FLYWIRE CORPORATION FLYW
COM VTG · Common Stock · CUSIP 302492103 · ISIN US3024921039
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersBoston, MA
- Founded2009
- Websiteflywire.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($245.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.54. Options: 9 managers hold calls ($6.9m notional), 9 hold puts ($5.3m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 154 |
| Q4 2022 | 178 |
| Q1 2023 | 201 |
| Q2 2023 | 237 |
| Q3 2023 | 234 |
| Q4 2023 | 237 |
| Q1 2024 | 224 |
| Q2 2024 | 219 |
| Q3 2024 | 219 |
| Q4 2024 | 241 |
| Q1 2025 | 238 |
| Q2 2025 | 207 |
| Q3 2025 | 200 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 153 | 115 |
| Q1 2024 | 125 | 120 |
| Q2 2024 | 139 | 108 |
| Q3 2024 | 114 | 105 |
| Q4 2024 | 130 | 108 |
| Q1 2025 | 139 | 130 |
| Q2 2025 | 111 | 137 |
| Q3 2025 | 117 | 106 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $3.7m | $271.3k | 0.07 |
| Q1 2025 | $2.9m | $908.2k | 0.31 |
| Q2 2025 | $9.5m | $5.4m | 0.57 |
| Q3 2025 | $6.9m | $5.3m | 0.78 |
Biggest buyers
| MANGROVE PARTNERS IM, LLC | New | +2.9m |
| CITADEL ADVISORS LLC | Added | +2.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +2.1m |
| CADIAN CAPITAL MANAGEMENT, LP | Added | +1.6m |
| Voss Capital, LP | Added | +1.5m |
| JENNISON ASSOCIATES LLC | Added | +1.5m |
| COOPER CREEK PARTNERS MANAGEMENT LLC | New | +1.1m |
| FRONTIER CAPITAL MANAGEMENT CO LLC | New | +964.9k |
| Ararat Capital Management LP | New | +774.9k |
| UBS Group AG | Added | +556.1k |
Biggest sellers
| Azora Capital LP | Sold out | -2.9m |
| M&G PLC | Sold out | -1.1m |
| D. E. Shaw & Co., Inc. | Reduced | -764.2k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -636.9k |
| Divisadero Street Capital Management, LP | Reduced | -633.9k |
| Invenomic Capital Management LP | Sold out | -632.6k |
| Walleye Capital LLC | Sold out | -462.7k |
| Balyasny Asset Management L.P. | Sold out | -450.3k |
| North Reef Capital Management LP | Reduced | -450.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -449.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.8m134.2k shares |
| GROUP ONE TRADING LLC | Reduced | $1.4m100.0k shares |
| SIMPLEX TRADING, LLC | Added | $901.0k66.6k shares |
| JANE STREET GROUP, LLC | Reduced | $797.5k58.9k shares |
| Voss Capital, LP | New | $677.0k50.0k shares |
| Caption Management, LLC | Unchanged | $609.3k45.0k shares |
| CITADEL ADVISORS LLC | Added | $366.9k27.1k shares |
| Walleye Trading LLC | Added | $178.7k13.2k shares |
| WOLVERINE TRADING, LLC | New | $156.8k11.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.0m150.6k shares |
| Caption Management, LLC | New | $1.4m105.0k shares |
| SIMPLEX TRADING, LLC | Added | $950.0k70.2k shares |
| IMC-Chicago, LLC | New | $333.1k24.6k shares |
| JANE STREET GROUP, LLC | Reduced | $315.5k23.3k shares |
| CITADEL ADVISORS LLC | Added | $188.2k13.9k shares |
| Walleye Trading LLC | New | $44.7k3.3k shares |
| HAP Trading, LLC | First filing | $17.1k105.0k shares |
| GROUP ONE TRADING LLC | Added | $13.5k1.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Voss Capital, LP 13G · passive investor +1.8 pts · filed 2026-04-22 | 12.1% |
| BlackRock, Inc. 13G · institution filed 2026-10-27 | 7.6% |
| Divisadero Street Capital Management, LP 13G · passive investor new · filed 2026-06-16 | 5.3% |
Fell to 5% or below in the last year: CADIAN CAPITAL MANAGEMENT, LP (4.7%, 2026-08-14), Temasek Holdings (Private) Ltd (3.5%, 2026-07-22), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 5 | $2.7m | $695.0k |
| Q1 2024 | 0 | — | 6 | $8.4m | $3.0m |
| Q2 2024 | 0 | — | 4 | $996.1k | $431.7k |
| Q3 2024 | 0 | — | 5 | $996.5k | $189.9k |
| Q4 2024 | 0 | — | 1 | $98.4k | $98.4k |
| Q1 2025 | 1 | $97.2k | 1 | $55.7k | $55.7k |
| Q2 2025 | 0 | — | 2 | $205.6k | $98.2k |
| Q3 2025 | 0 | — | 1 | $125.8k | $125.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-08 | Butterfield Peter General Counsel and CCO | Sold plan | $125.8k9.6k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| CADIAN CAPITAL MANAGEMENT, LP 9.10% of their portfolio | 11.3m $153.1m | Added +1.6m |
