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 ($1.9m this quarter). Holder counts are more reliable. Shares outstanding: 18.4m as of 2025-10-24, 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 ≈ $92.83.
Trends to Q3 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 |
| Q3 2025 | 256 |
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 | 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 |
| Q3 2025 | 144 | 110 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $2.3m | $95.4k | 0.04 |
| Q1 2025 | $373.9k | $331.4k | 0.89 |
| Q2 2025 | $0 | $0 | — |
| Q3 2025 | $0 | $0 | — |
Biggest buyers
| WASATCH ADVISORS LP | Added | +374.6k |
| Capital Research Global Investors | Added | +227.0k |
| FMR LLC | Added | +165.3k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC | Added | +157.3k |
| WCM INVESTMENT MANAGEMENT, LLC | Added | +109.9k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | Added | +93.5k |
| Redwood Grove Capital, LLC | New | +90.7k |
| KENNEDY CAPITAL MANAGEMENT LLC | New | +90.0k |
| Thrivent Financial for Lutherans | New | +88.9k |
| AQR CAPITAL MANAGEMENT LLC | Added | +87.6k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -298.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -279.5k |
| Point72 Asset Management, L.P. | Reduced | -262.1k |
| Cubist Systematic Strategies, LLC | Sold out | -98.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -91.7k |
| M&G PLC | Sold out | -91.0k |
| KORNITZER CAPITAL MANAGEMENT INC /KS | Reduced | -67.7k |
| MORGAN STANLEY | Reduced | -64.0k |
| D. E. Shaw & Co., Inc. | Reduced | -58.1k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP | Reduced | -41.9k |
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 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 | — | 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 | — |
| Q3 2025 | 0 | — | 1 | $9.5k | $9.5k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-25 | Morgan James C M Chief Operating Officer | Sold plan | $9.5k100 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| WASATCH ADVISORS LP 1.30% of their portfolio | 2.6m $240.7m | Added +374.6k |
| BlackRock, Inc. 0.00% of their portfolio | 1.8m $164.5m | Reduced -41.2k |
| Capital Research Global Investors 0.03% of their portfolio | 1.6m $149.2m | Added +227.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.1m $102.9m | Reduced -9.6k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 877.6k $81.4m | Reduced -545 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.43% of their portfolio | 699.3k $64.9m | Added +93.5k |
| Estuary Capital Management LP 8.42% of their portfolio | 511.0k $47.4m | Added +51.0k |
| STATE STREET CORP 0.00% of their portfolio | 457.0k $42.5m | Reduced -12.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 455.6k $42.3m | Added +1.2k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 2.49% of their portfolio | 328.2k $30.5m | Added +157.3k |
| Premier Fund Managers Ltd 1.24% of their portfolio | 325.2k $30.3m | Reduced -3.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 283.5k $26.3m | Reduced -298.2k |
| MORGAN STANLEY 0.00% of their portfolio | 278.8k $25.9m | Reduced -64.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 237.9k $22.1m | Added +8.1k |
| Tributary Capital Management, LLC 1.95% of their portfolio | 232.3k $21.6m | Added +27.3k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 214.7k $19.9m | Reduced -20.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 213.6k $19.8m | Added +19.4k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 212.6k $19.7m | Reduced -58.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 208.7k $19.4m | Reduced -1.9k |
| WCM INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 207.6k $19.3m | Added +109.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 195.5k $18.1m | Added +7.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 182.0k $16.9m | Added +87.6k |
| Robeco Schweiz AG 0.37% of their portfolio | 175.9k $16.3m | Reduced -101 |
| FMR LLC 0.00% of their portfolio | 168.8k $15.7m | Added +165.3k |
| Walter Public Investments Inc. 2.49% of their portfolio | 163.2k $15.1m | Reduced -600 |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 155.2k $14.4m | Added +37.1k |
| BARCLAYS PLC 0.00% of their portfolio | 136.9k $12.7m | Reduced -14.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 118.3k $11.0m | Reduced -91.7k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.27% of their portfolio | 117.9k $10.9m | Reduced -41.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 114.9k $10.7m | Reduced -5.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 111.8k $10.4m | Added +71.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 107.5k $10.0m | Added +6.1k |
| UBS Group AG 0.00% of their portfolio | 106.2k $9.9m | Added +66.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 103.2k $9.6m | Added +1.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 97.7k $9.1m | Added +52.7k |
| Redwood Grove Capital, LLC 2.41% of their portfolio | 90.7k $8.4m | New |
