Exploring Riskified Ltd. (RSKD) Investor Profile: Who’s Buying and Why?

You're looking at Riskified Ltd. (RSKD) and trying to figure out if the smart money is finally seeing a clear path to profitability, right? The investor profile for this e-commerce fraud prevention specialist is defintely a mixed bag of conviction and caution, but a closer look at the Q3 2025 filings shows a clear shift in institutional sentiment, which is the real story here.

Despite the stock's consensus analyst rating of Hold, institutional investors now own a significant chunk of the company, holding approximately 58.98% of the stock, reflecting a market capitalization around $755.27 million as of late November 2025. This isn't retail noise; this is professional money making a move.

For example, in the third quarter alone, we saw massive increases in positions: Millennium Management LLC boosted its stake by a staggering 1,222.6% to hold 182,722 shares, and Prelude Capital Management LLC lifted its position by 92.5%. Why the sudden rush? It maps directly to Riskified's recent performance, where the company reported Q3 2025 revenue of $81.86 million, beating estimates, and posted earnings per share (EPS) of $0.04. The market is buying into the narrative that the company is successfully monetizing its Gross Merchandise Volume (GMV) and moving toward the fiscal year 2025 EPS forecast of $0.19 per share. But what does this institutional buying truly hide about the underlying risks in their core business model? That's what we need to unpack.

Who Invests in Riskified Ltd. (RSKD) and Why?

You're looking at Riskified Ltd. (RSKD) and trying to figure out who's driving the stock and what their endgame is. The direct takeaway is that the investor base is a mix of long-term private equity, growth-focused mutual funds, and aggressive hedge funds, all betting on the company's path to sustainable profitability in the e-commerce fraud prevention space.

As of late 2025, institutional investors own the majority of the company, with their stake sitting at about 58.98% of the outstanding shares. This concentration means their collective trading decisions can defintely move the stock price quickly. Retail investors and company insiders hold the rest, plus a significant portion is still held by the original venture capital and private equity backers.

Key Investor Types: The Ownership Breakdown

The ownership structure for Riskified Ltd. is typical for a growth-stage technology company that recently went public. You see a clear split between large, professional money managers and the general public. The institutional group itself is diverse, spanning passive index funds to active, high-conviction hedge funds.

Here's the quick math on the major groups, based on the most recent 2025 data:

• Institutional Investors: Hold approximately 58.98% of the stock. This includes mutual funds, pension funds, and hedge funds.
• Private Equity/Venture Capital: Original backers like General Atlantic Service Company, L.P. remain top shareholders, holding around 10.19% of shares as of mid-2025. They are long-term players.
• Retail Investors: The general public holds a substantial, though less concentrated, portion, often around 21% to 31.5%, depending on the reporting period.

The largest institutional holders, such as Capital World Investors and BlackRock, Inc., anchor the stock with massive positions. For instance, Capital World Investors holds over 8.3 million shares, valued at approximately $39.99 million. This suggests a strong belief in the company's core business model over a multi-year horizon.

Investment Motivations: Betting on Profitability and Growth

What attracts these sophisticated investors to Riskified Ltd. is a combination of its dominant market position in a growing sector and its clear, albeit recent, shift toward financial health. It's a growth story with a profitability catalyst.

The biggest motivation is the company's improving financial trajectory. Riskified Ltd. is guiding for full-year 2025 revenue between $338 million and $346 million. More importantly, the company is now delivering positive Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which is a crucial sign of operational efficiency for a tech company.

Key financial drivers attracting investors:

• Path to Profitability: The company reported positive Adjusted EBITDA of $5.6 million in Q3 2025, with full-year guidance between $21 million and $27 million. This signals the business model is maturing.
• E-commerce Growth: The core business, the Chargeback Guarantee platform, is essential for large e-commerce merchants. The growth in the money transfer and payments category, which grew approximately 100% year-over-year in Q3 2025, shows strong expansion into new high-value areas.
• Strong Balance Sheet: The company holds a healthy $325 million in cash deposits and investments with zero debt, providing a buffer for future growth and share repurchases.

