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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.18. Options: 6 managers hold calls ($6.1m notional), 4 hold puts ($373.8k).
Trends to Q4 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 |
| Q4 2025 | 211 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 112 | 93 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $2.9m | $908.2k | 0.31 |
| Q2 2025 | $9.5m | $5.4m | 0.57 |
| Q3 2025 | $6.9m | $5.3m | 0.78 |
| Q4 2025 | $6.1m | $373.8k | 0.06 |
Biggest buyers
| Voss Capital, LP | Added | +2.1m |
| Divisadero Street Capital Management, LP | Added | +1.6m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.5m |
| JENNISON ASSOCIATES LLC | Added | +1.2m |
| Point72 Asset Management, L.P. | New | +897.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | New | +604.5k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +520.3k |
| STIFEL FINANCIAL CORP | New | +479.2k |
| Interval Partners, LP | Added | +436.4k |
| MORGAN STANLEY | Added | +431.2k |
Biggest sellers
| CADIAN CAPITAL MANAGEMENT, LP | Reduced | -3.4m |
| Temasek Holdings (Private) Ltd | Reduced | -2.3m |
| D. E. Shaw & Co., Inc. | Reduced | -1.5m |
| MARSHALL WACE, LLP | Reduced | -910.9k |
| Trexquant Investment LP | Reduced | -425.3k |
| Ensign Peak Advisors, Inc | Reduced | -390.8k |
| Norwood Investment Partners, LP | Reduced | -272.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -269.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -255.7k |
| DEUTSCHE BANK AG\ | Reduced | -244.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.4m170.2k shares |
| GROUP ONE TRADING LLC | Added | $2.1m151.6k shares |
| CITADEL ADVISORS LLC | Added | $744.8k52.6k shares |
| JANE STREET GROUP, LLC | Reduced | $397.9k28.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $331.3k23.4k shares |
| Walleye Trading LLC | Reduced | $25.5k1.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $192.6k13.6k shares |
| Walleye Trading LLC | Added | $144.4k10.2k shares |
| GROUP ONE TRADING LLC | Added | $28.3k2.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.5k600 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2025 | 0 | — | 2 | $133.2k | $133.2k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-31 | Voss Capital, LP +4 10% owner · By: Managed Accounts of Voss Capital, LP | Bought | $640.2k45.0k shares |
| 2025-12-30 | Voss Capital, LP +4 10% owner · By: Managed Accounts of Voss Capital, LP | Bought | $2.6m181.1k shares |
| 2025-12-23 | Riese Phillip John Director | Sold plan | $5.5k367 shares |
| 2025-12-09 | Butterfield Peter General Counsel and CCO | Sold plan | $111.2k8.1k shares |
| 2025-11-05 | Butterfield Peter General Counsel and CCO | Sold plan | $15.0k1.0k shares |
| 2025-11-05 | Riese Phillip John Director | Sold plan | $1.5k100 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Voss Capital, LP 8.85% of their portfolio | 11.8m $166.4m | Added +2.1m |
| VANGUARD GROUP INC 0.00% of their portfolio | 10.9m $153.8m | Reduced -215.7k |
| BlackRock, Inc. 0.00% of their portfolio | 8.6m $122.4m | Added +54.0k |
| CADIAN CAPITAL MANAGEMENT, LP 8.11% of their portfolio | 7.9m $112.2m | Reduced -3.4m |
| Temasek Holdings (Private) Ltd 0.29% of their portfolio | 6.4m $90.5m | Reduced -2.3m |
| Divisadero Street Capital Management, LP 4.67% of their portfolio | 5.8m $81.9m | Added +1.6m |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 4.8m $68.4m | Added +1.5m |
| JENNISON ASSOCIATES LLC 0.04% of their portfolio | 4.4m $62.6m | Added +1.2m |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 4.1m $58.5m | Added +331.0k |
| MANGROVE PARTNERS IM, LLC 3.44% of their portfolio | 3.0m $42.3m | Added +82.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.0m $42.2m | Reduced -6.2k |
| STATE STREET CORP 0.00% of their portfolio | 2.9m $40.6m | Reduced -14.2k |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $26.6m | Added +431.2k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.6m $22.5m | Reduced -27.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.02% of their portfolio | 1.6m $22.3m | Added +27.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.3m $18.4m | Added +15.1k |
| UBS Group AG 0.00% of their portfolio | 1.3m $18.3m | Added +399.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 1.3m $17.7m | Reduced -137.9k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.76% of their portfolio | 1.1m $16.1m | Unchanged |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.17% of their portfolio | 1.1m $15.6m | Added +133.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0m $14.7m | Added +85.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 1.0m $14.5m | Added +520.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $14.3m | Reduced -74.2k |
| Nuveen, LLC 0.00% of their portfolio | 996.7k $14.1m | Added +35.3k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 940.5k $13.3m | Reduced -910.9k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 897.7k $12.7m | New |
| Ararat Capital Management LP 6.23% of their portfolio | 892.9k $12.6m | Added +118.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 875.9k $12.4m | Reduced -63.9k |
| GDS Wealth Management 0.73% of their portfolio | 827.1k $11.7m | Reduced -212.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 815.0k $11.5m | Reduced -255.7k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 755.3k $10.7m | Reduced -1.5m |
| PALISADE CAPITAL MANAGEMENT, LP 0.32% of their portfolio | 750.9k $10.6m | Reduced -115.2k |
| Karl Kapital LLC 9.18% of their portfolio | 731.1k $10.4m | First filing |
| Interval Partners, LP 0.22% of their portfolio | 667.9k $9.5m | Added +436.4k |
| FMR LLC 0.00% of their portfolio | 629.1k $8.9m | Added +126.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.03% of their portfolio | 604.5k $8.6m | New |
| North Reef Capital Management LP 0.34% of their portfolio | 600.0k $8.5m | Reduced -50.0k |
| BARCLAYS PLC 0.00% of their portfolio | 597.3k $8.5m | Reduced -73.3k |
| Norwood Investment Partners, LP 9.38% of their portfolio | 588.1k $8.3m | Reduced -272.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 533.6k $7.6m | Reduced -269.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 512.1k $7.3m | Added +365.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 504.8k $7.1m | Added +173.4k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 479.2k $6.8m | New |
| First Eagle Investment Management, LLC 0.01% of their portfolio | 430.3k $6.1m | Added +162.3k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 422.2k $6.0m | Added +254.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 421.4k $6.0m | Added +236.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 420.9k $6.0m | Reduced -141.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 383.3k $5.4m | Reduced -11.6k |
| Bridgewater Associates, LP 0.02% of their portfolio | 377.9k $5.4m | Added +320.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 332.8k $4.7m | Reduced -31.3k |
| ABS Direct Equity Fund LLC 5.39% of their portfolio | 320.0k $4.5m | Reduced -5.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 301.6k $4.3m | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 299.2k $4.2m | Reduced -155.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 280.4k $4.0m | Added +15.1k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 255.1k $3.6m | Added +94.2k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 242.0k $3.4m | New |
| Palogic Value Management, L.P. 1.31% of their portfolio | 215.0k $3.0m | Reduced -68.0k |
| Swiss National Bank 0.00% of their portfolio | 213.8k $3.0m | Added +4.6k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 210.8k $3.0m | Added +82.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 199.5k $2.8m | Reduced -30.2k |
| Trexquant Investment LP 0.02% of their portfolio | 195.7k $2.8m | Reduced -425.3k |
| Invesco Ltd. 0.00% of their portfolio | 176.8k $2.5m | Added +27.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 172.2k $2.4m | Added +128.7k |
| Quantinno Capital Management LP 0.00% of their portfolio | 159.5k $2.3m | Added +146.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 158.4k $2.2m | Reduced -24.8k |
| Bullseye Asset Management LLC 1.11% of their portfolio | 146.0k $2.1m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 142.6k $2.0m | Reduced -11 |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 138.1k $2.0m | Added +45.6k |
| Legal & General Group Plc 0.00% of their portfolio | 137.1k $1.9m | Reduced -66 |
| Penserra Capital Management LLC 0.02% of their portfolio | 133.5k $1.9m | Reduced -13.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 129.5k $1.8m | Added +55.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 125.3k $1.8m | Reduced -9.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 124.0k $1.8m | Reduced -2.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 118.1k $1.7m | Added +12.8k |
| ADVISORY RESEARCH INC 0.20% of their portfolio | 109.9k $1.6m | Reduced -6.4k |
| Verition Fund Management LLC 0.01% of their portfolio | 108.1k $1.5m | Added +12.6k |
| NORGES BANK 0.00% of their portfolio | 106.2k $1.5m | Not comparable |
| AlphaQuest LLC 0.08% of their portfolio | 105.4k $1.5m | Added +83.1k |
| LPL Financial LLC 0.00% of their portfolio | 103.5k $1.5m | Added +60.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 103.0k $1.5m | Reduced -103 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 101.0k $1.4m | Reduced -244.2k |
| CITIGROUP INC 0.00% of their portfolio | 100.8k $1.4m | Added +87.0k |
| Rock Creek Group LLC 0.41% of their portfolio | 100.0k $3.6m | Reduced -125.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 97.2k $1.4m | Added +87.0k |
| Lane Generational LLC 1.22% of their portfolio | 95.2k $1.3m | Reduced -214 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 89.5k $1.3m | Reduced -89.3k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 84.0k $1.2m | New |
| COMERICA BANK 0.00% of their portfolio | 82.1k $1.2m | Reduced -9.5k |
| SG Americas Securities, LLC 0.00% of their portfolio | 78.2k $1.1m | Added +29.4k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 77.4k $1.1m | Reduced -13.6k |
| Edgestream Partners, L.P. 0.03% of their portfolio | 76.1k $1.1m | New |
| Gotham Asset Management, LLC 0.00% of their portfolio | 71.3k $1.0m | Added +51.3k |
| Waverly Advisors, LLC 0.01% of their portfolio | 68.4k $968.2k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 68.1k $964.0k | Added +6.4k |
| Creative Planning 0.00% of their portfolio | 66.4k $939.8k | Added +7.3k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 66.0k $934.6k | Reduced -6.9k |
| Capelight Capital Asset Management LP 0.84% of their portfolio | 60.0k $849.6k | First filing |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 59.4k $841.4k | Added +36.1k |
| WINTON GROUP Ltd 0.03% of their portfolio | 57.9k $819.2k | New |
| State of Wyoming 0.09% of their portfolio | 57.1k $808.8k | Added +32.5k |