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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
MC
1
Meteora Capital
Florida
$22.2M +$22.2M +2,200,000 New
GCL
2
Glazer Capital LLC
New York
$15.4M +$15.4M +1,525,554 New
LA
3
Linden Advisors
New York
$11.4M +$11.4M +1,125,000 New
LP
4
LMR Partners
United Kingdom
$11.4M +$11.4M +1,125,000 New
TCM
5
Tenor Capital Management
New York
$11.4M +$11.4M +1,125,000 New
AA
6
AQR Arbitrage
Connecticut
$11.3M +$11.4M +1,125,000 New
Adage Capital Partners
7
Adage Capital Partners
Massachusetts
$10.1M +$10.1M +1,000,000 New
Verition Fund Management
8
Verition Fund Management
Connecticut
$10.1M +$10.1M +1,000,000 New
FTCM
9
First Trust Capital Management
Illinois
$7.58M +$7.58M +750,000 New
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
10
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$7.58M +$7.58M +750,000 New
MF
11
Magnetar Financial
Illinois
$7.58M +$7.58M +750,000 New
HCI
12
Harraden Circle Investments
New York
$7.32M +$7.32M +725,000 New
CL
13
CSS LLC
Illinois
$7.15M +$7.15M +707,880 New
PAMP
14
Polar Asset Management Partners
Ontario, Canada
$5.3M +$5.3M +525,000 New
SCM
15
Saba Capital Management
New York
$5.3M +$5.3M +525,000 New
SCM
16
Steadfast Capital Management
New York
$5.3M +$5.3M +525,000 New
PC
17
Periscope Capital
Ontario, Canada
$5.14M +$5.14M +508,500 New
DAM
18
Decagon Asset Management
United Kingdom
$5.05M +$5.05M +500,000 New
SCM
19
Shaolin Capital Management
Florida
$4.54M +$4.54M +449,480 New
AC
20
Aristeia Capital
Connecticut
$4.04M +$4.04M +400,000 New
HCM
21
Highbridge Capital Management
New York
$4.04M +$4.04M +400,000 New
Hudson Bay Capital Management
22
Hudson Bay Capital Management
Connecticut
$4.04M +$4.04M +400,000 New
MCM
23
Moore Capital Management
New York
$4.04M +$4.04M +400,000 New
Millennium Management
24
Millennium Management
New York
$3.62M +$3.62M +358,500 New
CS
25
Clear Street
New York
$3.54M +$3.54M +350,000 New
1
2 3

BDCIU Hedge Fund Activity: Q3 2025 in Review

65 of the 7,619 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.