Most SPV activity: where secondary buyers are pooling

Private companies ranked by the investment vehicles formed to buy their shares in the last 12 months, from SEC Form D filings. Amounts are what those vehicles reported sold. Updated daily as filings land.

Last 12 months

100 companies with 2+ vehicles
#CompanyVehiclesSoldInvestorsSponsorsLatest
1SpaceX46$337.1M1,33947Jun 2026
2Anthropic31$101.8M87732May 2026
3Apptronik18$51.5M66418Jun 2026
4Kraken17$35.4M24417Apr 2026
5Ripple16$13.1M38416Jun 2026
6Astro14$39.7M13614Jun 2026
7Perplexity14$32.6M27814Jun 2026
8Perplexity AI14$32.6M27814Jun 2026
9Shield AI13$23.1M32213Jun 2026
10Saronic12$83.4M36312Jun 2026
11Polymarket11$45.4M69711Jun 2026
12Crusoe10$32.3M17410Apr 2026
13Replit10$31.8M29110Jun 2026
14OpenAI9$18.4M1989May 2026
15Databricks8$21.0M2438May 2026
16Positron7$20.7M2147Jun 2026
17PsiQuantum7$8.8M1707Apr 2026
18Zipline6$32.9M2736May 2026
19Kalshi6$23.0M1696May 2026
20Paradromics6$12.9M1416Jun 2026
21Privateer6$12.5M1626May 2026
22Anomaly6$10.1M6296Apr 2026
23Starcloud6$9.4M1586Jun 2026
24Valar Atomics6$5.9M816Apr 2026
25Securitize5$14.8M895Feb 2026
26Corgi5$12.8M1845May 2026
27Unblocked5—5Mar 2026
28Prediction.5—4Feb 2026
29Impulse4$28.4M1914Jun 2026
30Etched4$14.1M954Feb 2026
31Lambda4$10.5M2184May 2026
32Interface4$7.6M184May 2026
33Synchron4$6.8M1584May 2026
34Harbinger4$6.0M154Mar 2026
35Neurophos4$4.1M1634Dec 2025
36Project Prometheus4$3.7M844Jun 2026
37Stripe4$3.0M144Apr 2026
38Lucid Bots4$3.0M334Jun 2026
39Rhone4$2.6M304May 2026
40Orion Security4$1.4M862Jun 2026
41Atoms4—3Jun 2026
42Together AI3$24.7M473May 2026
43Mercor3$21.9M173Feb 2026
44SandboxAQ3$13.3M833Mar 2026
45Hermeus3$8.3M1213Mar 2026
46Vulcan Elements3$7.4M1663Mar 2026
47Figure AI3$6.0M1083Jun 2026
48Curve3$4.6M333May 2026
49Mytra3$4.0M183Nov 2025
50Sygaldry3$3.7M1313Mar 2026
51Sophia Space3$2.7M663Jun 2026
52Contraline3$2.3M1063Jun 2026
53Aquaria3$552K682May 2026
54Wisdom3$161K43Apr 2026
55Nscale2$125.9M332May 2026
56Valent2$113.6M191Apr 2026
57Radar2$106.9M1752Mar 2026
58Yampa2$106.0M1532May 2026
59Overtime2$93.1M4012Jun 2026
60Mach Industries2$53.1M392Jun 2026
61Cohere2$47.1M292Mar 2026
62ElevenLabs2$35.3M1272Apr 2026
63Tenstorrent2$31.0M3422Jun 2026
64Rainbow.2$27.7M42Mar 2026
65Axiado2$23.0M1242Apr 2026
66Accrete2$22.8M1282Feb 2026
67Exowatt2$17.2M262May 2026
68Tractian2$14.5M392Jun 2026
69Tensordyne2$12.9M372May 2026
70Overland AI2$8.7M872Dec 2025
71d-Matrix2$7.1M1012May 2026
72Firestorm2$6.0M962Apr 2026
73Matter.2$5.3M252Jun 2026
74Firehawk2$5.2M342Apr 2026
75Volley2$5.1M92Dec 2025
76Moxie2$5.1M42Feb 2026
77Wonder2$4.8M132Jun 2026
78Skyryse2$4.7M322Feb 2026
79Provivi2$4.7M541Mar 2026
80General Intuition2$4.5M932Apr 2026
81Boom Supersonic2$4.0M1412Feb 2026
82Atom Computing2$4.0M1602Mar 2026
83Harvey AI2$3.9M702Jun 2026
84HavocAI2$3.8M492Apr 2026
85Pro Athlete Community2$3.7M842Jun 2026
86Cognichip2$3.5M792Feb 2026
87Teton2$3.4M—2Feb 2026
88Endolith2$3.3M1752Jan 2026
89Reflection AI2$3.3M552May 2026
90Astranis2$3.1M112Feb 2026
91Automation Anywhere2$2.9M382Apr 2026
92Edera2$2.8M441May 2026
93Lemurian Labs2$2.6M582Oct 2025
94Impulse Space2$2.5M1112Jun 2026
95Wayflyer2$2.2M122Apr 2026
96Lucidean2$1.7M402Dec 2025
97Erebor Bank2$1.6M242Apr 2026
98Rillet2$1.6M1142Jan 2026
99Hybron2$1.2M242Mar 2026
100Psyonic2$1.1M162Feb 2026

Source: SEC Form D filings matched to companies by PrivateMarketView. The vehicle list for each company is on its page (Pro).

Frequently asked

What counts as an investment vehicle here?
A special-purpose vehicle, series LLC or co-investment fund that filed a Form D with the SEC and names the company in the vehicle's own name. Each amendment chain counts once. Sponsors' own funds and vehicles that merely share a word with a company are excluded.
Why does vehicle activity matter?
A vehicle is formed when a sponsor raises money to buy one company's shares. The count and amount sold show how much of that buying was organised in the period.
Which private companies had the most SPV activity in the last 12 months?
1. SpaceX — 46 vehicles, $337.1M sold; 2. Anthropic — 31 vehicles, $101.8M sold; 3. Apptronik — 18 vehicles, $51.5M sold; 4. Kraken — 17 vehicles, $35.4M sold; 5. Ripple — 16 vehicles, $13.1M sold.