51% buyers of institutions opening or closing positions this quarter
2 more new buyers than exits, ownership fell 33.25 percentage points vs the prior quarter, and no widely-followed fund managers in the top 25.
51% buyers of institutions opening or closing positions this quarter
136.6% institutional ownership
EQT Fund Management portfolio allocation
Institutional ownership vs Information Technology Services peers
No Form 4 insider transactions on file
Latest positioning in WAY across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in WAY held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | EQT Fund Management S.a r.l. | 24.9M | $599.8M | 0.0% | 12.971% | 58.77% |
| 2 | CANADA PENSION PLAN INVESTMENT BOARD | 19.0M | $458.7M | 0.0% | 9.919% | 0.30% |
| 3 | BlackRock, Inc. | 16.7M | $401.8M | +1.2% | 8.689% | 0.01% |
| 4 | FMR LLC | 15.0M | $360.7M | +6.6% | 7.801% | 0.02% |
| 5 | BAIN CAPITAL INVESTORS LLC | 13.2M | $319.3M | 0.0% | 6.904% | 9.77% |
| 6 | ADVENT INTERNATIONAL CORP/MA | 11.1M | $266.7M | 0.0% | 5.766% | 6.28% |
| 7 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.4M | $154.5M | — | 3.340% | 0.01% |
| 8 | VANGUARD CAPITAL MANAGEMENT LLC | 5.1M | $124.1M | — | 2.682% | 0.00% |
| 9 | Neuberger Berman Group LLC | 4.7M | $112.6M | -14.6% | 2.435% | 0.09% |
| 10 | GOLDENTREE ASSET MANAGEMENT LP | 4.4M | $107.0M | — | 2.317% | 6.34% |
| 11 | Artisan Partners Limited Partnership | 4.4M | $106.3M | +39.3% | 2.298% | 0.17% |
| 12 | STATE STREET CORP | 4.3M | $103.4M | +3.8% | 2.236% | 0.00% |
| 13 | PointState Capital LP | 3.8M | $90.8M | +35.9% | 1.964% | 1.15% |
| 14 | BANK OF MONTREAL /CAN/ | 3.5M | $83.3M | +51157.9% | 1.801% | 0.03% |
| 15 | GEODE CAPITAL MANAGEMENT, LLC | 2.9M | $69.7M | -14.9% | 1.508% | 0.00% |
| 16 | GOLDMAN SACHS GROUP INC | 2.6M | $63.1M | -7.4% | 1.365% | 0.01% |
| 17 | BAMCO INC /NY/ | 2.3M | $56.1M | +66.9% | 1.212% | 0.17% |
| 18 | ArrowMark Colorado Holdings LLC | 2.2M | $53.0M | +14.3% | 1.146% | 1.41% |
| 19 | UBS Group AG | 2.2M | $51.9M | -6.8% | 1.122% | 0.01% |
| 20 | MILLENNIUM MANAGEMENT LLC | 2.1M | $50.9M | -27.5% | 1.101% | 0.02% |
| 21 | BANK OF AMERICA CORP /DE/ | 2.1M | $49.8M | +61.8% | 1.077% | 0.00% |
| 22 | DIMENSIONAL FUND ADVISORS LP | 2.0M | $49.3M | +73.8% | 1.067% | 0.01% |
| 23 | JANUS HENDERSON GROUP PLC | 2.0M | $48.0M | +152.1% | 1.038% | 0.02% |
| 24 | Sio Capital Management, LLC | 1.6M | $39.6M | +167.6% | 0.856% | 5.68% |
| 25 | RTW INVESTMENTS, LP | 1.6M | $39.3M | — | 0.850% | 0.39% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in WAY — a direct measure of their conviction.
Filings activity in WAY during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 299 | +0.7% | 136.62% | 33.25 pp | $4.83B | 25% |
| Q4 2025 | 297 | +1.0% | 169.87% | 11.63 pp | $6.43B | 6.4% |
| Q3 2025 | 294 | +10% | 181.50% | +28.32 pp | $6.87B | +18% |
| Q2 2025 | 267 | +24% | 153.18% | +12.66 pp | $5.79B | +17% |
| Q1 2025 | 216 | +33% | 140.52% | +21.36 pp | $4.97B | +10% |
| Q4 2024 | 163 | +39% | 119.16% | +33.85 pp | $4.51B | +40% |
| Q3 2024 | 117 | +27% | 85.31% | +18.23 pp | $3.23B | +27% |
| Q2 2024 | 92 | — | 67.08% | — | $2.54B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for WAY.
Quick answers to the most common questions about buying WAY stock.
Based on Q1 2026 13F filings, institutional ownership of Waystar Holding Corp. stands at 136.6%, held across 299 reporting institutions.
EQT Fund Management S.a r.l. is the largest reported institutional holder of WAY, with approximately 24,879,437 shares worth $0.60B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of WAY.
Our composite Smart Money Score for WAY is 27 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
78 institutions opened new positions in WAY during Q1 2026, while 76 fully exited. 60 added to existing positions and 161 trimmed.
WAY institutional ownership fell by 33.25 percentage points quarter-over-quarter, with a net change of +2 holders.
The top 10 institutions account for 60.1% of all reported 13F value in WAY, and the top 25 account for 79.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.