Honestly, the shift from a loss-making enterprise to one guiding for positive Adjusted EBITDA in 2025 is the single biggest reason for the renewed institutional interest. You can read more about the underlying financial metrics in Breaking Down Riskified Ltd. (RSKD) Financial Health: Key Insights for Investors.

Investment Strategies: Long-Term Holders Meet Active Traders

The strategies employed by Riskified Ltd. investors fall into two main camps: the long-term growth holders and the short-term, event-driven traders. The presence of both creates volatility but also liquidity.

Long-Term Growth Investing: Mutual funds and large asset managers like Capital World Investors and BlackRock typically employ a long-term holding strategy. They are focused on the multi-year growth of the e-commerce fraud market and Riskified Ltd.'s ability to capture it. They buy, hold, and add to their positions when the stock dips, viewing the current market capitalization of roughly $837 million as undervalued relative to its long-term potential.

Short-Term/Event-Driven Trading: Hedge funds and quantitative firms are much more active. They look for catalysts like earnings beats, new product announcements, or shifts in profitability. For example, Millennium Management LLC boosted its holdings by an enormous 1,222.6% during the third quarter of 2025, a clear signal of a high-conviction, short-term bet on the company's recent positive earnings momentum. These firms are playing the inflection point-the moment the market re-rates a company moving from pure growth to profitable growth.

The table below highlights some of the major institutional players and their recent activity, showing this mix of strategies:

The key action for you is to watch the next few quarters. If the company continues to deliver on its Adjusted EBITDA guidance of $21 million to $27 million, expect the long-term holders to increase their positions, driving the stock higher.

Institutional Ownership and Major Shareholders of Riskified Ltd. (RSKD)

You want to know who is really calling the shots at Riskified Ltd. (RSKD) and why the stock moves the way it does. The short answer is: institutions. They hold the majority of the company's equity, so their trading decisions defintely matter.

As of the most recent filings, institutional investors collectively own approximately 58.98% of Riskified's stock. This represents a total of over 63.69 million shares held by 130 institutional owners, with a long-only institutional value of roughly $269.77 million as of November 2025. This high concentration of institutional ownership suggests professional investors see a long-term future in Riskified's e-commerce fraud prevention platform, which is a key credibility signal for any company.

The largest shareholders include a mix of major asset managers, private equity firms, and specialized funds. Here is a snapshot of the top holders based on their Q3 2025 filings (as of September 30, 2025):

Recent Shifts in Institutional Stakes: The Q3 2025 Story

The institutional picture isn't static; it's a constant tug-of-war. In the most recent quarter, we saw a net decrease in institutional shares held long, dropping by about 12.14%, or 8.80 million shares. But that overall decrease hides some very aggressive buying from specific funds.

Here's the quick math: some long-time holders are trimming their positions, but new money is coming in with conviction. The recent Q3 2025 results, where Riskified reported $81.86 million in revenue, beating the consensus estimate of $80.25 million, likely fueled some of this late-quarter activity.

• Millennium Management LLC boosted its stake by a massive 1,222.6%, adding 168,907 shares.
• NewEdge Advisors LLC raised its position by 12,516.6%, a clear sign of a new, high-conviction entry.
• Clearline Capital LP increased its holdings by 23.8%, adding 597,765 shares.
• Phoenix Financial Ltd. reduced its stake by 19.101%, selling over 1.2 million shares.
• Jennison Associates Llc also decreased its position by over 1.17 million shares.

The Real Impact of Large Investors on Riskified's Trajectory

The role of these large investors goes beyond simply owning shares. They are the market's professional stamp of approval, and their concentration in Riskified's stock means the company's share price is particularly sensitive to their collective sentiment and trading decisions. When a major fund like General Atlantic, L.P. holds a significant stake, it signals a long-term, strategic interest in the company's growth, often dating back to its pre-IPO (Initial Public Offering) days.

