ICF INTL INC ICFI
COM · Common Stock · CUSIP 44925C103
American consulting firm
* 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 ($11.4m this quarter). Holder counts are more reliable. Shares outstanding: 18.4m as of 2025-07-25, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $84.71. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 213 |
| Q4 2022 | 213 |
| Q1 2023 | 221 |
| Q2 2023 | 217 |
| Q3 2023 | 232 |
| Q4 2023 | 249 |
| Q1 2024 | 266 |
| Q2 2024 | 276 |
| Q3 2024 | 300 |
| Q4 2024 | 312 |
| Q1 2025 | 262 |
| Q2 2025 | 252 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 116 | 89 |
| Q4 2023 | 115 | 119 |
| Q1 2024 | 120 | 126 |
| Q2 2024 | 140 | 109 |
| Q3 2024 | 150 | 117 |
| Q4 2024 | 172 | 131 |
| Q1 2025 | 130 | 163 |
| Q2 2025 | 121 | 132 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.4m | $16.7k | 0.00 |
| Q4 2024 | $2.3m | $95.4k | 0.04 |
| Q1 2025 | $373.9k | $331.4k | 0.89 |
| Q2 2025 | $0 | $0 | — |
Biggest buyers
| Estuary Capital Management LP | New | +460.0k |
| ROYAL BANK OF CANADA | Added | +314.0k |
| Point72 Asset Management, L.P. | New | +272.8k |
| RENAISSANCE TECHNOLOGIES LLC | New | +101.4k |
| D. E. Shaw & Co., Inc. | Added | +89.1k |
| Capital Research Global Investors | Added | +87.3k |
| Cubist Systematic Strategies, LLC | Added | +87.0k |
| MORGAN STANLEY | Added | +58.7k |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +56.2k |
| CITADEL ADVISORS LLC | Added | +36.6k |
Biggest sellers
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -203.8k |
| Capital International Investors | Sold out | -179.1k |
| LORD, ABBETT & CO. LLC | Sold out | -134.2k |
| VANGUARD GROUP INC | Reduced | -78.1k |
| Trexquant Investment LP | Reduced | -76.5k |
| BlackRock, Inc. | Reduced | -69.0k |
| Nuveen, LLC | Reduced | -64.2k |
| Walleye Capital LLC | Reduced | -64.0k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -62.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -58.8k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| ALLIANCEBERNSTEIN L.P. 13G · institution new · filed 2026-08-14 | 7.8% |
| WASATCH ADVISORS LP 13G · institution no change · filed 2026-10-09 | 6.4% |
| FMR LLC 13G · institution new · filed 2026-08-06 | 6.4% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution +0.6 pts · filed 2026-04-09 | 5.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: Capital Research Global Investors (1.3%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 4 | $1.8m | $651.6k |
| Q4 2023 | 0 | — | 2 | $831.8k | $666.7k |
| Q1 2024 | 0 | — | 2 | $1.1m | $1.1m |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 3 | $1.7m | $1.7m |
| Q4 2024 | 1 | $55.4k | 3 | $705.4k | $705.4k |
| Q1 2025 | 1 | $49.0k | 0 | — | — |
| Q2 2025 | 2 | $273.8k | 1 | $436.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-09 | Mehl Randall Director | Bought | $168.8k2.0k shares |
| 2025-06-06 | SALMIRS SCOTT B Director | Bought | $105.0k1.2k shares |
| 2025-05-12 | Morgan James C M Chief Operating Officer | Sold | $218.8k2.5k shares |
| 2025-05-09 | Morgan James C M Chief Operating Officer | Sold | $217.5k2.5k 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| WASATCH ADVISORS LP 0.98% of their portfolio | 2.2m $188.0m | Reduced -7.3k |
| BlackRock, Inc. 0.00% of their portfolio | 1.8m $153.7m | Reduced -69.0k |
| Capital Research Global Investors 0.02% of their portfolio | 1.4m $116.9m | Added +87.3k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.1m $94.7m | Reduced -78.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 878.2k $74.4m | Added +591 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.34% of their portfolio | 605.9k $51.3m | Added +33.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 581.6k $49.3m | Added +314.0k |
| STATE STREET CORP 0.00% of their portfolio | 469.1k $39.8m | Added +14.1k |
| Estuary Capital Management LP 7.60% of their portfolio | 460.0k $39.0m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 454.5k $38.5m | Added +2.8k |
| MORGAN STANLEY 0.00% of their portfolio | 342.8k $29.0m | Added +58.7k |
| Premier Fund Managers Ltd 1.01% of their portfolio | 328.2k $27.7m | Reduced -926 |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 317.9k $26.9m | Reduced -11.2k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 272.8k $23.1m | New |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 270.7k $22.9m | Added +89.1k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 235.0k $19.9m | Added +31.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 229.8k $19.5m | Added +3.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 210.6k $17.8m | Reduced -39.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 210.0k $17.8m | Reduced -58.8k |
| Tributary Capital Management, LLC 1.54% of their portfolio | 205.0k $17.4m | Reduced -17.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 194.2k $16.4m | Reduced -14.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 188.2k $15.9m | Added +2.9k |
| Robeco Schweiz AG 0.34% of their portfolio | 176.0k $14.9m | Added +6.7k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 1.35% of their portfolio | 170.9k $14.5m | Reduced -485 |
| Walter Public Investments Inc. 2.35% of their portfolio | 163.8k $13.9m | Added +25.1k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.36% of their portfolio | 159.8k $13.5m | Reduced -48.9k |
