Cipher Digital
CIFR
355 hedge funds and large institutions have $4.49B invested in Cipher Digital in 2025 Q4 according to their latest regulatory filings, with 119 funds opening new positions, 130 increasing their positions, 84 reducing their positions, and 52 closing their positions.
243% more call options, than puts
Call options by funds: $1.68B | Put options by funds: $490M
129% more first-time investments, than exits
New positions opened: 119 | Existing positions closed: 52
55% more repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 84
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
28% more capital invested
Capital invested by funds: $3.51B → $4.49B (+$976M)
19% more funds holding
Funds holding: 298 → 355 (+57)
6.13% more ownership
Funds ownership: 70.87% → 77% (+6.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$202M |
| 2 |
SA
Situational Awareness
San Francisco,
California
|
+$185M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$174M |
| 4 |
Jane Street
New York
|
+$95M |
| 5 |
Janus Henderson Group
London,
|
+$73.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$160M |
| 2 |
Two Sigma Investments
New York
|
-$95.5M |
| 3 |
VH
V3 Holding
Rye,
New York
|
-$80.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$74.1M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$54.3M |
CIFR Hedge Fund Activity: Q4 2025 in Review
355 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Cipher Digital (CIFR) for Q4 2025, worth a combined $4.49B — up 28% from $3.51B a quarter earlier.
Buyers outnumbered sellers: 119 funds opened new CIFR positions and 52 closed out — a net gain of 67 holders — while 130 added to existing stakes and 84 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $202M. The largest seller was Susquehanna International Group, cutting an estimated $160M.
- 355 institutional investors held Cipher Digital (CIFR) as of Q4 2025, up from 298 in Q3 2025.
- Funds reported $4.49B of Cipher Digital stock for Q4 2025, up 28% quarter-over-quarter.
- 119 funds opened new Cipher Digital positions in Q4 2025 and 52 closed out, a net change of +67 holders.
- The largest Cipher Digital buyer in Q4 2025 was D.E. Shaw & Co, an estimated $202M added.
- The largest Cipher Digital seller in Q4 2025 was Susquehanna International Group, an estimated $160M sold.
Based on aggregated 13F filings for Q4 2025.