This institutional credibility is important, especially for a growth company still working toward consistent profitability, as reflected by the consensus 'Hold' rating and an average 12-month price target of $5.89 from analysts. The presence of these large, sophisticated players provides a floor of confidence. However, if multiple institutions decide to liquidate their positions simultaneously, the stock price could drop quickly-that's the inherent risk of high institutional ownership.

The fact that Riskified's Q3 2025 earnings per share (EPS) of $0.04 beat the $0.03 consensus is a data point these investors are watching closely. They're looking for proof that the company's strategy-detailed further in its Mission Statement, Vision, & Core Values of Riskified Ltd. (RSKD)-is translating into financial performance and a path to sustainable growth. You need to track the 13F filings every quarter. That's your action.

Key Investors and Their Impact on Riskified Ltd. (RSKD)

You're looking at Riskified Ltd. (RSKD) and wondering who the big money is, and more importantly, what they are doing. The direct takeaway is that institutional investors hold the majority stake-around 58.98% of the stock as of late 2025-which means their collective decisions defintely move the share price.

The company's ownership structure is dominated by a mix of early venture capital, large mutual funds, and growth-focused institutions. For instance, the top eight shareholders alone control a significant 54% of the business, so any coordinated moves among them will have an outsized impact on the stock's volatility.

The co-founders, Eido Gal and Assaf Feldman, are also major shareholders, holding 8.6% and 8.2% of the shares outstanding, respectively. This high insider ownership is a good signal, showing that the people running the company have a substantial personal stake in its long-term success.

The Notable Funds Driving RSKD's Trajectory

The investor base for Riskified Ltd. is a blend of long-term strategic holders and active asset managers. General Atlantic Service Company, L.P., a global growth equity firm, is a key player, holding approximately 10.19% of the shares as of mid-2025. Their presence signals a conviction in the company's growth story and its Mission Statement, Vision, & Core Values of Riskified Ltd. (RSKD).

Other influential institutional names you'll see on the shareholder list include Capital World Investors, which owns around 8.31 million shares, representing a 5.30% stake, and BlackRock, Inc., holding approximately 1.89 million shares valued at over $9.04 million based on a November 2025 share price. These large fund positions provide the stock with a degree of stability, but their portfolio rebalancing can also create selling pressure.

Here's a quick look at some of the largest institutional stakes, showing the sheer scale of their commitment:

Recent Investor Activity: Buying and Buybacks

The most telling sign of investor sentiment comes from recent trading activity, particularly in the third quarter of the 2025 fiscal year. We've seen some aggressive accumulation, which suggests certain funds are betting on the company's path to profitability.

• Millennium Management LLC boosted its holdings by a massive 1,222.6% in Q3 2025.
• NewEdge Advisors LLC increased its position by 12,516.6%, a clear sign of a new, strong conviction.
• Clearline Capital LP and Harvey Partners LLC also showed confidence, increasing their stakes by 23.8% and 20.4%, respectively.

This institutional buying is happening as the company itself is actively returning capital to shareholders. Riskified Ltd. repurchased 5.2 million shares for approximately $25.3 million in Q3 2025 alone. Here's the quick math: the company bought back a total of 14.2 million shares for about $69.2 million in the first nine months of the year, signaling management believes the stock is undervalued. This is a powerful, concrete action that supports the share price by reducing the supply of outstanding shares.

Influence on Stock Movement and Strategy

The institutional ownership structure means that the stock price is acutely sensitive to large-scale trading decisions. When a major fund like General Atlantic or Capital World Investors makes a move, the market pays attention. Their continued support, often classified as passive investment (Schedule 13G), lends credibility to the company, but a sudden shift to an activist stance (Schedule 13D) could force strategic changes.

