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Institutional Investors Flock to CoreWeave as IPO Lock-up Expires
21 Aug
Summary
- Quantitative trading firm CoreWeave now owns 19.99 million shares
- IPO lock-up expired on Aug. 14, 2025, freeing 84% of outstanding shares
- Jane Street's purchase signals renewed institutional interest
As of August 21, 2025, the quantitative trading firm CoreWeave has emerged as a significant player in the market, with the company now owning 19.99 million shares and ranking among the largest institutional holders behind Magnetar Financial, FMR, and Nvidia.
The company's journey has been marked by a successful IPO, which took place on March 28, 2025. CoreWeave priced its IPO at $40 and saw its stock climb to around $183 by late June before cooling off following its second-quarter report. However, a critical turning point occurred on August 14, 2025, when the IPO lock-up expired, freeing roughly 84% of the outstanding shares.
This unlock prompted more than $1 billion in block trades arranged by major investment banks, including Morgan Stanley, JPMorgan Chase, and Goldman Sachs. The combination of unlocked supply and portfolio rebalancing has contributed to the recent volatility in CoreWeave's stock.
Despite the turbulence, the market has shown renewed institutional interest, as evidenced by Jane Street's purchase. Investors will now be closely watching for any upcoming client wins, product deployments, and quarterly results to gauge whether CoreWeave can sustain its momentum in the months ahead.