| BARCLAYS PLC 0.01% of their portfolio | 151.2k $12.8m | Added +18.2k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 120.5k $10.2m | Added +4.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 118.1k $10.0m | Reduced -203.8k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.19% of their portfolio | 111.2k $9.4m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 109.4k $9.3m | Reduced -42.2k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 101.6k $8.6m | Reduced -62.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 101.4k $8.6m | New |
| Cubist Systematic Strategies, LLC 0.09% of their portfolio | 98.2k $8.3m | Added +87.0k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 97.9k $8.3m | Reduced -22.7k |
| WCM INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 97.6k $8.2m | Reduced -1.1k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 94.4k $8.0m | Added +8.6k |
| M&G PLC 0.04% of their portfolio | 91.0k $7.7m | Added +7 |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 88.4k $7.5m | Reduced -14.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 85.9k $7.3m | Added +3.9k |
| NICHOLAS COMPANY, INC. 0.12% of their portfolio | 84.3k $7.1m | Unchanged |
| Clearbridge Investments, LLC 0.01% of their portfolio | 84.0k $7.1m | Added +13.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 79.4k $6.7m | Added +12.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 68.7k $5.8m | Added +12.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 62.9k $5.3m | Reduced -15.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 60.5k $5.1m | Added +23.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 57.0k $4.8m | Added +56.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 54.8k $4.6m | Added +22.6k |
| HRT FINANCIAL LP 0.02% of their portfolio | 50.3k $4.3m | Added +16.6k |
| ARGENT CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 47.9k $4.1m | Added +10.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 47.7k $4.0m | Added +4.6k |
| THIRD AVENUE MANAGEMENT LLC 0.82% of their portfolio | 47.0k $4.0m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 45.0k $3.8m | Reduced -28.2k |
| Trexquant Investment LP 0.04% of their portfolio | 42.7k $3.6m | Reduced -76.5k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 40.7k $3.5m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 40.6k $3.4m | Added +36.6k |
| SEIZERT CAPITAL PARTNERS, LLC 0.15% of their portfolio | 40.5k $3.4m | Added +900 |
| UBS Group AG 0.00% of their portfolio | 40.2k $3.4m | Reduced -12.9k |
| Numerai GP LLC 0.49% of their portfolio | 40.1k $3.4m | Reduced -2.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 39.7k $3.4m | Reduced -680 |
| Nuveen, LLC 0.00% of their portfolio | 39.4k $3.3m | Reduced -64.2k |
| Invesco Ltd. 0.00% of their portfolio | 36.8k $3.1m | Added +2.2k |
| Swiss National Bank 0.00% of their portfolio | 35.2k $3.0m | Reduced -1.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 35.1k $3.0m | Reduced -7.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 34.8k $2.9m | Added +2.3k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 32.0k $2.7m | Reduced -3.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 31.9k $2.7m | Added +3.7k |
| LPL Financial LLC 0.00% of their portfolio | 31.8k $2.7m | Added +2.8k |
| Weiss Asset Management LP 0.04% of their portfolio | 31.8k $2.7m | Added +27.1k |
| B. Metzler seel. Sohn & Co. AG 0.02% of their portfolio | 30.9k $2.6m | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 29.6k $2.5m | New |
| Squarepoint Ops LLC 0.01% of their portfolio | 29.0k $2.5m | Added +17.1k |
| FIRST NATIONAL BANK OF OMAHA 0.15% of their portfolio | 26.6k $2.3m | Added +719 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 26.1k $2.2m | Reduced -14.8k |
| Riverwater Partners LLC 1.03% of their portfolio | 25.8k $2.2m | Added +5.6k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 25.6k $2.2m | Reduced -26.1k |
| AXA S.A. 0.01% of their portfolio | 25.5k $2.2m | Added +2.9k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.02% of their portfolio | 25.4k $2.1m | Added +122 |
| Empowered Funds, LLC 0.02% of their portfolio | 25.0k $2.1m | Added +4.9k |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 24.2k $2.0m | Added +160 |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 24.0k $2.0m | Added +5.2k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 22.5k $1.9m | Reduced -12.3k |
| Creative Planning 0.00% of their portfolio | 22.2k $1.9m | Added +15.1k |
| Legal & General Group Plc 0.00% of their portfolio | 21.9k $1.9m | Reduced -612 |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 21.5k $1.8m | Added +12.1k |
| ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 0.10% of their portfolio | 21.1k $1.8m | Added +1.4k |
| Edgestream Partners, L.P. 0.05% of their portfolio | 20.7k $1.8m | Reduced -49.3k |
| ANCHOR CAPITAL ADVISORS LLC 0.05% of their portfolio | 20.5k $1.7m | New |
| GSA CAPITAL PARTNERS LLP 0.11% of their portfolio | 18.4k $1.6m | Added +7.1k |
| Quantbot Technologies LP 0.04% of their portfolio | 18.2k $1.5m | Reduced -17.3k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 17.7k $1.5m | New |
| QSV Equity Investors LLC 1.55% of their portfolio | 17.6k $1.5m | Reduced -143 |
| Freestone Grove Partners LP 0.01% of their portfolio | 17.3k $1.5m | Added +14.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 17.3k $1.5m | Reduced -214 |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 17.3k $1.5m | Added +13.1k |
| CITIGROUP INC 0.00% of their portfolio | 16.9k $1.4m | Reduced -11.2k |
| Holocene Advisors, LP 0.00% of their portfolio | 16.8k $1.4m | Reduced -6.1k |
| JOHNSON INVESTMENT COUNSEL INC 0.01% of their portfolio | 16.4k $1.4m | Added +634 |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 16.3k $1.4m | Reduced -14.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 15.7k $1.3m | Added +1.1k |