The positive Q3 2025 results, including a record revenue of $81.9 million and a raised full-year 2025 revenue guidance of between $338 million and $346 million, are what's driving the recent buying. This improving financial outlook, coupled with expected full-year 2025 earnings per share of $0.19, is the fundamental reason institutional investors are increasing their positions. Their investment is a vote of confidence in the company's execution and its ability to expand its adjusted EBITDA to a projected range of $21 million to $27 million for the full year 2025.

Next Step: You should track the next round of 13F filings in early 2026 to see if the momentum funds like Millennium Management continue to accumulate shares.

Market Impact and Investor Sentiment

The investor sentiment toward Riskified Ltd. (RSKD) is best described as cautiously neutral, a 'show me' period for a growth company working toward consistent profitability. The consensus analyst rating is a 'Hold'. This isn't a ringing endorsement, but it's not a panic button either; it reflects mixed signals from the company's recent performance and the broader macroeconomic environment.

Institutional investors, the big money managers, still hold the lion's share, owning 58.98% of the stock as of late 2025. That level of institutional backing suggests a baseline of credibility and long-term interest, even if the near-term price action is choppy. For you, this means the stock's moves are defintely driven by institutional trading, not just retail noise.

• Overall Analyst Rating: Hold
• Institutional Ownership: 58.98%
• Average 12-Month Price Target: $5.89

Recent Market Reactions and Ownership Shifts

You can see this cautious sentiment play out in the market's reaction to the Q3 2025 earnings. Riskified slightly beat expectations, reporting $0.04 Earnings Per Share (EPS) against a consensus estimate of $0.03. The company also reported revenue of $81.86 million, surpassing the $80.25 million forecast. But still, the stock gapped down on November 15, 2025, falling from a $4.99 close to a $4.61 open.

Here's the quick math: a small beat on EPS and revenue, but the market focused on the reality of a negative net margin of 11.04% and a negative Return on Equity (ROE) of 8.12% for the quarter. The fact is, beating estimates while remaining unprofitable often leads to a muted or even negative reaction in a risk-off environment. On the flip side, the earlier Q1 2025 earnings beat, which included a positive adjusted EBITDA of $1.3 million, saw a modest stock increase of 2.07%.

In terms of ownership, some big players are making moves. Millennium Management, for instance, dramatically increased its position in Q3 2025, boosting its share count to 182,722 shares, an increase of over 1,222.6%. This kind of aggressive accumulation by a large fund is a strong signal of conviction in the company's future growth story, particularly its path to profitability. For a deeper dive into the company's financial stability, check out Breaking Down Riskified Ltd. (RSKD) Financial Health: Key Insights for Investors.

Analyst Perspectives on Key Investors

The analyst community is paying close attention to the conviction of major shareholders like General Atlantic Service Company, L.P., which holds the largest stake at 10.19% (or 15,974,994 shares as of June 2025). Other significant institutional holders include Qumra Capital Management Ltd and Pitango Growth Fund I, L.P., each holding over 5%.

The presence of these large, long-term investors-including BlackRock, Inc.-is viewed as a stabilizing force, suggesting that a significant portion of the float is held by entities with a multi-year horizon, not just short-term traders. This institutional confidence is a key factor analysts use to justify their price targets, which currently average $5.89.

JPMorgan Chase & Co. recently upgraded Riskified from an 'Underweight' to a 'Neutral' rating in November 2025, setting a $6.00 price target. This upgrade was driven by the company's Q3 results, which showed accelerated volume and gross profit growth, plus management raising its full-year 2025 guidance. They're seeing a healthier trajectory, even if they remain 'on the sidelines' for now.

For the full fiscal year 2025, management's guidance projects revenue between $333 million and $346 million. This is the number you need to watch. If they hit the midpoint of $339.5 million and continue to show 'healthy' adjusted EBITDA beats, as JPMorgan noted, the narrative will shift from 'unprofitable growth' to 'profitable scale,' which is when the big institutional holders will start to really push the stock higher.