The institutional cluster lacks active-manager conviction, reducing its trading signal. Monitor upcoming 13F filings for active hedge fund or family office interest. Index rebalancing tailwinds may persist if HIMS continues to grow market cap.
Executive Summary
Five mega-passive institutional investors (T. Rowe Price, BofA, Wells Fargo, Schwab, Morgan Stanley) increased HIMS positions in Q3 2025, adding a net $256.6M to total holdings of $699M. No sellers were reported. The buying is likely driven by index rebalancing rather than active conviction, offering a limited directional signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $256.6M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| T. Rowe Price | DOUBLED | +444.1% | $174.0K | $146.0K |
| BofA | ADD | +54.9% | $102.6M | $44.4M |
| Wells Fargo | ADD | +54.9% | $50.0M | $21.6M |
| Schwab | ADD | +46.3% | $133.6M | $53.4M |
| Morgan Stanley | ADD | +31.6% | $412.7M | $137.1M |
Key Facts
- 5 passive funds bought HIMS in Q3 2025; 0 sold
- Total buyer holdings: $699.0M (net +$256.6M)
- All buyers are mega-passive/index managers
- Largest buyer: Morgan Stanley (ADD 31.6%, now $412.7M)
- T. Rowe Price DOUBLED position (+444.1%) but value only $174K
Financial Impact
Passive funds added $256.6M net, increasing cumulative holdings to $699M. No selling activity.
Risk Factors
- Passive buying is not a catalyst for outsize returns
- No selling offers no contrarian opportunity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-HIMS-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Institutional Cluster | $28.18 | awaiting T+20 | — | — |
Oct 7, 2026 19d ago | 8-K | $28.06 | awaiting T+20 | — | — |
Sep 23, 2026 4w ago | Insider Cluster | $29.28 $29.13 | ▲ +0.51% | ▲ +0.09% | — |
Sep 18, 2026 5w ago | Insider Cluster | $29.35 $28.15 | ▲ +4.09% | ▲ +3.18% | — |
Sep 17, 2026 5w ago | Insider Cluster | $27.99 $28.07 | ▼ −0.29% | ▼ −0.08% | — |
Aug 20, 2026 9w ago | Insider Cluster | $33.78 $29.35 | ▼ −13.11% | ▼ −14.13% | — |
Aug 20, 2026 9w ago | Insider Cluster | $33.78 $29.35 | ▼ −13.11% | ▼ −14.13% | — |
Aug 18, 2026 9w ago | Insider Cluster | $31.09 $27.89 | ▼ −10.29% | ▼ −9.45% | — |
Aug 10, 2026 11w ago | 8-K | $30.51 $27.90 | ▼ −8.55% | ▼ −7.50% | — |
Jul 1, 2026 16w ago | 8-K | $36.80 $27.04 | ▼ −26.52% | ▼ −26.11% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers