Garden Stage Ltd (GSIW) — Institutional Holders, Q4 2025
7 institutional investment managers reported a GSIW position on SEC Form 13F-HR for the quarter ended December 31, 2025, with a combined reported value of $65.9K. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
GSIW in Q4 2025: what funds did
Funds that filed a 13F for both Q3 2025 and Q4 2025, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- XTX Topco LtdAdded · +183,147 sh+$23.7K
- JANE STREET GROUPNew · +61,156 sh+$7.9K
- SUSQUEHANNA INTERNATIONAL GROUP, LLPAdded · +52,804 sh+$6.8K
Biggest sellers
- UBS Group AGTrimmed · -60,147 sh-$7.8K
- CITADEL ADVISORSSold out · -41,271 sh-$5.3K
- Centiva CapitalSold out · -33,983 sh-$4.4K
- BANK HAPOALIM BMSold out · -33,000 sh-$4.3K
- TWO SIGMA SECURITIESTrimmed · -23,360 sh-$3.0K
GSIW 13F holders ranked 1–7 of 7
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q3 2025 |
|---|---|---|---|---|---|
| 1 | XTX Topco Ltd#1 · 258,052 sh | 258,052 | $33.3K | — | +244.5% |
| 2 | Quadrature Capital Ltd#2 · 104,369 sh | 104,369 | $13.5K | — | 0.0% |
| 3 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#3 · 66,692 sh | 66,692 | $8.6K | — | +380.2% |
| 4 | JANE STREET GROUP#4 · 61,156 sh | 61,156 | $7.9K | — | New |
| 5 | TWO SIGMA SECURITIES#5 · 19,775 sh | 19,775 | $2.6K | — | -54.2% |
| 6 | SG Americas Securities#6 · 90,000 sh | 90,000 | $12.00 | — | New |
| 7 | UBS Group AG#7 · 32 sh | 32 | $4.00 | — | -99.9% |
Funds that sold out of GSIW in Q4 2025 (3)
Held GSIW at the end of Q3 2025 and filed a Q4 2025 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q3 2025 |
|---|---|---|
| CITADEL ADVISORS41,271 sh | 41,271 | $6.2K |
| Centiva Capital33,983 sh | 33,983 | $5.1K |
| BANK HAPOALIM BM33,000 sh | 33,000 | $5.0K |
Source: Form 13F-HR filings on SEC EDGAR, Q4 2025. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q3 2025 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.