| KENNEDY CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 90.0k $8.4m | New |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 88.9k $8.3m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 87.5k $8.1m | Added +1.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 87.3k $8.1m | Added +24.4k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 85.9k $8.0m | Added +1.9k |
| NICHOLAS COMPANY, INC. 0.13% of their portfolio | 84.3k $7.8m | Reduced -35 |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 74.5k $6.9m | Reduced -23.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 74.2k $6.9m | Reduced -35.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 70.0k $6.5m | Added +9.4k |
| SG Capital Management LLC 0.65% of their portfolio | 69.9k $6.5m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 62.5k $5.8m | Reduced -25.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 57.0k $5.3m | Added +41.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 53.4k $5.0m | Added +5.7k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 52.9k $5.0m | New |
| THIRD AVENUE MANAGEMENT LLC 0.83% of their portfolio | 47.0k $4.4m | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 46.8k $4.3m | Reduced -21.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 45.7k $4.2m | Reduced -33.7k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.08% of their portfolio | 43.5k $4.0m | Reduced -67.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 41.4k $3.8m | New |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 40.7k $3.8m | Reduced -58 |
| Invesco Ltd. 0.00% of their portfolio | 40.5k $3.8m | Added +3.8k |
| SEIZERT CAPITAL PARTNERS, LLC 0.16% of their portfolio | 39.8k $3.7m | Reduced -744 |
| Nuveen, LLC 0.00% of their portfolio | 39.4k $3.7m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 38.4k $3.6m | Reduced -279.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 38.2k $3.5m | Reduced -18.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 38.1k $3.5m | Added +3.3k |
| AXA Investment Managers S.A. 0.01% of their portfolio | 37.2k $3.5m | First filing |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 35.9k $3.3m | Reduced -3.8k |
| Swiss National Bank 0.00% of their portfolio | 35.6k $3.3m | Added +400 |
| Creative Planning 0.00% of their portfolio | 35.5k $3.3m | Added +13.3k |
| B. Metzler seel. Sohn & Co. AG 0.03% of their portfolio | 35.1k $3.3m | Added +4.3k |
| HRT FINANCIAL LP 0.01% of their portfolio | 35.1k $3.3m | Reduced -15.2k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 33.8k $3.1m | Added +16.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 31.1k $2.9m | Reduced -816 |
| ANCHOR CAPITAL ADVISORS LLC 0.08% of their portfolio | 30.8k $2.9m | Added +10.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 30.6k $2.8m | Added +20.0k |
| Riverwater Partners LLC 1.17% of their portfolio | 30.5k $2.8m | Added +4.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 30.3k $2.8m | Added +725 |
| LPL Financial LLC 0.00% of their portfolio | 29.9k $2.8m | Reduced -1.9k |
| FIRST NATIONAL BANK OF OMAHA 0.17% of their portfolio | 28.9k $2.7m | Added +2.3k |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 28.0k $2.6m | Added +3.8k |
| JOHNSON INVESTMENT COUNSEL INC 0.02% of their portfolio | 26.9k $2.5m | Added +10.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 26.2k $2.4m | Reduced -28.6k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.03% of their portfolio | 25.9k $2.4m | Added +571 |
| Bastion Asset Management Inc. 1.32% of their portfolio | 23.9k $2.3m | New |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 23.8k $2.2m | Reduced -161 |
| Legal & General Group Plc 0.00% of their portfolio | 21.8k $2.0m | Reduced -43 |
| Sterling Capital Management LLC 0.03% of their portfolio | 21.4k $2.0m | Added +6.4k |
| Freestone Grove Partners LP 0.01% of their portfolio | 20.6k $1.9m | Added +3.3k |
| Y-Intercept (Hong Kong) Ltd 0.05% of their portfolio | 20.4k $1.9m | Added +8.0k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 19.8k $1.8m | Reduced -12.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 19.4k $1.8m | Added +15.3k |
| ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 0.08% of their portfolio | 18.4k $1.7m | Reduced -2.7k |
| Morningstar Investment Management LLC 0.06% of their portfolio | 18.3k $1.7m | New |
| QSV Equity Investors LLC 1.67% of their portfolio | 17.6k $1.6m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 17.3k $1.6m | Added +1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 17.2k $1.6m | Added +16.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 16.9k $1.6m | Added +1.2k |
| Verition Fund Management LLC 0.01% of their portfolio | 15.0k $1.4m | Added +12.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 14.8k $1.4m | Added +1.7k |
| Cerity Partners LLC 0.00% of their portfolio | 14.7k $1.4m | Added +4.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 14.2k $1.3m | Reduced -7.3k |
| Mariner, LLC 0.00% of their portfolio | 14.0k $1.3m | Added +4.6k |
| AZZAD ASSET MANAGEMENT INC /ADV 0.13% of their portfolio | 14.0k $1.3m | Added +3.3k |