Exploring Angi Inc. (ANGI) Investor Profile: Who’s Buying and Why?

You're looking at Angi Inc. (ANGI) and seeing a puzzle: how can a stock be down while the company is executing a major strategic pivot? The quick answer is that the big money is wrestling with a trade-off between top-line contraction and margin expansion. In the third quarter of 2025, Angi Inc. reported revenue of $265.6 million, a 10% decline year-over-year, but operating income absolutely surged by 179% to $21.8 million thanks to aggressive cost-cutting and the full implementation of the homeowner choice model. This is where the institutional profile gets interesting: you've got giants like BlackRock, Inc. reducing their stake by over 11% (a change of 718,741 shares) in Q3 2025, while others, like D. E. Shaw & Co., Inc., are accumulating, boosting their position by over 36% to 1,604,512 shares. Are the sellers focusing on the $10.6 million net earnings, which were down 70%, or are the buyers betting on the long-term profitability story that management is selling? We need to dig into which side of the ledger-the revenue dip or the efficiency gains-is winning the institutional argument right now, and what that means for your next move.

Who Invests in Angi Inc. (ANGI) and Why?

The investor profile for Angi Inc. (ANGI) is a fascinating mix, dominated by a high concentration of insider ownership, which means the stock's float (publicly traded shares) is relatively small. The direct takeaway is this: institutional giants are holding for the long haul, while the company's strategic shift to prioritize profitability over revenue volume is attracting value-oriented hedge funds.

Key Investor Types: The Ownership Breakdown

When you look at Angi Inc.'s shareholder base, you see a clear split between insiders and institutions, with a smaller portion for retail investors. As of late 2025, a significant 64.23% of the company is held by insiders. This high insider ownership, which includes individuals like Steven M. Kapner holding approximately 23.32 million shares, means management's interests are very tightly aligned with shareholder value. It also means the stock's trading volume is primarily driven by the remaining shares.

Institutional investors, which include mutual funds, pension funds, and exchange-traded funds (ETFs), collectively hold around 35.77% of the stock. These are the big, steady hands in the market. The largest institutional holders, as of the third quarter of 2025, are familiar names like BlackRock, Inc., with over 5.67 million shares, and Vanguard Group Inc., holding more than 4.13 million shares. These are mostly passive index funds, so their position signals the company's inclusion in major benchmarks, not necessarily an active investment thesis. Hedge funds and other active institutional investors account for about 12.84% of the stock.

• Insiders: 64.23% ownership, showing strong alignment with management.
• Institutions: 35.77% ownership, led by passive index funds.
• Hedge Funds: Active investors making up a subset of institutional holdings.

Investment Motivations: The Growth-for-Profit Trade-Off

Investors are drawn to Angi Inc. for its strong market position in the home services industry, but the motivation has shifted from pure revenue growth to a focus on profitable, high-quality transactions. The company has made a deliberate, painful trade-off to improve its customer experience, which led to a revenue decline-Q3 2025 revenue was $265.63 million, a year-over-year decrease of -10.48%.

The core motivation for buying now is the belief that this strategic pivot will pay off. Management is signaling a return to revenue growth in 2026. Plus, the company has a healthy balance sheet, reporting $362 million of cash as of Q2 2025. The investment thesis is simple: buy into the dominant home services platform while it's optimizing for profit, before the growth re-accelerates. The company does not pay a regular dividend, so this is defintely not an income play.

Here's the quick math on the forward view: full-year 2025 earnings per share (EPS) are expected to be around $1.27. That's a clear focus on the bottom line, which is what value investors want to see. For a deeper dive into the financial health driving these decisions, you should check out Breaking Down Angi Inc. (ANGI) Financial Health: Key Insights for Investors.

Investment Strategies: Value, Buybacks, and the Spin-Off Effect

The strategies employed by Angi Inc. investors are primarily long-term holding and value investing, with a notable boost from capital return. The elimination of the dual-class voting structure following the spin-off from IAC in March 2025 was a major win for corporate governance, making the stock more palatable to institutional investors who prefer a single class of stock.

