Horizon Kinetics Asset Management’s Grayscale Bitcoin Trust GBTC Stock Holding History

Horizon Kinetics Asset Management’s Portfolio GBTC Stock Details GBTC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$739M	Sell	14,004,882 -108,711	-0.8%	-$6.47M	8%	2
2025 Q4	$965M	Sell	14,113,593 -67,607	-0.5%	-$5.3M	13.05%	2
2025 Q3	$1.27B	Sell	14,181,200 -369,991	-3%	-$33.3M	15.52%	2
2025 Q2	$1.23B	Sell	14,551,191 -145,322	-1%	-$11.3M	14.64%	2
2025 Q1	$958M	Sell	14,696,513 -471,650	-3%	-$34.8M	10.87%	2
2024 Q4	$1.12B	Sell	15,168,163 -39,897	-0.3%	-$2.63M	13.98%	2
2024 Q3	$768M	Sell	15,208,060 -1,305,555	-8%	-$63.5M	11.5%	2
2024 Q2	$794M	Sell	16,513,615 -62,810	-0.4%	-$3.31M	13.88%	2
2024 Q1	$946M	Buy	+16,576,425	New	+$729M	17.9%	2

Other funds holding GBTC

LPL Financial San Diego, California $376B AUM 19.32% 1-Year Est. Return

HighTower Advisors

HighTower Advisors Chicago, Illinois $94.2B AUM 21.24% 1-Year Est. Return

Greenwich Wealth Management Greenwich, Connecticut $2.45B AUM 39.53% 1-Year Est. Return

MSRH LLC New York $113M AUM

Susquehanna International Group

Susquehanna International Group Bala Cynwyd, Pennsylvania $77.3B AUM 36.07% 1-Year Est. Return

Mad River Investors Boston, Massachusetts $277M AUM 32.21% 1-Year Est. Return

EagleClaw Capital Management Boston, Massachusetts $714M AUM 24.24% 1-Year Est. Return

Wealthfront Advisers

Wealthfront Advisers Palo Alto, California $45.6B AUM 18.83% 1-Year Est. Return

Moors & Cabot Boston, Massachusetts $2.34B AUM 30.42% 1-Year Est. Return

Vident Advisory Alpharetta, Georgia $11.7B AUM 37.32% 1-Year Est. Return