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BDCIU

BTC Development Corp Unit
BDCIU

65 hedge funds and large institutions have $242M invested in BTC Development Corp Unit in 2025 Q3 according to their latest regulatory filings, with 65 funds opening new positions, increasing their positions, reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
65
Holders Change
+65
Holders Change %
–
% of All Funds
0.85%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
65
Increased
–
Reduced
–
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
+$22.2M
2
GCL
Glazer Capital LLC
New York
+$15.4M
3
AA
AQR Arbitrage
Connecticut
+$11.4M
4
LA
Linden Advisors
New York
+$11.4M
5
LP
LMR Partners
United Kingdom
+$11.4M

Top Sellers

No sellers this quarter
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
26
Context Capital Management
California
$3.54M +$3.54M +350,000 New
WC
27
Wealthspring Capital
New York
$3.51M +$3.51M +347,120 New
KPF
28
K2 Principal Fund
Ontario, Canada
$3.03M +$3.03M +300,000 New
FLC
29
Fifth Lane Capital
Texas
$2.52M +$2.52M +250,000 New
SC
30
Sculptor Capital
New York
$2.52M +$2.52M +250,000 New
Toronto Dominion Bank
31
Toronto Dominion Bank
Ontario, Canada
$2.52M +$2.52M +250,000 New
GL
32
Governors Lane
New York
$2.02M +$2.02M +200,000 New
HIM
33
HGC Investment Management
Ontario, Canada
$2.02M +$2.02M +200,000 New
MTCM
34
Mint Tower Capital Management
Netherlands
$2.02M +$2.02M +200,000 New
RCM
35
Rivernorth Capital Management
Florida
$2.02M +$2.02M +200,000 New
RCM
36
Radcliffe Capital Management
Pennsylvania
$1.54M +$1.54M +152,500 New
ECP
37
Empyrean Capital Partners
California
$1.51M +$1.51M +150,000 New
KIM
38
Karpus Investment Management
New York
$1.51M +$1.51M +150,000 New
WAM
39
Weiss Asset Management
Massachusetts
$1.51M +$1.51M +150,000 New
WRBC
40
W.R. Berkley Corp
Connecticut
$1.5M +$1.5M +148,816 New
CC
41
Centiva Capital
New York
$1.01M +$1.01M +100,000 New
DAM
42
DLD Asset Management
New York
$1.01M +$1.01M +100,000 New
DCM
43
Driehaus Capital Management
Illinois
$1.01M +$1.01M +100,000 New
Marshall Wace
44
Marshall Wace
United Kingdom
$1.01M +$1.01M +100,000 New
Parallax Volatility Advisers
45
Parallax Volatility Advisers
California
$1.01M +$1.01M +100,000 New
WA
46
Whitebox Advisors
Minnesota
$1.01M +$1.01M +100,000 New
HF
47
HRT Financial
New York
$1.01M +$1.01M +100,001 New
SG
48
StoneX Group
New York
$859K +$859K +85,000 New
BI
49
Bulldog Investors
New Jersey
$709K +$709K +70,154 New
MSU
50
Mizuho Securities USA
New York
$708K +$707K +70,000 New
1
2
3

BDCIU Hedge Fund Activity: Q3 2025 in Review

65 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in BTC Development Corp Unit (BDCIU) for Q3 2025, worth a combined $242M.

Buyers outnumbered sellers: 65 funds opened new BDCIU positions and 0 closed out — a net gain of 65 holders — while 0 added to existing stakes and 0 trimmed.

The largest buyer was Meteora Capital, opening a new position worth an estimated $22.2M.

  • 65 institutional investors held BTC Development Corp Unit (BDCIU) as of Q3 2025, up from 0 in Q2 2025.
  • Funds reported $242M of BTC Development Corp Unit stock for Q3 2025.
  • 65 funds opened new BTC Development Corp Unit positions in Q3 2025 and 0 closed out, a net change of +65 holders.
  • The largest BTC Development Corp Unit buyer in Q3 2025 was Meteora Capital, an estimated $22.2M added.

Based on aggregated 13F filings for Q3 2025.