The most concrete action suggesting a value strategy is the company's aggressive share repurchase program (buybacks). In fiscal year 2025, Angi Inc. repurchased 6 million shares for $91 million as of August 1, 2025, signaling management's view that the stock is undervalued. This is a classic value-investing move: returning capital to shareholders when the stock price is low.

Short-term traders, including some hedge funds, are also active, attracted by the stock's high volatility (beta of 1.75). They are likely playing the swings around earnings reports, especially since the company's revenue guidance and growth trajectory are in a state of flux. Long-term holders, particularly the passive funds, are simply holding through the transition, betting on the company's market dominance to eventually justify a higher valuation, especially with the consensus one-year price target averaging around $21.57.

Institutional Ownership and Major Shareholders of Angi Inc. (ANGI)

You want to know who is betting on Angi Inc. (ANGI) and why, especially after a year of significant change. The direct takeaway is that while institutional ownership remains high, the recent trend shows a net reduction in positions, signaling caution following the company's major 2025 spin-off from IAC Inc. and a sharp stock price decline.

As of the third quarter of 2025 (September 30, 2025), Angi Inc. had 519 institutional owners holding a total of over 54.67 million shares. This level of institutional investment is typical for a company coming off a major corporate restructuring, but the composition and activity are what really matter. The total value of these disclosed institutional holdings was approximately $429 million.

Here's the quick math on the top two holders, using the November 5, 2025 share price of $11.84: BlackRock, Inc.'s stake is valued at roughly $67.14 million, and Vanguard Group Inc.'s stake is valued at about $48.91 million. That's a lot of capital tied up in the home services market.

Top Institutional Investors and Their Stakes

The largest institutional investors in Angi Inc. (ANGI) are dominated by the world's biggest asset managers and index funds. These firms primarily hold shares for passive strategies (like tracking the Russell 2000 or S&P SmallCap 600 indices) or as part of a diversified growth portfolio. Their presence provides a baseline level of liquidity and stability, even during volatile periods.

The table below shows the top institutional holders as of the Q3 2025 filing date (September 30, 2025), detailing their share count and the recent change in their position.

Changes in Ownership: A Cautious Net Sell

The most telling data point for a seasoned analyst is the net change in institutional holdings, and here, the picture is one of caution. In the most recent filing period (Q3 2025), institutional investors showed a net decrease in their positions. Specifically, there were 146 decreased positions that reduced holdings by a total of 7,820,280 shares, compared to 104 increased positions that added only 4,819,735 shares.

This net selling is a direct reaction to the major corporate events of 2025. The full spin-off from IAC Inc. was completed on April 1, 2025, which also involved a 1-for-10 reverse stock split. This forced distribution meant many IAC shareholders received Angi Inc. (ANGI) stock they didn't defintely want, leading to post-spin-off selling pressure. Plus, the stock price fell from $25.30/share in November 2024 to $11.84/share by November 2025, a drop of over 53%. That's a tough environment for any investor.

• BlackRock and Vanguard cut their stakes by 11% to 15%.
• D. E. Shaw & Co., Inc. bucked the trend, increasing their stake by over 36%.
• The overall sentiment is net selling, which puts downward pressure on the stock.

Impact of Institutional Investors on Strategy and Price

The role of these large investors is critical, especially now that Angi Inc. (ANGI) is a fully independent company. The spin-off eliminated the dual-class voting structure, giving the remaining institutional shareholders a clearer voice and a more attractive equity currency for future growth initiatives like M&A or talent acquisition.

The institutional view is driving the capital allocation strategy. You see this reflected in the Q3 2025 shareholder letter, where management announced an incremental share repurchase authorization of 3.2 million shares. This move is a direct nod to institutional investors who want to see capital returned to shareholders and support the stock price, particularly after the completion of the prior repurchase of approximately 1.3 million shares for about $20 million. They are essentially saying, 'We believe the stock is undervalued, and we're putting our money where our mouth is.'

