BTC Development Corp Warrant
BDCIW
35 hedge funds and large institutions have $2.85M invested in BTC Development Corp Warrant in 2026 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 6 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
5% less funds holding
Funds holding: 37 → 35 (-2)
5.76% less ownership
Funds ownership: 78.23% → 72.46% (-5.8%)
22% less capital invested
Capital invested by funds: $3.65M → $2.85M (-$797K)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$304K |
| 2 |
DAM
Decagon Asset Management
London,
United Kingdom
|
+$27.7K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$26.9K |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$25.8K |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$14.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$358K |
| 2 |
HCI
Harraden Circle Investments
New York
|
-$104K |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$56.7K |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$32K |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$11.3K |
BDCIW Hedge Fund Activity: Q1 2026 in Review
35 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in BTC Development Corp Warrant (BDCIW) for Q1 2026, worth a combined $2.85M — down 22% from $3.65M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BDCIW and 4 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 6 added.
The largest buyer was Toronto Dominion Bank, adding an estimated $304K. The largest seller was Meteora Capital, exiting entirely with an estimated $358K sold.
- 35 institutional investors held BTC Development Corp Warrant (BDCIW) as of Q1 2026, down from 37 in Q4 2025.
- Funds reported $2.85M of BTC Development Corp Warrant stock for Q1 2026, down 22% quarter-over-quarter.
- 4 funds opened new BTC Development Corp Warrant positions in Q1 2026 and 6 closed out, a net change of -2 holders.
- The largest BTC Development Corp Warrant buyer in Q1 2026 was Toronto Dominion Bank, an estimated $304K added.
- The largest BTC Development Corp Warrant seller in Q1 2026 was Meteora Capital, an estimated $358K sold.
Based on aggregated 13F filings for Q1 2026.