| VANGUARD GROUP INC 0.00% of their portfolio | 11.1m $150.0m | Reduced -70.2k |
| Voss Capital, LP 7.49% of their portfolio | 9.6m $130.3m | Added +1.5m |
| Temasek Holdings (Private) Ltd 0.41% of their portfolio | 8.7m $117.6m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 8.6m $116.3m | Reduced -96.9k |
| Divisadero Street Capital Management, LP 2.61% of their portfolio | 4.2m $56.2m | Reduced -633.9k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 3.8m $51.4m | Added +2.5m |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 3.4m $45.5m | Added +2.1m |
| JENNISON ASSOCIATES LLC 0.03% of their portfolio | 3.3m $44.3m | Added +1.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.0m $40.4m | Added +32.0k |
| MANGROVE PARTNERS IM, LLC 2.90% of their portfolio | 2.9m $39.3m | New |
| STATE STREET CORP 0.00% of their portfolio | 2.9m $39.0m | Reduced -13.8k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 2.3m $31.1m | Reduced -764.2k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 1.9m $25.1m | Added +456.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.6m $21.9m | Reduced -201.7k |
| PRIMECAP MANAGEMENT CO/CA/ 0.02% of their portfolio | 1.5m $20.9m | Added +8.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $19.6m | Added +102.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.4m $18.8m | Added +22.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.3m $17.4m | Reduced -7.6k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.58% of their portfolio | 1.1m $15.4m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $14.7m | Added +4.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 1.1m $14.5m | Reduced -386.1k |
| GDS Wealth Management 0.93% of their portfolio | 1.0m $14.1m | Added +85.4k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.12% of their portfolio | 964.9k $13.1m | New |
| Nuveen, LLC 0.00% of their portfolio | 961.4k $13.0m | Reduced -86.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 955.7k $12.9m | Added +162.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 939.8k $12.7m | Added +19.1k |
| UBS Group AG 0.00% of their portfolio | 891.2k $12.1m | Added +556.1k |
| PALISADE CAPITAL MANAGEMENT, LP 0.32% of their portfolio | 866.2k $11.7m | Added +264.3k |
| Norwood Investment Partners, LP 10.02% of their portfolio | 860.5k $11.7m | Added +280.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 802.7k $10.9m | Added +9.4k |
| Ararat Capital Management LP 5.63% of their portfolio | 774.9k $10.5m | New |
| BARCLAYS PLC 0.00% of their portfolio | 670.6k $9.1m | Added +430.4k |
| North Reef Capital Management LP 0.41% of their portfolio | 650.0k $8.8m | Reduced -450.0k |
| Trexquant Investment LP 0.09% of their portfolio | 621.0k $8.4m | Added +182.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 562.2k $7.6m | Added +164.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 503.7k $6.8m | Added +441.1k |
| FMR LLC 0.00% of their portfolio | 502.5k $6.8m | Added +55.7k |
| Kent Lake PR LLC 3.46% of their portfolio | 500.0k $6.8m | Added +85.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 455.0k $6.2m | Reduced -65.6k |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 400.1k $5.4m | Reduced -14.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 394.9k $5.3m | Reduced -151.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 364.0k $4.9m | Added +3.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 345.2k $4.7m | Added +10.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 331.4k $4.5m | New |
| ABS Direct Equity Fund LLC 6.29% of their portfolio | 325.0k $4.4m | Added +50.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 301.6k $4.1m | Added +82.9k |
| Palogic Value Management, L.P. 1.62% of their portfolio | 283.0k $3.8m | Unchanged |
| First Eagle Investment Management, LLC 0.01% of their portfolio | 268.0k $3.6m | Added +151.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 265.3k $3.6m | Reduced -75.3k |