The strategic focus is clear: return to revenue growth in Q1 2026 and the full year 2026, driven by improvements in core customer metrics like Homeowner NPS, which is up +7 points versus 2024. Institutional investors will be holding management accountable to these 2026 targets. If you want a deeper dive into the company's foundation, you can check out Angi Inc. (ANGI): History, Ownership, Mission, How It Works & Makes Money.

Key Investors and Their Impact on Angi Inc. (ANGI)

The investor profile of Angi Inc. (ANGI) was fundamentally reshaped in 2025, moving from a controlled subsidiary model to a widely held, independent public company, which means the influence of a single entity has been replaced by the collective weight of institutional capital.

The most significant event was the complete spin-off of Angi Inc. from its former parent, IAC Inc., which was finalized on March 31, 2025. This move immediately altered the shareholder structure, distributing all Angi Inc. capital stock held by IAC Inc. to IAC Inc.'s own stockholders on a pro rata basis. This is a huge shift; it means the stock is now subject to the dynamics of a broader, more diverse investor base, rather than the strategic direction of one controlling entity.

The IAC Inc. Spin-Off: A New Investor Landscape

For years, IAC Inc. was the controlling shareholder, meaning its strategic vision-and its CEO, Joey Levin-had an outsized influence on Angi Inc.'s operational and financial decisions. Following the spin-off, IAC Inc. no longer retains any capital stock in Angi Inc., which is the very definition of a clean break. Joey Levin's continued role as an advisor and Executive Chairman of Angi Inc. is a transitional element, but the company's financial destiny now rests solely on its own performance and the sentiment of its new, independent shareholders.

The market capitalization for Angi Inc. stood at approximately $467.75 million as of November 2025, reflecting the new, post-spin-off valuation. This valuation is now driven by the company's ability to execute its independent strategy, which includes a focus on 'homeowner choice' and migrating to a single product platform in 2025. You can read more about the company's foundational changes here: Angi Inc. (ANGI): History, Ownership, Mission, How It Works & Makes Money.

Institutional Ownership and Recent Capital Moves

The new investor base is heavily weighted toward institutional holders. As of November 2025, institutional ownership is reported at over 100% of the float, at a staggering 102.97%, indicating a high level of concentration among funds and large asset managers. This high institutional interest means the stock price is highly sensitive to large-scale buying and selling by a relatively small number of sophisticated players.

Recent institutional activity in the second quarter of 2025 shows a clear trend of funds building new positions. For example, POEHLING CAPITAL MANAGEMENT, INC. and OSAIC HOLDINGS, INC. both added shares to their portfolios in Q2 2025. This buying activity suggests a belief in the company's new, independent path and its guidance for 2025 Adjusted EBITDA, which is expected to be in the range of $140 million to $145 million. That's a solid profitability target for a company in transition.

• POEHLING CAPITAL MANAGEMENT, INC. added 15,146 shares in Q2 2025.
• OSAIC HOLDINGS, INC. added 12,623 shares in Q2 2025.

The Influence of Share Repurchases and Insider Activity

In the absence of a controlling parent, Angi Inc.'s own capital allocation strategy is a major driver of investor sentiment. The company has been aggressively repurchasing shares in 2025, a move that signals management's belief that the stock is undervalued and is a direct way to return capital to shareholders.

Here's the quick math on their buyback program for fiscal year 2025:

By October 31, 2025, the company had repurchased a total of 7.3 million shares for an aggregate of $112.0 million, demonstrating a defintely strong commitment to capital return. The Board approved a new repurchase authorization of approximately 3.2 million shares on September 17, 2025, showing this strategy will continue.

Insider activity also provides a window into management's outlook. On November 13, 2025, CEO Jeffrey W. Kip acquired 55,000 shares through the vesting of restricted stock units, though he disposed of 25,003 shares at a price of $11.18 to cover tax obligations. This is a common practice, but the net acquisition of shares suggests confidence in the long-term trajectory, even as the company manages a projected revenue decline in the range of (11)% to (13)% for the full year 2025 as part of its strategic transition.

