SoFi Technologies sees increased institutional investment

SoFi Technologies has seen significant interest from institutional investors. According to recent SEC filings, Korea Investment CORP acquired 823,937 shares during the second quarter, a position valued at approximately $14,773,000. Additionally, Quantbot Technologies LP purchased 194,008 shares in the same period, valued at roughly $3,479,000.

Other institutional movements include increased stakes from Cary Street Partners Investment Advisory LLC, Bensler LLC, Mayflower Financial Advisors LLC, CX Institutional, and PKS Advisory Services LLC. Currently, institutional investors and hedge funds own approximately 38.43% of SoFi stock.

In the broader fintech sector, Sezzle has demonstrated rapid growth, reporting a 52% year-over-year revenue increase in Q2 and a five-year compound annual growth rate of 50%. While SoFi offers a more diversified range of financial services including banking, loans, and investing, Sezzle is currently growing its subscriber base at a faster rate.