B | Technology |
| 50 | ORCL | Oracle Corporation | $5.9B | Technology |
| 51 | FICO | Fair Isaac Corporation | $5.8B | Technology |
| 52 | CNC | Centene Corporation | $5.7B | Healthcare |
| 53 | IBM | International Business Machines Corporation | $5.7B | Technology |
| 54 | KR | The Kroger Co. | $5.6B | Consumer Defensive |
| 55 | FTNT | Fortinet, Inc. | $5.6B | Technology |
| 56 | CI | Cigna Corporation | $5.5B | Healthcare |
| 57 | KO | The Coca-Cola Company | $5.3B | Consumer Defensive |
| 58 | MRSH | Marsh & McLennan Companies, Inc. | $5.3B | Financial Services |
| 59 | ELV | Elevance Health Inc. | $5.3B | Healthcare |
| 60 | VRTX | Vertex Pharmaceuticals Incorporated | $5.2B | Healthcare |
| 61 | LULU | Lululemon Athletica Inc. | $5.2B | Consumer Cyclical |
| 62 | TLT | iShares 20+ Year Treasury Bond ETF | $5.2B | Financial Services |
| 63 | PYPL | PayPal Holdings, Inc. | $5.1B | Financial Services |
| 64 | ABT | Abbott Laboratories | $5.1B | Healthcare |
| 65 | UPS | United Parcel Service, Inc. | $5.1B | Industrials |
| 66 | BRK/B | $5.0B | — | |
| 67 | ADI | Analog Devices, Inc. | $5.0B | Technology |
| 68 | TRI | Thomson Reuters Corporation | $4.9B | Industrials |
| 69 | DE | Deere & Company | $4.9B | Industrials |
| 70 | KDP | Keurig Dr Pepper Inc. | $4.8B | Consumer Defensive |
| 71 | IT | Gartner, Inc. | $4.8B | Technology |
| 72 | AZEK | $4.7B | — | |
| 73 | SYK | Stryker Corporation | $4.7B | Healthcare |
| 74 | AVGO | Broadcom Inc. | $4.7B | Technology |
| 75 | WBA | $4.7B | — | |
| 76 | SNOW | Snowflake Inc. | $4.7B | Technology |
| 77 | XOM | Exxon Mobil Corporation | $4.6B | Energy |
| 78 | COF | Capital One Financial Corporation | $4.6B | Financial Services |
| 79 | COIN | Coinbase Global, Inc. | $4.6B | Financial Services |
| 80 | CRWD | CrowdStrike Holdings, Inc. | $4.6B | Technology |
| 81 | KVUE | Kenvue Inc. | $4.6B | Consumer Defensive |
| 82 | GWW | W.W. Grainger, Inc. | $4.5B | Industrials |
| 83 | GE | GE Aerospace | $4.5B | Industrials |
| 84 | TMO | Thermo Fisher Scientific Inc. | $4.3B | Healthcare |
| 85 | SBUX | Starbucks Corporation | $4.3B | Consumer Cyclical |
| 86 | DHR | Danaher Corporation | $4.2B | Healthcare |
| 87 | WFC | Wells Fargo & Company | $4.2B | Financial Services |
| 88 | UNP | Union Pacific Corporation | $4.2B | Industrials |
| 89 | EQIX | Equinix, Inc. | $4.2B | Real Estate |
| 90 | T | AT&T Inc. | $4.2B | Communication Services |
| 91 | BAC | Bank of America Corporation | $4.1B | Financial Services |
| 92 | DDOG | Datadog, Inc. | $4.1B | Technology |
| 93 | TEAM | Atlassian Corporation | $4.0B | Technology |
| 94 | CARR | Carrier Global Corporation | $4.0B | Industrials |
| 95 | VRNA | $3.9B | — | |
| 96 | NSC | Norfolk Southern Corporation | $3.9B | Industrials |
| 97 | CNR | Core Natural Resources, Inc. | $3.8B | Energy |
| 98 | MCHP | Microchip Technology Incorporated | $3.8B | Technology |
| 99 | CB | Chubb Limited | $3.8B | Financial Services |
| 100 | CCL | Carnival Corporation & plc | $3.8B | Consumer Cyclical |
Data sourced from SEC 13F filings for Q3 2025. Filings are delayed up to 45 days after quarter end.
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Frequently Asked Questions
How is the dollar value calculated?
Total value sold is the sum of all institutional sales (closed positions and position decreases) for each stock during the quarter, based on the value reported in 13F filings.
When is this data updated?
13F filings are due 45 days after each quarter end. Data is updated as new filings become available.