BTC Development Corp Unit
BDCIU
20 hedge funds and large institutions have $21.7M invested in BTC Development Corp Unit in 2025 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 48 closing their positions.
9.38% more ownership
Funds ownership: 0% → 9.38% (+9.4%)
69% less funds holding
Funds holding: 65 → 20 (-45)
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
91% less capital invested
Capital invested by funds: $242M → $21.7M (-$220M)
92% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 48
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$763K |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$637K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$103K |
| 4 |
HF
HRT Financial
New York
|
+$6.29K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$257 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$21.3M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$15.4M |
| 3 |
LA
Linden Advisors
New York
|
-$11.4M |
| 4 |
LP
LMR Partners
London,
United Kingdom
|
-$11.4M |
| 5 |
TCM
Tenor Capital Management
New York
|
-$11.4M |
BDCIU Hedge Fund Activity: Q4 2025 in Review
20 of the 8,281 institutional investors tracked by Wall St. Rank reported a position in BTC Development Corp Unit (BDCIU) for Q4 2025, worth a combined $21.7M — down 91% from $242M a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of BDCIU and 4 opened new positions — a net loss of 44 holders — while 8 trimmed existing stakes and 2 added.
The largest buyer was Stifel Financial, opening a new position worth an estimated $763K. The largest seller was Meteora Capital, cutting an estimated $21.3M.
- 20 institutional investors held BTC Development Corp Unit (BDCIU) as of Q4 2025, down from 65 in Q3 2025.
- Funds reported $21.7M of BTC Development Corp Unit stock for Q4 2025, down 91% quarter-over-quarter.
- 4 funds opened new BTC Development Corp Unit positions in Q4 2025 and 48 closed out, a net change of -44 holders.
- The largest BTC Development Corp Unit buyer in Q4 2025 was Stifel Financial, an estimated $763K added.
- The largest BTC Development Corp Unit seller in Q4 2025 was Meteora Capital, an estimated $21.3M sold.
Based on aggregated 13F filings for Q4 2025.