| Lighthouse Investment Partners, LLC 0.12% of their portfolio | 242.5k $3.3m | New |
| Interval Partners, LP 0.07% of their portfolio | 231.6k $3.1m | Added +16.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 229.7k $3.1m | Reduced -42.1k |
| Rock Creek Group LLC 0.32% of their portfolio | 225.0k $3.0m | Added +50.0k |
| Swiss National Bank 0.00% of their portfolio | 209.2k $2.8m | Unchanged |
| Harber Asset Management LLC 0.94% of their portfolio | 194.3k $2.6m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 185.0k $2.5m | Added +98.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 183.3k $2.5m | Reduced -5.3k |
| Brevan Howard Capital Management LP 0.04% of their portfolio | 181.6k $2.5m | Reduced -9.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 178.9k $2.4m | Added +35.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 167.6k $2.3m | New |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 161.0k $2.2m | Reduced -44.8k |
| Invesco Ltd. 0.00% of their portfolio | 149.5k $2.0m | Added +22.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 146.7k $2.0m | Added +692 |
| Penserra Capital Management LLC 0.02% of their portfolio | 146.6k $2.0m | Reduced -19.3k |
| Bullseye Asset Management LLC 1.03% of their portfolio | 146.0k $2.0m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 142.6k $1.9m | Added +109.8k |
| Legal & General Group Plc 0.00% of their portfolio | 137.1k $1.9m | Reduced -19.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 134.6k $1.8m | Added +26.8k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 128.0k $1.7m | Reduced -239.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 126.7k $1.7m | Reduced -15.2k |
| Squarepoint Ops LLC 0.00% of their portfolio | 125.5k $1.7m | Reduced -337.6k |
| GSA CAPITAL PARTNERS LLP 0.13% of their portfolio | 119.5k $1.6m | Added +36.8k |
| ADVISORY RESEARCH INC 0.21% of their portfolio | 116.3k $1.6m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 105.4k $1.4m | Added +7.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 103.1k $1.4m | Added +5 |
| BlueCrest Capital Management Ltd 0.08% of their portfolio | 100.0k $1.4m | New |
| Verition Fund Management LLC 0.01% of their portfolio | 95.5k $1.3m | Reduced -78.7k |
| Lane Generational LLC 1.07% of their portfolio | 95.5k $1.3m | New |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 92.5k $1.3m | New |
| COMERICA BANK 0.00% of their portfolio | 91.6k $1.2m | Added +91.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 91.0k $1.2m | Added +39.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 88.8k $1.2m | Reduced -62.7k |
| Headlands Technologies LLC 0.09% of their portfolio | 82.2k $1.1m | Added +403 |
| Promus Capital, LLC 0.64% of their portfolio | 73.9k $1.0m | New |
| Aquatic Capital Management LLC 0.02% of their portfolio | 73.8k $999.6k | First filing |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 73.8k $998.9k | Reduced -21.1k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 72.9k $987.0k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 72.7k $984.1k | Reduced -449.8k |
| ALGERT GLOBAL LLC 0.01% of their portfolio | 64.2k $869.4k | Reduced -28.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 61.7k $835.5k | Added +22.9k |
| STRS OHIO 0.00% of their portfolio | 60.8k $823.2k | Reduced -2.2k |
| Creative Planning 0.00% of their portfolio | 59.1k $799.8k | Added +17.9k |
| Bridgewater Associates, LP 0.00% of their portfolio | 57.1k $772.6k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 56.1k $759.6k | Reduced -3.1k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 52.6k $712.8k | Unchanged |
| Holocene Advisors, LP 0.00% of their portfolio | 51.2k $693.5k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 48.8k $661.0k | Added +39.3k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 48.1k $650.6k | Reduced -17.0k |
| Focus Partners Wealth 0.00% of their portfolio | 47.6k $675.5k | New |