Fund 1 Investments Lifts Funko Stake to 9.9% Direct, 13.0% via Swaps
FNKO has more than doubled off its 52-week low of $2.72.
Summary
Fund 1 Investments raised its direct Funko stake to 9.9% and its swap-based economic exposure to 13.0%, continuing an accumulation that now gives it roughly 22.9% total economic exposure.
Key Events · Ownership and Investor Activity · FNKO
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Fund 1 Stake Rises to 9.9%
Fund 1 Investments beneficially owns 5,527,297 Class A shares, or approximately 9.9% of the 55,995,766 shares outstanding as of August 4, 2026.
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Swap Exposure Grows to 13.0%
Cash-settled total return swaps give Fund 1 economic exposure to 7,287,462 notional shares, about 13.0% of outstanding shares, without voting or dispositive power.
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Open-Market Purchases and Sale
Fund 1 bought 50,000 shares between October 1 and October 14 at $5.6263-$6.4737, then sold 20,116 shares at $6.8326 on October 15.
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Aggregate Purchase Price Disclosed
The 5,527,297 beneficially owned shares were acquired for approximately $18,747,625, including brokerage commissions.
Analysis · FNKO · Manufacturing
Fund 1 Investments has raised its direct Funko stake to 9.9% (5,527,297 shares) and its cash-settled swap exposure to 13.0% (7,287,462 notional shares), bringing total economic exposure to roughly 22.9%. Between October 1 and October 14, the fund bought 50,000 shares at prices from $5.63 to $6.47, then sold 20,116 shares at $6.83 on October 15. The aggregate purchase price of the beneficially owned shares is approximately $18.7 million. Because this is an activist-style accumulation by a financial investor rather than an operating insider, the signal concerns ownership concentration and potential influence, not day-to-day management conviction.
How filings like this one have moved
In the 30 days to Oct 16, 2026, 29.5% of the 1476 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FNKO was trading at $6.63 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $371.9M. The 52-week trading range was $2.72 to $7.35. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.