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BDCI

BTC Development Corp
BDCI

50 hedge funds and large institutions have $198M invested in BTC Development Corp in 2026 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% less funds holding

Funds holding: 52 → 50 (-2)

9.44% less ownership

Funds ownership: 85.6% → 76.16% (-9.4%)

11% less capital invested

Capital invested by funds: $223M → $198M (-$24.6M)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

Holders
50
Holders Change
-2
Holders Change %
-3.85%
% of All Funds
0.61%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
7
Increased
9
Reduced
12
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
+$3.24M
2
CC
Centiva Capital
New York
+$2.64M
3
SAMU
SONA Asset Management (US)
New York
+$2.63M
4
CL
CSS LLC
Illinois
+$2.04M
5
RCM
Rivernorth Capital Management
Florida
+$2M

Top Sellers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
-$18.3M
2
HCI
Harraden Circle Investments
New York
-$6.68M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$5.4M
4
FLC
Fifth Lane Capital
Texas
-$2.28M
5
MSU
Mizuho Securities USA
New York
-$1.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
Toronto Dominion Bank
1
Toronto Dominion Bank
Ontario, Canada
$13.9M +$626K +62,419 +5%
GCL
2
Glazer Capital LLC
New York
$11.6M -$111K -11,075 -0.9%
LA
3
Linden Advisors
New York
$11.2M – – –
TCM
4
Tenor Capital Management
New York
$11.2M – – –
LP
5
LMR Partners
United Kingdom
$10.2M – – –
Adage Capital Partners
6
Adage Capital Partners
Massachusetts
$9.99M – – –
AA
7
AQR Arbitrage
Connecticut
$8.61M -$265K -26,454 -3%
Verition Fund Management
8
Verition Fund Management
Connecticut
$8.39M +$210K +20,980 +3%
MF
9
Magnetar Financial
Illinois
$7.5M – – –
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
10
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$7.49M – – –
FTCM
11
First Trust Capital Management
Illinois
$7.38M -$112K -11,151 -1%
RCM
12
Radcliffe Capital Management
Pennsylvania
$6.51M +$702K +70,004 +12%
AIMCA
13
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$5.24M – – –
PC
14
Periscope Capital
Ontario, Canada
$4.5M -$439K -43,802 -9%
SCM
15
Shaolin Capital Management
Florida
$4.5M +$528K +52,652 +13%
SCM
16
Saba Capital Management
New York
$4.05M -$1.2M -119,873 -23%
AC
17
Aristeia Capital
Connecticut
$4M – – –
Hudson Bay Capital Management
18
Hudson Bay Capital Management
Connecticut
$4M – – –
MCM
19
Moore Capital Management
New York
$4M – – –
Two Sigma Investments
20
Two Sigma Investments
New York
$3.96M – – –
Millennium Management
21
Millennium Management
New York
$3.93M +$209K +20,800 +6%
CCM
22
Context Capital Management
California
$3.5M – – –
WAM
23
Wolverine Asset Management
Illinois
$3.43M +$3.24M +322,977 +1,615%
CC
24
Centiva Capital
New York
$3.13M +$2.64M +263,508 +527%
WC
25
Wealthspring Capital
New York
$3.12M -$216K -21,500 -6%
1
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BDCI Hedge Fund Activity: Q1 2026 in Review

50 of the 8,169 institutional investors tracked by Wall St. Rank reported a position in BTC Development Corp (BDCI) for Q1 2026, worth a combined $198M — down 11% from $223M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BDCI and 7 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 9 added.

The largest buyer was Wolverine Asset Management, adding an estimated $3.24M. The largest seller was Meteora Capital, exiting entirely with an estimated $18.3M sold.

  • 50 institutional investors held BTC Development Corp (BDCI) as of Q1 2026, down from 52 in Q4 2025.
  • Funds reported $198M of BTC Development Corp stock for Q1 2026, down 11% quarter-over-quarter.
  • 7 funds opened new BTC Development Corp positions in Q1 2026 and 8 closed out, a net change of -1 holder.
  • The largest BTC Development Corp buyer in Q1 2026 was Wolverine Asset Management, an estimated $3.24M added.
  • The largest BTC Development Corp seller in Q1 2026 was Meteora Capital, an estimated $18.3M sold.

Based on aggregated 13F filings for Q1 2026.