Market Impact and Investor Sentiment

You're looking at Angi Inc. (ANGI) and seeing a complex picture: a company undergoing a major strategic pivot while institutional investors are sending mixed signals. The current sentiment among major shareholders is best described as cautiously neutral, leaning negative in the near-term, but with some significant accumulation plays suggesting a long-term positive view from select funds.

The biggest news this year was the spin-off from IAC Inc. (IAC) on March 31, 2025, which made Angi Inc. a fully independent, publicly traded entity and eliminated the dual-class share structure. This was a massive structural change, but it also created a stock overhang, meaning many IAC shareholders who didn't want to hold Angi Inc. shares simply sold them off. That pressure is defintely a headwind for the stock price.

The institutional ownership landscape is a tug-of-war. As of the end of Q3 2025, major passive funds like BlackRock, Inc. and Vanguard Group Inc remain the largest holders, but they have been net sellers. For instance, in Q3 2025, BlackRock, Inc. reduced its position by over 11%, while Vanguard Group Inc cut its holding by nearly 16%. This is typical for index funds adjusting post-spin-off.

But the story isn't all selling. We see active funds stepping in, treating the post-spin-off weakness as a buying opportunity. Funds like D. E. Shaw & Co., Inc. increased their stake by over 36% in Q3 2025, and Dimensional Fund Advisors LP also added to their position. This suggests a belief that the company's focus on profitability will eventually pay off.

Recent Market Reactions and Financial Realities

The stock market has reacted sharply to both the strategic and financial updates this year. The spin-off itself, while strategically sound for the long-term, initially contributed to volatility. More recently, the Q3 2025 earnings report released in November triggered a significant move: the stock dropped by 14% in the following week.

Here's the quick math on why: While Angi Inc. reported Q3 2025 revenue of $265.6 million, which was generally in line with analyst expectations, the statutory earnings per share (EPS) missed estimates by a substantial 38%. The market is willing to forgive a revenue decline if the path to profitability is clear, but a big EPS miss raises a red flag on execution risk. To be fair, management is intentionally shedding lower-quality revenue to focus on higher-margin proprietary services, which is why we saw Q1 2025 operating income jump to $20.0 million from $2.7 million in the prior year.

The financial shift is clear, even with the revenue dip. Angi Inc.'s trailing twelve months (TTM) revenue ending September 30, 2025, stood at $1.06 billion. The focus is on a new strategy: homeowner choice, a single pro product, and platform quality. This is a turnaround playbook, and turnarounds are always bumpy. You can dig deeper into the company's fundamentals in Breaking Down Angi Inc. (ANGI) Financial Health: Key Insights for Investors.

• Q3 2025 Revenue: $265.6 million.
• Q1 2025 Operating Income: $20.0 million.
• Post-Q3 Stock Drop: 14%.
• Institutional Ownership: Approximately 73% of stock.

Analyst Perspectives on Key Investors' Impact

Analysts are trying to map the impact of this new, independent Angi Inc. and the shifting investor base. The consensus price target post-Q3 2025 earnings held steady at $22.38. That's a wide gap from the current stock price, which tells you the Street sees significant upside potential if the turnaround sticks, but also a high degree of uncertainty.

The wide spread in price targets-from the most bullish at $32.00 to the most bearish at $18.00-reflects the debate over the new strategy's success. The key investors' actions validate this split view:

The active buyers are essentially betting on management's ability to execute the strategic shift to 'homeowner choice' and a unified platform, which is expected to establish a new baseline for revenue growth in 2026. The analysts who upgraded the stock, like one in October 2025, are arguing the shares are simply too cheap at an estimated 7x Free Cash Flow (FCF), especially with the business on track to return to solid growth next year. This is a value play on a company that has already absorbed the pain of a revenue reset for the sake of long-term profitability.